On January 30, 2025, crypto influencers celebrated a “solo miner” who allegedly solved a Bitcoin block alone, claiming a 3.146 BTC reward ($330,000). The narrative unraveled hours later.
Source: X
The miner’s 881 Ph/s hashrate—enough to compete with industrial pools—came from 300+ donors in a 10-hour fundraiser organized by the 256 Foundation, a non-profit fighting mining centralization.
Bitcoin Mining’s Impossible Odds
In 2009, miners solved blocks with laptops earning 50 BTC rewards. Bitcoin mining difficulty has since surged 90 trillion times.
Today, producing one block demands 3.125 BTC ($330,000) and a 1-in-560 trillion chance per hash attempt.
By 2025, mining pools control 95% of Bitcoin’s hashrate (Cambridge Centre for Alternative Finance).
Solo miners face near-zero success odds without costly ASICs—machines costing $10,000+ each.
Yet the 256 Foundation’s event proved decentralized mining isn’t dead. Just crowdsourced.
Source: X
The 256 Fou
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