One solo Bitcoin miner has hit the jackpot. They mined an entire Bitcoin block using a fairly low-powered system and earned just under $35,000.
Bitcoin Historian Pete Rizzo said Solo miner “beat incredible odds” On Thursday, it took just 2.3 petahashes to solve the entire block. The Bitcoin mining pool CKpool administrator, who mined this block, congratulated and praised the miner. He also noted that it took only 2.3 petahashes for them to resolve the problem.
“A miner of this size has about a 1 in 2,800 chance of solving a block every day, or once every 8 years on average,” They said. This is a chance of approximately 0.004%.
According to Mempool Space, the miner solved block 903883 and received a subsidy of 3.173 BTC, or $349,028.
Solo mining rigs produce fewer terahashes per second
Although the specific specifications of the miner’s rig were not disclosed, it is possible that they used several older ASIC miners capable of producing 2.3 petahashes every second.
The Bitaxe Gamma or FutureBit Apollo BTC can produce only a few Terahashes per Second.
USB miners, such as NerdMiner Pro V2, are even smaller and can produce only kilohashes a second. They will be unlikely to get a jackpot block.
Related: How to mine Bitcoin at home in 2025
It would take around 166,000 TH/s in hashing power for a single miner to be able to reasonably have the chance of mining a Bitcoin block each month. It is the equivalent of almost 500 Antminer S21 Hydros, which cost millions in initial investment. reported Early in the year.
Previous solo jackpots
In February, a solo miner struck it big Block 883,181 also gave the 3,125 Bitcoin reward block, valued at over $300,000. Some speculated the miner used Bitaxe.
One more solo miner struck digital gold In early June, a miner successfully mined 899.826, earning $330,000 in reward. It was an even rarer event due to record network difficulties.
The hashrate does not guarantee success. The current difficulty level gives a chance of one block in approximately 375,300 for a miner using 2.3 PH/s. according SoloChance is a new way to play the game.
Mining production falls
In the meantime, Bitcoin mining production has grown. declined in June Riot Platforms Cipher Mining MARA Holdings and other major players are among them.
Many firms have strategically cut operations back in June in order to avoid expensive peak-demand charges that Texas imposes during the summer.
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Source: cointelegraph.com
