An unbiased bitcoin miner working on Solo CKpool achieved a outstanding feat on Friday, efficiently mining a block and incomes a reward valued at almost $265,000.
The miner contributed simply six terahashes per second (TH/s), representing a minuscule 0.0000007% of the whole Bitcoin community hashrate, which just lately surpassed 855 exahashes per second (EH/s).
Excessive odds for small miners
CKpool creator Con Kolivas highlighted the statistical improbability of such an achievement, commenting:
“A miner of this dimension has solely a in 180 million likelihood of fixing a block every day!”
This occasion marks the 308th solo block mined utilizing CKpool software program since its launch in 2014, and the primary such block in roughly three months.
Solo mining pool mechanics
Solo.ckpool.org permits particular person miners to take part anonymously and maintain all the block reward, minus a 2% payment, in the event that they efficiently resolve a block.
Not like bigger mining swimming pools, solo miners face daunting odds however obtain the complete payout when profitable.
Comparability to previous solo mining wins
Friday’s win is arguably among the many luckiest in latest reminiscence.
In 2022, a solo miner landed a block with 126 TH/s, beating 1-in-1.3-million odds at a time when the community hashrate was a lot decrease, round 170 EH/s.
The most recent win, nevertheless, stands out because of the even smaller hashrate and longer odds concerned.
Ongoing rarity of solo wins
With the bitcoin mining problem and community hashrate at all-time highs, such solo victories stay uncommon exceptions in an more and more aggressive panorama.