One ether miner may be the luckiest in the space, as he single-handedly mined an entire ETH block and earned himself a cool reward of 168 ETH worth roughly $500,000.
The miner was operating through the 2 miners: SOLO pool on January 17th. The miner was able to receive a reward 42 times higher than the usual amount of reward by the block, according to the available data.
A cursory look at the size and power of the SOLO would show how lucky the miner was. As of press time, less than 1,000 miners are online, and they contribute around 1.5 Tera hashes per second.
This is the third time this year that this freak occurrence would occur. In the first two cases, different solo miners using the Solo CK were able to mine an entire block ofBitcoin on their own. Each of them earned 6.25 BTC, respectively.
The achievement of solo miners is more commendable because of the fact that hashrate only recently reached a new all-time high.
According to the data available on Glassnode, Bitcoin hashrate has hit 215 million terahashes per second. At the beginning of this year, hashrate reached new highs.
The miners were lucky that they had a 1 in 1,400, 000 chance of mining an entire block on their own.
While the earlier miners have been able to reap the bountiful rewards of crypt mining, authorities around the world are becoming more agitated about the industry.
It leads to the minting of new digital coins as a process that allows for transactions to be validated and at the same time allows for the validation of transactions. This process, especially for blockchains running on the proof of work network, is dependent on computing power and can be energy-intensive.
In the last year, different reports from several European countries show the resolve of the government to end the use of their energy sources for mining activities.
The ban on mining ofBitcoin in Kosovo has led to miners selling their equipment.
Georgia has taken a more spiritual approach to the space. A video shows residents in the country swearing not to use the country's power for mining criptomes in a church.