- A lone bitcoin miner with a modest hashrate ignores that risk.
- The miner efficiently solved the block and caught the eye of the cryptocurrency neighborhood.
- The miner achieved this feat with an estimated hash charge of 17 TH/s.
In a shocking flip of occasions, a lone Bitcoin (BTC) miner with a comparatively modest hashrate defied expectations and efficiently solved a block, gaining consideration inside the cryptocurrency neighborhood.
Con Kolivas, a software program engineer identified for his contributions to Bitcoin’s CGMiner and CKPool, shared this superb achievement on Twitter.
Recognized by the pockets initials “151XTfHB”, this miner has achieved a feat with an estimated hash charge of solely about 17 terahashes per second (TH/s). Koribus steered that the miner probably utilized his single S9 miner, a tool famous for its effectivity and longevity in his bitcoin mining ecosystem. .
Primarily based on common statistics, a miner of this measurement would usually be anticipated to resolve a block as soon as each 450 years, in keeping with Kolivas’ tweet. Nevertheless, Miner overcame difficulties and solved his 275th block on solo.ckpool.org.
Particularly, block particulars may be present in Blockchain Explorer. When Colibus analyzed the miner’s exercise, he noticed that he was repeatedly mining on the similar handle. Amazingly, this block was solved after solely 9 billion shares had been accrued.
Given the present problem of 51 terahashes, this superb achievement equates to roughly a 1 in 5,500 likelihood. This specific block has much more significance because it represents the primary mainnet block resolved for the reason that code rework.
Colibus identified that the profitable miner’s code is identical one he made publicly accessible, emphasizing the accessibility and transparency of the BTC community.
The neighborhood has welcomed the achievement with admiration and curiosity, and it’s a reminder that regardless of the rising problem of the Bitcoin community, particular person miners can nonetheless make their mark on the blockchain. It acts as an enabler.