My favorite kind of lottery

So, I didn't win this solo mining jackpot, but I'm really happy for whoever did. It’s just nice to know that someone out there got lucky. I’m hoping that one day my little setup will strike gold too, what do you think? Honestly, this seems like a smarter way to gamble instead of blowing cash on lottery tickets all the time, right? While I'm averaging down on my investments, giving solo mining a shot doesn't seem too hard. I've spent a bunch on trading ebooks and tools that basically flopped on me, never even got my money back. What's life without a little risk? Gotta have some adventures, man. How do you feel when someone else hits a block? Do you get excited for them, or does it bum you out that it wasn't you?

Life would be meaningless without taking risks, because basically every action we take carries a risk, especially in mining. However, risk-taking must also be accompanied by good management, and should not be overly pushy in doing it, it is better to only within the limits that we can afford (each of us knows ourselves). Personally, I have never done solo mining, nor have I ever played the lottery. So, I think I need to try it at least once in my life. I have read discussions about lottery mining before, and honestly, I feel very interested in doing it, and I think I would be much luckier doing it, compared to playing the real lottery, because I concluded that mining has a greater chance of success than buying a lottery ticket. I feel very motivated every time I hear good news, especially news that someone has achieved something profitable. I get jealous (in a good way), which means I really want to try the same thing. However, I can't return to mining right now due to certain issues.

https://mempool.space/block/000000000000000000013fc41444e7ca40ba5f8409d3f74a45e0da3efda9b6ed says the miner is NiceHash. That's unusual, since such miner usually choose CKPool or other option that doesn't require KYC (NiceHash these days ask KYC verification). I can see people consider solo mining as better option, although they need to pay electricity cost regularly.

This is getting boring to discuss. It's been written in similar threads that the pool must first mine a block, and for you to receive the reward, your hardware must perform the correct calculations. It's a very complex lottery with virtually zero chance of winning with a low hashrate. If you want to play with a high hashrate, it will be expensive because you need to pay electricity bills.

It is not the only one, there is another solo miner who earned another block reward, which is extremely rare in the same week. Avg 15.6 days https://mempool.space/block/000000000000000000013fc41444e7ca40ba5f8409d3f74a45e0da3efda9b6ed https://mempool.space/block/00000000000000000000505190b50037a8484eef057982c9f513d03442b00b1b The data shows that 22 verified solo blocks were mined last year, and with a 6 TH/s miner, your chance of finding a block per month is less than ~0.0015%. During this month, you will be paying for electricity and cooling 24/7. https://bennet.org/resources/solo-block-tracker/

I usually feel happy for someone when they achieve something great like this, anyone who will feel sad for someone success is not a good person, there are some people they usually don’t feel happy for others instead of feeling happy for others they start thinking and wishing they were the one that got what was gotten by the other person, that’s not how I live my  life I believe if you are happy for others for the good things that happens in there life good things will locate or fine me too, is not a most to believe what I believe but how will you feel that you won something great and people around you are sad?

Can you tell us more about your small mining farm? Maybe we can calculate the odds. Somehow this post made me want to start my own small farm too. It could be a good side project but last time I checked mining equipment was very costly, noisy and power hungry so my hype current hype can die pretty fast. I advised against mining for years but this lottery aspect of solo mining looks attractive to me for some reason. (I guess my inner gambler finds it attractive) I cannot tolerate noise and too much power consumption, I probably shouldn't be dreaming this.

Actually, it provably is: Lottery mining: a cost-benefit analysis. It is in fact very easy to set up, and has a higher chance to win the traditional lottery. And you can play it every day for virtually no cost! (apart from buying the hardware device.) Check my linked thread above. If you just want to gamble a few hundred bucks, buy yourself some Bitaxe Gamma 601. It costs about $110 and mines up to 1.2 TH/s. (which is about 1 billionth of the total hashrate.)

I mine with a bitaxe and have a shot for each and every block made. here is my miner I underclocked it https://solostats.ckpool.org/users/bc1qns96gdmrd024q20kav0x6lrlfg72qg8avu54ug it uses only about 13 watts an hour  or 312 watts a day. that is .312 kwatts my power bill is 20 cents a kwatt this means I spend 6.24 cents a day for a shot at each and every block made. my purchase cost was about 200 for the miner and the power supply. So I am 69 years old next week if I play for the next 30 years my cost will be 6.24 cents a day for 30x365=10,950  a few days added for leap years say 10955x0.0624=683.592 683.59+200=883.59 FOR 30 years of action. my chances of hitting a block are very very very very small even with 30 years play time.

I hope you will live longer enough to see this happen, I mean hit a block, I don't know that we have older people like you on this forum, you are blessed already, many fathers don't have the same knowledge that you do, I trust you have kids whom you can pass all these down to, not a single knowledge should be lost in this age of technology. I feel very happy to see someone at the age of 69 years old knowing all these stuffs. Happy Birthday in Advance, I wish you longer life mister. I am running s19 on pool mining aside for my long term accumulation..⛏️⛏️⛏️ As for my solo mining  I am rocking 4 NerdQAxe++ which gives total of 18th to 20th at times. [moderator's note: consecutive posts merged]

Stick with that. Maybe you get lucky and at the same time you are adding coin with the s19

36 solo Bitcoin blocks were found in 2025, according to Digital Mining Solutions. These solo miners received the entire 3.125 $BTC block, plus transaction fees. That was an average of $317,631 per block last year.

Over 10 million not bad

I'd like to look at the approximate statistics on the costs of solo miners for rent, electricity, and mining equipment. I'm sure this amount is much more than $10 million. The winnings in lotteries are probably much greater than in this lottery mining.

If I were selling equipment for solo mining, I would say the same thing

Granted. But some solo miners still do mine bloacks successfully from what I have read. Though the chance is like one in many billions. That could be why the OP called it lottery. This news in the OP is not the first I read about a solo miner's success. What I think is that it rarely happens but it does happen.

Granted. But some solo miners still do mine bloacks successfully from what I have read. Though the chance is like one in many billions. That could be why the OP called it lottery. This news in the OP is not the first I read about a solo miner's success. What I think is that it rarely happens but it does happen. There's a guy here who does a great job in calculating the chances of that happening. Mocaccino or something. He and the other Bitcoin experts would know.

I would advise you to research this issue and look at public statistics where they are available. Pay attention to the hashrates at which miners obtain their winning blocks. You'll be surprised to learn that the vast majority of blocks are obtained with higher hashrates, not with devices with only a few terahashes.

Ja. If you check say, -ck's solo pool you will see that in the past few years yes, there have been a VERY few folks that got lucky running tiny hash rates (under 10TH). However - the vast majority of winners there has been folks doing massive rentals ranging from a few hundred PH to almost 1 EH that ran for at least several days. Rentals of that size and time are very expensive so those were some VERY expensive "Lottery tickets".

I also spent a long time wondering who these players were, since hashrate rentals are very expensive. I can only assume they're engineers who serviced their equipment well ahead of schedule and started solo mining with their ASICs while they could. Perhaps they're also current miners who like to play the lottery. The rental price for 1 EH/s is 0.5 Bitcoin per day on Nicehash.