Author Topic: I have a really embarrassing question (it's simple math, right?)  (Read 512 times)

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Offline kenCode

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Ok, I aced Advanced math in school, but suck royally at simple math. I know I know, doesn't make sense.
 
Question:
At today's average market rate, how many ounces of bitSilver would I have to buy to earn 1.0 bitSilver per day in Yield?
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Offline Xeldal

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Re: I have a really embarrassing question (it's simple math, right?)
« Reply #1 on: March 22, 2015, 04:59:39 pm »
#oz * Int = Yield

x * .0183 = 365 oz yield

365 / 0.0183 = ~19,945 #oz

19,945 oz 

This uses 1.83% which is the current rate, I don't know the average rate.
This ignores compounding interest, if your looking for an average of 1 bSilver a day over a years time it would be different.

Offline kenCode

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Re: I have a really embarrassing question (it's simple math, right?)
« Reply #2 on: March 22, 2015, 05:17:00 pm »
favdesu: I suck at posting :( pls re-edit this post
« Last Edit: March 22, 2015, 05:58:15 pm by favdesu »
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Offline fav

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Re: I have a really embarrassing question (it's simple math, right?)
« Reply #3 on: March 22, 2015, 05:59:19 pm »


sorry, misclicked the modify for quote button :<


what I was about to answer is that you won't buy 20000 oz with $1000 in bitshares to make 1 oz / day :)
► How-to Buy BitShares: https://goo.gl/i9j2YZ

Offline kenCode

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Re: I have a really embarrassing question (it's simple math, right?)
« Reply #4 on: March 22, 2015, 06:12:29 pm »
argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.
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Offline Riverhead

Re: I have a really embarrassing question (it's simple math, right?)
« Reply #5 on: March 22, 2015, 06:26:27 pm »
argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.

A simple Python script with the rpc modules could handle that. That's basically what a market maker bot does.

Offline kenCode

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Re: I have a really embarrassing question (it's simple math, right?)
« Reply #6 on: March 22, 2015, 06:53:09 pm »
argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.
A simple Python script with the rpc modules could handle that. That's basically what a market maker bot does.
That's a feature I would really like to see in the bts client and wallets.
So, as I get Yield, that yield could automatically get transferred into a specific bts or bitasset account, reinvested automatically.
If someone could add that feature to the proper Delegates todo list or github that'd be great.
Thanx! :)
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