ChekaZ- You wrote at the First Page:
"You send 1 BTC to the given Adress on Day 3 of the auction and the auction ends with a Total Amount of 50 BTC, you
will get [(1 BTC * 1.1)/TotalAmount]*68 Million. Which equals 1.7M Coins"
So^ : You ask for 1.700.000 Coins - 1BTC(~$4400)??
1.700.000 / $4400 = $386
1 coin=386$
"You send 1 BTC to the given Adress on Day 3 of the auction and the auction ends with a Total Amount of 50 BTC, you
will get [(1 BTC * 1.1)/TotalAmount]*68 Million. Which equals 1.7M Coins"
So^ : You ask for 1.700.000 Coins - 1BTC(~$4400)??
1.700.000 / $4400 = $386
1 coin=386$
Not the way you do the math.
4400/1,700,000 is the way you do it. .0028 is the answer. Less than 1/3 of a penny. NOT 38,600 pennies.
No.
50 BTC will generate 68 MILLION TZC. So, let's do the math again.
50 BTC is worth 50x4300=215,000.00 USD
215,000 (USD) divided by the number of auctioned TZC coins (68 million) works like this...
215,000/68,000,000 = .0032
That is, as I stated earlier, less than 1/3 of a cent per TZC coin.
Why is this math giving people problems? We're not even getting into algebra here. This is just multiplication and division.
Mr genius...read the first page.
You get about 1.7milion tzc for 1btc if the total amount is 50btc.
So if the total amount is less, you get more coins so the price you paid in the auction changes also.
What is your problem with reading?