Post
Topic
Board Bitcoin Discussion
Re: [Quiz] Answer the Bitcoin question and earn merits! #2
by
STINKYBEE
on 02/05/2024, 03:10:37 UTC

Short introduction for anyone who missed the first quiz:
I decided to start these forum quiz-series, where I'll be asking questions of educational character, to improve the average user's knowledge around Bitcoin. The questions will mostly be technical and historical. To create an incentive, I will generously merit the first person who replies with the correct answer. If that is not good enough incentive, I'll create a leaderboard!

  • Your answer needs to be explanatory. Not just a yes-no or a single number.
  • If nobody finds the answer until the cut-off date, I will submit it.
  • Have fun! It's a game.  Smiley

The first question was a tribute to the whitepaper. Now let's see how good we are at math.



Question: What is the chance of having exactly three blocks mined within the next 10 minutes? You can assume that a new block is mined every 10 minutes on average.

Cut-off date: 27/03/2024.
Giving answer on my own knowledge basis to calculate the probability of 3 blocks being mined within the next 10 minutes, we can using the poisson formul by


https://i.ibb.co/vV1QFZg/IMG20240502084428.jpg