🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 13.7088 Bitcoin — worth $926,440 today.
On Feb 17, 2017, this miner using a Large mining farm found block #453,478. 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
0.005865%
Miner: 59.9 PH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
59.9 PH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 17,052
Expected wait time at this hashrate
118 days
Expected blocks to find 1 solo block
17,052 blocks
Probability per block = miner_hashrate / network_hashrate
= 59.9 PH/s / 1020.75 EH/s
= 1 in 17,052
Expected wait = blocks_to_win × 10 minutes
= 17,052 × 10 min = 3.9 months
⛏️ Miner Profile
Hashrate (24h)
59.9 PH/s (est. from 2 blocks)
Estimated from block frequency (2 blocks found)
Solo blocks found (tracked)
2 blocks
🏗️
Large mining farm
Thousands of ASICs, industrial power
🎯 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 1,625,735,780 was the winner.
01,625,735,780 ← winner4,294,967,295
1,625,735,780
Winning Nonce
2,669,231,515
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 (91.18%)
Fixed reward, halves every 4 years
Fees — 1.208795 BTC (8.82%)
From 1,679 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
$1,793,287
Total USD value
#453,478THIS BLOCK
Feb 17, 2017 · 14:57 UTC · CKPool Solo
13.7088 BTC ≈ $926,440
Feb 18, 2017 · 07:47 UTC · CKPool Solo
12.8270 BTC ≈ $866,847
⏱ 1 days since previous find
📊 At 59.9 PH/s hashrate, statistically expected to find a block every 118 days. Actual average: 1 days. 🍀 Running hot!