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Long-time Bitcoin fan and I've read the forums here a bit before, but just creating an account now. My reason for doing so is to tell you all about the brand new Bitcoin payout site I've just now launched at CoinFount.com. Here's "How it works":
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CoinFount is an extremely simple game of skill and strategy. All you have to do is pay-in .01 BTC, and if you win, your payout is .1 BTC – a tenfold gain. The strategic challenge is to be the one to push the pot to the threshold of .11 BTC. There are 2 strategic factors to consider: timing and amount.
If your pay-in is the default .01 BTC minimum, you will use your best judgment to determine whether the timing of your pay-in is likely to push the pot to the threshold and win it all. For example, if you think the pot is already at .1 BTC, your pay-in of .01 BTC would win a minimum payout of .1 BTC, and a minimum profit of .09 BTC.
Or, your pay-in can exceed the default .01 BTC minimum (by making payment directly from Coinbase to 17pYhDcihuF2iHQCHRnGNdvY4TMb6dG6oD), in an attempt to leverage the amount of your pay-in to push the pot to the threshold and win it all. For example, if you think the pot is already at least .02 BTC, your pay-in of .09 BTC would win a minimum payout of .1 BTC, and a minimum profit of .01 BTC. In this scenario, if the pot was actually already at .1 BTC, your pay-in of .09 BTC would win a payout of .18 BTC, and a profit of .09 BTC, since you get the overages back too. (NOTE: if you use this strategy, we recommend a maximum equal to the threshold of .11 BTC per pot as any higher value is statistically irrelevant.)
For each pot of .11 BTC, CoinFount keeps .01 BTC to help pay for things like server costs.
The exact transactions and size/amount of the current pot can’t be shown before the threshold/payout is reached because that would defeat the purpose. Both will be shown *after* the threshold/payout is reached, in the “Most recent payouts & transactions” area.
If you're up for it, I'd love for you to try it out and give me your feedback. All you have to do is use the "Pay With Bitcoin" button on the homepage to pay .01 BTC from your Coinbase account. You'll then see if you've won the pot. I'd love to hear your thoughts. Thanks for reading!If your pay-in is the default .01 BTC minimum, you will use your best judgment to determine whether the timing of your pay-in is likely to push the pot to the threshold and win it all. For example, if you think the pot is already at .1 BTC, your pay-in of .01 BTC would win a minimum payout of .1 BTC, and a minimum profit of .09 BTC.
Or, your pay-in can exceed the default .01 BTC minimum (by making payment directly from Coinbase to 17pYhDcihuF2iHQCHRnGNdvY4TMb6dG6oD), in an attempt to leverage the amount of your pay-in to push the pot to the threshold and win it all. For example, if you think the pot is already at least .02 BTC, your pay-in of .09 BTC would win a minimum payout of .1 BTC, and a minimum profit of .01 BTC. In this scenario, if the pot was actually already at .1 BTC, your pay-in of .09 BTC would win a payout of .18 BTC, and a profit of .09 BTC, since you get the overages back too. (NOTE: if you use this strategy, we recommend a maximum equal to the threshold of .11 BTC per pot as any higher value is statistically irrelevant.)
For each pot of .11 BTC, CoinFount keeps .01 BTC to help pay for things like server costs.
The exact transactions and size/amount of the current pot can’t be shown before the threshold/payout is reached because that would defeat the purpose. Both will be shown *after* the threshold/payout is reached, in the “Most recent payouts & transactions” area.
