Bitcoin Miner Wins Big with $266K Reward

A solo Bitcoin miner has won $266,000 worth of the asset by mining the network's 924,569th block. The individual used a machine with a hash rate of around 1.2 terahash per second, a compact machine that sells for less than $100. The miner had a less than 1 in 100,000 chance per day of earning the reward, but ultimately received 3.146 BTC. The process of mining Bitcoin individually is compared to playing the lottery, and lucrative instances occur only a little over once a month.