Lone Bitcoin miner challenges the chances of 1 in 36,000 to win USD $ 350,000

By Hannah Pérez

Against all forecast: Bitcoin miner lonely challenges the giants and takes the USD $ 350,000 block reward. Although highly unusual, it is far from being the first time it passes from the Halving of 2024.

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• Against all forecast: Bitcoin miner lonely challenges the giants.
• Resolved block 913.593 with just a power of 200 TH/S.
• The power compared to that of a single bitmain machine —0.00002% of the total hash.
• Despite the unusual, it has passed more than six times since the Halving of 2024.

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In a blow of luck that brings the impossible, a miner of Bitcoin Astronomical probabilities has expired alone to solve a block and take home a reward of almost USD $ 350,000.

The developer of CKPOOLWith Kolivas, reported on social networks on Monday that an unknown miner, identified by the “BC1Q… JR38” address, resolved on Sunday the 913.593 block using the solo mining software of solo from CKPOOL.

The miner operated with barely 200 terahas per second (TH/S), a very small amount compared to 1.04 Zetaash per second (zh/s) total of the network of Bitcoin at the time of editing. This figure, comparable to a single machine Bitmain Antminer S21represents only 0.00002% of the total hashrate of the network. In comparison, mining giants such as Mara operate with 59.4 eh/s.

A hash is the result of a mathematical calculation that miners perform to try to solve a block on the network of Bitcoin. The measure represents the speed at which you can try to solve the complex calculations necessary to validate a block and win the reward.

“Congratulations to the miner BC1Q ~ JR38 to solve the 307th solo block in alone.ckpool.org, with only 200 TH! ” Kolivas wrote in X celebrating the unusual achievement.

A miner of this size only has a probability of 1 in ~ 36,000 every day, or once every ~ 100 years

According to explorer data Bitcoin, Mempoolthe miner collected a total of 3,129 BTC, equivalent to USD $ 347,980 at the time of editing this article. This includes 3,125 BTC of the reward for block subsidy and 0.004 BTC in transaction rates.

The event highlights the unpredictable nature of mining of Bitcoinwhere a single individual with limited resources can still succeed against the vast computational power of the global network.

An event of 1 in 100 years

The reason for the unusual of this maneuver lies in the complexity of mining of Bitcoina process that consists of verifying and adding new blocks to the block chain. To carry out this process, the miners use machines with high computing power that compete to solve complex mathematical calculations. The first to find a hash Valid, it takes the reward.

But to reach a valid hash, miners must compete against the rate of hash and the level of hindering the entire network. Miners usually act in groups (also called pools or Pools) and join forces with other miners to be more likely to extract a valid block. If this occurs, divide the profits among the participants.

Longest mining operations usually consist of at least several hundred or thousands of connected equipment simultaneously.

As more miners join the network, the general difficulty increases, which is more complex for lonely miners to find valid blocks. Basically the more Hashes For the second, you can perform a miner, (that is, when more computing power), it is more likely that you find a valid block and take the reward.

Despite the few probabilities and growing challenges – with decline rates, greater complexity, lower income for miners and the price of Bitcoin facing a correction – there are still those who venture to undermine Bitcoin alone with the hope of obtaining the complete reward of 3.125 BTC per block.

Solitary miners challenge the probabilities

This unusual victory resembles winning the lottery; However, it is not the first time that happens. In the post-halving era of Bitcoin —That the reduction in half of the reward per block in April 2024, “at least six other similar instances have been recorded.”

For example, in July, another miner with 2.3 pH/s resolved block 903,883, taking USD $ 342,700, marking the 6th case documented from the halving. These episodes, although rare, inspire small operators to try their luck, despite the fact that daily probabilities are estimated at 1 in 2,800 for more powerful, or even worse for modest settings.

This event underlines the inherent democratization of Bitcoin –Anyone with basic hardware can, theoretically, compete – while demonstrating that persistence and fortune can still prevail. While the Global Hash Rose Records, stories like this keep the emotion in the cryptocurrency community alive.

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Article written with the help of AI, edited by Diariobitcoin

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