Bitcoin Calculator - Convert Bitcoin into any World Currency
10-03 23:35 - 'How do I calculate the entry position for BNB/BTC deal?' (self.Bitcoin) by /u/dev_lurve removed from /r/Bitcoin within 27-37min
''' I know that this questions might not directly relate to Bitcoin, but I am just looking for reddits where I can get help wrt to such questions. Hi guys,
I trade on Binance.
My account currency is BUDS (just want to have the USD-pegged stablecoin as the account currency). I assume that it's always pegged to $1...
My account amount is $1000.
I want to sell BNB/BTC because I believe that the chart is going to go down.
My SL is at 0.0026700, and my entry is at 0.0026340. I want to enter on the spot market. Thus, the SL BTC-wise is 0.0000360.
I want to have the 1% risk exposure to my account (i.e. the exposure for -$10).
(and just fyi I plan to exit at TP = SLx2; and just fyi, I use the mental SL and TP)
How to I calc the actual amount for my order. As far as I understand, I need to first convert the BTC-wise SL distance from BTC to USD, right? I.e. 0.0000360 BTC x 10500 $ = 0.4$. So, I got this part, but I am not getting what my next steps should be.
06-20 23:53 - 'Calculating your own personal valuation of the final Bitcoin price is straightforward' () by /u/SuckingOffaBitcoin removed from /r/Bitcoin within 2287-2297min
''' Combine all total global fiat currency in circulation ($80 trillion USD), plus value of total global gold reserve ($7 trillion USD) = $87 trillion. Put in your own personal (sensible) assumption of how much Bitcoin will replace fiat and gold, say 25%. Then Bitcoin should have 25% of $87 trillion = $22 trillion USD $22 trillion USD divided by 16 million Bitcoin (as 2 million Bitcoin has already been lost) That's $1.375 million per Bitcoin, simples! Each year, the value of Bitcoin will change by (i) amount the global economy expand or extract by in GDP terms, and (ii) the number of Bitcoin that becomes lost each year Processing img 55e6xcgi9a531... ''' Calculating your own personal valuation of the final Bitcoin price is straightforward Go1dfish undelete link unreddit undelete link Author: SuckingOffaBitcoin
06-17 10:23 - 'I've seen a handful of close friends that have taken calculated risks and won big! There are no guaruntees about anything in life, but I've been [link] to find something that fits my rquirements... I'm looking at companie...' by /u/BALDWINSANDRA removed from /r/Bitcoin within 33-43min
''' I've seen a handful of close friends that have taken calculated risks and won big! There are no guaruntees about anything in life, but I've been [link]2 to find something that fits my rquirements... I'm looking at companies that are new, in a unique market, offering unique service or product and appear to have opportunity. This Cancer Fighting [Biotech]1 Company checks a lot of my boxes. What do you guys think, should I adjust my requirements or look somewhere else? TIA! ''' Context Link Go1dfish undelete link unreddit undelete link Author: BALDWINSANDRA 1: f**anci*li**estm*nts.new*/nr*5c 2: tryB2:B9ing Unknown links are censored to prevent spreading illicit content.
03-09 20:23 - 'Another reason why whitepaper pursim is a ridiculous cult. [Here] in 2010 Satoshi did a stealth edit to calculate cumulative POW. Longest chain as a metric will cause huge problems with SPV as SPV clients would have no problem...' by /u/jakesonwu removed from /r/Bitcoin within 0-4min
''' Another reason why whitepaper pursim is a ridiculous cult. [Here]1 in 2010 Satoshi did a stealth edit to calculate cumulative POW. Longest chain as a metric will cause huge problems with SPV as SPV clients would have no problem accepting longest invalid chain. ''' Context Link Go1dfish undelete link unreddit undelete link Author: jakesonwu 1: gith*b.*o**bitc*in*b*t*oin/commit/40c*0369*1*3*3f8d7385*50e20342e998c994*1*di**-*23***d6*a1a4522**ee*71*96*47b31*4*0 Unknown links are censored to prevent spreading illicit content.
01-12 17:23 - 'The intrinsic or real value of Bitcoin is $7329.35. This number is calculated using Austrian Economics which takes into account the supply of money, the amount of money supply lost, as well as the veloc...' (mycoinrisk.com) by /u/TrueCryptoFan removed from /r/Bitcoin within 279-289min
05-14 21:23 - 'by the way, got confirmed few hours ago, one trx 20 sat per byte, I was waiting for it for hours, after some calculation figured out it wont confirm for half a day at least, so I sended out the same amount with 40 sat per byte h...' by /u/Narod28 removed from /r/Bitcoin within 4-14min
''' by the way, got confirmed few hours ago, one trx 20 sat per byte, I was waiting for it for hours, after some calculation figured out it wont confirm for half a day at least, so I sended out the same amount with 40 sat per byte hoping that it would be confirmed in next block (according to some calculation trx websites). Funny thing, they both got confirmed in the next block :) And now as i'm writing this post, it's just 1-2k unconfirmed trx in mempool, when it was 20k when we starting this conversation... This instability is what drives future me away from bitcoin... yeah it's thing we pray for, it's future, it's blockchain technology BLA-BLA-BLA... but damn, I can see a future for a coin like IOTA, Nano, heck even Ripple... but Bitcoin? Nah... And who's ever going to start talking about Lighting is the way we gonna get out lambos... nope. Why the heck wait till 99% of the network support lighting and decide to implement support of it, when you can switch over to a serious coin that supports all the means of being something like VISA in the future, for the whole world to use? ''' Context Link Go1dfish undelete link unreddit undelete link Author: Narod28
02-02 01:23 - 'How do you calculate the exact altcoin/usd rate when you buy/sell altcoins with bitcoin? I know the rate in BTC I bought and sold at but not the exact btc/usd exchange rate for the time of the transaction. That makes it hard to ac...' by /u/tsylvg removed from /r/Bitcoin within 0-5min
''' How do you calculate the exact altcoin/usd rate when you buy/sell altcoins with bitcoin? I know the rate in BTC I bought and sold at but not the exact btc/usd exchange rate for the time of the transaction. That makes it hard to accurately report the USD cost/loss/profit. Exchanges don’t give rates for exact times which is needed since there is so much price volatility from minute to minute. ''' Context Link Go1dfish undelete link unreddit undelete link Author: tsylvg
02-01 11:23 - 'Depends, I'd calculate the correction per capita of "unique" bitcoin owners. Which is probably impossible. I mean, you could use other metrics like number of subs in this subreddit but it's still a very crude approx' by /u/HwanZike removed from /r/Bitcoin within 0-7min
12-17 23:12 - 'Sorry, but the I used the CORE WALLET for a huge transaction last weekend and selected the HIGHEST, FASTEST automatically calculated fee. Got stuck in the mempool from Saturday midday until Monday morning. Lost sleep two nigh...' by /u/wtfkenneth removed from /r/Bitcoin within 5-15min
''' Sorry, but the I used the CORE WALLET for a huge transaction last weekend and selected the HIGHEST, FASTEST automatically calculated fee. Got stuck in the mempool from Saturday midday until Monday morning. Lost sleep two nights because the transaction didn't even SHOW UP anywhere. I'm sick of BTC dysfunction. ''' Context Link Go1dfish undelete link unreddit undelete link Author: wtfkenneth
12-23 02:32 - '#FireLotto #Flot Great new: Was posted the smartcontract of the token #FLOT , smartcontract of the Fire Lottery. It is important because it is the calculation of RNG which shown as how the win is formed.https:...' (i.redd.it) by /u/Deterok019 removed from /r/Bitcoin within 207-217min
03-10 23:57 - 'Because Bitcoin's difficulty re-calculation is about every 2016 blocks, the chain with the lower hash rate will die off almost immediately. Miners on this smaller chain will be bleeding money by having to do more work for les...' by /u/s_nakamoo removed from /r/Bitcoin within 10-15min
''' Because Bitcoin's difficulty re-calculation is about every 2016 blocks, the chain with the lower hash rate will die off almost immediately. Miners on this smaller chain will be bleeding money by having to do more work for less pay. Most mining pools will go out of business very quickly. There are more articulate and tech savvy people than me that can explain this better than me, I recommend you visit BTC and post this question if you are looking for a more detailed answer. ''' Context Link Go1dfish undelete link unreddit undelete link Author: s_nakamoo
I have written this guide to dispel a common misconception I hear from this community - that putting more than one Graphics Card in your Bitcoin Farm is a great idea. TLDR: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours. This information is misstated on the wiki and in many videos I've seen. More Complicated Maths TLDR from u/Mekhazzio : TLDR: The bitcoin farm has a base production rate that's much higher than the rate added by each additional graphics cards. So when investing, you shouldn't be looking at how fast the whole farm pays itself off, but how much time it takes your N>1 graphics cards to each pay for themselves, because otherwise you could have just been pocketing the pure profit from the base production rate the whole time. At current therapist/flea-FiR values:
Baseline Rubles/Hr 7732.45
per-GPU Rubles/Hr 473.42
GPU days to payoff 22
That is to say, adding a GPU to an already-running farm takes three weeks before you've stopped losing money on that GPU. A pretty simple formula is utilized to determine Bitcoin Farming output. The payback period for your first graphics card is around 3 days. For each additional graphics card that you put in the payback period is over 20 days. The reason that this has confused so many people is that they credit the production from Graphics Card 1 to the payback period for the rest of the Graphics Cards. Caveat 1: Escape from Tarkov is a video game and, at least for us players, not a business. Many video game players are completionists, and I will not begrudge anyone who wants to max out every single part of their hideout because it will feel like an achievement. This guide discusses the impact of bitcoin farming on your PMC's wallet. If you find utility in maxing out the bitcoin farm for the feeling of completion then you should do it and probably just close this guide and not worry about it. Caveat 2: This guide will not address people who hatchet run or pistol run to put graphics cards in their secure container that will usually end up being non-FIR. There are too many variables (spawn rate, survival rate, replacement value of just doing normal Tarkov raids instead of hatchet runs) to do a decent analysis. If you end up with non-FIR graphics cards you should put them in your Bitcoin Farm. Analysis: The formula for bitcoin generation is as follows:
Let's simplify some unnecessary constants and make this look more like a normal mathematical function. All we have to do is multiply (1/49) * (0.15) to get this, which is equivalent and much easier to understand:
Building the empty bitcoin generator: ~300k roubles
Graphics Card Cost: ~250k roubles
Bitcoin sale price to Therapist: ~150k roubles
Caveat 3: Prices may change, blah blah blah, unless the IRL bitcoin market crashes the conclusions from this guide will still be accurate for the most part. I will also note that I'm not going to include the cost for fuel needed for production. Because you can craft expeditionary fuel into mag boxes, as well as do other crafts on your workbench and med station while you have the power on, this cost is negligible. Furthermore, since my thesis is that putting more graphics cards in is not worth it, the fact is that I can prove this mathematically without even accounting for the entire cost category of fuel only strengthens my argument. Using these assumed prices, let's take a look at some different cases. Case 1: Building a Bitcoin Generator and putting a single graphics card in. To calculate cost, we add the cost of building the empty generator (300k) to the single graphics card (250k) to get 550k rouble investment. Lets calculate revenue using our formula before:BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (1 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (0)BTC Generated per Hour = 0.05 So we're generating 5% of a bitcoin every hour which means we'll get a bitcoin from our farm every 20 hours. So, every 20 hours we are generating a product worth ~150k. Since we invested ~550k we need to sell: 550k investment / 150k roubles per bitcoin = 3.66 physical bitcoins in order to recoup our investment Since we can't harvest bitcoins until they are full, we actually need to wait until we get 4 bitcoins at which point we'll be making a slight profit. Generating 4 bitcoins will take 4 bitcoins * 20 hours per bitcoin = 80 hours or a little more than 3 days. Case 2: Adding a second graphics card to our bitcoin farm. Now, as discussed above I'm not worried about non-FIR graphics cards that you hatchet ran to find. If you have an FIR graphics card then you can sell it on the flea market for the 250k price that I'm using as an assumption above. This concept is called opportunity cost and if you don't understand it I will troll you in the comments: Putting an FIR graphics card into your bitcoin farm is the same as purchasing one off of the flea market and putting it in your bitcoin farm because you had the opportunity to just sell your FIR graphics card for the same price that you can buy it. With that out of the way, let's do some math on our 2 graphics card bitcoin farm: BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (2 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * 1BTC Generated per Hour = 0.053 So, for the cost of 250k roubles we have increased our bitcoin per hour generation by 0.003. The first graphics card that we added to our bitcoin farm generates us one bitcoin every 20 hours, as discussed above. The second graphics card that we added to our bitcoin farm generates 0.003 bitcoins per hour. To calculate how many hours this takes to get 1 bitcoin we do the math of 1 / 0.003 = 333.33 hours. 333.33 hours / 24 hours per day is 13.88 or roughly 14 days. In order to recoup our investment from the 250k roubles we used to get our second graphics card we divide 250k roubles invested by 150k roubles per bitcoin = 1.66 bitcoins. We generate one bitcoin every 14 days, so we can multiply 14 days * 1.66 bitcoins = 23 days. This math will hold true for every additional graphics card because the function is linear. Thus, the payback period for your 250k investment in adding a graphics card past the first one to your bitcoin farm is 23 days. To reiterate: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours.
TIFU by listening to my parents advice in 2012 and then making the same mistake every year since.
First off i wanna say they couldn’t have known because well i never even knew. To set the stage it was June 25th of 2012 and i was 15 and it was my birthday i accumulated some $300 from my family. Now as a kinda edgy kinda tech interested futurist mindset i had been reading a lot of conspiracies about the government collapsing. I learned of Bitcoin and for those of you who know about it well you know exactly where this story is going to go. It’s not like i was some genius who knew something others didn’t i really just had a feeling so for whatever random kid reason i really wanted to invest in bitcoin. My parents and grandparents thought this was the dumbest thing ever, they didn’t want me to get scammed and my parents really wanted me to buy a laptop to teach me the value of things. Bitcoin became a big dinner conversation the last week of June, my parents and grandparents both were hearing talk of “government collapse” from me and that “we’ll need bitcoin in case of government collapse” and that it was “slowly raising in value anyway, so what did i have to lose.” Well my parents made sure i got the laptop and not the “magical scam coins” they were so sure it was, my dad made a joke of it and i made an i told you so of it for days after, my dad and grandfather would say stuff like “how much is that bitcoin now” and laugh as i pull out my ipod touch and use the calculator until i think maybe a month or so in it stopped being funny to them because well... by July my $300 investment would have been $400 by August it was over $500 Yea you bet my lame “I told you so” 15 year old self kept up with this in almost horror that i could have been so right but was so wrong. It’s become a long time joke/regret i and my dad bring up, i pull out the calculator now and say “hey dad that $300 would be $520,000 give or take for inflation” Many of us wish we had bought bitcoin but i would have and almost did when i was 15. I’m 23 now and I still have never bought bitcoin so i have been waking up every day since 2012 having had a TIFU moment TLDR: I wanted to buy bitcoin in 2012 and my parents made me get a laptop instead like a responsible and reasonable child but i would certainly have like half a million dollars by now if i had just bought it but for some reason i still have never bought it.
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