Topic: A solo Bitcoin miner just won block 718214 reward worth 6.25 $BTC - page 4. (Read 859 times)

Oh my, what a lucky hit. His faith in that is incomparable. I thought solo mining isn't possible anymore as gigantic mining facilities are increasing. I have been relieved of stress, planning to sell my rigs but this came to me and decided to continue.

Lucky pleb: *cackles in a 1-acre mining farm*

Oh my freaking goodness! How lucky is that solo miner. 6.25 BTC x $43k as of today = $268,750.

In the Philippines, it’s worth like 13.4 million pesos, which can be good enough to buy a big land! He landed the jackpot. I bet that solo miner is super duper happy now!

 

What a lucky solo miner who got that much lucky at this time when there are big mining pools having heavy ASIC machines with so much computing power.He really got all his expenses covered with the rewards of 6.25 btc and if he holds them for long he is already sitting on the piles of funds.Great chance for him.

the pool of miners was pushing 43 petahash. meaning it has 390 asics of 110thash
https://solo.ckpool.org/pool/

with bitcoins network hashrate of 165exa, its estimated that a ck pool will find a block every 26 days.
meaning every 26 days one of ck pools 'workers' asics will win 98% of that block. and ck himself gets 2%

meaning. everyone has to mine for 27 years for everyone to get a win(if workers are on 'fair' balance of random probability)
the workers do not share each win per block solved every 26day. instead per block solved goes to the specific solver.
. again in every pool there is always a specific solver(1 asic with the answer), but in most pools they all share the win even if the others never solve a block.

again. the reward sharing is the only difference, its not like other pools where everyone shares 0.0xxxx% per block found even if it was their asic that was the solver.
its that no one shares the winning apart from the block solver.

again
in all pools every block solved hash is down to one asic finding the special number out of the pool. all thats changed in ck is who gets the reward

I am not sure how many ASICs he had in his farm to produce such hashing power, but it makes me wonder how long he had been running the miners minus any rewards while paying for the electricity bills.

He's one guy who really had a lot of faith. Damn! It's just like winning a lottery after years of trying and never giving up.

actually its not solo mining..

what you have to realise is that with all pools. each asic can go through its nonce and timestamp extra nonce permutations every ~1 second/thash. and so pools then use the 'coinbase' transaction as an extra-extra nonce by giving each 110thash asic unique hashes to then 'work' through per 0.x second of hashing cycle.

no pool ever needs 1millions asics to compute on one 'work hash' to combine together to get a single winning hash.
instead its the large farms of asics all given lots of 'work' to churn through where only one asic comes up with a win for the pool.

all that ck pool does differently is instead of taking 100% of the reward for the pool, and change the coinbase using its own address and new output of randomness.. as extra-extra-nonce
 and after a win, then separately divide up the winnings based on shares.

it instead(the pool) sets up the coinbase extra-extra-nonce using the workers address, giving the asic 98% pool 2% of the win.

every block solution ever found, is found by a single asic.
its just the payout terms are different per pool.
ckpool just rewards that asic. rather then take 100% and share to all asics.

its just simple math.
instead of an asic getting 0.00006342% per block in one pool
its getting 98% per every 1576800th block

the work is the same no matter the pool. its just the payout arrangement is different

Yes nice hashrate, we hit last year two blocks on this Solo Pool.
But we used 20PHs nicehash rentals.

Best regards
Willi

Yes, the chances were ~ 1 in 30 years. But he/she/they kept mining ... wow.

I read about this earlier, it’s a once in a lifetime occurrence to be honest. The chances of a solo miner repeating this are miniscule. Congrats to this lucky pleb though, he had a very good day

A solo Bitcoin miner with only ~100 terahashes per second (TH/s) of computing power has become the unlikely winner of the block mining race on the Bitcoin network. By successfully mining block 718124, the lucky miner secured the 6.25 BTC block reward plus 0.10461270 BTC fees. Congratulations!

https://www.theblockcrypto.com/post/129894/bitcoin-miner-beats-1-in-1-3-million-odds-to-mine-a-btc-block
https://twitter.com/BitcoinMagazine/status/1480887982794199047
https://twitter.com/ckpooldev/status/1480843321043865602


Block-hash: 00000000000000000005c098cc11828afdddfe06df7f1bee94e705629680aba3
a solo block on http://solo.ckpool.org

How can we know he only had that hashrate?

The BTC address is the username on solo.ckpool.org.

So if we take the address the reward was paid to and append it to the ckpool URL and see the stats -> https://solo.ckpool.org/users/17zBdPyqq42RMjtHxH5DTx2uRTy4DsmrFw

{
 "hashrate1m": "120T",
 "hashrate5m": "113T",
 "hashrate1hr": "111T",
 "hashrate1d": "65.4T",
 "hashrate7d": "60.5T",
 "lastshare": 1641929294,
 "workers": 1,
 "shares": 951786693123,
 "bestshare": 48931582224457.0,
 "bestever": 48931582224457,
 "worker": [
  {
   "workername": "17zBdPyqq42RMjtHxH5DTx2uRTy4DsmrFw",
   "hashrate1m": "120T",
   "hashrate5m": "113T",
   "hashrate1hr": "111T",
   "hashrate1d": "65.4T",
   "hashrate7d": "60.5T",
   "lastshare": 1641929294,
   "shares": 951786693123,
   "bestshare": 48931582224457.0,
   "bestever": 48931582224457
  }
 ]
}