# Block Reward Related Articles

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From $150 to $200,000 in 8 Hours: This Year Has Seen Many Bitcoin Mining "Chosen Ones"

Title: 8 Hours, $150 to $200,000: Bitcoin Mining's 'Chosen Ones' in 2026. In early July 2026, a miner connected a $150 Bitaxe Gamma device (with a hash rate below 1 TH/s) to home Wi-Fi. Miraculously, after just 8 hours on a public pool, it mined block 957382, earning 3.1382 BTC (~$200k). With the device's share of the total network hash rate being less than one 900-millionth, the theoretical waiting time was an astronomical 16,701 years. This event, with odds similar to winning a major lottery, is not isolated in 2026. In February, a miner rented 1 PH/s of hashing power for $75 and mined a block within hours. In March, a 480 GH/s Bitaxe Pocket Rig defied 25,000-year odds to find a block worth ~$258k. Other cases followed in April and May, where small-scale or outdated hardware operators successfully mined blocks through solo or public pools. According to statistics, individual miners have found 12 blocks in 2026 so far. However, over 99.9% of blocks are still controlled by industrial mining pools. These stories represent extreme statistical luck, akin to winning a mathematical lottery, rather than a shift in mining dynamics. They capture attention precisely because of their absurdly low probability, highlighting that while most miners cover electricity costs with little return, a few "chosen ones" occasionally hit the jackpot.

Foresight News07/15 09:03

From $150 to $200,000 in 8 Hours: This Year Has Seen Many Bitcoin Mining "Chosen Ones"

Foresight News07/15 09:03

Industry Expert Predicts Complete Bitcoin Collapse – Here’s The Timeframe

Justin Bons, founder and CIO of CyberCapital, predicts Bitcoin could face a total collapse within the next 7 to 11 years. He argues that Bitcoin’s security model is fundamentally flawed due to its halving mechanism, which reduces block rewards for miners every four years. As rewards decline, miner revenue decreases, undermining the economic incentives that secure the network. Bons contends that rising hashrate does not equate to stronger security, as improved mining efficiency lowers the cost of potential attacks. He warns that within two to three halving cycles, the cost of executing a 51% attack could become economically viable, especially through double-spend attacks on exchanges. Without increasing Bitcoin’s fixed supply—a highly contentious change—the network may eventually become vulnerable to collapse.

bitcoinist01/18 10:02

Industry Expert Predicts Complete Bitcoin Collapse – Here’s The Timeframe

bitcoinist01/18 10:02

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