Individual Bitcoin miner beats '1 in 18,000' odds, earns 289,000 dollars

Source
Uk Jin

Summary

  • An individual Bitcoin miner reportedly beat extremely low probability odds to obtain a block reward.
  • The miner received about 3.133 Bitcoins, which amounts to 289,380 dollars at current prices.
  • It was noted that small-scale investors could also potentially achieve large gains through solo mining.
Photo=Shutterstock
Photo=Shutterstock

An individual Bitcoin (BTC) miner beat astronomical odds to successfully receive a block reward.

On the 12th (Korean time), according to crypto media The Block, miner A used CKpool's personal Bitcoin mining software to mine 927,474 blocks, obtaining a total of 3.133 bitcoins. That is worth 289,380 dollars at current prices.

CKpool developer Kon Klivas explained, "Such a case might occur only once every 82 years, if at all."

Small-scale (individual) miners generally opt to join mining pools that provide steady rewards to earn profits, but some attempt solo mining aiming for the entire block reward.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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