🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 3.1513 Bitcoin — worth $212,967 today.
On Jun 4, 2025, this miner using a Large mining farm found block #899,826. 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
0.009222%
Miner: 94.1 PH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
94.1 PH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 10,844
Expected wait time at this hashrate
75 days
Expected blocks to find 1 solo block
10,844 blocks
Probability per block = miner_hashrate / network_hashrate
= 94.1 PH/s / 1020.75 EH/s
= 1 in 10,844
Expected wait = blocks_to_win × 10 minutes
= 10,844 × 10 min = 2.5 months
⛏️ Miner Profile
Hashrate (24h)
94.1 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 3,788,797,215 was the winner.
03,788,797,215 ← winner4,294,967,295
3,788,797,215
Winning Nonce
506,170,080
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 — 3.1250 BTC (99.16%)
Fixed reward, halves every 4 years
Fees — 0.026335 BTC (0.84%)
From 3,680 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
124 days
Avg between finds
Jan 31, 2025 · 19:40 UTC · CKPool Solo
3.1868 BTC ≈ $215,364
#899,826THIS BLOCK
Jun 4, 2025 · 23:18 UTC · CKPool Solo
3.1513 BTC ≈ $212,967
⏱ 124 days since previous find
📊 At 94.1 PH/s hashrate, statistically expected to find a block every 75 days. Actual average: 124 days. 😤 Unlucky so far.