The IP is still located in Blacktown, New South Wales, Australia (afaik).

I'm aware of two changes going on at CryptoXChange that may or may not be a cause:

1. Their launch of MrBitcoins
2. Fixing the Order Matching Engine ( I notified them of a serious design flaw (bad code/bug) which they supposedly are fixing since last week. )

CryptoXChange hasn't been very active on these forums lately.

Hello cgpgroup,

Are the new changes implemented yet?

I used the http://mycryptcoin.com/?rid=1AaEsKbEQqaaomybYT7P8YUydSsUyovT7k faucet to get it started. I will probably continue to use the faucet to add to the wallet.

Nice idea, bitcoin.me. How would you adjust the odds when/if they changed?

Losing 30% on every transaction will send the business to the poor house in a very short time. Unless, the 30% FB fee only applies when cashing out?
 

Hello Luceo,

I like your idea of trading Eveonline GTC (ETC). This type of trade isn't in violation of CCP's EULA since it's an out-of-game item, right?

[Block Games] Bitcoin Wallet Auction + Kickbacks (Balance= 1 BTC, Highest Bid= 0.30)
Play for Fun & Profits!

BTC Wallet: 1EkXYzFMiHgHDenrjZVcpLYXwiL4aNWye8
Updated: Block 187938
Wallet Balance: 1.00 BTC
Largest bet: 0.30 BTC
Ending Block: 188000
Results Thread: https://bitcointalk.org/index.php?topic=91137.0

The largest confirmed transaction into the pot from now until we reach the Ending Block# 188000 wins all the Bitcoins deposited into the wallet!
(Minus the Kickback Pot and my fee)

It is that simple, Guys. It is an All-Pay Auction with an early bidder incentive.

Auction Rules

• The Jackpot is 90% of the total amount deposited into the wallet.
• The Kickback Pot is 5% of the total amount deposited into the wallet.
• My take is 5%.
• There is no maximum bet size, so bet as much and as often as you like.
• All payouts will go to the same address the transfer came from approximately 24 hours after Block #188001.
• Any transfers into this wallet after the Ending Block will be considered a donation.
• I will make donations out of my fee.

Kickback Pot Rules
-Each bet has a chance of getting shares.
-Shares per bet is (Bet Block - Ending Block)
-Each share is worth (Kickback Pot)/(Total Shares)

• The following 3 criteria must me met to receive shares of the Kickback pot:
• 1. The bet doesn't win the Auction.
• 2. It was the highest bet included in a block prior to the Ending Block.
• 3. Ensuing block has a higher bet.

Winning and payout Example:
Player A Bets: 10 BTC Included in Block 187100
Player B Bets: 20 BTC Included in Block 187300
Player C Bets: 30 BTC Included in Block 187300
Player D Bets: 40 BTC Included in Block 188000

Total Deposits= 100 BTC
Kickback Pot = 5 BTC
Total Shares = 1600

The Winner would be Person D.
Player D gets 90 BTC
Player A gets 2.8125 BTC (900 shares x 0.003125)
Player C gets 2.1875 BTC (700 shares x 0.003125)
Player B gets 0 BTC (outbid in same block)

Frequently Asked Questions (FAQs)
Q1: What if there are two or more transfers with the highest amount?
A1: Equal split for the winners.

Q2: What happens to my BTC if someone makes a bigger transfer into the wallet?
A2: You lose them but you might have a chance to win kickbacks.

Q3: Why are you complicating the auction with shares?
Q3: As a reward for early bets because the previous auction had no incentive making sniping the optimal strategy. Unfortunately the Ending Block was found in the middle of the night when the potential players where asleep.

Q3: Where is the wallet located?
A3: Cold Storage

Q4: Do I need to post here after I make the transfer?
A4: Posting is not required, the blockchain is proof.

Q5: Is there a minimum bet increment?
A5: No

Q6: You've been registered on this forum since January, how come don't have many posts?
A6: I like to read more than I like to post.

Q7: Who covers the transaction fee of the jackpot?
A7: I will pay the outgoing fees.

Q8: What is the minimum bet size?
A8: 1 Satoshi although you won't win.

Q9: Why did you make small deposits before the auction started?
A9: It's how I start up the pot.

Q10: Can I use a bot?
A10: Yes, use whatever programs or websites you like.

Q11: I have other questions.
A11: You can PM me or post them here.

Previous Auction: https://bitcointalk.org/index.php?topic=88961.0

Comments, questions, and suggestions are welcomed!

Cheers and Good Luck!

EnergyVampire

Very nice, Nejc Kodrič !

Subscribing

Added to Watchlist: https://bitcointalk.org/index.php?topic=90136.0

Some interesting links:

https://github.com/bitfloor

https://github.com/shtylman

http://www.marketcetera.com

http://fixprotocol.org/

http://www.interactivebrokers.com/en/software/api/api.htm

LOL!

Btw, I thought they couldn't use computers? So SneakerNetBitcoins??

Very nice job, rjk!

Do you also work on the bitcoin.it wiki?

sub

Added to Watchlist: https://bitcointalk.org/index.php?topic=90136.0

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Added to Watchlist: https://bitcointalk.org/index.php?topic=90136.0

Wow, nice!

What is the total hashrate?

Do you live in Italy or are you traveling?

Can you go into a little more detail about your trading platform? Did you write the code in-house, open source, etc.?

+1

What if..... instead of using solar power in a 3rd World Country (Developing Nation), they daisy chain a bunch of stationary bicycles (Human Power Generator)?

So traders using your exchange are trading against the bitdaytrade.com?