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Hobbyist mines a Bitcoin block with a $250 device, beating 18,000-year odds.

Protocol Fundamentals
12 Jul 2026
Crypto Briefing
View Source
Neutral
pluang ai news

A hobbyist using a $250 Bitaxe ASIC miner, which runs at about 1 to 1.2 terahashes per second, successfully mined a full Bitcoin block reward of 3.125 BTC in July 2026. Statistically, this feat should take around 18,000 years for such a low-power device, highlighting Bitcoin's permissionless design where even small miners have a theoretical chance to win. While large mining operations dominate the network, this event shows that solo mining with affordable equipment can occasionally succeed, though it should be viewed more as entertainment than a profitable investment due to the extremely long expected wait times.

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Solaris Energy Infrastructure rated Buy with $97 target, boosted by growth and S&P SmallCap 600 inclusion.

Solaris Energy Infrastructure rated Buy with $97 target, boosted by growth and S&P SmallCap 600 inclusion.

Solaris Energy Infrastructure (SEI) maintains a Buy rating with a new price target of $97, driven by strong growth from its Power Solutions segment and a 2.2GW contracted capacity with major tech clients. Its upcoming inclusion in the S&P SmallCap 60...

Analyst Insights
Bullish
4 hours ago
XRP AI hits 1M transactions; Bitcoin may reach $500K; Robinhood Chain surpasses Ethereum in volume

XRP AI hits 1M transactions; Bitcoin may reach $500K; Robinhood Chain surpasses Ethereum in volume

XRP Ledger's AI agents have completed over 1 million transactions but with low financial volume, indicating the AI economy is still in early stages. Bitcoin mining veteran Chandler Guo predicts Bitcoin will hit $120,000 within a year and $500,000 in ...

Market News
Bullish
4 hours ago
Argan, Inc. posts 50% revenue growth in Q1 FY27, driven by strong project completions and $2.8B backlog.

Argan, Inc. posts 50% revenue growth in Q1 FY27, driven by strong project completions and $2.8B backlog.

Argan, Inc. reported a strong first quarter for fiscal year 2027 with a 50% increase in revenue, reaching a record $290.9 million. This growth was fueled by multiple project completions and a robust $2.8 billion backlog, supported by rising energy de...

Company Fundamentals
Bullish
4 hours ago
Global X Russell 2000 Covered Call ETF offers high yield but has structural drawbacks limiting long-term gains.

Global X Russell 2000 Covered Call ETF offers high yield but has structural drawbacks limiting long-term gains.

The Global X Russell 2000 Covered Call ETF (RYLD) provides a high monthly yield of 11.9% and achieved a 20.5% total return over the past year. However, its strategy involving at-the-money options causes structural net asset value (NAV) erosion and ca...

Analyst Insights
Neutral
4 hours ago
Ethereum uses just 7.87 GWh annually, ranking second-least energy-intensive among proof-of-stake blockchains.

Ethereum uses just 7.87 GWh annually, ranking second-least energy-intensive among proof-of-stake blockchains.

A Cambridge study found Ethereum's annual energy consumption at 7.87 gigawatt-hours, making it the second-least energy-intensive proof-of-stake (PoS) blockchain when adjusted for market value. This marks a significant improvement from its previous pr...

Protocol Fundamentals
Bullish
5 hours ago
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