Hello i have a question:

the 14.97 was my deposit, i have sent with the jaxx wallet an hour ago. But it seems that its not confirmed yet.. how long does this take?

Thank you very much for your response.

sidharta

Waiting for you to prove me wrong newbie.

Do not deposit any more money to this scammer.

This is what you get for trusting a noob... not even a noob, just a helper to one.. noobhelper178

I totally agree, if there was a way to edit/reset contracts, I believe there would be less scams.

I just lost about roughly 64 Ether. 

Wow can't believe I got scammed out of my Eth, and I actually defended this guy.  I'm poor and can barely afford food, thanks a lot.

noobhelper178, i msg you so how come i invested 16hours agoo and the only 3% sent to my wallet got Contract Cancelled ?  If the ether address received my fund it should return the investment....


ANd whyAddress: 0xf303bde76a36411b7c0459efdd2e5f7069964203   is receiving 99% of the deposited ether?

what's left goes to the first few investors, then amount becomes too low and stops the loop, making later investors get nothing?

is amount/33 really 3%?

Just trying to understand how this all works.

Is there a way to edit the contract?

Doc, that should be an option to reset contracts like these and refund all transactions once proven its a scam... 

Only by asking every wallet involved if they want to reset, within a certain % agrees it should proceed and refund...

Since ethereum are SMART contracts this should be a option and would bring more safety to users...

trying to use this as an example to learn how contracts work.

I believe i've identified the problem in the contract, but i would love to hear from someone who actually knows.


I think the problem is this line:

total_inv is always going to be 0.

so this basically never runs. the only investor that is paid is at id 0, the first investor. ie: the owner.

Can someone else confirm?

contract PiggyBank {

  struct InvestorArray {
      address etherAddress;
      uint amount;
  }

  InvestorArray[] public investors;

  uint public k = 0;
  uint public fees;
  uint public balance = 0;
  address public owner;

  // simple single-sig function modifier
  modifier onlyowner { if (msg.sender == owner) _ }

  // this function is executed at initialization and sets the owner of the contract
  function PiggyBank() {
    owner = msg.sender;
  }

  // fallback function - simple transactions trigger this
  function() {
    enter();
  }
  
  function enter() {
    if (msg.value < 50 finney) {
        msg.sender.send(msg.value);
        return;
    }
   
    uint amount=msg.value;


    // add a new participant to array
   uint total_inv = investors.length;
   investors.length += 1;
    investors[total_inv].etherAddress = msg.sender;
    investors[total_inv].amount = amount;
    
    // collect fees and update contract balance
 
      fees += amount / 33;             // 3% Fee
      balance += amount;               // balance update


     if (fees != 0)
     {
        if(balance>fees)
   {
         owner.send(fees);
         balance -= fees;                 //balance update
   }
     }
 

   // 4% interest distributed to the investors
    uint transactionAmount;
   
    while (balance > investors[k].amount * 3/100 && k<total_inv)  //exit condition to avoid infinite loop
    {
    
     if(k%25==0 &&  balance > investors[k].amount * 9/100)
     {
      transactionAmount = investors[k].amount * 9/100;  
      investors[k].etherAddress.send(transactionAmount);
      balance -= investors[k].amount * 9/100;                      //balance update
      }
     else
     {
      transactionAmount = investors[k].amount *3/100;  
      investors[k].etherAddress.send(transactionAmount);
      balance -= investors[k].amount *3/100;                         //balance update
      }
      
      k += 1;
    }
    
    //----------------end enter
  }



  function setOwner(address new_owner) onlyowner {
      owner = new_owner;
  }
}

is this the same as piggy coin?

AFter seeing full concept and reply , if their is no more investor then what will happen to the investor who have invested their ETH.

Most of the reply are from Newbies , this is smelling some fishy i think, and even one of the user gave a full details about the investment and it is clear that in on certain point your bank will become negative,

So now i am confirm that this is a scam scheme to scam user.

Beware users who ever is going to invest it. its a ponzi scheme to scam.

It is indeed a Ponzi, but that doesn't necessarily mean it's a scam.
The contract is viewable by the public.

You must realize that the Ponzi is fully automated, therefore as long as new investors come in everyone will get their money.

If no new users come in, the users who've already invested will not receive anything until new investors come in. That's how a Ponzi works. It takes full cooperation of everyone, and trust in the contract.

That's why I said that those who wish to continue to profit from the Piggybank should consider doing their part in introducing new investors.

Please help me i sent my eth from poloniex.
Is the contractl just send my eth back to polo cold storage? 

I sent 0.47 Ether and I have is error:Warning! An error occured during contract execution. Out Of Gas  Transaction  0x3a9c5b6325f128f11c6f5edb0d38bd3256c734526704292006fb693b60fcf270  (ready I use the wallet Jaxx andoid and there no problem  )

noobhelper178 please report that ethereumwallet It doesn't work, if you can not use the Wallet Ethereum official, Jaxx Wallet Android works good, also this the  version Jaxx Wallet IOS, Jaxx Wallet Windows and Linux, please excuse my English

I have a question for the creator, so if one were to make multiple deposits from the same ETH address, the contract would pretty much send you 3% multiple times on each of the different initial deposits is that correct?

This is wrong!

If I deposit 1,000 ETH right now, and then deposit 0.05 ETH 1,000 times from different accounts, my 1,000 ETH deposit will have been paid out 3% 1,000 times, or 30,000 ETH. Where is this money coming from?

Assuming my 1,001 deposits are the only accounts in the piggybank, that means only 1,050 has been collected yet 30,000 + %s for all the 0.05 accounts are being paid out.

to which direction wallet will deposit me the ether

where I put my wallet address?

How is the payout hierarchy?

Are people who deposited first, being paid first?

Can you explain a bit better? Where is the ETH coming from?

So you are saying that I will earn 3% on my investments every time somebody else deposits ?

Op does this mean that i will earn from this forever??

3% of 0.5 ETH or 3% of 1000 ETH?

What happens if I invest 1000 ETH and the five people after me each only invest 0.05 ETH?


I think this claim would not work?

What will happen if someone send 500 eth?