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A single Bitcoin (
$76,387.00 ) miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin ( $76,387.00 ) blockchain, taking home 6.25 BTC ($266,000) for their efforts.
The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hashrate capacity of 126 TH/s. According to a Jan 11 tweet from Solo admin, Dr. Con Kolivas it’s equivalent to about 0.000072% of the total Bitcoin ( $76,387.00 ) (BTC) network hashrate — which is 175,000,000 TH/s (175 EH/s).
Bitcoin ( $76,387.00 ) mining expert and member of the Bitcoin ( $76,387.00 ) Mining Council (BMC) Hass McCook told Cointelegraph that he has never heard of anything like it, adding that “to say this is very rare is an understatement.”
“Usually, having 0.000072% of the hashrate means that, on average, Solo CK will win 0.000072% of the blocks, or, about 1 in 1,400,000,” he explained.
“Everything in Bitcoin ( $76,387.00 ) is probabilistic, even transaction settlement. The more confirmations you have on your tx, the less likely it will be reversed.”
Related: How to mine Bitcoin ( $76,387.00 ) : A beginners guide to mine BTC
According to McCook, the miner could’ve been using a single machine. “The Antminer S19 is a 110TH/s machine, so Solo CK could have even been mining with just one overclocked rig! More likely it was 5 or 6 Antminer S9 units. Either way, it could very easily be a home miner,” he said.
A machine’s hashrate refers to how many hashes, or mathematical equations, it can solve per second. On average, a new BTC block is mined every ten minutes. Dr. Con Kolivas estimated the chances weren’t quite so high, with a 1 in 10,000 chance of finding a block per day with that hasbut added the miner probably wouldn’t repeat the feat.
“For the miner involved it’s a once in a lifetime chance,” Kolivas wrote.
“It’s usually larger miners that solve blocks statistically but there is no reason even the smallest miner can’t solve one.”
He noted a small miner in his pool had solved a block about one year ago.
