I deposited some Doge and someone deposited after me. Shouldnt I get a return now?
Formula is (Total Deposits - Paid Deposits) - (5% of Total Deposits) = Balance |
|
|
|
I think you should reduce house edge from 5% to 1%. That would correspond to most other btc (dice etc.) games. Or do you really think >1btc per day is needed for keeping your server up?  As more people gain money, game will become more successful! Thank you for your suggestions but we have been running this game for more then a month and tried many things. I don't think you considered: 1. Please count how much we will make this round.... going to be close to .25BTC but if the last person deposits .30BTC ... then we make -0.05BTC 2. At 1% whats the upside for running this again and spending time? 0.05BTC upside with a potential loss of 0.25BTC ? 3. It takes a lot of time to run this and to make sure all is working smoothly as well as there are costs for advertising About Dice, DICE edge is much higher then 1%. They just use other techniques to increase the income... while their edge is significantly higher then 1%. If you are sure their edge is only 1% just roll the dice and if you lose double your bet and keep doing it... you will eventually win http://en.wikipedia.org/wiki/Martingale_(betting_system) |
|
|
|
Blockchain.info wallet will work on this site and all others like it. Blockchain has a single wallet address not shared like coinebase and others.
I wonder how do they control change addresses that return the change to the single address. That is pretty good programming. |
|
|
|
That makes sense, ill look into Bitcoin-Qt. Im guessing thats an offline wallet, don't know much about it. Anyhow, thanks for the quick response and the information.
Its the official wallet which you can download here, there are several you can try depending on your system resources. https://bitcoin.org/en/choose-your-walletWhat do the other players use? |
|
|
|
Just curious, is coinbase a wallet that is compatible with this site?
It would not work to my knowledge. Blockchain wallet however should work(but test with a small amount). Maybe this is a good reason to dowload bitcoin-qt since it is better to hold your bitcoins by yourself. |
|
|
|
|
Thank you wil!
So the game is not actually 24 hours its 23hours 30 minutes. That is where the confusion comes from. If it was 24 hours and 30 minutes before game end and game start then we would keep moving time forward 30 minutes every day...
Let me know if that explains it. I will correct it on website after.
Here is my to do list (No promises when I get to it)
1. Change from 24 hours to 23:30
2. More Round Stats + Balance
3. Try to pass server time from server so computer clock is not used
4. All Time Stats
|
|
|
|
|
40 minutes with not BTC block... insanity
|
|
|
|
Well, to put it in a nicer way, you have to process it from the beginning, and not work backwards.
It works by having a little bank, and people only get paid if there is money in it. What threw me was not counting the 5% fee, and that is taken right out of the deposits first.
I keep nagging poncrytpo to have more stats on there, like a column that shows the balance at each line so people can see more clearly that it is adding up, otherwise people will think there is something wrong when glancing at it. Looking at the previous round, #101 didn't get paid their 0.3BTC even though there was 3.1BTC of deposits after them. Without that extra info it looks really bad!
I gotta get focused... coffee is not doing it anymore.. We should have more round info. I need to slightly redesign the database schema... but like with all financial stuff it must be carefully tested before going into production. |
|
|
|
I'm not sure how many people would join in from doge but your bitcoin ponzi might benefit from advertising on http://freebitco.in Just noticed a banner for sale that gets over 500 clicks per day. We got some very nice advertising for DOGE...we are looking places to advertise the litcoin and btc games but only high traffic legitimate places. Thanks New Rounds for DOGE and BTC tonight |
|
|
|
So is it a total of 15% of the total deposited that is not returned? Perhaps you could be a little more clear about exactly how much won't be paid out every round?
Its all stated on the website 10% goes to the first guys in! 5% goes to us some of which will be used to pay the 200% return. (Sometimes we turn off the fee to speed up the round) Its all on the website... if you read it... then you would not have these questions http://btcpile.com/faqWe have been running http://ponzidoge.com for more then a month and its pretty clear with repeated warning telling people that its a game. |
|
|
|
Hello forum, my first post will definitely be in btcpile for the next round. Just a quick question, correct me if i am wrong, perhaps i don't get it: Just read through the archive (first round of the game): shouldn't there have been money left for deposit #12 to get out 110%? I mean, 0.55658 btc in total got in and 0.477259 btc in total were paid out, difference is 0.079321 btc. Enough to pay #12 its 0.077? best wishes and cya next round! Don't forget we take a 5% fee for running the game. It also helps to pay the last deposit 200%. |
|
|
|
Wow over 100Deposits Only 3rd round. Need to buy more advertising. |
|
|
|
it definitely works! the 0.3 BTC question is though: how many people will lose, and when will the deposits stop coming and the payouts stop leaving?  over 6BTC through in the last 5 hours - that means 0.6BTC of the most recent investors will lose thier shirts (other than the one who snipes last) The upside is also greater for those who play with .3BTC because they get a .03BTC win! Its just like any gambling game. Do not gamble with what you can not afford to lose. I am guessing that the guys who play .3BTC can afford it since it is in their BTC wallet. |
|
|
|
Question....if we are trying to get last deposit does it count at time transaction is sent or time it is confirmed? say you send but it doesnt confirm until new round starts?
we go by time recieved from the network... ie even non confirmed. As long as we recieved it before round end. But we will only send once it is fully confirmed. |
|
|
|
I would like to share 2 big tips: 1. The more obvious one: Remove the wallet password, you can put it back when you're done playing. 2. Use the debug window. This eliminates the delay in having to click the "are you sure" window after sending. A quick guide on debug window: Go to the help menu, then debug window, then click on the console tab. You'll see a window where you can enter commands at the bottom. Type "getinfo" into it, just as practice. See how it works? Good. To send to an address, test it on yourself, the command is: sendtoaddress <address> <amount> it automatically adds the miner fee on top of that amount (usually only 1 doge), so make sure to send a tiny bit less than the entire contents of your wallet. This is an important point since its horrifying when it says "insufficient funds" and you lose precious seconds because of that. So when it's GO time, have the command all typed out with the amount, then when the address appears on the website, copy it, paste into the right spot, slam the enter key, win. edit: I see the site owner liked this and is spreading it in places. I didn't want to highlight the fact that I've never lost a round, I feel like a jerk admitting that part, but its true. I've been chatting with him in PMs and told him that for some reason I'm always in the top 3, and I am not cheating. I finally came to the conclusion it must be the debug window thing so I decided to share. I think if more people win more often, it will get popular, since a dead game would kill the free lunches I've been getting from this. And I'm not going to just "play slower", that's stupid. How do you remove the wallet password seems i cant figure out how. Basically to open console 1. Open Bitcoin QT the go to Help -> Debug Window -> Console 2. Unlock wallet in console (time out is in seconds) (Remove the < > ) walletpassphrase <passphrase> <timeout> 3. Use send to address to send coins sendtoaddress <bitcoinaddress> <amount> |
|
|
|
New BTC and Doge Rounds are tonight 30 minutes after the end of current rounds. For BTC check http://btcpile.com and for DOGE check http://ponzidoge.comOne of the players who never lost decided to share his tips https://bitcointalk.org/index.php?topic=520223.msg6501402#msg6501402For BITCOIN IMPORTANT ... make sure you have the recommended fee for bitcoin set if you are sending from console or it will cause delays in your payout! Go to Bitcoin-QT - > Preferences -> Wallet -> Transaction Fee to "0.0001" Basically to open console 1. Open Bitcoin QT the go to Help -> Debug Window -> Console 2. Unlock wallet in console (time out is in seconds) (Remove the < > ) walletpassphrase <passphrase> <timeout> 3. Use send to address to send coins sendtoaddress <bitcoinaddress> <amount> |
|
|
|
Todays Email was like this New BTC and Doge Rounds are tonight 30 minutes after the end of current rounds. For BTC check http://btcpile.com and for DOGE check http://ponzidoge.comOne of the players who never lost decided to share his tips https://bitcointalk.org/index.php?topic=520223.msg6501402#msg6501402For BITCOIN IMPORTANT ... make sure you have the recommended fee for bitcoin set if you are sending from console or it will cause delays in your payout! Go to Bitcoin-QT - > Preferences -> Wallet -> Transaction Fee to "0.0001" Basically to open console 1. Open Bitcoin QT the go to Help -> Debug Window -> Console 2. Unlock wallet in console (time out is in seconds) (Remove the < > ) walletpassphrase <passphrase> <timeout> 3. Use send to address to send coins sendtoaddress <bitcoinaddress> <amount> |
|
|
|
The correct terminology for this scam is PYRAMID scheme, not Ponzi, since it is stated that newer people will pay older people rather than claiming to have a great investment such as selling the latest technology of pink hoverboards à la Back to the Future.
Correction: This is some sort of hybrid Ponzi/Pyramid scheme, a Ponziamid or Pyramonzi
 |
|
|
|
|
Show Posts
