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The miner used an Apollo II of Futurebit device, which has a hashrate up to 10 TH/S.
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BTC mining, a random process, allows any participant to find a block.
On March 21, a solitary miner resonated the drums of the decentralization of the Bitcoin Net Total reward of almost $ 270,000.
Total rates collected by the miner for including transactions in that block added 0.032 BTC, which equivalent at that time at $ 2708. That constitutes a part of the total reward that the miner receives, in addition to the current block subsidy, after the Halving 2024, which is 3.125 BTC. This information can be seen in the following image of the Mempool site.
In an ecosystem where large mining pools and mining companies dominate, this event highlights the ability of domestic miners to participate in the network Bitcoin. Despite the growing difficulty and competence in mining, cryptootics reported other similar cases recently, such as the miner with «luck of one in a million.»
John Stefanov, founder of Futurebit, celebrated the achievement by stating: Another sovereign individual built and found his own block using the most robust solo mining platform than the world has seen, Futurebit ».
Block 888737 is the third to be found by a miner with the «Futurebit Apollo alone» label, although, as cryptootics reported, its most immediate antecedent, at the height of block 881423, on January 29, it was not a solo mine. In that case, entities managed to accumulate a processing power (hashrate) up to 1.12 EH/s (exahasos per second).
A key feature of Futurebit devices, which probably allowed these entities to reach the hashrate registered under the label «Futurebit Apollo alone», lies in their versatility. According to the company, these equipment enable users to undermine in solo mode or function as an independent Stratum server (a protocol for communication between nodes and networks of minable cryptoactive), which allows them manage your own mining pool From a homemade device.
On the other hand, the first antecedent of a mined block under a «Futurebit Apollo Solo» miner dates back to October 28.
Apollo device characteristics
The device used to process block 888737 may have been Apollo II in solo mode. This is a mini ASIC designed for domestic users looking Contribute to the Bitcoin network with few resources and without depending on large infrastructure.
This team has a hashrat that varies between 6 and 10 TH/S (Terahas per second), depending on its configuration (eco, balanced or turbo modes), with an energy consumption that ranges between 175 watts in echo mode and 375-425 watts in turbo mode, reaching an efficiency of approximately 28 w/th (watts for terahahes). In addition, its «super silent» design, according to the manufacturer, makes it convenient for home environments.
The other futurebit hardware device that could have been used by the solitary miner is the BTC Apollo. This ASIC has a lower capacity than Apollo II, 3 TH/S.
The computing capacity of both ASIC is minimal against the total hashrate of the Bitcoin Network, which is currently 811 EH/s (exahasos per second). This means that an Apollo II, even in its most powerful configuration of 10 th/s, represents a tiny fraction of global computing powermaking it undermine a solo block to be an event comparable to winning a cryptographic lottery.
Bitcoin mining, a random process
Bitcoin mining is compared to a lottery because it is an inherently random process when finding a block.
The hash rate of a miner determines how many attempts can make per second, but does not eliminate that randomness. A lonely miner with a low hashrate, such as a 10 TH/S futurebit II get a number in a lottery. This uncertainty is what leads many to join mining pools, where collective effort reduces variability, although at the expense of sharing rewards.
However, as Cryptonotics reported, there are also pools, such as Ocean and Demand, fighting Bitcoin centralization, giving individual miners greater autonomy than traditional pools.