A solo bitcoin miner beat staggering odds to solve a block and take home the full subsidy and transaction fee rewards late Thursday.The miner collected a total of 3.133 ($284,633) for mining block 927,474, using solo bitcoin-mining software from CKpool, according to the Bitcoin explorer Mempool. This comprised 3.125 BTC in block subsidy rewards ($283,944) and 0.008 BTC ($689) in transaction fees.
pull down to refresh
related posts
72 sats \ 6 replies \ @DarthCoin 4h
@siggy47 why don't you mine solo ?
reply
42 sats \ 5 replies \ @siggy47 3h
I like getting my sats regularly. I guess I'm not a gambler at heart. But, I am thinking of setting up one of my bitaxes to solo mine just for the hell of it. That term "lottery miner" makes me think twice. My father always called the State Lotteries "The Stupid Tax." He would say "what? The government doesn't tax us enough? They have to screw the stupid even more?"
reply
36 sats \ 2 replies \ @DarthCoin 3h
you are not getting too much anyways with a bitaxe. I think it worth it solo mining just for fun.
I would not call mining solo a lottery. A lottery indeed is a tax for stupidity, but is a lottery where you go and buy a lottery ticket from a scammer and repeat that over and over.
Mining is something else.
reply
21 sats \ 0 replies \ @openyoureyes 3h
A fair lottery. Like 100 people bet a dollar and one wins 100. All other loose.
We all compete with the amount of our hashrate to win the next block.
The possibility of winning is proportional to the amount of hashrate but based on pure luck. Like a lottery where the hashrate are tickets.
Best way to explain it simple.
reply
21 sats \ 0 replies \ @siggy47 3h
Yes, you're right. Solo mining helps the network. I have a couple of different miners now, and I'm mining in two different geographic places. For the low hash rate bitaxes, I should solo mine. I never set them up for pool mining anyway. I'm not using them (I have two) right now.
reply
62 sats \ 1 reply \ @nikotsla 3h
The new nerdaxe software has a nice feature to "split" the hashrate between two pools, you could split 80% to pool mining and 20% to solo for example.
reply
0 sats \ 0 replies \ @siggy47 3h
That's a good idea.
reply
33 sats \ 3 replies \ @grayruby 3h
This seems to happen way more than the odds should permit.
reply
70 sats \ 2 replies \ @0xbitcoiner OP 3h
Looking at these numbers, it seems like we’re getting news of more than one block mined per month. That’s pretty big compared to the theoretical odds.
https://mempool.space/mining/pool/solock
reply
33 sats \ 1 reply \ @grayruby 3h
Yes. Seem to see news of solo mined blocks pretty often lately. Maybe just a lot more solo miners than I thought. When you think about it. If the odds were 1 in 82 years, you only need 1k solo miners at this level of hash to hit a solo block a month.
reply
40 sats \ 0 replies \ @0xbitcoiner OP 3h
Nice spotting. Solo CKs are probably already hitting the thousands. They’re rocking about 0.2% of the hashrate.
reply
22 sats \ 4 replies \ @supratic 3h
270TH is not a small home miner setup
reply
0 sats \ 1 reply \ @j7hB75 3h
That was total hashrate among many workers. The miner that mined the block only had ~74 TH/s.
https://solostats.ckpool.org/users/1Ng94bFQctzRnbGByBgTvT8ZH3TPMYVoQz
reply
0 sats \ 0 replies \ @supratic 3h
had "only" ~74 TH/s... and there's only one in CKpool with that hashrate, worker #170 contributing nearly 1/4 of the whole pool.
News are such a great tool to pump up plebs' hype
reply
0 sats \ 1 reply \ @0xbitcoiner OP 3h
Yeah, that’s like around 130 bitaxe minners, right?
reply
0 sats \ 0 replies \ @supratic 3h
pretty much, or at least 10 old s19
reply
0 sats \ 0 replies \ @nitter 4h
https://twiiit.com/ckpooldev/status/1999255547984695552
reply