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austinsimonson (OP)
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November 18, 2013, 05:25:02 PM
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I'm doing my IB math SL internal assessment on bitcoins. We have to incorporate a lot of math into a 6-12 page essay on our topic. What could I talk about for bitcoins that relates to calculus/probability/statistics?
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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November 18, 2013, 07:33:48 PM
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Quote from: austinsimonson on November 18, 2013, 05:25:02 PM
I'm doing my IB math SL internal assessment on bitcoins. We have to incorporate a lot of math into a 6-12 page essay on our topic. What could I talk about for bitcoins that relates to calculus/probability/statistics?

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November 19, 2013, 12:38:34 AM
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Price wrt time?  dx/dt

Spread of bitcoins as a differential equation?  f'(x)=e^x
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November 19, 2013, 12:44:22 AM
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Adoption s curve as an exponential function (logistic function)

f(x) = 1/ (1+e^-x)

or f'(x) = f(x)(1 - f(x))

Difficulty as an exponential function... asymptotes towards infinity.  Could integrate as in improper integral.
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