A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain and received a 6.5 Bitcoin (BTC) block reward in return. The estimated value of the payout is over $150,000.

The solo miner was also lucky to have produced a valid hash just after two days of the mining, as the event itself is rare and can take months for a solo miner to produce a valid hash.

The rare event occurred on March 10 and was only the 270th solo mined block in Bitcoin’s 13-year-long history. The event's rarity could be understood from the fact that a solo miner of this size will usually solve a block on average about once every 10 months.

The miner created a solo mining pool using the Solo CK Pool mining service, for which they produced a valid block hash and were rewarded with 6.25 BTC and a fee reward of roughly 0.63 BTC.

(By PRASHANT JHA)