Solo Bitcoin mining has seen a significant increase, with 24 blocks mined in the last year, representing a 41% rise compared to the previous year.
By Omkar Godbole, AI Boost|Edited by Shaurya Malwa Jul 14, 2026, 4:43 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- A solo miner utilizing a compact, low-power Bitaxe device successfully mined Bitcoin block 957,382, netting 3.1382 BTC valued at approximately $200,000, despite odds estimated at 1 in 18,000 years.
- The Bitaxe is an open-source ASIC miner that uses the same chip as large-scale Antminer S21 machines, achieving a hash rate of 1 to 1.3 terahashes per second with a power consumption of 15 to 21 watts, priced between $60 and $150.
- In the last year, solo Bitcoin miners have discovered 24 blocks, marking a 41% increase from the previous year.
A solo bitcoin miner recently experienced a stroke of incredible luck, transforming a small investment into a substantial profit.
This miner, using a hobby-grade device known as a Bitaxe , successfully mined Bitcoin block number 957,382, earning 3.1382 BTC, valued at around $200,000.
The miner operated the rig for just eight hours via the Public Pool service, achieving an average hash rate of only 995 GH/s, approximately 1 terahash per second.
This incident marks the second occasion a single Bitaxe has mined a block within the Public Pool.
Public Pool, which tracks this data, announced the win on X.
Solo BTC miner scores a significant win. (Public Pool)Understanding the Bitaxe
The Bitaxe is a compact, open-source ASIC miner that utilizes the same Bitmain BM1370 chip found in industrial Antminer S21 machines. The Gamma version of the Bitaxe generates between 1 to 1.3 TH/s while consuming only 15-21 watts of electricity. It can be purchased for between $60 and $150.
It's akin to winning a lottery with a scratch-off ticket purchased from a gas station.
The Rise of Solo Mining
This isn't the first instance of a solo miner achieving significant success with minimal investment.
Solo miners have already discovered 12 blocks in 2026 alone. On June 29, a participant on Solo CKPool mined 3.16 BTC, and on May 31, another miner using a small cluster of 14 Canaan Nano devices (totaling 157 TH/s) hit a block on Braiins Solo.
In total, solo miners have claimed 24 blocks in the past year, reflecting a 41% increase from the prior year, with a cumulative payout of 75.44 BTC.
While solo miners continue to find success, the larger industry faces significant challenges. Many major Bitcoin mining firms are pivoting towards artificial intelligence data centers and related infrastructure to remain viable due to tightening margins.
As of July 12, Bitcoin mining difficulty decreased by 5% to 127.17 trillion, having fallen over 10% in mid-June before partially recovering.
Bitcoin MiningAI Disclaimer: Portions of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.Latest Crypto News- 1Bitcoin dips as traders adjust July Fed rate hike expectations ahead of inflation report2 hours ago
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
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CEX trading volumes increased for the first time in five months in June, with spot volumes climbing 15.3% to $1.11 trillion and RWA perpetual volumes reaching a record $311 billion.
By CoinDesk Research18 hours agoCEX trading volumes increased for the first time in five months in June, with spot volumes climbing 15.3% to $1.11 trillion and RWA perpetual volumes reaching a record $311 billion.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11 trillion and RWA perpetual volumes reaching a record $311 billion.
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