Re: probability of generating a block solo mining Bitcoin vs lottery
Thanks.
So it is possible to solo mine and be extremely lucky and hit a block right away, except the chance of this happening is currently 1 in 4,850,000
Yep. Pretty much. So it is possible to solo mine and be extremely lucky and hit a block right away, except the chance of this happening is currently 1 in 4,850,000
Short answer: Not worth it. Get a pool. I recommend Ozcoin.
Yeah thought so. 
cheers pal.