tldr; A Bitcoin miner struck gold by mining a complete block worth 6.25BTC, equivalent to $206,000, using a $179 Bitaxe mining rig. This palm-sized device, endorsed by Altair Technology and Bitaxe, achieved this feat with a hashrate of about 500 Gh/s, despite the odds being 1 in 1.1 billion. The event highlights the unpredictable nature of Bitcoin mining, likened to a lottery, where even less powerful devices can win against more powerful ones. However, experts caution that such mining is more a game of chance than a typical investment, with better returns potentially found in traditional investments like the S&P 500 index fund.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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