A solo Bitcoin miner earns $200,000 by mining a block using a $150 device, showcasing the potential of solo mining.
A solo Bitcoin miner has achieved remarkable success, earning approximately $200,000 by mining a single Bitcoin block using a low-cost device. The miner, operating a Bitaxe, mined block number 957,382, resulting in a payout of 3.1382 BTC.
The Bitaxe is an open-source ASIC miner that utilizes the same chip as larger Antminer S21 machines, generating a hash rate of 1 to 1.3 terahashes per second while consuming only 15 to 21 watts of power. This compact device retails for between $60 and $150.
In this instance, the miner leveraged the Public Pool service, achieving an average hash rate of approximately 995 GH/s in just eight hours of operation. This marks the second time a Bitaxe has succeeded in mining a block within this pool.
Growing Trend in Solo Mining
The success of solo miners appears to be on the rise, with 24 blocks mined in the past year, reflecting a 41% increase compared to the previous year. Notably, in 2026 alone, solo miners have already discovered 12 blocks. This trend indicates a growing opportunity for individual miners to profit from Bitcoin mining, even with minimal investment.
While solo miners are finding success, the broader Bitcoin mining industry is facing pressures. Many larger mining companies are adapting to market conditions by shifting towards AI data centers and related technologies to maintain profitability. Additionally, Bitcoin mining difficulty has decreased by 5% recently, indicating fluctuating market dynamics.
