{"id":4690,"date":"2022-01-13T09:06:34","date_gmt":"2022-01-13T09:06:34","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4690"},"modified":"2022-01-13T09:06:34","modified_gmt":"2022-01-13T09:06:34","slug":"second-tiny-miner-solves-a-block","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4690","title":{"rendered":"Second tiny miner solves a block"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMThiMDA4ODktM2FiNC00ZDdmLTgxNjItZTdiNzk4ZDA2ZmY5LmpwZw==.jpg\" \/><\/p>\n<div data-v-128018ef=\"\">\n<p>In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. <\/p>\n<p>On Monday, a tiny miner successfully solved a <a target=\"_blank\" href=\"https:\/\/www.btc.com\/btc\/block\/718124\" rel=\"noopener nofollow\">block<\/a> with a modest hash rate capacity of 126 terahashes per second (TH\/s). Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph at the time that the odds of this happening were 1 in 1,400,000.<\/p>\n<p>But according to a Jan 13 tweet from Solo admin Con Kolivas, another miner from the same pool was able to solve a <a target=\"_blank\" href=\"https:\/\/btc.com\/btc\/block\/718379\" rel=\"noopener nofollow\">block<\/a> with a capacity of only 116 terahashes per second (TH\/s) \u2014 even less than the first miner. That\u2019s likely to be just one to three mining rigs, depending on the equipment used. <\/p>\n<p>Kolivas added that the new miner joined the pool less than two days ago, \u201cpresumably in response to the other lucky block solver.\u201d<\/p>\n<p>\u201cThey&#8217;ve been astronomically lucky in solving a block solo in that time,\u201d he wrote.<\/p>\n<blockquote><p>\u201cThis is insane luck at work, and a very unusual event.\u201d<\/p><\/blockquote>\n<p>&#8216;Insane luck&#8217; might even be an understatement. McCook told Cointelegraph that the odds of this happening are so unlikely, he is unsure of how to even mathematically calculate them. <\/p>\n<p>He suggested that the odds of such a small miner succeeding once was one in a million, so two successes just a few days apart would be at least one in a billion.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/tiny-bitcoin-miner-defies-massive-odds-to-solve-a-valid-block\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/tiny-bitcoin-miner-defies-massive-odds-to-solve-a-valid-block\/amp\" rel=\"noopener\"><strong><em>Tiny Bitcoin miner defies massive odds to solve a valid block<\/em><\/strong><\/a><\/p>\n<p>When the first miner successfully solved a block, McCook said that: \u201cTo say this is very rare is an understatement.\u201d<\/p>\n<p>Each of the miners, who may have been mining on just one or two machines, will take home 6.25 Bitcoin (BTC) ($266,000) for their efforts. <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/1-in-a-billion-second-tiny-miner-solves-a-block\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. On Monday, a tiny miner successfully solved a block with a modest hash rate capacity of 126 terahashes per second (TH\/s). Bitcoin mining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[1785,1531,3508,3250],"class_list":["post-4690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-block","tag-miner","tag-solves","tag-tiny"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMThiMDA4ODktM2FiNC00ZDdmLTgxNjItZTdiNzk4ZDA2ZmY5LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4690"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4690\/revisions"}],"predecessor-version":[{"id":4692,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4690\/revisions\/4692"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4691"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}