🎓 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 Feb 11, 2026, against enormous odds, they hit the jackpot — block #935,995 worth $253,314. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.343215%
Miner: 3.22 EH/s vs Network: 937.96 EH/s
Miner hashrate (Estimated from block frequency (113 blocks found))
3.22 EH/s
Bitcoin network hashrate
937.96 EH/s
Chance of winning each block
1 in 291
Expected wait time at this hashrate
2 days
Expected blocks to find 1 solo block
291 blocks
Probability per block = miner_hashrate / network_hashrate
= 3.22 EH/s / 937.96 EH/s
= 1 in 291
Expected wait = blocks_to_win × 10 minutes
= 291 × 10 min = 2 days
⛏️ Miner Profile
Hashrate (24h)
3.22 EH/s (est. from 113 blocks)
Estimated from block frequency (113 blocks found)
Solo blocks found (tracked)
113 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 1,277,334,850 was the winner.
01,277,334,850 ← winner4,294,967,295
1,277,334,850
Winning Nonce
3,017,632,445
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 (99.86%)
Fixed reward, halves every 4 years
Fees — 0.004347 BTC (0.14%)
From 4,817 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 — 113 Blocks Found
355.5944
Total BTC earned
$28,784,654
Total USD value
Aug 25, 2026 · 23:13 UTC · NiceHash EasyMining
3.1635 BTC ≈ $256,079
⏱ 1 days since previous find
Aug 26, 2026 · 11:00 UTC · NiceHash EasyMining
3.1376 BTC ≈ $253,986
⏱ 0 days since previous find
Aug 26, 2026 · 14:35 UTC · NiceHash EasyMining
3.1411 BTC ≈ $254,265
⏱ 0 days since previous find
Aug 27, 2026 · 07:15 UTC · NiceHash EasyMining
3.1443 BTC ≈ $254,527
⏱ 1 days since previous find
Aug 27, 2026 · 08:44 UTC · NiceHash EasyMining
3.1600 BTC ≈ $255,793
⏱ 0 days since previous find
Aug 27, 2026 · 22:57 UTC · NiceHash EasyMining
3.1696 BTC ≈ $256,571
⏱ 1 days since previous find
Aug 28, 2026 · 11:12 UTC · NiceHash EasyMining
3.1412 BTC ≈ $254,273
⏱ 1 days since previous find
Aug 28, 2026 · 19:58 UTC · NiceHash EasyMining
3.1812 BTC ≈ $257,515
⏱ 0 days since previous find
Aug 29, 2026 · 14:34 UTC · NiceHash EasyMining
3.1539 BTC ≈ $255,299
⏱ 1 days since previous find
Aug 29, 2026 · 23:09 UTC · NiceHash EasyMining
3.1420 BTC ≈ $254,340
⏱ 0 days since previous find
Aug 29, 2026 · 23:32 UTC · NiceHash EasyMining
3.1342 BTC ≈ $253,704
⏱ 0 days since previous find
Aug 30, 2026 · 00:48 UTC · NiceHash EasyMining
3.1329 BTC ≈ $253,602
⏱ 0 days since previous find
Aug 30, 2026 · 18:58 UTC · NiceHash EasyMining
3.1443 BTC ≈ $254,528
⏱ 1 days since previous find
Aug 31, 2026 · 03:01 UTC · NiceHash EasyMining
3.1361 BTC ≈ $253,863
⏱ 0 days since previous find
Aug 31, 2026 · 17:12 UTC · NiceHash EasyMining
3.1503 BTC ≈ $255,011
⏱ 1 days since previous find
Sep 1, 2026 · 09:26 UTC · NiceHash EasyMining
3.1486 BTC ≈ $254,869
⏱ 1 days since previous find
Sep 1, 2026 · 11:02 UTC · NiceHash EasyMining
3.1350 BTC ≈ $253,768
⏱ 0 days since previous find
Sep 2, 2026 · 08:15 UTC · NiceHash EasyMining
3.1339 BTC ≈ $253,682
⏱ 1 days since previous find
Sep 2, 2026 · 12:55 UTC · NiceHash EasyMining
3.1835 BTC ≈ $257,699
⏱ 0 days since previous find
Sep 3, 2026 · 01:24 UTC · NiceHash EasyMining
3.1804 BTC ≈ $257,445
⏱ 1 days since previous find
📊 At 3.22 EH/s hashrate, statistically expected to find a block every 2 days. Actual average: 2 days. ✅ Right on track.