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Some useful info here, it seems: https://upendo.rigly.io/auctions/saturday-block-party-1130-lot-12-74F4D474
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Some useful info here, it seems: https://upendo.rigly.io/auctions/saturday-block-party-1130-lot-12-74F4D474
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How does it work? Say I win an auction at 40,000 sats. With
boosted mining oddsat1 in 2050, and assuming a 4 bitcoin (400,000,000 sats) block reward, I have a1 in 2000chance of doing10,000xon my investment. This seems to be skewed in my favor. I guess there is a part I am missing where I am sharing the hash rate with other people. How many auctions for the same hash rate? There might be some basic flaw too in my calculation~~