Another miner found a block of bitcoin on insignificant capacities

in btcminer •  3 years ago 

Miners with insignificant capacities continue to successfully find blocks in the bitcoin blockchain. After one of them was able to get the right solution on Tuesday, having only 126 TH/s of hashrate, another with even less capacity joined him today.

According to ckpool administrator Con Kolivas, the miner again belonged to his company's solo pool and had a hashrate of only 116 TH/s. This amount of capacity produces from one to three mining devices, depending on the model.

"I clarified, this is really a new miner. He joined less than 2 days ago, probably reacting to the luck of another block solver. This is an incredible luck and a very unusual event," Kolivas wrote.

A member of the Bitcoin Mining Council, Hass McCook, in a conversation with Cointelegraph, suggested that if in the first case the probability of finding the right solution was one in a million, then two consecutive such events should have a probability of at least one in a billion.

"To call this a very rare event would be an understatement," he said in response to a message about the first miner.

Each of the miners received a reward of 6.25 BTC ($266,000) for successfully adding blocks.

"It's a very rare event, but if enough solo miners mine for long enough, statistically someone should find a block," Kolivas continued. – This time he was incredibly lucky to find the block so soon, but it's all within the normal variance. Do not forget that all large hashrates are just a combination of thousands of small hashrates of miners, so blocks are always found by equipment of the same size. In large pools, block mining is simply attributed to a set of equipment, not to an individual device."

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