Solo Bitcoin Miner with Modest Hash Fee Solves Block Towards All Odds

• A solo Bitcoin miner with a modest hash price defies the percentages.
• The miner efficiently solves a block, grabbing consideration within the crypto neighborhood.
• The miner achieved the feat with an estimated hash price of 17 TH/s.

In a stunning flip of occasions, a solo Bitcoin (BTC) miner with a comparatively modest hash price has efficiently solved a block, defying the percentages and attracting consideration inside the crypto neighborhood. 

Con Kolivas, a software program engineer recognized for contributing to Bitcoin’s CGMiner and CKPool, took to Twitter to share the outstanding achievement.

The miner, recognized with the pockets initials ‘151XTfHB,’ achieved the feat with an estimated hash price of solely round 17 tera hashes per second (TH/s). Kolivas urged that the miner was doubtless using a single S9 miner, a tool famend for its effectivity and longevity within the Bitcoin mining ecosystem.

Based on Kolivas’ tweet, a miner of this dimension usually expects to resolve a block as soon as each 450 years, primarily based on common statistics. Nonetheless, the miner overcame the percentages, fixing the 275th block on solo.ckpool.org

Notably, the block’s particulars could be verified on the blockchain explorer. When analyzing the miner’s exercise, Kolivas noticed that that they had been repeatedly mining on the similar deal with. Astonishingly, the block was solved after a mere 9 billion shares have been accrued. 

Given the present issue stage of 51 tera hashes, this outstanding achievement interprets to roughly a one in 5,500 likelihood. This specific block holds additional significance because it represents the primary mainnet block solved because the code rework.  

Kolivas famous that the profitable miner’s code is similar one he made publicly accessible for anybody to make the most of, highlighting the accessibility and transparency of the BTC community.

The neighborhood has greeted this accomplishment with admiration and curiosity because it serves as a reminder that, regardless of the rising issue of the Bitcoin community, particular person miners can nonetheless make their mark on the blockchain.