Solo Miner Defies Odds to Claim Bitcoin Block Reward
A solo miner recently experienced an extraordinary stroke of luck when they successfully mined block 818,588, validating 4,193 transactions. This achievement earned the miner a total of 6.887 BTC, including the 6.25 BTC subsidy and transaction fees.
Affiliated with Solo Ckpool
This miner, affiliated with Solo Ckpool, shares a resemblance to a similar event that occurred in late October. Solo Ckpool is a pool designed specifically for independent miners, allowing them to keep the entire reward of the mined block, unlike other pools where the rewards are divided among participants.
Rare Occurrence Recognized by Developer
Con Kolivas, the developer overseeing Solo Ckpool, acknowledged the rarity of such an event. He mentioned that this was the 279th block successfully mined by the pool, highlighting that a miner of this size typically solves a block only once every 5 years. This emphasizes the incredible luck of the miner in this instance.
Marginal Hashrate Contribution
The Bitcoin network’s total hashpower currently stands at around 488 exahash per second (EH/s), or 488 quintillion hashes per second. In contrast, the solo miner’s contribution of 2 PH/s, or 2 quadrillion hashes, represents a mere 0.0004% of the network’s combined hashpower. This highlights the highly improbable nature of their success.
Hot Take: Extraordinary Luck for Solo Miner
Against all odds, a solo miner defied expectations and claimed a Bitcoin block reward. With a significantly smaller hashrate compared to the vast network, this miner’s stroke of luck is truly remarkable. This event showcases the unpredictability and potential for high rewards in the world of cryptocurrency mining. It serves as a reminder that even with seemingly slim chances, you have the opportunity to strike gold in the crypto mining arena.
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