Bitcoin solo miner banks $350K with 2.3 petahash in ‘incredible odds’

A solo miner with just 2.3 petahashes successfully mined a Bitcoin block on Thursday, netting them $349,028 in rewards.

Another solo Bitcoin miner has just hit the jackpot, mining an entire Bitcoin block with a relatively low-powered rig and netting themselves just under $350,000 in Bitcoin. 

Bitcoin historian Pete Rizzo said the solo miner “beat incredible odds” on Thursday to mine an entire block. The administrator of the Bitcoin mining pool CKpool, where the block was mined, congratulated the lucky miner, adding that they used just 2.3 petahashes to solve it.

“A miner of this size has about a 1 in 2,800 chance of solving a block every day, or once every 8 years on average,” they said. (It’s an approximately 0.004% chance.)

Read more