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What Are Bitaxe's Chances of Finding a Bitcoin Block?

What Are Bitaxe's Chances of Finding a Bitcoin Block?

16-02-2025 20:19

What are the Probabilities of Finding Bitcoin in Bitaxe Hardware 401 Supra - Gamma 601 and Gamma GT - Gamma Turbo Series?

The Bitaxe 601 Gamma is a compact Bitcoin miner designed for solo or pool mining using a BM1370 ASIC chip . The Bitaxe 4014 Supra uses a BM1368 ASIC chip, while the Bitaxe Gamma Turbo uses 2x BM1370 ASICs. However, the odds of these Bitaxe hardware finding a Bitcoin block on their own depend on factors such as the hashrate capacity of the device and the difficulty level of the Bitcoin network.

What Types of Cryptocurrencies Can Bitaxe Mine or Find?

With Bitaxe, it can only solve and mine blocks of mined cryptocurrencies as a full block using SHA256 hash technology.

The main cryptocurrency types supported by Bitaxe and its software are as follows.

Bitcoin (BTC)

Bitcoin Cash (BCH)

Bitcoin SV (BSV)

eCash (XEC)

DigiByte (DGB)

Cryptocurrencies such as can be transferred to cold wallets by Bitaxe with a block finding reward.

General Technical Features of Bitaxe

Hashrate: 733 GH/s / 1.2 TH/s - 2.2 TH/s (terahash/second) Bitaxe Supra - Bitaxe Gamma - Bitaxe GT Turbo
Electric Power consumption: Approx. 12-20W
Mining algorithm: SHA-256 (Bitcoin mining and other types of cryptocurrencies that work with SHA-256)

Although these values seem relatively low when compared to large-scale ASIC devices, they are an interesting experience and option for those who want to do solo mining with a small Bitcoin miner hardware in a home environment.

Realistic Expectations in Solo Mining

If you are solo mining , your chances of finding a block with Bitaxe hardware will vary depending on the cryptocurrency model. If you are a lucky person, One day you might mine an entire block of cryptocurrency or Bitcoin in epic fashion.

Pros: A single Bitcoin block you find alone currently brings an epic reward of 3.25 BTC (~$315,000 USD) .
Disadvantage: Low probability, stable gain.

Recommendation: If you want to do solo mining, you can connect the device to a pool like Solo CKPool , which will process and give the entire block reward to a lucky miner into a cold bitcoin wallet.

Conclusion: Is it possible to earn Bitcoin with Bitaxe?

Yes, there is a chance of finding Bitcoins in solo Bitcoin mining.

In summary:

You can try your luck by solo mining with Bitaxe Gamma, but the probability of finding a block is based on the chance of finding a block that can be solved with mathematical software.
With Bitaxe Gamma and other Bitaze hardware, you can achieve more regular but very low and small earnings with pool mining.
Bitaxe hardware devices are ideal for home and office miners who want to learn or test Bitcoin and other cryptocurrency mining with low power consumption.
It is not possible to make big profits alone.

If you are a long-term solo miner, Bitaxe 601 Gamma is a great device to experience Bitcoin mining at a low cost. However, for consistent earnings, it makes more sense to pool mine with professional Bitmain Antiminer series devices for large-scale ASIC devices or pool mining.

Bitaxe 401 Supra BM1368 ASIC 733 GH/s Hardware Values and Probability of Finding 3.25 Bitcoins

Bitaxe 601 GAMMA BM1370 ASIC 1.2 TH/s Hardware Values and Probability of Finding 3.25 Bitcoins

Bitaxe GAMMA TURBO - Bitaxe GT- 2x BM1370 ASIC 2.2 TH/s Hardware Values and Probability of Finding 3.25 Bitcoins

You can examine the possibility of Bitaxe hardware finding blocks on the Bitcoin Cash block and other SH256 compatible cryptocurrencies in detail on the SoloChance.Org website.

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