Solo Miner Finds Block and Earns 3.125 BTC

Monday Mining Metrics: Solo Miner Finds Block and Earns 3.125 BTC

A solo at home bitcoin miner just hit it big. They mined a Bitcoin block earning 3.125 BTC worth roughly $342,000. The problem? They owe a massive tax bill. Bitcoin mining is taxed as ordinary income, and this miner owes roughly $158,000 to the IRS for hitting this block.

This Reddit post went viral and the miner was using six nerd axe miners, which are an at home miner that don’t consume a lot of power, but they also don’t have a very high chance of actually mining in Bitcoin.

With the current network hashrate at ~1,088 EH/s, six nerd axe’s (~4.8 TH/s per miner), this miner had a ~1 in 262,000 chance of mining a Bitcoin block each day.

The odds were against this miner — but they prevailed regardless. For reference, here are how other unlikely events compare:

• Give Birth to Triplets 1 in 1,355
• Make a Hole-in-One on a Par-3: 1 in 12,500
• Stuck By Lightning in Lifetime: 1 in 15,300
• Flipping a Coin and Getting Heads 18 Times in a Row: 1 in 262,144

Despite this miner’s fortune, Uncle Sam wants to get his greedy paws on some of this Bitcoin. As stated in the post, this miner owes roughly $158,000 in taxes for mining this Bitcoin.

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But there is a way for this person to legally circumvent the tax bill all together and mine even MORE Bitcoin

New guidelines from the big beautiful bill allow bitcoin mining computers, ASICs, to qualify for 100% bonus depreciation. This individual can purchase $342k of miners, depreciate them to zero for the 2025 tax year, offset their income to zero, and then pay no income taxes legally.

$342,000 would get ~48 Antminer S21 XP Bitcoin miners. These 48 miners will mine ~0.18 BTC every month.

Running 48 full-sized Bitcoin miners at home? Impossible. This scale requires a dedicated facility with full-time technicians and low-cost electricity

That’s where Blockware steps in. Blockware provides miners with access to the best data centers in the United States, so they can stack Bitcoin while lowering their taxable income.

The chart below provides an overview of the economics of a $342,000 deployment into Bitcoin miners – every month after paying electricity costs, 48 miners will net ~0.1 BTC worth $11,800.

If you factor in the $158,000 in tax savings, this miner would breakeven in ~16 months. But it gets even better – after that, they can continue mining Bitcoin, ending up with far greater than the initial 3.125 BTC

Hitting a solo block is the Bitcoin mining jackpot – the only question is? Will this individual end up forking over nearly half of his Bitcoin to the tax man? Or will he use this as a launch pad to hyperscale his mining operation

And it’s not just this person that has to consider this opportunity – everyone with income can consider this opportunity. Whether you’re a business owner or W2 income earner, you should be trying to lower your tax bill and accumulate Bitcoin – Blockware can help you do that

For more information, fill out the form at mining.blockwaresolutions.com/info

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