How does a pool mine a Block

[MoonReaver]

Not counting the setting of hardware for mining.. but considering the hypothetical statistics of an example here..

I don’t know in very detail what the mining difficulty is, but we will take an example of me running a pool with 100TH/s.. taking TH as an example I don’t know much about the hardware at the mining nor the power it provides.. but I am learning slowly.

So there are pools that provides a lot of hashing power, some provide a lot compared to others, sometimes even the pools that provides 10 times less the hashrate compared to other pools are able to mine a block..

Does it depends on luck too?, how does actually the bitcoin network network decides who mines the block, what’s the catch..

[_act_]

It depends on luck for such people. There are solo miners that are still mining blocks, but their hash rate is not really small but significantly smaller than the hash rates produced by mining pools.

But the mining pools with the highest hash rate will be the one producing more blocks and getting the mining reward.

You can see the hash rate here: https://mempool.space/mining
These are blocked mined and the mining pool or miner that mined the block: https://mempool.space/blocks/1

Compare both and see what I am taking about. You will rarely see unknown miners but they are there.

If the hash rate is very small like using a computer to try it, the chance to produce a block is almost zero. Those solo miners are still having ASICs to do the work.

[FP91G]

These miners have a luck calculator on the website.
https://www.asicminervalue.com/solo-mining

The process of finding a block requires significant computing resources and time, so the higher your hashrate, the greater your chances of successfully mining a block.
Your 100 TH/s ASIC will likely fail several times faster than you'd get the same results. And the hashrate is constantly growing.

[MoonReaver]

It depends on luck for such people. There are solo miners that are still mining blocks, but their hash rate is not really small but significantly smaller than the hash rates produced by mining pools.

But the mining pools with the highest hash rate will be the one producing more blocks and getting the mining reward.

You can see the hash rate here: https://mempool.space/mining
These are blocked mined and the mining pool or miner that mined the block: https://mempool.space/blocks/1

Compare both and see what I am taking about. You will rarely see unknown miners but they are there.

If the hash rate is very small like using a computer to try it, the chance to produce a block is almost zero. Those solo miners are still having ASICs to do the work.

I did used to view Mempool in past but never paid attention to blocks or mining, for some reason mempool.space isn’t opening on my phone.. Though I do remember there a few pools like ‘Viabtc’ I don’t know if it’s the exact name but this pool mined many blocks when I regularly used to use mempool to view transactions.

I made this thread because of the reason i visited Willi’s Group Buy thread and had some questions.

[FP91G]

I did used to view Mempool in past but never paid attention to blocks or mining, for some reason mempool.space isn’t opening on my phone.. Though I do remember there a few pools like ‘Viabtc’ I don’t know if it’s the exact name but this pool mined many blocks when I regularly used to use mempool to view transactions.

I made this thread because of the reason i visited Willi’s Group Buy thread and had some questions.

Install any VPN, and all links will open smoothly. Many resources are currently inaccessible in Russia without a VPN.
You can buy the equipment or rent hashrate; it depends on your willingness to spend a little money per month. With a hashrate of 10-20 terahashes, it's very difficult to mine a block, but sometimes miracles happen.

[NotFuzzyWarm]

Not counting the setting of hardware for mining.. but considering the hypothetical statistics of an example here..

I don’t know in very detail what the mining difficulty is, but we will take an example of me running a pool with 100TH/s.. taking TH as an example I don’t know much about the hardware at the mining nor the power it provides.. but I am learning slowly.

So there are pools that provides a lot of hashing power, some provide a lot compared to others, sometimes even the pools that provides 10 times less the hashrate compared to other pools are able to mine a block..

Does it depends on luck too?, how does actually the bitcoin network network decides who mines the block, what’s the catch..

Everything you need to know about how a miner & pool work together can be found here at Kano's site and all the technical details right under that here.