Budget Bitcoin Setup Delivers $200,000 Jackpot for Solo Miner

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Solo Bitcoin mining is making headlines again, with independent miners finding 24 blocks over the last 12 months—a 41% jump from the previous year.

A single miner recently achieved an extraordinary result, turning a small $150-scale mining setup into a reward worth around $200,000.

The miner used a compact Bitaxe ASIC device to successfully mine Bitcoin block 957,382, receiving a total reward of 3.1382 BTC.

The device was connected to the Public Pool service for only eight hours and operated with an average hash rate of 995 GH/s, equivalent to about 1 terahash per second.

The block discovery marks only the second time a standalone Bitaxe unit has successfully mined a Bitcoin block through Public Pool, with the milestone reported by the platform’s tracking account on X.

Bitaxe brings mining back to hobbyists

Bitaxe is an open-source, pocket-sized ASIC miner designed for individual users. The device uses the same Bitmain BM1370 chip found in powerful Antminer S21 machines used by large mining operations.

The Bitaxe Gamma model can deliver 1 to 1.3 TH/s of computing power while consuming only 15–21 watts. With prices ranging from roughly $60 to $150, it offers hobbyists an affordable way to participate in Bitcoin mining.

For a small device with limited computing power to discover a block is similar to winning a lottery with a low-cost ticket.

Small miners score big wins

The latest success adds to a growing list of unexpected victories among solo miners.

In 2026 alone, independent miners have discovered 12 Bitcoin blocks. A Solo CKPool user mined a block on June 29, earning 3.16 BTC, while another miner on May 31 used 14 Canaan Nano devices with a combined 157 TH/s to find a block through Braiins Solo.

Over the past year, solo miners have collectively discovered 24 blocks, receiving 75.44 BTC in rewards and marking a 41% year-over-year increase.

Despite these achievements, large-scale Bitcoin miners continue to face difficult market conditions. Lower profit margins have pushed several major mining companies to explore AI data centers and other infrastructure businesses to diversify revenue.

Meanwhile, Bitcoin mining difficulty declined 5% to 127.17 trillion on July 12 after falling more than 10% in mid-June before recovering partially.