Second tiny miner solves a block – News Couple

Second tiny miner solves a block

In an amazing turn of events, two lucky miners from the Solo CK mining pool defied all odds and added a new block on the Bitcoin blockchain in the same week.

On Monday, a small miner successfully solved a block with an average hash rate of 126 terahashes per second (TH/s). Hass McCook, a bitcoin mining expert and member of the Bitcoin Mining Council, told Cointelegraph at the time that the odds of this happening were 1 in 1,400,000.

But according to a Jan. 13 tweet from Solo Administrator Con Kolivas, another miner from the same pool was able to solve a block with a capacity of just 116 Terahashes per second (TH/s) — even less than the first miner. This will likely only be from one to three mining rigs, depending on the equipment used.

Colivas added that the new miner joined the pool less than two days ago, “presumably in response to another lucky miner.”

“They were astronomically lucky to solve a single block at the time,” he wrote.

“This is crazy luck at work, and a very unusual event.”

“Crazy luck” may be to say the least. McCook told Cointelegraph that the odds of that happening are so unlikely, he’s not even sure how to calculate it mathematically.

He suggested that the odds of such a small miner succeeding are once in a million, so two successes just a few days apart would be at least one in a billion.

Related: Small Bitcoin miner challenges the huge possibilities of solving a valid block

When the first miner successfully unraveled one of the blocks, McCook said, “To say this is so rare is an understatement.”

Each of the miners, who may have been mining only on one or two machines, will receive 6.25 Bitcoin (BTC) ($266,000) for their efforts.

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