• A solo Bitcoin miner beat the odds of solving block 793607 and won a 6.25 BTC block reward.
  • This miner was reportedly using an Antminer S9 with about 17 TH.
  • At today’s Bitcoin mining difficulty and 17 TH, it takes an average of 450 years for a single miner to land a block.

With bitcoin’s price struggling below $26,000 and the entire cryptocurrency market suffering from recent regulatory ramifications, there are few voices of support for bitcoiners.

However, for solo BTC miners, a stroke of luck allowed them to win the block reward and win gold. According to on-chain data, the miner beat the staggering odds to mine block 793607 and won 6.25 BTC block reward.

BTC Miner with Single Antminer S9 Wins Jackpot

This solo miner reportedly used a single Antminer S9 to record just 17 terahashes (TH), a once-in-a-lifetime feat. Their “lottery” prize was worth about $160,000 at the time of the block reward.

Congrats to miner 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD who solved the 275th block on http://solo.ckpool.org just ~17TH! That’s probably a single S9 miner. A miner of this size solves a block only about once every 450 years on average.,” tweeted Con Kolivas, CGMiner Software Engineer and Solo CKPool Administrator.

It’s not the first time a solo miner has hit such a big jackpot, and CKPool has revealed Seven This is the first such example since January. However, as Bitcoin hashrate and mining difficulty increase, this feat becomes more and more difficult.

According to data from Blockchain.comThe current Bitcoin mining difficulty is 51.23 trillion hashes. Mining difficulty indicates how difficult it is to mine the next block, i.e. how many hashes a miner must generate to find and solve a valid block. The current difficulty is at an all-time high, with most blocks being solved by major mining pools and companies.

Difficulty will be adjusted every 2016 block (approximately 2 weeks) and may go up or down. In the next adjustment, expected on June 14th, the difficulty will increase by approximately 2.92% to 52.73 T.

By Jules

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