A single ETH miner has hit the jackpot with a $540K block reward.
This week, an individual miner defied the odds by collecting 168 ETH from a solo mining pool, which is 42 times the average block reward.
An individual Ether (ETH) miner struck gold when they mined a block on their own and received a reward of about $540,000.
On Monday, the miner mined a whole block and got 168 ETH while using the 2Miners: Solo pool. According to BitInfoCharts, this payment far exceeds the per-block average reward of around 4 ETH.The size and hash power of the Solo pool add to the amazing quality of the payout. It is rather modest, with 854 miners online at the time of writing and 1.5 terahashes per second, implying that the average miner contributes 1.85 gigahashes per second (GH/s).
The fortunate miner presently contributes 2.25 GH/s, which may be generated by one to twenty of the most recent GPU devices.The amount of computer processing power that a device gives to a proof-of-work blockchain, such as Ethereum or Bitcoin, is referred to as hash power. More hash power contributes to network security by processing transactions and mining blocks.The fortuitous payout on the Ethereum network is the third time in two weeks that a single crypto miner has struck gold.
On January 11, a Bitcoin (BTC) miner from the Solo CK secret solo mining operation earned 6.25 BTC for mining a full block on their lonesome.Two days later, another solo miner, this time using Solo CK, mined a new Bitcoin block with only one to three rigs.Each miner had a one-in-a-million chance of mining an entire block, and the odds of two tiny miners accomplishing the same feat in the same week are estimated to be one in a billion.
Since reaching an all-time high of $0.282 on May 12, 2021, average daily Ethereum mining profitability has been declining. According to BitInfoCharts, the average profitability is presently about $0.0474.
When the Ethereum network completes “the merge,” referring to its transition to a proof-of-stake (PoS) consensus process, a jackpot prize like the one earlier this week may be relegated to the past. Staking tokens ensure network stability with PoS. The network’s electrical resource requirements will be reduced as a result.
