Solo Bitcoin miner beats the odds and earns $130,000 in BTC by solving a block

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As the cryptocurrency industry continues to grow, mining has become a popular way to earn cryptocurrencies such as Bitcoin (BTC), with one solo miner having some luck using a rig. -Bitcoin mining form of only 10 TH/s, possibly consisting of only four USB sticks. .

Specifically, the person using this mining rig beat the odds and became the first to add block 772,793 to the Bitcoin blockchain, directly rewarding them with 6.25 BTC (worth over 130,000 $ at the time), user Willi9974 wrote on BitcoinTalk shortly after the block was resolved on January 20.

Block mined by lucky solo miner. Source: BTC.com

Notably, 98% of the total 6.35939231 BTC allowed block rewards and fees went to the miner, while the remaining 2% was directed to the Solo CK pool, an online mining platform that facilitates mining in solo.

Beat the odds

Although the odds of adding a block as a solo miner depend on how many hashes a rig computes per second out of the total hashes of all machines on the network, this lucky miner hit it hard with only 10 terahashes per second (TH/s).

This accumulated power is the result of the combined four tiny miners, possibly USB drives, each costing around $200 and having a hash rate of around 3 TH/s. In other words, the odds of that person succeeding in the business was one in 26.9 million.

Various Bitcoin Mining Methods

It is also worth mentioning that various alternatives to Bitcoin mining using Graphics Processing Units (GPUs) and Central Processing Units (CPUs) have been developed, including hard disk mining, 5G mining, ASIC mining, and Equihash mining, as reported by Finbold.

At the same time, the prevalence of Bitcoin mining and growing concern about the negative effect of the Proof-of-Work (PoW) validation algorithm on the environment has resulted in mining operations using greener resources.

For example, construction of the Americas first nuclear-powered bitcoin mining data center was recently completed in northeastern Pennsylvania, while Virunga National Park in eastern Congo is mining bitcoin using hydroelectricity.

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