Bitcoin solo miner banks $350K with 2.3 petahash in ‘incredible odds’

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Another solo Bitcoin miner has conscionable deed the jackpot, mining an full Bitcoin artifact with a comparatively low-powered rig and netting themselves conscionable nether $350,000 successful Bitcoin.

Bitcoin historiographer Pete Rizzo said the solo miner “beat unthinkable odds” connected Thursday to excavation an full block. The head of the Bitcoin mining excavation CKpool, wherever the artifact was mined, congratulated the fortunate miner, adding that they utilized conscionable 2.3 petahashes to lick it.

“A miner of this size has astir a 1 successful 2,800 accidental of solving a artifact each day, oregon erstwhile each 8 years connected average,” they said. (It’s an astir 0.004% chance.)

According to Mempool Space, the miner solved artifact 903883 and received a subsidy of ‎3.173 BTC, oregon $349,028.

Solo mining rigs

While the nonstop specifications of the miner’s rig are unknown, they whitethorn person been utilizing respective older-generation ASIC miners, which tin nutrient 2.3 petahashes per 2nd of hashpower.

Smaller hobbyist solo miners specified arsenic the Bitaxe Gamma, FutureBit Apollo BTC, oregon Canaan Avalon Nano 3, tin lone nutrient a fewer terahashes per second.

Smaller still, USB miners specified arsenic the NerdMiner Pro v2 tin lone nutrient kilohashes per 2nd and are precise improbable to deed the jackpot connected a afloat block.

To person a tenable accidental of mining 1 Bitcoin artifact per month, a solo miner would request astir 166,000 TH/s of hash power. This is equivalent to astir 500 Antminer S21 Hydro units, which would outgo millions of dollars successful upfront investment, Cointelegraph reported earlier this year.

Previous solo jackpots

In February, a solo miner struck it big connected artifact 883,181, which besides yielded the 3.125 Bitcoin artifact reward, worthy implicit $300,000 astatine the time. It was speculated that the fortunate miner whitethorn person utilized a Bitaxe.

Another solo miner struck integer gold successful aboriginal June, successfully mining 899,826, earning a reward worthy $330,000, which was adjacent rarer amid record-high web difficulty.

With solo mining, hashrate doesn’t needfully warrant success, arsenic it is axenic probability. A solo miner with 2.3 PH/s has astir 1 successful 375,300 accidental per artifact astatine existent trouble levels, according to SoloChance.

Mining accumulation falls

Meanwhile, concern Bitcoin mining output has declined successful June for immoderate large players, including Riot Platforms, Cipher Mining and MARA Holdings.

Several firms strategically curtailed operations successful June to debar costly highest request charges successful Texas, wherever tariffs are applied during summertime months.

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