Here's a free-to-all idea and its implementation: Measuring MV Without a Chrony

Well, you might get close, but no cigar. The fallacy here is, the BC changes during its flight path. And, the published BCs for most pellets are grossly over stated.

One hundred years ago, most bullet velocities were measured using a graphing pendulum. Some of those old devices still exist, and have been proven accurate within 1%. I'd bet the aforementioned method doesn't get within 10%, and may indeed be less accurate than that. 
 
"Alan"Well, you might get close, but no cigar. The fallacy here is, the BC changes during its flight path. And, the published BCs for most pellets are grossly over stated.
By the way, if you're interested in the general topic of airgun pellet BC calculation (e.g., the algorithm that was "close" to being successful in the 100yard real-world test cited above), you might find this thread interesting...

http://airgunnation.dev/topic/backyard-bc-for-22-cal/#post-79451
 
@Alan...as far as accuracy of the method. I wish I understood all the facets of Steve's posted test....as often when it comes to math and physics it take me some time through the fog of my brain to reach some clarity, but at the end...it is physics and match. So not much left for interpretation. My understanding based on prior posts on the Yellow on this subject, even if the BC is off or changes during flight/distance it will not affect the overall results significantly in this setup. 

If you plug in the same data in Chairgun at various distances (i.e. 50 and 100), you should get the same results as long as you use the same parameters. That part does not change. What is the hard part of this method is to setup and execute a real-life test scenario to can measure accurately the parameters involved and execute in such way that it can be reliably and repeatedly measured. And since Yrrah setup and documented the actual real-life test, I feel pretty confident with the results.