The chance of a single 1 PH/s miner mining a block is about 1 in eight years
A solo miner on August 18, 2023 mined a block in the bitcoin network with the number 803,821 and received a reward of 6.25 BTC (over $160k).
He was a user of the CKPool mining pool with the wallet address bc1q2za4ejga366sn28827273pty8trasn5zs4y9hqg6. According to the service administrator. This miner could use 10 S17 devices with a capacity of about 1 PH/s.
According to the calculator on solochance.com, at the current complexity of Bitcoin mining, the chance of a single miner with this power to mine a block is about 1 in eight years.
Our experts remind that on January 11, 2022, a single miner with a computing power of 126 TH/s successfully mined a bitcoin block of 718,124 and received a reward of 6.25 BTC (almost $270 thousand at the cryptocurrency's exchange rate of $42.8 thousand). The miner's share of the total computing power was only 0.000073%, which means the probability of successfully adding 1 block to 1.36 million.
Also on May 23, a single miner with a computing power of 750 TH/s successfully mined bitcoin block number 790,958. The miner was rewarded with 6.25 BTC (about $170k at the exchange rate of $27.3k) for the found block. The total hash rate on the bitcoin network on May 23 was 367.07 exahashes per second (EH/s). 1 EH/s is equal to 1 million TH/s. With a processing power of only 750 TH/s, a lucky miner had only 1 chance out of 489 thousand to successfully find a block. $BTC