What are the ACTUAL Odds of Mining a Bitcoin Block?

What are the ACTUAL Odds of Mining a Bitcoin Block?

Crypto mining is a validation process that underpins decentralized crypto networks and makes them resistant to double spending and attacks. It’s done by miners using powerful computing hardware that races to solve complex mathematical puzzles.

A miner that correctly solves a block updates the blockchain and earns bitcoin as reward. But mining is expensive and energy-intensive, and the equipment can break or be obsolete.

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