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Showing 8 of 8 results by youfunnypeople
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
I showed my straightforward math. If you think that for this puzzle he has 100K GPUs or all other people on this planet have only 200GPUs combined - it's up to you, I don't argue with people who cannot count.
You cant do this math because you don't have any of the data.
You don't know how many GPUs we had running.
You dont know how many GPUs are there globally.
The only thing you can do is take an educated guess. That's what we did and we acted accordingly.
The goal was to inform the community about the calculation of our odds. If you dont believe it that's super fine, I dont think anyone cares.
I really don't get the hate.
Very easy to check, no need to make it complex.
You said #69 for you would take maximum 4 months which means you have not more than 4000 GPUs 4090, it's simple math. Giving <1% for competitors means that they only have 40 such GPUs combined
Or 80 GPUs if they all have twice less speed than you. It can surprise you, but there are many people who are in this game and they have some resources. They don't write on this forum, they just grind.
Seems like your statement was an attempt to stop some competitors, but it did not work out.
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
I showed my straightforward math. If you think that for this puzzle he has 100K GPUs or all other people on this planet have only 200GPUs combined - it's up to you, I don't argue with people who cannot count.
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
The problem is you criticize a prediction model without having the parameters, so of course you'll get to the wrong conclusions.
The fact is it's you who made wrong conclusions
I did not, we went for a risk / reward play based on the info we had. I don’t think it’s that hard to understand.
You know, if he actually hit it while competing with you it would make sense. This is unnecessary comments. While it's one thing to have our 2 favourite thread fillers arguing each other for... so many pages they both were doing their thing. But these are unnecessary comments. They don't seem to do anything but try to get a rise out of the receiver. Regardless of the outcome, chances are chances and sometimes the smallest chance is enough. Move on... Like Bram is trying to do. He still came out on top... by miles.
My point is simple: ignore people who state in public that they have calculated by using "smart" math that the prize is theirs and all other people have almost zero chances.
And this is not unnecessary comment.
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
The problem is you criticize a prediction model without having the parameters, so of course you'll get to the wrong conclusions.
The fact is it's you who made wrong conclusions
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
Kowala
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
Not a profitable investment, for a chance of less than 1%
Everyone has their own risk/reward ratio.
What matters is that people know all the facts.
So your competitors won, though you gave them <1% generously
Perfect calculations!!!
Calculations were good. It’s just statistics. Sometimes that 1% wins, and that’s ok.
You seem happy to be able to gloat, not sure why. But sure thing, enjoy 😉
No, your original claim about 1% for competitors was totally incorrect.
Assume you have 10000 GPUs at most. For brute force with randomly chosen subranges, to get 99% of success for you, all other people on Earth who try to solve #69 must have only 100GPUs in total, which is ridiculous. Even if all of them have twice slower software than yours, it's 200GPUs in total. Again: all competitors who try to solve #69 must have only 200GPUs in total. It seems like you think that you are the only one who has more than 1GPU. So when you use wrong calculations, be ready for "1% wins".
Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
Kowala
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
@Kowala24731
** Announcement **
The Kowala team will start working on BTC69 April 10th. Funding round 1 is ongoing, restricted to BTC67 and BTC68 participants. If there is room for extra capital (i.e the cap of 400k USD is not reached by April 10th) we will open funding to external parties.
Expected time to resolution : 2 to 4 months.
We are letting the world know so that people considering taking part in this brute force competition can decide to participate or not knowing all the facts. We estimate competition’s odds of success to be sub 1%.
Not a profitable investment, for a chance of less than 1%
Everyone has their own risk/reward ratio.
What matters is that people know all the facts.
So your competitors won, though you gave them <1% generously
Perfect calculations!!!