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A single bitcoin miner of the solo ck mining pool challenged the chances after successfully adding a new block on the bitcoin blockchain, take home 6.25 btc ($266,000) for their efforts.
the lucky miner, who may have been mining on just one or two machines, solved a block with their modest hashrate capacity of 126 th/s. according to a jan 11 tweet from solo admin, dr. con kolivas it’s equivalent to about 0.000072% of the total bitcoin (btc) network hashrate — which is 175,000,000 th/s (175 eh/s).
Bitcoin mining expert and member of the bitcoin mining council (bmc) hass mccook says cointelegraph that he has never heard of anything like it, adding that "to say it's very uncommon is an understatement."
"Usually having 0.000072% of the hashrate means that, on average, Solo CK will earn 0.000072% of the blocks, or, about 1 out of 1,400,000," he explained.
“everything in bitcoin is probabilistic, even transaction settlement. the more confirmations you have on your tx, the less likely it will be reversed.”
related: how to mine bitcoin: a beginners guide to mine btc
according to mccook, the miner could’ve been using a single machine. "Antminer s19 is a 110th/s machine, so Ck alone could even operate with a single overclocked platform! It is more likely that it was five or six units of wood. Either way, he could very easily be a home miner," he said.
The hashrate of a machine is the number of hashes, or mathematical equations, which it can solve per second. An average of one new block of BTC is extracted every 10 minutes. Dr. con kolivas estimated the chances weren't quite so high, with a 1 in 10,000 chance of finding a block per day with that hasbut added the miner probably wouldn’t repeat the feat.
"For the miner involved this is a unique opportunity in a lifetime," Kolivas writes.
“it's usually larger miners that solve blocks statistically but there is no reason even the smallest miner can't solve one.”
He noted a small miner in his pool had solved a block about a year ago.
