Solo Bitcoin miner beats the odds to win 6.25 BTC block reward

Mining

• A solo Bitcoin miner earned the 6.25 BTC block reward after beating the percentages to resolve block 793607.
• The miner reportedly used an Antminer S9 with about 17 TH.
• At at present’s Bitcoin mining problem and with 17 TH, a solo miner would want a median of 450 years to land a block.

With Bitcoin value struggling under $26,000, and the broader crypto market impacted by current regulatory occasions, there’s has been little or no to cheer Bitcoiners.

However for a solo BTC miner, a fortunate break had them strike gold with the successful of a block reward. In accordance with on-chain knowledge, the miner beat staggering odds to mine block 793607 and earn the 6.25 BTC block reward.

BTC miner with single Antminer S9 hits jackpot

The solo miner reportedly achieved the once-in-a-life-time feat utilizing a single Antminer S9 and accounted for under 17 terahashes (TH). Their “lottery” win was price about $160,000 on the time of block reward.

“Congratulations to miner 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD with solely ~17TH for fixing the 275th block at http://solo.ckpool.org! That’s doubtless a single S9 miner. A miner of this dimension would solely resolve a block as soon as each ~450 years on common,” tweeted Con Kolivas, a CGMiner software program engineer and the admin of Solo CKPool.

It’s not the primary time a solo miner has hit such a jackpot, with CKPool apparently seeing seven such cases since January. Nevertheless, the feat is more and more troublesome because the Bitcoin hashrate and mining problem have elevated.

In accordance with knowledge from Blockchain.com, the present Bitcoin mining problem is 51.23 trillion hashes. Mining problem seems to be at how troublesome it’s to mine the following block, that’s what number of hashes a miner should generate to search out and resolve a sound block. The present problem is at all-time highs and has most blocks solved by main mining swimming pools and firms.

The issue adjusts each 2016 blocks (about two weeks’ time) and might go up or down. The subsequent adjustment anticipated on June 14 will see the problem bounce by about 2.92% to 52.73 T.