Crypto fan using mini-Bitcoin mining device earns $206,000 overnight

You have probably seen it pop up as an advertisement on Google or some other search engine. Those little DIY (do it yourself) Bitcoin mining devices that the internet tries to sell you because you are a person who sometimes reads articles about crypto and digital currencies.

Cookies track what you read, hence you receive advertisements for those devices. The powers that be know you have a credit card, are into crypto and so ….

Mining device for $120

Well, before you click away that ad next time, do note that an unknown crypto fan with a device like this costing about $120 had put it to work mining Bitcoin and turned very lucky this week. In the race against the major Bitcoin mining companies, he struck the jackpot. As he mined the last block, it just earned him 6.25 BTC or $206,000. Not bad for a $120 investment, of course.

🏆Congratulations to the miner who likely mined the first solo BTC block with a Bitaxe on @ckpooldev with ~500 Gh hashrate!

👏Props to @skot9000, @Public_Pool_BTC & @osmu_global on the project!

You can buy these proven winners here👇
🛒https://t.co/fiEPh4pRA8#WeMineBitcoin pic.twitter.com/C6D9Jj1HlR

— Altair Technology® ⛏️ (@altair_tech) July 24, 2024

Normally, operating with such a device is usually not profitable, since you mainly pay for electricity to run it 24 hours a day and you have one chance in a billion to mine a Bitcoin block. However, given the large number of Bitcoin mining companies operating worldwide, that opportunity occurs every 10 minutes. In essence this means that you can win 6.25 BTC at least once every 20,000 years.

A very lucky miner. Congratulations.