Public blockchain records and mining pool announcements

Bitaxe Miner with 500Gh/s Earns $206K by Mining 290th Bitcoin Block

Jul 24, 2024, 10:05 PM

A Bitaxe Bitcoin miner has successfully mined a Bitcoin block on the Solo CKPool, marking a significant achievement in the open-source Bitcoin mining hardware community. The miner, with a hash power of just 500Gh/s, managed to mine the 290th Bitcoin block, earning a reward of $206,000. This rare feat, with odds of 1 in 1 billion every ten minutes, highlights the potential of solo mining in a field dominated by large-scale operations. The Bitaxe miner achieved this with 3TH of power.