Bitcoin Forum

When mining Ethereum are there anything like lucky shares? I heard one can make more once in a while depending on luck though, there was a news when DeFi hype was ongoing in 2020 too that miners are making extra, can someone explain more about this?

depending on your hashrate you can get a reward between a month or six, if solo mining and not in a pool, maybe even more now when the network difficulty significantly increased.

yeah sometimes you got extra share, but most likely from lot of transaction on eth network like these day, many defi project crowded eth network

and many deploy contract and the miner got fee extra from that, sometimes you got 4x more coin, yeah defi hype fueling the network and extra fee goes to miner

I think you are referring to a lucky "block" and not a lucky share. When you are mining you send shares to the pool, when they are over a certain difficulty they are counted and its whats used to estimate your hashrate and pay you a portion based on your work. If you are pool mining then it doesn't matter if you find the lucky share which is a block because you are still paid the same.

So every block has a miner reward plus transaction fees. With ETH  especially during the DeFI craze or when ETH hit a new ATH, the transaction fees were very high. Something like $5 to send a single ETH transaction and for DeFI were more like $50.

So its possible that you can get very lucky, find a block where the reward is 4x the regular reward.

Highly not recommend because it will take more than months to solve a block in solo mining, do not try this unless you have a farm that consists of Terahash Ethereum hashing power, you can still solve lucky blocks in pool mining but do not concentrate on that