This doesn't mean that life will end when the next one hits. Solar storms come in different intensities. The impact of a solar mass ejection our civilization will depend on its strength and the technology we think we need to get by.
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Statistics show that Earth will get a direct hit from a major solar mass ejection every about every 500 years. This estimate comes from the number of solar mass ejections we see and frequency. Now figure in the size of the Earth versus the size of the solar mass ejection. The calculation is similar to the odds of a pin landing on a particular point on a globe, except Earth is the pin and the globe is the sun. In the end, we can estimate that Earth will get hit every 500 years or so by a flare large enough to affect our electronics.
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