How does it work? Say I win an auction at 40,000 sats. With boosted mining odds at 1 in 2050, and assuming a 4 bitcoin (400,000,000 sats) block reward, I have a 1 in 2000 chance of doing 10,000x on 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~~
boosted mining odds
at1 in 2050
, and assuming a 4 bitcoin (400,000,000 sats
) block reward, I have a1 in 2000
chance of doing10,000x
on 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~~