Bitaxe Gamma on BitcoinII — Mining Profit, Solo Odds & Cost of Production

1.10 TH/s · SHA-256 · network 14.44 PH/s. A Bitaxe Gamma solo mining BitcoinII (BTCII) has about 3 blocks per year, i.e. an expected block roughly every 114 days for the full 50.0000 BTCII (≈ 6 USD) reward.

Bitaxe Gamma on BitcoinII — Mining Truth Benchmark & Specifications

Consolidated PoW oracle metrics for operating a Bitaxe Gamma on BitcoinII (BTCII) at live network difficulty and benchmark industrial electricity (0.069 USD/kWh):

Can you solo mine BitcoinII with a Bitaxe Gamma?

Yes — a Bitaxe Gamma (1.10 TH/s) can solo mine BitcoinII (BTCII) via a solo pool. At BitcoinII's 14.44 PH/s SHA-256 network that is about 3 blocks per year — expected one block roughly every 114 days, for the full 50.0000 BTCII (≈ 6 USD) block. BackPoW computes this from live network difficulty using a Poisson block-discovery model. Realistically this is genuinely worth a patient solo run.

Hardware Tier & Ecosystem Ranking on BitcoinII

The Bitaxe Gamma is categorized in the Home / Solo Lottery Tier (Compact or low-power hardware optimized for decentralized solo lottery participation rather than commercial pool revenue.). Among all 2 tracked models on BitcoinII, it ranks #2 in electrical efficiency (60,958,333,333.33 H/W) and #2 in raw hashrate (1.10 TH/s).

Electricity Operating Costs & Breakeven

Running a Bitaxe Gamma (18 W) pulls about 0.43 kWh per day (13.1 kWh per month). At the standard rate of 0.069 USD/kWh, electricity costs roughly 0.03 USD per day (0.91 USD/month or 11 USD/year). Statistically that year returns 3.19 blocks, worth about $17.83 — expected revenue covers the power bill about 1.6x over.

The operational breakeven threshold is 0.113 USD/kWh. Expected net operating margin at benchmark tariffs:

• At 0.040 USD/kWh (Hydro / Renewable): +0.03 USD / day
• At 0.069 USD/kWh (Standard Industrial): +0.02 USD / day
• At 0.120 USD/kWh (Residential Grid): -0.00 USD / day

Break-even Coin Price Target: For this hardware to break even on electricity, BitcoinII must trade at or above 0.0682 USD at standard industrial power (0.069 USD/kWh), or 0.1186 USD at residential power (0.120 USD/kWh).

Bankroll & Variance Risk Simulator

Solo mining block discovery follows a memoryless Poisson distribution. While the average wait is 114 days, real-world dispersion ranges across 5% and 50% quantiles:

• Lucky streak (5% Odds): Block within ~6 days (1-in-20 fastest discovery, power cost: ~0 USD)
• Median expectation (50% Odds): Block within ~79 days (Nominal median, power cost: ~2 USD)
• Bad luck streak (5% Odds): Can stretch up to ~343 days (1-in-20 extended dry spell, power cost: ~10 USD)

High Variance Alert: In a 1-in-20 severe drought (~343 days), cumulative electricity burned (~10 USD) will exceed the block reward value (6 USD). Pool mining is recommended for risk-averse operators.

Bitaxe Gamma Price & Estimated ROI

Current market price: $180–$260 (estimated market price, median $220) (Hardware price estimated). Mined against its most profitable coin instead of solo, it would pay itself back in about 31.7 years.

How other hardware compares on BitcoinII

Devices in the same hashrate class, solo mining BitcoinII at today's difficulty:

How the odds have moved

BitcoinII's network hashrate climbed 13% since 2026-09-08, from 12.81 PH/s to 14.44 PH/s — so the same rig is now 13% less likely to find a block.

Where to point a Bitaxe Gamma at BitcoinII

Solo mining still runs through a solo pool: it handles the block template and pays the full reward to whoever finds the block. BackPoW tracks 30 solo pools for BitcoinII with their stratum endpoints, fees, and pool hashrates — see BitcoinII solo mining pools:

• sneakattack.se (Fee: 0% · Hashrate: 180.08 TH/s)
• jackpool.ru (Fee: 0.5% · Hashrate: 35.24 TH/s)
• nitropool.net (Fee: 0.5% · Hashrate: 11.72 TH/s)

How the odds are calculated

Each hash is an independent attempt, so block discovery is memoryless and follows an exponential distribution. The average time to a block is T = network_hashrate ÷ your_hashrate × block_time. The chance of hitting at least one block within a period t is then given by the Poisson relation P = 1 − e^(−t/T) — the realistic probability, not a misleading linear one. For this pair: daily chance 0.8704%, yearly chance 95.90%.

Frequently Asked Questions: Bitaxe Gamma on BitcoinII

Can you solo mine BitcoinII with a Bitaxe Gamma?

Yes — a Bitaxe Gamma (1.10 TH/s) can solo mine BitcoinII (BTCII) via a solo pool. At BitcoinII's 14.44 PH/s SHA-256 network that is about 3 blocks per year — expected one block roughly every 114 days, for the full 50.0000 BTCII (≈ 6 USD) block. BackPoW computes this from live network difficulty using a Poisson block-discovery model.

Is SHA-256 ASIC-resistant, and where does the Bitaxe Gamma stand?

SHA-256 is an ASIC-dominated algorithm. The Bitaxe Gamma delivers 1.10 TH/s (#2 of 2 models on BitcoinII). It belongs to the Home / Solo Lottery Tier, built for compact, decentralized solo attempts rather than commercial pool income.

What is the operating power cost and breakeven electricity rate for a Bitaxe Gamma on BitcoinII?

At 18 W, operating a Bitaxe Gamma consumes 0.43 kWh/day (13.1 kWh/month). At standard electricity (0.069 USD/kWh), the power bill is 0.03 USD/day (0.91 USD/month). The operational breakeven threshold is 0.113 USD/kWh.

What happens if my Bitaxe Gamma encounters a severe dry spell on BitcoinII?

Block discovery is an independent Poisson process with no memory. In a 1-in-20 bad luck drought (5% worst luck), finding a block can stretch up to 343 days, accumulating roughly 10 USD in power costs.

Alternative Mining Options for Bitaxe Gamma

Comparing solo odds, jackpot block value, and daily pool revenue across other coins minable with this rig: