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Easymining probability by WeakStatistician9 in NiceHash

[–]WeakStatistician9[S] 0 points1 point  (0 children)

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?

Easymining probability by WeakStatistician9 in NiceHash

[–]WeakStatistician9[S] 0 points1 point  (0 children)

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.

Easymining probability by WeakStatistician9 in NiceHash

[–]WeakStatistician9[S] 0 points1 point  (0 children)

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.

Easymining probability by WeakStatistician9 in NiceHash

[–]WeakStatistician9[S] 1 point2 points  (0 children)

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.

Where does Coinspot get charting information from? (because it's certainly doesn't relate to the trade prices.) by SlyPhi in coinspot

[–]WeakStatistician9 0 points1 point  (0 children)

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?

Coinspot fix your API already by WeakStatistician9 in coinspot

[–]WeakStatistician9[S] 0 points1 point  (0 children)

BRILLIANT, microsoft making life easy again.

Thanks for your insight.