Why Bitcoin Lottery Mining Has Better Odds Than the Powerball

Bitcoin Magazine Why Bitcoin Lottery Mining Has Better Odds Than the Powerball

Bitcoin home mining with low-power devices like the Bitaxe, a new trend in the Bitcoin world, is starting to captivate the imagination of many, as the math appears to challenge the odds of winning big lotteries like the Powerball. Dubbed “lottery mining” for its low-probability, high-reward nature, devices like the Bitaxe and many other home mining devices — some of which can heat your home — also give you a chance to win big. This article compares the various types of mining pools that can be considered lottery mining and their mathematical odds, expected rewards and costs of solo mining with home miners, compared to the biggest lottery in America — the Powerball.

Lottery Mining Pools

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