Mini Miner – BMM 101

The Mini Miner BMM-101 is a compact, energy-efficient Bitcoin mining lottery device, designed for ease of use and optimised for home setups. It offers low power consumption and uses advanced firmware for improved performance, making it ideal for individual miners looking for a small, quiet mining solution. Looking for a fun gadget or gift? This is a must have for any Bitcoiner.

Bitcoin Lottery Mining
Bitcoin lottery mining is a strategy where solo miners or small mining operations compete to find a valid block in the Bitcoin network. It is called ‘lottery’ mining because the chances of success are relatively low, but the potential rewards significant. Unlike pool mining, where rewards are shared among many participants, lottery miners try to solve a block independently and claim the full block reward.

How BMM-101 works
The concept of lottery mining is rooted in the fundamental principles of Bitcoin’s proof-of-work consensus mechanism. Miners around the world compete to solve a complex mathematical problem, and the first one to solve it gets to add the new block and receives the block reward. In pool mining, this reward is divided among all participants based on their contributed hash power. In lottery mining you’re the lucky one to solve the block, you get to keep the entire reward.