Lucky Solo Miner With 11 PH/s Bags Bitcoin Block Reward Amid Giant Pools 

Recent insights reveal {that a} solo miner efficiently mined block 814,308 using a mere 11 petahash per second (PH/s) of mining energy. This feat was achieved by Solo Ckpool, a service for solo miners endowed with decrease hashrates or older, much less environment friendly {hardware}.

Solo Miner Finds Another Block in 2023; Unveils Unpredictable Vein of Bitcoin Mining

The realm of solo miners—entities mining bitcoin with out the help of behemoth swimming pools—has witnessed the invention of a number of blocks this 12 months. On October 28, 2023, Con Kolivas, a developer who manages Solo Ckpool announced {that a} lone bitcoin miner found block 814,308 wielding 11 PH/s of hashpower.

Unlike the colossal BTC mining swimming pools that share the spoils of most of as we speak’s block discovery, distinctive platforms like Ckpool are engineered to empower solo miners to carve their path independently. Although Ckpool boasts 3.1 exahash per second (EH/s) of hashpower, the state of affairs morphs when a solo miner strikes gold by mining a block.

Upon the profitable mining of a block subsidy, the lucky miner reaps 99% of the block reward, leaving different miners within the pool with empty arms. Just 72 days earlier, on the morning of August 18, 2023, Kolivas revealed that block top 803,821 had been mined by a solitary miner with just one PH/s of hashrate.

Kolivas additional famous {that a} miner with 1 PH/s has an opportunity of success as soon as each seven years to discover a block, given the community’s problem. Despite the stroke of fortune, one other miner discovered even higher luck in June, discovering block top 793,607 with solely 17 terahash per second (TH/s) of mining energy. At the time, Kolivas recommended the miner was doubtless utilizing an outdated Bitmain S9 unit.

Besides small miners with low hashrates, solo entities with considerably extra hashpower have been discovering blocks with out the help of giant swimming pools. In March 2023, a solo miner with 1 EH/s found block 782,845, and shortly thereafter, the identical solo miner with 1 EH/s of hashpower positioned block 782,867. By using strategies that allow solo miners to uncover profitable block subsidies, these uncommon cases are occurring extra sporadically.

The enchantment of solo mining swimming pools largely stems from the independence they afford to miners. The world of bitcoin mining is extra random and unpredictable than generally believed, with the invention of a block not at all times correlating immediately with a miner’s computational energy. Often, it’s a recreation of probability, much like a lucky particular person clinching victory with a single lottery ticket, in comparison with one other who’s bought a number of tickets to enhance his odds.

What do you consider solo miners discovering blocks among the many mining pool giants? Share your ideas and opinions about this topic within the feedback part under.