{"id":392814,"date":"2022-01-12T07:16:45","date_gmt":"2022-01-12T04:16:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiny-bitcoin-miner-defies-massive-odds-to-solve-a-valid-block\/"},"modified":"2022-01-12T07:16:45","modified_gmt":"2022-01-12T04:16:45","slug":"tiny-bitcoin-miner-defies-massive-odds-to-solve-a-valid-block","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiny-bitcoin-miner-defies-massive-odds-to-solve-a-valid-block\/","title":{"rendered":"# Tiny Bitcoin miner defies massive odds to solve a valid block"},"content":{"rendered":"

“# Tiny Bitcoin miner defies massive odds to solve a valid block <\/strong>”
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A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. <\/p>\n

The lucky miner, who may have been mining on just one or two machines, solved a block<\/a> with their modest hashrate capacity of 126 TH\/s. According to a Jan 11 tweet<\/a> from Solo admin, Dr. Con Kolivas it\u2019s equivalent to about 0.000072% of the total Bitcoin (BTC) network hashrate \u2014 which is 175,000,000 TH\/s (175 EH\/s). <\/p>\n

Bitcoin mining expert and member of the Bitcoin Mining Council (BMC) Hass McCook told Cointelegraph that he has never heard of anything like it, adding that \u201cto say this is very rare is an understatement.\u201d<\/p>\n

\u201cUsually, having 0.000072% of the hashrate means that, on average, Solo CK will win 0.000072% of the blocks, or, about 1 in 1,400,000,\u201d he explained. <\/p>\n

\u201cEverything in Bitcoin is probabilistic, even transaction settlement. The more confirmations you have on your tx, the less likely it will be reversed.\u201d <\/p><\/blockquote>\n

Related: <\/em><\/strong>How to mine Bitcoin: A beginners guide to mine BTC<\/em><\/strong><\/p>\n

According to McCook, the miner could\u2019ve been using a single machine. \u201cThe Antminer S19 is a 110TH\/s machine, so Solo CK could have even been mining with just one overclocked rig! More likely it was 5 or 6 Antminer S9 units. Either way, it could very easily be a home miner,\u201d he said. <\/p>\n

A machine\u2019s hashrate refers to how many hashes, or mathematical equations, it can solve per second. On average, a new BTC block is mined every ten minutes. Dr. Con Kolivas estimated the chances weren’t quite so high,\u00a0 with a 1 in 10,000 chance of finding a block per day with that hasbut added the miner probably wouldn\u2019t repeat the feat. <\/p>\n

\u201cFor the miner involved it’s a once in a lifetime chance,\u201d Kolivas wrote. <\/p>\n

\u201cIt’s usually larger miners that solve blocks statistically but there is no reason even the smallest miner can’t solve one.\u201d<\/p><\/blockquote>\n

He noted a small miner in his pool had solved a block about one year ago.<\/p>\n<\/div>\n