Create a probability formula relating to blockchain Proof-of-Work systems

$250-750 USD

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over 5 years ago

$250-750 USD

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Create a probability formula relating to blockchain Proof-of-Work systems: Given: 1. a hash of N bits, 2. a 'difficulty' of L leading zero bits, 3. a matching hash (generic solution S) is found on average in M minutes. (by varying a part of the input data, nonce) Someone selects one predetermined hash fitting the above requirements and searches only for this hash (thus all bits known in advance). What is the probability P that one can find that specific hash before anyone finds a generic solution? I need this formula for calculating P as a Latex math (source) formula with some basic why / how clarification.

Algorithm

LaTeX

Mathematics

Matlab and Mathematica

Statistics

Project ID: 17776359

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4 freelancers are bidding on average $501 USD for this job

@dinhfreedom

Hello, there, I am very happy to put my bid on your project. I am an expert of algorithm and senior software developer, so I am interested in and confident to do this project. I hope to discuss everything of the project in detail with you and work on this project with you. Regards.

$500 USD in 10 days

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@NoelReubenMuturi

Hello, I am Noel, a proficient statistician. I am proficient in statistical analysis and statistical software such as Excel, SPSS, and R Statistics. I am qualified to take up the project and would love to speak with you further about taking this project on. If you'd like to view my previous work, take a look at my Portfolio.

$700 USD in 10 days