The Great 1.1X Bitcoin Rush--CLOSED!

[RevolutionMaster]

It's been a good run people, but it's time to cut back on the forum spam. I highly recommend Herb's automated pool, which is far superior to my own.


Bitcoin 1.1ing – Current books for the pit: https://spreadsheets.google.com/spreadsheet/ccc?key=0AhZGBe7p8HzJdE1qMFJVclFaTEpzZVdRYWNVT0h2YlE&hl=en_US&authkey=CP73q8cC

Join today to get quick bitcoins! Don’t be a late adopter. AGAIN! This pit is designed to have maximum winners! If everyone deposits in 1 BTC, 10/11 people will win, maximizing profit in today's meager mining environment


Proper Pitting Procedure:
1. Deposit your bitcoins into the pit at CLOSED .

*If you want to avoid fees on small transactions, use a Bitcoin client <= .3.20. (http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.3.20/)

2. Wait for someone else to put bitcoins into the pit. When the BTC in the pit is greater than, or equal to your coins, plus 10%, you shall be paid.

3. Profit, and enjoy pitting!

You may watch the pit at https://spreadsheets.google.com/spreadsheet/ccc?key=0AhZGBe7p8HzJdE1qMFJVclFaTEpzZVdRYWNVT0h2YlE&hl=en_US&authkey=CP73q8cC
You may confirm that I’m paying out by following the links in the 3rd post.

Each round in the pit lasts a set period of time, during which anyone may deposit bitcoins, any time they want, but only exactly .25BTC. At the end of each round, any remaining coins in the pit will divided equally among the unpaid users, less a 2.5% fee.

* I will add users to the spreadsheet as soon as I receive payment, although I will not pay out until 6 confirmations occur. I’ll check back at least once every 30 minutes to update the spreadsheet! *

[1715055839]

1715055839

[1715055839]

1715055839

[1715055839]

1715055839

[nhodges]

9PM EST? Like, right now?

[RevolutionMaster]

Previous Rounds with the proof of transactions:

Round 1: https://spreadsheets.google.com/spreadsheet/ccc?key=0AilMj_2Hdw5SdHBLNV9LZjU4UXVXM3dzM1hyZlFLOVE&hl=en_US&authkey=CPHt_sQL
Round 2: https://spreadsheets.google.com/spreadsheet/ccc?key=0AhZGBe7p8HzJdE1qMFJVclFaTEpzZVdRYWNVT0h2YlE&authkey=CP73q8cC&hl=en_US#gid=0
Round 3: https://spreadsheets.google.com/spreadsheet/ccc?key=0AilMj_2Hdw5SdG9wVVJPcGdjVGFlMTN4Yk1Vd1dEVUE&hl=en_US&authkey=CObkptYP
Round 4: https://spreadsheets.google.com/spreadsheet/ccc?key=0AilMj_2Hdw5SdFJpQTgtcU5iWkNnUXNES1BtQVgxYkE&hl=en_US&authkey=CPXwp7AG

[elelegzet]

I'm in

[RevolutionMaster]

Added info on feeless transactions. Thanks to below, because updating information in 8 places sucks. (That was from when I was migrating it to a new wallet instead of a new address)

[btc7]

So, you have to check blockexplorer link....
http://blockexplorer.com/address/1DPBgQFuhARVv1oSmUy1MYqvoWaPnZmHEW

[RevolutionMaster]

FYI, payouts are happening through MyBitcoin, so it appears to be sending from a different address than it is receiving them on. I'll move to the standard client after this round.

[NothinG]

Aww, now your just taking my ideas xD
1.1x; interesting.

[RevolutionMaster]

Round 1 over.

Round two shall be a 12 hour round to allow me to get some sleep.  

Round two: 1:30 EST to 12:30 EST

[RevolutionMaster]

The new round began about 30 minutes ago, and it's an extended 12 hour round!

[RevolutionMaster]

The round is ending in 50 minutes, and the sheet is up to date! Put in now!

[RevolutionMaster]

Starting a new round at 5:15 EST, running until 8:00 EST. Toss in some bitcoins today!

[RevolutionMaster]

Don't make this boring! At 1.1X, this pot keeps moving!

EDIT: Bad weather led to a delay. Sorry about that.

[rizzn]

Got paid out and transaction confirmed in the first round in less than ten minutes. Throwing in for another round before I knock off for the night. Go for it! Almost nothing to lose.

[ZareliMan]

The first round payed a little slower, but I still trust this second one. Nice game for all the fearsome out there, with these ratios u can't lose

[taqistan]

I just joined in.  I like the faster moving nature of the 1.1x payouts.

[ZareliMan]

I just joined in.  I like the faster moving nature of the 1.1x payouts.

Will that arrive (1st confirmation) before round ends ?

Actually the round ended 15 minutes earlier than offered... I'm not liking this.


EDIT: Please chech the block explorer, you closed the round before 8 EST and a new deposit appeared before that hour.

EDIT2: Very straightforward correction. This is trustworthy. 

[adalov]

Loving this a lot. Might I suggest changing the time limit or forking it perhaps? I feel this would be more suited to a longer time limit such as ending a few days after the last deposit. With double trouble games it slows down quickly due to how fast the gap grows, but with 1.1x that gap would grow very slowly encouraging quick redeposits.

[taqistan]

I just joined in.  I like the faster moving nature of the 1.1x payouts.

Will that arrive (1st confirmation) before round ends ?

Actually the round ended 15 minutes earlier than offered... I'm not liking this.


EDIT: Please chech the block explorer, you closed the round before 8 EST and a new deposit appeared before that hour.

I think he had the time right...I didn't see the end time in the first post, so thought the round was active.

[ZareliMan]

Loving this a lot. Might I suggest changing the time limit or forking it perhaps? I feel this would be more suited to a longer time limit such as ending a few days after the last deposit. With double trouble games it slows down quickly due to how fast the gap grows, but with 1.1x that gap would grow very slowly encouraging quick redeposits.

And that is a good idea indeed.

[RevolutionMaster]

Sorry about the bloody mess. Someone made me aware of the difference between Eastern Standard Time and Eastern Daylight Time, leading to tons of confusion.

What I, and some people thought was going on: It began at 5:15 (EDT), and it ended 8:00 (EDT).
What was technically right by the statements: It should have began at 6:15 EDT, and it should have ended 9:00 EDT.

When I got back to update the spreadsheet, I mistakenly thought that the round had ended, due to the EST/EDT difference that someone in the sheet made me aware of. There are two ways to approach this: Go with what's technically right, and try to fix stuff, or to declare dictatorship in the interests of a clean solution. In the interests of being straightforward, I went for remediation in the name of truth.

Sorry about the mixup guys.  


Edit: I'll run a 48 hour round from 10:00 EDT today until 10:00 EDT on June 24th.

[anodyne]

I suggest you give times in UTC as well. It's a good timezone to use for coordination, since everyone only has to keep track of one time difference.

[RevolutionMaster]

This round is still running, and it's running for over 36 more hours. With only a 1.1x multiplication rate, things move! Check out the previous rounds and you'll see!

[RevolutionMaster]

I'm planning on doing an equal input round next, one that'll keep things moving. It'd be interesting.

[RevolutionMaster]

Less than 24 hours remaining until this round ends! Unlike Mt. Gox, more than 10% of the people here regain access to their funds!

[Kain]

Less than 24 hours remaining until this round ends! Unlike Mt. Gox, more than 10% of the people here regain access to their funds!

Made me lol.

I'm in the current pot

[RevolutionMaster]

We're going to run a new type of round from 11:00 EDT (6/24) until 10EDT tomorrow (6/25).

In this round, the ONLY amount of bitcoins that you put in is .25BTC at a time, because the reason these get stuck is that some people will put in a large amount, and some people will put in a small amount of bitcoins. If you model this in a spreadsheet, this is the most sustainable type of pyramid. For the first ten people, only one is unpaid at any given moment. For the next ten, two, and so on and so forth.

[RevolutionMaster]

New round! Let's make it move!

[asuspowered]

interesting.. low risk.. kinda slow but I"M IN!