Bitcoin Jackpot: Hobbyist Miner Bags $200K Using a Budget $200 Bitaxe Rig
A solo Bitcoin miner has defied astronomical odds by securing a massive block reward using nothing more than a single Bitaxe mining rig. This rare feat resulted in a 3.125 BTC payout, worth approximately $200,000, highlighting the unpredictable nature of solo mining even for those using low-power hardware.
This windfall contributes to a growing trend where payouts to hobby-level miners have reached a staggering $4.7 million over the past year. While the Bitaxe operates at a mere 1 TH/s—a microscopic fraction of the total Bitcoin network hashrate—this success story serves as a powerful testament to the potential of budget Bitcoin mining rigs.
According to the BTC mining pool Public Pool, the miner was using a Bitaxe, a budget, lower-power Bitcoin miner that costs less than $200. Despite having a hashrate of about 1 terahash per second (TH/s), which is a tiny fraction of the global Bitcoin network, the device successfully secured the block reward.
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