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Cryptomining: there are not only power monsters in the race, you would be surprised

In recent weeks, several small-scale mining operations have successfully mined bitcoin. A fact that has become increasingly rare in recent years, however, due to the ever-increasing difficulty of mining the cryptocurrency, which only benefited large operations requiring ultra-powerful machines.

Thanks to tiny USB platforms, miners are raiding bitcoin solo

The latest example comes from a USB miner participating in solo.ckpool.org . The site offers “no-frills, no-hassle, 2% anonymous solo bitcoin mining for everyone.” Equipped with a USB platform, at a hashrate of about 8.3 terahashes per second (TH/s), the miner solved one block and earned more than $215,000 worth of BTC.

USB platforms are available on sites like Amazon or Bitcoin Merch. The one used by the miner has a hashrate of 86 TH/s, but was only running at 1/10th of its performance at the time the block was solved. To contextualize this performance, let’s remember that Bitmain announced the release of the Antminer S19 Pro+ Hyd, capable of reaching a hashrate of about 199 TH/s.

BTC price is up

Is this the return of solo bitcoin mining?

While this performance is rare, it seems to have benefited several solo miners. According to Bitcoin.com, small operations earned between $260,000 and $270,000 for the lucky ones in January. It’s only a short step from there to imagining a resurgence of solo bitcoin mining.

And yet, this profit seems to remain a rare opportunity, and there is little point in mining bitcoin alone. The process is still very resource-intensive. And even solo miners take advantage of specialized and quite expensive equipment.

Bitcoin remains very difficult to mine, and it’s not getting any easier. Moreover, the rewards would not be as great today, after the 34% drop in value seen last month on Bitcoin’s price.

Crypto miner

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