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Thanks for the clarification, I thought the hash difficulty was updated much less frequently. The word "random" is still very misleading, as your chances would

by omni 14y ago

Thanks for the clarification, I thought the hash difficulty was updated much less frequently. The word "random" is still very misleading, as your chances would still be determined by your mining power.

donpdonp 14y ago
My answer was slightly misleading, while blocks are won about every ten minutes, the difficulty is adjusted every 2016 blocks (2016 * 10 minutes = 14 days). https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty
sp332 14y ago
The word "random" is still very misleading, as your chances would still be determined by your mining power. The winning hash is random with uniform probability. So the more hashes you have, the more likely it is that you have the winning hash.