Satoshi Buckets - A game with a winning strategy! 1 BTC GIVEAWAY, 0.3 BTC LEFT.

[001sonkit]

0.08 in a blue bucket, is it strategic or GENIUS?
And some more genius on the red bucket - -

[bitshy]

Satoshi Buckets has passed 100 rounds!

In the last 100 rounds:

• Red has won 61 times, for a total of ฿0.752.
• Green has won 64 times, for a total of ฿0.627.
• Blue has won 75 times, for a total of ฿0.643.

[SirLolicon]

Made more than 0.02 with this already :v

[bitshy]

Made more than 0.02 with this already :v

Congrats! :-)

[001sonkit]

Thanks to the one who tossed 0.1BTC to the blue bucket last night. (My neck is as long as a giraffe for the off-chain mode)

[bitshy]

(My neck is as long as a giraffe for the off-chain mode)

I hear you! There will be an off-chain mode!

[bitshy]

Hey folks! It's time for an experiment!

I've raised the minimum amount in each bucket per round to 0.02 BTC. This is an attempt to reduce the amount of money that is chewed up in Bitcoin transaction fees. This should also raise the expected value of all the current buckets!

[bitshy]

To clarify: the minimum bet is still 0.01 BTC, but no bucket will fall until all buckets have at least 0.02 BTC.

[ranlo]

To clarify: the minimum bet is still 0.01 BTC, but no bucket will fall until all buckets have at least 0.02 BTC.

Ah, thanks for clarifying! I inferred it as being that the minimum bet was 0.02, and I was thinking that would cut down on the number of players as a result.

[HelpPlease]

All buckets are over threshold but not falling?!?!?!

[ranlo]

All buckets are over threshold but not falling?!?!?!

They only fall when a block is hit (at least is my understanding). So the timer at the bottom is how long it waits before checking for a new block. If one has hit, it uses the hash to figure out which bucket to tip. If it hasn't, the timer will go again.

[bitshy]

There are two reasons why a bucket will not fall immediately when the threshold (0.02 BTC in each bucket) is hit:

• Rounds only occur when a bitcoin block has been mined. This happens every 10 minutes on average, but there is no way to control when it will happen exactly. The timer at the bottom of the screen tells you the probability that a block has been mined at a given time.
• Only confirmed transactions are part of the round. This means that if a transaction takes a long time to confirm but it was just enough to bring the buckets above the threshold, the buckets will still technically be below the threshold. Only when the transaction is confirmed will they be above the threshold.

[macros]

Hi,

I sent 0.01 BTC from my gaming pot to the red bucket
https://blockchain.info/de/tx/423b3436f737a5a2776fe2ceaaebbc41b2fb323667e73b54f19cf6c8752a8870

But the value doesn't get updated (was before 0.01 and is 0.01)
Please fix that or give me a refund.

Edit: I see, only 0.02 of the 0.03 coins were taken on the last drop. Maybe the error hides there.

[bitshy]

Hi,

I sent 0.01 BTC from my gaming pot to the red bucket
https://blockchain.info/de/tx/423b3436f737a5a2776fe2ceaaebbc41b2fb323667e73b54f19cf6c8752a8870

But the value doesn't get updated (was before 0.01 and is 0.01)
Please fix that or give me a refund.

Edit: I see, only 0.02 of the 0.03 coins were taken on the last drop. Maybe the error hides there.

Hi macros! Thanks for letting me know! The issue should be fixed now. Here's what happened: bitcoind crashed. As a result, the server wasn't updating the bucket values, nor were any buckets falling. It's all up and running again now.

[bitshy]

Satoshi Buckets has passed 250 rounds! In the last 250 rounds:

• R has won 146 times, for a total of 1.515 BTC.
• G has won 156 times, for a total of 1.352 BTC.
• B has won 198 times, for a total of 1.433 BTC.

[bitshy]

I did a more in-depth analysis of the bucket history. Here's what I extracted.

Mean payouts:

• R: x1.05207502692
• G: x0.843458794071
• B: x1.13571379612

One-round winnings:

• R: x0.868529463366
• G: x0.680212456483
• B: x0.387926613817

Long-term winnings:

• R: x1.21928174665
• G: x1.12886322565
• B: x1.47710518338

Explanation:

• Mean payouts: The overall expected value of spending 1 BTC indiscriminately on a given bucket. That is, without any kind of strategy, other than "always bet on a particular bucket".
• One-round winnings: The overall expected value of winning a single round, immediately.
• Long-term winnings: The overall expected value of winning a single round, after many rounds -- with optimism.

I think it's interesting that a game with simple rules results in so much unknown behavior. I think it's also interesting that the green bucket has been losing so much lately. You'd expect it to always be somewhere in the middle!

[i3lome]

Have you thought about running a promotion to get more players. Like maybe putting in .05-.1 in and advertise in here.  just so people can have the chance to get winning something. That way they get hooked like the rest of us. Im still loving this game, I have better luck with this than any other game

[bitshy]

Have you thought about running a promotion to get more players. Like maybe putting in .05-.1 in and advertise in here.  just so people can have the chance to get winning something. That way they get hooked like the rest of us. Im still loving this game, I have better luck with this than any other game

I already do something similar. :-) A "bonus round" is a round where the money comes not from the fallen bucket, but from elsewhere. The "fallen bucket" stays where it is (it doesn't fall), and the money comes out of my pocket instead! There's been two bonus rounds so far!

This was not on purpose, however, which is why I didn't publicize it. It would happen spontaneously, as a result of relying on the simpler bitcoind interface. Now I have a lot more control over how transactions are built, so "bonus rounds" don't just happen anymore.

I think I will try to do some "bonuses" on purpose -- but they'll have to be randomized. (And I have very little money, so this kind of promotion can't happen very often!)

[i3lome]

That's good to know. A bonus is really not necessary seeing how you always make something if you pick the right bucket. 

Is it possible to do a litecoin buckets, or how much would you charge to make me a LTC version. I don't even know where to begin to code a site like yours. If interested just let me know, also Id have no problem sending you a percentage from all transactions with LTC buckets.  Im poor as shit so anything helps out and Id want to make sure you get paid good for efforts

[bitshy]

EXPERIMENT TIME!

The last experiment was a success. (Increasing the minimum round amount to ฿0.02.)

So now we're going to try something a little further out:

• Reduced the minimum bet to ฿0.005. (Was ฿0.01.)
• Increased the minimum round amount to ฿0.025. (Was ฿0.02.)

Let's see how this works out!

The rationale behind this experiment is that it allows people to try out Satoshi Buckets with a smaller amount, but it also reduces transaction fees by requiring the buckets to be a little bit bigger before they fall.

Also, the house fee promotion is almost running out! After tomorrow, I will raise the house fee to 1%. But this shouldn't make a very noticeable difference. (The house fee was 3% before the promotion. That was a big difference!)