Learn Bitcoin Mining
What is Bitcoin?
Bitcoin is the world’s first decentralized digital currency — created in 2009 by an anonymous developer known as Satoshi Nakamoto. Unlike dollars or euros, Bitcoin is not issued or controlled by any government, bank, or corporation. There is no central authority. No one can print more of it, freeze your account, or reverse a transaction.
Bitcoin runs on a global network of computers — called nodes — that collectively verify and record every transaction on a public ledger called the blockchain. Every 10 minutes, a new block of transactions is added to this chain. This process has run continuously since January 3, 2009, without interruption.
Bitcoin has a hard cap of 21 million coins. No more can ever be created. As of 2026, over 19.99 million have already been mined. The remaining supply is released slowly through the mining process — making Bitcoin one of the scarcest assets ever created by humans.
What is Bitcoin Mining?
Bitcoin mining is the process that secures the network and introduces new Bitcoin into circulation.
Here’s how it works: every 10 minutes, thousands of computers around the world race to solve a cryptographic puzzle. The puzzle requires computing trillions of SHA-256 hash calculations — essentially guessing an enormous number (called a nonce) that produces a specific result. The first computer to find a valid answer earns the right to add the next block of transactions to the blockchain — and receives the block reward.
As of 2026, the block reward is 3.125 BTC plus transaction fees — worth over $250,000 at current prices.
This system is called Proof of Work. It requires real energy and real computation — which is what makes Bitcoin valuable and secure. You cannot fake the work. You cannot cheat the math.
Mining simultaneously accomplishes three things:
- Validates and confirms Bitcoin transactions
- Prevents double-spending without any trusted third party
- Releases new Bitcoin into circulation at a mathematically fixed, declining rate
What is Solo Mining?
Solo mining means you compete for the full block reward — independently, without sharing with a pool.
When you plug in a Bitaxe or NerdQaxe++ miner, your device connects to the Bitcoin network and begins submitting hash computations 24/7. Every hash is an independent attempt to find the valid block solution. If your device finds it before anyone else on the entire global network, you earn the complete 3.125 BTC block reward — directly to your wallet, with no middleman.
The odds are long — but they are real. And the payoff is life-changing.
Confirmed real-world solo block wins using open-source home miners:
- March 10, 2025 — A Bitaxe running at 480 GH/s found a full block, earning over $258,000
- March 23, 2025 — A Bitaxe Gamma at 1.2 TH/s found the next solo block just 13 days later
- September 5, 2025 — A NerdQaxe++ found Block 913,272 — the first Bitcoin block ever found by a NerdQaxe++ — worth approximately $348,000
- October 27, 2025 — A NerdQaxe++ cluster found Block 920,440, earning 3.141 BTC (~$347,000). That customer used the reward to pay off his home
These are not simulations. These are on-chain verified events recorded permanently on the Bitcoin blockchain.
Solo Mining vs. Pool Mining — What’s the Difference?
| Solo Mining | Pool Mining |
|---|---|
| Reward if you find a block | 100% — full 3.125 BTC |
| Payout frequency | Rare — but life-changing |
| Who it’s for | Lottery miners, Bitcoin believers |
| Our devices | Designed for solo |
Most Miami Bitcoin NerdMiner customers mine solo — connecting to free pools like Solo CKPool or Public Pool that provide the infrastructure without splitting your reward.
What is Hashrate?
Hashrate is the speed at which your miner computes SHA-256 calculations. It is measured in:
- GH/s — Gigahashes per second (billions of hashes/sec) — entry level
- TH/s — Terahashes per second (trillions of hashes/sec) — our standard unit
- PH/s — Petahashes per second — industrial scale
- EH/s — Exahashes per second — total global network (over 1,000 EH/s in 2026)
The higher your hashrate, the more lottery tickets you’re buying every second.
A NerdQaxe++ at 6 TH/s buys roughly 1 in 170,000 odds per day of finding a block.
A NerdOCTaxe at 9.6 TH/s improves those odds to roughly 1 in 106,000 per day.
What is Network Difficulty?
Bitcoin’s network automatically adjusts mining difficulty every 2,016 blocks — approximately every two weeks. If blocks are being found faster than every 10 minutes, difficulty increases. If slower, it decreases. This self-correcting mechanism keeps the block time consistent regardless of how many miners are active worldwide.
As of early 2026, Bitcoin’s network difficulty exceeds 114 trillion — which is why industrial-scale farms exist. But home miners with compact open-source hardware have still found blocks at these difficulty levels. The math doesn’t lie: every hash has a chance.
What is AxeOS?
AxeOS is the open-source operating system that runs on every Bitaxe and NerdQaxe miner. It controls the ASIC chip, manages pool connections, and serves a browser-based dashboard for real-time monitoring and configuration.
From AxeOS you can:
- Monitor live hashrate, ASIC temperature, and VRM temperature
- Switch mining pools without rebooting
- Adjust frequency and voltage for overclocking
- Set fan speed curves
- View best difficulty found (your closest call at a block)
No downloads required. No account needed. Just open a browser on your home network.
What is an ASIC Chip?
ASIC stands for Application-Specific Integrated Circuit. Unlike a general-purpose CPU or GPU that can run any software, an ASIC chip is engineered to do one thing — and do it with extreme efficiency.
Every miner in our lineup uses the BM1370 chip, manufactured by Bitmain for their Antminer S21 Pro — one of the most advanced Bitcoin mining chips in existence. The same chip that powers industrial mining farms is now available in a device you can hold in your hand, running on 18 to 200 watts.
This is the open-source Bitcoin mining revolution. And Miami Bitcoin NerdMiner is your entry point.
Recommended Solo Mining Pools
| Pool | Fee | Notes |
|---|---|---|
| Public Pool (public-pool.io) | 0% | Best for beginners. Free. No registration. |
| Solo CKPool (solo.ckpool.org) | 2% | Established, reliable. Large community. |
| Ocean Mining (ocean.xyz) | 0–2% | Non-custodial. Advanced users. Supports DATUM. |
All pools require only your Bitcoin wallet address — no KYC, no account signup.
Important: Not Financial Advice
Solo Bitcoin mining is a low-probability, high-reward activity — similar to a lottery with ongoing operational costs. Miami Bitcoin NerdMiner / 925Lab sells hardware only. We make no representation that any device will generate profit, find a block, or produce any specific return. Mining rewards depend on hashrate, network difficulty, pool selection, Bitcoin price, electricity costs, and statistical variance.
This is not financial advice. Do your own research. Mine because you believe in Bitcoin — not because you expect a return.
Bitcoin Education section prepared by 925Lab — Miami Bitcoin NerdMiner
Document prepared by 925Lab for Miami Bitcoin NerdMiner Shopify.