It’s what every Bitcoiner dreams of: buying a cheap hobby miner, processing a block with little effort (or energy), and taking home the jackpot. 

And that’s what initially appeared to happen this week, when journalist Pete Rizzo flagged on X (formerly Twitter) that a solo miner using just a cheap home machine (valued at about $400) managed to mine a block and take home a reward of 3.125 Bitcoin—worth almost $330,000 at today’s prices. 

But the reality is perhaps a bit more complicated than appears, as Rizzo explained: A solo operation did indeed use a small FutureBit mining machine—but it also received an additional hashrate boost from elsewhere.

“Someone donated hashpower to a home miner, so they could use the reward to fund open-source projects,” wrote Rizzo. 

Simply put, Bitcoin nonprofit The 256 Foundation on Wednesday used the $400 machine and asked miners to send hashrate to their self-hosted pool in order to see if they could mine a block. 

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Author: Mathew Di Salvo

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