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Solo Miner earns 3.2 Bitcoin

Armed with a $200 device, a Bitcoin miner has apparently achieved the impossible.

By Mike Hesp
• 1 min read
Solo Miner earns 3.2 Bitcoin

Armed with a $200 device, a Bitcoin miner has apparently achieved the impossible. His reward is generous.

A working alone Bitcoin-miner has on July 24, 2024 block 853,742 solved and thus received a reward of 3,192 BTC. This came at the time of mining corresponds to about $211,000. The statistical probability of this is negligible, making this action equivalent to winning the lottery. In 14 years, it has occurred only 283 times. Every 2,983 blocks a solo-miner finds his luck this way. The last time was in April of this year.

According to crypto journalist Pete Rizzo, the miner remarkably used only a $200 home device. The hash-rate of the so-called "Bitaxe" from the company D-Central Technologies does not exceed 500 Gh/s.

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The miner did its mining at solo.ckpool.org. The nonprofit offers its members 98 percent of the BTC they earn. Despite its name, it is not a mining pool, but a service. It offers Bitcoin miners a home who want to continue using their outdated mining devices and continue crypto-mining "like a lottery," as stated on the website.

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