In a startling turn of events, a lone Bitcoin (BTC) miner with a relatively low hash price successfully solved a block, defying the odds and garnering attention from the whole crypto community. Con Kolivas, a software developer known for his work on Bitcoin’s CGMiner and CKPool, shared the outstanding accomplishment on Twitter.
With only about 17 tera hashes per second (TH/s), the miner, whose initials are ‘151XTfHB,’ achieved the milestone. Kolivas pointed out that the miner was likely utilizing a single S9 miner, a device renowned for its efficiency and durability in the Bitcoin mining environment.
According to Kolivas’ tweet, a miner of this size may occasionally anticipate solving a block just once every 450 years based mostly on general statistics. But despite the odds, the miner fixed the 275th block on solo.ckpool.org.
Notably, the blockchain explorer could be used to confirm the details of the block. Kolivas observed the miner’s activity and found that they were consistently mining at the same address. Surprisingly, the block was cleared after only 9 billion shares were collected.
This remarkable accomplishment translates to almost a one in 5,500 likelihood given the current issue stage of 51 tera hashes. This specific block has added significance because it is the first mainnet block to be resolved as a result of the code rewrite.
Kolivas emphasized the openness and transparency of the BTC community by pointing out that the code for the successful miner is the same one he made freely available for anyone to use.
The community has responded to this achievement with appreciation and curiosity because it serves as a reminder that individual miners can still leave their mark on the blockchain despite the rising problems within the Bitcoin ecosystem.
