If you like playing Mega Millions and the Powerball, you are going to love playing the Bitcoin Lottery!
What if we could tell you that every 10 minutes, the BTC network gives you a chance to earn about 3.125 BTC or about $343,750? Every miner of the same hashrate regardless of the miner efficiency has an equal chance to win the block lottery. Every 10 minutes Bitcoin network produces a block and the lucky miner who finds it gets a reward of 3.125 BTC per current block subsidy plus any network transaction fees for that block. In a day, Bitcoin produces about 144 blocks and rewards about 450 Bitcoins in block rewards. There’s one in a million chance every day to win a Bitcoin block reward.
If you have older mining units that aren’t just as profitable mining on pools, its worth a try to take a spin with pools such as ViaBTC, ckpool and others that allow solo mining. Miners running the stock firmware usually yield the best results in hitting solo block. As far as best timing goes, when there is stress on the grid and big miners in places such as Texas are curtail their operations as part of demand response, the probability of hitting a block gets higher. Curtailments happen usually during heatwaves or polar vortex cold snaps.
If you are interested in learning how to setup your miners to make you a small fortune, reach out to our team today.