The $150 Bitaxe Gamma, operating at 1 TH/second, beat 900 Exahashes

An anonymous amateur miner using a single Bitaxe Gamma device submitted a winning portion with a difficulty of 294.14 trillion against the network target of 134 trillion, successfully mining Bitcoin block 957,382.

7/14/20264 min read

Three Recent Solo Mining Blocks

The image shared with this report shows three recent successful solo mining runs tracked on the block explorer, all from 2026, illustrating that block 957,382 is not a single exception but part of an active pattern of small-scale mining successes.

Block 957,382, mined three days prior to this announcement by a Public Pool participant, yielded an additional reward of 3,125 BTC, bringing the total reward to 3.13824 BTC at the address starting with bc1q0pp7, a win for Bitaxe Gamma. Block 955,703, mined fifteen days earlier via Solo CK, showed a total reward of 3.15526 BTC at the address starting with 3Gk1GFP3, a win by another solo miner on June 29th via CKPool's low-fee solo service.

Block 951,771, mined on May 31st, shows a total reward of 3,14040 BTC at the address starting with bc1qdaqf with a reported hash rate of 157 TH/s, mined via Brains Solo, the winning Canaan Nano cluster of 14 devices, representing a significantly higher hash rate but still counted as solo block production. Each of these blocks has the same reward of 3,125 BTC, the block reward after the halving has been fixed since the April 2024 halving event, with minor fluctuations in the total reward reflecting the transaction fee content of each block.

What is Bitaxe and why is it able to do this?

The Bitaxe project is an open-source hardware initiative aimed at democratizing Bitcoin mining at the single-chip level. Specifically, the Gamma model uses Bitmain's BM1370 ASIC chip, the same chip used in the industrial Antminer S21 devices that large-scale mining operations deploy thousands of in warehouses, but in a more accessible form factor for consumers, connecting via Wi-Fi, running community-built AxeOS software, displaying live statistics on a small integrated screen, and costing less than a pair of mid-range headphones.

The device's educational background and preferences do not prevent it from functioning as legitimate Bitcoin mining hardware. Each hash generated by the Bitaxe Gamma has the same mathematical probability of solving the current block as any hash generated by an industrial S21 device, because Bitcoin's proof-of-work protocol has no concept of machine size, operator scale, or organizational position.

The network accepts valid solutions regardless of their origin. The performance of the BM1370 chip in its Bitaxe design allows it to operate continuously with power costs of only about $1 to $2 per month – a cost so low that the expected value of the device can be likened to paying $1 to $2 per month to buy a lottery ticket with a jackpot of around $200,000 and a winning rate of 1 in 18,000 years over a year of continuous operation.

Statistics: Hard to believe, but not impossible.

At a speed of 1 TH/s compared to the network's 900 EH/s, the Gamma Bitaxe accounts for approximately 0.0000011% of the total global hash rate. The estimated time to solve a block at such a low hash rate is around 16,000 to 18,000 years – a figure often cited in the media and seemingly enormous until you consider the fundamental nature of the protocol: it's going to happen, eventually it will happen. The particular Bitaxe that mined block 957,382 was working for eight hours when the event occurred, not 18,000 years. The difficulty of the winning block was 294.14 trillion – more than double the network's target of 134 trillion – indicating that the device submitted a hash that not only met but far exceeded the minimum proof-of-work threshold, confirming the solve as valid.

This event is statistically extraordinary in a precise sense: it's just as extraordinary as any other specific valid Bitcoin block solve. The same probabilistic framework governing Bitaxe's win also governs every block found by Foundry USA, AntPool, or any other mining pool; they simply operate a much larger parallel hashrate, buying more lottery tickets per second, which is why they win more often. A Bitaxe with 1 TH/s buys one ticket in about 18,000 years. Foundry USA with millions of TH/s buys proportionally more tickets, winning more blocks per day.

Assessment and Conclusion

Individual mining by Bitaxe devices doesn't significantly alter Bitcoin mining density statistics; the vast majority of blocks are still mined by large mining pools, dominated by Foundry USA and AntPool. What they demonstrate is that Bitcoin's protocol design has succeeded in its fundamental promise: a valid hash remains a valid hash, regardless of the hardware that generates it. No gatekeeper, licensing authority, or institutional intermediary can prevent a $150 device from winning a block. The permissionless nature of the protocol means that as long as someone can generate a hash and connect to the Bitcoin network, they participate in block production on cryptographic terms equal to the world's largest mining operations.

The practical consequences for Bitcoin's security model are modest but not insignificant: each individual miner participating adds real hash rate diversity to the network, making coordinated censorship or manipulation by dominant mining pools slightly more difficult as the number of entities participating in the network increases. The ideological consequences are even greater as wins in acquiring Bitcoin blocks serve as empirical proof, repeated periodically, that the Bitcoin lottery is truly open, not figuratively so, as the lottery language is applied to actual operations dominated by participants with abundant resources and structural advantages that smaller players cannot overcome.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrencies. This is not financial or investment advice at all. Every investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The opinion in the article does not represent the official position of the platform. We recommend that readers do their own research and consult experts before making any investment decisions.

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