Another incredibly lucky independent Bitcoin miner has exclusively enjoyed the entire block reward! Dr-ck, the developer of the independent mining pool CKPool, tweeted that a miner with only 3.3 TH of computing power using a 480GH Bitaxe Bitcoin miner successfully mined Bitcoin block 887212 on the Solo CKPool. Based on the current Bitcoin price, the miner received approximately $244,547 worth of 3.15 Bitcoins (block reward + fees):
Congratulations to the incredibly lucky miner bc1qaxccz85rx6ywy2xw6ugtm6u37mvew6qqn7lgtd, who successfully mined the 297th independent block on solo.ckpool.org with only 3.3TH!
They used a 480GH Bitaxe to accomplish this feat!
According to the official website, Solo CKPool uses a "Solo Mining" model, unlike traditional mining pools that concentrate computing power and distribute rewards proportionally. In Solo CKPool, each participant mines independently, and if a block is mined, the miner receives the entire block reward without having to share it with other miners. Therefore, the payout for this lucky miner was quite substantial.
However, the probability of a single mining rig successfully mining a block through Solo Mining is extremely low, and small-scale participation in Bitcoin mining may not be worthwhile.
The probability of mining a block is less than one in two billion.
Currently, the total Bitcoin network hashrate is 805.32 EH/s, but the CKPool hashrate is only 76.3 PH/s, which is only 0.0095% of the entire Bitcoin network. Therefore, the miner who mined the block yesterday was extremely lucky.
Furthermore, according to the ckPool developer, the miner used 7 units of the 480GH Bitaxe miner to achieve 3.3 TH of computing power, which means the total network hashrate is 244,036,364 times the combined hashrate of the miner's rigs. This implies that the miner's rigs have a probability of only about 1 in 244,036,364 of successfully mining a block every 10 minutes, or about 1 in 1,694,696 per day.
ckPool developer Dr-ck also added that:
The probability of a miner of this scale mining a block per day is less than one in a million, or in other words, it would take an average of 3,500 years to mine a block.
Additionally, consulted mining experts who stated:
Although the ckPool developer claimed that this block was mined by an independent miner with 3.3TH of computing power, the Solo ckpool has up to 30,000 mining rigs actively mining, and there may be large-scale computing power involved. Furthermore, the pool's page cannot verify whether the block was mined by a small-scale miner (or perhaps by a large-scale operation).
Therefore, I would approach this type of event, which has a probability even lower than winning the lottery, with a degree of skepticism.
