Topic: Satoshi into bitcoin equation (Read 720 times)
thanks man! I just have to have this strategy go for 24 hours to make 1 btc. The odds of any of the dice sites failing is .01%. So hopefully they can auto roll for 24 hours. Alternatively one or two or a few of the sites might fail and the others would continue to roll, or they all might fail. This leads to some interesting scenarios. I am rolling on 4 sites simultaneously. I actually think I might be making over 1000 satoshis a second.
well since you guys were nice to me I thought I would share an idea.
I will play a very safe strategy on auto bet at several different dice sites. The goal is to get around 1000 satoshis a second. Then all I have to do is leave the auto bet on and I will make btc. The only issue is if the strategy busts before I reach the break even point. If the strategy fails and I made break even before it failed I will leave it running. Since it is a safe strategy there is a chance that I can have them running for 1 day without a bust.
What are the odds of a 90% chance to win failing 4 times in a row?
I will play a very safe strategy on auto bet at several different dice sites. The goal is to get around 1000 satoshis a second. Then all I have to do is leave the auto bet on and I will make btc. The only issue is if the strategy busts before I reach the break even point. If the strategy fails and I made break even before it failed I will leave it running. Since it is a safe strategy there is a chance that I can have them running for 1 day without a bust.
What are the odds of a 90% chance to win failing 4 times in a row?
(1/10)*(1/10)*(1/10)*(1/10) = 0.0001
0.0001 * 100 = 0.01% (converting to a percentage)
Or alternatively, a single roll at 90% has a 10% chance of failure, two rolls at 90% have a 1% chance of failure (since 10% of 10% is 1%), three rolls at 90% have a 0.1% chance of failure, and so it follows that four rolls at 90% have a 0.01% chance of failure.
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how about 5? eli5 pls thx!
(1/10)*(1/10)*(1/10)*(1/10)*(1/10) = 0.00001
0.00001 * 100 = 0.001%
It doesn't look very likely but keep in mind that this is the chance that out of four/five bets at 90%, all will be losing bets. Once you start making hundreds or thousands of bets, then the chances of such a losing streak happening rise significantly. In fact, this is the reason why the Martingale strategy of doubling your bet after every loss always eventually fails.
well since you guys were nice to me I thought I would share an idea.
I will play a very safe strategy on auto bet at several different dice sites. The goal is to get around 1000 satoshis a second. Then all I have to do is leave the auto bet on and I will make btc. The only issue is if the strategy busts before I reach the break even point. If the strategy fails and I made break even before it failed I will leave it running. Since it is a safe strategy there is a chance that I can have them running for 1 day without a bust.
What are the odds of a 90% chance to win failing 4 times in a row? how about 5? eli5 pls thx!
I will play a very safe strategy on auto bet at several different dice sites. The goal is to get around 1000 satoshis a second. Then all I have to do is leave the auto bet on and I will make btc. The only issue is if the strategy busts before I reach the break even point. If the strategy fails and I made break even before it failed I will leave it running. Since it is a safe strategy there is a chance that I can have them running for 1 day without a bust.
What are the odds of a 90% chance to win failing 4 times in a row? how about 5? eli5 pls thx!
why is everybody coming up with different answers lol.
They're not different answers, just different ways of answering the same question:
The first answer by yampi says that you will make 1 BTC in roughly 14 hours assuming a rate of 2,000 satoshis per second. This is the same as roughly 28 hours at 1,000 satoshis per second.
The second answer by freeyourmind says that you will need a rate of 1,157.4 satoshis per second to make 1 BTC in a day. This is also true.
The third answer by DannyHamilton says that you will make 1 BTC in almost 28 hours (1 day, 3 hours, 46 minutes, and 40 seconds) assuming a rate of 1,000 satoshis per second. That's about 1 BTC in roughly 14 hours if the rate was 2,000 satoshis per second instead (i.e. the same as what yampi said).
Conclusion:
1,000 satoshis/second = 28 hours
2,000 satoshis/second = 14 hours
1,157 satoshis/second = 24 hours
Yeah now that I look back at your question, I didn't answer how long it would take. I thought you wanted the rate to make 1 btc in a day.
I see. Math is not my strong suit haha. Thanks guys
why is everybody coming up with different answers lol.
They're not different answers, just different ways of answering the same question:
The first answer by yampi says that you will make 1 BTC in roughly 14 hours assuming a rate of 2,000 satoshis per second. This is the same as roughly 28 hours at 1,000 satoshis per second.
The second answer by freeyourmind says that you will need a rate of 1,157.4 satoshis per second to make 1 BTC in a day. This is also true.
The third answer by DannyHamilton says that you will make 1 BTC in almost 28 hours (1 day, 3 hours, 46 minutes, and 40 seconds) assuming a rate of 1,000 satoshis per second. That's about 1 BTC in roughly 14 hours if the rate was 2,000 satoshis per second instead (i.e. the same as what yampi said).
Conclusion:
1,000 satoshis/second = 28 hours
2,000 satoshis/second = 14 hours
1,157 satoshis/second = 24 hours
why is everybody coming up with different answers lol.
Lets say I make 1000 satoshi a second how many days would it take to make one bitcoin?
Now how about 2000 satoshi a second? what is the equation here?
Now how about 2000 satoshi a second? what is the equation here?
satoshis = bitcoins X 100000000
Since you want to make 1 bitcoin, that means that you want to make:
1 X 100000000 = 100000000 satoshis
time = satoshi you want to make / rate that you make satoshi
If you make 1000 satoshis per second:
10000000 / 1000 = 100000 seconds to make 1 bitcoin
There are 60 seconds in each minute. So if you divide 100000 seconds by 60 seconds per minute, you see that it will take you 1666 minutes (with a remainder of 40 seconds) to make 1 bitcoin.
There are 60 minutes in each hour. So if you divide 1666 minutes by 60 minutes per hour, you see that it will take you 27 hours (with a remainder of 46 minutes) to make 1 bitcoin.
There are 24 hours in each day. So if you divide 27 hours by 24 hours per day, you see that it will take you 1 day (with a remainder of 3 hours) to make 1 bitcoin.
So, at 1000 satoshi per second, it will take you 1 day plus the remaining 3 hours plus the remaining 46 minutes plus the remaining 40 seconds to make 1 bitcoin.
1 day, 3 hours, 46 minutes, and 40 seconds.
Lets say I make 1000 satoshi a second how many days would it take to make one bitcoin?
Now how about 2000 satoshi a second? what is the equation here?
Now how about 2000 satoshi a second? what is the equation here?
100,000,000 satoshi = 1 BTC
(satoshi per day) = (satoshi per second) * (60 seconds) * (60 minutes) * (24 hours)
(satoshi per day) = (satoshi per second) * 86,400
So @ 1,000 satoshi per second,
satoshi per day = 1,000 * 86,400
satoshi per day = 86,400,000
@ 2000 satoshi per second,
satoshi per day = 172,800,000
To make 1BTC per day,
100,000,000 = (satoshi per second) * 86,400
satoshi per second = 1,157.4
If you make 2000 satoshi a second you will make 172,800,000 satoshi a day.
If you make 1.728 btc a day, you will make 1 btc in roughly 14 hours.
If you make 1.728 btc a day, you will make 1 btc in roughly 14 hours.
Lets say I make 1000 satoshi a second how many days would it take to make one bitcoin?
Now how about 2000 satoshi a second? what is the equation here?
Now how about 2000 satoshi a second? what is the equation here?
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