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Probability of successfully solving the hash-puzzle

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Reference no: EM132274431

Assume that for each miner, the probability of successfully solving the hash-puzzle is p. Also assume that there are n miners in the system. Also, assume once a block has been mined, the new block reaches every node instantaneously (no network latency). So, all miners can start mining the next block simultaneously.

What is the probability that after the last successfully mined block, k miners will successfully solve the hash puzzle almost simultaneously?

Reference no: EM132274431

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