Solo Miner Wins $200K Bitcoin Block with $75 Hash Rate Rental

A miner rented 1 PH/s from Braiins for $75 and successfully mined a full block, earning 3.128 BTC, showcasing the rare payoff of solo mining.

BTC

Summary

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Terms & Concepts
  • Hash rate: The measure of computational power used in Bitcoin mining to process transactions and secure the network.
  • PH/s (Petahash per second): A unit measuring mining power equal to one quadrillion hashes per second.
  • Solo mining: A mining method where an individual miner attempts to find blocks alone, without contributing to a pool, keeping all rewards if successful.