Micro Bitcoin Miner Achieves Rare Block Discovery
- A $500 application-specific integrated circuit (ASIC) Nerdminer achieved a block discovery.
- The device operated at approximately 5 terahash per second (TH/s).
- Typically, finding a block with such low power would take over 3,500 years.
- The odds of success were against a network hash rate of around 960 exahash per second (EH/s).
This unexpected achievement by the small ASIC Nerdminer highlights the unpredictable nature of solo mining. The device managed to secure a block despite overwhelming odds and limited processing power.
The event underscores the potential for even low-powered devices to succeed in the competitive Bitcoin mining landscape, defying expectations and statistical probabilities. (Source)
