HungerCoins Invest: The odds are ever in your favor.

[iamtheone]

I totally agree. I only meant that even you split into smaller bets, you can mitigate it by using electrum and control transaction fees. I was wrong to imply the odds would increase. It will still be the same. I misunderstood the post.)

[1715540758]

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[iamtheone]

Status update:

Amount received: 3,347.57 BTC
Amount paid: 3,359.32 BTC
Number of bets paid: 973

These figures does not include the old receiving address.

[OneEyed]

Status update:

Amount received: 3,347.57 BTC
Amount paid: 3,359.32 BTC
Number of bets paid: 973

These figures does not include the old receiving address.

It would be interesting to plot the amount lent against the number of confirmations required. Having to wait for 6+ hours makes it much less exciting than it was at the beginning.

[iamtheone]

Status update:

Amount received: 3,347.57 BTC
Amount paid: 3,359.32 BTC
Number of bets paid: 973

These figures does not include the old receiving address.

It would be interesting to plot the amount lent against the number of confirmations required. Having to wait for 6+ hours makes it much less exciting than it was at the beginning.

The beginning configuration was never a sustainable setting. That was very attractive though. It must be balanced for it to self sustain.

[Gerco]

Can you give an update on the winnings that your service has paid? Have you had any 4 digit matches? 3 digit ones?

How does this service sustain itself? Logic dictates that it cannot. You always pay out more than you receive, where is that money coming from? I can't imagine the HungerCoins Lottery to be that profitable

[OneEyed]

Can you give an update on the winnings that your service has paid? Have you had any 4 digit matches? 3 digit ones?

Note that you can do that analysis yourself by looking at the service address in the blockchain.

[iamtheone]

Only up to 2 digit hits only so far.

[thirdlight]

I'm sure there's an explanation, and no reason to panic, but it seems the last payout was https://blockchain.info/tx-index/24105335/ec51778cfc1e37097a05c28828b8e7e5ec9a9ca118779e7cd87086db7bc2764b in block 198957, and there are "deposits" waiting over 60 confirmations & not yet "returned".

I would suggest not "playing" this game until the situation becomes clear.

[Shermo]

I stopped sending to this when he announced his 199k block competitions, they seemed like a very good get out... I really hope I'm wrong though, it would be nice for something not to be scam for once! But I can't imagine him fronting about 170BTC to top up that jackpot.

[jasinlee]

Agreed, I had one sent in around that time and its up to 83 confirmations. So scam accusations coming up!

[jasinlee]

Scam accusation sent.

https://bitcointalk.org/index.php?topic=109925.msg1195316#msg1195316

[fabrizziop]

lol what did everyone expect?. This seemed like he was slowly building trust to then gtfo with everybody's money.

[jasinlee]

Yeah, remember trust no one. He got away with a pretty crappy haul from the looks of it too.

[miln40]

well, I made about 0.3 BTC from it, so ha! Scammed the scammer Though it's pretty small time for a scam in my opinion. Maybe he jut has problems/gave up on it.

[OneEyed]

Maybe he jut has problems

That was my first thought: we are Sunday, OP may have a life too, and it's not like the scam would be worth it. The idea behind automatic short-term investment through regular sends is an interesting one. If OP is a scammer, then he should wait much longer to gain much more BTC from it

However, I would understand it if it was difficult to pay the announced 199 and 19.9 prices from the 199k game. But declaring a mistake and a default there is different from not returning investments. In this case, a private settlement with the bet winner to pay the prize when profits are high enough could be attempted.

[Zillions]

Aw man another tansacion not fufilled .
https://blockchain.info/tx/934384b6e4a4a7437f913093a3002478073cef93dcf81f2943306f5c11870d92
Just got up and see 96 confirmations. Ugh I shouldda known this gambling was going to bite me eventually.

Hopefully he's just having problems buying bit coins due to the jump in price this weekend.

[OneEyed]

Aw man another tansacion not fufilled .
https://blockchain.info/tx/934384b6e4a4a7437f913093a3002478073cef93dcf81f2943306f5c11870d92
Just got up and see 96 confirmations. Ugh I knew this gambling was going to bite me eventually.

If the software has crashed or is not running, then no transactions are going to go through. This is an all-or-nothing gamble here

[Bitmono]

https://blockchain.info/address/16eH3c4sj3LAHiXnh7CjdSAWaM6BSeoeFC

With a system like this, he managed to get less than 115 bitcoins in total. Surely not the best scammer in the world, if one.

[nimda]

Don't say I didn't warn you

[salfter]

92 confirmations so far, and no payback:

https://blockchain.info/tx/872157ad8d847e30afe5314232614dc423eea734da4b532e34e8888aad1f3855

This was after a few transactions that paid back after fewer than 40 confirmations. Still hoping this will be resolved satisfactorily. Hope this doesn't turn out to have been a scam.