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Author Topic: [ETH] PiggyBank - Earn Ethereum Forever!  (Read 6026 times)
noobhelper178 (OP)
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March 24, 2016, 10:00:14 AM
Last edit: March 29, 2016, 11:55:21 AM by noobhelper178
 #1

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noobhelper178 (OP)
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March 24, 2016, 10:14:16 AM
Last edit: March 29, 2016, 11:55:29 AM by noobhelper178
 #2

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m4nki
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March 24, 2016, 10:56:38 AM
 #3

What happens if I invest 1000 ETH and the five people after me each only invest 0.05 ETH?

Quote
After 5 investors, you will earn 15% profit!
● After 50 investors, you will earn 150% profit!
● After 500 investors, you will earn 1500% profit!
● If you have a 25th spot, then you earn 3x more, so after
500 investors you will earn 4500% profit!

I think this claim would not work?


noobhelper178 (OP)
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March 24, 2016, 12:36:01 PM
 #4

What happens if I invest 1000 ETH and the five people after me each only invest 0.05 ETH?

Quote
After 5 investors, you will earn 15% profit!
● After 50 investors, you will earn 150% profit!
● After 500 investors, you will earn 1500% profit!
● If you have a 25th spot, then you earn 3x more, so after
500 investors you will earn 4500% profit!

I think this claim would not work?



You get paid 3% every single time, after each investor. The contract gets triggered after each deposit.

So that means that you earn 15% profit after the 5 investors, that is sent to you instantly.

Until the Balance is higher than 0 , payments will go out!

And it is sustainable for the long term.
m4nki
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March 24, 2016, 12:40:58 PM
 #5

3% of 0.5 ETH or 3% of 1000 ETH?

noobhelper178 (OP)
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March 24, 2016, 12:54:30 PM
 #6

3% of 0.5 ETH or 3% of 1000 ETH?

3% of the 1000 ETH, every one gets 3% of the money they invested.

Every 25th investor earns 9%, that is the jackpot position.
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March 24, 2016, 01:05:26 PM
 #7

This is awesome, i`m gonna buy ethereum soon and invest in this Cheesy

So you are saying that I will earn 3% on my investments every time somebody else deposits ?
clangtrump
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March 24, 2016, 01:25:34 PM
 #8

Interesting, i`m getting paid tomorrow, so i`ll just buy ethereum and invest in this.

I would like a ethereum income for myself, and this looks perfect.

----------------------------------------------------------------------------------------

Op does this mean that i will earn from this forever??
noobhelper178 (OP)
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March 24, 2016, 02:01:12 PM
 #9


So you are saying that I will earn 3% on my investments every time somebody else deposits ?


Op does this mean that i will earn from this forever??

Yes, you will earn 3% everytime somebody deposits after you, which will last forever!
jmendozaf
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March 24, 2016, 02:54:47 PM
 #10

where I put my wallet address? Huh
m4nki
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March 24, 2016, 02:55:41 PM
 #11

Quote
Until the Balance is higher than 0 , payments will go out!

How is the payout hierarchy?

Are people who deposited first, being paid first?

merelcoin
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March 24, 2016, 03:07:37 PM
 #12

Can you explain a bit better? Where is the ETH coming from?

user 1 deposits 100 ETH to the address (nowholding 100 ETH) we have to pay 0 users 3 ETH, so we substract 0 from 100, so the address now holds 100
user 2 deposits 100 ETH to the address (nowholding 200 ETH) we have to pay 1 users 3 ETH, so we substract 3 from 200, so the address now holds 197
user 3 deposits 100 ETH to the address (nowholding 297 ETH) we have to pay 2 users 3 ETH, so we substract 6 from 297, so the address now holds 291
user 4 deposits 100 ETH to the address (nowholding 391 ETH) we have to pay 3 users 3 ETH, so we substract 9 from 391, so the address now holds 382
user 5 deposits 100 ETH to the address (nowholding 482 ETH) we have to pay 4 users 3 ETH, so we substract 12 from 482, so the address now holds 470
user 6 deposits 100 ETH to the address (nowholding 570 ETH) we have to pay 5 users 3 ETH, so we substract 15 from 570, so the address now holds 555
user 7 deposits 100 ETH to the address (nowholding 655 ETH) we have to pay 6 users 3 ETH, so we substract 18 from 655, so the address now holds 637
user 8 deposits 100 ETH to the address (nowholding 737 ETH) we have to pay 7 users 3 ETH, so we substract 21 from 737, so the address now holds 716
user 9 deposits 100 ETH to the address (nowholding 816 ETH) we have to pay 8 users 3 ETH, so we substract 24 from 816, so the address now holds 792
user 10 deposits 100 ETH to the address (nowholding 892 ETH) we have to pay 9 users 3 ETH, so we substract 27 from 892, so the address now holds 865
user 11 deposits 100 ETH to the address (nowholding 965 ETH) we have to pay 10 users 3 ETH, so we substract 30 from 965, so the address now holds 935
user 12 deposits 100 ETH to the address (nowholding 1035 ETH) we have to pay 11 users 3 ETH, so we substract 33 from 1035, so the address now holds 1002
user 13 deposits 100 ETH to the address (nowholding 1102 ETH) we have to pay 12 users 3 ETH, so we substract 36 from 1102, so the address now holds 1066
user 14 deposits 100 ETH to the address (nowholding 1166 ETH) we have to pay 13 users 3 ETH, so we substract 39 from 1166, so the address now holds 1127
user 15 deposits 100 ETH to the address (nowholding 1227 ETH) we have to pay 14 users 3 ETH, so we substract 42 from 1227, so the address now holds 1185
user 16 deposits 100 ETH to the address (nowholding 1285 ETH) we have to pay 15 users 3 ETH, so we substract 45 from 1285, so the address now holds 1240
user 17 deposits 100 ETH to the address (nowholding 1340 ETH) we have to pay 16 users 3 ETH, so we substract 48 from 1340, so the address now holds 1292
user 18 deposits 100 ETH to the address (nowholding 1392 ETH) we have to pay 17 users 3 ETH, so we substract 51 from 1392, so the address now holds 1341
user 19 deposits 100 ETH to the address (nowholding 1441 ETH) we have to pay 18 users 3 ETH, so we substract 54 from 1441, so the address now holds 1387
user 20 deposits 100 ETH to the address (nowholding 1487 ETH) we have to pay 19 users 3 ETH, so we substract 57 from 1487, so the address now holds 1430
user 21 deposits 100 ETH to the address (nowholding 1530 ETH) we have to pay 20 users 3 ETH, so we substract 60 from 1530, so the address now holds 1470
user 22 deposits 100 ETH to the address (nowholding 1570 ETH) we have to pay 21 users 3 ETH, so we substract 63 from 1570, so the address now holds 1507
user 23 deposits 100 ETH to the address (nowholding 1607 ETH) we have to pay 22 users 3 ETH, so we substract 66 from 1607, so the address now holds 1541
user 24 deposits 100 ETH to the address (nowholding 1641 ETH) we have to pay 23 users 3 ETH, so we substract 69 from 1641, so the address now holds 1572
user 25 deposits 100 ETH to the address (nowholding 1672 ETH) we have to pay 24 users 3 ETH, so we substract 72 from 1672, so the address now holds 1600
user 26 deposits 100 ETH to the address (nowholding 1700 ETH) we have to pay 25 users 3 ETH, so we substract 75 from 1700, so the address now holds 1625
user 27 deposits 100 ETH to the address (nowholding 1725 ETH) we have to pay 26 users 3 ETH, so we substract 78 from 1725, so the address now holds 1647
user 28 deposits 100 ETH to the address (nowholding 1747 ETH) we have to pay 27 users 3 ETH, so we substract 81 from 1747, so the address now holds 1666
user 29 deposits 100 ETH to the address (nowholding 1766 ETH) we have to pay 28 users 3 ETH, so we substract 84 from 1766, so the address now holds 1682
user 30 deposits 100 ETH to the address (nowholding 1782 ETH) we have to pay 29 users 3 ETH, so we substract 87 from 1782, so the address now holds 1695
user 31 deposits 100 ETH to the address (nowholding 1795 ETH) we have to pay 30 users 3 ETH, so we substract 90 from 1795, so the address now holds 1705
user 32 deposits 100 ETH to the address (nowholding 1805 ETH) we have to pay 31 users 3 ETH, so we substract 93 from 1805, so the address now holds 1712
user 33 deposits 100 ETH to the address (nowholding 1812 ETH) we have to pay 32 users 3 ETH, so we substract 96 from 1812, so the address now holds 1716
user 34 deposits 100 ETH to the address (nowholding 1816 ETH) we have to pay 33 users 3 ETH, so we substract 99 from 1816, so the address now holds 1717
user 35 deposits 100 ETH to the address (nowholding 1817 ETH) we have to pay 34 users 3 ETH, so we substract 102 from 1817, so the address now holds 1715
user 36 deposits 100 ETH to the address (nowholding 1815 ETH) we have to pay 35 users 3 ETH, so we substract 105 from 1815, so the address now holds 1710
user 37 deposits 100 ETH to the address (nowholding 1810 ETH) we have to pay 36 users 3 ETH, so we substract 108 from 1810, so the address now holds 1702
user 38 deposits 100 ETH to the address (nowholding 1802 ETH) we have to pay 37 users 3 ETH, so we substract 111 from 1802, so the address now holds 1691
user 39 deposits 100 ETH to the address (nowholding 1791 ETH) we have to pay 38 users 3 ETH, so we substract 114 from 1791, so the address now holds 1677
user 40 deposits 100 ETH to the address (nowholding 1777 ETH) we have to pay 39 users 3 ETH, so we substract 117 from 1777, so the address now holds 1660
user 41 deposits 100 ETH to the address (nowholding 1760 ETH) we have to pay 40 users 3 ETH, so we substract 120 from 1760, so the address now holds 1640
user 42 deposits 100 ETH to the address (nowholding 1740 ETH) we have to pay 41 users 3 ETH, so we substract 123 from 1740, so the address now holds 1617
user 43 deposits 100 ETH to the address (nowholding 1717 ETH) we have to pay 42 users 3 ETH, so we substract 126 from 1717, so the address now holds 1591
user 44 deposits 100 ETH to the address (nowholding 1691 ETH) we have to pay 43 users 3 ETH, so we substract 129 from 1691, so the address now holds 1562
user 45 deposits 100 ETH to the address (nowholding 1662 ETH) we have to pay 44 users 3 ETH, so we substract 132 from 1662, so the address now holds 1530
user 46 deposits 100 ETH to the address (nowholding 1630 ETH) we have to pay 45 users 3 ETH, so we substract 135 from 1630, so the address now holds 1495
user 47 deposits 100 ETH to the address (nowholding 1595 ETH) we have to pay 46 users 3 ETH, so we substract 138 from 1595, so the address now holds 1457
user 48 deposits 100 ETH to the address (nowholding 1557 ETH) we have to pay 47 users 3 ETH, so we substract 141 from 1557, so the address now holds 1416
user 49 deposits 100 ETH to the address (nowholding 1516 ETH) we have to pay 48 users 3 ETH, so we substract 144 from 1516, so the address now holds 1372
user 50 deposits 100 ETH to the address (nowholding 1472 ETH) we have to pay 49 users 3 ETH, so we substract 147 from 1472, so the address now holds 1325
user 51 deposits 100 ETH to the address (nowholding 1425 ETH) we have to pay 50 users 3 ETH, so we substract 150 from 1425, so the address now holds 1275
user 52 deposits 100 ETH to the address (nowholding 1375 ETH) we have to pay 51 users 3 ETH, so we substract 153 from 1375, so the address now holds 1222
user 53 deposits 100 ETH to the address (nowholding 1322 ETH) we have to pay 52 users 3 ETH, so we substract 156 from 1322, so the address now holds 1166
user 54 deposits 100 ETH to the address (nowholding 1266 ETH) we have to pay 53 users 3 ETH, so we substract 159 from 1266, so the address now holds 1107
user 55 deposits 100 ETH to the address (nowholding 1207 ETH) we have to pay 54 users 3 ETH, so we substract 162 from 1207, so the address now holds 1045
user 56 deposits 100 ETH to the address (nowholding 1145 ETH) we have to pay 55 users 3 ETH, so we substract 165 from 1145, so the address now holds 980
user 57 deposits 100 ETH to the address (nowholding 1080 ETH) we have to pay 56 users 3 ETH, so we substract 168 from 1080, so the address now holds 912
user 58 deposits 100 ETH to the address (nowholding 1012 ETH) we have to pay 57 users 3 ETH, so we substract 171 from 1012, so the address now holds 841
user 59 deposits 100 ETH to the address (nowholding 941 ETH) we have to pay 58 users 3 ETH, so we substract 174 from 941, so the address now holds 767
user 60 deposits 100 ETH to the address (nowholding 867 ETH) we have to pay 59 users 3 ETH, so we substract 177 from 867, so the address now holds 690
user 61 deposits 100 ETH to the address (nowholding 790 ETH) we have to pay 60 users 3 ETH, so we substract 180 from 790, so the address now holds 610
user 62 deposits 100 ETH to the address (nowholding 710 ETH) we have to pay 61 users 3 ETH, so we substract 183 from 710, so the address now holds 527
user 63 deposits 100 ETH to the address (nowholding 627 ETH) we have to pay 62 users 3 ETH, so we substract 186 from 627, so the address now holds 441
user 64 deposits 100 ETH to the address (nowholding 541 ETH) we have to pay 63 users 3 ETH, so we substract 189 from 541, so the address now holds 352
user 65 deposits 100 ETH to the address (nowholding 452 ETH) we have to pay 64 users 3 ETH, so we substract 192 from 452, so the address now holds 260
user 66 deposits 100 ETH to the address (nowholding 360 ETH) we have to pay 65 users 3 ETH, so we substract 195 from 360, so the address now holds 165
user 67 deposits 100 ETH to the address (nowholding 265 ETH) we have to pay 66 users 3 ETH, so we substract 198 from 265, so the address now holds 67
user 68 deposits 100 ETH to the address (nowholding 167 ETH) we have to pay 67 users 3 ETH, so we substract 201 from 167, so the address now holds -34
user 69 deposits 100 ETH to the address (nowholding 66 ETH) we have to pay 68 users 3 ETH, so we substract 204 from 66, so the address now holds -138
noobhelper178 (OP)
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March 24, 2016, 04:14:52 PM
 #13

where I put my wallet address? Huh

What do you mean, i dont understand

Quote
Until the Balance is higher than 0 , payments will go out!

How is the payout hierarchy?

Are people who deposited first, being paid first?

Yes, the order of payment is the order of deposit.

The those that deposited first get paid first, and so it goes on.

But everyone gets paid  after more people deposit.

Can you explain a bit better? Where is the ETH coming from?


Deposit amounts arent equal, and after the balance goes to 0, which will be very far in the future, it just pauses the system until more people deposit.

So if the system has to payout 100 ether to an investor in the line and there is only 10 ether in balance, then it waits for another 90 ether, and then it will be paid out

You can track deposits/payouts here:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3
jmendozaf
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March 24, 2016, 04:35:30 PM
 #14

to which direction wallet will deposit me the ether Huh
BetGod
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March 24, 2016, 04:36:04 PM
 #15


So you are saying that I will earn 3% on my investments every time somebody else deposits ?


Op does this mean that i will earn from this forever??

Yes, you will earn 3% everytime somebody deposits after you, which will last forever!

Yes that is what i thought, it's awesome, can't wait to invest in this Wink
noobhelper178 (OP)
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March 24, 2016, 04:38:32 PM
 #16

to which direction wallet will deposit me the ether Huh

The profits will be sent back to the address you deposited from

You can see all transactions here, everyone got paid:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3#internaltx

clangtrump
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March 24, 2016, 06:16:01 PM
 #17


So you are saying that I will earn 3% on my investments every time somebody else deposits ?


Op does this mean that i will earn from this forever??

Yes, you will earn 3% everytime somebody deposits after you, which will last forever!
Ok thanks, tomorrow i`ll invest after i buy some eth, it will be exciting!
houseo
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March 24, 2016, 06:37:56 PM
 #18

3% of 0.5 ETH or 3% of 1000 ETH?

3% of the 1000 ETH, every one gets 3% of the money they invested.

Every 25th investor earns 9%, that is the jackpot position.

This is wrong!

If I deposit 1,000 ETH right now, and then deposit 0.05 ETH 1,000 times from different accounts, my 1,000 ETH deposit will have been paid out 3% 1,000 times, or 30,000 ETH. Where is this money coming from?

Assuming my 1,001 deposits are the only accounts in the piggybank, that means only 1,050 has been collected yet 30,000 + %s for all the 0.05 accounts are being paid out.
noobhelper178 (OP)
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March 24, 2016, 06:42:19 PM
 #19

3% of 0.5 ETH or 3% of 1000 ETH?

3% of the 1000 ETH, every one gets 3% of the money they invested.

Every 25th investor earns 9%, that is the jackpot position.

This is wrong!

If I deposit 1,000 ETH right now, and then deposit 0.05 ETH 1,000 times from different accounts, my 1,000 ETH deposit will have been paid out 3% 1,000 times, or 30,000 ETH. Where is this money coming from?

Assuming my 1,001 deposits are the only accounts in the piggybank, that means only 1,050 has been collected yet 30,000 + %s for all the 0.05 accounts are being paid out.

The money comes from new investors, so make sure you invest early, we are before the 25th investor.

If you get the 25th spot, then you will earn big time.

We will have 1000+ deposits, so every early investor will make big bucks!
golfhuso
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March 24, 2016, 07:25:51 PM
Last edit: March 24, 2016, 07:39:41 PM by golfhuso
 #20

Please help me i sent my eth from poloniex.
Is the contractl just send my eth back to polo cold storage?  Huh

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