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Just read: A single miner with only 75 dollars in rented computing power actually found a complete block and grabbed 3.125 BTC. That’s over 200.000 dollars at the current price. I mean, it’s like fighting a machine gun with a slingshot when you look at the network hash rate. The odds are actually absurdly small.
How does that even work? The guy rented 1 Petahash per second through Cloud-Services and used CKPool to mine solo. It’s basically a lottery ticket, but with a payout that’s 2.600 times higher. The block was found on Tuesday, when the network difficulty had just started to rise. Timing is everything in Bitcoin mining, I’d say.
The interesting part: solo mining is actually happening more often. Last year, 21 individual miners earned a total of 66 BTC, even though the difficulty is constantly increasing. Demand-driven hash rate rental simply lowers the entry barrier massively. You no longer need your own hardware—just a few dollars and a bit of luck. For btc mining, this is a new trend that was previously impossible.
Statistically extremely rare, but no longer as impossible as it used to be. On average, someone finds a solo block every 17 days. The rise of cloud mining has changed the game.