Statistics indicate that a miner of that size would solve a Bitcoin block only once in five years
A miner achieved the feat of alone mining a block of Bitcoin and keeping the entire block reward (6.25 BTC) plus network fees (0.637 BTC), profiting around R$1.25 million in the operation.
The block in which this occurred was 818,588, mined last Sunday (26) as announced on X Con Kolivas, the creator of the Solo CK pool — of which the lucky miner is part.
Solo CK is different from traditional mining pools that equally distribute rewards among all participating miners when a block is found. On the rare occasion that an independent Solo CK miner finds a block, the reward goes entirely to him.
This mining pool is generally used by miners with more limited computing capacity, who would have difficulty competing with large pools and companies in Bitcoin mining.
In the weekend operation, for example, Kolivas said that a miner of that size would solve a Bitcoin block, on average, only once every five years. This is because the computational power of this miner was 2 PH/s (petahashes per second).
When asked by a user how much a 2 PH/s operation would cost, Kolivas said it would be “at least US$30,000 plus operational costs”.
“Congratulations to miner 15VYcdhWXB2tpKmFHKT9DcGLWDQJQ2XMJW with 2PH for solving the 279th soil block in the Solo CK Pool,” Kolivas wrote.
The lucky miner's address now has a balance of 13.49801219 BTC, equivalent to R$2.4 million.
Other Lucky Bitcoin Miners
In August this year, another lucky Bitcoin miner also defied the odds by solving a block alone and winning R$800,000 in BTC. The feat depended on just 1 PH/s in computational power.
At the current difficulty of Bitcoin mining, Kolivas said at the time, “a miner of this size would only solve a block on average once every 7 years.”
In June, luck was also on the side of another bitcoiner who used a single piece of equipment to find a solution for a Bitcoin block and earned a profit worth 6 BTCs — also around R$800,000 at the time.
At the time, Kolivas found that the miner was executing a modest ~17 terahashes per second (TH/s), probably on a single Antminer Bitmain S9, a model launched in 2017.
With this feat, he surpassed the chance of 1:5,500 by accomplishing something that, according to statistics, would take 450 years to happen.
In March, another solo miner used the service to solve Bitcoin block 780,112 and earn a reward of 6.25 BTC, about $148,000 at the time.
It is worth remembering that individual miners enjoy much fewer resources than the main industrial-scale cryptocurrency mining pools.
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