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12238390
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1161005
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Development & Technical Discussion
Re: What is the probability of a 40 min 6 block streak?
by
grau
on
25/08/2015, 14:32:21 UTC
I think a more interesting question is, how big is the probability of not finding a block within time period in a mining pool of x% market share.
Knowing this enables you to audit pools.
Example:
Slush could not to mine a single block for more than 2 days between 19 and 21. Jun 2015, see
https://mining.bitcoin.cz/stats/blocks/?page=23
Slush' market share was 2.2% around that time, see
http://organofcorti.blogspot.hu/2015/06/june-14th-2015-block-maker-statistics.html
Such a bad luck has a probability of only 0.17%