Ah, the eternal conundrum: to mine or not to mine? And then, of course, there’s the small matter of actually hitting the jackpot. Well, one plucky solo Bitcoin miner has just done the unthinkable, netting a cool $350,000 in Bitcoin with a rig that’s about as powerful as a decent gaming PC. 💸
According to the venerable Bitcoin historian Pete Rizzo, our hero “beat incredible odds” to mine an entire block. We’re talking 1 in 2,800 chance of solving a block every day, or once every 8 years on average. That’s like finding a needle in a haystack, or a decent Wi-Fi signal in a Moscow café. 📊
The administrator of the Bitcoin mining pool CKpool, where the block was mined, congratulated the lucky miner, adding that they used a mere 2.3 petahashes to solve it. To put that into perspective, that’s like trying to crack a safe with a toothpick. 🔓
According to Mempool Space, the miner solved block 903883 and received a subsidy of 3.173 BTC, or $349,028. Not bad for a day’s work, eh? 🤑
The Secret to Their Success (or Was It Just Dumb Luck?)
While we don’t know the exact specs of the miner’s rig, it’s possible they were using several older-generation ASIC miners, which can produce 2.3 petahashes per second of hashpower. That’s like having a team of highly trained hamsters running on wheels to generate electricity. 🐹
Smaller hobbyist solo miners, on the other hand, are about as effective as a chocolate teapot. The Bitaxe Gamma, FutureBit Apollo BTC, or Canaan Avalon Nano 3 can only produce a few terahashes per second. And don’t even get me started on USB miners like the NerdMiner Pro v2, which can only produce kilohashes per second. That’s like trying to mine Bitcoin with a toy shovel. 🌟
To have a reasonable chance of mining one Bitcoin block per month, a solo miner would need around 166,000 TH/s of hash power. That’s equivalent to almost 500 Antminer S21 Hydro units, which would cost millions of dollars in upfront investment. So, unless you’re a Russian oligarch or a tech mogul, you might want to stick to playing the lottery. 🎲
Previous Solo Jackpots (or How to Get Rich Quick)
This isn’t the first time a solo miner has struck it big, of course. In February, a solo miner hit the jackpot on block 883,181, netting a cool $300,000. And in early June, another solo miner successfully mined block 899,826, earning a reward worth $330,000. It’s like they say: you’ve got to be in it to win it! 🤑
With solo mining, hashrate doesn’t necessarily guarantee success, as it’s pure probability. A solo miner with 2.3 PH/s has roughly one in 375,300 chance per block at current difficulty levels, according to SoloChance. So, if you’re feeling lucky, go ahead and give it a shot! 🤞
Mining Production Falls (or the Party’s Over)
Meanwhile, industrial Bitcoin mining output has declined in June for some major players, including Riot Platforms, Cipher Mining, and MARA Holdings. It’s like the party’s over, and everyone’s going home. 🎉
Several firms strategically curtailed operations in June to avoid costly peak demand charges in Texas, where tariffs are applied during summer months. Because who needs Bitcoin when you’ve got air conditioning? ❄️
Read More
- God Of War: Sons Of Sparta – Interactive Map
- Poppy Playtime Chapter 5: Engineering Workshop Locker Keypad Code Guide
- Poppy Playtime 5: Battery Locations & Locker Code for Huggy Escape Room
- Poppy Playtime Chapter 5: Emoji Keypad Code in Conditioning
- Someone Made a SNES-Like Version of Super Mario Bros. Wonder, and You Can Play it for Free
- Why Aave is Making Waves with $1B in Tokenized Assets – You Won’t Believe This!
- Who Is the Information Broker in The Sims 4?
- One Piece Chapter 1175 Preview, Release Date, And What To Expect
- How to Unlock & Visit Town Square in Cookie Run: Kingdom
- All Kamurocho Locker Keys in Yakuza Kiwami 3
2025-07-04 08:54