A solo Bitcoin miner validated a $200,000 block reward with a small Bitaxe mining rig, pushing payouts to solo Bitcoin miners to $4.7 million for the past year.

A hobbyist using a $250 Bitaxe ASIC miner solo-mined a full Bitcoin block worth over $200K, beating statistical odds of roughly 18,000 years.

Bitcoin's lottery has a new winner: a hobbyist miner turned a $150 Bitaxe machine into a $200K block reward.