HungerCoins Invest: The odds are ever in your favor.

[miln40]

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

[OneEyed]

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

With 16 hexadecimal digits in every position, you have one chance out of 16 to have one matching digit, 1/256 for two matching digits, 1/4096 for three, 1/65536 for four.

[iamtheone]

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

Remember that you'll still win even if you totally miss. Think of it as a micro time deposit. Every once in a while you'll get lucky and hit bigger.

[dooglus]

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

Remember that you'll still win even if you totally miss. Think of it as a micro time deposit. Every once in a while you'll get lucky and hit bigger.

Each extra digit you match increases your profit by a factor of 10, whereas the difficulty of doing so increases by a factor of 16.  But since it's all free money we can't really complain that the difficulty increases faster than the payout.  (Not until they run off with our deposits, anyway )

[Shermo]

Sent 0.25 and got 0.2505 back Sent another one in just now... just need to wait about 6 hours, although I haven't won big checking the details on blockchain... oh well!

[iamtheone]

Will give a 0.25 BTC a spin with this and report back.

How did it go?

[FLHippy]

Hello Bitcoiners,

HungerCoins Invest - the odds are ever in your favor.

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

I really felt that in order to become accepted in this forum I needed to become the victim of a ponzi scheme. This being a super obvious ponzi, I sent my .25 and was disappointed to get back .2505. So I sent 2.25.. A small price to pay to wear that victim badge. But GOD DAMN IT! I got back 2.2545!!!!

WTF!

Could you please tell me when this is about to come crashing down so I can get my victim of a ponzi scheme merrit badge?

Thank you.

[Shermo]

Sent 0.95BTC, just got 0.9519 back about 6 hours later Maybe the idea is eventually everyone will be sending in the full 10BTC and then WHAM money gone...? Or maybe he genuinely has some sort of business case..?

[gbl08ma]

I agree this sounds phishy but if they were to run with the money like that, they could accept higher deposits, like 100 BTC. Since they can only run with the money once, they better do it with a large amount (i.e. take more than 10 BTC, if they can).

This means the trick must be somewhere else

[OneEyed]

Sent 0.95BTC, just got 0.9519 back about 6 hours later Maybe the idea is eventually everyone will be sending in the full 10BTC and then WHAM money gone...? Or maybe he genuinely has some sort of business case..?

I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time

[Shermo]

I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time

Thats good to know Has anyone managed to match 1 or more digits yet?

[OneEyed]

I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time

Thats good to know Has anyone managed to match 1 or more digits yet?

Yes, I've had one matching digit several times, but never two matching ones.

[md2k7]

Earned 0.0005 BTC... Thanks.

[dooglus]

Sent 0.95BTC, just got 0.9519 back about 6 hours later Maybe the idea is eventually everyone will be sending in the full 10BTC and then WHAM money gone...? Or maybe he genuinely has some sort of business case..?

I tried with 5 BTC then 10 BTC and both came back:

[iamtheone]

Could you please tell me when this is about to come crashing down so I can get my victim of a ponzi scheme merrit badge?

You can keep on trying but you'll not get your badge. 

[iamtheone]

I agree this sounds phishy but if they were to run with the money like that, they could accept higher deposits, like 100 BTC. Since they can only run with the money once, they better do it with a large amount (i.e. take more than 10 BTC, if they can).

This means the trick must be somewhere else

There are no tricks. For now everytime you bet, we lose, you win. When the confirmation reaches somewhere near 100, by then, you bet, you win, we still win.

[Zillions]

See that's just what I'm not getting is this a method just so you can have a slush fund? IE are you just storing the coins and not doing anything with them? Like having a casino and needing to have enough on hand reserve funds to cover all bets.

Or are you lending them out or using them some "investment" but paying them back regardless how your investment goes?

I've been cycling my last 0.25BTC over and over even once got back a match aparently since I got 0.255BTC.
So if your about to run out of funds can you let us know ahead of time? If i recall correctly you only had 2k to test with have we even hit the halfway point yet?

[Edit]: Doh never went back to the original post aparently yeah you've updated a bunch of info including the buffer to answer my question ahead of time before i even asked it

[iamtheone]

See that's just what I'm not getting is this a method just so you can have a slush fund? IE are you just storing the coins and not doing anything with them? Like having a casino and needing to have enough on hand reserve funds to cover all bets.

Or are you lending them out or using them some "investment" but paying them back regardless how your investment goes?

I've been cycling my last 0.25BTC over and over even once got back a match aparently since I got 0.255BTC.
So if your about to run out of funds can you let us know ahead of time? If i recall correctly you only had 2k to test with have we even hit the halfway point yet?

LOL so very far from halfway. Not even 2% for my total budget. I'm almost so sure this will run until december. Only a long string of unfortunate events will stop this. And if that happens, we will shutdown at the moment we can't pay anymore (after proper announcements of course).

If all goes well, let's see what happens after december.

[iamtheone]

I've been cycling my last 0.25BTC over and over even once got back a match aparently since I got 0.255BTC.

Someone sent an amount less 0.25 about 12 confirmations ago. I hope it's not you. That's considered a donation. If it's you, thanks!

[iamtheone]

I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time

Care to teach everyone how to automate the betting?