Only With Small Rig Mining, This Individual Bitcoin Miner Gets A Jackpot Of 215,000 US Dollars In BTC

Mini mining rig (Screenshot of Twitter @ckpooldev)

JAKARTA – Bitcoin mining activities that are carried out individually are considered less competitive with BTC mining companies. It seems that this perception has changed with the emergence of individual miners who get jackpots from their mining activities using small mining rigs.

Reporting from Cryptopotato, a Bitcoin miner who switched to a small USB-based mining rig has hit the jackpot. Small individual mining is gaining popularity and experiencing significant growth.

According to computer hardware outlet Tom's Hardware, one miner recently broke the block with a rig that had a hash rate of around 8.3 TH/s (terahashes per second). This resulted in a prize pool of over 215,000 US dollars in Bitcoins.

The solo.ckpool.org pool, which offers “anonymous solo bitcoin mining at a 2% fee for everyone,” reported big wins for the mini-miner on January 24th.

And here are some images of his mini-farm that solved the block, and his cgminer running showing his best share of 35.5T pic.twitter.com/0J5s1gujON

— Dr. Con Kolivas (@ckpooldev) January 24, 2022

However, these small USB mining rigs are hard to come by. Stock is limited though it can be found at retail outlets like eBay and Amazon for a few hundred dollars if you're lucky.

Tom's Hardware reports that the solo miner who owns the mini rig is operating at a tenth of the 86 TH/s hash rate. In comparison, Bitmain recently announced that the Antminer S19 Pro+ Hyd offers a hash rate of 198 TH/s and weighs over $14,000.

This is not the first time a miner in Solo CK Pool has hit a jackpot. On January 11th, a solo miner with a 120 TH/s rig managed to score digital gold, added new blocks, and earned over $270,000 in prizes from 6.25 BTC at the time. Another solo miner using 116 TH/s also managed to find a valid block and received over 260,000 US dollars a few days later.

At that time, the administrator of Solo CK Pool, Dr. Con Kolivas said that it was not an unexpected occurrence and there was nothing wrong with the Proof-of-Work (PoW) consensus algorithm or the Bitcoin network.

“My solo mining service has no backdoor to break blocks faster. With enough miner mining, someone eventually breaks the block, and it can be a miner of any size,” said Kolivas.

Bitcoin is not the only one that can provide a jackpot for its miners, Ethereum mining is also rumored to still be able to provide benefits for individual miners. Last week, a solo ETH miner hit the jackpot of 168 ETH, roughly the equivalent of 540,000 US dollars at the time.

Miners are in solo ETH mining pools earning around 1.5 TH/s, but the individual only contributes around 2.25 GH/s on average. Although not all individual miners can be lucky to get such a jackpot, the events above prove that individual miners can still get unexpected profits.