Successfully mining a block using only a solo miner ?!

[I4BTC]

Hello,
I hope you and your bitcoins are doing great.

Every now and then, I read news reports about a small home miner (solo miner) successfully mining a block and earning the reward.
I have done some research in books and online, and I know that mining is very costly.
Of course, I also realize that such news might just be a promotional stunt for a specific mining brand.

However, I have a few key questions and uncertainties, and I would appreciate your help:

1- Is this actually true? Can one really succeed in mining using just a miner that costs a few hundred dollars, consumes little power, and is cooled by a simple computer fan?

2- Is it a wise idea for me to look for and buy such miners on Amazon? Which solo miners available on Amazon would you recommend?

3- Do I need extensive technical knowledge to operate solo miners?

4- Does the miner need to be connected to power and the internet 24/7?

Thank you sincerely. Please excuse any errors in the text, as I am using a translator. 🌹

[philipma1957]

1) It is true people win them.
2) if you are usa based use altairtech.io
3) no and if you buy one from altairtech  the hammer miners have support and reviews
4) you can shut it off whenever you want.

I would say get one of these two.

https://altairtech.io/product/hammer-miner-bc04-home-bitcoin-miner/


https://altairtech.io/product/thor-p2-bitcoin-miner/

feel free to ask questions

this is on the newer p2 model it costs more and uses a newer chip

https://bitcointalk.org/index.php?topic=5592024.0

this is on the older bc04 model it costs less and uses and older chip

https://bitcointalk.org/index.php?topic=5587721.0

if you buy one and solo mine it is more than likely you will not hit a block and

thus lose your money.

much like if you play a lottery ticket you most often lose.

[I4BTC]

1) It is true people win them.
2) if you are usa based use altairtech.io
3) no and if you buy one from altairtech  the hammer miners have support and reviews
4) you can shut it off whenever you want.

I would say get one of these two.

https://altairtech.io/product/hammer-miner-bc04-home-bitcoin-miner/


https://altairtech.io/product/thor-p2-bitcoin-miner/

feel free to ask questions

this is on the newer p2 model it costs more and uses a newer chip

https://bitcointalk.org/index.php?topic=5592024.0

this is on the older bc04 model it costs less and uses and older chip

https://bitcointalk.org/index.php?topic=5587721.0

if you buy one and solo mine it is more than likely you will not hit a block and

thus lose your money.

much like if you play a lottery ticket you most often lose.

Thank you very much for your valuable assistance.

I am located in the Middle East, so Amazon (specifically the Turkey and UAE stores) is more convenient for me. However, I could try to purchase the miner through an intermediary—such as a friend in a country like the US—provided there are no issues regarding weight or shipping logistics.

I have a few more questions; thank you for inviting me to ask if anything else came up 🌹.

1- Do you recommend buying both of the miners you linked? I ask because you mentioned at the end: "if you buy one and solo mine it is more than likely you will not hit a block and thus lose your money."

2- Internet access in my country is restricted and censored; we generally need a VPN to use global apps and websites. Will this cause any problems for mining?


Thanks again

[Stalker22]

1- Do you recommend buying both of the miners you linked? I ask because you mentioned at the end: "if you buy one and solo mine it is more than likely you will not hit a block and thus lose your money."

Statistically, you will have twice the chance of solo-mining a block with two miners than with one, but...

...twice of practically zero is still practically zero.

To put it in perspective: if a single miner gives you a 1 in 100 million chance of finding a block in a given year, adding a second miner doubles your odds to 2 in 100 million.

[FP91G]

Hello,
I hope you and your bitcoins are doing great.

Every now and then, I read news reports about a small home miner (solo miner) successfully mining a block and earning the reward.
I have done some research in books and online, and I know that mining is very costly.
Of course, I also realize that such news might just be a promotional stunt for a specific mining brand.

However, I have a few key questions and uncertainties, and I would appreciate your help:

1- Is this actually true? Can one really succeed in mining using just a miner that costs a few hundred dollars, consumes little power, and is cooled by a simple computer fan?

2- Is it a wise idea for me to look for and buy such miners on Amazon? Which solo miners available on Amazon would you recommend?

3- Do I need extensive technical knowledge to operate solo miners?

4- Does the miner need to be connected to power and the internet 24/7?

Thank you sincerely. Please excuse any errors in the text, as I am using a translator. 🌹

People who buy lottery tickets sometimes win, too, and their chances are better than yours in mining.
Most solo blocks are mined with a high hashrate, but the chances of hitting a block on a device with 1-10 terahashes are very slim. All devices require maintenance, but this consists of cleaning and changing the thermal paste. This is not difficult even for a beginner.

[NotFuzzyWarm]

'using only a solo miner' is not correct.
A solo miner is a person or company that mine by themselves eg. they are not part of a pool that shares rewards. It is NOT a type of machine. The actual hardware might be a single USB stick miner or a large farm of large multi-hundred THs miners and anything in-between.