Bitaxe 1 TH/s ASIC miner wins full 3.1382 BTC block reward
A home miner using a handheld Bitaxe and Public Pool found Bitcoin block 957382 after about eight hours, taking the full reward despite the network's industrial-scale competition.
An independent home miner using Public Pool mined Bitcoin block 957382 at around 03:30 on July 9 with a handheld Bitaxe device, receiving the full 3.1382 BTC block reward worth about $200,000. The machine averaged 995.2 GH/s and found the winning share after roughly eight hours, showing that even very small miners can occasionally land an entire block despite extremely long odds. The reward reflected Bitcoin's 3.125 BTC subsidy plus transaction fees. Earlier reporting described the winning setup as a compact Bitaxe ASIC miner operating at roughly 1 to 1.2 TH/s, with very low power use compared with industrial mining fleets. The new account identifies the pool as Public Pool and says the hardware used Bitmain's BM1370 chip and typically sells for $60 to $150. The episode underscores a core feature of Bitcoin mining: the process remains permissionless, meaning a small device has the same theoretical chance per hash as a far larger operation, even though large miners produce vastly more hashes and therefore win much more often. Small-scale miners often use solo-style pool infrastructure to submit work while keeping the full payout if they find a block.
- ASIC miner: Specialized hardware built to perform the calculations required for crypto mining.
- GH/s: Gigahashes per second, a measure of how many mining attempts a device can perform each second.
- Public Pool: A mining pool service that lets connected miners contribute work and, in this case, enabled the winning block submission.