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Anton Chekhov’s Take on a Lucky Bitcoin Miner’s Windfall

BBG News

In a corner of the world where the sun scorches the earth and the electricity bills are as high as the kangaroos, a peculiar pool named “ckpoolau” has emerged. This pool, a distant cousin of the CKpool network, operates on its own, much like a lone kangaroo in the vast Australian outback, due to the peculiar demands of regional connectivity.

Its creator, the ever-optimistic Kolivas, envisions a future where this pool will be populated by low-power Bitaxe rigs, the kind that hum quietly like a sleepy koala, and will likely remain the weakest in the CKpool network. Why? Because electricity in Australia costs as much as a ticket to the opera in Moscow—nearly double the price in the United States.

Solo mining in Australia, you see, is not for the faint of heart. Running a Bitaxe unit can set you back up to AUD 22 cents a day, and the chances of striking it rich with a Bitcoin block are about as likely as finding a snowflake in the Outback—estimated at once every 14,000 years. Yet, there are those who, like Don Quixote, tilt at windmills, or in this case, at the blockchain.

But every now and then, fortune smiles upon the brave. One such miner, with a hashrate as massive as a herd of elephants—200 PH/s—managed to solve block 904,989 and bagged a whopping 3.175 BTC. Kolivas, ever the detective, suspects the miner was renting this power, not unlike borrowing a neighbor’s car for a grand adventure. At that scale, a block win is as regular as the tides, roughly once a month.

Kolivas, a man known for his zero-fee shared mining pool, sees this Australian expansion as a step towards a more decentralized world, even in the face of high costs. It’s a noble goal, much like trying to teach a kangaroo to waltz, but one that, in the spirit of Chekhov, is worth the effort. 🦘✨

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2025-07-13 11:56

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