{"id":393369,"date":"2022-01-13T09:03:01","date_gmt":"2022-01-13T06:03:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/1-in-a-billion-second-tiny-miner-solves-a-block\/"},"modified":"2022-01-13T09:03:01","modified_gmt":"2022-01-13T06:03:01","slug":"1-in-a-billion-second-tiny-miner-solves-a-block","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/1-in-a-billion-second-tiny-miner-solves-a-block\/","title":{"rendered":"# \u20181 in a billion\u2019: Second tiny miner solves a block"},"content":{"rendered":"

“# \u20181 in a billion\u2019: Second tiny miner solves a block <\/strong>”
\n<\/p>\n

In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. <\/p>\n

On Monday, a tiny miner successfully solved a block<\/a> with a modest hash rate capacity of 126 terahashes per second (TH\/s). Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph at the time that the odds of this happ<\/a>ening were 1 in 1,400,000.<\/p>\n

But according to a Jan 13 tweet from Solo admin Con Kolivas, another miner from the same pool was able to solve a block<\/a> with a capacity of only 116 terahashes per second (TH\/s) \u2014 even less than the first miner. That\u2019s likely to be just one to three mining rigs, depending on the equipment used. <\/p>\n

Kolivas added that the new miner joined the pool less than two days ago, \u201cpresumably in response to the other lucky block solver.\u201d<\/p>\n

\u201cThey’ve been astronomically lucky in solving a block solo in that time,\u201d he wrote.<\/p>\n

\u201cThis is insane luck at work, and a very unusual event.\u201d<\/p><\/blockquote>\n

‘Insane luck’ might even be an understatement. McCook told Cointelegraph that the odds of this happening are so unlikely, he is unsure of how to even mathematically calculate them. <\/p>\n

He suggested that the odds of such a small miner succeeding once was one in a million, so two successes just a few days apart would be at least one in a billion.<\/p>\n

Related: <\/em><\/strong>Tiny Bitcoin miner defies massive odds to solve a valid block<\/em><\/strong><\/p>\n

When the first miner successfully solved a block, McCook said that: \u201cTo say this is very rare is an understatement.\u201d<\/p>\n

Each of the miners, who may have been mining on just one or two machines, will take home 6.25 Bitcoin (BTC) ($266,000) for their efforts. <\/p>\n<\/div>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# \u20181 in a billion\u2019: Second tiny miner solves a block ” In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. On Monday, a tiny miner successfully solved a block with a…<\/p>\n","protected":false},"author":1,"featured_media":393370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMThiMDA4ODktM2FiNC00ZDdmLTgxNjItZTdiNzk4ZDA2ZmY5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,78423],"class_list":["post-393369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-mining-pools"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=393369"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393370"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}