pull down to refresh
21 sats \ 0 replies \ @openyoureyes 3h \ parent \ on: Lucky solo bitcoin miner beats 1-in-82-year odds to win $285,000 block reward bitcoin_Mining
A fair lottery. Like 100 people bet a dollar and one wins 100. All other loose.
We all compete with the amount of our hashrate to win the next block.
The possibility of winning is proportional to the amount of hashrate but based on pure luck. Like a lottery where the hashrate are tickets.
Best way to explain it simple.