The Crypto world can easily make you rich. Many do not know this method. For anyone reading this, and if you are serious, you should start mining. It is so easy to do nowadays, all you need to do is buy a mining device, join a mining pool, connect to your wallet and forget about it. Statistically speaking you have more chance to earn passive income. And here is the a story of someone did it and made $260,000.
On March 10, 2025 a Solo Miner Struck a Bitcoin Block with a Cheap Device. Read This If You Want to Start Mining with a $300 Device.
Mining a Bitcoin block is the process by which new transactions are added to the Bitcoin blockchain. On average, a new block is added approximately every 10 minutes.
Rare Achievement: Solo Miner Strikes Gold on March 10, an individual miner achieved a remarkable feat:
Mining Setup: Utilized a cheap device with a hash rate of 0.48 terahashes per second (TH/s).
Reward Earned: Successfully mined a Bitcoin block, earning 3.15 BTC, valued at approximately $260,000 at that time.
Odds of Success: The likelihood of such an achievement with this setup is estimated at 1 in 1.6 billion, or roughly once every 31,240 years if mining continuously.
Insights on Solo Mining
This incident sheds light on the challenges and realities of solo mining:
High Difficulty: Mining a block solo without significant computational power is extremely unlikely due to the vast network competition.
Comparison with Mining Pools: Most miners join mining pools, groups that combine resources to increase their chances of earning rewards.
Conclusion
While solo mining can occasionally lead to substantial rewards, the chances are exceedingly low without considerable investment in mining hardware. For most individuals, participating in mining pools offers a more practical approach to earning Bitcoin through mining.
