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Author Topic: HungerCoins Invest: The odds are ever in your favor.  (Read 14591 times)
iamtheone (OP)
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August 30, 2012, 08:02:43 AM
Last edit: October 09, 2012, 02:42:39 AM by theymos
 #1

Hello Bitcoiners,

HungerCoins Invest - the odds are ever in your favor.

Would you bet in a lottery if you know you can't lose?

How does it work?

Just send 0.25 to 10 bitcoins to this address: 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK. Think of your transaction hash as your ticket. When this transaction is included in a block, think of the block hash as the raffle outcome. There are 5 possible outcomes:

Case 1: If the last 4 digits of the block hash is equal to the last 4 digits of the transaction hash we will send you 2,000% of your bet + your original bet.

Case 2: If the last 3 digits of the block hash is equal to the last 3 digits of the transaction hash we will send you 200% of your bet + your original bet.

Case 3: If the last 2 digits of the block hash is equal to the last 2 digits of the transaction hash we will send you 20% of your bet + your original bet.

Case 4: If the last digit of the block hash is equal to the last digit of the transaction hash we will send you 2% of your bet + your original bet.

Case 5: Any other case not in 1 to 4, we will send you 0.2% of your bet + your original bet.

There is no way you can lose.

Invalid Transactions
If you send us an amount less than 0.25 we will treat it as a donation and not send you anything back.
If you send us any amount greater then 10 bitcoins, we will send you back the amount less 0.001 bitcoin so that you will handle the transaction fee.
Only one transaction hash per ticket.

When will the winnings be sent?
For now, we will wait for 37 confirmations. We will announce if we will change it.
For now, we will wait for 38 confirmations. We will announce if we will change it.
For now, we will wait for 39 confirmations. We will announce if we will change it.
For now, we will wait for 40 confirmations. We will announce if we will change it.

Where will the winnings be sent?
We will use the first input address in the transaction information. Our official data source will be blockexplorer.com.

Which bitcoin clients can we use? Can we automate our sending process?
So far we tested it in electrum and bitcoin-qt and it works. As long as you are sure that the input address is your address, it will work.

Can you sustain it?
For now we are losing money to run this. But it's a minimal amount. We will be increasing the confirmation times until a sustainable setting is reached then we stop increasing it and monitor the market conditions to maintain competitiveness. We are just like a borrower that pays interest to those playing this game. Our competition is in the lending subforum, and we try our best to offer the best rates. Our system is automated and fast and predictable, however. Not to mention it's thrilling since you can get lucky.

Why are you doing this?
We need to maintain a floating amount to act as buffer for other operations such as the HungerCoins Lottery. The more buffer we have, we will add more to the jackpot prizes. If you are not comfortable playing this game since it will take time to get your winnings, you can play our cheap game, the HungerCoins Lottery since it is almost instant payout. And not to mention it is cheap, too. The link is: https://bitcointalk.org/index.php?topic=105396.0

Before you make a bet, please check the number of confirmations here so that you will know when you will receive your payout. We will change it at most once a day depending on the conditions.
FreeMoney
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August 30, 2012, 08:11:23 AM
 #2

You don't need people to send you that much to test your system. One cent should do fine and you'll get a lot more data for a lot less cost.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
iamtheone (OP)
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August 30, 2012, 08:13:57 AM
 #3

Through this, we will also be able to estimate the potential market at 0.25 bitcoins that's why we set it at that amount. Smiley
iamtheone (OP)
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August 30, 2012, 08:26:52 AM
 #4

Btw, I'm not sure if this should be in gambling forum. Should this be in lending or investment or somewhere else?
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August 30, 2012, 09:19:05 AM
 #5

Through this, we will also be able to estimate the potential market at 0.25 bitcoins that's why we set it at that amount. Smiley

No, you'll not have the same market size with a positive and negative EV game.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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August 30, 2012, 09:19:33 AM
 #6

Btw, I'm not sure if this should be in gambling forum. Should this be in lending or investment or somewhere else?

I say that anyone sending is taking a chance so it should stay  Tongue

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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August 30, 2012, 09:29:17 AM
 #7

sent 10x0.25 for the heck of it.
AndyRossy
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August 30, 2012, 09:49:01 AM
 #8

sent 15... lets see what happens.
iamtheone (OP)
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August 30, 2012, 09:52:58 AM
 #9

Let me know what happens. Thanks!
Fortega
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August 30, 2012, 09:53:22 AM
 #10

sent 0.25, received 0.2505  back. 'Reinvesting' the 0.25 now. :-)
At this rate, I will have BTC10 000 000 in just one year! :-p

iamtheone (OP)
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August 30, 2012, 09:54:48 AM
 #11

Lol you can't. The budget given to me is less than 1k btc until december.  Tongue
iamtheone (OP)
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August 30, 2012, 09:59:36 AM
 #12

And before that happens, I must deploy a real money making lottery with big jackpots. And some kind of time deposits but not at this rate. probably 0.6% per 24hours. But not sure yet. As long as we can sustain it, we surely will have the best offers.
iamtheone (OP)
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August 30, 2012, 10:01:02 AM
 #13

Btw, what client do you use?
Fortega
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August 30, 2012, 10:10:31 AM
 #14

Btw, what client do you use?
I sent it through the blockchain bitcoin wallet...

iamtheone (OP)
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August 30, 2012, 10:13:27 AM
 #15

Really? I never tested it. Glad to hear it's working for you.
iamtheone (OP)
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August 30, 2012, 10:54:18 AM
 #16

Signing off. I'll check back every now and then. Good luck everyone.
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August 30, 2012, 11:17:39 AM
 #17

i sent 10x0.25

i received
1x0.255
and
9x0.249

Fortega
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August 30, 2012, 12:50:22 PM
Last edit: August 30, 2012, 01:30:31 PM by Fortega
 #18

0.249? That doesn't seem correct, iamtheone...

AndyRossy
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August 30, 2012, 12:53:20 PM
 #19

I sent quite a lot, but, my client auto adds a 0.02% tx fee, so about breakeven xD

pastebin of txs

http://pastebin.com/AACJDuDa
2weiX
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August 30, 2012, 01:15:30 PM
 #20

0.249? That doesn't seem correct...

https://blockchain.info/tx-index/18538518/850b8b182498e423f6dc54f46fc53b73b29bc951b3b8613c6d6d8f0398d1d477

https://blockchain.info/tx-index/18538512/ed0b564c06471ce0663528bdec70e651c8225f08a617dcc680fc374f72d3ff39

https://blockchain.info/tx-index/18538506/f12aedea3bae6eab8b0b73bc1b2916f1a0fed6d26e42d3a80a9a21b72b4b9aa6

https://blockchain.info/tx-index/18538501/6fbc8e5d852b5cb9c2d7345ac7a7909c1f4e4b94d65485c1518fd1c36a151d88

https://blockchain.info/tx-index/18538426/ff11397121f1d959f880870cd3784a03aa31e07bd0645fbf09dd3a8056f1e7da
....
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