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Thursday, November 21, 2024
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    HomeMarketSolo Bitcoin Miner Beats Odds of Successful 6.25 BTC Block Reward

    Solo Bitcoin Miner Beats Odds of Successful 6.25 BTC Block Reward


    • A solo Bitcoin miner gained the block reward of 6.25 BTC after beating the percentages of fixing block 793607.
    • The miner would have used an Antminer S9 with round 17 TH.
    • With the present issue of Bitcoin mining and with 17 TH, a solo miner would wish a median of 450 years to land a block.

    With the value of Bitcoin struggling under $26,000 and the broader crypto market impacted by latest regulatory occasions, there was little or no to encourage Bitcoiners.

    However for a solo BTC miner, an opportunity landed them gold by incomes a block reward. In keeping with on-chain information, the miner beat staggering odds to mine block 793607 and earn the block reward of 6.25 BTC.

    A BTC miner with a single Antminer S9 wins the jackpot

    The solo miner reportedly achieved the once-in-a-lifetime feat utilizing a single Antminer S9 and was solely 17 terahashes (TH). Their “lottery” win was price round $160,000 on the time of the block reward.

    Congratulations to miner 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD with solely ~17TH for fixing the 275th block at http://solo.ckpool.org! That is in all probability a single S9 miner. A miner of this dimension would solely resolve a block as soon as each ~450 years on common“, tweeted Con Kolivas, CGMiner software program engineer and administrator of Solo CKPool.

    See also  social media persona Andrew Tate charged with rape; Bitcoin Seized by Authorities - Particulars

    This is not the primary time a solo miner has gained such a jackpot, with CKPool apparently seeing Seven such instances since January. Nevertheless, the exploit is more and more tough as Bitcoin hashrate and mining issue have elevated.

    In keeping with information from Blockchain.com, the present Bitcoin mining issue is 51.23 trillion hashes. Mining issue seems at how exhausting it’s to mine the following block, i.e. what number of hashes a miner must generate to seek out and resolve a legitimate block. The present issue is at its highest stage and most blocks have been solved by main mining swimming pools and corporations.

    The problem adjusts each 2016 blocks (about two weeks) and may go up or down. The following adjustment due on June 14 will see the problem bounce round 2.92% to 52.73T.

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