With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward

1 year ago
With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward

On November 26, 2023, a changeable of singular luck befell a solo miner erstwhile they discovered artifact 818,588, verifying a full of 4,193 transactions. This accomplishment garnered the miner a full of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees.

Solo Miner’s Slim Odds Pay Off: Claims Bitcoin Block Reward With Mere 2 PH/s Hashrate

Echoing a similar event from the extremity of October, this miner, besides affiliated with Solo Ckpool, successfully mined the block. Ckpool is designed to enactment autarkic miners, allowing them to clasp the full artifact reward, dissimilar different pools wherever rewards are shared.

Con Kolivas, the developer overseeing Solo Ckpool, remarked that this was the 279th artifact successfully mined by the pool. He noted the rarity of specified an event, stating, “A miner of this size would lick a artifact connected mean lone erstwhile each 5 years,” underscoring the miner’s bonzer luck successful this instance.

For context, the Bitcoin network’s full hashpower stands astatine astir 488 exahash per 2nd (EH/s), oregon 488 quintillion hashes per second. In comparison, the solo miner’s publication of 2 PH/s, oregon 2 quadrillion hashes, represents a specified 0.0004% of the network’s corporate hashpower, highlighting the improbability of their success.

What bash you deliberation astir the solo miner discovering a artifact with specified a tiny magnitude of hashrate? Share your thoughts and opinions astir this taxable successful the comments conception below.

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