See Three New Gadgets for Bitcoin Home Miners
You don’t need to own a massive Bitcoin (BTC) mining farm to start mining this largest cryptocurrency network at home, as new solutions are coming to market that might help with exactly that. The plot twist? The results of this mining range from consistent losses to huge payouts.
Two announcements this week introduced two new gadgets to the market.
BTC mining hardware giant Canaan launched two new miners that also function as home heaters. Almost all the energy used by Bitcoin mining hardware is converted into heat, which is utilized both on industrial levels and in homes.
Therefore, in an attempt to strengthen its position in the home mining sector, Canaan updated their product line with the Avalon Mini 3 and Nano 3S.
The Avalon Mini 3, measuring 760 × 104 × 214.5 mm, weighs around 8 kg and boasts a hashrate—or computational power—of approximately 37.5 Th/s (terahashes per second). The device is available for pre-order starting at $899.
Meanwhile, the Avalon Nano 3S is smaller (205 × 115 × 58.5 mm), lighter (0.9 kg), and less powerful (6 Th/s). Naturally, it is also cheaper, with prices starting at $249.
For comparison, some higher-range miners from Canaan can reach a hashrate of 218 Th/s. The higher the hashrate, the greater the chances of earning BTC while mining. However, the most powerful hardware is typically connected to even more powerful mining farms, making the hashrate of home miners minuscule. To start earning—or at least avoid losses—home miners, including those using this hardware as a heater, should connect to mining pools that compete for BTC rewards and redistribute them to participants.
Meanwhile, a new trend is emerging in the Bitcoin world: solo mining. This approach involves enthusiasts buying relatively affordable hardware—ranging from $100 to a few hundred dollars—and trying their luck to win BTC rewards on their own, without connecting to any pool.
Developers of such solo mining solutions, Solo Satoshi, upgraded their product line with the Bitaxe Touch machine, which is not yet available for order. According to the team, the new gadget (priced at $299.99) can achieve a hashrate of 1.6 Th/s.
This type of solo mining is considered a kind of lottery that simultaneously helps further decentralize Bitcoin mining. This trend is expected to accelerate.
Last year, in 16 instances, solo miners won the BTC 3.125 ($292,000 in today’s prices) reward (each) for finding a Bitcoin blockchain block and were also able to collect transaction fees associated with these blocks. For comparison, in 2023, there were 12 such instances. However, the chances of winning remain quite small. In 2024, Bitcoin miners collectively found around 53,000 blocks in total.