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Another Bitcoin (bitcoin) miners from the Solo CK mining pool individually mine a new block on the Bitcoin blockchain, thus earning a block reward of 6.25 BTC (over $220,000 at current prices).This event It happened on Monday with a block height of 720,175.
Solo mining involves trying to have blocks validated by a single miner, without cooperating with other miners in the pool, and running a full blockchain node. Without significant hashing power, verifying a block is extremely unlikely.
To increase these odds and avoid the costs associated with solo mining, miners typically gather in mining pools to combine their hashing power, increase their chances of validating blocks, and ultimately share the loot when successful.
according to According to a recent tweet by CKPool administrator Con Kolivas, the independent miner’s hash power is around 86 terahertz per second. Hash power determines how fast a computer can perform the cryptographic functions needed to mine cryptocurrencies and verify the blocks of a proof-of-work blockchain such as Bitcoin.
Congrats to another miner, about 86TH for solving a single block https://t.co/UWgBvLkDqc ! There are now more miners in individual pools, and if enough people mine solo, eventually someone will be as lucky as here. https://t.co/Hqte2achR4 pic.twitter.com/0ZT635LicD
– Dr. Concolivas (@ckpooldev) January 24, 2022
The miner in question has less hash power than a single S9 miner; relatively little computing power, which makes this a very unlikely event.
More strikingly, just two weeks ago, another independent miner from the Solo CK mining pool completed a similar task Successfully resolve a valid block“To say this is very rare is an understatement,” Bitcoin Council member Hass McCook told Cointelegraph at the time.
Despite its name, CKPool is not a regular mining pool, it is a service that allows solo mining without dealing with the cost and hassle of running a full Bitcoin node.
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