🖨️Difference from BTC mining

Bit lottery is a description of the probability of winning in solo mining.This form does not aim to obtain corresponding BTC allocation per computing power. It obtains the probability of solo mining BTC by using small computing power ASIC chips for hash calculation.

Solo mining, that is, individual mining, will be the exclusive BTC and GAS rewards of the block. Currently, most of the solo mining is done by small computing power ASIC mining machines, and the probability of mining is proportional to the proportion of computing power. When a 1Th/s mining machine performs Solo mining, the probability of mining a block is very low, just like the probability of winning the first prize in traditional lottery.

We call this behavior of mining BTC with small computing power Bitcoin lottery, or Bit Lottery for short.

The Bit lottery model also provides a new way to recycle obsolete BTC mining models, and recycling contributes to environmental protection.