‘1 in a billion’: Second tiny miner solves a block

‘1 in a billion’: Second tiny miner solves a block
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In an amazing twist of events, two lucky miners from the solo ck mining pool challenged every chance and added a new block on the bitcoin blockchain in the same week.

on monday, a tiny miner successfully solved a block with a modest hash rate capacity of 126 terahashes per second (th/s). Bitcoin mining expert and member of the Bitcoin mining council hass mccook said cointelegraph at the time that the odds of what's happening were 1 in 1,400,000.

but according to a jan 13 tweet from solo admin con kolivas, another miner from the same pool was able to solve a block with a capacity of only 116 terahashes per second (th/s) — even less than the first miner. There are likely to be only one or three mining rigs, depending on the equipment used.

Kolivas said the new miner joined the pool less than two days ago, "probably in response to the other lucky block solver."

"They had an astronomical chance to solve a bouldering solo in that time," he wrote.

“this is insane luck at work, and a very unusual event.”

'Perhaps that is a euphemism. Mccook told cointelegraph that the odds of what is happening are so unlikely, he doesn't know how to even mathematically calculate them.

He suggested that such a minor miner's chances of success were one in a million, so two success just a few days apart would be at least one in a billion.

related: tiny bitcoin miner defies massive odds to solve a valid block

When the first miner managed to solve a block, McCook said, "To say that this is very rare is a euphemism."

Each of the miners, who may have been mining on a single or two machines, will carry home 6.25 Bitcoin (BTC) ($266,000) for their efforts.