🎓 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 Aug 29, 2026, against enormous odds, they hit the jackpot — block #964,640 worth $247,313. The cost of renting that hashrate? A fraction of the reward.
🎲 The Odds — Show Your Work
Miner's share of total Bitcoin hashrate
0.338080%
Miner: 3.12 EH/s vs Network: 921.7 EH/s
Miner hashrate (Estimated from block frequency (108 blocks found))
3.12 EH/s
Bitcoin network hashrate
921.7 EH/s
Chance of winning each block
1 in 296
Expected wait time at this hashrate
2 days
Expected blocks to find 1 solo block
296 blocks
Probability per block = miner_hashrate / network_hashrate
= 3.12 EH/s / 921.7 EH/s
= 1 in 296
Expected wait = blocks_to_win × 10 minutes
= 296 × 10 min = 2 days
⛏️ Miner Profile
Hashrate (24h)
3.12 EH/s (est. from 108 blocks)
Estimated from block frequency (108 blocks found)
Solo blocks found (tracked)
108 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 3,098,924,109 was the winner.
03,098,924,109 ← winner4,294,967,295
3,098,924,109
Winning Nonce
1,196,043,186
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 (99.71%)
Fixed reward, halves every 4 years
Fees — 0.009160 BTC (0.29%)
From 6,338 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 — 108 Blocks Found
339.8131
Total BTC earned
$26,814,312
Total USD value
Aug 22, 2026 · 17:39 UTC · NiceHash EasyMining
3.1373 BTC ≈ $247,560
⏱ 0 days since previous find
Aug 24, 2026 · 12:33 UTC · NiceHash EasyMining
3.1508 BTC ≈ $248,630
⏱ 2 days since previous find
Aug 24, 2026 · 20:33 UTC · NiceHash EasyMining
3.1668 BTC ≈ $249,892
⏱ 0 days since previous find
Aug 24, 2026 · 20:47 UTC · NiceHash EasyMining
3.1385 BTC ≈ $247,659
⏱ 0 days since previous find
Aug 25, 2026 · 07:21 UTC · NiceHash EasyMining
3.1388 BTC ≈ $247,681
⏱ 0 days since previous find
Aug 25, 2026 · 23:13 UTC · NiceHash EasyMining
3.1635 BTC ≈ $249,629
⏱ 1 days since previous find
Aug 26, 2026 · 11:00 UTC · NiceHash EasyMining
3.1376 BTC ≈ $247,588
⏱ 0 days since previous find
Aug 26, 2026 · 14:35 UTC · NiceHash EasyMining
3.1411 BTC ≈ $247,860
⏱ 0 days since previous find
Aug 27, 2026 · 07:15 UTC · NiceHash EasyMining
3.1443 BTC ≈ $248,115
⏱ 1 days since previous find
Aug 27, 2026 · 08:44 UTC · NiceHash EasyMining
3.1600 BTC ≈ $249,350
⏱ 0 days since previous find
Aug 27, 2026 · 22:57 UTC · NiceHash EasyMining
3.1696 BTC ≈ $250,108
⏱ 1 days since previous find
Aug 28, 2026 · 11:12 UTC · NiceHash EasyMining
3.1412 BTC ≈ $247,868
⏱ 1 days since previous find
Aug 28, 2026 · 19:58 UTC · NiceHash EasyMining
3.1812 BTC ≈ $251,028
⏱ 0 days since previous find
Aug 29, 2026 · 14:34 UTC · NiceHash EasyMining
3.1539 BTC ≈ $248,868
⏱ 1 days since previous find
Aug 29, 2026 · 23:09 UTC · NiceHash EasyMining
3.1420 BTC ≈ $247,934
⏱ 0 days since previous find
#964,640THIS BLOCK
Aug 29, 2026 · 23:32 UTC · NiceHash EasyMining
3.1342 BTC ≈ $247,313
⏱ 0 days since previous find
Aug 30, 2026 · 00:48 UTC · NiceHash EasyMining
3.1329 BTC ≈ $247,214
⏱ 0 days since previous find
Aug 30, 2026 · 18:58 UTC · NiceHash EasyMining
3.1443 BTC ≈ $248,117
⏱ 1 days since previous find
Aug 31, 2026 · 03:01 UTC · NiceHash EasyMining
3.1361 BTC ≈ $247,469
⏱ 0 days since previous find
Aug 31, 2026 · 17:12 UTC · NiceHash EasyMining
3.1503 BTC ≈ $248,588
⏱ 1 days since previous find
📊 At 3.12 EH/s hashrate, statistically expected to find a block every 2 days. Actual average: 2 days. ✅ Right on track.