News Cryptominer with palm-sized $179 ASIC hits the jackpot with $206,000 in Bitcoins

[Admin]

An individual miner successfully mined a complete block using a small, open-source Bitaxe miner with ~500Gh/s hash rate, winning approximately $206,000.

Cryptominer with palm-sized $179 ASIC hits the jackpot with $206,000 in Bitcoins : Read more

 

[voyteck]

If I'm not missing anything, it means 1 to 7,638,888 chance to hit the jackpot every 24 hours. Apart from the payout, with 11W of power it's still much, much better that an actual lottery.

 

[Geef]

If you ever buy a lottery ticket. Don't buy it to win. Buy it to think of all the stuff you could do with the money. That time is worth the 2 dollars of a ticket.

 

[Co BIY]

If you ever buy a lottery ticket. Don't buy it to win. Buy it to think of all the stuff you could do with the money. That time is worth the 2 dollars of a ticket.

And I could accomplish that by just thinking about buying a ticket. Save $2 and a trip to the convenience store.

 

[Air Camera]

So, there IS a chance? Lol

 

[Jay29992]

Most likely the company selling these ran every one they had. Waited for one to hit then started the marketing campaign.

 

[Kondamin]

So all you need to do is compress time 20000 times and you would be winning within the year.

 

[mRpdMPbHnLdopYkXNMKY]

I am not technically savvy, so I ask the question.
If he earned 6.25 BTC and 1 BTC = about $64,000, then didn't he earn $400,000?
Why was it cut in half?