Explaining Bitcoin Mining as a Poisson Distribution

Suhail Saqan
8 min readMay 24, 2022

If you ever watched a block chain explorer, such as mempool.space, and waited for the next block to be mined, you would’ve realized that it varies in the time it takes to mine each bitcoin block. However, if you waited long enough and observed many blocks you would realize that the average time for each block to be mined is around 10 minutes.

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