Against all odds, again! Another person just pocketed $350,000 worth of Bitcoin by solo mining block 903,883. A true victory for the little guy! In a world dominated by mining cartels with warehouses full of ASICs, this is like a mom-and-pop bookstore outselling Amazon. It’s not only inspiring, it’s a welcome and necessary reminder of what Bitcoin was always supposed to be.

Solo Mining Is Not Dead, Period!

They say solo mining is dead? This $350k win proves them wrong! And it's not a complete anomaly. Solo CK, the platform this miner used, that’s had such amazing outsized effect! Since 2014, it has helped with the mining of over 5,222 BTC … that’s almost $600 million! Okay, I know, it’s a lottery — but every lottery has to have a winner.

The story that solo mining is unrealistic is a self-serving one propagated by the vampires who thrive on centralization. It would be as though Big Tech told you “You can’t create your own website, you have to use our platform! They don’t want you to know that it’s too onerous, too costly, too burdensome. This win puts a big ol rusty industrial wrench in their carefully crafted illusion of control.

Consider this: the winning miner had a hash rate of just 2.3 PH. Foundry USA, the largest mining pool of all time, makes that look tiny. It wasn’t the corporate titan, it was one miner with one-tenth of the power!

Power to the People: Decentralization Wins

This isn’t just the story of one random, lucky miner who hit the jackpot. It's about the principle of decentralization. Each successful solo miner is an incredible shot across the bows. They oppose the increasing centralization of money in crypto. It’s the digital equivalent of little farmers taking on big ag. Now picture this and ask yourself—why are we pushing the decentralization battle. If we’re just going to give all the benefits to large corporate actors, what’s the use.

  • Mining Pools: Centralized power, potential for censorship, higher barrier to entry for individuals.
  • Solo Mining: Decentralized power, censorship resistance, lower barrier to entry (though lower odds).

Mining pools are nice, yes, but they centralize power. Today however, a just few large pools dominate the vast majority of hash rate. This concentration creates a choke point, allowing a single point of failure, attack vectors, and censorship. Even with its long odds, solo mining is an indispensable counterweight. It's a vote for the original vision of Bitcoin: a peer-to-peer electronic cash system.

This bipartisan win is a huge blow to the centralization of Bitcoin mining! It’s a reminder that the “little guy” can still have an important role in helping to secure the network.

Why Should You Care? Really?

Okay, so you're not a Bitcoin miner. Well, why should you care about yet another random success story.

It matters, indeed, because it’s a canary in the coal mine. The battle for decentralized mining mirrors an ongoing battle for economic empowerment and individual freedom. If we allow Bitcoin mining to become completely controlled by a handful of powerful entities, we risk losing the very qualities that make Bitcoin so revolutionary.

Just picture a future in which a handful of mega corporations run the entirety of the Bitcoin network. They could:

  • Censor transactions.
  • Prioritize their own transactions.
  • Potentially even collude to manipulate the network.

That's not the future I want. And it certainly shouldn’t be the future you aspire to.

And that’s what it’s not just about Bitcoin — it’s about creating a more equitable and resilient future. That a niche hobbyist miner can still make a fortune is the case for the ongoing power of decentralization itself. Let's not let that power fade away. So here’s to hoping the spirit of the true underdog prevails!

  • Support projects like Solo CK that empower individual miners.
  • Educate yourself about the importance of decentralization.
  • Consider running a node to contribute to the health of the network.

This isn't just about Bitcoin; it's about building a more equitable and resilient future. The fact that a small-time miner can still strike gold is a testament to the enduring power of decentralization. Let's not let that power fade away. Let's keep the spirit of the underdog alive!