$300 Solo Miner Hits $347K Bitcoin Block Jackpot
- $300 solo Bitcoin miner wins $347K reward after mining block 920,440 on October 23.
- Dormant 2009 wallet holding 4,000 BTC reactivates, moving $16.59M worth of coins.
- MVRV Z-Score at 26.76 shows balanced market as accumulation from institutions continues.
A solo Bitcoin miner using $300 has achieved a rare win, successfully mining block 920,440 worth about $347,455 on October 23, 2025. According to The Bitcoin Historian on X, the miner beat extraordinary odds to secure the full block reward, a feat that shows Bitcoin’s decentralized proof-of-work fairness. This occurred amid rising Bitcoin prices, which traded at $111,175 at press time, a 1.54% daily gain.
Solo Miner Beats the Odds
Data shows that the mined block contained 2,181 transactions and was processed through Public Pool. It carried total transaction fees of 0.016 BTC, about $1,787, with fee rates ranging between 0.21 and 79.7 sat/vB.
The block size reached 1.73 MB with a 3.99 MWU weight and a full 100% health rating. The miner earned a total of 3.141 BTC, combining both subsidy and fees. Notably, this is one of only nine solo mining successes recorded in 2025.
Bitcoin proof-of-work model rarely rewards individual miners due to intense competition from large-scale operators. These industrial setups, such as those run by Riot Blockchain, Marathon Digital, and Bit Digital, command massive computational power, giving them a consistent advantage in validating blocks.
Despite that dominance, occasional wins by solo miners show the decentralized principle of Bitcoin mining. Solo mining allows individuals to retain the entire block reward without sharing it through pool systems. However, it demands substantial electric power and hardware costs, and success depending heavily on luck and timing.
Related: What is Bitcoin Mining & How Long It Takes to Mine 1 BTC?
Rising Bitcoin Activity and Dormant Wallet Movements
The miner’s success coincided with growing activity in the Bitcoin network. According to Lookonchain, a miner wallet identified as 18eY9o, holding 4,000 BTC worth $442 million, recently became active after 14 years of dormancy.
The wallet transferred 150 BTC worth about $16.59 million. These coins were first mined in 2009 and added to the wallet in 2011. These movements reflect increased usage of blockchain since the market stabilizes after months of volatility, reflecting long-term and new users’ interest.
Market Metrics Reflect Stable Accumulation Phase
According to on-chain metrics, Bitcoin Market Value to Realized Value (MVRV) Z-Score is 26.76. This is much lower compared to overheated position 56.82, suggesting balanced market conditions. The score also is above the neutral range of 6.91, placing Bitcoin within a stable accumulation zone.
Source: TradingView
In the past, scores above 36 usually led investors to take profits, while those around 7 suggest Bitcoin is undervalued. The current level shows Bitcoin is stable, not too high or low. The Accumulation/Distribution (A/D) indicator sits at 12.8 million and has been rising since mid-June, showing that big investors and long-term holders keep buying.
Even with prices between $105,000 and $120,000, the steady A/D line means buying interest remains strong and selling has slowed. If Bitcoin stays above $111,000, it could test the $118,000–$120,000 range again, but dropping below that might trigger short-term dips.
The $300 solo miner’s unexpected win adds a real human touch to Bitcoin’s massive mining world. It happened at a time when wallet activity was picking up, accumulation stayed steady, and overall market data looked balanced—showing that even in a space dominated by big players, individual miners still matter in Bitcoin’s story.
