Quote from: OjAbram on March 19, 2024, 01:16:10 PM

So far my research on Bitcoin is not as I imagined, I thought a day or two would guarantee me enough to understand the major concept of Bitcoin as a whole but I've barely scratch the basic concept. What I don't understand is mining in Bitcoin, based on my own research and that of PX-Z in my first post it's clear to me that 80% of user in this forum are no miners just mostly investors.
I thought BTC mining was just as every other mining crypto until I did my research honestly it's not what I expected.

My question?
•Can a single miner with enough resources (be able to claim the block reward) compared to farm network?
•What are the chances of a single miner against a farm?

REFERENCE
https://learnmeabitcoin.com/
https://www.toptal.com/finance/blockchain/what-is-bitcoin-mining

Nice question from a beginner, by the way I think this topic should be move to the Bitcoin mining section, you will get even more answers in that section than here.

A single miner can get the job done if its the most fastest and latest Bitcoin Asic miners, yes we call them Asic miners, but if you go with old Asic miners or even the most common ones like S19 it will take God known when to solve a single block if you choose to Solo mine with them.

But your question isnt about Solo mining, so you only need a Asic miner to start mining Bitcoin if you connect to a mining pool, you will join numbers of other miners on the pool and when a block is solved you will all share the reward together.

This is better and faster way to get Bitcoin paid into your wallet every 24 hours instead of Solo mining which is all about using your single miner to solve a block all for yourself, which can take years to achieve.