10 BTC Jackpot

[dollartrader]

One round at bitcoinduit has a 10BTC jackpot.  Check out http://bitcoinduit.com/rounds/27

Expires in less than 10 hours.. who is feeling lucky?

[Justin00]

Are you able to explain how the site works please ?
not sure what its all about.. but i am intrigued =)

One round at bitcoinduit has a 10BTC jackpot.  Check out http://bitcoinduit.com/rounds/27

Expires in less than 10 hours.. who is feeling lucky?

[edd]

Are you able to explain how the site works please ?
not sure what its all about.. but i am intrigued =)

One round at bitcoinduit has a 10BTC jackpot.  Check out http://bitcoinduit.com/rounds/27

Expires in less than 10 hours.. who is feeling lucky?

I'll break it down using dollartrader's Round as an example:

Round info
ROI (%):  25 
Jackpot (%):  25 
Jackpot:  10.00 
Pot:  0.42 
Minimum:  1.00 
Maximum:  1.00 
Exp. (hrs):  9.74 
Decay (%):  5 

ROI (%) = Return On Investment, refers to the amount which will be deducted from your deposit, as well as the percentage of your deposit added to the amount sent to your payout address once all the previous entries have been paid and the Pot has enough funds. For example, if I deposit 1 BTC, 25% of it goes toward the Pot and if/when my turn comes to get paid, I'll receive 1.25 BTC

Jackpot (%) = Percentage of your deposit which goes toward the Jackpot.

Jackpot = Current winnings which the last depositor will receive if no one else deposits before time runs out.

Pot = What has been accumulated so far from depositors that will go toward paying out the next investor based on the order in which they deposited. To use my previous example, if every one before me has already been paid, I can expect to be paid once this amount reaches 1.25 BTC.

Minimum = Minimum deposit required.

Maximum = Maximum deposit allowed.

Exp. (hrs) = How much time is left before the game expires, unless another deposit is made, in which case the timer resets.

Decay (%) = Percentage of time cut off the timer with each deposit.

[Justin00]

thanks for that

Inau has been helping me aswell.
Played a few rounds, tis fun =)

Just one thing I dont get... if the jackpot ses like 0.28 for e.g (http://bitcoinduit.com/rounds/95)  how much would that be ?

[edd]

thanks for that

Inau has been helping me aswell.
Played a few rounds, tis fun =)

Just one thing I dont get... if the jackpot ses like 0.28 for e.g (http://bitcoinduit.com/rounds/95)  how much would that be ?

That jackpot is currently 0.28 BTC but 5% of each additional deposit will be added to it as the game progresses.