Bitcoin Forum

suck game again... too much fee :(

Very enjoyable and excited game! :)

What is the house edge 30%?

wow..It is neat ;D

Fee si very low at the beginning of the round (only 1%) and it is dynamically changing
during the round depending on magnets power and difference between their powers.
Anyway, I will lower the fee in the next round :)



Thanks! We are constantly working to make it better :)

edit: I forgot to say that this game is in real time, so as soon as you send your transaction it will appear in  the list for the current round, NO CONFIRMATION NEEDED :)

We've added some new stuff!

Each round now has bonus amount of bitcoins, and fees are much lower! :)

By the way, congratulations to Round #27 winners!

http://coinmagnets.com/round/27/payout

We have received a lot of requests to modify the rules of the game,
so that only magnet that receives the payment gets power increment and not both magnets.

Done. :)

Now, if you send e.g. 0.0005BTC to blue magnet only the power of the blue magnet will rise.
How much it will rise depends on our provably fair algorithm.

Also, if you send more than 0.002BTC your magnet will receive doubled power increment,
and if you send more than 0.004BTC power increment for your magnet will be multiplied by 3 and added to the magnets power!

This is not a promotion so should not be in this section i don't think.. are you planning any promo soon?

+1

No promotion or giveaway for bitcointalk members ? then your post doesnt belong to this section

Nice inspiration from our fishbitfish.com game ... good luck! :)

Thanks :)

I thought this was a great game, untill I discovered that even if 'your' magnet wins, you can lose money. See for example http://coinmagnets.com/round/63 - For the top 9 of the blue magnet payments, the payout is smaller than the investment...

Yes, round #63 wasn't so good. Payments on red were very low and payments on blue came to late so the fee was significant enough to eat up all profit for some players on the blue side.
I will increase bonus amount. This will hopefully prevent situations like this one from happening :)

Nice :)

Great, thanks!

Also, I think rounds should be a bit shorter in time (maybe 1 hour? Because if you 'invest' in a round, you want to be there when it ends, and not everybody can stay 4 hours behind their screen) and you should attract more users (advertise or referral program)

this game and fishbitfish big fee really not interested game ever and suck game ever

Fees need to be this high to:
- motivate users to play in the beginning of a round
- be able to have a bonus each round, which keeps the flow going

I like this game, because you can play against others (unlike casino games) and you have to play 'smart' (pay in beginning to avoid fee or at the end to make the difference // pay a lot or just a little // ...)

Yep, it wasn't possible in the beginning because there wasn't so many players and we've had to set round time to 6 hours.
Rounds are now 4 hours long, and we will probably go down to 1 hour as you proposed, maybe very soon, it mainly depends on number of active players :)


I think Fortega post a great explanation about the fees :)
Thanks!

I'm interested. . I'll play!

Not this round tho.

What happend with coinmagnets?

We are currently working on some improvements,
because we have detected some irregular situations and scam attempts during our beta stage.
CoinMagnets.com should be fully restored in a few days.

I did see a problem with transactions without fee (which didn't get confirmations. Although I would not really call them scam attempts). I had some of those. They were re-sent a few days later. See for example https://blockchain.info/tx/e2a94fc623f8ad0de4a36fe81e5937a36e4a4d2bcdd7063d6bcdccd6996df2c7

So just to be perfectly clear, you pay smaller amt of fee in the beginning, and more toward the end of a round?

interested.. ill play

Yep, fee starts from 0% and increases during the round.

just suggest for you, fees for play this game is to big.. i hope play this game without fee   :D :D

Read the post below:


Hope you now see why we can't exclude fees ;)

PROMO GIVEAWAY 50 x 50k SATOSHI
https://bitcointalk.org/index.php?topic=807949.msg9056171#msg9056171