Glad you like this feature! Although, in all honesty I can't claim much credit. The ding-when-mentioned was actually added by csm, and the shiba chat (who does block notifications) is Steve's pet. |
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made a mistake want to put 1.25x typo to 2.15x all in and crashedddd at 1.1x welcome zero balance  If it's any consolidation, it sounds like you would've lost even without the typo =) Better luck next time, though! |
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Can UnMute me  I've unmuted you. But please no spam this time =) |
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Are there any winnings stats you can share?
You can see a lot of stats here: https://www.moneypot.com/statsHappy to share more if you want/need anything else, I'm pretty open about it. By the way, your faucet pays out very little compared to other faucets.
It's kind of by design. The faucet is more just to allow you to try the game, to see if you want to play or not. It was never really designed to substitute actual gambling |
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They must fix the lag.
it is indeed connection issue, i get that lag thing several times when my connection was bad, perhaps you need to blame your connection provider instead There's definitely that, as well as room for a lot of optimizations on both the Money Pot server and client. Right now we're far from optimal, doing much more than strictly required on the client side. We pushed an update this morning that cuts a significant amount of the work out, and got a few more performance improvements in the pipeline that will come today and tomorrow. |
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Dooglus, that's an interesting point about whether you know that a server is running an executable which is actually compiled from some open source code it's supposed to be compiled from. It seems to me that there might be some way to validate the executable via cryptography, but I don't have a concrete proposal. Very good point.
If you're interested, do a search for Succinct Non-interactive ARgument of Knowledge (SNARK), and you'll find a lot of interesting stuff. You can't validate the executable, but you can validate that it executed faithfully. However, in many ways, a provably fair system is already that. You can't be sure the software on MP.com is actually the software from github, but you can be sure that the crashes are fair. I dunno, it still hasn't happened for me. So how much is 1000 bits in bitcoin?
There's 1,000,000 bits in a bitcoin. So that means 1,000 bits is 1/1000th (or 0.001) of a bitcoin. If you're having any issues, the friendly robot Shiba will help you out with !convert 1000 bits to BTC |
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So what's the answer?
My answer is not to offer any progressive pot games.
Actually, there is a solution; a PMP (Progressive Money Pot). The probability of winning the PMP is inversely proportional to the Money in the Pot and proportional to the amount you bet. So if the pot has 2 BTC, in it, you should have half the chance of winning it as if it had 1 BTC. And if you bet 1 BTC, you should have double the chance of winning the pot as if you bet 0.5 BTC. It keeps the pot EV exactly the same, regardless of the pot being 1 or 1000 BTC, and regardless of bet size. In almost all cases, a PMP is superior to a progressive jackpot and I'd advise sites to consider it (along with the correct terminology, of course) |
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I think yesterday more than 1500 bitcoins were wagered, looking at the other charts, the highest turnover is 700 bitcoins on average per day.
Yeah, that's right. Although the highest by far is PrimeDice, which seems to average around 2000 BTC a day. As discussed a few posts (pages?) ago, the reason our turnover is so high is due to the tiny house edge. Over the 56k BTC that have been wagered on the site, the historical house edge is a mere 0.11% of it. So players can on average gamble ~10x as much on MP as a normal dice site before busting (and experience considerable more variance) |
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Assuming sane parameters (i.e. a finite amount of money) no such strategy exists. If you're playing with a fair dice, every single roll gives you an expected value of 0, and there's simply no way to combine EV0 bets to become +EV nor -EV. The one thing you can control for, however, is variance. By making small bets, you can reduce it. By making a singe bet, you can maximize it.
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Take a look at the bitcoin strip it's the best review site I've seen so far. Most of the "review" industry is incredibly shady, so don't purely rely on them. I get weekly emails asking if I want better reviews, reviews, and even links-from-my-existing-review (?!) for money. I believe even the bitcoin strips creator has an undisclosed affiliation with one of the sites (?). For perhaps the most non-biased information, you should do your own research. Looking at some of the casino threads here is a great start |
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For those of you who like their chart porn:  Gnuplot wizardry courteous of kungfuant |
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The crazy low house edge, and high amount of wagers (over 1500 BTC in the last 3 days alone) leads to a pretty awesome looking P/L chart:  |
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Using an account on an exchange or a casino to collect faucet payments is reasonable, as he will just need to pay a 0.0001 fee for withdrawal regardless of how many dust deposits he made.
Excellent point, something I didn't consider. If he received his faucet payments to a normal wallet, each output might add up to 20% of the entire output value in fees. It's quite an honor having such a dedicated and price conscious user using the service  I'll let you guys know if he ever in a night of indiscretion does a YOLO |
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I finally tried this the other day. I think that the animation on the curve is pretty cool. However, I think the site could definitely use a more prominently displayed link to the explanation of the game. Also, I still can't seem to get used to that "bits" thing, you should allow users to display the balance in the units they prefer, yes?
Thanks, yeah the game at first glance can be a bit intimidating to newcomers. However, give the "bits" thing time, and it'll grow on you. I've since switched all my bitcoin software to it, and set it as the default in blockchain.info. I find it actually quite a bit easier to work with, converting to both bitcoins and satoshis from it, is rather simple. But if you're having trouble, shiba is more than happy to help: Ryan: !convert 0.001 btc to bits
Shiba: 0.001 BTC is 1000 Bits
(and can convert arbitrary currencies to each other, and happy to convert bits to your local currency of choice) But I think we're pretty early in the transition period between moving from bitcoins to bits, and it's bound to be a little painful. A few gambling sites have already copied after moneypot, and bitpay is also transitioning too. Or in the words of our almighty leader:  |
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I would be pretty confident saying it's a human.
He seems to sleep from 18:00 to 23:00 or thereabouts. Assuming your times are UTC, and that he's sleeping 1am to 6am his time, he's 7 hours east of Greenwich, which probably puts him in China or Indonesia.
Does that fit with the IP address?
Yeah, it does. He's quite a funny user, as he never actually plays the game, nor really withdraws, however surprisingly does deposit small amounts (presumably from other faucets). I wonder if he is saving up for the YOLO of a lifetime, or simply using MP as his web-wallet-savings account |
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weird. is the site offline?
I tried to reload but still says "Connecting to server.."
Sorry about that, we were down for a few minutes while we upgraded to postgres 9.3.5. Everything is fine now. I screwed up the whole maintenance page thing, used some site's example page instead of my customized version =) |
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Hello, i have never hear of that website. i just came up with this idea while i was smoking my pipe (Tobacco)
Ah, great to hear! The creator of that project (Brian James Gaer) is a bit of a scammer, so I'm glad you're not affiliated. The best of luck with your site, it looks like a lot of fun! |
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Would this by any chance the outcome of the coinsortium project ? BTC Horse Races: this is a simulated horse racing game - where each horse is represented by a number - the starting odds change as players bet on the individual horses. Winners are paid based on the odds at the post time (when the race begins) A new game starts every 5 minutes. |
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Did you notice any performance increase after bumping up to Node v0.12, OP?
I haven't bumped to 0.12 yet, but that sounds like fun. I'll do it this week |
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Our of interest today, I had a look at our faucet stats. On a typical day, we're giving out about 1000 bits (500 faucet claims) so it has it hasn't been a big burden. However, one thing caught my eye, our most active fauceter: Here is the list of faucet claim time (and time since last claim): http://privatepaste.com/6c2fbcdda5Hard to tell if that's a bot or an insomniac |
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