Bitcoin miner hits 1 in 5000 odds: Earned $220,000

Ten days after the halving, an individual miner found the block on his own and was able to earn the full reward and transaction fees. The miner earned close to $220,000.

Bitcoin miner hits 1 in 5000 odds: Earned $220,000

A growing number of individual miners are finding blocks on their own, although they are still finding them occasionally. A miner who managed to find the 841,286th block yesterday evening won a miner reward of 3,125 BTC, along with transaction fees.

He had a 0.02% chance

The dollar revenue of this individual miner, who managed to obtain a total of 3.43 BTC, exceeded $218,000. According to information from the Bitcoin data site Mempool, the chances of this person using individual mining software from the CKpool pool were very low. The hash rate produced by the individual miner was 120 PH per second. Considering that the hash rate power of the total Bitcoin network is 638 exahash per second, the miner’s chances of finding the block alone were less than 1 in 5000.

Of course, this person who hit the 0.02% chance lottery is not the first in this regard. Many times in the past, individual miners have found blocks on their own. Even before the halving, a miner found a block on April 5 by himself and earned $422,000.

As it is known, the halving, in which miner rewards in Bitcoin are split into two, took place on April 20 at the 840,000th block. The mining pool named ViaBTC succeeded in finding the first block and sold the first satoshi of the first Bitcoin it earned last week for $2.1 million.

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