A SOLO Bitcoin (BTC) mines drew a rare achievement this weekend and solved block 910440 on its own and pockets 3,137 BTC worth more than $ 362,000.
The block contained over 4,100 transactions and was processed through CKPool, a platform that allows individuals to contribute hashish stream without formally participating in a mine pool.
Mines ran about 9 petahashes per day. Second of computing power, giving them just a one-in-800 chance of landing a block on a given day. CKPOOL administrator con Kolivas said it only marked the 305th solo block that was resolved since the service launched in August 2014, showing how rare these events are in today’s industrial scale mining.
Solo mining is different from total setups, as there are no fees and the miner holds the whole reward, but the odds are heavily stacked against individuals. Bitcoin’s increasing network difficulty-a function of record high global hashish frequencies to mean that even powerful rigs can go weeks or months without success.
In comparison, Pool Mining offers more predictable payments with rewards that are diluted by being distributed over thousands of participants.
This dynamic has made the solo winner increasingly news worthy as major operators with exahashes of capacity dominate block production across the United States, Kazakhstan and China.
Still, the Bitcoin protocol allows for moments like this one where even smaller players can beat the odds and take a wind fall home.
At the time of the victory, Bitcoin traded near $ 115,000, down 3% over the last 24 hours as dealers weigh macrosignals ahead of the Federal Reserve’s September meeting.
