Post
Topic
Board Pools
Re: [9000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
by
Sir Alan
on 07/01/2015, 15:42:42 UTC
The so-called "luck" is only a measure of past success
Agreed

Quote
and always averages out.
It ain't necessarily so.  That's the gambler's fallacy.  It assumes that the universe somehow keeps a record of past events in order to even things up, and confuses luck with probability.  In an essentially random system such as bitcoin mining, just because it averaged out in the past doesn't mean it must always do so.