Btc luck

Question is: what are the odds that it will happen? I would expect a ration : to take place in the answer. So if the current total H-power is about 7. Which is per a year, if the total H-power does not change and it basically does not depend on the difficulty, as the difficulty is based on total H-power. The chance you actually find a block will sadly decrease over time probably. Thing is, if you're lucky you win the lottery. And if you don't get lucky, you don't win and get nothing.

The advantage of being in a pool is that you play in more lotteries, so your luck averages out.

First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin

To answer your question more directly: the long block-intervals 10 minutes are there to reduce network-lag's influence on people's ability to mine on the newest block. There's some influence, inevitably, but others endure it too. Pools can have a minor advantage if they're close together, but the miners connect through them instead of directly.

I think there'd be no difference worth mentioning. Small footnote should be made about selfish mining, if another pool is big enough they'll have a mining advantage. Smaller it'd be a disadvantage. It's not being done and I hope pools will stay spread thinly enough to make it ineffective. You can safely ignore this. It also doesn't likely matter when you're "lottery mining" you're still betting just on your own luck! Unless you own an ASIC, of course.

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The beauty of Bitcoin is that it provides anyone with a chance to earn free bitcoins. No matter what statistics are used to calculate the odds of hitting the jackpot, they can never be used to predict the outcome. As we all can read in the numerous variaties and complications when it comes to calculating probabilities in the above mentioned posts, it's obvious that there will never be a mathematical model able to predict the possibilities. There are too many variables that change continously overtime diffuclty rate, amount of miners, growing blockchain etc.

Instead of focussing on mining itself you better try and find a way to reduce the cost. In that case it's cheaper then taking part in a lottery and your chances to hit the pot will be no more or less the same either way. That's why we call it luck ;. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more.

The cryptocurrency reached a peak at $28,352.63, according to CoinDesk

Solo mining just for luck, realistic? Ask Question. Asked 7 years, 4 months ago. Active 4 years, 10 months ago. Viewed k times. What are the odds? Improve this question. Many advisers suggest that only those with the financial wherewithal to withstand a substantial loss should even consider dabbling in digital assets.

Luck example

At its core, bitcoin is a software tool that allows anyone to memorialize transactions on an immutable digital ledger. So-called bitcoin miners solve complex puzzles or cryptograms that require an outsize expenditure of computing power and help to confirm transactions, and miners are in turn rewarded with bitcoins for that effort. This technology prevents double spending, in theory, and anonymizes users, which is why critics argue that its primary use is for money laundering and corruption. In its nascence, a single bitcoin was worth a fraction of a cent, but its moves have been stratospheric over the past 11 years, as demand has surged from both mainstream users and new corporate and individual entrants, who make the case that a revolution in financial markets is at hand.

PartsiD is trying to use e-commerce to compete with much larger rivals. This past week, it laid out its burgeoning network of tire installers and got its first analyst coverage. Mark DeCambre is MarketWatch's markets editor.

solo mining luck - Crypto Mining Blog

He is based in New York. The number of bitcoins sitting on cryptocurrency exchanges — ostensibly ready for a quick sale if the price is right — has fallen to about 2.

That track record alone might be enough to tempt more companies, investment firms, endowments, pension plans, governments, endowments, pension plans and regular people — especially at a time when bitcoin is increasingly viewed as a hedge against currency debasement, during an era of easy-money policies from central banks around the world. The range play is typical of price consolidation seen after a notable rally.

Litecoin LTC : Alternative cryptocurrency hits 3-year high as network activity picks up, with the number of new addresses climbing to the highest since Has Ethereum already passed threat from Ethereum killers? Bitcoin to Keep Dominating? DeFi and Altcoins offer a steady trickle of innovation and excitement.

But institutional adoption could represent a tsunami of cash. Risk-averse corporations and institutions are doing the buying.

How we calculate earnings and information about our 100% luck protection

This is similar to global investors in a new emerging market. They often target the biggest and most mainstream companies like banks and telecoms rather than smaller industrials. By the way, the Germany's BASF is benefiting as people under lockdown fix up their homes but its CEO said the chemical maker may be left out of the party after the pandemic as consumers turn their spending to entertainment. CEO Martin Brudermueller told Reuters that BASF, whose chemicals and plastics go into items including cars, furniture and construction materials, has benefited from purchasing activity amid lockdowns.

The British pound rallied on Friday to break above the 1. However, the 50 day EMA looks as if it is trying to offer resistance. Widely watched airfares in China are recovering to pre-pandemic levels as domestic tourists lead a patchy air travel recovery, scattering crumbs of hope to a shattered global travel sector.

With international markets like Europe still in partial lockdown, the global tourism industry's attention is riveted on China's new travel patterns as it brings COVID under control and lifts curbs on movement. The Chinese domestic market quietly overtook the once-dominant U. The stock market debut followed strong investor enthusiasm for Poshmark Inc.

Items that protect you from the virus are medical expenses, the tax agency says. Volatility is a measure of risk, and that's often measured in relation to returns. By that measure bitcoin is a beast so far this year. German insurer Allianz is nearing a 2. Allianz is close to entering exclusive talks with Aviva and a deal could be announced as soon as Friday, the sources said, speaking on condition of anonymity. A spokesperson for Aviva confirmed the British insurer was exploring options for its Polish business.

Nowhere is this clearer than in Nigeria, where the central bank is so worried about Nigerians choosing cryptocurrencies over the naira for overseas remittance payments that it is now paying them to use official channels for those transfers instead. The central bank announced the scheme after international remittances inflows plummeted last year, as more Nigerians abandoned official banking channels by turning to cheaper cryptocurrency exchanges.