🎓 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 16, 2026, against enormous odds, they hit the jackpot — block #932,527 worth $202,522. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.273739%
Miner: 2.44 EH/s vs Network: 890.35 EH/s
Miner hashrate (Estimated from block frequency (75 blocks found))
2.44 EH/s
Bitcoin network hashrate
890.35 EH/s
Chance of winning each block
1 in 365
Expected wait time at this hashrate
3 days
Expected blocks to find 1 solo block
365 blocks
Probability per block = miner_hashrate / network_hashrate
= 2.44 EH/s / 890.35 EH/s
= 1 in 365
Expected wait = blocks_to_win × 10 minutes
= 365 × 10 min = 3 days
⛏️ Miner Profile
Hashrate (24h)
2.44 EH/s (est. from 75 blocks)
Estimated from block frequency (75 blocks found)
Solo blocks found (tracked)
75 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 1,934,595,613 was the winner.
01,934,595,613 ← winner4,294,967,295
1,934,595,613
Winning Nonce
2,360,371,682
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 (98.74%)
Fixed reward, halves every 4 years
Fees — 0.039900 BTC (1.26%)
From 3,137 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 — 75 Blocks Found
235.9959
Total BTC earned
$15,101,380
Total USD value
Apr 8, 2026 · 13:08 UTC · NiceHash EasyMining
3.1382 BTC ≈ $200,817
⏱ 7 days since previous find
Apr 13, 2026 · 00:06 UTC · NiceHash EasyMining
3.1311 BTC ≈ $200,358
⏱ 4 days since previous find
Apr 16, 2026 · 00:00 UTC · NiceHash EasyMining
3.1681 BTC ≈ $202,728
⏱ 3 days since previous find
Apr 16, 2026 · 06:46 UTC · NiceHash EasyMining
3.1283 BTC ≈ $200,180
⏱ 0 days since previous find
May 4, 2026 · 19:35 UTC · NiceHash EasyMining
3.1480 BTC ≈ $201,440
⏱ 19 days since previous find
Jun 23, 2026 · 12:45 UTC · NiceHash EasyMining
3.1721 BTC ≈ $202,984
⏱ 50 days since previous find
Jun 28, 2026 · 07:04 UTC · NiceHash EasyMining
3.1361 BTC ≈ $200,676
⏱ 5 days since previous find
Jun 29, 2026 · 20:11 UTC · NiceHash EasyMining
3.1770 BTC ≈ $203,296
⏱ 2 days since previous find
Jul 11, 2026 · 21:07 UTC · NiceHash EasyMining
3.1385 BTC ≈ $200,829
⏱ 12 days since previous find
Jul 27, 2026 · 19:13 UTC · NiceHash EasyMining
3.1690 BTC ≈ $202,785
⏱ 16 days since previous find
Jul 29, 2026 · 03:39 UTC · NiceHash EasyMining
3.1318 BTC ≈ $200,403
⏱ 1 days since previous find
Jul 29, 2026 · 22:12 UTC · NiceHash EasyMining
3.1358 BTC ≈ $200,659
⏱ 1 days since previous find
Aug 3, 2026 · 13:19 UTC · NiceHash EasyMining
3.1532 BTC ≈ $201,775
⏱ 5 days since previous find
Aug 4, 2026 · 04:37 UTC · NiceHash EasyMining
3.1492 BTC ≈ $201,516
⏱ 1 days since previous find
Aug 6, 2026 · 01:13 UTC · NiceHash EasyMining
3.1519 BTC ≈ $201,689
⏱ 2 days since previous find
Aug 9, 2026 · 14:37 UTC · NiceHash EasyMining
3.1481 BTC ≈ $201,448
⏱ 4 days since previous find
Aug 10, 2026 · 02:41 UTC · NiceHash EasyMining
3.1425 BTC ≈ $201,086
⏱ 1 days since previous find
Aug 10, 2026 · 03:30 UTC · NiceHash EasyMining
3.1322 BTC ≈ $200,429
⏱ 0 days since previous find
Aug 10, 2026 · 11:19 UTC · NiceHash EasyMining
3.1495 BTC ≈ $201,537
⏱ 0 days since previous find
Aug 10, 2026 · 15:17 UTC · NiceHash EasyMining
3.1477 BTC ≈ $201,421
⏱ 0 days since previous find
📊 At 2.44 EH/s hashrate, statistically expected to find a block every 3 days. Actual average: 3 days. 😤 Unlucky so far.