🎓 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 Mar 6, 2026, against enormous odds, they hit the jackpot — block #939,527 worth $236,724. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.006190%
Miner: 60.2 PH/s vs Network: 972.38 EH/s
Miner hashrate (Estimated from block frequency (2 blocks found))
60.2 PH/s
Bitcoin network hashrate
972.38 EH/s
Chance of winning each block
1 in 16,156
Expected wait time at this hashrate
112 days
Expected blocks to find 1 solo block
16,156 blocks
Probability per block = miner_hashrate / network_hashrate
= 60.2 PH/s / 972.38 EH/s
= 1 in 16,156
Expected wait = blocks_to_win × 10 minutes
= 16,156 × 10 min = 3.7 months
⛏️ Miner Profile
Hashrate (24h)
60.2 PH/s (est. from 2 blocks)
Estimated from block frequency (2 blocks found)
Solo blocks found (tracked)
2 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 716,272,414 was the winner.
0716,272,414 ← winner4,294,967,295
716,272,414
Winning Nonce
3,578,694,881
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 (99.84%)
Fixed reward, halves every 4 years
Fees — 0.005155 BTC (0.16%)
From 814 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 — 2 Blocks Found
224 days
Avg between finds
Jul 25, 2025 · 02:22 UTC · NiceHash EasyMining
3.1756 BTC ≈ $240,162
#939,527THIS BLOCK
Mar 6, 2026 · 04:24 UTC · NiceHash EasyMining
3.1302 BTC ≈ $236,724
⏱ 224 days since previous find
📊 At 60.2 PH/s hashrate, statistically expected to find a block every 112 days. Actual average: 224 days. 😤 Unlucky so far.