What Are The Odds Of Finding A Block While Solo Mining Bitcoin

Last Updated on November 5, 2023 by Paganoto

Bitcoin miner beats 1 in 1.3 million odds to mine a BTC block

A solo bitcoin (BTC) miner with only 126 terahashes per second (TH/s) of computing power has become the unlikely winner of a block race on the Bitcoin network.

What are the odds of discovering a block as a solo miner?

Take the total network Th/s and divide by your total Th/s. That tells you on average how many blocks will occur before you get one.

How Are Such Small Miners Solving Bitcoin Blocks?

After three solo bitcoin miners found valid block hashes themselves in January, netting more than $200,000 in BTC each, many are asking how.

How to calculate the odds of finding a block solo-mining?

does anyone know of an online calculator or have a formula to estimate the odds of finding a block while solo mining with X amount of hashing power?

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Small-Time Bitcoin Miner Beats 1 in 1.3 Million Odds To Get …

In a follow-up tweet, Dr. Kolivas puts the odds of a small-time bitcoin miner finding a block in a day at a 1 in 10,000 chance. Basically, this particular miner …

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Solo CK administrator, Con Kolivas, tweeted a congratulatory message, stating that there was “an ~81% chance that someone on the pool would have …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.