JackTheMimic on Nostr: The chance to win is not a probability of finding a 256 bit number it is a range less ...
The chance to win is not a probability of finding a 256 bit number it is a range less than that. Also, the chances of mining a block is deterministic based on the participant computational load. This means if you were the only miner for 3 weeks you would find a block every 10 minutes with a bitaxe. It feels like you don't actually understand the probabilities here.
Published at
2024-09-09 06:46:42Event JSON
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"content": "The chance to win is not a probability of finding a 256 bit number it is a range less than that. Also, the chances of mining a block is deterministic based on the participant computational load. This means if you were the only miner for 3 weeks you would find a block every 10 minutes with a bitaxe. It feels like you don't actually understand the probabilities here.",
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