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Title: My Equation for the price of bitcoins. Please Give me your thoughts Post by: marty.lee on September 05, 2011, 03:38:57 PM After a little thinking while I was trapped in the n00b jail, I came up with this formula to calculate the exchange of USD to bitcoin based off a number of factors. NothinG made a good php script on his site to run my equation using all current data. Take a look at:
http://zombietoday.com/dev/pricecal.php The Equation is: (b*r)/((c*(b/m*(a/e)))-d) b = blocks r = reward c = control = 2500000 m = another control = 140000 a = avareage Time To Solve a Block in seconds with no decimals sense last difficulty change e = expected time to solve a block = 600 = 10 mins d = difficulty The current price of bitcoins should be around: $8.87 Kind Regards, Marty Lee Title: Re: My Equation for the price of bitcoins. Please Give me your thoughts Post by: marty.lee on January 08, 2012, 11:06:44 PM It's funny because now
(b*r)/((c*(b/m*(a/e)))-d) says around $4, but it skyrocketed heh Title: Re: My Equation for the price of bitcoins. Please Give me your thoughts Post by: grue on January 08, 2012, 11:17:03 PM how is this equation derived?
Title: Re: My Equation for the price of bitcoins. Please Give me your thoughts Post by: Tuxavant on January 08, 2012, 11:19:24 PM This is great and all, but it has no variables for the human factors like optimism, fear, greed, risk, and personal financial conditions (to name a few).
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