Solo bitcoin miner beats 1-in-180-million odds to land $265,000 block
Quick Take A solo CK pool miner contributing approximately 0.0000007% of the total Bitcoin network hashpower won a BTC block on Friday. This marks the first CK-mined block in about three months, and the 308th overall since the software launched in 2014.
An extremely small-scale Solo CK miner mined a Bitcoin block on Friday, earning 3.146 BTC plus fees equivalent to nearly $265,000 at current prices, according to onchain data.
The miner was supplying just six terahashes per second (TH/s) of computing power at the time the block was mined. For reference, a TH is equivalent to 1 trillion hashes per second, while the typical industry measurement of an exahash equals 1 quintillion hashes per second.
The Bitcoin network hit an average hashpower record of over 855.7 EH/s in October, according to The Block’s Hash Rate data. Six TH/s is roughly 7 billionths of 1% of 855 EH/s, or roughly 0.0000007%.
“A miner of this size has only a in 180 million chance of solving a block each day!” CKpool creator Con Kolivas said on X.
This marks the 308th solo block mined using CKpool software — and the first CK mined block in about three months. It could arguably be called the luckiest solo mined block in recent Bitcoin history: In 2022, a solo miner beat 1 in 1.3 million odds to discover a block using 126 TH/s of power when the Bitcoin hashrate stood around 170 EH/s.
Solo.ckpool.org , launched in 2014, is an anonymous solo mining pool for Bitcoin, where individual miners keep the full block reward if they successfully solve a block, minus a 2% fee.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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