BitAxe Complete Guide UK 2026: Solo Bitcoin Mining at Home

₿

Explore the Crypto Hub

Compare crypto exchanges, wallets & hardware — find the best rates.

BitAxe is an open-source, standalone Bitcoin miner that lets you solo mine BTC from home. It's known as 'lottery mining' — the odds of hitting a block are tiny, but the reward is an entire block (3.125 BTC ≈ £250,000+). This guide covers everything UK buyers need to know.

What is BitAxe?

BitAxe is a compact, open-source ASIC miner built around a single BM1366 or BM1368 chip (the same chips used in industrial Antminers). It connects to WiFi, runs silently, and uses just 12–15W of power — less than a lightbulb.

BitAxe Models Compared

Model	Chip	Hashrate	Power	Price (approx)
BitAxe Ultra (BM1366)	BM1366	~500 GH/s	12W	£70–90
BitAxe Supra (BM1368)	BM1368	~700 GH/s	15W	£90–120
BitAxe Hex (6-chip)	6× BM1366	~3 TH/s	65W	£300–400

How Lottery Mining Works

Unlike pool mining where you earn tiny fractions daily, solo mining means you're competing to solve an entire Bitcoin block yourself. The odds are extremely low — but if you win, the entire 3.125 BTC block reward is yours.

Odds per day (500 GH/s): Roughly 1 in 1.2 million
Expected time to find a block: ~3,200 years (statistically)
But: Someone wins every 10 minutes — it could be you on day 1
Cost to run: ~£15–25/year in electricity (UK rates)

Think of it like a lottery ticket that costs pennies per day to run. You're not mining for profit — you're mining for the chance of a life-changing payout.

Setup Guide

1Buy a BitAxe — Available from The Solo Mining Company, AliExpress, or build your own (open-source design)
2Connect to WiFi — BitAxe creates a WiFi hotspot on first boot for configuration
3Point to a solo pool — Use solo.ckpool.org or public-pool.io (no fees)
4Enter your Bitcoin address — Where your block reward goes if you win
5Let it run 24/7 — Silent, low power, set and forget

UK Electricity Costs

Device	Watts	Daily Cost (30p/kWh)	Annual Cost
BitAxe Ultra	12W	£0.09	£31
BitAxe Supra	15W	£0.11	£39
BitAxe Hex	65W	£0.47	£170

Is BitAxe Worth It?

✅ Pros

Silent, tiny, fun hobby, supports Bitcoin decentralisation, open-source, cheap to run

❌ Cons

Extremely unlikely to ever mine a block, not profitable in traditional sense

💡 Best For

Bitcoin enthusiasts who want skin in the game and understand the lottery odds

⚠️ Not For

Anyone expecting regular mining income or ROI

Important: BitAxe is NOT a path to regular mining income. Treat it as a fun hobby and a way to support Bitcoin decentralisation — with an astronomically small chance of a huge payday.

START TODAY

Compare Crypto Hardware

Browse Bitcoin mining hardware and crypto wallets

View Hardware →

Sento earns a referral if you click — never affects our recommendations.

₿

Want more? Visit the Crypto Hub