Cryptocurrency
fromBitcoin Magazine
4 days agoSolo Bitcoin Miner Defies 1-in-100,000 Odds To Win $222K Block Reward
A solo bitcoin miner successfully mined a block, earning 3.128 BTC despite extremely low odds of 1 in 100,000 per day.
Instead of running continuous hash power, it submits lottery-style tickets, each representing an attempt to solve a full Bitcoin block. With 1,000 KH/s of hashing power - roughly 18 times higher than many ticket-based alternatives - it submits more attempts per day while consuming under 18 watts, the company says. The device runs silently, operates independently over Wi-Fi using NMMiner firmware, and requires no licensing or activation fees. For founders who are already paying for 24/7 office power, the marginal cost is effectively negligible.