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

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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