Re: Probability of Next Block Within 10 Minutes

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Re: Probability of Next Block Within 10 Minutes

by

Foxpup

on 27/12/2014, 10:06:06 UTC

It's a Poisson process, with a mean of 10 minutes. So...

Quote from: Bitcoin++ on December 27, 2014, 09:40:41 AM

What is the probability that the next block will be found within 10 minutes from now?

63.212%

Quote from: Bitcoin++ on December 27, 2014, 09:40:41 AM

Or within 1 minute?

9.516%

Quote from: Bitcoin++ on December 27, 2014, 09:40:41 AM

Or 10 seconds?

1.653%

Quote from: Bitcoin++ on December 27, 2014, 09:40:41 AM

Or 1 second?

0.167%