I'm sure the question was already asked, but I can't seem to find the answer.
How do you calculate the probability to find a block ?
Do you take the Hashrate of the network, at around 1 481 065 321GH/s now, and divide it by your own Hashrate ?
For example, if I have a 280GH/s Hashrate, I have 1 chance on 5 289 520 (= 1 481 065 321 280) to find a block ?
very close but just a little wrong
take that 5,289,520 then divide it by 144 .
why is that?
we make 144 blocks a day for the network (+ or - 30 bocks)
so 5,289,520/144 = 36,732 to one on average each day
so a week would be 5,247 to one