Against all odds, a single Bitcoin miner manages to solve a block with a hash rate of just 10 TH/s
Join Our Telegram channel to stay up to date on breaking news coverage On Friday, the battle to add block 772,793 to the Bitcoin blockchain was won by a lone Bitcoin miner with an average hashing rate of just 10 TH/s (terahashes per second). Since the total hash rate of Bitcoin at the time the block was added was just over 269 exahashes per second, the single miner ’s hash rate of 10 TH/s only accounted for 0.000000037% of the computing power used to create the block chain. Simply put: It was a very unlikely victory for a single miner. The lone miner was the first to generate a legitimate hash for the block to be mined despite the fact that the odds were stacked against them. 98% of the total 6.35939231 BTC authorized for the block reward and fees went to the miner as compensation. The remaining 2% was sent to Solo CK Pool, an online mining platform that enables solitary mining. Randomness and probability in Bitcoin are wired for good fortune and labor A valid hash f...