HungerCoins Invest: The odds are ever in your favor.

[OneEyed]

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?

No. I am ok with asserting some facts (my loans have been returned so far with the expected added amount, including several loans of 10 BTC), but I will not help people to send money to an unknown person who refuses to indicate who he represents or to give any guarantee that he won't run with the money (that could be done by escrowing some BTC with a trusted public person).

[1713892487]

1713892487

[1713892487]

1713892487

[1713892487]

1713892487

[1713892487]

1713892487

[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?

No. I am ok with asserting some facts (my loans have been returned so far with the expected added amount, including several loans of 10 BTC), but I will not help people to send money to an unknown person who refuses to indicate who he represents or to give any guarantee that he won't run with the money (that could be done by escrowing some BTC with a trusted public person).

Fair enough.

[OneEyed]

I just received a payout after 30 confirmations only. Is that expected?

Edit: never mind, blockchain.info is lagging 7 blocks behind, false alert

[Zillions]

Whoa! Can anyone explain to me what happened in this transacion I only sent 0.25BTC
https://blockchain.info/tx/1188ffc9c821717fcd5dd2e5c71c7e51ea3dd155e0686d11cb566b1b17cb2f90
Looks like HungerCoins just got a spitload of donations.

[JoelKatz]

Whoa! Can anyone explain to me what happened in this transacion I only sent 0.25BTC
https://blockchain.info/tx/1188ffc9c821717fcd5dd2e5c71c7e51ea3dd155e0686d11cb566b1b17cb2f90
Looks like HungerCoins just got a spitload of donations.

It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions.

[dooglus]

Whoa! Can anyone explain to me what happened in this transacion I only sent 0.25BTC
https://blockchain.info/tx/1188ffc9c821717fcd5dd2e5c71c7e51ea3dd155e0686d11cb566b1b17cb2f90
Looks like HungerCoins just got a spitload of donations.

It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions.

It also looks like your client paid less than the minimum standard fee.  What client did you use?

[Zillions]

It also looks like your client paid less than the minimum standard fee.  What client did you use?

blockchain.info/wallet

[miln40]

Worked fine for my 1 BTC with transactions on time.

[OneEyed]

Whoa! Can anyone explain to me what happened in this transacion I only sent 0.25BTC
https://blockchain.info/tx/1188ffc9c821717fcd5dd2e5c71c7e51ea3dd155e0686d11cb566b1b17cb2f90
Looks like HungerCoins just got a spitload of donations.

It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions.

Armory does that too, although if I remember the code correctly it limits itself to 5 inputs. Since the input addresses are all the same, this does not taint any address more than would have been with the original transaction.

[Shermo]

Got my first match, only the last character though so 2% payback

Payment:
https://blockchain.info/tx/a9ec05de08c2748579f98ffb80c34e8527e627191bdb96726b6abdd2cf7e3798

Return:
https://blockchain.info/tx/f65baa369911865d8341f418c13b1fbac737aac99577318cd8e6ada745552a70

[iamtheone]

Got my first match, only the last character though so 2% payback

Payment:
https://blockchain.info/tx/a9ec05de08c2748579f98ffb80c34e8527e627191bdb96726b6abdd2cf7e3798

Return:
https://blockchain.info/tx/f65baa369911865d8341f418c13b1fbac737aac99577318cd8e6ada745552a70

Nice How many times you bet before getting it?

[Shermo]

I'd have to check when I get home, but I think around 12 times? So I guess roughly close to the odds 1/16

I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.

[OneEyed]

I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.

Also, it will be 2% of a smaller amount, and won't change anything on the long term.

[miln40]

Ooooh, it's from Hunger Games, this thing with the odds! It was really ringing a bell in my mind =]

[Shermo]

Also, it will be 2% of a smaller amount, and won't change anything on the long term.

Thats also true, hence why I've just been rolling my small gambling pot through it a couple times a day and eventually hit a match after a few days

[iamtheone]

I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.

Also, it will be 2% of a smaller amount, and won't change anything on the long term.

Actually it will, just a little. Eventually you will hit 3 or 4 digits. It's just a matter of time
And you can use electrum and lessen the transaction fees.

[OneEyed]

I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.

Also, it will be 2% of a smaller amount, and won't change anything on the long term.

Actually it will, just a little. Eventually you will hit 3 or 4 digits. It's just a matter of time

What do you mean? Isn't the expected value this one?

Code:

20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%

How would splitting into smaller amount help at increasing the expected value?

[Fortega]

Code:

20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%

Should be

Code:

20 * 1/65536 + 2*15/65536 + 0.2*(256-16)*65536 + ...

[OneEyed]

Code:

20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%

Should be

Code:

20 * 1/65536 + 2*15/65536 + 0.2*(256-16)*65536 + ...

You're right:

Code:

20 * 1/65536 + 2 * 15/65536 + 0.2 * 240/65536 + 0.02 * 3840/65536 + 0.002 * 61440/65536 = 3721/819200 ~ 0.4542%

Is it better?

[Fortega]

Yup, better
And you are right: splitting it in smaller values does not increase the avg percentage. It only reduces variance a bit.