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Author Topic: Lets Gamble and find a BTC block (Group buy)  (Read 336 times)
Eternad
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August 05, 2020, 08:32:57 AM
 #21

How can I determine how long will my investment will last.  Do you have sample calculations about cost per day and also the total funds you will used on the whole hunt. This worth a risk compared on typical gambling game like dice and Slots. I'm willing to invest more than minimum amount if you can explain me well the funds expenses daily. Hoping for your reply @will.

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xxjumperxx
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August 05, 2020, 11:23:43 AM
 #22

I participated in one of the runs and at the time it lasted about 24 hours. It all depends on the cost and what power is used.
It was fun and intense hoping for a block because the reward would have been nice indeeed!
traderethereum
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August 05, 2020, 04:54:14 PM
 #23

How can I determine how long will my investment will last.  Do you have sample calculations about cost per day and also the total funds you will used on the whole hunt. This worth a risk compared on typical gambling game like dice and Slots. I'm willing to invest more than minimum amount if you can explain me well the funds expenses daily. Hoping for your reply @will.
You can find it on the nicehash website, and click the calculator links to know the expenses per day.
If you don't have a bigger hashrate, the reward will not be too big, and the chance to find a block will be a little chance because we are competing with the other people who have bigger hashrate.
So, as other people say, it is a big risk of gambling, which you need to calculate your return. But I guess it will be difficult to calculate it since we don't know how the mining process will run and when we can get it.

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August 06, 2020, 07:52:02 AM
 #24

I'd be down to make another one of these Smiley

I'll put 0.01 in

willi9974 (OP)
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August 06, 2020, 01:40:10 PM
 #25

sorry, the last bitcoin lottory run is over and we have not organice a new one...

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