​A Solo Bitcoin Miner Just Hit The Jackpot

TL;DR

• One fortunate ‘solo miner’ simply had a $160k+ pay day.

• How fortunate have been they? “A miner of this dimension would solely remedy a block [roughly] as soon as each 450 years on common,” according to the admin of Solo CKPool (the BTC mining software program used).

Full Story

A very long time in the past, each single guide was printed by hand.

Then, within the fifteenth century, Johannes Gutenberg invented the printing press; and with it an entire bunch of publishing corporations began popping up.

Now, we’re not saying Bitcoin mining rigs are fairly as revolutionary because the printing press – blockchain expertise could be, however that is a dialogue for one more day.

The purpose we’re making right here is {that a} comparable factor occurred with BTC mining.

It began as people, organising their very own private mining rigs of their basements, and mining BTC (i.e. utilizing computer systems to resolve complicated equations and being rewarded with BTC for doing so).

Then, as BTC turned increasingly in style, corporations began popping up with the only function of mining BTC.

At present, BTC mining farms look like large server factories.

It really works – BTC mining farms have accounted for 99.97% of all BTC mined since 2014.

Nevertheless, one fortunate ‘solo miner’ simply had a $160k+ pay day.

Simply as you can print books by hand in the present day, you can mine BTC as a solo operator…you simply should be insanely fortunate to be the one who truly finally ends up fixing the block equation.

How fortunate? “A miner of this dimension would solely remedy a block [roughly] as soon as each 450 years on common,” according to the admin of Solo CKPool (the BTC mining software program used).

So, whereas it is not advisable to exit and arrange your individual mining rig, for many who do, you would possibly simply hit the jackpot.