Individual ETH miner hits jackpot with $540K block reward

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Oh boy! What a lucky miner. An individual miner defied all odds and managed to collect 168 ETH from a solo mining pool this week, worth 42 times the average block reward.

Adding to the remarkable nature of the reward is the size and hash power of the Solo pool. It is relatively small with 854 miners online and 1.5 terahashes per second at the time of writing, meaning that the average miner contributes 1.85 gigahashes per second . The lucky miner currently contributes 2.25 GH/s, which could be generated with one to 20 of the latest GPU devices.

Hash power is the amount of computer processing power a device contributes to a proof-of-work blockchain like Ethereum and Bitcoin. More hash power helps secure the network by processing transactions and mining blocks.

 

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