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LBRY Claims • winning-the-bitcoin-lottery

5810b84683e83ca1df0250f650d8a76972d46b90

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1 Jul 2023 18:02:38 UTC
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Winning The Bitcoin Lottery
#bitcoin #bitcoinmining #lottery

Every 10 minutes The Bitcoin Network holds a lottery for 6.25 Bitcoin (at least until the next halving). This lottery is often referred to as Bitcoin Mining. Bitcoin Mining is the process of using computational power to secure The Bitcoin Network. As s reward for using your computational power, the Bitcoin network rewards the winner with new Bitcoin and the fees from that block. While most miners join a mining pool you can mine by yourself in what is known as lottery mining. However, it is extremely rare to win the reward as a lottery miner. Even ASIC miners rarely win it.
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https://www.youtube.com/watch?v=xpu2oo5vpNs
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