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The report said that a small home mining rig costing approximately 300 USD mined a Bitcoin block jackpot worth 250000 USD.
300 USD Buy a “space heater” and conveniently mine away a 250000 USD jackpot?
A Bitcoin 250000 USD block jackpot was mined by a 300 USD small home mining rig, whose hash rate was only that of a professional mining rig 1/40，5 days saw retail miners hit jackpots, but the winning probability is only 1/3000, making home devices miners’ new favorite and a heating solution.
Source: https://www.panewslab.com/zh/articles/01a1838d-e478-779e-a1a4-752689606777
The report claimed that a 300 USD small home mining rig mined a Bitcoin block jackpot worth 250000 USD.
The report claimed that the device’s hash rate was only that of a professional mining rig 1/40。
The report claimed that, within 5 days, retail miners received similar jackpots.
The winning probability given in the report was approximately 1/3000。
The following is analysis, separate from reported facts. Verify important claims independently.
This means that individuals using lower-priced, lower-hash-rate devices may also independently mine Bitcoin block rewards, but the probability is very low.
It shows that small devices may participate in Bitcoin mining and may be used by some users as heating devices; however, it is currently insufficient to demonstrate a change in home-mining participation or the Bitcoin market landscape.
A home device mining a jackpot does not mean that winning is easy; a probability of approximately 1/3000 still means that most attempts will not succeed.
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View glossary →The cryptocurrency reward miners receive for successfully validating a new block, broadly consisting of the block subsidy and transaction fees.
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