🎓 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 May 4, 2026, against enormous odds, they hit the jackpot — block #947,911 worth $198,490. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.283735%
Miner: 2.56 EH/s vs Network: 900.81 EH/s
Miner hashrate (Estimated from block frequency (81 blocks found))
2.56 EH/s
Bitcoin network hashrate
900.81 EH/s
Chance of winning each block
1 in 352
Expected wait time at this hashrate
2 days
Expected blocks to find 1 solo block
352 blocks
Probability per block = miner_hashrate / network_hashrate
= 2.56 EH/s / 900.81 EH/s
= 1 in 352
Expected wait = blocks_to_win × 10 minutes
= 352 × 10 min = 2 days
⛏️ Miner Profile
Hashrate (24h)
2.56 EH/s (est. from 81 blocks)
Estimated from block frequency (81 blocks found)
Solo blocks found (tracked)
81 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 4,166,432,890 was the winner.
04,166,432,890 ← winner4,294,967,295
4,166,432,890
Winning Nonce
128,534,405
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 (99.27%)
Fixed reward, halves every 4 years
Fees — 0.022989 BTC (0.73%)
From 1,999 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 — 81 Blocks Found
254.8523
Total BTC earned
$16,069,204
Total USD value
Jun 28, 2026 · 07:04 UTC · NiceHash EasyMining
3.1361 BTC ≈ $197,738
⏱ 5 days since previous find
Jun 29, 2026 · 20:11 UTC · NiceHash EasyMining
3.1770 BTC ≈ $200,319
⏱ 2 days since previous find
Jul 11, 2026 · 21:07 UTC · NiceHash EasyMining
3.1385 BTC ≈ $197,889
⏱ 12 days since previous find
Jul 27, 2026 · 19:13 UTC · NiceHash EasyMining
3.1690 BTC ≈ $199,816
⏱ 16 days since previous find
Jul 29, 2026 · 03:39 UTC · NiceHash EasyMining
3.1318 BTC ≈ $197,468
⏱ 1 days since previous find
Jul 29, 2026 · 22:12 UTC · NiceHash EasyMining
3.1358 BTC ≈ $197,721
⏱ 1 days since previous find
Aug 3, 2026 · 13:19 UTC · NiceHash EasyMining
3.1532 BTC ≈ $198,820
⏱ 5 days since previous find
Aug 4, 2026 · 04:37 UTC · NiceHash EasyMining
3.1492 BTC ≈ $198,565
⏱ 1 days since previous find
Aug 6, 2026 · 01:13 UTC · NiceHash EasyMining
3.1519 BTC ≈ $198,736
⏱ 2 days since previous find
Aug 9, 2026 · 14:37 UTC · NiceHash EasyMining
3.1481 BTC ≈ $198,498
⏱ 4 days since previous find
Aug 10, 2026 · 02:41 UTC · NiceHash EasyMining
3.1425 BTC ≈ $198,141
⏱ 1 days since previous find
Aug 10, 2026 · 03:30 UTC · NiceHash EasyMining
3.1322 BTC ≈ $197,495
⏱ 0 days since previous find
Aug 10, 2026 · 11:19 UTC · NiceHash EasyMining
3.1495 BTC ≈ $198,586
⏱ 0 days since previous find
Aug 10, 2026 · 15:17 UTC · NiceHash EasyMining
3.1477 BTC ≈ $198,471
⏱ 0 days since previous find
Aug 13, 2026 · 07:24 UTC · NiceHash EasyMining
3.1365 BTC ≈ $197,763
⏱ 3 days since previous find
Aug 14, 2026 · 14:14 UTC · NiceHash EasyMining
3.1347 BTC ≈ $197,655
⏱ 1 days since previous find
Aug 14, 2026 · 21:41 UTC · NiceHash EasyMining
3.1487 BTC ≈ $198,535
⏱ 0 days since previous find
Aug 14, 2026 · 23:43 UTC · NiceHash EasyMining
3.1401 BTC ≈ $197,990
⏱ 0 days since previous find
Aug 15, 2026 · 07:07 UTC · NiceHash EasyMining
3.1532 BTC ≈ $198,821
⏱ 0 days since previous find
Aug 15, 2026 · 19:27 UTC · NiceHash EasyMining
3.1432 BTC ≈ $198,187
⏱ 1 days since previous find
📊 At 2.56 EH/s hashrate, statistically expected to find a block every 2 days. Actual average: 3 days. 😤 Unlucky so far.