Solo bitcoin miner makes $200,000 using $150 equipment
Solo Bitcoin mining has surged, with 24 blocks found in the past 12 months, a 41% increase year over year.
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Summary
- A solo miner using a low-power, credit-card-sized Bitaxe device unexpectedly mined Bitcoin block 957,382, earning 3.1382 BTC worth about $200,000 despite odds estimated at once in 18,000 years.
- The Bitaxe, an open-source ASIC miner using the same chip as industrial Antminer S21 machines, delivers about 1 to 1.3 terahashes per second at 15 to 21 watts and costs between $60 and $150.
- Solo Bitcoin mining has surged, with 24 blocks found in the past 12 months, a 41% increase year over year.
