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Lone Bitcoin miner wins block using tiny, cheap rig — ‘1 in a million chance’

cryptoweekly by cryptoweekly
March 12, 2025
in bitcoin, News
0

A solo Bitcoin miner successfully mined Bitcoin block 887,212 using a pocket-sized Bitaxe machine and banked around $263,000.

A solo Bitcoin miner using a relatively cheap, pocket-sized crypto mining rig has solved one of the blockchain’s blocks and earned the full $263,000 reward.

The miner became the 297th solo miner to mine a Bitcoin block from the solo.ckpool Bitcoin (BTC) mining pool, its developer, Con Kolivas, said in a March 10 X post.

He added the miner used a 480-gigahash per second (GH/s) Bitaxe machine. For comparison, many big crypto-mining companies use machines that can operate at over 230,000 GH/s.

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Recent Posts
  • Bitcoin could consolidate, but ETH, HYPE, TAO and QNT may resume their up move
  • The machine economy has arrived and bots have wallets
  • Bitcoin traders target $100K and under as monthly close seals 11% gain
  • Czech justice minister resigns over $45M Bitcoin gift from convict
  • France charges 25 over crypto kidnapping spree in Paris
  • Crypto crooks targeted $244M in May, hack losses down 40% — PeckShield
  • Auction of Silk Road Founder Ross Ulbricht’s items nets over $1.8M

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