Pencil drawing of the Bitaxe Ultra 204/205

Bitaxe miner Lottery miner Desktop In production

Bitaxe Ultra 204/205

The third major Bitaxe revision, built around one BM1366 chip from the Antminer S19 XP. It mines roughly 0.4–0.5 TH/s on a 5 V supply of about 15 W, so it is now the slowest single-chip Bitaxe still sold. A 207 revision with a newer voltage regulator was published in 2025.

Best price $120

$282.33 per TH · New · In stock at Bitcoin Merch

Bitaxe Ultra 1366 with power supply

Reviews from Nostr ↓

Hashrate425 GH/s worst 250 GH/sbest 1.16 PH/s 196th best of 197 (the bar uses a log scale)
Power (stock)11 W lowest 11 Whighest 22 kW 199th highest of 199 (the bar uses a log scale)
Efficiency26 J/TH worst 100 J/THbest 8.9 J/TH 154th best of 195
Earns per kWh$0.059 worst $0.010best $0.171 154th best of 195
Heat output38 BTU/h worst 38 BTU/hbest 75,067 BTU/h 199th best of 199 (the bar uses a log scale)
Noise—
Price per TH$282.33 worst $539.96best $1.82 153rd best of 156 (the bar uses a log scale)

Where to buy

Store Trustpilot Condition Availability Listed price In your currency Per TH Checked Link
Bitcoin Merch Ships from United States Bitaxe Ultra 1366 with power supply TrustScore 4.4 out of 5, 1,082 reviews New In stock $120 $120 $282.33 4 Nov 2026 Visit

Prices as listed on each store's page on the date shown, without shipping. Prices marked excl. tax leave out VAT or sales tax, and others may too. Per TH uses the hashrate of the unit each store sells. Converted at ECB rates of 11 Nov 2026. Trustpilot scores are for the store, not the device. Each store's name opens its page, with everything it sells and its reviews.

Heat, running cost and sats

Heat per day
—
Electricity per day
—
Mining earns per day*
—
Net cost per day
—
Net cost per kWh of heat
—
Solo: chance of a block per year
—
Earns per kWh, on 3-month averages
—
Payback
—

*What a pool would pay on average at today's difficulty, block reward and bitcoin price, before pool fees. Solo miners usually earn nothing, and very rarely a whole block. A plain electric heater turns the same electricity into the same heat, so the mining income is what makes the difference.

Payback is how long the bitcoin a device earns takes to add up to its price. It leaves out electricity, which buys the heat: compare earnings per kWh with your electricity price to see whether mining alone covers it. It uses the average of the last 3 months, to 12 Nov 2026: bitcoin at $79,558, 969 EH/s on the network and 3.15 BTC a block, less a 2% pool fee, for the hours you set. It cuts the block subsidy in half at each halving, the next around Apr 2028, and otherwise assumes those carry on unchanged, which they won't. Income at today's difficulty and price is about 17% below that average. Hashrate usually rises, though miners that stop paying after a halving may switch off, which leaves more for the rest. How we work it out.

Specifications

BrandBitaxe
ModelUltra 204/205
SKU—
TypeLottery miner · Home
Form factorDesktop
CoolingAir
Production statusIn production
Launch date—
Hashrate425 GH/s *
Power consumption (stock)11 W *
Mining efficiency26 J/TH *
ASIC chipBitmain BM1366 × 1 (named by the device's maker)
Heat output38 BTU/h
Input voltage5 V DC (5.5 x 2.1 mm centre-positive barrel jack; 15 W, 25 W supply recommended)
Frequency—
Net dimensions (W × D × H)—
Net weight—
Noise—
Operating temperature—
Area heatedLess than 1 m² (our estimate)
Colours—
Company based in—
Made in—

* Not confirmed by the maker's own documents yet.

Heat modes

ModeHashratePowerHeat
Overclocked (Bitcoin Merch claim)500 GH/s20 W68 BTU/h

Features

  • Single Bitmain BM1366 ASIC (from the Antminer S19 XP)
  • Open-source hardware and ESP-Miner / AxeOS firmware
  • ESP32-S3 with 2.4 GHz Wi-Fi
  • 0.91-inch OLED display
  • INA260 power meter and adjustable core voltage
  • 5 V DC barrel-jack power
  • Revisions 204, 205 and 207 published

Reviews

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Sources and data notes

Not yet confirmed from the maker's own documents: launch date; where the company is based; where it's made; hashrate; power; efficiency; dimensions; weight; noise; operating temperature.

Spotted a mistake? Let us know.