🎓 Explain Like I'm 10
Bitcoin mining is a giant lottery. Every ~10 minutes, one miner wins 3.1396 Bitcoin — worth $212,175 today.
On Jan 1, 2026, this miner using a Industrial mining operation found block #930,474. 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
0.192154%
Miner: 1.96 EH/s vs Network: 1020.75 EH/s
Miner hashrate (Estimated from block frequency (54 blocks found))
1.96 EH/s
Bitcoin network hashrate
1020.75 EH/s
Chance of winning each block
1 in 520
Expected wait time at this hashrate
4 days
Expected blocks to find 1 solo block
520 blocks
Probability per block = miner_hashrate / network_hashrate
= 1.96 EH/s / 1020.75 EH/s
= 1 in 520
Expected wait = blocks_to_win × 10 minutes
= 520 × 10 min = 4 days
⛏️ Miner Profile
Hashrate (24h)
1.96 EH/s (est. from 54 blocks)
Estimated from block frequency (54 blocks found)
Solo blocks found (tracked)
54 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 2,078,957,848 was the winner.
02,078,957,848 ← winner4,294,967,295
2,078,957,848
Winning Nonce
2,216,009,447
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 (99.53%)
Fixed reward, halves every 4 years
Fees — 0.014612 BTC (0.47%)
From 4,070 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 — 54 Blocks Found
170.0307
Total BTC earned
$11,490,673
Total USD value
Dec 24, 2025 · 15:40 UTC · RedRock Pool
3.1600 BTC ≈ $213,553
⏱ 8 days since previous find
Dec 28, 2025 · 03:53 UTC · RedRock Pool
3.1397 BTC ≈ $212,182
⏱ 4 days since previous find
#930,474THIS BLOCK
Jan 1, 2026 · 20:43 UTC · RedRock Pool
3.1396 BTC ≈ $212,175
⏱ 5 days since previous find
Jan 4, 2026 · 20:44 UTC · RedRock Pool
3.1294 BTC ≈ $211,487
⏱ 3 days since previous find
Jan 5, 2026 · 18:16 UTC · RedRock Pool
3.1515 BTC ≈ $212,980
⏱ 1 days since previous find
Jan 12, 2026 · 18:50 UTC · RedRock Pool
3.1602 BTC ≈ $213,567
⏱ 7 days since previous find
Jan 14, 2026 · 18:05 UTC · RedRock Pool
3.1548 BTC ≈ $213,202
⏱ 2 days since previous find
Jan 26, 2026 · 09:03 UTC · RedRock Pool
3.1494 BTC ≈ $212,835
⏱ 12 days since previous find
Jan 29, 2026 · 03:45 UTC · RedRock Pool
3.1470 BTC ≈ $212,677
⏱ 3 days since previous find
Jan 29, 2026 · 06:30 UTC · RedRock Pool
3.1321 BTC ≈ $211,666
⏱ 0 days since previous find
Jan 30, 2026 · 15:09 UTC · RedRock Pool
3.1761 BTC ≈ $214,642
⏱ 1 days since previous find
Feb 3, 2026 · 15:00 UTC · RedRock Pool
3.1614 BTC ≈ $213,647
⏱ 4 days since previous find
Feb 4, 2026 · 13:58 UTC · RedRock Pool
3.1367 BTC ≈ $211,979
⏱ 1 days since previous find
Feb 6, 2026 · 19:13 UTC · RedRock Pool
3.1689 BTC ≈ $214,157
⏱ 2 days since previous find
Feb 9, 2026 · 07:00 UTC · RedRock Pool
3.1636 BTC ≈ $213,795
⏱ 2 days since previous find
Feb 9, 2026 · 11:47 UTC · RedRock Pool
3.1393 BTC ≈ $212,152
⏱ 0 days since previous find
Feb 16, 2026 · 03:55 UTC · RedRock Pool
3.1385 BTC ≈ $212,099
⏱ 7 days since previous find
Feb 22, 2026 · 20:54 UTC · RedRock Pool
3.1358 BTC ≈ $211,916
⏱ 7 days since previous find
Feb 25, 2026 · 12:47 UTC · RedRock Pool
3.1564 BTC ≈ $213,312
⏱ 3 days since previous find
Mar 1, 2026 · 20:20 UTC · RedRock Pool
3.1582 BTC ≈ $213,428
⏱ 4 days since previous find
📊 At 1.96 EH/s hashrate, statistically expected to find a block every 4 days. Actual average: 4 days. 😤 Unlucky so far.