The miner operated with one Nerd Miner and three Gamma rigs, with no additional leased hashrate.
The hashrate of his equipment is equivalent to less than 1% of Bitmain’s most powerful industrial ASIC.
On April 18, Kevin Genki, a home miner and promoter of home Bitcoin mining, mined block 945,601 on the network and generated USD 239,608.95 in rewards, accounting for the block subsidy of 3.125 bitcoin (BTC) plus commissions (0.002 BTC or USD 137), which were shared between him and the participants of Parasite Pool, the platform used to mine
This miner, as explained in X, processed the block with a computing power of 8 TH/s (terahashes per second) compound by a mini ASIC Nerd Miner and three Bitaxe Gamma, which are two of the open source equipment and two of the best known in solo Bitcoin mining. Also clarified which did not rent additional hashrate through platforms like NiceHash or Hashpower from Braiins.
According to the SoloChance website, with that hashrate level the chance of mining a block is 1 in 117 million per attempt, with a statistical estimate of 2,237 years to achieve it.
The hardware that Genki used is marginal compared to the industrial equipment available today. Its 8 TH/s represent just 0.69% of the hashrate of Bitmain’s Antminer U3S23Hthe most powerful ASIC on the market with 1,160 TH/s; 1.38% of the Antminer S23 Hyd, which offers 580 TH/s; and 3.42% of the Antminer S21 Pro, with 234 TH/s.
In practice, Genki competed against industrial miners with fleets of thousands of this equipment and at the height of the block 945,601 he beat them.
Finally, Genki got the block connected to the Parasite Pool mining pool, a platform designed for solo miners and that distributes the profits of the block obtained by giving 1 BTC to whoever processed the block and the rest of the 2,125 BTC is distributed among the pool participants according to their hashrate contribution.