An individual miner defied the odds and managed to gather 168 ETH from a solo mining pool this week price 42 times the average block reward.
An individual Ether (ETH) miner struck it huge by mining a block on their own and receiving a bequest valued at about $540,000.
The miner was operational through the 2miners Ethereum SOLO pool on Jan. 17 when they mined a whole block and received 168 ETH. That reward immensely outstrips the per-block average reward of regarding four ETH in keeping with BitInfoCharts.
Adding to the exceptional nature of the reward is that the size and hash power of the SOLO pool. it's comparatively little with 854 miners online and 1.5 tera hashes per second at time of writing, which means that the typical jack contributes 1.85 Giga hashes per second. The lucky jack presently contributes 2.25 Giga hashes per second that can be generated between one to 20 of the newest GPU devices.
Hash power is that the quantity of laptop process power a tool contributes to a Proof-of-Work blockchain like Ethereum and Bitcoin. a lot of hashpower helps secure the network by process transactions and mining blocks. The lucky jackpot on the Ethereum network marks the third time in period that a private crypto jack has hit the massive time. A Bitcoin (BTC) jack from the Solo CK anonymous solo mining operation raked in 6.25 BTC for mining a whole block on their own on January. 11.
Two days later, another solo jack using Solo CK again mined a new block on Bitcoin with only 1 to a few rigs.
Each miner had a one in 1,400,000 chance of mining a whole block, and the chances of 2 little miners managing the same effort within the same week are calculable at one in a very billion.
Average daily Ethereum mining profitability has been on a decline since it spiked to an all time high of $0.282 on could 12, 2021. Average profitability is currently regarding $0.0474 in keeping with BitInfoCharts. this can be partially because of EIP-1559 that burns fees instead of distributing them to miners.
(Brian Newar, Cointelegraph, 2022)