Glossary: Lottery Mining

Glossary: Lottery Mining

A nickname for solo mining that compares it to playing the lottery — you have a tiny chance of winning big with each block attempt.

Glossary: Variance

Glossary: Variance

Mining variance is the randomness in when you find blocks — you might get lucky and find one early, or go way longer than expected without winning.

Glossary: Solo Block

Glossary: Solo Block

A solo block is a block you mined completely on your own without sharing the reward with a mining pool—the ultimate win in solo mining.

Glossary: Network Hashrate

Network hashrate is the total computing power of all miners working on a blockchain at any given time, measured in hashes per second.

Glossary: Stratum Protocol

The stratum protocol is a communication standard that lets mining hardware talk to pools or nodes efficiently, sending work and receiving shares.

Glossary: getblocktemplate

Glossary: getblocktemplate

A Bitcoin RPC command that lets mining software request block data from a node to construct and mine new blocks independently.

Glossary: P2Pool

Glossary: P2Pool

P2Pool is decentralized pool mining that combines small miners’ hash power while keeping rewards distributed like solo mining.