🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 13.9959 Bitcoin — worth $945,845 today.
On Apr 5, 2017, this miner using a Small mining farm found block #460,488. 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
0.000055%
Miner: 556.7 TH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
556.7 TH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 1,833,466
Expected wait time at this hashrate
34.9 years
Expected blocks to find 1 solo block
1,833,466 blocks
Probability per block = miner_hashrate / network_hashrate
= 556.7 TH/s / 1020.75 EH/s
= 1 in 1,833,466
Expected wait = blocks_to_win × 10 minutes
= 1,833,466 × 10 min = 34.9 years
⛏️ Miner Profile
Hashrate (24h)
556.7 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 4,048,160,514 was the winner.
04,048,160,514 ← winner4,294,967,295
4,048,160,514
Winning Nonce
246,806,781
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 (89.31%)
Fixed reward, halves every 4 years
Fees — 1.495924 BTC (10.69%)
From 2,041 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
$1,838,873
Total USD value
127 days
Avg between finds
#460,488THIS BLOCK
Apr 5, 2017 · 08:43 UTC · CKPool Solo
13.9959 BTC ≈ $945,845
Aug 10, 2017 · 09:51 UTC · CKPool Solo
13.2144 BTC ≈ $893,028
⏱ 127 days since previous find
📊 At 556.7 TH/s hashrate, statistically expected to find a block every 35 years. Actual average: 127 days. 🍀 Running hot!