‘1 in a billion’: Second tiny miner solves a block

Share This Post

Each of the lucky miners will take home over $266k, as well as bragging rights to overcoming “one in several billion odds.”

In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week.

On Monday, a tiny miner successfully solved a block with a modest hash rate capacity of 126 terahashes per second (TH/s). Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph at the time that the odds of this happening were 1 in 1,400,000.

But according to a Jan 13 tweet from Solo admin Con Kolivas, another miner from the same pool was able to solve a block with a capacity of only 116 terahashes per second (TH/s) — even less than the first miner. That’s likely to be just one to three mining rigs, depending on the equipment used.

Kolivas added that the new miner joined the pool less than two days ago, “presumably in response to the other lucky block solver.”

“They’ve been astronomically lucky in solving a block solo in that time,” he wrote.

“This is insane luck at work, and a very unusual event.”

‘Insane luck’ might even be an understatement. McCook told Cointelegraph that the odds of this happening are so unlikely, he is unsure of how to even mathematically calculate them.

He suggested that the odds of such a small miner succeeding once was one in a million, so two successes just a few days apart would be at least one in a billion.

Related: Tiny Bitcoin miner defies massive odds to solve a valid block

When the first miner successfully solved a block, McCook said that: “To say this is very rare is an understatement.”

Each of the miners, who may have been mining on just one or two machines, will take home 6.25 Bitcoin (BTC) ($266,000) for their efforts.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin’s supply in profit drops to 88%

While Bitcoin’s current price of $95,600 is still historically high, the drop from its ATH of $106,800 led to a significant amount of distribution among holders The rally that followed the US

Chillguy (CHILLGUY) Memecoin Price Drops 20% Over Plagiarism Claims

The post Chillguy (CHILLGUY) Memecoin Price Drops 20% Over Plagiarism Claims appeared first on Coinpedia Fintech News Chillguy (CHILLGUY), a popular meme coin that gained massive attention recently,

Why Is Ethereum Down Today? Will It Rise Above $4,000?

The post Why Is Ethereum Down Today Will It Rise Above $4,000 appeared first on Coinpedia Fintech News The crypto market does not seem to be recovering soon and investors are still waiting for the

Do Kwon Extradition: Montenegro Court Upholds Ruling, US or South Korea Awaits

A Montenegrin court upheld the extradition of Do Kwon, founder of Terra Labs The US and South Korea both requested extradition, and a Montenegro minister will decide which country gets him Montenegro

Crypto Scam Alert: Pudgy Penguins NFT Users Targeted by Google Ad Network Phishing

The post Crypto Scam Alert: Pudgy Penguins NFT Users Targeted by Google Ad Network Phishing appeared first on Coinpedia Fintech News An elaborate scam has been detected, where attackers are now

Top Market-Making Companies 2025 

The post Top Market-Making Companies 2025  appeared first on Coinpedia Fintech News The cryptocurrency market which sits at $375 trillion, per CoinGecko, is projected to experience a massive