Solo Miner Mined a Block of Bitcoin On a $299 Device

His reward amounted to 3.15 BTC or ~$250,000.

According to CKPool administrator Kon Kolivas, the probability of computing a block with such power is one in a million - on average, it requires 3,500 years of work.

In total, the user involved in mining six Bitax produced by D-Central Technologies with a combined hash rate of ~3.3 TH/s. The ”winner” was one of the Ultra model installations. It uses an ASIC chip for Antminer S19XP from Bitmain.

The newer and more powerful versions - Bitax Gamma and Supra - are built on the chip for the latest generation Antminer S21.

According to the website of hardware vendor Altair, the devices cost between $169 and $299 in the United States.

Kolivas noted that connecting multiple miners increases the chances of luck. In his opinion, it is the total computing power that plays the main role in this case.

CKPool users have already mined 297 bitcoin solo blocks, Colivas emphasized.

Recall, for the first time using the Bitax device it was possible to do this in July 2024.