PANews said two retail miners each mined a Bitcoin block within 7 hours.
BIBIBI
AT A GLANCE
Two retail miners claim to have mined two Bitcoin blocks in less than 7 hours using home mining rigs.
Article
Two blocks mined in 7 hours: two individual miners take on the entire network's hash rate and walk away with 476000 USD
On November 7, two individual miners using home mining rigs solo-mined two Bitcoin blocks in less than 7 hours, totaling approximately 476000 USD. With a hash rate of just over 80 TH/s—statistically requiring over a century of operation—the AvalonQ struck it incredibly lucky, with about 2% of the reward taken by CKPool as a service fee.
On November 7, two retail miners using home mining machines successively solo-mined two Bitcoin blocks in less than 7 hours.
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The two blocks total approximately 476000 USD.
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The relevant computing power is only just over 80 TH/s, and the text states that, based on probability, it would take over a century to run.
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The text states that approximately 2% of the reward is collected by CKPool as a service fee.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Solo mining is when a miner attempts to find blocks alone, without relying on a collective mining pool. With lower hash power it is usually harder to succeed, but occasionally a low-probability block may be found.
Why it matters to readers
This shows that small-hashrate miners may also occasionally obtain block rewards, but a single case cannot represent stable returns or an industry trend.
Do not interpret accidentally mining a block as meaning that a home mining rig can earn money steadily; the probability of returns, equipment costs, and electricity fees still need to be evaluated separately.
Risks and unknowns
The material does not provide block heights, block hashes, or CKPool records, making it impossible to independently verify the two block discoveries.
It is not clearly stated in the materials whether the service fee has been deducted from the reward amount.
Whether the two miners were truly independent participants is not explicitly stated in the materials.
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Related concepts
Solo mining
This term is not in the glossary yet. Browse related concepts in the glossary.
