Solo Miner Strikes Gold: One Player Successfully Mines a Bitcoin Block
Solo Mining Achievement: A solo miner successfully mined a full Bitcoin block, earning 3.133 BTC (approximately $284,000) with just ~270 TH/s, which is only 0.00002% of the total network hashpower.
Probability of Success: The likelihood of a solo miner achieving this feat is estimated at once every 82 years, highlighting the high-risk nature of solo mining compared to pooled mining.
Decentralization of Bitcoin: Despite the dominance of corporate mining operations, Bitcoin's structure allows small miners to achieve significant rewards, demonstrating the network's decentralization and resilience.
Encouragement for Hobbyist Miners: The success of small setups reinforces the motivation for independent miners to continue operating, as they can still compete against larger industrial mining operations.
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