Solo Bitcoin Miner Nets $200K Profit With Just $150 Setup

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Solo Bitcoin mining has gained momentum, with 24 blocks discovered over the past year—a 41% increase compared to the previous year.

In a stroke of luck reminiscent of winning the lottery, a solo miner recently turned a small investment into a massive payout.

Using a compact, hobbyist-level device known as a Bitaxe, the miner successfully processed Bitcoin block 957,382, earning 3.1382 BTC—valued at around $200,000.

Remarkably, the setup was only running for eight hours via the Public Pool platform, with an average hash rate of just 995 GH/s, or roughly 1 terahash per second.

This marks the second instance of a single Bitaxe device successfully mining a block through Public Pool. The achievement was shared on X by the Public Pool tracking account.

What is a Bitaxe?

A Bitaxe is a small, open-source ASIC miner roughly the size of a credit card. It uses the same Bitmain BM1370 chip found in large-scale Antminer S21 machines. The Gamma model delivers between 1 and 1.3 TH/s while consuming only 15–21 watts of power, and typically costs between $60 and $150.

In simple terms, it’s like hitting a lottery jackpot with a cheap scratch-off ticket.

Solo mining is gaining traction

This isn’t an isolated case of outsized returns from small-scale mining.

In 2026 alone, solo miners have already discovered 12 blocks. On June 29, a miner using Solo CKPool earned 3.16 BTC, while on May 31, another miner using a small cluster of 14 Canaan Nano devices (totaling 157 TH/s) successfully mined a block via Braiins Solo.

Over the past year, solo miners have uncovered 24 blocks in total, marking a 41% increase year-over-year and earning a combined 75.44 BTC in rewards.

Despite these wins, the broader mining industry is facing mounting challenges. Profit margins are tightening, pushing several large Bitcoin mining firms to shift toward artificial intelligence data centers and related infrastructure to remain competitive.

Meanwhile, Bitcoin mining difficulty fell by 5% to 127.17 trillion on July 12. It had previously dropped by more than 10% in mid-June before staging a partial recovery.