Another Solo Bitcoin Miner Beats the Odds, Winning $350K Jackpot

Ding Ding Ding – We have a winner!

Solo Rudar scored a prize of 3,173 BTC ($ 349.028) by the Bitcoin blocks 903,883 Late Thursday night. Winners like this do not come often; In fact, one expert says that the underdog of this little one will only win every eight years on average.

On Thursday night a happy winner was identified as use Only CKa non -profit service that enables bitcoin miners try to minimate solo blocks. Using Solo CK, Rudar paid a fee by 2%, but avoided the overhead costs needed to start the Bitcoin mining.

“Congratulations to the BC1Q ~ 9SJ3 Miners with 2.3PH on the solution of block number 301”, pseudonated Dr. CK, SOLO CK SOLO SOLO SOLO Insenters and Administrator Administrators, wrote on x. “The miner of this size has about 1 in 2800 chances to deal with blocks each day or once on average on average.”

To put it in a perspective, 2.3ph, briefly for pethashes, it manages as a rush of Bitcoin’s total number Estimated Hash -a rate of 881.11 Eh/sShort for exahash. It’s only 0.00026% hash rate. Compared to the HASH Hash, the USA, a mining pool previously treated by a block, solo miner still fades compared to only 0.000847% of 271.7 EH/S Hash Foundry.

Bitcoin miners Spend a computer power to deal with complex mathematical equations to find what is called “without”, which is short for the “number used once”. This number makes the block satisfy Bitcoin’s difficulty, which is constantly adjusting and allows the block to be added to Blockchain.

The miner was then awarded with a newly minted Bitcoin and the transactions for transactions included in that block. Bitcoin’s minization is the foundation evidence Consensible mechanism.

But it’s not like the old days – when hobbyists could make a bitcoin in their garages all their lives. Bitcoin mining is now industrialized, and companies use the full Asic machinery warehouses to compete for mining awards.

Mining solo and compete against massive block companies is quite difficult, and the prospects for actually winning the award are extremely low. Most solo miners who go to this route are joining with mining pools that combine the power of participants and share awards among them. Scott Norris, CEO of Independent Bitcoin Miner Optiminer, said Decipher That solo mining is “like playing a lottery”, despite some happy winners.

For a comparison, a US founder, an American miner pool, was awarded 304.576 BTC ($ 32.8 billion) throughout its history. Of 2014Solo CK users mined 5.222 BTCwhich is $ 594.9 million at today’s price-to-one, most of which were probably a one-off winner, not the same solo miner who won several times.

The previous miner used by Solo CK to successfully mining the block was four weeks ago, which merged 3.15 BTC Award, or approximately $ 330,300. We would have to come back before that three months For any solo CK wins.

Solo mining is set only to get harder, as the hash speed has been constantly increasing since it was first launched. For example, over the past year, the hash rate increased by 46% 599.41 EH/S to 881 EH/S.