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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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  • There’s more to crypto crime than meets the eye: What you need to know
  • Here's when Bitcoin analysts expect new BTC price volatility
  • New York’s PubKey Bitcoin bar will orange-pill Washington DC next
  • Bitcoin volume metric suggests '$130K-$135K BTC will happen' in the summer
  • Mega breach of 16B passwords raises crypto security fears
  • Kraken launches Bitcoin staking with Babylon integration
  • OKX brings DEX aggregator to MetaMask with Consensys partnership

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