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 Author Topic: My Equation for the price of bitcoins. Please Give me your thoughts  (Read 815 times)
marty.lee
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 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

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marty.lee
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 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

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grue
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 January 08, 2012, 11:17:03 PM

how is this equation derived?

It is pitch black. You are likely to be eaten by a grue.

Tuxavant
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Bitcoin Mayor of Las Vegas

 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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