Another solo Bitcoin miner just hit the jackpot, mining the entire Bitcoin block with a relatively low-power rig and netting bitcoin under $350,000.
Bitcoin historian Pete Rizzo said the solo miners “stripped incredible odds” on Thursday. The administrator of the Bitcoin Mining Pool, where the block was mined, congratulated Lucky Miner, adding that he used only 2.3 peta hash to solve it.
“Mineers of this size are likely to be a 2,800th chance of unlocking a block every day or on average once every eight years,” they said. (It’s about 0.004% chance.)
According to Mempool Space, Miner settled block 903883 and received a grant of 3.173 BTC or $349,028.
Solo mining rigs have fewer terrahash per second
The exact specifications of the miner rigs are unknown, but it is possible that they used some older generation ASIC miners.
Small enthusiast solo miners such as The Bitaxe Gamma, Futurebit Apollo BTC, and Canaan Avalon Nano 3 can only generate terrahash per second.
Because it’s still small, USB miners like the Nerdminer Pro V2 can only generate kilohash per second, and rarely hit jackpots in full blocks.
Related: How to mine Bitcoin at home in 2025
To get a reasonable chance to minify one Bitcoin block per month, a solo miner will need a hash power of around 166,000 Th/s. This corresponds to about 500 Antminer S21 Hydro units. This would cost millions of dollars of upfront investments, Cointelegraph reported earlier this year.
Previous solo jackpot
In February, the Solo Miner attacked heavily with blocks 883,181, and also received a reward of 3.125 Bitcoin blocks. It was speculated that a lucky miner may have used Bitaxe.
Another solo miner attacked Digital Gold in early June, mining 899,826, earning rewards worth $330,000.
In solo mining, hashrates are pure probability and therefore do not necessarily guarantee success. According to SoloCance, there is about one solo miner at 2.3 PH/s per block at the current difficulty level.
Mining production will fall
Meanwhile, some major players, including Riot Platforms, Cipher Mining and Mara Holdings, saw industrial Bitcoin mining output drop in June.
Several businesses strategically cut their operations in June to avoid costly peak demand charges in Texas, where tariffs apply over the summer.
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