[Omniscient]

I am sure the majority of miners use pools to guarantee earnings. Anyone ever read or hear about someone just solo mining and solving a block in the past couple years? The Bitcoin block reward is 6.5 right now plus the transaction fees. That's $400k. Imagine you buy all your mining gear, stay out of pools, and after a year or two you finally get one block mined and collect it all.

Because the pools are public I wonder if it's possible to go down the transaction list and figure out how many blocks were independently mined in the past year.

Just an interesting thought I had while taking a shower.

[account_]

Assuming this is one https://www.blockchain.com/btc/address/3...8wM15VCQU3

edit looks like a group sorry.

[shreder]

Latest miners with like 94th will have a 1 to 1.8m odds of mining a block assuming the network hashrate doesnt increase you'll get a block once every 36 years.

[Omniscient]

Latest miners with like 94th will have a 1 to 1.8m odds of mining a block assuming the network hashrate doesnt increase you'll get a block once every 36 years.

But that's really not how it works. That's the odds BUT like the title says, it's a Jackpot. You could just by sheer luck solve a block in your first week. But even if it took 2-3 years that's one great payday.

[Lindros]

It's risky because power costs can be substantial. What if you never receive a reward? I use Nicehash, so I think I'm technically selling my compute power to people through Nicehash I think? Either way my computers are primarily solving the Daggerhasimoto Ethereum algorithm.

I don't even know what the Ethereum block/reward would be.

[Swip3r]

It's risky because power costs can be substantial. What if you never receive a reward? I use Nicehash, so I think I'm technically selling my compute power to people through Nicehash I think? Either way my computers are primarily solving the Daggerhasimoto Ethereum algorithm.

I don't even know what the Ethereum block/reward would be.

If you manage to get industrial prices a month of mining is roughly $140-200/Mo depending where.
Could be possible, but it is a gamble.

[Lindros]

If you manage to get industrial prices a month of mining is roughly $140-200/Mo depending where.
Could be possible, but it is a gamble.

$140-200 for what hardware/hashrates? Lol. I pay $40 a month for power just for like 194 MH/s DaggerHashimoto.

[Swip3r]

$140-200 for what hardware/hashrates? Lol. I pay $40 a month for power just for like 194 MH/s DaggerHashimoto.

Typical S19Js 90 TH/s run like 3k-3250 Watts

You can get rackspace at a dedicated facility for those prices.

[Dorrance]

$140-200 for what hardware/hashrates? Lol. I pay $40 a month for power just for like 194 MH/s DaggerHashimoto.

Based on your Kwhatts and location, preferably look at type of residence.

Ex. Residential, commercial, & industrial.

Remember when mining take into account cooling/fan system.

[Frukt]

This is an interesting idea and someone I follow on YouTube recently made a video on it.
https://www.youtube.com/watch?v=FyRGkbu-LB8
He is using GekkoScience NewPac "USB" sticks to mine BTC very inefficiently. (Spoiler) In the end, he decides to let them run and just be a jackpot hunter and not participating in the pool due to the low efficiency.
I was thinking about buying 1-2 and leaving them on in the basement forever and forgetting about it.

[HashBTC]

This is an interesting idea and someone I follow on YouTube recently made a video on it.
https://www.youtube.com/watch?v=FyRGkbu-LB8
He is using GekkoScience NewPac "USB" sticks to mine BTC very inefficiently. (Spoiler) In the end, he decides to let them run and just be a jackpot hunter and not participating in the pool due to the low efficiency.
I was thinking about buying 1-2 and leaving them on in the basement forever and forgetting about it.

I do this. Bought 5 and the hub they offer. Tuned them to 545 MHz frequency I think and just let it try away. Running around 500 GH/s

[shreder]

I do this. Bought 5 and the hub they offer. Tuned them to 545 MHz frequency I think and just let it try away. Running around 500 GH/s

With 500 GH/s

Chance per block: 1 in 372,535,388

Chance per day: 1 in 2,587,051

Time estimate: 7,088 years

I know its a dream jackpot but if I wasted my time doing one in a billion odds for $400k ima beat myself knowing dam well a lottery ticket for 100million is more likely.

[flAmingw0rm]

I remembered this thread from a while ago and I read these news yesterday:
https://www.theblockcrypto.com/post/1298...-btc-block

So I guess it finally happened, congratulations to the lucky miner!

[shreder]

1 in a million chance pretty sick.

[SIM-3336514]

A solo bitcoin (BTC) miner with only 126 terahashes per second (TH/s) of computing power has become the unlikely winner of a block race on the Bitcoin network.

By successfully mining block 718,124, the lucky miner secured the 6.25 BTC block reward, which is about $260,000 at the current bitcoin price.

https://www.theblockcrypto.com/post/1298...-btc-block