🎓 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 Jan 13, 2026, against enormous odds, they hit the jackpot — block #932,167 worth $269,129. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.817650%
Miner: 8.35 EH/s vs Network: 1021.35 EH/s
Miner hashrate (Estimated from block frequency (54 blocks found))
8.35 EH/s
Bitcoin network hashrate
1021.35 EH/s
Chance of winning each block
1 in 122
Expected wait time at this hashrate
20 hours
Expected blocks to find 1 solo block
122 blocks
Probability per block = miner_hashrate / network_hashrate
= 8.35 EH/s / 1021.35 EH/s
= 1 in 122
Expected wait = blocks_to_win × 10 minutes
= 122 × 10 min = 1,220 minutes
⛏️ Miner Profile
Hashrate (24h)
8.35 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 892,354,171 was the winner.
0892,354,171 ← winner4,294,967,295
892,354,171
Winning Nonce
3,402,613,124
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 (98.7%)
Fixed reward, halves every 4 years
Fees — 0.041221 BTC (1.3%)
From 3,457 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
169.8978
Total BTC earned
$14,441,316
Total USD value
Feb 6, 2026 · 16:59 UTC · NiceHash EasyMining
3.1768 BTC ≈ $270,026
⏱ 2 days since previous find
Feb 7, 2026 · 04:52 UTC · NiceHash EasyMining
3.1379 BTC ≈ $266,717
⏱ 0 days since previous find
Feb 7, 2026 · 10:26 UTC · NiceHash EasyMining
3.1276 BTC ≈ $265,846
⏱ 0 days since previous find
Feb 7, 2026 · 15:19 UTC · NiceHash EasyMining
3.1383 BTC ≈ $266,759
⏱ 0 days since previous find
Feb 7, 2026 · 22:04 UTC · NiceHash EasyMining
3.1389 BTC ≈ $266,805
⏱ 0 days since previous find
Feb 8, 2026 · 12:53 UTC · NiceHash EasyMining
3.1545 BTC ≈ $268,135
⏱ 1 days since previous find
Feb 8, 2026 · 17:17 UTC · NiceHash EasyMining
3.1265 BTC ≈ $265,755
⏱ 0 days since previous find
Feb 8, 2026 · 18:46 UTC · NiceHash EasyMining
3.1537 BTC ≈ $268,062
⏱ 0 days since previous find
Feb 9, 2026 · 01:05 UTC · NiceHash EasyMining
3.1360 BTC ≈ $266,559
⏱ 0 days since previous find
Feb 11, 2026 · 04:19 UTC · NiceHash EasyMining
3.1293 BTC ≈ $265,994
⏱ 2 days since previous find
Feb 11, 2026 · 06:16 UTC · NiceHash EasyMining
3.1343 BTC ≈ $266,419
⏱ 0 days since previous find
Feb 13, 2026 · 00:24 UTC · NiceHash EasyMining
3.1365 BTC ≈ $266,602
⏱ 2 days since previous find
Feb 15, 2026 · 11:20 UTC · NiceHash EasyMining
3.1470 BTC ≈ $267,494
⏱ 2 days since previous find
Feb 16, 2026 · 22:23 UTC · NiceHash EasyMining
3.1295 BTC ≈ $266,005
⏱ 1 days since previous find
Feb 16, 2026 · 23:05 UTC · NiceHash EasyMining
3.1430 BTC ≈ $267,154
⏱ 0 days since previous find
Feb 17, 2026 · 07:12 UTC · NiceHash EasyMining
3.1300 BTC ≈ $266,047
⏱ 0 days since previous find
Feb 19, 2026 · 00:12 UTC · NiceHash EasyMining
3.1276 BTC ≈ $265,845
⏱ 2 days since previous find
Feb 21, 2026 · 13:41 UTC · NiceHash EasyMining
3.1422 BTC ≈ $267,088
⏱ 3 days since previous find
Feb 26, 2026 · 02:31 UTC · NiceHash EasyMining
3.1345 BTC ≈ $266,434
⏱ 5 days since previous find
Feb 27, 2026 · 08:37 UTC · NiceHash EasyMining
3.1552 BTC ≈ $268,190
⏱ 1 days since previous find
📊 At 8.35 EH/s hashrate, statistically expected to find a block every 1 days. Actual average: 1 days. 😤 Unlucky so far.