Independent Miner Earns $266,000 From Bitcoin Block 924569

A solo Bitcoin miner with only 1.2 TH/s hash rate mined block 924569, beating odds of roughly one in 1.2 million per day for a reward worth about $266,000.

BTC

Summary

An independent Bitcoin miner with just 1.2 TH/s hash rate has successfully mined block 924569, earning 3.146 BTC valued at approximately $266,000. The feat, with an estimated daily probability of one in 1.2 million, underscores the rare yet possible success for low-hash-rate solo mining.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the first and most widely used cryptocurrency.
  • Mining: The process of validating and adding new transactions to a blockchain by solving complex computational problems.
  • Hash rate: A measure of computational power used in cryptocurrency mining, usually expressed in hashes per second.