The crucial point which you omitted is that the hash output is uniformly random. | Hacker News

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		foobarqux on Nov 4, 2013 \| parent \| context \| favorite \| on: Majority is not Enough: Bitcoin Mining is Vulnerab... The crucial point which you omitted is that the hash output is uniformly random.

optimiz3 on Nov 5, 2013 [–]

Yes - to be precise approximately 1/(2^32*difficulty) chance any one hash is a block solution.

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