Solo miner recently achieved a remarkable feat by successfully solving the next four blocks on the proof-of-work blockchain such as bitcoin. the miner, who was operating from block 772,793, had a combined hash rate of 10 th/s and an average hash rate over the previous hour of 10.6 th/s. it is estimated that the miner had four usb stick bitcoin miners, each with a hash rate of around 3 th/s and costing roughly $200 each.
Event happened in the past week, with the difficulty level at the time estimated to be 269,082,950 th/s. the miner had a one in 26.9 million chance of solving the block first. the event happened on the bitcoin network, which is currently the largest mining pool in the world, accounting for 31.3% of the network’s total hash rate.
Miner’s success was based on luck and randomness as hash values are generated randomly and there is no strategy involved in solving the block. bitcoin is based on code and formulas, and similar “once-in-a-lifetime” events have happened before. mining machines are able to compute trillions of unique hashes each second, meaning the chances of the miner being successful in adding the block to the blockchain depend on the number of hashes the miner’s rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second. the solo miner’s success story serves as an inspiring reminder of the potential of bitcoin mining.
