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A solo miner hit what many are calling a jackpot, as he mined a Bitcoin block #887,212 with just a 480-gigahash per second (GH/s) Bitaxe machine. He earned a total of 3.15 Bitcoins, which includes 0.025 $BTC in transaction fees. This, as per current prices, amounts to a whopping $257,963.
The miner is a part of the solo.ckpool mining pool, developed by Con Kolivas. Kolivas said that this is an exceptionally rare feat.
After all, such a small-sized miner would need approximately 3,500 years to find a block. The chances of finding a block per day are less than 1 in a million.
To put it in perspective, Antminer S9’s current per day income (with a hashrate of around 13.5 TH/s) is $0.7365.
So, it can cough out roughly 0.0000089 BTC per day. This means it’ll take around 307 years to mine 1 $BTC, or 967 years for 3.15 BTC.
The solo miner achieved this with just 3.56% of the hashing power of the Antminer S9. Insane, to say the least. Hope for Small Miners
Crypto and Bitcoin mining is an industry dominated by large players with huge investments and complex machines.
However, the success of this solo miner offers a ray of hope and highlights the possibilities for small miners as well.
A lot of micro miners these days are being built open-source to fight the opaqueness of the mining industry. It helps make mining more transparent and accessible to the general public.
Cost-effective solutions like Bitaxe can make a larger impact with the help of some innovation and adaptability.
That said, mining is still a tedious and expensive affair, which is why there aren’t many home miners in the first place.
But what if you could get free $BTC without having to go down the mining route? Enter BTC Bull Token ($BTCBULL). What is BTC Bull Token?
BTC Bull Token is one of the best meme coins available on the market right now.
It sets itself apart by being the ONLY crypto that rewards token holders with real Bitcoin every time the OG crypto hits a new milestone.
So, for example, when $BTC crosses $150K this year (as predicted by analysts), you’ll be airdropped real (and free) $BTC. Simply put, BTC Bull Token gives you the opportunity to own a fraction of the most prized crypto (Bitcoin) without having to dump a huge amount of money into a mining setup.
The developers have also reserved 40% of the total $BTCBULL token supply for marketing and PR purposes.
This means they’re pretty big on boosting the project’s popularity (even after launch) and helping it garner more traction.
What’s more, there will also be periodic token burn events to control the supply of tradable $BTCBULL.
A regularly contracting supply will lead to an expansion in demand, which will further boost the inherent price of the token.
However, note that you’d have to buy and hold $BTCBULL in the Best Wallet App to be eligible for the airdrops. For those interested, here’s a full guide on how to buy $BTCBULL tokens. Why Should You Invest in $BTCBULL?
Bitcoin is rightfully referred to as the digital gold. The US government recently announced the formation of a Bitcoin reserve as well, calling it the ‘digital Fort Knox of digital gold.’
Plus, with Bitcoin showing signs of a reversal (support at the 50 EMA and the 50% Fib level on the weekly chart), this could be the perfect ‘buy the dip’ opportunity.
However, at its current market price, 1 $BTC costs $82,200. This means an average retail crypto investor might not be able to pile up enough $BTC to take home sizable gains come the next rally.
$BTCBULL, on the other hand, gives you the chance to own $BTC at a very low cost. 1 $BTCBULL is currently selling for just $0.002405, after all. Holding $BTCBULL will benefit you in two ways: Firstly, you get free real $BTC. It’s worth noting that several experts have predicted targets in excess of $1M for $BTC. Secondly, you’ll benefit from the increase in the value of $BTCBULL itself.
Is it any wonder that BTC Bull Token is one of the best cryptos to buy now?
It’s also worth mentioning that the $BTCBULL presale has been a huge hit. The project has raised $3.5M so far and shows no signs of stopping.
However, keep in mind that the next price increase is less than a day away. So, hurry up and grab BTC Bull Token at its lowest ever price. Find out more by checking out $BTCBULL’s whitepaper and their X feed.
Last but not least, we’d like to leave you with a piece of advice. Crypto investments can be a risky affair, given the fickle nature of the markets.
That’s why it’s important to do your own research before investing. That would give you the necessary confidence to hold onto your bets.
Also, this article isn’t a substitute for professional financial advice.