Bitcoin Prophet

[bitcoinprophet]

Hello Everyone!

[Sweroids]

Hello there what do you think about the altcoins? Have you checked CNC out?

[md34ma]

Tell us more mister prophet

[Narken]

Mining CHNCoins like crazy ;-)

Alt coins is the future along with BTC ;-)

[Sweroids]

Mining CHNCoins like crazy ;-)

Alt coins is the future along with BTC ;-)

BTC and LTC is the future! But I don't know if I believe altcoin is. Feels nice to be able to solo mine CHNCoin and get 88 coin chunks though  :

[bitcoinprophet]

Post 5! 

[mvrak]

Spam!

[littleredsnake]

Hi, I have a question about the winnings payout of bitcoin prophet. From the rules page at http://bitcoinprophet.com/:

- All winning predictions are paid at a multiplier of 2X your Bitcoin prediction submission from the index menu less a .0105BTC transaction fee.


- All winners are paid from the pool of losers submissions in a "zero sum game"


I can't figure out how these 2 statements can be consistent. What if there was just a single bet on any given event, let's say I bet 1BTC that the BTC price was going to go up., and nobody else bet that day. If the price did go up, would I win 2x my stake = 2BTC (minus the fee), or would I just win my stake back' since there are no losers' submissions?

[aKIA]

tell us more prophet what should we do

[bitcoinprophet]

Hi, I have a question about the winnings payout of bitcoin prophet. From the rules page at http://bitcoinprophet.com/:

- All winning predictions are paid at a multiplier of 2X your Bitcoin prediction submission from the index menu less a .0105BTC transaction fee.


- All winners are paid from the pool of losers submissions in a "zero sum game"


I can't figure out how these 2 statements can be consistent. What if there was just a single bet on any given event, let's say I bet 1BTC that the BTC price was going to go up., and nobody else bet that day. If the price did go up, would I win 2x my stake = 2BTC (minus the fee), or would I just win my stake back' since there are no losers' submissions?

Hi thanks for your interest in the site hopefully this helps answer your question:

Here's an example: If you make a prediction at .25 btc and you are correct you would receive .50 (.25 X 2) - .0105 for a total payout of .4895. Bitcoin Prophet earns profits from the fees only in a zero sum game. See the faq on the site for more information on periods of low volume.

[littleredsnake]

Thanks. Where is your FAQ?