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1  Bitcoin / Development & Technical Discussion / Probability & time on: November 01, 2017, 01:07:58 PM
...The more times you try, the more likely it becomes to roll a 6.
Dice have no memory. The chance to roll a 6 is the same at every throw. So it is NOT more likely to throw a 6 the more times you try.

Guys, I've asked about probability and time previously: 1, 2 and got the answer that "Dice have no memory."

Okay, but I still could not understand what does it mean on practice. And to illustrate my frustration here is the animated image (actually it is html+css).

So, I could search forever for my 1 exact 9-prefixed address?
2  Bitcoin / Development & Technical Discussion / Re: Is there difference between continuous working and start-kill-start behavior? on: October 16, 2017, 07:44:02 PM
There is no difference. There's also no "maximum" of 60 days, there's only the probability (say 50% chance to find it in 60 days).
...
By making a list with prefixes you may find more cool addresses in the same amount of time.
Thank you for your answer, but I still have questions:
1) Why there is no difference? If you start every hour from some random seed, there is probability that you could start from the same wrong seed which you already checked earlier.
2) Why there is no "maximum"? What is "difficulty" mean then? I thought that "difficulty" is all possibly variants, and if I check every one of them I would find my prefix with 100% probability. And difference is only how soon I would find it - with very bad luck my prefix could be just last.
So, my statement is:
Maximum Time for prefix finding (with guaranteed result) = Difficulty / Speed
For example, with speed 1000000 keys/second I'll find prefix with 264104224 difficulty with 100% probability for maximum of 264104224/1000000=264 seconds
3) Thank you for wise advice, but I only need 1 exact prefix :(
3  Bitcoin / Legal / Thesis about Putin on: October 16, 2017, 07:08:37 PM
This is confusing, i read an article like yesterday states that Putin criticize bitcoin and other cryptocurrencies and now here is the article stating that Putin is open on cryptocurrencies, I do not know what is the real news now. Anyway, if this turns out to be true then Russia knows that they can builda big mining facility specially with their low electricity rate. Regulation is indeed what Government at least can do with cryptocurrency to monitor the possible illegal activities and also SCAM Icos.
1) Yes, Putin criticized cryptocurrencies. He said that cryptocurrencies now mainly used for illegal activities.
2) I am sure that Putin wants to create something useful based on blockchain.
3) Government needs no mining facility. They simply will create needed amount of cryptocurrency :)
4  Bitcoin / Development & Technical Discussion / Is there difference between continuous working and start-kill-start behavior? on: October 15, 2017, 07:04:39 PM
Hi all!

I am trying to find rather long prefix (more than 8 symbols). I calculated estimated time as about 2 month with 8x1080.

But there is problem: oclvanitygen hangs after some working time (on Linux or Windows host). I had to write script which kills hanged process and restarts it.

So, there is no continuous running of oclvanytigen, and I am not sure that now I will find my prefix during expected 2 month.

Could someone tell me if there is mathematic difference between next two actions:
1) I run continuously without stopping oclvanitygen until it find my prefix (max 60 days, if I totally unlucky)
2) I run oclvanitygen for 1 hour, then kill process and start again - in cycle same 60 days.


Thank you!
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