Tiny Bitcoin miner defies massive odds to solve a valid block

2 years ago

Despite having a humble hashrate capableness of astir 126 TH/s, the fortunate miner won the crypto equivalent of the lottery and took location 6.25 BTC worthy astir $266,000.

Tiny Bitcoin miner defies monolithic  likelihood  to lick  a valid block

A azygous Bitcoin miner from the Solo CK mining excavation has defied the likelihood aft successfully adding a caller artifact connected the Bitcoin blockchain, taking location 6.25 BTC ($266,000) for their efforts.

The fortunate miner, who whitethorn person been mining connected conscionable 1 oregon 2 machines, solved a block with their humble hashrate capableness of 126 TH/s. According to a Jan 11 tweet from Solo admin, Dr. Con Kolivas it’s equivalent to astir 0.000072% of the full Bitcoin (BTC) web hashrate — which is 175,000,000 TH/s (175 EH/s).

Bitcoin mining adept and subordinate of the Bitcoin Mining Council (BMC) Hass McCook told Cointelegraph that helium has ne'er heard of thing similar it, adding that “to accidental this is precise uncommon is an understatement.”

“Usually, having 0.000072% of the hashrate means that, connected average, Solo CK volition triumph 0.000072% of the blocks, or, astir 1 successful 1,400,000,” helium explained.

“Everything successful Bitcoin is probabilistic, adjacent transaction settlement. The much confirmations you person connected your tx, the little apt it volition beryllium reversed.”

Related: How to excavation Bitcoin: A beginners usher to excavation BTC

According to McCook, the miner could’ve been utilizing a azygous machine. “The Antminer S19 is simply a 110TH/s machine, truthful Solo CK could person adjacent been mining with conscionable 1 overclocked rig! More apt it was 5 oregon 6 Antminer S9 units. Either way, it could precise easy beryllium a location miner,” helium said.

A machine’s hashrate refers to however galore hashes, oregon mathematical equations, it tin lick per second. On average, a caller BTC artifact is mined each 10 minutes. Dr. Con Kolivas estimated the chances weren't rather truthful high,  with a 1 successful 10,000 accidental of uncovering a artifact per time with that hasbut added the miner astir apt wouldn’t repetition the feat.

“For the miner progressive it's a erstwhile successful a beingness chance,” Kolivas wrote.

“It's usually larger miners that lick blocks statistically but determination is nary crushed adjacent the smallest miner can't lick one.”

He noted a tiny miner successful his excavation had solved a artifact astir 1 twelvemonth ago.

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