2 years ago
An idiosyncratic miner defied the likelihood and managed to cod 168 ETH from a solo mining excavation this week worthy 42 times the mean artifact reward.
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An idiosyncratic Ether (ETH) miner struck it large by mining a artifact connected their ain and receiving a reward valued astatine astir $540,000.
The miner was operating done the 2miners Ethereum SOLO excavation connected Jan. 17 erstwhile they mined an full artifact and received 168 ETH. That reward vastly outstrips the per-block mean reward of astir 4 ETH according to BitInfoCharts.
Adding to the singular quality of the reward is the size and hash powerfulness of the SOLO pool. It is comparatively tiny with 854 miners online and 1.5 Tera hashes per 2nd astatine clip of writing, meaning that the mean miner contributes 1.85 Giga hashes per second. The fortunate miner presently contributes 2.25 Giga hashes per 2nd which could beryllium generated betwixt 1 to 20 of the latest GPU devices.
Hash powerfulness is the magnitude of machine processing powerfulness a instrumentality contributes to a Proof-of-Work blockchain similar Ethereum and Bitcoin. More hashpower helps unafraid the web by processing transactions and mining blocks.
The fortunate jackpot connected the Ethereum web marks the 3rd clip successful 2 weeks that an individual crypto miner has deed the large time. A Bitcoin (BTC) miner from the Solo CK anonymous solo mining cognition raked successful 6.25 BTC for mining an full artifact connected their ain connected Jan. 11.
Two days later, another solo miner utilizing Solo CK again mined a caller artifact connected Bitcoin with lone 1 to 3 rigs.
Each miner had a 1 successful 1,400,000 accidental of mining an full block, and the chances of 2 tiny miners managing the aforesaid feat successful the aforesaid week person been estimated astatine 1 successful a billion.
Average regular Ethereum mining profitability has been connected a diminution since it spiked to an each clip precocious of $0.282 connected May 12, 2021. Average profitability is present astir $0.0474 according to BitInfoCharts. This is partly owed to EIP-1559 which burns fees alternatively than distributing them to miners.
Related: Ethereum’s EIP-1559 upgrade launches connected Polygon to pain MATIC
A jackpot reward similar the 1 earlier this week whitethorn beryllium consigned to the past erstwhile the Ethereum web completes “the Merge,” referring to its determination to a Proof-of-Stake (POS) statement algorithm. With POS, web stableness is maintained by staking tokens. This volition trim the electrical assets requirements of the network.
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