As it is known, miners who have more computer power in the Bitcoin network significantly increase the probability of encountering a BTC block, and with it, they can have a significant wealth.
Because this is the working logic of Bitcoin mining, miners usually join mining pools created by a large number of miners.
With the processing power of these pools being huge, the odds of single-mining entrepreneurs to come across a block are extremely low.
Solo Bitcoin Miner Achieves the Impossible!
However, with the latest developments, we understand that although this possibility is remote, it is not impossible.
Twitter user Dr. As Con Kolivas reports, a single miner on Solo CK, a service that allows entrepreneurs to mine standalone, managed to find a Bitcoin block despite only having 126 Terra-Hash processing power!
The lucky miner, if we consider that the BTC price was $ 43,062 at the time of this writing, he put a fortune of approximately $ 270,000.
Another solo #Bitcoin miner with just 0.000072% of the network hash rate has won the block reward of 6.25 #Bitcoin worth $273K! 😱
This is the second time in a week this has happened, with the odds each time at ~1 in 1,400,000
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) January 13, 2022
Even though the probability of encountering a BTC block when mined alone is 1 in 1,400,000, luck smiled on a miner who accounts for 0.000072% of the processing power on the Bitcoin network.
Thus, this is the second time this week that a single miner has experienced such an event.
When a BTC block is found, 6.25 BTC are distributed as a reward to the miners who find the block. The amount of rewards distributed is regularly halved over time, making BTC a rarer asset.