Solo Miner Mints 3.15 Bitcoins Using 480 GH/s Machine

A solo miner successfully mined Bitcoin block #887,212 using a 480 GH/s Bitaxe machine, earning 3.15 Bitcoins, valued at approximately $257,963. This achievement is notable as it typically requires around 3,500 years for such a small miner to find a block, with daily chances lower than 1 in a million.

Key points include:

The miner is associated with the solo.ckpool mining pool.
This performance highlights the potential for small miners in an industry dominated by large entities.
Cost-effective tools like Bitaxe can enhance accessibility for micro miners.
In contrast, an Antminer S9, with a hashrate of 13.5 TH/s, generates only $0.7365 per day, equating to 0.0000089 BTC.

Implications for Small Miners

The success of this solo miner provides optimism for smaller participants in the mining sector and emphasizes the development of open-source, transparent mining solutions. However, challenges remain due to high operational costs and limited home mining activity.