Bitcoin Forum
May 14, 2024, 02:11:45 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Probability graph for next block  (Read 577 times)
CashBitango (OP)
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
January 18, 2013, 03:44:04 AM
 #1

Referring to this thread: https://bitcointalk.org/index.php?topic=135604.0

It would be cool if someone could put together a graph that shows the following:
The historical probability that a block is found after x amount of time. So for example when it's been 1 hour since last block, this might be a 5% chance event, and it happens on average multiple times per day. A 2 hour delay between blocks is perhaps a 1% chance, and it happens on average once per day. A 3 hour delay is perhaps 0.1%, and happens on average every 10 days etc.

My numbers are from the air, but you can see the picture.

I think it would be cool to have such a graph, and to be able to understand the probabilities we deal with.
1715652705
Hero Member
*
Offline Offline

Posts: 1715652705

View Profile Personal Message (Offline)

Ignore
1715652705
Reply with quote  #2

1715652705
Report to moderator
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715652705
Hero Member
*
Offline Offline

Posts: 1715652705

View Profile Personal Message (Offline)

Ignore
1715652705
Reply with quote  #2

1715652705
Report to moderator
1715652705
Hero Member
*
Offline Offline

Posts: 1715652705

View Profile Personal Message (Offline)

Ignore
1715652705
Reply with quote  #2

1715652705
Report to moderator
b!z
Legendary
*
Offline Offline

Activity: 1582
Merit: 1010



View Profile
January 18, 2013, 07:20:14 AM
 #2

I think they have that type of graph on blockchain.info, not sure if it's what you're looking for though
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2058
Merit: 1007


Poor impulse control.


View Profile WWW
January 18, 2013, 07:29:09 AM
 #3

This might be the thread you're looking for: https://bitcointalk.org/index.php?topic=135982.0

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
mjc
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


Available on Kindle


View Profile WWW
January 18, 2013, 03:06:24 PM
 #4

It would have to include the dimensions of current network hash rate and difficulty.  If the dificulty is set as a result of an average hash rate of 28 TH/s and the hash rate drops to an average of 18 TH/s the block is very likely to take longer than expected.  However if the reverse was true, the difficulty was based on 28 TH/s and the hash rate was suddenly 70 TH/s blocks would be solved quicker.

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Kindle : Bitcoin Mining Step by Step : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Facebook :  https://www.facebook.com/BitcoinStepByStep     Twitter : @BitcoinSbS
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!