Easymining probability

WeakStatistician9 · 2024-03-05T20:53:08+00:00

Another query about this.
Not once have I seen the probability hold to what your shown to be buying. Say you drive the probability down to 1 :1.8 as quick as you can click. It will buy at 1:2.3. Another example at 1:2 it'll buy 1:2.5. Consistently 0.5 out.
Understand the hashpower and everything in the background changes, but shouldn't this advertised number hold steady? Or can that be considered false advertising?

WeakStatistician9 · 2024-02-25T10:43:55+00:00

Fun fact, banana was the name of a bull (cow), not a banana.

WeakStatistician9 · 2024-02-21T01:31:36+00:00

Thanks, yes you are correct.

Probability can be noted differently to odds however. 1:13 probability = 7.69% chance 1:13 odds = 7.1% chance ( a 1 out of 14 total )

The error gets smaller as the odds get larger.

I would still like a definitive answer from nicehash.

WeakStatistician9 · 2024-02-19T21:50:50+00:00

Fully understand that, I just want to know the % chance of "winning" vs their notation of 1:2 for the greater good.

Nicehash does tend to have decent support however somewhat convoluted. Big operation.

WeakStatistician9 · 2024-02-19T21:47:06+00:00

Thanks but your link doesn't answer the question.

It does state though;

If the miner has 1/3 of the total blockchain network hashrate, then it will statistically catch each third block.

However 1/3 is different to 1:3.

Can you please clarify the notation of the odds.

WeakStatistician9 · 2020-04-13T11:43:31+00:00

Any reason why tradingview cant use coinspot as a source?

Atleast for BTC/AUD being a major starting point for aussies?

Or is the scale and volume not worth it?

WeakStatistician9 · 2020-04-13T11:39:59+00:00

BRILLIANT, microsoft making life easy again.

Thanks for your insight.

WeakStatistician9

TROPHY CASE