Hobbyist Miner Wins $265K Bitcoin Block Against Incredible Odds
- A lone miner operating at just 6 terahashes per second successfully mined a full BTC block on Friday.
- The miner earned a total of 3.146 BTC plus fees, amounting to nearly $265,000.
- This achievement had odds of approximately 1 in 180 million, according to CK pool creator Con Kolivas.
- The winning miner controlled just 0.0000007% of Bitcoin’s total network hashpower, which recently reached a record 855.7 exahashes per second.
- This block marks the 308th mined through CKpool since its launch in 2014, and the first in nearly three months.
Solo mining has become increasingly rare as Bitcoin’s hashrate increases, making it less likely for small miners to secure blocks. This miner’s success highlights the extreme luck involved in solo mining within the current network conditions.
The recent win demonstrates that even with minimal resources, such as a single old-gen ASIC, a miner can still achieve significant rewards against overwhelming odds, as seen with their earning of over $265,000 from this block.(Source)
