really participate in a mining pool that will actually generate consistent income, so instead people are setting them up as “lottery miners”. Basically, at the current hash rate, there is about a 1 in 12 million chance per day that one of these miners will mine a block solo and collect the full 3.125 BTC block reward ($300k). So this is like spending $250 once on a lottery ticket that gives you a chance to win every day for the foreseeable future. That’s a 1 in 32,000 chance you will win in a year. That’s better odds than most lotteries 😂
In their docs, they claim that somebody with one of these miners did mine a block and collect the full reward last summer. LOL