Math: Bitcoin Mining prospects versus Mass. Powerball Lottery prospects
I do not have the information at my fingertips to do these calculations, and am doubtful if I have the math do support such a comparison.
Here's my new favorite site regarding Bitcoin usage and transactions, which may provide some key stats.
https://digiconomist.net/bitcoin-energy-consumption
I am wondering what the odds are for the fastest ASIC processor of winning the prize of submitting the next blockchain update compared to the odds of some popular Lottery, so I picked Mass Powerball. From what I have learned, each GPU that is "playing the game" is merely submitting a series of picks, like Powerball.
The first GPU to submit the winning numbers, wins.
Once we have the prospects for the fastest ASIC, we can then look for the average hardware that is "playing the game" to find how low those odds become. That would be a follow-on question.
Anyone want to try and make that comparison?
Here's my new favorite site regarding Bitcoin usage and transactions, which may provide some key stats.
https://digiconomist.net/bitcoin-energy-consumption
I am wondering what the odds are for the fastest ASIC processor of winning the prize of submitting the next blockchain update compared to the odds of some popular Lottery, so I picked Mass Powerball. From what I have learned, each GPU that is "playing the game" is merely submitting a series of picks, like Powerball.
The first GPU to submit the winning numbers, wins.
Once we have the prospects for the fastest ASIC, we can then look for the average hardware that is "playing the game" to find how low those odds become. That would be a follow-on question.
Anyone want to try and make that comparison?
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ASKER CERTIFIED SOLUTION
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ASKER
Thanks for the correction.
I picked Mass. Powerball since it was in the news recently.
I will ask a new question and try to understand the details of that work done to solve the Blockchain hashes...
Thanks.
I picked Mass. Powerball since it was in the news recently.
I will ask a new question and try to understand the details of that work done to solve the Blockchain hashes...
Thanks.
ASKER
How many failed submissions, on average, would this machine require until it hits the winning jackpot?