Imagine a giant puzzle where people race to solve it first. Bitcoin mining is like that! Solo mining means one person tries to solve it alone, without help. It's hard but has big rewards.
Winning means getting new Bitcoins. It needs a super-powerful computer. Most people join 'pools' – groups of miners who share the work and winnings.
Solo mining is risky; it's like winning the lottery. It is difficult because many powerful computers are already competing.
- One person mines Bitcoin without help.
- Needs a very strong computer.
- Rewards are big if you win, but it's very hard.
- Most miners join groups for better chances.
| Aspect | Details |
|---|---|
| Difficulty | Very hard, like winning a lottery |
| Reward | New Bitcoins + transaction fees |
| Success rate | Low compared to group mining |
