Quote from: Ricardo11 on Today at 02:43:40 PM

The probability of mining a new block every 10 minutes is about 1/10 or 10% on average.

This is incorrect, and thus, so is everything that follows. Binomial probability is not the method to compute it either.

Quote from: AmaGold70 on Today at 02:54:45 PM

It seems newbies aren't allowed to send a picture here because I did my calculations in my notebook as it would have been easier for me to drop a picture of my calculations. I may be wrong though with my answer but am delighted to participate.

I would be glad to see your calculations! Drop them in talkimg and post them as a link (since you're prohibited on posting images).

Quote from: Cityhunter34 on Today at 03:10:07 PM

The chance of having exactly three blocks mined in 10 minutes is 0.001

It is not. You can verify by checking the blockchain. 0.001 is 0.1%, which means that three blocks in 10 minutes would have to be mined only once in 1000 times. By checking the three most recent blocks (835552, 835553 and 835554), I can see that they were all mined within 10 minutes. If you go a little past that, blocks 835541, 835540, 835539 and 835538 were all mined within 10 minutes! I'm sure you will find more such cases, a lot more frequently than once in 1000.

Quote from: Amphenomenon on Today at 04:44:04 PM

Using this formula I got 0

Quote from: seoincorporation on Today at 04:58:33 PM

It can be 0... That's a fact.

I just gave two recent examples. How can it have zero probability?