2023-11-02 06:36:09
A solo miner single-handedly mined block 814,308 using only 11 petahashes per second (PH/s) of mining power. He achieved this feat using Solo Ckpool, a service designed for miners with lower hash rates and less efficient hardware. Bitcoin mining is more unpredictable than many people thought Solo miners operating without the support of giant pools made several discoveries this year. On October 28, 2023, Con Kolivas, developer of Solo Ckpool, announced that a lone Bitcoin miner had discovered block 814,308 with a hash rate of just 11 PH/s. Despite the smaller discoveries, gigantic BTC miners stably take the vast majority of block discoveries. However, unique platforms like Ckpool are designed to support smaller miners, who thus have a chance to mine independently. When a successful block is found, 99% of the reward goes to the miner, and the others leave empty-handed. Since the 2020 halving, a block reward is 6.25 BTC BTC PRICE . The next halving is expected in about half a year, which may present new challenges to miners. Despite the extreme rarity, many lone miners were able to get a reward Even though the biggest mining pools discover dozens of blocks in 1 day, solo miners also have a chance. Two months earlier, on August 18, 2023, Kolivas revealed that block 803,821 was mined by a lone miner with a hash rate of just 1 PH/s. Kolivas noted that: “a 1 PH/s miner has a chance of successfully finding a block once every seven years, given the difficulty of the network.” Despite the minimal chance, another miner achieved even greater success in June when he achieved just 17 terrahash/second (TH /s) discovered block 793,607 by mining. At the time, Kolivas suggested that the miner was likely using an old Bitmain S9. In addition to small miners with low hash rates, miners with significantly stronger capacities have also found blocks without the help of large pools. In March 2023, a solo miner found block 782,845 at 1 EH/s. Not long after, the same solo miner also found block 782,867. Solo miner-friendly techniques like Solo Ckpool have certainly contributed significantly to profitable block mining. The appeal of solo mining pools comes largely from the independence of the miners. The world of Bitcoin mining is much more random and unpredictable than it is commonly thought. As experience has shown, the discovery of a block is not always directly related to the miner’s computing power.
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