Tiny Bitcoin miner who defies big odds has solved a valid block

A Bitcoin miner from the Solo CK mining pool defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts.

The lucky miner, who could only mine on one or two machines, solved a unit with their modest hash power of 126 TH/s. According to a tweet 11th from Solo administrator Dr. Con Kolivas, it equates to about 0.00072% of the total Bitcoin (BTC) network hashrate – which is 175,000,000 TH/s (175 EH/s).

Bitcoin mining expert and Bitcoin Mining Council (BMC) member Hass McCook says he has never heard of anything like it.

“Typically, having 0.00072% hashrate means that on average, Solo CK will win 0.00072% of blocks, or about 1 in 1,400,000,” he explained.

According to McCook, the miner could have used a single machine. “The Antminer S19 is a 110TH/s machine, so Solo CK can even mine with just an overclocked device!” he said.

The hash rate of a machine refers to the number of hashes or mathematical equations it can solve per second. On average, a new block of BTC is mined every ten minutes. Dr Con Kolivas estimates the chances are not too high, with a 1 in 10,000 chance of finding a block per day with that hash.

“For the miners involved, it was a once-in-a-lifetime opportunity,” writes Kolivas.

He noted that a small miner on his mining pool solved a block about a year ago.

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