🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 6.4078 Bitcoin — worth $433,039 today.
On Mar 28, 2023, this miner using a Industrial mining operation found block #782,845. 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
3.327728%
Miner: 33.97 EH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
33.97 EH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 30
Expected wait time at this hashrate
5 hours
Expected blocks to find 1 solo block
30 blocks
Probability per block = miner_hashrate / network_hashrate
= 33.97 EH/s / 1020.75 EH/s
= 1 in 30
Expected wait = blocks_to_win × 10 minutes
= 30 × 10 min = 300 minutes
⛏️ Miner Profile
Hashrate (24h)
33.97 EH/s (est. from 2 blocks)
Estimated from block frequency (2 blocks found)
Solo blocks found (tracked)
2 blocks
🏗️
Industrial mining operation
Multiple EH/s — major mining company
🎯 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 1,611,066,678 was the winner.
01,611,066,678 ← winner4,294,967,295
1,611,066,678
Winning Nonce
2,683,900,617
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 — 6.2500 BTC (97.54%)
Fixed reward, halves every 4 years
Fees — 0.157795 BTC (2.46%)
From 2,326 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
#782,845THIS BLOCK
Mar 28, 2023 · 05:43 UTC · CKPool Solo
6.4078 BTC ≈ $433,039
Mar 28, 2023 · 09:00 UTC · CKPool Solo
6.3489 BTC ≈ $429,061
⏱ 0 days since previous find