An observable example of this type of supernova would only occur on average around one time in 3,000 years in our galaxy. A close binary system in the Milky Way, known as T Pyxidis, is a recurrent nova, meaning that the white dwarf in the binary system has had nova (as opposed to supernova) explosions about once every 20 years. However, the last such explosion was documented in 1967. Why there have been nearly 44 years since the last explosion is not known.
There is, however, evidence that the white dwarf star in this system is increasing in mass and could go supernova at some point. If that is the case, it will eventually reach what is called the Chandrasekhar limit and instantaneously collapse, destroying the white dwarf and leaving nothing behind: no black hole or pulsar. This type explosion is the equivalent of 20 billion, billion, billion megatons of TNT, an unimaginable scale. Astronomers have recently discovered that Pyxidis is only about 3,260 light years from earth, which is far closer than previously thought. If the white dwarf star does reach the Chandrasekhar limit and collapse, the resulting binary star supernova would dump enough gamma radiation onto the earth to burn off the ozone layer completely - which will, probably, lead to the extinction of all living species.