The post An Almost Impossible Event Occurred in Bitcoin: Solo Miner Mined a BTC Block with a Single Device – Here’s How Much Money He Made appeared on BitcoinEthereumNews.com. A rare event has occurred on the Bitcoin network. An independent miner with just 200 TH/s of processing power has successfully solved Bitcoin block number 913,593, earning a total reward of 3,129 BTC (approximately $347,980). The block reward consisted of 3.125 BTC block subsidies ($347,509) and 0.004 BTC transaction fees ($471). CKpool developer Con Kolivas argued that solving a block with such low processing power is statistically nearly impossible: “The probability of a miner with 200 TH/s solving a block each day is 1 in 36,000, or approximately 1 in 100 years.” This processing power is equivalent to just one 2024 Bitmain Antminer S21. The miner’s hashrate is only 0.00002% of the Bitcoin network’s total processing power of 1.04 ZH/s. For comparison, major publicly traded mining companies MARA operate at 59.4 EH/s and IREN at 50 EH/s. Bitcoin’s total processing power has recently surpassed 1 ZH/s, reaching record levels. Due to rising difficulty, falling fees, and shrinking revenues, small-scale miners often opt for stable returns by joining pools. However, this incident has once again demonstrated that solo mining, while rare, can be a lottery. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/an-almost-impossible-event-occurred-in-bitcoin-solo-miner-mined-a-btc-block-with-a-single-device-heres-how-much-money-he-made/The post An Almost Impossible Event Occurred in Bitcoin: Solo Miner Mined a BTC Block with a Single Device – Here’s How Much Money He Made appeared on BitcoinEthereumNews.com. A rare event has occurred on the Bitcoin network. An independent miner with just 200 TH/s of processing power has successfully solved Bitcoin block number 913,593, earning a total reward of 3,129 BTC (approximately $347,980). The block reward consisted of 3.125 BTC block subsidies ($347,509) and 0.004 BTC transaction fees ($471). CKpool developer Con Kolivas argued that solving a block with such low processing power is statistically nearly impossible: “The probability of a miner with 200 TH/s solving a block each day is 1 in 36,000, or approximately 1 in 100 years.” This processing power is equivalent to just one 2024 Bitmain Antminer S21. The miner’s hashrate is only 0.00002% of the Bitcoin network’s total processing power of 1.04 ZH/s. For comparison, major publicly traded mining companies MARA operate at 59.4 EH/s and IREN at 50 EH/s. Bitcoin’s total processing power has recently surpassed 1 ZH/s, reaching record levels. Due to rising difficulty, falling fees, and shrinking revenues, small-scale miners often opt for stable returns by joining pools. However, this incident has once again demonstrated that solo mining, while rare, can be a lottery. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/an-almost-impossible-event-occurred-in-bitcoin-solo-miner-mined-a-btc-block-with-a-single-device-heres-how-much-money-he-made/