Bitcoin Forum

CoinBomb has just launched! You can check it out at http://www.coinbomb.com.

Coin Bomb is is similar to the game Hot Potato, once a bomb is bought (grabbed) then a countdown timer will start. The owner of the bomb then has 24 hours to find someone else to buy their bomb for up to 35% profit, or can buy the bomb again themselves for another 24 hours on the clock. Fail to sell the bomb and it will explode and the person holding the bomb will only get a consolation prize of up to 20% of the profit so far, so make sure to tell everyone in order to get the bomb out of your hands! If they do manage to sell the bomb then they will receive their original purchase price plus interest. Each time the bomb is grabbed the price goes up

Anyone wants to take a hold of my bomb at coinbomb will be appreciated.. take BOMBERMAN for me :D
During this period of BTC and LTC mining incremental difficulties... good to have some other source to make up the loss time.

thanks :D

Could be interesting...

might have to try this out

Sounds like too much pressure for me.

Sound intersting, l'll check this out later  ;D

Thanks. I'll check it out later.

same there :)

We have just launched two new bombs with HUGE profits, the BTC Gigaton bomb and the LTC Gigajoule bomb, only available for ONE round. Check it out!

http://www.CoinBomb.com (http://www.CoinBomb.com)

I just witnessed the gigaton bomb running out of time. It was at 0.625 BTC (+0.625 BTC profit), awaiting payment, and when the timer hit 0:00:00 it reset to 12:00:00 at the same price again. What's up with that?

i dont understand, how is it available for one round when it has already been bought and i can now buy it?

One round means once it blows up, it's gone.  Every time someone purchases a bomb it's timer goes back to 24 hours.  If this timer ever gets to 0 the person holding it loses, and the round is over.

So, the bomb has been purchased but hasn't blown up yet, so it's still the same round.

You know, this looks like fun, but super stressful at the same time. I don't know if I could take it haha.

Seems like an interesting idea.

Does seem fun especially that 100% interest profit ...  mmmmmm

I've had good luck with Bitpotato in the past, so I decided to give these guys a try.

Claimed my bomb, paid for it, and the bomb was mine after two confirms.  No problems there.

A few hours went by, my bomb sold.  As soon as it sold I had received a transaction with my payout!  Ended up making about 2 LTC.

So, I can confirm that this service is legit!  Buy bombs with no fear!

But, again, know what you're getting in to.  There is a chance you could lose, which would result in you losing most of your coins.  Don't risk anything you're not willing to lose.

Bear in mind that coinbomb is currently using a bot to lock out every potato on bitpotato right now just to advertise their URL. This is costing people money because their potatoes will expire without anyone being able to buy them. This is the kind of immoral and irresponsible behavior you do not want in people holding your LTC should something go wrong. Avoid.

Any proof to back up this very strong claim?

Andy B

There really isn't a good description of how things work, so I'll do my best.  The same applies for bitpotato.

There are 3 different states a bomb may be in

Countdown state - This when when the bomb/potato is available to purchase.  The timer shows how much longer until the bomb/potato expires.

Awaiting payment - Someone has clicked the button to purchase the bomb/potato.  The person now has a set amount of time (usually around 5 minutes) to send the coins to the correct address.  The main timer isn't counting down during this state.  If time expires and a payment hasn't been sent, it will go back into the countdown state for someone else to claim.

Verifying payment - This state is entered when coins have been received.  The potato is locked and waiting for the transaction to get some confirms.  Once a certain number of confirms have occurred, the bomb/potato's price is increased and the potato goes back into the countdown state.  This usually takes anywhere from 8-15 minutes, and I think they allow up to 2 hours for this.

Things work slightly different for coinbomb and bitpotato, so be sure to watch for a bit and observe before you get in there and start bidding.

this was a great idea ... i will try it

People are buying them up like crazy, not the gigaton but everything else....

Yes, check the bitpotato thread in this subsection for a screenshot.

Please don't spread slanderous rumours, we had absolutely no part in whoever was doing that. Do note that they were also advertising cryptobounty and bitcoinsforpaypal which we have zero affiliation with. Most likely thing is bitpotato has made someone upset for some reason. The owner of bitpotato (tralawar) is notorious for slandering the competition with lies. (Proof here: http://trollboxarchive.com/search.php?search_type=username&search=tralawar)

So you request that i do not make a 'slanderous rumour' and proceed to make one of your own? It seems you have displayed your discontent and therefore motive for doing such a thing to the bitpotato site. I think you wont be doing it again.

Sorry, one of our admins got a little heavy handed with his words. we edited the post before you'd replied though.

to do something again implies there was a first time. There was not. As we've also told you on twitter. Are you a part of bitpotato too?

Another accusation. Isn't this just the most professional team. I obviously do not work for bitpotato, i deeply sympathised with the 6 potato holders that had no hope of selling when the whole site was being locked out and lost over 350ltc between them.

edit: and i see you have taken to the bitpotato thread to further publicise and hypocritically slander their team. You wont last long, not with this kind of unprofessionalism.

There was no accusation there - it was a question.

(PS - as I understand it, no one lost anything during that time, when the potatos are locked, the main timer is unaffected)

Our position on the matter is now stated....Returning to regular programming.

Thanks for posting this! This looks like great fun, between friends too.

The Gigaton and Gigajoule ones have a few more hours left on them. Should be exciting to see the final outcome.

People have been hackin away at the btc nuclear bomb, Im gonna have to buy it here pretty quick, mines well make some easy coin...

Thanks, I'll try ;D

I wonder are there odds posted anywhere on how likely the potato is to reset on you?

you mean the BOMB...right? ;)

there are no random resets on coinbomb.com The only reset is when the main timer hits 0, then the round is over.

The timer restarts at 24 hours (or whatever the round length is on that bomb) when someone purchases.

uh...sorry about the potato reference, not enough coffee yet this morning.  ???

These sites are great, with the mining difficulty increasing and the current stagnant/slow exchanges, it is difficult to make much profit right now. Hope I don't get blown up!!!  :'(

It would be nice if the transactions were a bit quicker.

Unfortunately we can't do much about that, we have the transaction confirmation as low as we can go while still ensuring the site will run properly for everyone involved.

The only remaining factor is the time it takes for your transaction to get included into a block and the subsequent blocks that confirm it. Adding a fee to your transaction will usually get it into the next mined block, transactions without fees will sometimes not make it into a block within time, if that is the case email us at admin@coinbomb.com and we will look into it for you.

it looks cool

thanks! we're adding some new features (We think the market has been stagnant for a while now...time for some innovation! :) )

keep checking back - we have special events on a regular basis.

New bomb type : MIRV

This bomb, in addition to having a massive profit / multiplier has one completely new feature. When it expires, it will split into 4 smaller bombs (still with a higher than usual profit)!

Check it out!

My main complaint would have to be the UI of this site.  Everything works fine, but the UI is just terrible.  All the font looks the same, and it's all much larger than it needs to be.  The 5th bomb is kind of down there by itself.  Also, add some borders around the bomb information!  It is hard to see where one bomb's information ends and the other begins.

With that said, the prices start much lower on this site than bitpotato.  I know it seems like a small thing, but it's actually a HUGE difference.  Each bomb is purchased maybe 7-9 times before finally reaching a price where no one will purchase it.  This results in a LOT more winners.  Their win amounts may be smaller, but there are more winners.

Another problem would have to be traffic.  If Bitpotato or coinbomb were to implement something which showed how many visitors were currently at the site, I think it would drastically help!  If a ton of people are there, there's a good chance I'll buy a bomb or potato.

Dman99, We'll definitely take those suggestions on board! thanks :)

Since using coinbomb, bitpotato, and almost all the other game like this very frequently, I can honestly say that coinbomb is better and has their shit together more than bitpotato and the others.  On bitpotato, no one even buys the potatoes anymore past the 3rd and sometimes the 2nd purchase, so if you don't beat the bots when the reset occurs, you're going to lose money if you buy a potato.

Reasons why Coinbomb is better:

•Unsuccessful locks will extend the main timer by the same amount of time.
•The verification process seems to go faster on coinbomb.
•The 24 hour timers are awesome and should stay that way.
•The amount remaining to pay is nice to see (because you can see if the person is actually trying to pay for it).
•It's way easier to get a bomb.
•The timers don't lag if you stay on the page for a long time.
•The one-time bombs that appear allow for a huge profit and are a nice change up.
•Supports LTC as well as BTC.

Coinbomb is amazing and seems all around more stable.  I hope things stay this great. Thank you guys for creating such a great site.

You should build in a Captcha, otherwise Bots will be getting the first bombs everytime.

blatant post by a coinbomb employee reinorced by the fact you pasted this to the bitpotato thread. Who does that who doesn't have an agenda? So obvious.

This is interesting. Where is the 50% bomb and 75% bomb. Also, asking that users don't use BTC, but then ask for BTC address so we have to do the conversion for LTC?!

Lastro : I think you've misunderstood. BTC-E is a popular exchange (http://www.btc-e.com), but withdrawing from them to us directly is a problem (as they batch outgoing payments) - they frequently come in late, meaning the player has missed their chance to purchase, and we need to refund. We accept both BTC and LTC payments (click the drop down selector in the top right of the page)

Demoniality : .....ok.....  ::)

i dont think ill use this site

no problem - it's not for everyone. thanks for checking us out though.

Explained to you in the bitpotato thread.  Not everyone who honestly enjoys something works for the company. With your logic, if someone says they like Coke better than Pepsi and states their reasoning, you would say that person works for Coke.  Everything isn't a conspiracy.

The giveaway was needing to post in both threads. A thankyou and approval of coinbomb would stay here. You know that, i know that. The only reason you are trying to argue otherwise is to save face. The more you try to lie and defend yourself, coinbomb employee, the more proactive i will become.

watching this!!!!

Thanks. I'll check it out later.

Very cool

The first MIRV bomb will deploy (split) in 6 minutes!

such a fucking scam! its all faked up getting some hapless sap to buy the bomb, at which time it will all of a sudden quit getting bought.

well...that's the game isn't it?! You have to judge what the market for a bomb is. Like buying a bitcoin, you don't buy in at $260.

At least make the site SSL encrypted if you're dealing with people's coins

hey coinbomb, i have ufo i will sell you for 1 BTC.

my address is
1CieQyaJCkdA8vZLxjgFYLE7Grkowhyoh

You can verify all winners payments on the blockchain.

http://www.coinbomb.com/ - click past payouts at the top.

CoinBomb, I made a quick calculation on your income, and you have all my respect ;D

Good earnings!

Only 1 question, which API do you use to accept payments, not having a SSL? Do you have a VPS and use the bitcoin-qt one?

Fix your logo, secure your site with at least a FREE ssl encryption

ha-ha

Sounds like pointless fun...

ftfy

This is nuts! Who in their right mind would do this?

great!

probably some middle eastern terrorist

Thanks for posting this! This looks like great fun, between friends too.

The SubMIRVs have begun descending on their targets! The price is dropping, buy at whatever level you feel comfortable at, but dont leave it too long, or someone else will lock it!

cool

I don't get it.  I'm buying something which gives me the right to sell it on, but the "thing" is a digital bomb?  What is the USP?

Doesn't this rely on people gullible enough to buy it? You buy it. Then you start a spam campaign to sell it for 24 hours. When you can't find someone gullible enough to buy it, you lose money.

So I guess the way to determine if it is a good investment is the gullibility of the contacts you plan to sell to. Altcoin forums are probably a hoot!

I can think of less stressful ways to have fun and make money in 24 hours. Hint: get a job.

That you can make 50% profit on it. I think it's a pretty funny concept :)

Might want to stay away from this site, been a lot of complaints about coinbomb stealing peoples btc and ltc, some people are saying they will sue too -

seems like they ddos'd bitpotato too

Sorry dude, but that sounds like FUD somebody waiting to pick up some cheap bombs ;)

There are plenty of sites like it, and if I wanted a cheap bomb I would just wait for a reset, or buy the LTC bombs that are already cheap -...  I rather use Satoshi dice -

All payments can be verified on the block chain. We're not out to take anyone's money - or DDOS. Demoniality - give it a rest. We've spoken with the BitPotato staff - there's no beef there, we're both competitors, but that helps EVERYONE raise their game.

I've been talking in both threads.  I like both sites.  I'm trying to get both sites exposure. Competition means both sites will strive to be better.  Exactly what he said.  Also, the more popular both sites are the more players, and the more players the better your chances of winning.

I can 100% absolutely confirm that coinbomb does pay out.  I've been playing with them for a few days and I've received all of my payouts as soon as the next purchase is confirmed (same at BitPotato).  Like he said, you can verify this by looking at the blockchain if you want.  They provide links to transactions in the previous winners section.

I've offered some suggestions in previous posts.  I love the interesting things like one time bombs and the splitting MIRV bomb.  One thing I think is sorely missing is a quick action bomb.  The 24 hour bombs are great for big amounts.  I would love to see a couple 12 hour bombs just to keep things interesting all the time.

Good suggestions. As for quick action, there is one 6 hour bomb (sub Mirv). Another 100% interest bomb would also be nice.. although kinda tricky because of the huge multiplier I guess ;)

I like Coinbomb's overall site layout better than bitpotato's, but I guess both sites work fine.

So a reddit user using coinbomb claims all his BTC and LTC were stolen http://www.reddit.com/r/Bitcoin/comments/1e79ig/how_were_my_encrypted_bitcoin_and_litecoin/

This is a fun twist to a classic game. Hope you do well with it!

awesome,looks promising.

coastermonger : unfortunately, this is a problem with the bitcoin community at large. Any new site comes up, everyone screams "SCAM" - think about it. how would we EVER be able to drain a users wallet? they send money to us, and that's it. We dont have any other access to ANY information, wallets, etc. It truely is an uphill battle with some people, instead of forming an informed opinion, they jump in with absolutely no facts.

It is absolutely awful that this user got his wallet drained, and I truely feel sorry for him (there are some AWFUL people in the world :( ) - but if you read carefully, he says the ONLY REASON he has any money LEFT is because some of it was tied up with us and another site.

ok so is this a game of chance or skill? it seems like it would take some skill to determine by probability the likelihood of making a profit but it does also seem like just straight chance.

I'd say its a mixture of both.

There is skill (/experience) in judging what the top of the market is.
There is also a luck factor involved.

Grab a bomb early, and your chances to see a return increase dramatically.

Atm it's most likely a coinfest for people using bots...

It's really combination of observing, skill, luck, and just how big your balls are.

There have been times I've bought a bomb and instantly regretted it.  I've lost some money due to bad purchases, but I've also made a ton of money from some of these purchases.  It's really just a matter of how brave you are.

Your "braveness" is gambling, nothing more. As long as you think that's what you have to do to be brave you are in an high danger of losing all your money.

Looks like fun, you got me interested :)

Count me in!

If anyone has an idea for a special bomb, just let us know! (PM it to us - lets not ruin the surprise for everyone else  ;D )

We've taken on board some of your thoughts about the look of the interface - just uploaded a new design, makes things far easier to see. Check it out!

I've used coinbomb before, got my LTC back within minutes of someone else getting the bomb. Legit!

This site is legit.

T Minus 3 minutes to Kiloton & Kilojoule launch!

Bombs are live! Get them while they're taking off!

I really like the idea, hope to implement to our coin.

When there are more than 4 bombs, the last few get pushed down to a second row.  Since your bombs are so tall, I feel like no one will see these lower bombs, so no one will buy them.  Seems kind of unfair honestly.

The styling changes have made things look a lot better though.  I still think the font on the bombs is too large and all looks too similar, but it definitely has improved.

I checked it out its awesome thanks!

Your still awaiting payment hopefully you get it soon.

Bump

Bump

Bump

Looks interesting

So if I keep buying low every time on a busy day, I am more likely to make extra monee?

---

^BT_C  1LpnXcDX2z1f8bjK6LggDLFdygWyqdQTYk
                          

I won't say it's guaranteed, but it's damn close if you buy when the price is lowest, yes. the problem is, that's what everyone else wants to do..... :)

Alright, thanks.  :)

*throws a ninja star*

---

^BT_C  1LpnXcDX2z1f8bjK6LggDLFdygWyqdQTYk

Sent and received payment almost instantly after someone bought my bomb. Definitely some profits waiting to be had here.

Well done on the website construction, really looks nice.

Pretty interesting concept, might play if I have a few coins lying around.

The Gigaton and Gigajoule bombs will be returning in ONE HOUR for a single round!

very interesting...  ;D

Gigaton and Gigajoule bombs are LIVE!

You have ignored me far, do you plan on implenting any bot protection or is there something like this already in it?

We do have some systems in place to stop malicious behaviour and are constantly monitoring the site and improving on our protections. We have not seen any large issues with bots so far apart from one or two isolated cases which are being dealt with.

NEWS: Due to popular request we now support encrypted connections over HTTPS by default

Make a game for BQC!

ERROR : Invalid Bomb

again again and again when a grab is interesting ....

dermo : thats very strange, the bombs are changing hands, and I cant recreate that error.

Can you pm / email us with some specifics? (which bomb, currency, your browser etc)

Thanks!

Funny thing)

Nice idea, good work!

One possible problem: if you click grab bomb and then change idea, will the bomb stay locked for everyone else for 5 minutes?
i.e. can someone chain-lock a bomb preventing anyone from grabbing it?
(I've noticed someone stating that the timer won't go down during that period, and that's good)

Sooo.. What is coinnomb?

Sounds lame

Lohoris : When you click, it does indeed lock the bomb for 5 minutes (the main timer is not affected though). We have measures in place to stop people locking out a bomb too many times.

PM sent

Interesting idea.

Looks cool, gonna check this out.

Looks like our CDN provider cloudflare had some issues, and the site was unresponsive for about twenty minutes. We've added an extra half an hour onto all the running bombs to compensate.

Sorry about that!

I've bet on 2 bombs then the site was going to maintenance mode, after the site back online I'm not the owner of any of this 2 bombs and Have not be rewarded so I've lost my bets ?

https://blockchain.info/address/12YMXdiQGyQtzQ1M18CfdDyWKWghvjMAKr

Thanks in advance

I could advertise your site on mine at www.rainingbitcoin.com I will accept almost any bitcoin offer to advertise your site for 30 days.

Dermo : Unfortunately, we had a technical fault, those payments have been refunded - you should see them shortly.

All existing timers have been set back to 24 hours for fairness. Sorry about that.

Thanks you ;)

nice website ! i like the idea.

We have some very nice changes coming up in the near future - keep an eye on this thread and the site for more info!

This looks very similar to the Bitcoin Gem (http://bitcoingem.com/).

Good luck!

its kind of a similar idea, but I think we've taken it to the next level :)

I agree, this is much more polished and designed.

I've bet on 2 bombs today

https://blockchain.info/fr/tx/2ad2e5123377cdf95f72ba0363ca1f1deef8ebcc04a400b235d001b790f4a754
&
https://blockchain.info/fr/tx/ce901a3d043fdc606d8868da4e67d96c5d4d9cf17e5baa3fe069823b7d8cba88

Peoples have grabbed the bomb after when I see the current statut on the website and I've not recieved my bets + profit :/

Loosing 0.06591 & 0.03662108 btc (+fee) :(

When you look on Last winner

Phreaker - Paid 0.06591 BTC Got 0.0757965 (15% profit) Verify (http://blockchain.info/tx/1f0d3848c7090a432910fd20bd5f3636a6238ad104a2c75c461530af1887881c)
expansible - Paid 0.03662108 BTC Got 0.04028318 (10% profit) Verify (http://blockchain.info/tx/6ed9276b5ddc43c52d5df4df6a15b929e6c2aa1028826d8e22cbe35399757267)

Something goes wrong with the website :/

Please check your emails - the transactions have been refunded for you, as mentioned in the email the reason you did not own the bombs was your transactions did not verify within the two hour window as they only make it into a block after ~130 minutes.

Have reply

Again thanks !

This game sounds ridiculous. Can someone care to explain me why anyone would want to play this game?

Because it's fun to take risk ?

I love this game :)

mee to

For profit and fun of course! :)

These are always fun!

Do you know some more games of different styles, not clones of this?

Satoshidice is fun too but completely different :)

Good  :)

Dear Coinbomb owner and friends,

Does anyone know the odds involved in this kind of "Hot Potato" game?

I mean: at least an estimation about the gambler's odds and the house's odds.

It seems that game is not 50/50, right?

Is it, at least, +EV (positive expected value) for the gambler?

Is there any documentation about that topic around?

Maybe that info could be included in the FAQ section.

It's not 50/50, someone grab your bomb = win if not = you loose
Look the price of bomb max bet etc untill the timer reset ;)

I advice to watch some rounds to evaluate before starting playing ;)

too high stress for me.. theres only so much my massive balls can take :]

you make my day :D

Satoshidice is pure-luck, hence it's not a game, it's "just plain gambling".

ok guys, some BIG CHANGES just uploaded!

The site now uses PUSH notifications. That means bomb updates/drops will be near instant. No more missing bomb drops, and needing to refresh.

NEW BOMB : GROUP BOMB

We all know these type of games have a ceiling - the value of the bomb just gets too high, and no one buys. NOT ANYMORE.

Players pool their funds together to buy the bombs, so (for instance) 3 players can buy at a level, and all get the same % profit on their investment. Check out the FAQ for more details.

Bombs start as normal, and then become group buys as they get too high. Watch the Saturation / Carpet bombs.

no info on your FAQ about GROUP BOMB

Could be interesting...

It should be there now, if it is not try pressing ctrl+f5 to clear cache and refresh.

sound interesting, will try it out :P

Ok then I've bet 0.5 BTC on the Carpet Bomb but still cost 1.531125 oO, I'm missing something ?

https://blockchain.info/fr/tx/1a5f5efda3074287b8af5b3b1aa2db69c632194fc449c3eb50c31e2403853b4f

Cool idea.
I see a lot of bitcoin sites with a similar template - what is the template?

The Carpet Bomb has not converted to a Group bomb yet - It will do so if the timer runs down far enough. We have updated the site to make it clearer which bombs are group bombs when trying to grab one. We will look into other ways to make it more obvious too.

I saw the 0.5 BTC come in and will refund it to you as soon as it has confirmed in the block chain.

Twitter's Bootstrap http://twitter.github.io/bootstrap/

It is a very common front-end web framework and offers a lot of flexibility in how it is used.

Just saw it after your update => NOTE: This is NOT a group bomb.  ;D

Thanks for the refund ;)

I think I need a beta tester or dumb dude statut with all problems I have encounter :D

Refund has been sent, please check your wallet.

it's ok !

all these things are the same just like bitcoingem and such :p they look fun though

Much better than Bitcoingem imho, more choice and being able to see the timer is fun.

The Carpet Bomb has just converted to a group bomb! Get your share quick!

Think so, too. Looks a little more exciting :)

Tempting...  :D

Loving the group bomb, what makes it change to that though?

We're using this one as a test. Currently we have it set to if the timer goes below 80% of its starting value it will convert across to a group bomb (so, at about 19 hours on a standard bomb) - this gives people the chance to grab it as a single buyer, and lock in 100% of the profit if they wish.

Your site looks good.
One suggestion:
Implement some sort of consolation prize.

For example a bomb with 1.5 multiplier and 25% gain could have a consolation price of 30% for the last player,
meaning he gets 30% of the coins he paid back. This would leave you with 20% of the last price as profit (+part of the initial value) and nobody would have to risk everything.

Macros : The consolation prize on other sites doesn't work like that. You get 30% of the profit made. so, 30% of 25% = 7.5% of each round - its barely worth it - we initially started with a consolation prize, but moved to an instant win system. that way you can get your entire purchase price back instantly, then on sale, get it back AGAIN with the profit. (upto 200% profit on special bombs)

Also - we don't keep all of the payment on the last round. Each payment goes backwards to the last owner.

Thank you for the answer, but I know my math ;)
A "No, we wont" would have been more honest.
An Example: starting at 0.1, multiplier 1.5, gain 25%, consolation prize 50%:

And so on.
A consolation prize below 50% would give out higher profits, the higher the Bomb gets.
For example: 20% consolation+10% to instant Win Pot would leave you with 20% +0.05 BTC Win.

Why not try it? You could launch a consolation test bomb after the carpet bomb has stabilized.
Btw: I like the group bomb principle too

I'll re run the figures for you... :P

1) value 0.1 - no profit returned here.
2) value 0.1 * 1.5 = 0.15 - returned 0.1*1.25 = 0.125. consolation 50% of 0.125-0.1 = 0.0125
3) value 0.15 * 1.5 = 0.225 - returned 0.15*1.25 = 0.1875. consolation 50% of 0.1875-0.15 = 0.0125+0.01875 = 0.03125
4) value 0.225 * 1.5 = 0.3375 - returned 0.225*1.25 = 0.28125. consolation 50% of 0.28125-0.225 = 0.028125 + 0.03125 = 0.059375

Consolation pot total = 0.059375 on a bomb value of 0.3375 = actual return, 17%

That's with a "50%" consolation pot. Its usually way less than that.

Thanks for the suggestion, but like i said, we'd rather have every player the chance at 100% return rather than 1 player at the end of the chain get a small amount back. Plus, if you're worried about the risk, the group bombs are an excellent way to spend whatever you are comfortable with.

There is a big difference in the approach:
You calculate with 50% of players profits per step
I calculate 50% of last bomb buyers payment as example (this is the extreme where you can go without making loss)
Of course you would set it to something lower to make profit per bomb sell and not only profit per bomb round.
My pot is the total profit you have made before the last player would get the 50% refund.
If you continue your calculation, you will see the 17% rising. This is because the 0.1 are missing completely in your way of calculation and make still a big part of the 0.225.

Doing it like I mean (last buyer gets <=50% back) would still leave previous owners with profit =gain*their buying price and would lower the risk for buyers.
Of course the lower risk should mean, that consolation-price-bomb payers have lower or no chance to get the free jackpot.
A player which buys a Bomb at 1 BTC will never have the chance to get 100% return even if he is the last buyer, because your jackpot never got nearly that high.

Your system is not in use anywhere else, and would not work in practice im afraid. I've given you an example of exactly how another site uses consolation prizes. We do not, and will not.

Regarding your last point - you are correct, he will win whatever value is in the pot at the time. It could be 1 BTC, it could be less. Most purchases are currently covered by the instant win pot.

It is in use at www.satoshidiamond.org the site is still in starting phase, i do not know if it will survive.
They use 40% at the moment.

>We do not, and will not.
Ok, that a clear answer and not claims my math is wrong ^^

And don't get annoyed: Discussion = free advertisement bumps for your thread.
Although you have now provoked me to post the link of a competitor trough your "is not in use" statement ;)

ahh! Now I understand correctly. Our competition is not a secret - there's plenty of action to go around.

There is a huge difference between 50% (your number) and 40% (their number). infact, 51% is loss making with those rules. (With BTC anyway - Did you take into account fees? litecoin is a loss maker from the very start)

We advertise externally (at our cost), to bring in more players. With margins that thin, we couldn't do that.

This is a real interesting concept, and sounds like a fun game, but I would just like to make sure I understand logistically what happens...

Is it correct that there is a spread between the multiplier and the interest and that spread is kept by the site runners (presumably some portion goes to funding the instant win jackpot)?
For example, if I buy a bomb for 1 BTC that has 35% interest and 1.5x multiplier, it will be re-listed for sale at 1.5 BTC and  when/if it sells I will get 1.35 BTC and the .15 BTC goes to coin bomb? And, the coin bomb gets the BTC from the exploded bombs as well?

Sorry if that's an idiotic question or if the answer is obvious, but I read the FAQ and this forum and I didn't think it was clear. Maybe I need some sleep.

Hi suryc,

It's kind of a difficult concept to get your head around at first, no problem!

you are mostly correct yes (except the final profit portion that goes to us is less - after fees, refunds, instant wins etc) - we also do not get to keep the last bomb value as it has been returned backwards to the previous owner (and also the price you see is the price to buy - it hasn't actually been bought).

If a group bomb is not 100% funded by new shareholders when the timer runs out, they are refunded. (the owner shareholders lose out)

On purchase (of a full bomb or shareholding) you have the chance to win your purchase price back instantly (your purchase still goes through as expected, so you can get the instant win of 100%, then get another 100%+35% of your purchase back on sale)

Hope that helps! any more questions, feel free to ask some more!  :)

So you want to be passing on the B O M B ? Sounds like I might get on some watchlist!

LOL!! :D

(pass it on quickly before "the man" can find you... 8))

Very addictive.

cool

very confusing to not show the total price of the group bomb :/

Dermo : we're still tweaking things on the groups, We'll definitely take that into consideration.

 ;)

Anyone had any success / profit here?

ScottJD - We've actually just crossed $20,000 USD worth of payouts! If you click the "past payouts" button at the top, you can verify them using the blockchain.

Dermo : We've made some improvements to the group bombs - what do you think? is that a bit clearer, or still something extra needed?

OMG beautiful :) I like the progress barr

I just wanted to check because a lot of people are complaining that only bots are winning on SD

SD ?

what does carpet round (one round only) mean?

If I buy it no one else can buy after as it is one round? therefore no way for me to win?

SD = Satoshi Dice

I think chain games are ridiculous but you showed some talent and creativity by making it something exciting (what all gambling should be). I do not support your site (because all chain games are losing games) but I support your creativity as a developer. Let me know if you're ever in the neighborhood and want to make something.

I've just bought a slice of the bomb - lets go.

If the bomb is not 100% funded in 03:24:xx the owner of the bomb (H) loose and the shareolders on the current round are refunded, then the bomb no longer exist anymore after that

ScottJD : on our site, a round is from when a bomb is created until no on purchases, and the timer has run out. You are buying in at a certain level - the levels go up each time someone buys, within the round. (I hope that makes sense - the round is the entire chain, the levels are the links in it)

We launch special bombs for one round every so often to keep people interested and coming back to the site, or things would get a bit stagnant.

I hope your shareholding gets fully funded, then you're in play for real! :)

Matthew : We're diversifying into other gaming areas at the minute - did you have something in mind for a partnership opportunity? Feel free to PM or email us.

OK Ok - I understand - Cool Lets go.

Just check re payouts...

So on the group bomb, if I invest 0.5 BTC (1.75x Multiplier - Group) I would get back 0.875 BTC?

Assuming the bomb is bought after 100% investment on my round?

you get paid if the current bomb is funded and the next round are fully funded ;)

Yes I get that and if all went well then I would receive 0.375 profit on 0.5 BTC?

Your shareholding + interest % = return payment

so 0.5BTC shareholding + (0.5BTC * 50% interest) = 0.75 BTC back.

the next level price for the bomb will be total price * multiplier.

Oh Ok - Great Idea!

Yay bomb locked... lets go

Hi - I just played with 0.1 on the group bomb game. The bomb got filled and the new empty bomb has opened up, however I think I just got my bet refunded for some reason.

0.1 just arrived back in my wallet - Any idea why?

I did the small 10% bomb and won!

Congrats! There's always more to win. Try the group bombs if you don't want to risk too much! (50% Profit right now!)


Please send us an email at admin@coinbomb.com with the payment address you used and which address you sent it to and I will look in to it for you.

Hi - just emailed my question to you.

Come on everyone play!

Thanks. I know you've explained the group buys here but it still gives me tired head trying to figure that out.

ScottJD : You won the instant win, and got 100% of your purchase price back! Congrats :) Now...hopefully you'll see the bomb get funded, and then get 100% + 50% interest back AS WELL.  :o

Boo noone bought the bomb - I lose!

better luck next time Scott!

We've converted all bombs to group bombs now - if no one buys solo, then they will convert over, and people can pool in.

2 transactions stuck :/

I'm sure it will confirm soon - we've just upgraded to bitcoin 0.8.2, which lowers the default fee, maybe the network needs more miners to move over as well.

https://blockchain.info/tx/a8b902e12fdb4e444f45afde0e721df7598048a160fdb2a805cb8e6dc139fe3e

confirm but +136min :/ I'm not the owner then  ???

http://blockchain.info/tx/c70b60a0f752d1a96ed616d2932642ea390252ae1dbf40573722f7806e6cee02

Refund has been sent back. Try again :)

*

Appreciate it ! let's do this !

You definitly miss something to get more players to not advertise on "http://www.bitvisitor.com/" I'm not affiliate with us :D
It's just a tips of a player ;)

Hello Dude.

I'd like to give you some suggestions in order to improve the bussiness:

1) Why not setting only 2 Group Bombs (BTC: Powder & C4 - LTC: Dirty & Nitro)?

That way you could concentrate more potential customers in few "shareholders pools" and make the money flow faster so gamblers would also cooperate converging their resources bringing more leverage for all participants.

2) The remaining bomb in each cryptocurrency type could be used eventually as MIRVs bombs or any other type of bonuses: they're the second best original feature available at the website.

With that in mind there won't be so many resets so soon.

Nice job and congratulations for your effort in bringing original and inovative features to the old school hot potato game.

Keep up the inovation!

Anyone wants to take a hold of my bomb at coinbomb will be appreciated

what is your bomb ?

Hopefully this game catches on a little more, its fun but the site needs more traffic...
www.coinbomb.com

That's also why I suggested 2 bombs (10% & 15%) for BTC and 2 for LTC while there's still few traffic around...

We have just relaunched the Gigaton and Gigajoule bombs for a single round! They will also go through the regular group bomb conversion so you can pool funds together with other players to profit even more.

100% Profit on both bombs!

nice idea of game but, you should try improving the website.. try a flat UI for example

When does the "group bomb conversion" happen? I saw in the FAQ it says "If a bomb is too expensive for a single player to grab, it converts to a group bomb." But, that's a little vague

And am I right that the timer gets extended when it becomes a group bomb? How much time is added on and how is that going to work for the Gigajoule/Gigaton bombs?

Thanks

I love it..

Thanks for this..

This is stressful!

I'll check it out later.

sadly group bomb is not as excepted not enough players on this site :/

Big news everyone, playing the game is no longer the only way to earn on CoinBomb! We've just launched our brand new affiliate system.

Anybody can become an affiliate/partner with CoinBomb, all you have to do is refer people to our site using a unique link that includes your payment address (Can be BTC or LTC) and we will handle the rest for you.

Affiliate earnings are currently 1% of the total bomb price each time it is purchased.

The format for an affiliate link is www.CoinBomb.com/aff<YourAddressHere> for example: www.CoinBomb.com/aff1JttqbZyfgcNk3ADoa8jEfCSjBbujpvWW8

Payments will be made once a week. You must have earned at least 0.0001 BTC or 0.1 LTC to be eligible for a payout.

We will convert any payments going out to BTC or LTC depending on your payment address at the current market rate (BTC-E) at the time of payout.

Good news !!

If you want more players think about bitvisitor.com maybe help too ;)

dermo : do you own that site? we may have a business opportunity for you...send us a PM :)

I don't own this site, no related at all with me, it's just a tips for you because this site have a large amount of users each day and it can be benefit for you.

But if I can help you for others things I'm here  ;)

we've given it a test run, will see how it works out! :)

If I won a little BTC on the next days I will do the same to promote you ;)

I tried it, but didn't win anything. >.<

You need to observe few days to understand, max bets etc, you can win but you can loose too it's a game :)

first week's affiliate payouts have been sent! thanks guys!

Can you give us the code for the signature ;)

check out : https://bitcointalk.org/index.php?topic=232938.0 (https://bitcointalk.org/index.php?topic=232938.0) for some signature options

or, you can go to http://www.coinbomb.com (http://www.coinbomb.com) and click affiliates at the top - put in your payout address, and the code to send users to will be shown for you on the stats page.

thanks ;)

oh, and incase anyone was wondering, you CAN user your own affiliate link to purchase bombs...bit of cash back ;)

Any alt coins I can use

only btc and ltc atm :)

Suggestion: Why not creating an weekly bomb that pays the gambler that holds it at the moment of explosion?

Sure that bomb is gonna increase its value fast because everyone will wanna hold it until countdown (24h) finishes.

I think that bomb could be funded with some jackpot resources and nobody ever tried that innovation before.

It might be an idea worth testing (a reverse hot-potato game), don't you think?

Cheers!

Financecisto : interesting.... We'll take a look, see if we can make that work! Thanks :-)

Sirbellos : we don't feel it's a good idea to support too many coins. It dilutes the buying market. If you want to play, you can always convert to btc or ltc beforehand.

 "that pays whom holds"

I don't understand.

A good idea too for remotivate players because a lot have gone recently, see ltc players.... is to payback 25% or 50% of the price bomb when exploding as a consolation prize

I've fate on you ! Already bought 2000 visits on bitvisitor and 2000 visits on honeybitcoin advertising ;)

I tried to buy a bomb last night but my money was too late.

However, now I've lost the BTC - a fraction under 0.07 - and no response to emails.

Maybe the guy is busy.

Hopefully he'll respond to my email or this post. Better still, he'll send my refund to the address below.

1DXGQReuBqZHuHyH9RzmQt2VPWRhWk9ExP

If not that, I would appreciate the option to place my stake on a bomb of my choice.

don't worry coinbomb have a very good support, you will payback for sure ;)

That's good to hear :-)

Coinbomb? Cool name.

This is very cool

jezzyJenson : I just sorted your refund :)

thanks for playing!

Thank you kindly, and I can see it confirming in my account. That is good customer service.

I will most definitely continue to play.

This sounds pretty dangerous.  Here's an emoticon!  ???

Let me try to explain it a little bit more:

I just suggested a kind of bomb that you get paid the value accumulated in jackpot only when the bomb explodes (countdown times up) and you are the last holding it.

Example of reverse coinbomb (10% Interest & 1.25x Multiplier & 1 BTC Jackpot):

1) McCartney first buys the bomb for 0.1 BTC;

2) Lennon buys the bomb (before 24h countdown) for 0.125 BTC (McCartney gets paid back 0.11 BTC);

3) Harrison buys the bomb (before 24h countdown) for 0.15625 BTC (Lennon gets paid back 0.1375 BTC);

4) Starr buys the bomb (before 24h countdown) for 0.1953125 BTC (Harrison gets paid back 0.171875 BTC);

5) Ozzy buys the bomb (before 24h countdown) for 0.244140625 BTC (Starr gets paid back 0.21484375 BTC);

6) 24h countdown finishes without any additional purchase and the bomb explodes. Ozzy wins the jackpot prize of 1 BTC or + (there could be a progressive jackpot that increases itself with every additional buy)!

That's it!

I want to take a look at this

I'd rather choose the idea of using the funds to increase the jackpot for future bigger prizes instead of returning them as consolation prizes.

I guess that's better for gamblers and so it is for the house.

nice concept ! but 1 BTC is too much for the looser in your case need to be adjusted

The 1 BTC jackpot prize is just an example of a progressive accumulated prize that will be funded with some % of every additional purchase, so its funding is going to be distributed for various gamblers, not to only one "loser" in particular.

Well, that's just a Beta idea...development and thinking is still required.  ;)

Instant win jackpot seems to be frozen, no instant win since 2013-06-10

Weird  ::)

It shouldn't be. Most likely just a string of bad luck. Keep trying someone will win sooner or later :)

You should add a cool-down period right after a payment is verified, during which bombs are still locked. It could be randomly set to 10 to 60 seconds. This would actually give people a chance to buy a bomb before a bot does.

ok so is this a game of chance or skill? it seems like it would take some skill to determine by probability the likelihood of making a profit but it does also seem like just straight chance.

It is chance + guesswork, i.e. guessing when it is more likely for people to buy back your bomb.
Only problem is that you don't have much information to guess that correctly, so it's more luck than anything.
Still nice, though.

Because you accept Litecoin on CoinBomb.com (http://www.coinbomb.com/affLNJU97kf4YGjL56XYhmkUVQCCM6xH9bNy2) I have added the site to my thread "[LTC] List of Litecoin Faucets, Lotteries, Gaming Sites" https://bitcointalk.org/index.php?topic=223514.0 (https://bitcointalk.org/index.php?topic=223514.0) :)

no affiliate Payout this week ?  ???

sorry, while the entire front of the site is automated, the affiliate system is still a manual process. It's been sorted for this week, you should see your payment now!

Does it work?

I might give it a go

@CoinBomb
you really need doing something on the site, change something .... all players are gone

@actual players/futur players
Don't bet atm, the only things you will won is losing your btc/ltc

We're averaging over 50 visits active on the site at all times at the moment. There are plenty of players, the more people that play the more others will. It is a exponential effect :)

issue with late confirmation

https://blockchain.info/tx/b3c38b6eb45e86f661c3218a2fdb33a3771b25825d7480054340d0bc1ecd6804

thanks in advance

Refund has been sent

http://blockchain.info/tx/e1107fb0a367bc039b6e872c10cba3887f0918d9e1bda563a186913dd858052c

Yes, that's pretty damning if true. :-\

We were as perplexed about that as everyone else, as we had nothing to do with it

We spoke to the bitpotato staff, and made sure they knew it wasn't anything to do with us. As we said at the time, honest competition is great, it forces innovation and makes everyone step up - that's how we compete, not underhand tricks.

I hope It doesn't explode on me  ;D

sounds fund but you have to make it cheap !

I still don't get how this works... ???

Eek, sounds a bit risky for my taste. Good luck out there!

wow thank you so much

wow thanks this is great!!!!

Is this game still open? Maybe i'll try it later.

It is like a micro ponzi which is starting over and over :P

Please note that we have no affiliation with coinbomb.biz - we only deal in BTC and LTC at http://www.coinbomb.com (http://www.coinbomb.com)

Interesting way of gambling, will try this out

ha very nice and orginial idea good luck everybody

Very cool!

I challenge any of the sockpuppets or occasional misled-yet-established souls posting meaningless confetti in here to write a complete, concise, logically-constructed argument as to how this or any of the other kazillion bitcoin gem idiocies is anything other than that, idiocy.

I am trying this may be its works for me but need to give try

What are the house edge?

may be sometime OP explain about this in future currently nothing is on this post

we just added support for DOGE!

check out http://www.dogebomb.com (http://www.dogebomb.com)

(PS : If you're an ALTCOIN owner / dev - get in touch. we can sort you out with a cobranded site like this)

This is a scam put into 2.5 LTC , i got no payout.

Please read the FAQ on the site. You did not manage to sell your bomb to someone else so it exploded and you lost. It is quite clearly explained so please refrain from accusing us of scamming.

I want my 2.5 ltc back, wtf man ?

You gambled, you lost.

no , i want it back. user cheated on me.

SCAMMER

we're seeing a lot of traffic on the BTC side of coinbomb right now - its a great time to jump in and play!

Did you even read the rules of the game before sending your ltc?

I think the last ponzio scheme showed that some gamblers might earn quick money that's why they are starting to play here. We will see how many people will come ;)

This looks like a good idea. Has anyone had any experience with the website when you have made money?

Thanks

I earned .2btc now I'm waiting in "group" ponzi scheme if it wont go off they are returning money and there are already 8 investors!
Looks interesting because it's just the begining and the stakes are not so high

CoinBomb is great :)

I just wish to have more similar services and this level.

And just a little suggestion - change either Bomb Locked or Grab Bomb colors as they are too close now and it's common not to see when the status have changed.

All the best

Have you made much $ out of coinbomb yet?

Lost some, won some. Overall still on the plus side.

But I found it to be very addictive :)

That's the problem when you are addicted and you keep playing because you think you are going to win soon and then you keep playing until itt doea happen!

You got me wrong :)

All gambling could be addictive. It's personal stuff.
But I'm playing for fun, for relaxing and wasting some time.

But by addictive I meant it's FUN :)

Ok, I understand!  :)

And another suggestion: make the small deposits with only 1 confirmation. E.g. <0.1 - 0.2 BTC.
Because it's too annoying to wait 2 confirmations on 0.0039 for example. Especially these days when the blockhain got spammed.

why did the 50% bomb disappear. more bombs would be nice

the bigger bombs only come up as a special every now and again - running too many bombs thins out the action, and we don't want that!

@coinbomb

what was maximum verifying payment time? I saw now almost 60 minutes.

what happens in case after 2 hours payment is not verified?

and just my 2 cents is that the 10% bomb starts to low because of miner fee

thanks

is it right that each bomb buy needs 2 confirmations?

Yep, this is the only annoying thing I noticed about CoinBomb.

Also already made ~0.005 BTC from their affiliate program :D

Awesome idea but could you add ZET as a currency because I hate converting to BTC just to have a go. Especially while it's still on this roller coaster.

Awesome ? yes, but it looks that no one is interested to answer questions or advertise it. the prices for bombs going down instead of up and that means not much traffic  >:(

This website is such a good idea, but it just needs a bit more advertising, customer service and modifications like mentioned in this thread!

yes Adam thanks

just see the prices of the bombs they are still cheap and no one buys in  >:(

I've put a referral link in my signature, since I think it is nice to promote a rare bitcoin website who is honest with people. Of course, since it's a referral, I'm also trying to see how much coins could doing that generate...

Btc bombs require 2 confirmations. We allow up to an hour for this to happen. (5 minutes to see the zero conf, and then 60 minutes for the 2 Confirms, but ideally it will take 20 minutes or less) - I don't think we'll be changing this, for safety.

Regarding other currencies, we can set this up as a revenue share franchise, if you're interested, send a PM.

Bomb prices go up, hit a ceiling then go down to the minimum again. That's how it works.

There is an affiliate program. If you think you can provide great results, get in touch and we'll see what we can do about a better payout!

5 minutes to see the zero conf, and then 60 minutes for the 2 Confirms,

what if after 60 minutes no 2nd confirmation? what will happen then?

Bomb prices go up, hit a ceiling then go down to the minimum again. That's how it works.

could you please ELI5?

thanks

If you don't get 2 confirmations after 2 hours, then something is wrong is your transaction. You will lose your slot and someone else can grab the bomb.

If the transaction never confirms, you haven't spent the coins.
If it does confirm eventually, then email us for a refund.

Regarding the prices. Each bomb starts low. The timer starts high, and ticks down.
There are 2 options from here :
1-If someone grabs the bomb, the price goes up, and the timer resets to high.
2-If the timer runs down, the price goes down to the start price, and the timer resets.

Group bombs work the same, but multiple people can grab and share the price between them. Check out the Faq at the bottom of the site for a bit more of an explanation.

Any questions, we're here, or PM / email us.

now its time to add some more coins like Lite, XPM NMC and Doge as many casinos doing this its give you some more popularity and more wagering

We can add more coins, but the problem is dilution. Each extra coin needs a separate marketing strategy, and we can't do everything.

If someone wants to work with us on that, then get in touch!

why no chat on your site?

bombs are not bought in such a low range means that there is o traffic on the site.  ???

the site looks dead. such low prices and no one is buying. any idea what happened?

Hopefully people got a clue.

please tell us

You've got two options, basically. You can either think about how this "game" is devised and the position it puts a "player" in, cross-referencing this with your knowledge of various scamming schemes (because you do know what these schemes are and how they work, both in theory and in historic execution, so that you can be an informed market participant, right?) and coming to the only available conclusion, which is that the "player"'s role here is to transform himself into a marketing chimp for the operator at said chimp's own risk.

Or, if thinking and studying aren't your sorts of things, your cues from people who do actually enjoy these activities were here (https://bitcointalk.org/index.php?topic=195701.msg3327545#msg3327545), here (https://bitcointalk.org/index.php?topic=195701.msg2119802#msg2119802), here (https://bitcointalk.org/index.php?topic=195701.msg2119828#msg2119828), and here (https://bitcointalk.org/index.php?topic=195701.msg2122788#msg2122788), as a very cursory for instance.

That several other idiotic "bitcoin gem" games have cropped up over the years isn't a selling point ("It's like hot potato!!1" isn't a hint that the thing's credible, it's a hint that it's stupid). That the sensible posts in this thread were practically drowned in low post count shills and a few idiocy addicts isn't a selling point. And no, it's not the case that you might as well say "what the hell" and "try it"; there's a serious downside here (https://bitcointalk.org/index.php?topic=106391.0).

Stop giving money to scammers.

https://coincontroller.com?r=57c5e5bf  (https://coincontroller.com?r=57c5e5bf)   (ref link)

is still working fine!


wait and see 4 coinbomb..

aaaaaaand we're back!!!!

http://www.coinbomb.com (http://www.coinbomb.com)

Our affiliate programme now pays 30% profits!

Now available, embedding into your site - no loss of visitors, just additional revenue : http://coinbomb.com/embedExample.html (http://coinbomb.com/embedExample.html) - add the code below to your site.