One other solo Bitcoin miner has simply hit the jackpot, mining a whole Bitcoin block with a comparatively low-powered rig and netting themselves just below $350,000 in Bitcoin.
Bitcoin historian Pete Rizzo mentioned the solo miner “beat unimaginable odds” on Thursday to mine a whole 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-after-day, or as soon as each 8 years on common,” they mentioned. (It’s an roughly 0.004% likelihood.)
In accordance with Mempool Area, the miner solved block 903883 and obtained a subsidy of 3.173 BTC, or $349,028.
Solo mining rigs
Whereas the precise specs of the miner’s rig are unknown, they might have been utilizing a number of older-generation ASIC miners, which may 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 just a 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 affordable likelihood of mining one Bitcoin block monthly, a solo miner would wish round 166,000 TH/s of hash energy. That is equal to virtually 500 Antminer S21 Hydro models, which might price thousands and thousands of {dollars} in upfront funding, Cointelegraph reported earlier this 12 months.
Earlier solo jackpots
In February, a solo miner struck it huge 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 problem.
With solo mining, hashrate doesn’t essentially assure success, as it’s pure likelihood. A solo miner with 2.3 PH/s has roughly one in 375,300 likelihood per block at present problem ranges, in line with 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 companies strategically curtailed operations in June to keep away from pricey peak demand fees in Texas, the place tariffs are utilized throughout summer time months.
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