Solo miners oppose the opportunities, successfully demanding the full Bitcoins block awards, even when the Hashrate network rises near the ups of all time.
About 902 Exahashes per second (EH/s), just below the top of all time, hovers from this letter, Hashrate of Bitcoin (BTC). According to to blockchain.com. The character shows the growing competition and higher difficulties, which suggests that lonely miners encounter rapid chances of winning the block.
However, last week, Górnik Solo opposed these opportunities by securing the 907 283 block via Solo CK and winning a full 3,125 BTC prize, worth over USD 372,000. MINER has also received an additional 3,436 USD transaction fees.
This win was not an isolated event. Earlier in July, another miner with just 2.3 Petahashes of Power won the full block prize, while similar victories were registered in June, March and February.
“We see that Solo miners win not because of happiness, but because they run powerful, efficient equipment,” said Cointelegraph, Samuel Li, director of ASICKEY technology. He added that contemporary miners are built to provide “serious hashrate” without a massive draw of established configurations.
Related: Solo Bitcoin Miner wins $ 373,000
Concentration efficiency
Li, for solo miners, performance is everything, said Li. “Take our Keyminer A1 – it attracts only 650 watts, but provides 1100 TH/S on Bitcoin, with monthly profits of about USD 1200. For people diversifying to Altcoins, it can earn up to USD 3,800 per month,” he noted.
Keyminer A1 is part of the ASICKEY hardware line introduced in November last year, which also includes Keyminer X and Keyminer Pro.
According to Keyminer, X provides 2300 Terahash per second (th/s) at 1300 watts, while the PRO model offers up to 5800 TH/S at 2800 watts. In current market conditions, the company estimates monthly returns of up to USD 6,300 for Pro.
However, despite the improvements of the performance of the integrated specific circuit for the application (ASIC), “basic opportunities [of solo miners winning] I haven’t changed much – said Li.
“Solo mining is still mostly on a lottery, unless you control dozens of ph/s, which is a realistically absolute minimum to have a measurable statistical shot in success in a reasonable time period,” he added.
Li explained that during today’s Bitcoin Hashrate network, a miner with one pethash (ph/s) Hashover has about 1 in 650,000 opportunities to solve the block every 10 minutes. One Hash PETA (ph/s) is equivalent to 1000 HashSists Terra (th/s).
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Why do miners go solo?
Li confirmed that there was a “slight revival” of interest in the extraction of solo, but for various reasons. “Some miners choose this not for predictable income, but from the possibility of a enormous prize – 6.25 BTC Plus – which can be transformative if won,” he noted.
While cash incentives play a key role, some are powered by ideological motives, to decentralize the network and the ability to act regardless of the centralized mining stall.
According to data From the hashrate index, based on the American mining pool of the US foundry, the mining of bitcoins still dominates, which means 29.3% of the total hashrat. Antpool occurs from 16.2%, while Viabtc and F2Pool have 12.0%and 11.6%, respectively.
If a single pool (or several pools operating together) controls over 50% of Hashrat, they could theoretically start an attack of 51%, which would allow them for double coins. Although rare and expensive, such an event would gain confidence in the network.
“Ultimately, more solo miners – especially those who operate on pure energy and productive equipment – should represent a healthier, more decentralized bitcoin network, which is in line with the original vision of participation without permission,” Li summed up ” – summed up Li.
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