Post
Topic
Board Bitcoin Discussion
Re: What are the odds to never mine a block with 500Mh/s solo?
by
Quantumplation
on 25/06/2011, 00:41:03 UTC
My result: 70% to never mine a single block ever.
If you take "ever" as in "in eternity", you have a probability of 100% to mine a block, hell, you're even 100% likely to mine 1000 blocks with only 1 hash per second!

Please specify a REAL timeframe like "within the next 5 years", not infinity!

Not true as there's a finite number of bitcoins.

But not a finite number of blocks.  After we stop minting coins, there will still be new blocks with transaction fees.