🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 13.2885 Bitcoin — worth $898,035 today.
On Dec 29, 2016, this miner using a Small mining farm found block #445,700. 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
0.000065%
Miner: 659.1 TH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (4 blocks found))
659.1 TH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 1,548,647
Expected wait time at this hashrate
29.5 years
Expected blocks to find 1 solo block
1,548,647 blocks
Probability per block = miner_hashrate / network_hashrate
= 659.1 TH/s / 1020.75 EH/s
= 1 in 1,548,647
Expected wait = blocks_to_win × 10 minutes
= 1,548,647 × 10 min = 29.4 years
⛏️ Miner Profile
Hashrate (24h)
659.1 TH/s (est. from 4 blocks)
Estimated from block frequency (4 blocks found)
Solo blocks found (tracked)
4 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 1,290,681,654 was the winner.
01,290,681,654 ← winner4,294,967,295
1,290,681,654
Winning Nonce
3,004,285,641
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 (94.07%)
Fixed reward, halves every 4 years
Fees — 0.788466 BTC (5.93%)
From 2,440 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 — 4 Blocks Found
$3,540,269
Total USD value
32 days
Avg between finds
Oct 23, 2016 · 05:22 UTC · CKPool Solo
12.6731 BTC ≈ $856,449
#445,700THIS BLOCK
Dec 29, 2016 · 20:08 UTC · CKPool Solo
13.2885 BTC ≈ $898,035
⏱ 68 days since previous find
Jan 10, 2017 · 12:24 UTC · CKPool Solo
13.2477 BTC ≈ $895,282
⏱ 12 days since previous find
Jan 27, 2017 · 21:46 UTC · CKPool Solo
13.1770 BTC ≈ $890,503
⏱ 17 days since previous find
📊 At 659.1 TH/s hashrate, statistically expected to find a block every 29 years. Actual average: 32 days. 🍀 Running hot!