Anyone Can Mine Bitcoin

Learn how Solo Satoshi is revolutionizing Bitcoin home mining with open-source Bitaxe devices. In this episode, Matt explains why anyone can mine Bitcoin, how it strengthens decentralization, and the future of mining in a Bitcoin-standard world.

Welcome back to The Bitcoin Libertarian, where we talk with the thinkers, builders, and advocates shaping the Bitcoin ecosystem. In this episode, we’re joined by Matt from Solo Satoshi, a leader in open-source home Bitcoin mining. Solo Satoshi’s mission is to make Bitcoin mining accessible, decentralized, and secure — returning this critical function of the Bitcoin network to everyday individuals.

In a landscape dominated by large industrial mining operations, Matt and his team are proving that anyone, anywhere, can mine Bitcoin, contribute to the network, and uphold its foundational ethos.

Table of Contents

From Books to Blocks: Matt’s Bitcoin Journey

Matt’s entry into Bitcoin began with a familiar path: reading Rich Dad Poor Dad, which led to a deeper exploration of financial systems through The Bitcoin Standard and The Creature from Jekyll Island. Disillusioned with traditional finance, he turned to Bitcoin as a beacon of hope and a tool of empowerment.

The Birth of Solo Satoshi

Laid off from his job and armed with curiosity, Matt discovered the Bitaxe, a small, open-source Bitcoin miner. After experiencing its ease of use and minimal energy consumption, he realized the transformative potential: Bitcoin mining could return to individuals.

He founded Solo Satoshi with a mission to distribute affordable Bitaxe miners and help decentralize the mining process. Today, the team has sold over 10,000 devices globally and is driving home mining adoption.

What Is Open-Source Bitcoin Mining?

Open-source Bitcoin mining means the schematics, firmware, and hardware blueprints are publicly available for anyone to build or improve upon. This transparency supports:

  • Decentralization: No single entity controls the tools.

  • Accessibility: Builders around the world can innovate.

  • Resilience: Communities can audit and adapt their mining tech.

Bitaxe represents the first truly open-source Bitcoin miner, and with projects like NerdX and Bitaxe GT, the movement is rapidly evolving.

Plug-and-Play Mining for Everyone

Matt emphasizes that setting up a Bitaxe is as easy as setting up a smart TV:

  • Connect to Wi-Fi

  • Input your Bitcoin wallet address

  • Hit “Start” — and you’re mining

The average energy cost? About $2/month in the U.S., comparable to leaving a light on.

Breaking the Monopoly: Challenges in ASIC Supply

The biggest hurdle to mass adoption is the centralization of ASIC chip production, mostly dominated by manufacturers in East Asia. Open-source hardware developers are fighting this bottleneck by working on new supply lines and custom chips, including efforts from:

  • Jack Dorsey’s Block

  • U.S.-based company Arcdyn

  • Independent open hardware initiatives

Can You Really Mine a Full Bitcoin?

Yes — and it’s already happened. In less than eight months, two Bitaxe miners found blocks, earning full rewards of 3.125 BTC plus fees. While the odds are slim, they’re better than the lottery, and your odds are zero if you’re not mining at all.

With widespread adoption (e.g., 1 million devices), Bitaxe units could find blocks every 3–5 days, thanks to the power of network effects.

Solo Satoshi’s Global Impact

The company ships globally (except a few restricted regions) and reinvests part of its profits into funding open-source developers, a vital component of sustaining innovation in the Bitcoin mining space.

They also host the Home Mining Podcast, an educational platform that brings together innovators, educators, and hardware builders to discuss the future of decentralized mining.

Community & Decentralization

  • Funding developer grants

  • Educational content via podcast and YouTube

  • In-person outreach at conferences (like Bitcoin 2025 in Las Vegas)

By working together, the Bitcoin community can ensure mining remains free, accessible, and truly decentralized.

Looking Ahead: The Future of Mining and Bitcoin

Matt envisions a future where every home runs a miner, contributing to network security and replacing traditional heating devices with machines that also stack sats.

And for Bitcoin? It’s the foundation of a freer, fairer world — a financial system where individuals can finally break free from inflation and manipulation. As Matt puts it:

Conclusion

This conversation is a powerful reminder that Bitcoin is not just an asset — it’s a movement. From mining to custody, from code to community, each of us plays a role in preserving the principles of sound money and decentralization.

Solo Satoshi is living proof that with vision, proof of work, and a lot of heart, we can bring mining back to the people — one Bitaxe at a time.

FAQs

How much does a Bitaxe cost?

Prices vary, but average around $250–$350 depending on the model and market supply.

Is it hard to mine Bitcoin at home?

Not anymore. Devices like Bitaxe make it plug-and-play. No technical background required.

Can I really earn Bitcoin with one of these?

Yes. Although rare, two Bitaxes have already mined full Bitcoin blocks.

Where can I buy one?

Visit solosatoshi.com and use code SOLO for 5% off.

Can I use solar power?

Absolutely! Many users are experimenting with solar-powered setups.

That's all for today, see ya tomorrow! If you want more, be sure to follow our X (@croxroadnewsco), Instagram (@croxroadnews.co), Youtube (@thebitcoinlibertarian), Tiktok (@croxroadnews) and nostr - [email protected]

VISIT OUR STORE

The Best Merch For Bitcoin Maxis

Visit Crox Road Store 👉🏻 https://croxroad.store/

FOLLOW US ON NOSTR

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

You May Also Like

If You Like Our Content And Want To Help Us To Make It Better, You Can Buy Us One (Or More!) Coffee CLICKING HERE

Reply

or to participate.