Bitaxe Block found: What happens now?

By Dominik Lederer, Founder, Hardware Engineer and Solo Mining Expert at Polarblocks. Published on July 9, 2026, reading time approximately 8 minutes.

Most people who buy a Bitaxe have never calculated what happens technically, financially, and tax-wise in the hours after a real block discovery. Understandably, the probability is small. But that's precisely why it's worth looking at the process before it happens, not in a panic afterward.

The question is also not a mere mental arithmetic exercise. In forums like Blocktrainer, real threads regularly appear with titles like "Solomining, Bitaxe finds block, How2Tax," written by people who are sitting in front of their screens at that very moment and don't know what to do next. The joy of the discovery and the uncertainty about the next steps almost always come together.

What happens the moment the Bitaxe finds a block?

The Bitaxe Gamma 601 calculates hashes around the clock and sends every valid solution found to the connected solo pool, usually directly to its own Bitcoin address via the Stratum protocol. Such solo pools, for example public offerings like public pool or CKPool in the solo variant, do not accept coins themselves; they only forward the work and report the result. If the Bitaxe actually finds a complete block, it immediately appears as a confirmation in the AxeOS dashboard, usually accompanied by a pool notification via email or browser push. There is no middleman who first collects the coins and then distributes them. The reward goes directly to the address stored in the mining settings. No intermediate account, no custody by third parties, no KYC process. This is precisely the core of sovereignty in solo mining, unlike classic pool mining, where many participants share a small but regular portion.

How long does it take for Bitcoin to actually arrive in the wallet?

Here's the number that surprises most people. A newly mined block is technically considered a Coinbase transaction, and according to the Bitcoin protocol, it needs 100 confirmations before it can even be spent. At an average of 10 minutes per block, that's about 1,000 minutes, or about 16 to 17 hours. Bitcoin Core rejects any attempt to move a Coinbase payout before this period expires; this is a consensus rule, not a courtesy. How this works technically is explained in detail on learnmeabitcoin.com. So, if you find a block, you see the good news immediately in the dashboard, but you can only really dispose of the money at the earliest the next day.

How much is a found block worth in Euros today?

Since the last halving, the block reward has been 3.125 BTC plus the transaction fees of all transactions included in the block. With a Bitcoin price between approximately 61,900 and 63,450 US dollars in the first week of July 2026, equivalent to about 54,750 to 56,100 Euros, this results in a block value of approximately 171,000 to 175,000 Euros, excluding variable fees, which historically often range from low to mid three-digit Euro amounts but are not guaranteed. This calculation is exchange rate dependent and changes with every Bitcoin price jump; it is not a fixed promise, but a snapshot as of early July 2026.

How realistic are the chances of winning with the Bitaxe Gamma 601 per year?

A Bitaxe Gamma 601 from the Bitaxe Home Solo Miner series delivers about 1.3 TH/s. The network hashrate in early July 2026 was, depending on the source, between approximately 873 and 924 Exahash per second. With 52,560 block attempts per year (6 blocks per hour times 24 hours times 365 days), the theoretical chance is about 1 in 13,170 per year, depending on the hashrate estimate used, between 1 in 12,780 and 1 in 13,520. This is a small number, but a real one, not a marketing number. A comparable device with 3,500 watts and significantly more computing power would mathematically have better individual chances, but more on that in the table below.

Is my Bitaxe still a hobby or suddenly a business, as soon as the tax office reads this?

This is where it gets uncomfortable, and I'd rather tell the uncomfortable truth than a pretty one. Occasional private mining without the intention of making a profit usually falls under other income according to Paragraph 22 No. 3 of the Income Tax Act in Germany, with a tax-free limit of 256 Euros per calendar year. Important: this is a tax-free limit, not an allowance; if it is exceeded, the entire amount is taxable, not just the part above it. A block discovery worth 171,000 to 175,000 Euros exceeds this limit by approximately 670 to 685 times. Whether this still counts as an occasional hobby or is classified as a commercial activity depends, according to current tax practice, on factors such as continuous operation, specialized hardware, and intent to repeat, precisely the criteria that apply more to a 24-hour running Bitaxe than to an old laptop that calculates out of curiosity for a weekend. An extensive overview of the usual classification is provided by Blockpit in its Mining Tax Guide. I am not a tax advisor, and these lines are not tax advice. Anyone who actually finds a block should consult a tax advisor with crypto experience before making any further decisions, and that is before moving even one Satoshi.

Should you sell the Bitcoin immediately after finding it?

My honest opinion, no, at least not reflexively. A block discovery is not a trading signal and not an obligation to sell immediately. It is an asset acquisition that one should calmly decide on, preferably only after the tax classification has been clarified and the 100 confirmations are through. This is precisely what distinguishes solo mining from the trading stress that drives many investors out of fear of the next market downturn. You have time. This is an underestimated luxury in a market that otherwise constantly pushes for immediate action.

The most common mistake I read in exactly such forum threads is haste. People want to send the discovery to an exchange immediately, even before the 100 confirmations are through, which doesn't work technically anyway, or they sell out of pure excitement without even considering the tax implications beforehand. Anyone who waits a day, calls a tax advisor, and only then decides, loses nothing but a little adrenaline.

A block discovery doesn't turn your account into a hedge fund overnight. It only changes the question of whether you're still playing in the next jackpot.

Bitaxe Gamma, lottery, or industrial Antminer, who really wins?