As my understanding, many miners are working on hashing a block, any more than 1 miners could get the correct solution. But according to the “lottery” principle, only 1 miners will found the block, add it to blockchain and receive the reward.
My question is, why do a single miner with a single CPU can get small amount of BTC (like 0.00000x btc/day) since we cant compute with strong computing power and there is only 1 winner, he/she should receive completely 25 btc.
Is my understanding on “mining” incorrect? Appreciate if anyone could answer 🙂
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