One other solo Bitcoin miner has simply hit the jackpot, mining a complete Bitcoin block with a comparatively low-powered rig and netting themselves slightly below $350,000 in Bitcoin.
Bitcoin historian Pete Rizzo said the solo miner “beat unbelievable odds” on Thursday to mine a complete block. The administrator of the Bitcoin mining pool CKpool, the place the block was mined, congratulated the fortunate miner, including that they used simply 2.3 petahashes to resolve it.
“A miner of this measurement has a few 1 in 2,800 likelihood of fixing a block day by day, or as soon as each 8 years on common,” they stated. (It’s an roughly 0.004% likelihood.)
In line with Mempool Area, the miner solved block 903883 and obtained a subsidy of 3.173 BTC, or $349,028.
Solo mining rigs produce fewer terahashes per second
Whereas the precise specs of the miner’s rig are unknown, they might have been utilizing a number of older-generation ASIC miners, which might produce 2.3 petahashes per second of hashpower.
Smaller hobbyist solo miners such because the Bitaxe Gamma, FutureBit Apollo BTC, or Canaan Avalon Nano 3, can solely produce few terahashes per second.
Smaller nonetheless, USB miners such because the NerdMiner Professional v2 can solely produce kilohashes per second and are impossible to hit the jackpot on a full block.
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To have an inexpensive likelihood of mining one Bitcoin block per 30 days, a solo miner would want round 166,000 TH/s of hash energy. That is equal to nearly 500 Antminer S21 Hydro models, which might price hundreds of thousands of {dollars} in upfront funding, Cointelegraph reported earlier this yr.
Earlier solo jackpots
In February, a solo miner struck it big on block 883,181, which additionally yielded the three.125 Bitcoin block reward, price over $300,000 on the time. It was speculated that the fortunate miner could have used a Bitaxe.
One other solo miner struck digital gold in early June, efficiently mining 899,826, incomes a reward price $330,000, which was even rarer amid record-high community issue.
With solo mining, hashrate doesn’t essentially assure success, as it’s pure chance. A solo miner with 2.3 PH/s has roughly one in 375,300 likelihood per block at present issue ranges, according to SoloChance.
Mining manufacturing falls
In the meantime, industrial Bitcoin mining output has declined in June for some main gamers, together with Riot Platforms, Cipher Mining and MARA Holdings.
A number of corporations strategically curtailed operations in June to keep away from expensive peak demand fees in Texas, the place tariffs are utilized throughout summer time months.
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