According to Cointelegraph, Bitcoin mining equipment retailer Altair Technology announced that a Bitcoin mining device with a hash rate of only 500 Gh/s successfully mined a block on July 24. Based on the current Bitcoin price, the block is worth about $206,000. Altair Technology said that the miner used Bitaxe on a solo ckpool to mine the first single BTC block at a hash rate of about 500Gh. Despite a success rate of only one in a billion every ten minutes, the device called Bitaxe still successfully mined a block.