In a remarkable incident, a solo Bitcoin miner rented hash power for just $75 and managed to win a Bitcoin block reward exceeding $200,000. Bitcoin mining involves computers solving complex mathematical problems to secure the network and release new currency, a process that typically requires substantial computing power and high costs. Traditionally dominated by large mining pools or companies, individual miners face very low chances of success. However, this event demonstrates that renting hash power at a low cost can occasionally yield unexpected rewards. Services offering hash power rental allow users to purchase computing power as needed without investing in expensive mining equipment. While such successes are rare and mining involves significant risks and expenses, the growing popularity of hash power rental could benefit small investors in the future. Nonetheless, market volatility, energy price fluctuations, and changes in cryptocurrency regulations and government policies remain significant challenges for this sector.
Source: decrypt
