🎓 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 Jun 21, 2026, against enormous odds, they hit the jackpot — block #954,636 worth $197,237. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.020552%
Miner: 196.7 PH/s vs Network: 957.2 EH/s
Miner hashrate (Estimated from block frequency (8 blocks found))
196.7 PH/s
Bitcoin network hashrate
957.2 EH/s
Chance of winning each block
1 in 4,866
Expected wait time at this hashrate
34 days
Expected blocks to find 1 solo block
4,866 blocks
Probability per block = miner_hashrate / network_hashrate
= 196.7 PH/s / 957.2 EH/s
= 1 in 4,866
Expected wait = blocks_to_win × 10 minutes
= 4,866 × 10 min = 1.1 months
⛏️ Miner Profile
Hashrate (24h)
196.7 PH/s (est. from 8 blocks)
Estimated from block frequency (8 blocks found)
Solo blocks found (tracked)
8 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 2,560,405,030 was the winner.
02,560,405,030 ← winner4,294,967,295
2,560,405,030
Winning Nonce
1,734,562,265
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 (99.26%)
Fixed reward, halves every 4 years
Fees — 0.023290 BTC (0.74%)
From 4,585 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 — 8 Blocks Found
$1,574,719
Total USD value
41 days
Avg between finds
Sep 3, 2025 · 23:38 UTC · NiceHash EasyMining
3.1564 BTC ≈ $197,746
Nov 6, 2025 · 23:19 UTC · NiceHash EasyMining
3.1417 BTC ≈ $196,822
⏱ 64 days since previous find
Nov 24, 2025 · 21:36 UTC · NiceHash EasyMining
3.1421 BTC ≈ $196,849
⏱ 18 days since previous find
Nov 25, 2025 · 21:14 UTC · NiceHash EasyMining
3.1533 BTC ≈ $197,552
⏱ 1 days since previous find
Nov 30, 2025 · 01:12 UTC · NiceHash EasyMining
3.1312 BTC ≈ $196,164
⏱ 4 days since previous find
Jan 5, 2026 · 06:37 UTC · NiceHash EasyMining
3.1293 BTC ≈ $196,050
⏱ 36 days since previous find
Apr 28, 2026 · 03:19 UTC · NiceHash EasyMining
3.1333 BTC ≈ $196,299
⏱ 113 days since previous find
#954,636THIS BLOCK
Jun 21, 2026 · 03:34 UTC · NiceHash EasyMining
3.1483 BTC ≈ $197,237
⏱ 54 days since previous find
📊 At 196.7 PH/s hashrate, statistically expected to find a block every 34 days. Actual average: 41 days. 😤 Unlucky so far.