A solo miner hit what many are calling a jackpot, as he mined a Bitcoin block #887,212 with just a 480-gigahash per second (GH/s) Bitaxe machine.
He earned a total of 3.15 Bitcoins, which includes 0.025 $BTC in transaction fees. This, as per current prices, amounts to a whopping $257,963.
The miner is a part of the solo.ckpool mining pool, developed by Con Kolivas. Kolivas said that this is an exceptionally rare feat.
After all, such a small-sized miner would need approximately 3,500 years to find a block. The chances of finding a block per day are less than 1 in a million.
To put it in perspective, Antminer S9’s current per day income (with a hashrate of around 13.5 TH/s) is $0.7365.
So, it can cough out roughly 0.0000089 BTC per day. This means it’ll take around 307 years to mine 1 $BTC, or 967 years for 3.15 BTC.
The solo miner achieved this with just 3.56% of the hashing power of the Antminer S9. Insane, to say the least.
