🎓 Explain Like I'm 10
Someone spent a small amount of money to rent mining power from NiceHash for a short time. They pointed it at the Bitcoin network solo, hoping to win the lottery.
On Nov 6, 2025, against enormous odds, they hit the jackpot — block #922,525 worth $212,313. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.035067%
Miner: 357.9 PH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (6 blocks found))
357.9 PH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 2,852
Expected wait time at this hashrate
20 days
Expected blocks to find 1 solo block
2,852 blocks
Probability per block = miner_hashrate / network_hashrate
= 357.9 PH/s / 1020.75 EH/s
= 1 in 2,852
Expected wait = blocks_to_win × 10 minutes
= 2,852 × 10 min = 20 days
⛏️ Miner Profile
Hashrate (24h)
357.9 PH/s (est. from 6 blocks)
Estimated from block frequency (6 blocks found)
Solo blocks found (tracked)
6 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 1,956,552,022 was the winner.
01,956,552,022 ← winner4,294,967,295
1,956,552,022
Winning Nonce
2,338,415,273
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 (99.47%)
Fixed reward, halves every 4 years
Fees — 0.016660 BTC (0.53%)
From 2,066 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 — 6 Blocks Found
$1,274,152
Total USD value
25 days
Avg between finds
Sep 3, 2025 · 23:38 UTC · NiceHash EasyMining
3.1564 BTC ≈ $213,310
#922,525THIS BLOCK
Nov 6, 2025 · 23:19 UTC · NiceHash EasyMining
3.1417 BTC ≈ $212,313
⏱ 64 days since previous find
Nov 24, 2025 · 21:36 UTC · NiceHash EasyMining
3.1421 BTC ≈ $212,343
⏱ 18 days since previous find
Nov 25, 2025 · 21:14 UTC · NiceHash EasyMining
3.1533 BTC ≈ $213,101
⏱ 1 days since previous find
Nov 30, 2025 · 01:12 UTC · NiceHash EasyMining
3.1312 BTC ≈ $211,603
⏱ 4 days since previous find
Jan 5, 2026 · 06:37 UTC · NiceHash EasyMining
3.1293 BTC ≈ $211,481
⏱ 36 days since previous find
📊 At 357.9 PH/s hashrate, statistically expected to find a block every 20 days. Actual average: 25 days. 😤 Unlucky so far.