Its me, Im bad luck Im telling ya, but I love this pool! LOL
And where did all the crazy hashrate come from the last 10hrs?!?!?!?!?
And where did all the crazy hashrate come from the last 10hrs?!?!?!?!?
I believe the jump in hash rate is due to hoppers calculating that there's a high probability of us finding blocks. In other words, we're so down on our luck that there's bound to be a bright future.
http://en.wikipedia.org/wiki/Gamblers_fallacy
No, not really. I was referring more to the law of large numbers.
The Gambler's fallacy is more concerned with discrete cases or the following event. That was not my original point, and you are mistaking my intentions with a completely separate idea.
Don't let the "large" in the name of the law fool you. The law of large numbers doesn't depend upon what you may think is a "large" number. In fact, the largeness is arbitrary. The law of large numbers simply states that "as the number of trials of a random process increases, the percentage difference between the expected and actual values goes to zero,"
If you really want to continue this debate, we can do so via PM. Although, this is about all I'm going to say about this for a while. I have an actuarial exam that I'm studying for. So, don't expect an immediate response from me.
