Hobbyist Miner Beats “1 in 180 Million Odds” to Win $265K Bitcoin Block Using Just One Old ASIC

by Heber Wilkinson

A lone Bitcoin miner running roughly 6 terahashes per 2d of hashpower — an amount so puny it barely registers on the network — mined a paunchy BTC block on Friday, earning 3.146 BTC plus costs rate virtually $265,000.

The feat became confirmed by Solo CK pool creator Con Kolivas, who well-known the miner had “easiest a one in 180 million probability” of fixing a block on any given day.

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The winning miner controls factual 0.0000007% of Bitcoin’s total network hashpower, which lately hit a document 855.7 exahashes per 2d.

The block is the 308th ever mined thru CKpool for the explanation that gadget launched in 2014, and the main in roughly three months. CKpool permits miners to solo mine whereas the usage of the pool’s infrastructure, which implies the winning take care of retains your total block reward minus a 2% charge.

Friday’s catch is with out doubt one of the necessary luckiest solo-mined blocks in fresh reminiscence. In 2022, a solo miner with 126 TH/s beat odds of roughly 1 in 1.3 million to stable a block, nonetheless the scale of Friday’s hole between miner dimension and network hashrate makes this most up-to-date final result device more not possible.

The winning pockets had submitted shares to the pool as usual, nonetheless with easiest 6 TH/s — the roughly hashrate produced by a single extinct-gen ASIC — the miner would no longer on the full inquire of to search out a block in a total bunch of years of exact mining.

Solo mining has turn out to be an increasing kind of rare as Bitcoin’s hashrate climbs, making the network more stable nonetheless reducing the prospect that puny miners can snatch a block.

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