Quote from: crofly on September 08, 2017, 07:53:56 PM

Quote from: jimboscott on September 08, 2017, 07:48:39 PM

Quote from: crofly on September 08, 2017, 07:35:57 PM

Quote from: jimboscott on September 08, 2017, 07:33:36 PM

Quote from: I777 on September 08, 2017, 07:11:01 PM

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$ Huh

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.

that is if the total amount is 50btc yeah.

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?

My response was to the guy who was getting his equation, simple as it is, so turned around that he was thinking it was over 300 USD per TZC coin.

Fact is this, neither you nor I nor anyone else knows WHAT the final results of the auction are. I was using the GIVENS that the OP was using for MY corrective post to the deeply flawed math.

But, you are still not making much more sense that the first guy.

If you pay ONE BTC, Teh number of TZC coins you end up with does NOT change what you PAID. How can you state that 'so the price you paid in the auction changes also'? It does not. The only thing that would change would be the potentially LOWERING of the overall value of the TZC coins. The more coins you get for your BTC, the lower the cost per coin is. NO?

Let's say you put up 1 BTC and nobody else does. I assume that means you are awarded the full 68 million TZC? I have not read the fine print so I do not actually know the answer to that. But, if that were so, then as a result of having received 68 million TZC for 4300.00 USD, the price paid for each TZC goes from 1/3 of a cent each to - .00006 CENTS per coin.

Again, that is just a tad short of the 300 dollars the other guy figured per TZC coin.