In an attempt to demonstrate gravitational time dilation, I was curious if it were practical to mount a clock to a fast spinning wheel, with the centripetal acceleration of the wheel being equivalent to a gravitational field.
I wanted to calculate the velocity the wheel would need to rotate at in order to measure a time dilation of 1μs, when the clock is placed 1m from the center of the wheel. Since this isn't a common lab or high-school experiment, I didn't expect the velocity to be very practical.
Is it correct to use the following approximation to compute the required velocity within the same order of magnitude as the "correct" answer (from: http://en.wikipedia.org/wiki/Gravitational_time_dilation)? I substituted $v^2/r$ and $r$ for $g$ and $h$ respectively.
$$T = 1 + \frac{gh}{c^2}$$ $$T = 1 + \frac{gr}{c^2}$$ $$T = 1 + \frac{rv^2}{rc^2}$$ $$T = 1 + \frac{v^2}{c^2}$$
For $T = 1 + 10^-6$s, $v = 3x10^5 m/s$, which is clearly far too fast.
Are my calculations correct, given my assumptions and requirements?