🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 13.0739 Bitcoin — worth $883,537 today.
On Dec 28, 2016, this miner using a Small mining farm found block #445,574. They were mining alone — no big pool, just their own machines competing directly against the entire Bitcoin network (1020.75 EH/s total).
Winning solo means keeping 100% of the reward — no pool fees, no sharing. High risk, high reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.000024%
Miner: 241.3 TH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
241.3 TH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 4,229,996
Expected wait time at this hashrate
80.5 years
Expected blocks to find 1 solo block
4,229,996 blocks
Probability per block = miner_hashrate / network_hashrate
= 241.3 TH/s / 1020.75 EH/s
= 1 in 4,229,996
Expected wait = blocks_to_win × 10 minutes
= 4,229,996 × 10 min = 80.4 years
⛏️ Miner Profile
Hashrate (24h)
241.3 TH/s (est. from 2 blocks)
Estimated from block frequency (2 blocks found)
Solo blocks found (tracked)
2 blocks
🏭
Small mining farm
50–500 machines in a dedicated location
🎯 The Winning Number — Nonce Visualizer
To mine a block, the miner cycles through numbers from 0 to 4,294,967,295 at billions per second, checking if each produces a valid hash. Number 1,130,955,734 was the winner.
01,130,955,734 ← winner4,294,967,295
1,130,955,734
Winning Nonce
3,164,011,561
Numbers after
💡 The miner also tried different extra nonce values — restarting from 0 each time the full 4.29B range was exhausted. Modern ASICs can cycle through the entire nonce space in ~0ms.
💸 Fee Breakdown — What the Miner Captured
The block reward has two parts: a fixed subsidy set by Bitcoin protocol, plus transaction fees paid by users who wanted their transactions included.
Subsidy — 12.5000 BTC (95.61%)
Fixed reward, halves every 4 years
Fees — 0.573942 BTC (4.39%)
From 1,837 transactions in this block
⚡ Solo miners keep 100% of fees — no pool takes a cut. In pool mining, the fee revenue is also split among all pool members.
🏆 Miner Block History — 2 Blocks Found
$1,805,585
Total USD value
248 days
Avg between finds
#445,574THIS BLOCK
Dec 28, 2016 · 23:30 UTC · CKPool Solo
13.0739 BTC ≈ $883,537
Sep 3, 2017 · 09:17 UTC · CKPool Solo
13.6438 BTC ≈ $922,048
⏱ 248 days since previous find
📊 At 241.3 TH/s hashrate, statistically expected to find a block every 80 years. Actual average: 248 days. 🍀 Running hot!