A recent event in the cryptocurrency world has gained attention: a solo Bitcoin miner managed to mine an entire block and earn nearly $350,000. This situation serves as an example of luck in a highly competitive environment.
Lucky Mining
The solo miner solved block 903883, receiving a subsidy of 3.173 BTC, equivalent to $349,028. Experts claim that a solo miner with 2.3 PH/s has about a 1 in 2,800 chance of solving a block each day, making this case particularly rare.
Solo Mining Equipment
While the exact specifications of the equipment remain unknown, it is likely that the miner utilized several older-generation ASIC miners capable of producing 2.3 PH/s. Hobbyist equipment such as the Bitaxe Gamma and FutureBit Apollo BTC can only yield several TH/s.
Previous Solo Wins
Earlier in February, another solo miner hit a big win, earning a reward of 3.125 BTC, which was over $300,000 at the time. In early June, a miner with block 899,826 received a reward worth $330,000, a rarity given the rising network difficulty.
The success of solo miners in Bitcoin highlights the unpredictability of the cryptocurrency world. The high level of difficulty confirms that chances of winning are minimal, but luck can smile upon anyone.
