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BTC Miner Rakes in Almost $270K from a Rare Block

BTC Miner Rakes in Almost $270K from a Rare Block

One crypto miner managed to sweep 6.25 BTC on the Solo CK mining pool at a 126 TH/s hash rate.

Even though he had odds stacked against him, with a hash rate of a single mining rig, the algorithm picked out and awarded the miner with a generous amount of BTC, worth around $266K.

The miner managed to beat others with an even lower than average hash rate. According to data by Blockchain.com, the average BTC mining hash rate for January 11, 2021, is 191.42M TH/s. 

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Admin of Solo CK Con Kolivas congratulated the miner, and called the occurrence a "once in a lifetime chance." He told followers on Twitter that it was quite uncommon, but definitely possible for a miner with an average hash rate. 

However, it is very unlikely to see something like this happening again any time soon due to the number of miners with multiple setups having the edge in solving such blocks. Kolivas told followers that the lucky miner had approximately a 1 in 10,000 chance of mining BTC the block.

At the time of writing, the price of Bitcoin rose back up a bit, with a 0.98% increase, and, currently, standing at an average of $42,557.50 price per coin.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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