Bit Lottery Theory
  • πŸ…±οΈBit Lottery Theory
  • 🎟️Difference from traditional lottery
  • πŸ–¨οΈDifference from BTC mining
  • 🎰Bit Lottery Probability
  • πŸ“©Way of participation
  • πŸ”‚Economic Model
  • πŸ’Donation
  • πŸ€Future plan
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Bit Lottery Probability

Through model incentives, the proportion of individual mining in the total BTC mining power has increased to 1%.

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Last updated 6 months ago

Latest winning time
October 24, 2024
Winning Model
ASIC Solo 500G

Total number of winning blocks

284

Total winning BTC

β€Ž5506 BTC

Number of winning blocks in 2024

18

Number of winning BTC in 2024

61.55 BTC

Winning rate of 2024 block

3.22 per 10,000 block

2024 Blocks released

43379

Based on the data from , we analyzed the solo mining data of the past 10 years.

In 2023, 12 blocks were mined by individuals, accounting for 2.28 per 10,000 blocks mined in 2023.

As of July 29, 2024, individuals mined 14 blocks, accounting for 3.22 per 10,000 of the 43,379 blocks mined in 2024.

278 blocks have been mined since September 22, 2014, accounting for 5.51 per 10,000 of the total number of BTC blocks, 504,432.

According to rough statistics from three important solo mining platforms, there are currently about 60,000 solo mining devices with a total computing power of 123PH/s, this is 2/10,000 of the total BTC hashrate of 600EH/s.

The ratio of the number of solo mining blocks to the number of mined blocks and the total solo mining computing power to the total BTC computing power is 2/10,000, which means that the computing power ratio roughly determines the amount that can be mined, but there is also randomness, because the ratio mined in 2024 was 3.57/10,000, in 2023 it was 2.28/10,000, and in the past 10 years it was 5.51/10,000,It is 10%-70% higher than the computing power, showing a certain degree of randomness.

Based on the hash rate of 600Eh/s, if you hold 10Th/s hash rate, your share of the total network is 2/100 million. There are 144 draws per day, so the winning rate is 1/2.4 million per day. If you only hold 500Gh/s, your winning rate is 1/12 million per day.

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