Jan 15, 2025
6:07:39pm
cheezedawg Properly rated
These little Bitcoin miners are cheap and only cost a few dollars per month in electricity to run. They are too weak to
really participate in a mining pool that will actually generate consistent income, so instead people are setting them up as “lottery miners”. Basically, at the current hash rate, there is about a 1 in 12 million chance per day that one of these miners will mine a block solo and collect the full 3.125 BTC block reward ($300k). So this is like spending $250 once on a lottery ticket that gives you a chance to win every day for the foreseeable future. That’s a 1 in 32,000 chance you will win in a year. That’s better odds than most lotteries 😂

In their docs, they claim that somebody with one of these miners did mine a block and collect the full reward last summer. LOL

cheezedawg
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cheezedawg
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