Thanks for bringing it to my attention. I'm not sure exactly how things failed in such a way where my view didn't show any problem.
Note that Fredyy has been trying to bring it to your attention for a while: His is the last but one on my list. |
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Yeah, there is a max at 1e-2 and a min at 1e-5. I'm trying to strike a balance between decent expected return and reasonable chance of growing to a good jackpot.
It looks like you've changed it again since writing that message. I was just going to say that it's unlikely to grow very fast when you're offering a 1% chance to turn 1 BTC into 27 BTC. But now I see it's a 3.7% chance... Also, did the re-import finish? I see that the outstanding bets are mostly still outstanding. For example, look at: 010bc3ccaab3394915e6e1ecd026c126572f21501d6d89ca5efc7f3970df554d (2012-06-16 23:39:32) It makes 10 bets in one transaction, but only 9 of them were processed. And: 0e67d2804b78cd32fcac334b807b62bff7d4d0d3d7af293a42d80a29be031f0a (2012-06-17 08:39:55) only makes one bet, but it wasn't processed either. They're both pretty old. Here are more old unprocessed tx's. I think all but the last one pre-date the re-import you said you were going to run. 021f5d99ad2ddbaeacd2be982343e1994ebdf5a6e86fe1cc95c29a0533ba6b9f
5e2c6e2e1cffed5f800e696dc3ab50bb6f99afa2e85940c0ce337fbae9e26354
103dd3e7eea4e7ba208afa2ecf7d150decbb794b30ba8d740fe36070da50441f
05daaf3fff1d2ed16e171071deeb075449cea362b16c284f8504550447d4d58c
08abf56d1cc92c6bcdb0fc2e5923ad099c9035cd021b0964144913789aac0bd4
024e33de213a0725e3f7dbf095cb88284e098ad1fedf740af3bf5d2d8cebd906
173ceb84bcb2003dbbe1e982b7b3bd77f79139c9b1df6d576011bbdc96a2ff72
25a4dfb21a90126aad625213b2954bd30db1e92008d05a399e0769390639055a
09c0eb6102a8190b8261e0f03ec557ce81a2e37e87231199b4195cd2f0264279
3669c76413d3fa50f6cf3e03eff4a00672b52e842b23ce4e94d8025855998d59
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I believe blockchain.info charges 0.01 BTC/transaction, regardless of number of inputs/input age.
Their FAQ says: Are there any fees for using My Wallet?
No it a free service. You maybe asked to include a "miners fee" to help support the bitcoin network (See question below).
Why am I being asked to include a "Miners fee"?
A miners fee will encourage bitcoin miners to accept your transaction more quickly. Sometimes if you don't include a fee your transaction will never get confirmed and will be returned to you in approximately 24 hours.
The "will be returned to you" bit is news to me. How is that even possible? Some miner may include the transaction after 24 hours. |
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Please make sure to go post the same trash, and obviously private, questions in all other services that pay out >100% PPS unless you have a specific bone to pick with Bonuspool for some apparent reason.
No, it's nothing specific to your pool. I was curious to know whether it had become clear yet why you were paying miners 10% more BTC than they make you. I guess not. I don't pay a lot of attention to mining pools. From what I remember the other >100% PPS pool I knew about came out and admitted that they were using their miners' hash power to hop other pools. That was Goat's "project 2" pool. |
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quick boost for strikesapphire
I tried telling you on your own thread, but you didn't seem to notice. You have the max bet for blackjack wrong in your listing for sapphire. It's $15, not $5, for new players, and goes up to $25 once you've played a certain amount. Edit: look, proof!  |
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I've changed how the progressives work to make them more interesting for plays. Now the win odds are dynamic based on the pot size. I have some further tuning to do but I am pretty happy with them right now. My simulations show them often paying out in the low hundreds and occasionally making runs into the thousands of BTC for some big wins.
The 0.05 and 0.25 ones look kind of reasonable, but the 1.00 one is still nowhere near worth playing. Do the odds of winning max out at 1%? |
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It ought to be removed from there too, or bots will continue trying to play it.
Oh, and the very first post in this thread also gives its address, so that should be edited too. |
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It seems the "lessthan 64000" bet is no longer available. It's not listed on the site, and all bets to it are being refunded. But it's still listed on the JSON page: "lessthan 64000":{"name":"lessthan 64000","address":"1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t","win_rate":"97.6563","prize_factor":"0.9932","house_rate":"0.0300","expected_return":"0.9700","min_bet":"0.0010","max_bet":"-226.0653"}}
It ought to be removed from there too, or bots will continue trying to play it. |
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dooglus' calculations shows that your transaction will be fee free at block # 186668.
Thanks dooglus, you are the man!
>>> 186529 + 144 / 1.0301101 186668.79088254742 So probably block 186669. |
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Multiply value in BTC by age in days.
Get bigger than one and it's fee free.
So 1 bitcoin takes 1 day to be fee free.
2 bitcoins take 12 hours, etc.
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That's what happens when engineers try to run businesses.
WHISKEY
TANGO
FOXTROT!!!!!
I suspect part of the motivation for this is that the progressive games are entirely risk-free for the house. They take 1.5% of every bet, win or lose. The site is doing very poorly on the regular bets - they lost 500 BTC just yesterday - so a risk-free alternative is surely attractive. |
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Stupid tax?
Drunk betting? (new term == DrunkDice?)
I guess you could argue that all negative-sum gambling is a stupid tax, but these progressive bets certainly seem to be. The 1-in-4096 bets are terrible value. Currently the 'Teh Beast' has 21.70 BTC in the pot, costs 0.25 BTC per bet, and pays out about 1 in 4096 bets. So I have a 1 in 4096 chance of multiplying my money by 86.8. That's a 97.88% house edge. |
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satoshidice due to the 0 confirmations makes for an awesome bitcoin laundering system  But charges 27%... there must be cheaper ways to clean 100 BTC. Bet 5 BTC on "lessthan 48000" 20 times and you'll probably do better than losing 27%. I think you missed the word 'laundering' since the satoshi bet you make points directly back to you ... So progressive bets are neither zero-conf nor laundering. In which case why would anyone bet 100 BTC to win 3 BTC? The payout contains their own coins, and takes half an hour to arrive. |
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Of course it makes sense to layout step by step how I turn a profit and in return how I pay users above 100% in a zerosum mining game.
You sell bitcoins to people who pay over the going rate for them. I understand that bit. What I don't understand is why you pay miners X*1.10 BTC for mining you X BTC. That's a net loss of X/10 BTC. If you stopped running the pool, you would be better off since you wouldn't have to pay the extra 10% to anyone and could keep all the profits to yourself. So I'm not asking how you turn a profit, but rather why you keep the 110% PPS pool running since it costs you more BTC than it makes you (by definition). |
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Thanks for chirping in with non sensible and entirely unneccesary bloat for this thread.
You're welcome. Did you ever make it clear how you're able to afford to pay 110% for shares and still make a profit? I had kind of forgotten about this thread and don't feel up to reading all 58 pages of it to see if you ever managed to come up with a reasonable explanation. I remember a few different people were trying to get to the bottom of it with you. |
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This is a positive-sum game
Wrong. This is a zero-sum game. I think he's referring to the fact that he started the pot off, but won't be playing: I started it off with a 0.1 BTC bet though!
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Not sure how I couldnt make that more clearer. :/
Not entirely unsure how nobody couldn't misunderstand you less. |
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satoshidice due to the 0 confirmations makes for an awesome bitcoin laundering system But charges 27%... there must be cheaper ways to clean 100 BTC. Bet 5 BTC on "lessthan 48000" 20 times and you'll probably do better than losing 27%. |
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so i pay 1 btc and one in 16 times i win 3.19 BTC....whos ever gone play that??? Its only profitable if Pot is at 16 BTC but it will never get there?? (Only if silly people play?!?) Whats the Math behind this  Talking of silly people, look at this!Someone bet 100 BTC to win that 3.19 BTC. 70% of the 100 BTC gets added to the available pot, so they win a total of 73.19. Actually, they won it 4 times, and split the 73.19 with themselves 4 times. Still a loss of 27 BTC though... |
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I think I just saw a bug in the Progressive bet detail page. It says the bet won, but that the payout was zero. Also the bet tx and the payment tx are the same:  Then, a few seconds later, it fixed itself:  |
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