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Double a penny 30 days

Discussion in 'BlackHat Lounge' started by consciousnesscreates, Oct 6, 2010.

  1. consciousnesscreates

    consciousnesscreates Power Member

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    Double a penny for 30 days and what do you get?

    A million dollars


    Any ideas how to double a penny for 30 days?


    :eek::eek::eek:
     
  2. jmason616

    jmason616 Regular Member

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    Well today, ask someone for 2 pennies, tomorrow, ask someone for 4...etc...
     
  3. fbpages

    fbpages BANNED BANNED

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    thats not true... if you double a penny for 30 days you get 60 cents

    if you start with 1 penny and double the money for 30 days then you get way over 1 million
     
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  4. consciousnesscreates

    consciousnesscreates Power Member

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    Sorry I meant a dollar

    I have never been good at maths

    I'm the musical game making creative type
     
  5. wowhaxor

    wowhaxor Executive VIP Premium Member

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    I think you get like $5+ million
     
  6. fbpages

    fbpages BANNED BANNED

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    if you double 1 dollar every day for 30 days you still only get 60 dollars lol

    but if you meant you start with 1 dollar and double the money for 30 days thats another story and no you end up with way more than 10 million if you start with 1 dollar
     
  7. Paper-Boy

    Paper-Boy Elite Member

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    lol, that confused me for real.
     
  8. Wings[SENSE]

    Wings[SENSE] Regular Member

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    If you start with 1 dollar and double the money for 30 days you get $536 millions at the end haha
     
  9. tacopalypse

    tacopalypse Executive VIP Jr. VIP Premium Member

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    just find a payment processor that allows for exponentially increasing rebills.

    soooo many people would fall for it. :)
     
  10. consciousnesscreates

    consciousnesscreates Power Member

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    Whatever I said its a lot of cash so lets get thinking and posting how to do it each day!
     
  11. consciousnesscreates

    consciousnesscreates Power Member

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    ITs like Who wants to be a Milionaire

    Your not scared to double small money but when it becomes big you chicken out
     
  12. ajcomputerdoc

    ajcomputerdoc Newbie

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    something maybe more doable..save the amount of the day of the year:

    day 1 - .01
    day 2 - .02
    day 3 - .03
    .
    .
    day 31 - .31
    .
    .
    .
    day 365 - 3.65

    i think you end up with 600.00
     
  13. consciousnesscreates

    consciousnesscreates Power Member

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    LOL

    :d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d:d
     
  14. Chronos

    Chronos Junior Member

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    Ummm... Ugh.... I think it's a little bit more than that. Heres all the calculations posted from Excel. Assuming a 31 day month. I think the OP meant doubling the current amount, starting out with only doubling a penny.


    0.01
    0.02
    0.04
    0.08
    0.16
    0.32
    0.64
    1.28
    2.56
    5.12
    10.24
    20.48
    40.96
    81.92
    163.84
    327.68
    655.36
    1,310.72
    2,621.44
    5,242.88
    10,485.76
    20,971.52
    41,943.04
    83,886.08
    167,772.16
    335,544.32
    671,088.64
    1,342,177.28
    2,684,354.56
    5,368,709.12
    10,737,418.24
     
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    Last edited: Oct 7, 2010
  15. Jest3r

    Jest3r Newbie

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    Wow... really guys? You couldn't figure that one out? Have none of you finished high school?
     
  16. Venture

    Venture Regular Member

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    another MATH FAIL thread on BHW lolololol.

    i seriously have been LOLing these past few days at how many idiots post here.
     
  17. Blare

    Blare Regular Member

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    Half the people on this forum are on some island, No teachers, No Schools.
     
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  18. LeBJon

    LeBJon BANNED BANNED

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    a better question would be:

    would u rather have:

    1) $100,000 Today...

    2) $1 Today... but have it double everyday for 20 years...

    same idea like when u win the lotto they ask u do u want ur prize cash but taxed 33% right now... (California Law) or do u want the full amount but over 30 years..
     
  19. Chronos

    Chronos Junior Member

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    1$ everyday doubled for 20 years would be all the money, resources in the world 1 billion times over.

    That's 7200 days over a 20 year period. lol wow.

    Just 365 days doubling a dollar for a year (365 days) is 3.7577 x 10^109, which is more than all the economies GDP's combined 100x over (at least).


    This expressed decimally is 3,757,7 with 105 more zeros after that.

    As noted, that's only after doubling a dollar a day for 365 days.
     
  20. Remington

    Remington Regular Member

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    Not really. It's a 33% dock to take it all at once, but if you wait it's not going to start exponentially doubling.

    Say you win $1 million. You could do a lot more with $666,666 coming in all at once than you could with $50,000/yr - and, that $50k would still be taxable income (at least at the fed level), so you wouldn't really be seeing all of that.

    When those $50k checks stop coming, the last thing you're going to want to do is go back to work. It's therefore likely to be better to take the lump-sum and invest it (prudently); that way you can be getting interest checks forever.

    Some joker is likely to say that the winner could keep working while getting the $50k checks and invest those, but for the 99% of people who'd instantly quit doing whatever they had been, investing the lump sum is probably going to turn out a lot better.