- His odds were 1 in 5,500
- The miner spent 17 teraches of power to mine the block
- And used a 2017 rig
The lone miner mined a block of Bitcoin and earned 6.25 BTC, equivalent to about $160,000
The man used the 2017 Bitman Antminer S9 equipment.. And for the extraction of the block spent 17 terragesh of power. This is extremely rare luck.. With the current complexity of mining, it would take 450 years to mine at that capacity, writes Con Colivas, the administrator of the mining pool, on Twitter.
He also provides a screenshot of the console. It turns out that the chance of mining a block under such conditions was 1 in 5,500.
In the Bitcoin network, more computing power means a higher probability of finding a BTC block and thereby receiving a reward. Therefore, large companies always have a much higher probability of mining a block.
Luck has not become uncommon for single miners. So, on May 23, at an altitude of 790958, an unknown lucky man mined a block of bitcoins on equipment with only about 750 Th/s.. With the current high complexity, this is only possible once every 9 years.
In fact, according to Glassnode analysts, miners sent $70.8 million worth of bitcoins to exchanges between June 5 and June 11.
this is the third largest inflow in the history of observation.