How long does it take to mine one Bitcoin block? ⛏️
On March 10, a solo miner found 'gold', completing one Bitcoin block with equipment costing $299 and only 0.48 TH/s of hash power, yielding 3.15 $BTC (~$260K).
What are the chances of this happening? 1 in 1.6 billion. Or about once every 31,240 years if mining continuously.
Solo mining is not dead, but without serious hash power, it's a lottery. Here is a comparison of block discovery times from various mining setups 👇$BTC