On June 9, at block peak 793,607, a solo bitcoin (BTC) miner efficiently mined a block via a mining service supplier, solo.ckpool.
Solo bitcoin miner wins
The feat meant that the bitcoin miner obtained the 6.25 BTC block reward and overcame the excessive odds in opposition to him. At present situations–and the hash fee at over 390 EH/s as of June 11, this can be very uncommon for a solo miner with comparatively low hash fee to mine a Bitcoin block.
Observers word that the miner, recognized as “151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD”, doubtless operated a single S9 miner, which disbursed 17 TH/s.
The out of date s9 bitcoin mining rig manufactured by Bitmain was launched in 2016 and might solely be purchased within the secondary market. It distributes 13.5 TH/s underneath optimum situations however can be very power-hungry.
The true identification of the solo miner can’t be revealed since solo.ckpool seals it. Their bitcoin handle is simply public, whereas different particulars are nameless.
Ordinarily, a miner working this gear would solely clear up a block as soon as each 450 years on common.
Primarily based on the present issue of the Bitcoin community, which is at 51T, the chance of success is 1/5,500. Even regardless of the percentages, the extraordinarily low hash fee channeled to solo.ckpool was sufficient to mine the mining pool its 275th.
Platform for inefficient, previous bitcoin miners
Solo.ckpool claims it isn’t a mining pool. As a substitute, it describes itself as a service supplier permitting solo Bitcoin miners to proceed their operations as miners “can not mine on to a bitcoin core node.”
On this setup, a solo, common miner avoids the overheads of working a full bitcoin node that will in any other case demand extra cupboard space and extra bandwidth to function effectively.
The solo.ckpool infrastructure is tailor-made for “miners with previous/inefficient miners that can by no means earn any rewards via common mining that want to go away it mining as a lottery.”
On the similar time, it serves as a “final backup for all miners who don’t have a solo setup or want to keep away from the overheads of working one.” The service supplier additionally provides that if the solo miner efficiently mines a bitcoin block, they obtain 98% of the block rewards and transaction charges tagged with the block.
The present Bitcoin issue, measuring how exhausting it’s to mine a bitcoin block, stands at 51T. In the meantime, the hash fee fell from 424 EH/s to 390 EH/s on June 11. With the hash fee falling, mining issue might comply with swimsuit.
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