[WEEKEND ROUND WITH JACKPOT] BitCat.ch - automated bitcoin game.

[xyu]

BitCatch - an automated bitcoin pyramid game.

Round #7 starts next friday, round #4 is still running with the jackpot about 7 BTC, check it at bitcat.ch!!!


This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be to able see who might win jackpot and make your bets based on that info.

In order to win the jackpot in a second day you better use one receiving address for all your bets, because summation will be made by addresses, i.e if you will use several receiving addresses then they will appear as... several receiving addresses? each one with different sum of bitcoins.

Rules may change slightly before Friday.




Original post:
_____________________________________________________________________
What differs BitCatch from others? First off all it is fully automated game, this means that all payments and game mechanics processed without operator.
Also, it allows you to use any kind of Bitcoin clients to send the payments, you can even send payments from exchanges and pools. To play the game just enter  your address for receiving payouts and it will generate one-off bitcoin address that you should use to send money to. If there is enough money in the pot you will be immediately paid out with your Bitcoins

So, in short, the main features are:

• Fully automated game logic and payouts
• You can send BTCs from whatever you want,
  even directly from exchanges and pools
• Multiple rounds with different ratio

Check it now! BitCat.ch

[Humpfry]

What happens to the remaining pot at the end of the round?  What if there is only 1 player, in a whole round?

[xyu]

What happens to the remaining pot at the end of the round?  What if there is only 1 player, in a whole round?

I've implemented it in a way that what happens with pot can differ from round to round depending on a round type, there could be 'last looser' rounds, rounds when pot evenly divided among the players. You could also suggest another way of what should be done with pot.
The first round is 'last looser', all remaining pot goes to the player who made last deposit (Added this to fisrt post).
If there is only one player then he will receive his money back of course.

[Kevets]

Clean and smooth site but we need more people!   Let's go!

[xyu]

So it's kind of like a pyramid scheme?

Yes, it is.

[giszmo]

  hilarious! some of my friends don't use bitcoins because they claim it is a pyramid game.

at least you are not tricking us into one

[Oldminer]

In

[Oldminer]

paid out

cheers 

[MtRev]

Internal Server Error

The server encountered an internal error and was unable to complete your request. Either the server is overloaded or there is an error in the application.

It's not accepting payment.

[Alex Beckenham]

Wow this game is going really well... good job.

[Alex Beckenham]

502 Bad Gateway

Someone needs to teach that gateway a lesson.

[tysat]

502 Bad Gateway

Someone needs to teach that gateway a lesson.

Maybe we can put it in the corner for timeout?

[xyu]

Everything is OK, I just screwed up with git, so I had to shutdown site temporarily

[MtRev]

I'm in!

This game actually looks better then all the others I had played so far.

[xyu]

XYU, I sent you a PM. I made a mistake on the site and I'm hoping you can help me fix it

Thanks

Yes, i see, sent you PM

I'm in!

This game actually looks better then all the others I had played so far.

Thanks. I'll try to keep it actively developed.

[adalov]

Looks very nice! Might I suggest showing the current balance of the pool?

[MtRev]

WOW, this thing is moving fast today!

[MtRev]

You should add the current server time as well.
=]

[MtRev]

Or maybe have 2 copies of the same game with different limits.

One unlimited and one limited.
I mean, i'm sure there are people who would rather play with more.

[geek-trader]

I just got it for 0.15 BTC.  Looks like fun!   

[xyu]

Perhaps the creator could add a bet limit? ... someone could bet a lot of BTC and slow/stop the game.

Other than that, it's quite fun!

Yes, when the first round close, there will be several different rounds running at the same time, each round with different ratio/limits.

[MtRev]

I think 2 would be more then enough for now, if you put too many, there wouldn't be enough people to keep all the games going.

By the way, if you're playing BitCatch, be sure to put it on your sig.
This will keep new people coming in which will keep the game alive.

[MtRev]

Out of all the bitcoin games i played this week, this one made me the most money in just a couple of hours.

[codler]

Great game!

[MtRev]

As long as it's not higher then 9.0 BTC, we should be ok.
Everyone else just needs to follow the trend.

[xyu]

It's a cool game; I'm even advertising it in my signature! <-- If you tip me for advertising, I'll reinvest it in the game! 

Thanks 


BTW, now it waits for two confirmations. It may take little while your transactions get confirmations.

[MtRev]

xyu, i sent you a private message, can you check it when you get a chance
thanks!
=]

[geek-trader]

Where did all the unconfirmed go?

BTW, got my payback : 0.18 on my 0.15.   

[geek-trader]

Where did all the unconfirmed go?

BTW, got my payback : 0.18 on my 0.15.   

OK, they are back.

I put in 2.0, I'm on the confirmed list.  This is fun!

[MtRev]

I been doing this ALL day lol

[geek-trader]

I been doing this ALL day lol

It's a lazy Sunday.  I'm going to re-play after each payout, until bedtime. (which is late, because tomorrow is a holiday (USA))

When I get my 2.4 (from 2.0) back, I'm going to send the 0.4 back in.   

[MtRev]

Nice!
Grats to all who playing!

[MtRev]

What makes you think that? lol

[Oldminer]

Yea I made a few cents from this over the last few days too. Just wondering though where or at what point does it fall apart? Imo the organisers not giving away free money? Somebody gonna get raped.. 

[MtRev]

Everyone knows how these games works, but this is better because it's live and more accurate then the others. What's also a plus is the nice clean easy to read layout. A+

[xyu]

I hope you guys doesn't put all yours BTC on it   

[MtRev]

The trick is, going in big the first time, then only use profits after.
=]

[geek-trader]

Yea I made a few cents from this over the last few days too. Just wondering though where or at what point does it fall apart? Imo the organisers not giving away free money? Somebody gonna get raped.. 

It falls apart when no new "bets" are placed, just like any other pyramid game.  As long as new bets come in, older bets get paid.  No new bets = collapse.

What I like about this implementation is the low ratio - 1.2x as opposed to 2x or 3x, like the other pyramid games have.  That makes it easier for people to get paid, and contributes to the chances of it running for a long time.

I don't see any reason that this game can't continue for a long time.  It may speed up or slow down, but as long as people keep playing, it will be fine.

The operator has an incentive to be open, honest and transparent in his dealings.  I assume once it's out of "alpha" on July 5th, he'll start to take a % as a fee.  So it's all volume for him then. The more people play, and the longer it runs, the more BTC he makes.

[geek-trader]

Anyone else cheering for the block to come up?  Come ON 134,615 !!!!

[MtRev]

How do you check whats a block is up to?

[drrussellshane]

How do you check whats a block is up to?

http://bitcoinwatch.com/

Currently at 134,617



Don't forget to tip!  

[geek-trader]

XYU: having an issue.  I sent you a PM

[MtRev]

Looks like the script is hanging (stuck)

[geek-trader]

XYU: having an issue.  I sent you a PM

I think I'm having an issue too...

I had a transaction for 1.0000111 (plus the .0005 fee I paid) that I sent to the game at 143fUhTKJWJP3cZxS3zdZitAmeEyRSGn2u but it isn't showing up on bitcat.ch (unless I am confused, but I'm not seeing it). I have 5 confirmations on my client.

I had one that showed up in the "unconfirmed" but never in the confirmed.  MtRev did, too.

He did say this was "Alpha", so as long he makes good on his bug, all is forgiven from me.  I'm not playing again until he does, tho.  sucks, I was looking forward to playing all day today.  

I had 2 go through earlier, got paid, no problems.

[Bitcoin Swami]

Well that was easy.  Great script you got going.  love how you can watch it all.

[MtRev]

He will refund you back, i'm sure of it. This script he is working on is in beta stage and it was stuck earlier today too, but he issued me a refund. So, I guess take a break and come back later to see if he fixed it yet.

[adalov]

500 Internal Server error at the moment, though the page will occasionally come up with no bets in place.

[geek-trader]

Xyu's profile says his local time is 5:00 AM right now, so I am assuming he is asleep. I'll check back in a few hours.

Damn, I wanted to play some more.   

I took it out of my sig, since it's malfunctioning.

[MtRev]

I wonder if it's a bug or if someone trying to do some sql in injections lol


This is when he usually logs in:
http://forum.bitcoin.org/index.php?action=profile;u=11426;sa=statPanel

[Alex Beckenham]

It's back... where did all the [everything] go?

[geek-trader]

I wonder if it's a bug or if someone trying to do some sql in injections lol


This is when he usually logs in:
http://forum.bitcoin.org/index.php?action=profile;u=11426;sa=statPanel

If that's local time (to me) then we are right in his "dead zone"  which makes sense for his timezone - he's sleeping.

[edd]

Site's back.

Edit: Nevermind. Gone again.

[MtRev]

Hey Edd,

This was what the thing that was keeping me distracted before lol
I didn't want to tell you what it was exactly because if it doesn't work out for you, I didn't want to be at fault.

I didn't sleep over 24 hours, don't want to sleep waiting for this to come back on!

[xyu]

I'm back. I've had to shutdown the site temporarily. Balance for the round  shows 11 btc but should always show only show the size of the pot, which is 2 btc.
Trying to find what gone wrong

[MtRev]

Nice you're back!

It looked like things just got stuck out of no where.
When there was enough people putting in money, it didn't give anyone credit and was removed from the list.

[geek-trader]

The 2 BTC I lost the bug have been refunded.  Thank you, Xyu.  You are an honest game operator and I look forward to playing your game again when you have it back up.

[xyu]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs  

[Bitcoin Swami]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs  

I also had 1 btc in there before this last crash.  Not sure if you're refunding from this last problem.  Not sure which address in my wallet to show you. 

[Bitcoin Swami]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs  

I also had 1 btc in there before this last crash.  Not sure if you're refunding from this last problem.  Not sure which address in my wallet to show you. 

My problem wasn't from the crash. I just made a mistake when I entered. And there were a lot more entries than these names listed. They're all probably individual problems

I contacted him when I MADE THE MISTAKE and he just refunded my BTC. Great guy

Thank you so much XYU

Ok cool, yes that says alot about this guy.

[rizzn]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs  

Sent PM re: bet around time of crash.

[codler]

It looks like it is up again

[geek-trader]

it's bed time for me, but I sent in 0.4

I think I may be addicted

[adalov]

I've more than doubled my money now, definitely satisfied

[MtRev]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs  

EDIT:
Actually, I think you forgot about me. =[

Sorry, I got my refund, thank you. It just took a little while to update. =]
Thanks!

[rizzn]

Sended btc back to Kais, MtRev, drrussellshane, and geek-trader


Going to fix bugs 

Actually, I think you forgot about me. =[

Now that the site is back up, I'd check to see if your bets are on the list. Mine showed up there.

Ah well, might as well play out the hand.

[MtRev]

It's up but it's clearly not working correctly. I don't suggest going in now.

[rizzn]

It's up but it's clearly not working correctly. I don't suggest going in now.

Bummer.

I'm sure it'll get fixed. Game seems to have a good rep.

[MtRev]

Yeah, I'm just waiting for the fix then i'm back on again.

[codler]

I dont see any bugs, It is working correctly

[geek-trader]

Xyu, when are you going to start it up again?

[MtRev]

I dont see any bugs, It is working correctly

>>>  http://i56.tinypic.com/2eurg9x.png

Unless, you see something different, this doesn't look like it's working to me.

[codler]

I dont see any bugs, It is working correctly

>>>  http://i56.tinypic.com/2eurg9x.png

Unless, you see something different, this doesn't look like it's working to me.

It is correct, do the math.
if you sum all value in Deposit row and sum all value that have been Paided in Expected row+1 you will see that Expected is higher than Deposit. That means the game is running correctly

[adalov]

I dont see any bugs, It is working correctly

>>>  http://i56.tinypic.com/2eurg9x.png

Unless, you see something different, this doesn't look like it's working to me.

Looks correct. The 6 btc went towards paying off the earlier people, there's that much of a btc gap now. Add up every deposit, then subtract all the people paid so far and you will have less BTC than required to pay off the next person.

[geek-trader]

Looks correct. The 6 btc went towards paying off the earlier people, there's that much of a btc gap now. Add up every deposit, then subtract all the people paid so far and you will have less BTC than required to pay off the next person.

I'm too hungover to do the math, so I'll just take your word for it.   

[MtRev]

If this is correct, why didn't he get paid?
1684XkUTyECwpGdPoFrxHUUtnDzXx4XUQx    Jul 04 00:01:41 UTC    1.0    1.2

[xyu]

If this is correct, why didn't he get paid?
1684XkUTyECwpGdPoFrxHUUtnDzXx4XUQx    Jul 04 00:01:41 UTC    1.0    1.2

He needs just 0.6 BTC to get paid =)

[MtRev]

I'm sorry, but i'm really confused, unless the rules changed from yesterday, he should had been paid already along with many of the other people.

There more then enough to fill up the spots for the people above to get paid at 1.2 ratio.

Also, noticed no one got paid since the crash yesterday, shouldn't someone had to been paid by now? There clearly more then enough people going in.

[adalov]

Feel free to double check my numbers, but the current amount in the pot is .77 BTC, not enough to pay them off. Here is the spreadsheet I used: https://spreadsheets.google.com/spreadsheet/ccc?hl=en_US&hl=en_US&key=tkKD-oDIC-y_GyvE88V4Giw#gid=0

Also, I was paid since yesterday, and several more were right after the 6 BTC was deposited.

[MtRev]

Feel free to double check my numbers, but the current amount in the pot is .77 BTC, not enough to pay them off. Here is the spreadsheet I used: https://spreadsheets.google.com/spreadsheet/ccc?hl=en_US&hl=en_US&key=tkKD-oDIC-y_GyvE88V4Giw#gid=0

Also, I was paid since yesterday, and several more were right after the 6 BTC was deposited.

Yes, everyone got paid YESTERDAY before the crash, but after the site back up, no one got paid since.  Yesterday, everyone was live and automated, there wasn't more then a 5 min delay. The whole day today, no one got paid.

EDIT -- i please ignore I was wrong

[adalov]

You would be correct if that was the start of the game. However, the game has been running, and as such there has been more and more of a gap growing. Try doing the math one deposit at a time and you'll see.

And no, I was paid this morning, long after the site went up. I was paid off by the person that deposited the 6 BTC.


Edit: Think of it this way, when the first person with the 1.0BTC deposited their money, they were not the next in line to get paid, correct? There were people behind him that had yet to receive payment due to the game running so long. That means the 2.0 BTC went towards paying off the people before him.

[MtRev]

Ok, maybe i'm just slow today, I just woke up, let me get some coffee and i'll look it over again.

[tysat]

Quick excel math says 77.93383294 has been put in and 77.15613953 has been paid.  So it looks good to me.

[geek-trader]

Quick excel math says 77.93383294 has been put in and 77.15613953 has been paid.  So it looks good to me.

So we just need to get more people to play. 

[MtRev]

Actually, you're right, I apologize.

I added the math as you guys did and saw it's correct.

The game is in fact work, sorry for the misunderstanding guys.

[geek-trader]

Just got to get past the 2.0 and then maybe my .4 will get paid!

[Kevets]

I'd push it but I'm already in line.   

[geek-trader]

The 6 BTC bet is scaring everyone off. 

Come on, just a few more people!  This is a great game!

I promise, when I get paid, I'll get back in.

[Kevets]

I'm thinking it needs a lower max.  These high entries require too much time and scare people off.

[codler]

Just got to get past the 2.0 and then maybe my .4 will get paid!

If you get paid, then I get paid also Im just before you with 0.074

[MtRev]

Keep in mind it's holiday weekend, a lot of people outside watching the fireworks lol

[Dervie]

When does it usually payout?

[codler]

When does it usually payout?

It is automatic

[adalov]

Will the next round start immediately after this one ends?

[xyu]

Will the next round start immediately after this one ends?

Yes, probably at 18 (6 PM) in UTC, but  I'm not sure yet, could you suggest a better time?

I also want to know what ratio to choose for the next round? Keep the same - 1.2? Raise the ratio? Maybe make it even lower - smth like 1.1?

[geek-trader]

Will the next round start immediately after this one ends?

Yes, probably at 18 (6 PM) in UTC, but  I'm not sure yet, could you suggest a better time?

I also want to know what ratio to choose for the next round? Keep the same - 1.2? Raise the ratio? Maybe make it even lower - smth like 1.1?

I like 1.2

[adalov]

I like 1.2 as well, enough of a reward while keeping the gap from growing too large.

[codler]

Ratio 1.2 is good

[TheBitMan]

Sorry if I sound dumb but I don't understand. I send in my BTC and then what happens?

How is this a pyramid?

[adalov]

Sorry if I sound dumb but I don't understand. I send in my BTC and then what happens?

How is this a pyramid?

You send in your money, people send in money after in order to pay you back plus the 20% extra. That 20% extra begins adding up over time, meaning it takes longer for someone to get paid out. Eventually some people will not get paid back because the game ends. This is the type of thing Bernie Madoff did, except he scammed people into it without telling them what was going on.

[TheBitMan]

So is it worth it?

[adalov]

As far as gambling goes, this one in particular is quite good. I've doubled my money on the first round by putting money in several times. You can still lose, but over half of the players are winners with 20%.

[freaker]

I think there need to be a limit for a transaction. Min and maximum value. For example 0.001 to 3 Btc or smth like this

[edd]

I do believe this round was set to end around this time.

[rizzn]

I do believe this round was set to end around this time.

The round wasn't supposed to end for another ten minutes. Gahh. Not cool.

[xyu]

Ok, I'm going to start new round, with low fee and limits, but to keep game more interesting I'm planing to make limits progressive i.e.
game starts with lower bound of 0.01 BTC and upper bound of 0.5 BTC and eventually upper limit would rise to 1, then to 1.5 and at the end to 2 or 3 BTC. If you send more than max value, your money will be returned.

[xyu]

Hm... someone sent 1e-06 btc =)

[Tronlet]

Ok, I'm going to start new round, with low fee and limits, but to keep game more interesting I'm planing to make limits progressive i.e.
game starts with lower bound of 0.01 BTC and upper bound of 0.5 BTC and eventually upper limit would rise to 1, then to 1.5 and at the end to 2 or 3 BTC. If you send more than max value, your money will be returned.

Sounds good, when is the second round going to start? ETA?

[freaker]

Hm... someone sent 1e-06 btc =)

Yes. But he sent this at 17:38.
Than the last one - who sent at 17:39 is the winner of bank???

[xyu]

Hm... someone sent 1e-06 btc =)

Yes. But he sent this at 17:38.
Than the last one - who sent at 17:39 is the winner of bank???

I think so, but bank isn't so high - 0.324193412 BTC (as you can see payments stopped at the player with address 1P3CRorMdGzj4wvVUHj2EndaHbvN971HzV and bet 0.4)

[geek-trader]

I was the "first loser" - next in line to get paid, but didn't. 

No biggie, I was playing with money I won earlier from the same game

[xyu]

In a couple of minutes, may be 10 or so.

And don't forget, new round will have bounds:
lower bound 0.01 btc
upper bound 0.5 btc
Upper bound will eventually rise

[adalov]

My early one may have been eaten up as well, it appeared along with another one when the ratio was 1.1, but now it has disappeared.

Edit: scratch that, it's now there

[adalov]

Will you have the current upper bound posted on the site, or where can we find that out? It would be nice to have the current pot size as well

[xyu]

xyu,

 I accidentally used the same return address twice, so I sent TWO payments to ONE of your addresses.... Only one transaction showed up on your site...

So, you used address 1Q9RJ5TfXGvy2WxGNtoetiKgGZYkNqXM51?

[xyu]

Have you sent this to last player with address: 16Zm4jKDDsKw7HHum8fhfgeWQANhvp37xZ ??

I'll sent it manually in a couple of minutes =)

Done!
tx id - b95d8ef5de5404d1ddcf0b675ac990e7777991af8283850aa44bf6e317f21eac

[xyu]

So, you used address 1Q9RJ5TfXGvy2WxGNtoetiKgGZYkNqXM51?

Correct.

Also, I think some of my bets are "missing".

Sent you back - tx id d7563563b81fdbc5887811e96e8856bf35078170d4170995027f5412c2ca731b

Which one missing? Could you PM me with addresses you used to send bets?

[xyu]

I can tell you what address of yours I sent them too though.

That's even better =)

[xyu]

So how it goes? Have anyone else noticed some problems?

[adalov]

I had two missing bets, sent you a PM with the details.

[geek-trader]

So how it goes? Have anyone else noticed some problems?

working great for me so far.  I sent in 2, got paid, and sent in 2 more

[xyu]

Some users experienced problems temporarily shutting down web site (game still working DO NOT SEND ANY BTC TO PREVIOUSLY USED ADRESSES)

[xyu]

It seem like I'have found bug - I use bitcoin-python library and by default it lists only 10 last transactions, so, some transactions weren't processed... Working on this issue.

[geek-trader]

It seem like I'have found bug - I use bitcoin-python library and by default it lists only 10 last transactions, so, some transactions weren't processed... Working on this issue.

there's only been 1 block processed since you took it down, so no big loss 

[Dervie]

What happens to the transactions before this round?

[xyu]

We have really slow transactions today...
Anyway. Site is running, but I wont everyone to check correctness of their bets, if there is some deviation or disappeared transactions - just let me know.

[xyu]

What happens to the transactions before this round?

You mean first round? It's been ended you can still view results at http://bitcat.ch/rounds/1

[Dervie]

"You already have one address with pending deposit: XXX"

That means I'd have to send to the specified address right? lol. I closed the tab accidently.

[geek-trader]

We have really slow transactions today...

seems like we have a long lull, then 2 or 3 close together.

[xyu]

"You already have one address with pending deposit: XXX"

That means I'd have to send to the specified address right? lol. I closed the tab accidently.

Yep, if you haven't sent to this address anything already - then yes, you should use it.

[xyu]

WOw, someone sent 1 BTC and it didn't send it back... need to shutdown again

UPD:
Fixed

[adalov]

When will this round end?

[edd]

When will this round end?

I was just about to ask the same thing. It says "and never ends" at the top.

[geek-trader]

I am making so much freaking money off this game! 

[TheBitMan]

when do we get the bits?

[Tronlet]

Shouldn't it have rounds that end? According the website, this current game won't ever end. Maybe not 5 day periods, but this way it'll eventually just shut down.

Within a little while, the gap between the paid and the waiting will become too big as it does with all pyramid schemes and the site will crawl to a standstill, which is kind of a shame considering the work that's been put into it.

Am I missing something?

[MtRev]

there really no difference from 1 person betting 1.0 btc then 1 person betting 0.5 btc twice.

[TheBitMan]

Got mine! That's cool! LOL I guess you give them out at 6 confirmations..

[TheBitMan]

I would wager more if I could. You should increase the max and make the fee a percent so you still make the same.

[MtRev]

You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.

[TheBitMan]

You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.

GENIUS! lol I didn't think of that. BTW - site owner it says "games" but there is only one game 0.o

[MtRev]

By the way, to keep this game active and growing, you can put a link on your sig and start replying back to other threads/topics. This will attract new faces which will only snowball if they put it on their sig as well. =]

Well, guys have fun and good luck, I got to get ready for work, see you guys in a few hours!

You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.

GENIUS! lol I didn't think of that. BTW - site owner it says "games" but there is only one game 0.o

Haha, thank you!

Yes, the site owner planned on having multi games running at different rates, but It seems like he been working on day and now went to bed. I'm sure he will have more games running in a day or two.

[TheBitMan]

How does one lose coins?

[edd]

How does one lose coins?

The game ends and whoever hasn't gotten paid yet loses out.

[geek-trader]

RE: getting paid

I see a few people might be unclear on exactly how this works.

You get paid when enough bets have been made by people after you to pay out to you.

So, person 1 bets .5, to get paid .6.  the pot is now .5
person 2 bets .5, the pot is now 1.0 so person1 gets paid .6, the pot is now .4
person 3 bets .5, the pot is now .9, so person 2 gets paid .6.  The pot is now .3
etc...

you can see how it will take longer and longer to get paid.  eventually, someone (or many someones) gets stuck not paid, because no one new is betting.

That's why it's called gambling.  You might lose.

However, if we keep new people coming in, we'll all get paid.

[Tronlet]

By the way, to keep this game active and growing, you can put a link on your sig and start replying back to other threads/topics. This will attract new faces which will only snowball if they put it on their sig as well. =]

However, if we keep new people coming in, we'll all get paid.

Not really, this will just delay the inevitable. The longer it goes on, the more difficult it will become to keep the game going, and this difficulty will go up exponentially. Unless we have round ends, bitcat.ch will slow to a stop.

An idea I think would be nice is if instead of at the end, all of the current pot going to the last person to put a transaction in, it could all be split among those who had not yet been paid out. Instead of all the last payers losing everything, and having people rushing to get in the last transaction so they'd get the biggest payout of all, everyone who hadn't gotten their payout would at least get something back, even if it wasn't the amount they put in. (FYI, not saying this from a sore loser perspective, so far I've never lost.)

[geek-trader]

the advantage to "last in gets paid", especially with a minimum bet, is that some more people come in at the end, instead of the round slowly grinding to a halt


But the split idea has merit, also.  better some stop loss than lose it all.

[Tronlet]

the advantage to "last in gets paid", especially with a minimum bet, is that some more people come in at the end, instead of the round slowly grinding to a halt


But the split idea has merit, also.  better some stop loss than lose it all.

Good point, I'm divided now. They do both have their benefits.

[rizzn]

RE: getting paid

I see a few people might be unclear on exactly how this works.

You get paid when enough bets have been made by people after you to pay out to you.

So, person 1 bets .5, to get paid .6.  the pot is now .5
person 2 bets .5, the pot is now 1.0 so person1 gets paid .6, the pot is now .4
person 3 bets .5, the pot is now .9, so person 2 gets paid .6.  The pot is now .3
etc...

you can see how it will take longer and longer to get paid.  eventually, someone (or many someones) gets stuck not paid, because no one new is betting.

That's why it's called gambling.  You might lose.

However, if we keep new people coming in, we'll all get paid.

I like the limits, it keeps things moving, but I also wouldn't mind a higher stakes table/round at some point. You know, for the high rollers.

[Alex Beckenham]

as an earlier post mentioned, you can make as many .5 BTC bets in a row as you like.

With less risk... if you pay 5 btc in one hit but the pot only ever reaches 5.99 on your turn, you get nothing.

But if instead you had played 0.5 btc 10 times, you'd get 9 of them paid out.

Edit: Where the risk is higher with this strategy is getting all 10 of your plays submitted before other players... at least with one big play it's easier to race.

[Jimerson]

I agree with the smaller amounts. It allows the game to keep moving. Large bets stop people from playing as they worry about the cutoff time.

[MtRev]

Small or large, it does the same thing.
Whats the difference of 100 people puts in 0.5 BTC vs. 1 person putting in 50.0 BTC?
They both equal to the same amount in the pool.

[geek-trader]

Small or large, it does the same thing.
Whats the difference of 100 people puts in 0.5 BTC vs. 1 person putting in 50.0 BTC?
They both equal to the same amount in the pool.

because this pool is so transparent, people see the big bet and get scared off, afraid they won't get paid.  That the big bet will clog up the pool.

However, a long list of unpaid's is also "scary".  Not as much, I dont think, but that's a personal opinion.

[Alex Beckenham]

Small or large, it does the same thing.
Whats the difference of 100 people puts in 0.5 BTC vs. 1 person putting in 50.0 BTC?
They both equal to the same amount in the pool.

If someone were allowed to place 50 BTC in one hit, and you were visiting the site at the same time as them, then if they get in just ahead of you, you'd have to wait for 60 BTC to get paid out before you get anything.

On the other hand, if there were a bet limit of say 0.5 BTC and you were visiting the site at the same time as one hundred other people, then you have more chance of racing to get in ahead of them.

[MtRev]

I do get your point, but personally, i don't think it would be much of a difference, I mean look at it now.

Either way though, I believe the admin will create different rates so, so we just need to hang in there a bit longer.

[Alex Beckenham]

I was all looking forward to playing this round, but my reason for not playing this one at all was that there is no end time listed.

[Tronlet]

Exactly. I played it a little bit briefly at the very beginning, but no ending time doesn't encourage investments.

[MtRev]

Someone said earlier having the last player win the pot. I like this idea, but instead of the last player, how about the last 5 players.

And instead of a set time for it to end, how about 12 hours no deposits, then it ends.

[MtRev]

It's not that the game was winding down, it was more like different time zones, some people went to bed, some went to eat lunch. It was just a matter of time before it starts to pick back up again. It is nice to see things moving again though. =]

[geek-trader]

He should have a new round start every day at the time this one did.  That's about an hour after I get to work.  I would make bank hitting it at the start every day!

seriously, tho, someone told me it should have a random end time, and not tell us what that end time is until 5 minutes to go.  Now, that's gambling!

[MtRev]

I just noticed the limit has been up to 1.0 BTC instead of 0.5 BTC! This is nice, IMO.

[codler]

I just noticed the limit has been up to 1.0 BTC instead of 0.5 BTC! This is nice, IMO.

Yep it is going to increase. http://forum.bitcoin.org/index.php?topic=25118.msg327890#msg327890

[MtRev]

Thanks for the link, I missed out on a lot of the post and just clicking the send button over and over getting my placement. lol
I'm trying to multitask working on a project, replying to some post and playing this game at the same time. =]

[MtRev]

BitCatch Updates:

Max: 2 BTC
Current: 07-06 07:23:08 UTC
Ending:  07-07 18:34:13 UTC

It's about 2 more days before it ends!
--------------------------------------

Now, I understand why the Operator scripted the game with slow increments the way it is.
The game Operator is a genius, he clearly thought this through!

[geek-trader]

BitCatch Updates:

Max: 2 BTC
Current: 07-06 07:23:08 UTC
Ending:  07-07 18:34:13 UTC

It's about 2 more days before it ends!
--------------------------------------

Now, I understand why the Operator scripted the game with slow increments the way it is.
The game Operator is a genius, he clearly thought this through!

Yes!  the bigger bets clear the old backlog, pay those players, and make the game new again!  Genius!

[TheBitMan]

Why is it down? Maintenance?

[MtRev]

Yeah, it happens every morning. It will be back up when the Op is awake. lol

[TheBitMan]

oh lol

[thundertoe]

its back up and going strong. get in now while you can!

[Tronlet]

its back up and going strong. get in now while you can!

Returning a 500 Internal Server Error whenever I attempt to load it.

[TheBitMan]

its back up and going strong. get in now while you can!

Returning a 500 Internal Server Error whenever I attempt to load it.

same

[TheBitMan]

What's going on? Still down?

[thundertoe]

still down, hopefully he can add more time to the round equal to amount of time it is down.

[thundertoe]

Back up!

well it was for a few minutes.... getting the 504 again

[KorJax]

Seems to be up, "Round 2" link is completely broken though (500 internal error)

Not sure if I want to join this late into the game considering there are about 10-20 unpaid deposits into the game, half of which are "large" 2.0 pots, gonna be a while before it'll get to me before tomorrow

EDIT: Down again... this service seems pretty unreliable

[MtRev]

Last Active:    Today at 02:20:12 am

He has not logged in the whole day =[


However, I'm sure he will add back on the missing time. He seems to be a honest game operator.

[Tronlet]

I feel special, I just saw it in a rare flash of uptime too. Down again though, if you were hoping to visit.

[TheBitMan]

While it's down try mine!

http://bitmid.webs.com/

[KorJax]

While it's down try mine!

http://bitmid.webs.com/

No offense but that looks really sketchy. Not to mention zero transparency plus a zero refund policy on top of the fee you are already charging, plus the fact that you pretty much decide the end at will, keeping the btc in your complete control

No thanks!

[tysat]

While it's down try mine!

http://bitmid.webs.com/

No offense but that looks really sketchy. Not to mention zero transparency plus a zero refund policy on top of the fee you are already charging, plus the fact that you pretty much decide the end at will, keeping the btc in your complete control

No thanks!

Pretty much what I just said in the new thread he started about it.... the fee ranges from 4% to 40% because it's flat.

[MtRev]

No offense, but it's kind of rude posting your game on a different operators post with your game link. Also, I don't think you will get very far with a free hosting with banners ads.

I couldn't play if I wanted to anyway, all my coins are pending in BitCatch lol, Op needs to get on soon!

[TheBitMan]

No offense, but it's kind of rude posting your game on a different operators post with your game link. Also, I don't think you will get very far with a free hosting with banners ads.

Still the same concept It shouldn't change your mind.

[MtRev]

So you tell me it's ok for me to goto apple.com forums and start spamming my link selling a different brand of MP3 Players since it's the same concept?

[tysat]

No offense, but it's kind of rude posting your game on a different operators post with your game link. Also, I don't think you will get very far with a free hosting with banners ads.

Still the same concept It shouldn't change your mind.

All of your stuff looks sketch as hell.  The banner add in your sig is terrible too.

[TheBitMan]

Jeez i was just trying to make a quick alternative while it was down

[TheBitMan]

Why is this one still down? You guys are getting on me for mine looking sketchy...At least mine works

[MtRev]

I'm not bashing on your script, just don't like the idea of thead hiJacking. If I don't like your game, I just won't play it, that's all. But my comment about using a free hosting, it was just a suggestion to use a real paid server for many reasons.

Anyway, I wonder when Xyu is going to come back on. =[

[TheBitMan]

That's the only reason I made the site so you all had somewhere to go when not using his 
I moved the domain..so no ads 

[tysat]

Why is this one still down? You guys are getting on me for mine looking sketchy...At least mine works

I should have also stated that this one is sketch as well, seems to go down many times a day.

[MtRev]

Yeah, i'm a bit disappointed as well. I wonder if he is hosting it on a home computer

Xyu, I have a dedicated server which I can make you an FTP account (for free) if you need to one to keep it running smoothly.

[TheBitMan]

Yeah, i'm a bit disappointed as well. I wonder if he is hosting it on a home computer

Xyu, I have a dedicated server which I can make you an FTP account (for free) if you need to one to keep it running smoothly.

What's an FTP I would like a server I would pay..

[MtRev]

File Transfer Protocol, it's for uploading files.

[TheBitMan]

File Transfer Protocol, it's for uploading files.

o

[ananas5]

While it's down try mine!

http://bitmid.webs.com/

Site created with Weebly isn't really convincing.

[tysat]

While it's down try mine!

http://bitmid.webs.com/

Site created with Weebly isn't really convincing.

Along with someone who doesn't know what FTP is....

[TheBitMan]

I'm working on a site that is scripted

[TheBitMan]

Sooooooo.......

Bitcat.ch is still down... Let's talk about different games/sites in different threads and talk about Bitcat.ch here!!

Here we go again. I already said I posted it so people can be entertained while this was down.

[MtRev]

Here we go again. I already said I posted it so people can be entertained while this was down.

It's fine, forget it, lets get back on topic.. . When is Xyu coming back?!

[TheBitMan]

If it's automated why is it down while he sleeps? Or was that a joke earlier..

[MtRev]

The script crashes daily, from what I can tell at least. Round one was beta, just a test run with no fees. Round two (this current round) had some new features, so I guess it's still not running correctly.

However, the game Op did refund us for round one when the script just hung there, so I think it's safe to assume he will add back on the missing amount of time or he would refund us as he did in the past. Normally he comes on daily, but for some reason he didn't today.

[Tronlet]

BTW, he's replaced it with a top-level domain, at http://www.btclottery.info/

I have no clue of its veracity as I haven't been paid out yet, but it seems to be ok, at least one other guy as of right now has been paid out: https://forum.bitcoin.org/index.php?topic=26625.0

Seems ok enough, even if not automated.

[Alex Beckenham]

BTW, he's replaced it with a top-level domain, at http://www.btclottery.info/

Nevermind, I thought you were saying xyz owned that one. My mistake.

[MtRev]

Alright, Xyu is back online and the game is up and running!

[Tronlet]

Yeah, looks like it's up for good this time, all past transactions are now displaying instead of just the active ones.

[MtRev]

BitCatch Update!

Old Ending:    07-07-2011  / 18:34:13 UTC
New Ending:   07-08 2011  / 18:34:13 UTC    

Current time: 07-07 2011  / 08:35:00 UTC    

The ending time had been adjusted to make up for the loss downtime!
We still have almost 2 full days before a new round starts!

[MtRev]

Yeah, this game is nice, I'm making decent amount of coins with this

[TheBitMan]

BTW, he's replaced it with a top-level domain, at http://www.btclottery.info/

I have no clue of its veracity as I haven't been paid out yet, but it seems to be ok, at least one other guy as of right now has been paid out: https://forum.bitcoin.org/index.php?topic=26625.0

Seems ok enough, even if not automated.

Just waiting for more people to enter..

[MtRev]

Don't you get tired of hijacking threads? lol

[thundertoe]

Nice to see xyu taking good care of the game. site is up and stable since the fix and game time extended. Im in for more, lets go everyone. Still plenty of time before round ends.

[MtRev]

So close to getting paid again, can't wait to go back in!

[Jimerson]

I'm in as well. Let's keep this round rolling!

[MtRev]

I think people worried because last time it went down for the whole day, but they don't understand that the admin added back on more time to make up for it. The game op is pretty honest from what I can see so far and I believe he/she can be trusted.

[MtRev]

I offered to host this game for him for him, but I think he may had got offended since he never heard back from him since. :p

[xyu]

When does round 3 start?

I'm thinking, I will make 3rd round a little bit different and start it in Sunday.

[codler]

When does round 3 start?

I'm thinking, I will make 3rd round a little bit different and start it in Sunday.

Why not today?

[xyu]

When does round 3 start?

I'm thinking, I will make 3rd round a little bit different and start it in Sunday.

Why not today?

I could, but I think it will be much more interesting to make round different from previous. Although, it is possible to start one round today, and next in Sunday, and they will run simultaneously.

[codler]

I would like today after round 2 

[freaker]

Yeah. It would be great if next round comes after 2nd

[xyu]

Sent 0.882017853 BTC to the last player with confirmed entry, txid - b78483c46293de11996da8d1fcf7ef763d0a9d04288a45b7ade208d0f651bee4

[xyu]

So is Round 3 going to come right after Round 2 ends?

Or is xyu going to wait a while to start Round 3?

Yep Round 3 starts in a couple of minutes

[xyu]

I did 0.1-0.5 limits first, but then I saw that some guys made a lot of 2 BTC bets, and I decided to rise limit to 2 BTC

[adalov]

You should probably update the original post. Even though the limits are on the site, the person who just put 5 btc in might have been in the mindset of round 1 after reading the op.

[xyu]

You should probably update the original post. Even though the limits are on the site, the person who just put 5 btc in might have been in the mindset of round 1 after reading the op.

Updated

[xyu]

If someone wonders why is it all the first entries appeared in the same time that's because it the time when transaction appeared in the first block.

[TheBitMan]

It's much slower than it usually was. You should advertise on http://www.operationfabulous.com/

[adalov]

The bet limit is also 4x higher, meaning there are 2-4x less transactions since many people are placing multiple bets. It's probably about the same, just less redundant bets.

[TheBitMan]

True but since we are betting higher that makes it seem like it's going slower. That's actually just what you said lol.

[TheBitMan]

There is one problem with his site that we all have to admit...it's EXTREMELY addicting!

[TheBitMan]

I think you should increase the minimum so people get paid out quicker 
And you scared me for a second when it went offline

[geek-trader]

It's back.  Yes!

I missed the very start of the round, but I'm for 2 now.

[natobombs]

how long does the payout usually take? and how do you know if you won anything?

[adalov]

Payout is as soon as it's available. Your receiving address that you input will be next to your deposit in the list. As soon as there is enough money in the pot, you get paid out, so you just have to wait until you're the next in line.

[natobombs]

its been 48hours it that normal?

[geek-trader]

its been 48hours it that normal?

find yourself on the list, by your receiving address.  Then you can estimate how many more people need to enter for you to get paid.

[adalov]

If it's been 48 hours you likely played in the last round. Each round will end at the time indicated on the website. Anyone not paid out by the end of the round will not be paid out at all.

[geek-trader]

If it's been 48 hours you likely played in the last round. Each round will end at the time indicated on the website. Anyone not paid out by the end of the round will not be paid out at all.

That's why it's called "gambling"   

[MtRev]

Today is the first day of the round, the earlier you join the better your chances.

[pbj sammich]

nm my fault

[KorJax]

Hmm I wonder...

How long does it take to get a payout usually? It appears as if there's enough to fill my 1.2 btc payout ahead of me but it still says I'm unpaid. I wonder if it only does payout if I have confirmations on my end of the client, or maybe the script only does payout at X time during the day?

[adalov]

Someone thought the same earlier in the thread. Basically the way it works is people deposit money, then get paid out 1.2 times the amount they put in. So because of this, if someone deposits 1 BTC, then you deposit 1 BTC, they get paid out their 1.2 BTC but now there is only .8 BTC left in the pot. Over time this gap grows larger, so the people in front of you are simply paying off that larger debt. On a larger scale, imagine a total of 100 BTC has been deposited, that means there will be 20 BTC worth of deposits that are unpaid.

This is why it's a pyramid scheme/gamble, there is no way everyone can get paid out and there's going to be some losers in the end. Bernie Madoff was discovered because it went on long enough that the gap was billions of dollars large, we're just dealing with a few BTC.


If you want to figure out how much is left before you get paid you can do it the quick way or the long way:

Long way: Sum up all the deposits, then subtract the paid amounts, then subtract the 3% fee from each deposit (easy to do with spreadsheets). This will leave you with the current amount left in the pool. Then you can use that to subtract from the total BTC left before you're paid out to get the exact amount.

Short way: Assume the pot is 0. Add up all unpaid deposits up to and including your own. This is a rough estimate of how much before you're paid.

[Jimerson]

This round is going very well. I have been paid out 2 times now and re-invested.

[done]

 

[Mageant]

Short way: Assume the pot is 0. Add up all unpaid deposits up to and including your own. This is a rough estimate of how much before you're paid.

Actually I think a better way is to check how long it took for the last winnings to be paid out (difference between time bitcoin was put in and the time winnings were paid out).

For example the current last payment (to 1LYQigFJFWCamaJiPeSQotAUHxVpgC8AB6) took about 18 hours. So this will probably be the minimum time you will need to get your winnings, probably longer. The estimated duration grows exponentially until it is longer than the time left in the game. At which point you shouldn't play anymore.

[KorJax]

Someone thought the same earlier in the thread. Basically the way it works is people deposit money, then get paid out 1.2 times the amount they put in. So because of this, if someone deposits 1 BTC, then you deposit 1 BTC, they get paid out their 1.2 BTC but now there is only .8 BTC left in the pot. Over time this gap grows larger, so the people in front of you are simply paying off that larger debt. On a larger scale, imagine a total of 100 BTC has been deposited, that means there will be 20 BTC worth of deposits that are unpaid.

This is why it's a pyramid scheme/gamble, there is no way everyone can get paid out and there's going to be some losers in the end. Bernie Madoff was discovered because it went on long enough that the gap was billions of dollars large, we're just dealing with a few BTC.


If you want to figure out how much is left before you get paid you can do it the quick way or the long way:

Long way: Sum up all the deposits, then subtract the paid amounts, then subtract the 3% fee from each deposit (easy to do with spreadsheets). This will leave you with the current amount left in the pool. Then you can use that to subtract from the total BTC left before you're paid out to get the exact amount.

Short way: Assume the pot is 0. Add up all unpaid deposits up to and including your own. This is a rough estimate of how much before you're paid.

Except more and more people keep depositing into this, yet the last paid person has been the same for 24 hours or so. No one is getting payouts. I doubt it takes 30+ people, of which many are putting in 2+ BTC into this, to pay off one guy who is expected to get 2.4 BTC when everyone else behind him is already paid. AKA he is "next in line"... and has been for well over a day now. Still hasn't gotten a payout, which makes me think that this thing only pays when the owner decides it to.

[edd]

Someone thought the same earlier in the thread. Basically the way it works is people deposit money, then get paid out 1.2 times the amount they put in. So because of this, if someone deposits 1 BTC, then you deposit 1 BTC, they get paid out their 1.2 BTC but now there is only .8 BTC left in the pot. Over time this gap grows larger, so the people in front of you are simply paying off that larger debt. On a larger scale, imagine a total of 100 BTC has been deposited, that means there will be 20 BTC worth of deposits that are unpaid.

This is why it's a pyramid scheme/gamble, there is no way everyone can get paid out and there's going to be some losers in the end. Bernie Madoff was discovered because it went on long enough that the gap was billions of dollars large, we're just dealing with a few BTC.


If you want to figure out how much is left before you get paid you can do it the quick way or the long way:

Long way: Sum up all the deposits, then subtract the paid amounts, then subtract the 3% fee from each deposit (easy to do with spreadsheets). This will leave you with the current amount left in the pool. Then you can use that to subtract from the total BTC left before you're paid out to get the exact amount.

Short way: Assume the pot is 0. Add up all unpaid deposits up to and including your own. This is a rough estimate of how much before you're paid.

Except more and more people keep depositing into this, yet the last paid person has been the same for 24 hours or so. No one is getting payouts. I doubt it takes 30+ people, of which many are putting in 2+ BTC into this, to pay off one guy who is expected to get 2.4 BTC when everyone else behind him is already paid. AKA he is "next in line"... and has been for well over a day now. Still hasn't gotten a payout, which makes me think that this thing only pays when the owner decides it to.

It's an automated game. Do the math and you'll see that the pot hasn't reached 2.4 BTC yet.

[xyu]

It actually has reached 2.7177 BTC but it needs 2.88   to be paid out.

[edd]

My mistake. I was thinking of the bet, not the winnings.

[KorJax]

How hasn't the pot reached 2.8 BTC when there are dozens of people after him that have put in the same amount? That doesn't make any logical sense. There aren't any payouts happening as far as I can see, assuming the last person who was paid made the pot go back down to zero as a worst case scenario (since it obviously can't be negative).

Basically: I don't understand how the "next in line" is still waiting for the pot to reach 2.8 BTC when there are dozens of people who have put into the pot after him that more than fill the 2.8 requirement.

[adalov]

How hasn't the pot reached 2.8 BTC when there are dozens of people after him that have put in the same amount? That doesn't make any logical sense. There aren't any payouts happening as far as I can see, assuming the last person who was paid made the pot go back down to zero as a worst case scenario (since it obviously can't be negative).

Basically: I don't understand how the "next in line" is still waiting for the pot to reach 2.8 BTC when there are dozens of people who have put into the pot after him that more than fill the 2.8 requirement.

Then do the math.

Edit: Went ahead and did it for you:  https://spreadsheets.google.com/spreadsheet/ccc?hl=en_US&hl=en_US&key=t33pqDmUO-yM4ggHdR_z6Lg#gid=0

[KorJax]

I'm still not understanding how the total deposits are at 222 BTC but yet according to your math there is 216 paid when there is clearly more than 6 BTC unpaid. Unless the total paid in your chart = the estimate, after fees.

As such I don't see how the pot is at 2.77 BTC with many people who have desposited into it since the last payout.

[geek-trader]

I'm still not understanding how the total deposits are at 222 BTC but yet according to your math there is 216 paid when there is clearly more than 6 BTC unpaid. Unless the total paid in your chart = the estimate, after fees.

As such I don't see how the pot is at 2.77 BTC with many people who have desposited into it since the last payout.

adalov's spreadsheet is not clear enough for you?  It's all there in black and white.

[adalov]

There is 222 total deposited. The operator takes a 3% fee, so after fees there is 216 deposited that can be used to pay people out. Of that, about 213 has been paid out, leaving 2.75 in the pot.  Where it seems you're getting confused is the same place someone was earlier in this thread by assuming the game started with the last person that was paid out.

Lets start a fake game with 0% fees.

Deposit	Paid
10	12
10	12
10	12
2	2.4
2	2.4
2	2.4
2	2.4
2
2
2
2

According to you there is more than enough to pay the next person off, but in reality there is less. This is because when a deposit is paid out, that much comes out PLUS another 20%! In order to get paid out, someone has to add that extra amount. BUT, this extra 20% "debt" keeps adding up as more deposits come in. So even though someone has been paid out, that debt still exists.

In the example given, when the second person deposits their 10 BTC, there is 8 BTC left in the pot, NOT 10BTC. So now someone has to put in 4 BTC just to pay him out. For the third person, there is only 6 BTC left in the pot. Over time that debt gets larger and larger to the point where the later players may not even pay someone out anymore.


Hopefully this clears it up a bit more.

[MtRev]

As soon as I get paid out again, I'm going back in, there still a lot of time left to cycle.

[Jimerson]

As soon as I get paid out again, I'm going back in, there still a lot of time left to cycle.

I'm going to do the same. There is quite a bit of time left. I think once we get back to the week, it will swing back up again.

[MtRev]

It's usually the people who has doubt that gets in too late. I remember people getting scared to get in since round one, and each round i got to cycle at least 3x!
:]

(fortune favors the braves!)

[KorJax]

There is 222 total deposited. The operator takes a 3% fee, so after fees there is 216 deposited that can be used to pay people out. Of that, about 213 has been paid out, leaving 2.75 in the pot.  Where it seems you're getting confused is the same place someone was earlier in this thread by assuming the game started with the last person that was paid out.

Lets start a fake game with 0% fees.

Deposit	Paid
10	12
10	12
10	12
2	2.4
2	2.4
2	2.4
2	2.4
2
2
2
2

According to you there is more than enough to pay the next person off, but in reality there is less. This is because when a deposit is paid out, that much comes out PLUS another 20%! In order to get paid out, someone has to add that extra amount. BUT, this extra 20% "debt" keeps adding up as more deposits come in. So even though someone has been paid out, that debt still exists.

In the example given, when the second person deposits their 10 BTC, there is 8 BTC left in the pot, NOT 10BTC. So now someone has to put in 4 BTC just to pay him out. For the third person, there is only 6 BTC left in the pot. Over time that debt gets larger and larger to the point where the later players may not even pay someone out anymore.


Hopefully this clears it up a bit more.

Thank you, this clears up things a bit. So the game is at the point now that because so many people have deposited, it's extremely unlikely that someone who joins now will get paid out? Just saying based on the fact it seems to be taking a full 24 hours to pay off one guy who despoited 2.4 BTC with this many people playing at this stage in the game.

[TheBitMan]

I think he should end the game and have one round every day.

[KorJax]

This needs more attention! Still have about 4-5 days left.

[MtRev]

Well, it looks harder becasue people only bidding 0.01 - 0.1 BTC.
When people start to bid the higher again, it will easily clear up.

Also, I think its a bad idea to have 2 games running at once.

[Konzul]

Well, it looks harder becasue people only bidding 0.01 - 0.1 BTC.
When people start to bid the higher again, it will easily clear up.

Also, I think its a bad idea to have 2 games running at once.

Yeah I agree. Its unfair to start the new round while the old one is still running. Diverts new people away and leave us stuck.

[KorJax]

Wow wtf...

nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...

I'm out.

[TheBitMan]

He has a right to do that it says that you can loose them. That's why you have to be first in a pyramid.

[TheBitMan]

Wow wtf...

nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...

I'm out.

It's actually still running

[xyu]

Wow wtf...

nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...

I'm out.

It wasn't spontaneous decision to start round #4 before round #3 ends, earlier (on page 14) I said that I'm going to start new round in Sunday, but I even waited another two days and started it on Tuesday, so I don't understand  why you complain about 'army' of people unpaid, this is pyramid game and eventually it goes slower and slower and there always will be army of unpaid people.

[Tronlet]

Disregard, looks like the order of payout for payments that got through on Jul 13 02:42:11 got shuffled around for some reason. Some payouts stayed at the same place before and after a refresh, thus the confusion.

Is there a problem with payouts?

Payments underneath the red line were made after payouts reached the level they are currently at (the 545c pay hash). Considering that that is 4.82 bitcoins, shouldn't payouts have progressed?

[MtRev]

I understand it's a pyramid, but because I do, i expected a certain outcome which would of happened as expected. However, without warning, round 4 started and everyone abandoned round 3. If you would had gave us a fair warning, I wouldn't had kept putting back in.

[TheBitMan]

I understand it's a pyramid, but because I do, i expected a certain outcome which would of happened as expected. However, without warning, round 4 started and everyone abandoned round 3. If you would had gave us a fair warning, I wouldn't had kept putting back in.

I think there should only be one round at a time. I like the jackpot idea though.

[adalov]

What is the pot at currently? My spreadsheet says there is just enough to pay out, but it hasn't yet.

[Tronlet]

I've noticed delays, maybe it's because of bitcoin transactions?

Don't forget to factor in the 5% jackpot fee and the 0.03 fee that goes to the owner.

Edit: I think we're meant to be discussing here now though.

[adalov]

No, I'm not referring to Round 4, I'm referring to Round 3. Round 3 does not have a jackpot, and I'm taking into account the 3% fee. Payouts have always been immediate after a deposit.

Edit: And there it goes with a newer bet, must have been very close.

[Coin.Karma]

isnt round 3 over....who won the round, had my try at one, who is the lucky guy...
cheers

[xyu]

Last player in round #3 got 0.4 btc, though pot was only 0.09 btc. Tx id http://blockexplorer.com/tx/acfb99a6426a43a41ab65ddc9730b83d661ab85ec9aa125f13760cee1ee993ac
And another player sent btc, but his transaction wasn't confirmed before the end of round, and he got his coins back - http://blockexplorer.com/tx/163ad0f3ce2ba9e07536d012b2e934d5722aa68b6931984a372de6aa26bdb7ca

[TTBit]

Last player in round #3 got 0.4 btc, though pot was only 0.09 btc. Tx id http://blockexplorer.com/tx/acfb99a6426a43a41ab65ddc9730b83d661ab85ec9aa125f13760cee1ee993ac
And another player sent btc, but his transaction wasn't confirmed before the end of round, and he got his coins back - http://blockexplorer.com/tx/163ad0f3ce2ba9e07536d012b2e934d5722aa68b6931984a372de6aa26bdb7ca

So round #3 is over, even though someone has placed a wager within the last 24hrs?

[xyu]

Last player in round #3 got 0.4 btc, though pot was only 0.09 btc. Tx id http://blockexplorer.com/tx/acfb99a6426a43a41ab65ddc9730b83d661ab85ec9aa125f13760cee1ee993ac
And another player sent btc, but his transaction wasn't confirmed before the end of round, and he got his coins back - http://blockexplorer.com/tx/163ad0f3ce2ba9e07536d012b2e934d5722aa68b6931984a372de6aa26bdb7ca

So round #3 is over, even though someone has placed a wager within the last 24hrs?

Round #3 has different rules, that's why i started special thread for round #4.

[TTBit]

Last player in round #3 got 0.4 btc, though pot was only 0.09 btc. Tx id http://blockexplorer.com/tx/acfb99a6426a43a41ab65ddc9730b83d661ab85ec9aa125f13760cee1ee993ac
And another player sent btc, but his transaction wasn't confirmed before the end of round, and he got his coins back - http://blockexplorer.com/tx/163ad0f3ce2ba9e07536d012b2e934d5722aa68b6931984a372de6aa26bdb7ca

So round #3 is over, even though someone has placed a wager within the last 24hrs?

Round #3 has different rules, that's why i started special thread for round #4.

arggh, so the rules to the right on round #3 don't apply to round #3? Those people investing at 18:29:50 must have expected a miracle!

enjoy my 0.30 coins whoever at the top!

[xyu]

arggh, so the rules to the right on round #3 don't apply to round #3? Those people investing at 18:29:50 must have expected a miracle!

enjoy my 0.30 coins whoever at the top!

Oh shi~, I forgot about rules on the sidebar, my fault.

[xyu]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

[Tronlet]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

Awesome!

[edd]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

Awesome!

That does sound much more exciting.

[TTBit]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

min/max?

sounds scary. Do funds need to clear 2 confirms by sunday 20:00? Do you expect a 5,000 btc deposit with 1 minute to go?

[Tronlet]

Round 4 will end, the jackpot is keeping it going but the jackpot just makes it like penny auctions IMO, and penny auctions have to end at some point.

The gap is too enormous, unless it goes on for much much longer I don't think anyone putting money in now is seriously considering getting their money back, they're just trying to "bid" on the jackpot. Eventually the interested bidders will give up (can't bid 0.3 too many times without your expenses being more than the jackpot itself), and one will win.

[crazy987]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

will round 4 continue or will you stop it?

[codler]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

will round 4 continue or will you stop it?

it will continue

[Einewton]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

NOOO!!!! I put down 1.2 and .5 the other day.. Why the announcement now, can't you give it another week so I have the chance to get it back at least? Please!?!?!

[Bananington]

Ok guys, have a little announcement for you  
This Friday Bitcatch is gonna rock again, new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC. New round starts with ratio 1.2 and 5% from each bet will go to the jackpot. The jackpot will be send to address with largest total value of bitcoins deposited in second day of the game, this means the more you bet in the second day then higher you chances to win jackpot. The site will show live stats and you'll be able to see who might win jackpot and make your bets based on that info.

Rules may change slightly before Friday.

NOOO!!!! I put down 1.2 and .5 the other day.. Why the announcement now, can't you give it another week so I have the chance to get it back at least? Please!?!?!

I'm screwed myself. I entered my whole wallet(1.0705BTC, not much but it's what i've got) But it's due to my own ignorance. >.< *shame*

BTW I'm getting the "Bad Gateway" error. Anyone else getting this? Just when I really need entries to maybe make my money back before tomorow. Oh the feeling of hopelessness...

[xyu]

NOOO!!!! I put down 1.2 and .5 the other day.. Why the announcement now, can't you give it another week so I have the chance to get it back at least? Please!?!?!

Round #4 is still running and will be running until someone get the jackpot, the upcoming round is short one it will be running only for a weekend.

[Einewton]

Thanks Broth'a.. What time exactly are you starting this round? I want to get in early :p

[Einewton]

...

new round starts July 22 at  20:00 (8pm) UTC ends at Sunday at 20:00 (8pm) UTC

...

Thank you, I missed that..

[xyu]

Site is down just before new round starts!!!!

Is this planned, or another problem with the site?

I'm deploying new version =)

[xyu]

Site is overloaded =(

[geek-trader]

Site is overloaded =(

We are all so eager to get in at the beginning! 

[Tronlet]

Might want to invest in better servers.

[adalov]

Raising the max to 1 would decrease traffic by a little

[MasonIII]

Site is overloaded =(

Hey, one of my entries didn't show up in unconfirmed entries.  It was entry number 2 out of 4 with the address 18tk4h9mVbQj2m2wnRzc87jtoenrsgdCSu and was for 0.5.  Should I be worried because the other 3 entries before and after showed up.

edit: for now, now 2 entries seem to have disappeared when everything moved from confirmations and stuff.

Resolved! Thanks!

[geek-trader]

Paid already!  Sweet!  I'll be back in ASAP.  I like that you upped the max to 1, also.

[xyu]

Site is overloaded =(

Hey, one of my entries didn't show up in unconfirmed entries.  It was entry number 2 out of 4 with the address 18tk4h9mVbQj2m2wnRzc87jtoenrsgdCSu and was for 0.5.  Should I be worried because the other 3 entries before and after showed up.

edit: for now, now 2 entries seem to have disappeared when everything moved from confirmations and stuff.

send me pm with your transaction details

[adalov]

You said the jackpot goes out to the person that puts the most in on the second day. When does the second day start? Is it 00:00:00 UTC time, or is it 20:00:00, aka 24 hours after it started?

[xyu]

You said the jackpot goes out to the person that puts the most in on the second day. When does the second day start? Is it 00:00:00 UTC time, or is it 20:00:00, aka 24 hours after it started?

24 hours from the beginning

[Djao]

I love this game!

[adalov]

11 BTC jackpot, wow!

[Einewton]

This game is popular!

[adalov]

Time to get in before the rush for the jackpot begins

[Einewton]

This is soooo cool! Made me a truckload of BTC

[adalov]

Race for the jackpot has started!

[MasonIII]

Race for the jackpot has started!

Haha, doesn't seem to be much of a race. Maybe I'll get lucky 

[Einewton]

The people with a ton of BTC's are waiting till the end, so they don't have to deposit more than they have to in order to win.

[adalov]

Race for the jackpot has started!

Haha, doesn't seem to be much of a race. Maybe I'll get lucky 

Indeed, figured this would happen but was hopeful for new deposits as I have about 20 BTC waiting lol. On the bright side I still have about 3 BTC, which is what I had before I started playing bitcatch. Earning 20BTC was fun, good to know it's getting circulated around

[geek-trader]

sorry to spam, but

http://bitcoinsurf.net/kingofthemountain/

just started 40 minutes ago.  The timer on the page is wrong - it goes for a week.

I've won from this guy before.  Go for it.

(I've spammed bitca.th on other threads before, so payback is fair game)

[geek-trader]

sorry to spam, but

http://bitcoinsurf.net/kingofthemountain/

just started 40 minutes ago.  The timer on the page is wrong - it goes for a week.

I've won from this guy before.  Go for it.

(I've spammed bitca.th on other threads before, so payback is fair game)

timer fixed.  Still plenty of time to get in and still be early.

[Ssoele]

Hmm, is it just me or does the list not update? Just did some transactions, they appeared in the unconfirmed list, after they were confirms, they didn't appear in the list of confirmed entries.  

EDIT

They just did.

[pbj sammich]

Hmm, is it just me or does the list not update? Just did some transactions, they appeared in the unconfirmed list, after they were confirms, they didn't appear in the list of confirmed entries.  

EDIT

They just did.

you the on with the 7.5 just recently haha?

[xyu]

We have a winner - 1ATtPUxord9Dso9jU8dufhDc5aMSsN55Ek Congratulations   

[Ssoele]

Hmm, is it just me or does the list not update? Just did some transactions, they appeared in the unconfirmed list, after they were confirms, they didn't appear in the list of confirmed entries.  

EDIT

They just did.

you the on with the 7.5 just recently haha?

How did you know? 

We have a winner - 1ATtPUxord9Dso9jU8dufhDc5aMSsN55Ek Congratulations   

That's me ^^, first time winning something on bitcat.ch

[pbj sammich]

Hmm, is it just me or does the list not update? Just did some transactions, they appeared in the unconfirmed list, after they were confirms, they didn't appear in the list of confirmed entries.  

EDIT

They just did.

you the on with the 7.5 just recently haha?

How did you know? 

We have a winner - 1ATtPUxord9Dso9jU8dufhDc5aMSsN55Ek Congratulations   

That's me ^^, first time winning something on bitcat.ch

I figured it was you as I was watching pretty closely too  Was that all you had?

Congratulations to you for the win

[Ssoele]

Hmm, is it just me or does the list not update? Just did some transactions, they appeared in the unconfirmed list, after they were confirms, they didn't appear in the list of confirmed entries.  

EDIT

They just did.

you the on with the 7.5 just recently haha?

How did you know? 

We have a winner - 1ATtPUxord9Dso9jU8dufhDc5aMSsN55Ek Congratulations   

That's me ^^, first time winning something on bitcat.ch

I figured it was you as I was watching pretty closely too  Was that all you had?

Congratulations to you for the win

Still had an other BTC 2.0 in reserve if someone bit higher

[geek-trader]

When does the next round start?

Yes, we want to overload your site with deposits again! 

[Tronlet]

Judging by the homepage, it looks like another weekend round is going to start at the same time as the other.

Xyu, is it going to have the same structure and rules, such as bidding on the jackpot and a 48 hour long game?

[xyu]

Judging by the homepage, it looks like another weekend round is going to start at the same time as the other.

Xyu, is it going to have the same structure and rules, such as bidding on the jackpot and a 48 hour long game?

Yes

[Tronlet]

Judging by the homepage, it looks like another weekend round is going to start at the same time as the other.

Xyu, is it going to have the same structure and rules, such as bidding on the jackpot and a 48 hour long game?

Yes

Excellent!

[pbj sammich]

wow fast and furious start to the weekend round lol

[Bananington]

wow fast and furious start to the weekend round lol

xyz, we just pounded your server. I feel satisfied.

[TheBitMan]

Why is it only .50 max??

[pbj sammich]

Why is it only .50 max??

umm yeah, was supposed to be same format as last week???

[adalov]

The max always starts at .5 to give those with less coins a more likely shot at getting in early. It's raised as the game goes on.

[TheBitMan]

The max always starts at .5 to give those with less coins a more likely shot at getting in early. It's raised as the game goes on.

oh ok

[geek-trader]

Why is it only .50 max??

He starts low and increases later.

[Djao]

can't believe it takes so long for the next block to be found ...

[Bananington]

can't believe it takes so long for the next block to be found ...

I was thinking the same thing.

[pbj sammich]

can't believe it takes so long for the next block to be found ...

it's fast when you aren't watching...

I'm having the same feeling about the clock as wait to get out of work heh

[Djao]

it guess it's just bad luck, see what happened around 19:45

138688    725b5158e7...    2011-07-29 19:46:49    18    256.47727477    12.219
138687    8f42ff15dd...    2011-07-29 19:45:49    48    1061.94565543    12.843
138686    4770fe747f...    2011-07-29 19:41:33    136    10602.32002756    49.121

3 blocks in 5 mins, we could use that now 

[jg]

I'm not seeing all of the deposits I sent in showing up (as confirmed or un-confirmed). Anyone else have this issue?

[Dragonlord]

I'm not seeing all of the deposits I sent in showing up (as confirmed or un-confirmed) Anyone else have this issue?

Yes, 4 of my 6 deposits are missing too  

Edit: My last deposit got just paid out. But my first 4 deposits are still missing.

[adalov]

I'm missing 9 deposits myself.

[jg]

I'm missing 9 deposits myself.

  Ouch! I thought I was bad with 3 missing...

[Bananington]

I'm missing 1 deposit and it is confirmed by bitcoins.

I appeared in the list and I got paid. Wewters!

[xyu]

Sorry guys, there was error in game logic, all missing bets will be sent back to their receiving addresses.

[geek-trader]

Sorry guys, there was error in game logic, all missing bets will be sent back to their receiving addresses.

thanks

[Bananington]

Sorry guys, there was error in game logic, all missing bets will be sent back to their receiving addresses.

Thank you... :,(
Poor game logic.

[Djao]

DDoS via Bitcoins 

[adalov]

All my deposits are back, with most of them paid out

[geek-trader]

All my deposits are back, with most of them paid out

2 of my missing 3 have appeared, still missing 1

[jg]

All my deposits are back, with most of them paid out

Me too. He must have fixed the game logic!

[xyu]

Oh guys, Oh guys, I was getting to pay everyone who have missed deposits and at the same time I had fixed bug and deployed new code. I was so stupid that instead of paying all entries back, now all missed entries are in game, but, because they were processed long after there already been all other deposits, some of the missed deposit didn't get paid  

[Bananington]

Oh guys, Oh guys, I was getting to pay everyone who have missed deposits and at the same time I had fixed bug and deployed new code. I was so stupid that instead of paying all entries back, now all missed entries are in game, but, because they were processed long after there already been all other deposits, some of the missed deposit don't get paid  

I'm confused, but I am satisfied with your service, does that make you feel better?

[geek-trader]

Oh guys, Oh guys, I was getting to pay everyone who have missed deposits and at the same time I had fixed bug and deployed new code. I was so stupid that instead of paying all entries back, now all missed entries are in game, but, because they were processed long after there already been all other deposits, some of the missed deposit don't get paid  

I'm Ok with that, but I still have 1 missing deposit.

[Dragonlord]

All except 1 of my deposits have now been payed out.
The remaining one is now 7th in line to be paid.
It is still early in the game, so I'm glad the deposits were added to the game instead of being returned.

Edit: WTF! It's gone again. It was 7th in line to get paid out and now it has disappeared again!
The address is 12Fz925or3w2s67BTL2sJEVHDaNmqCM1gD

Edit2: Never mind. It's back again. 4th in line now 

[adalov]

Looks like the activity has increased, so my guess is any missed deposits will get paid out. My last two unpaid ones will be paid after the next block

[Djao]

What I love most about this game is, that it pays even when errors occur.

But it would have been better to announce the new round in a seperate thread. That would have attracted even more people I guess.

[Dragonlord]

I sure hope this game gets fixed for next round.
This round has been a real mess.
Deposits have been payed out in reverse order and unpaid ones keep disappearing and reappearing.  

[geek-trader]

Xyu:  would a screenshot of my client with all the entires and the address sent to help you find my 1 remaining missing entry?

[geek-trader]

I sure hope this game gets fixed for next round.
This round has been a real mess.
Deposits have been payed out in reverse order and unpaid ones keep disappearing and reappearing.  

I sympathise with your statement, but this is actually one of the better run ponzi games. 

[Bananington]

So the person who wins the jackpot is the person(address) who has deposited the most money during the course of the round?

[adalov]

During the course of the second day of the round. So starting at 8 PM UTC tomorrow. The stats are tracked at the top when the race for the jackpot starts.

[pbj sammich]

So the person who wins the jackpot is the person(address) who has deposited the most money during the course of the round?

the most on day 2 i believe

[xyu]

Xyu:  would a screenshot of my client with all the entires and the address sent to help you find my 1 remaining missing entry?

Yes, send me PM

[Dragonlord]

I sure hope this game gets fixed for next round.
This round has been a real mess.
Deposits have been payed out in reverse order and unpaid ones keep disappearing and reappearing.  

I sympathise with your statement, but this is actually one of the better run ponzi games. 

Yes, I agree, it's one of the best ponzi games (if not the best). I just wish it weren't so buggy.

My last "missing" entry just got payed out.

[geek-trader]

As I already knew he was, XYU is an honest game operator and he squared up with me.    All is well.  Lets get back in!

[Djao]

I think one of my deposits is also missing, but I'll check tomorrow with a clear head ... not worried though, if it's missing, it'll sure show up sometime.

[Tronlet]

None of my deposits are missing, just saying so there's one less thing for xyu to worry about.

[pbj sammich]

what is everyone waiting for the day hour to chime to deposit now ? 

[Bananington]

what is everyone waiting for the day hour to chime to deposit now ? 

I have no idea of the time zone difference. Is it now day 2?

[geek-trader]

yes, as of 14 minutes ago

http://www.timezoneconverter.com/cgi-bin/tzc.tzc

[Tronlet]

I just memorize the hour difference between my timezone and GMT/UTC. Don't forget to account for any daylight savings shifts if your country has such a thing.

[Djao]

xyu, please check your PMs!

[xyu]

Yep, PM checked.
And we have a winner of the round #6 - http://blockexplorer.com/address/1LmzPdipDAdrZHQZKvK8dbjxGdDcvnsLLz congratulations 

[geek-trader]

Yep, PM checked.
And we have a winner of the round #6 - http://blockexplorer.com/address/1LmzPdipDAdrZHQZKvK8dbjxGdDcvnsLLz congratulations 

How much did they put in?  I was busy away from the comp so I didn't get to bid, or watch the final.

[pbj sammich]

^ 2.374 was the total for the jackpot winner

so i see deposits confirmed after the game was over? just has to sent before the game was over i guess

[xyu]

^ 2.374 was the total for the jackpot winner

so i see deposits confirmed after the game was over? just has to sent before the game was over i guess

These transactions confirmed after the game was over, but they actually were made before the end of the round

[pbj sammich]

^ 2.374 was the total for the jackpot winner

so i see deposits confirmed after the game was over? just has to sent before the game was over i guess

These transactions confirmed after the game was over, but they actually were made before the end of the round

that's what i said....

anyway, i think it would be fun to do a 24 hour game with the same format is the weekend one. There was pretty much a lull after the first day, and having the most donation in one 24 hour period for the jackpot could be VERY interesting

[Djao]

Just wanted to post what a great operator we have with xyu. One of my deposits from Saturday was really missing, but he checked it and I got the missing deposit back. Thanks again xyu!

This is really the best ponzi game around!

[m4dhatter]

Did round 5 start? When I click the link all I see is the stats for round 4. I don't see anything referring to round 5 starting other then the posts in this thread.

[geek-trader]

Did round 5 start? When I click the link all I see is the stats for round 4. I don't see anything referring to round 5 starting other then the posts in this thread.

I believe it was round 6 that just ended.  He's been starting a 48 hour round on the weekends.

"Round 4" doesn't ever end until it goes 24 hours with no deposits.

Check back on Thursday, if he follows the same pattern, there will be a notice about round 7.

[m4dhatter]

Right on, thanks geek. What a bummer though. I wanted to play this or kamakikaze today....*sigh*

[geek-trader]

Right on, thanks geek. What a bummer though. I wanted to play this or kamakikaze today....*sigh*

I know.  The mybitcoin.com mess wrecked several games. 

I was getting about .5 BTC a week in referral fees from Bitcoin Kamikaze.  Hopefully he'll fix it soon.

[btcrun]

For everybody who can't wait

http://www.bitcoinduit.com/game/viewRound.php?id=ITS_OVER_9000

automated and very quick payout!

[geek-trader]

For everybody who can't wait

http://www.bitcoinduit.com/game/viewRound.php?id=ITS_OVER_9000

automated and very quick payout!

I'm in for 0.5.  Gonna add it to my sig, also.  Thanks!

[xyu]

So many projects appeared recently, looks like I'm not keeping the pace the community is going with =)
BTW, I made my new project, which is currently running on http://rand.bitcat.ch/ I've not announced it yet, so think of it as a some kind of unreleased project, but  I think, I'll announce it in this week.

[btcrun]

Just to get this started register now!!!

http://rand.bitcat.ch/?ref=2

[xyu]

Just to get this started register now!!!

http://rand.bitcat.ch/?ref=2

Did you paid fee yet? I can activate you without fee

UPD.
Why I'm asking? I could look it myself  

UPD.
Yeah, you have deposit and soon you must be in rotation =)

[btcrun]

Just to get this started register now!!!

http://rand.bitcat.ch/?ref=2

Did you paid fee yet? I can activate you without fee

I paid, it's waiting for confirmations

[xyu]

To clarify things it's not a replacement for Bitcatch it is completely different project. Bitcatch is not going anywhere and as always there would be weekend round, but i think we must change rules slightly for the next round. How about sending jackpot to the playerwith largest amount of unpaid deposits? I think this would encourage everyone to make larger deposits because if they don't get their payouts they could easily win the jackpot. This also feels more fair. Or we can slit the jackpot among several players, for instance, 60% goes to the player who send  more coins than others, 25 to the second , and 15 to the third. There can be a plenty of new features which I can add, feel free to suggest new ideas.

[codler]

So many projects appeared recently, looks like I'm not keeping the pace the community is going with =)
BTW, I made my new project, which is currently running on http://rand.bitcat.ch/ I've not announced it yet, so think of it as a some kind of unreleased project, but  I think, I'll announce it in this week.

Great! im in =) http://rand.bitcat.ch/?ref=3

[Cory]

Ahaha! Lucky number 5. http://rand.bitcat.ch/?ref=5

I don't know what it is about bitcoins that makes me want to gamble them away. I don't think I'd ever spend seven DOLLARS on something like this. :P

I have a few questions though:
Why is there a "rounds played" variable? is this round going to end sometime and I'm going to have to pay another fee? If so, I didn't see that information anywhere... D:
In the "settings" tab, I can check or uncheck "automatic rotation". What's that?

[btcrun]

Ahaha! Lucky number 5. http://rand.bitcat.ch/?ref=5

I don't know what it is about bitcoins that makes me want to gamble them away. I don't think I'd ever spend seven DOLLARS on something like this.

I have a few questions though:
Why is there a "rounds played" variable? is this round going to end sometime and I'm going to have to pay another fee? If so, I didn't see that information anywhere... D:
In the "settings" tab, I can check or uncheck "automatic rotation". What's that?

No I think everytime there are some transactions between accounts this is called a "round" as you can see there are 4 rounds played yet.

btw: http://rand.bitcat.ch/?ref=2

[Tronlet]

Lucky number 7. 

http://rand.bitcat.ch/?ref=7

[codler]

I have a few questions though:
Why is there a "rounds played" variable? is this round going to end sometime and I'm going to have to pay another fee? If so, I didn't see that information anywhere... D:
In the "settings" tab, I can check or uncheck "automatic rotation". What's that?

I wonder also.

[Djao]

...
How about sending jackpot to the playerwith largest amount of unpaid deposits? I think this would encourage everyone to make larger deposits because if they don't get their payouts they could easily win the jackpot.
...

I like this idea ...

[codler]

...
How about sending jackpot to the playerwith largest amount of unpaid deposits? I think this would encourage everyone to make larger deposits because if they don't get their payouts they could easily win the jackpot.
...

I like this idea ...

I like the idea too.

[xyu]

As I said this is kind of prelaunch, i.e. it not yet finished and I need to write down rules, make stats, fix bugs (if any).
So the main idea behind this randomizer is that each member plays their own rounds, each round costs 0.5 btc and ROI (return of investment) for each round is 20% this means that if round costs 0.5 BTC you would earn 0.6 BTC. You can stop playing and withdraw 0.6 btc, or  you could start a new round (which is costs 0.5 BTC) and get another 0.6 BTC, then start a new one and so on. To double your initial deposit you need to play 5 rounds. To automate this process each new user have a "autorotation" option enabled by default, with this option rounds will be played automatically, e.g. if you have more than 0.6 btc in your balance it will automatically start a new round for you.
If you disable autorotation you only able to get 0.6 btc from your investment and you will be unable to receive payouts nor from random users nor from your referrals.

[btcrun]

As I said this is kind of prelaunch, i.e. it not yet finished and I need to write down rules, make stats, fix bugs (if any).
So the main idea behind this randomizer is that each member plays their own rounds, each round costs 0.5 btc and ROI (return of investment) for each round is 20% this means that if round costs 0.5 BTC you would earn 0.6 BTC. You can stop playing and withdraw 0.6 btc, or  you could start a new round (which is costs 0.5 BTC) and get another 0.6 BTC, then start a new one and so on. To double your initial deposit you need to play 5 rounds. To automate this process each new user have a "autorotation" option enabled by default, with this option rounds will be played automatically, e.g. if you have more than 0.6 btc in your balance it will automatically start a new round for you.
If you disable autorotation you only able to get 0.6 btc from your investment and you will be unable to receive payouts nor from random users nor from your referrals.

I just took a look and there is something fishy!
The account qweqwe got an income of 3,8 BTC an expense of 0,75BTC and a balance of 0,925BTC (This is your account xyu, right?) and so is 2,125 BTCs short...so the money got withdrawn.

I don't think that this is fair that you take out the BTCs, because nobody else can withdraw BTCs! The money is missing in the game to really get it started.

And how can the account qweqwe be set on auto rotation and have so much BTCs?

[codler]

As I said this is kind of prelaunch, i.e. it not yet finished and I need to write down rules, make stats, fix bugs (if any).
So the main idea behind this randomizer is that each member plays their own rounds, each round costs 0.5 btc and ROI (return of investment) for each round is 20% this means that if round costs 0.5 BTC you would earn 0.6 BTC. You can stop playing and withdraw 0.6 btc, or  you could start a new round (which is costs 0.5 BTC) and get another 0.6 BTC, then start a new one and so on. To double your initial deposit you need to play 5 rounds. To automate this process each new user have a "autorotation" option enabled by default, with this option rounds will be played automatically, e.g. if you have more than 0.6 btc in your balance it will automatically start a new round for you.
If you disable autorotation you only able to get 0.6 btc from your investment and you will be unable to receive payouts nor from random users nor from your referrals.

I just took a look and there is something fishy!
The account qweqwe got an income of 3,8 BTC an expense of 0,75BTC and a balance of 0,925BTC (This is your account xyu, right?) and so is 2,125 BTCs short...so the money got withdrawn.

I don't think that this is fair that you take out the BTCs, because nobody else can withdraw BTCs! The money is missing in the game to really get it started.

And how can the account qweqwe be set on auto rotation and have so much BTCs?

As xyu said in the first line, it is "beta"

[xyu]

I just took a look and there is something fishy!
The account qweqwe got an income of 3,8 BTC an expense of 0,75BTC and a balance of 0,925BTC (This is your account xyu, right?) and so is 2,125 BTCs short...so the money got withdrawn.

I don't think that this is fair that you take out the BTCs, because nobody else can withdraw BTCs! The money is missing in the game to really get it started.

And how can the account qweqwe be set on auto rotation and have so much BTCs?

No, bitcoins is not withdrawn, this is caused by the bug that each round shortening balance  by 0.5 BTC and because I cannot make payments to myself they doesn't showing in expenses. I can assure everything is OK, no one coin left the game, and if there would be found serious bugs I'll return all bitcoins to users.

[geek-trader]

I'm in!  Thanks, xyu!

[awaytrent]

next please
http://rand.bitcat.ch/?ref=39

[Dragonlord]

Will there be another weekend round today or has bitcoinduit put you out of business too?

[TheBitMan]

Will there be another weekend round today or has bitcoinduit put you out of business too?

[jmatson]

Will there be another weekend round today or has bitcoinduit put you out of business too?

[xyu]

Will there be another weekend round today or has bitcoinduit put you out of business too?

Yes, at 8pm UTC as always.

[Djao]

new round starts in 14 mins ... get ready folks!

btw, I like how this time you uploaded the new round some time before it starts ...

[Dragonlord]

Will there be another weekend round today or has bitcoinduit put you out of business too?

Yes, at 8pm UTC as always.

Great! Looking forward to it!  

[Djao]

round 7 just started ...

[pbj sammich]

off to the races!

[Dragonlord]

I'm in with all the BTC I had.
My wallet is down to zero!

I have turned into a bitcoin game addict!  

[geek-trader]

I think one of my deposits did not make it through again.  I'll wait for some confirms and see.

[xyu]

I think one of my deposits did not make it through again.  I'll wait for some confirms and see.

Did you have confirmations in your client?

[geek-trader]

I think one of my deposits did not make it through again.  I'll wait for some confirms and see.

Did you have confirmations in your client?

Not for all of them yet. I see all my payout addresses in the list except for 1P3CRorMdGzj4wvVUHj2EndaHbvN971HzV

Wait until I get at least 1 confirm on them all.  I'll let you know.

[geek-trader]

I have at least 2 confirms on each deposit.  I entered 7 times, and I only see 6 of my addresses there.

[Djao]

I had no missing entries this time and all bets paid out already, yeah!

[geek-trader]

It was during that initial rush when the site kept crashing, thats when I put in the bet that got lost. 

[nuke]

transactions appeared on the website after ONE hour and 20 mins, I think I really have some problems with my client, it happens every time!
enjoy my two BTC !

[geek-trader]

transactions appeared on the website after ONE hour and 20 mins, I think I really have some problems with my client, it happens every time!
enjoy my two BTC !

Did you pay a transaction fee?  That always helps them go through faster.

[nuke]

is 0.0005 enough?

[geek-trader]

is 0.0005 enough?

I always put the 0.01 on it if I need it go fast.  Especially these last few days.

[Dragonlord]

Damn, that was over quickly!
I expected there would be more people re-investing for a second round.
I still have two deposits left unpaid! 

[codler]

Damn, that was over quickly!
I expected there would be more people re-investing for a second round.
I still have two deposits left unpaid! 

same

[geek-trader]

I also have 2 unpaid, and 1 missing.  I'm sure xyu will make god on the missing one.

We can only hope the jackpot round tomorrow gets us paid.

[Einewton]

1AnbTXxbCpwnzGCUu6xyadeRsQ4VMpLB7Z has cashed out and made a total of 2.6 BTC's... With the server cashing, it was making it very difficult for me to make deposits, and I ended up getting in at the end. I'm pretty sure that I've lost.

[adalov]

1AnbTXxbCpwnzGCUu6xyadeRsQ4VMpLB7Z has cashed out and made a total of 2.6 BTC's... With the server cashing, it was making it very difficult for me to make deposits, and I ended up getting in at the end. I'm pretty sure that I've lost.

That would be me. For this game it was more luck of the draw than anything, because the order is dependent on the miner, not the time the transactions were made. If it's any consolation I lost 23 BTC two weeks ago on bitcatch

[Einewton]

That would be me. For this game it was more luck of the draw than anything, because the order is dependent on the miner, not the time the transactions were made. If it's any consolation I lost 23 BTC two weeks ago on bitcatch

Geeze, That's a lot, even with how low BTC's are worth today. I'm glad you came out ahead.. I'm sure I'll get back ~80% of my BTC's by tomorrow, as long as people fight for the JackPot...

[geek-trader]

I also have 2 unpaid, and 1 missing.  I'm sure xyu will make god on the missing one.

We can only hope the jackpot round tomorrow gets us paid.

xyu refunded me my lost deposit.

Thanks!

Now lets all go win the jackopt!

[Aphelion27]

Posting here because I am not sure if round 4 topic is being monitored.

Please take a look at round 4.  Pretty sure it should have ended at Aug 07 00:52:35 based on the bet placed Aug 06 00:52:35 but a bet was placed at Aug 07 01:02:08.

Thanks,
KAF

[codler]

What? The confirmed entries list got reordered after someone put 4BTC in round 7. I was 4 entries away from being paid out before and now I am 5 entries away :S

[xyu]

What? The confirmed entries list got reordered after someone put 4BTC in round 7. I was 4 entries away from being paid out before and now I am 5 entries away :S

Reordered? Strange, I should investigate what happened.

[pbj sammich]

I was 3 or 4 away, last night when I saw the 4 BTC get deposited (but not confirmed). This morning the 4 BTC is deposited - confirmed and I'm still in the same position.

Not sure what happened

[adalov]

I've seen that happen during previous weeks as well.

[pbj sammich]

I'm not sure if it was a reordering or the payment processor stopped perhaps?

Someone better at the math than me should put this into Excel and check...

[Djao]

something went wrong again ... someone deposited more than 5 BTC near to the end of this round but none of it has been payed out ...

[Hladnorossa]

TODAY!

[myhoho]

Yay, get ready for new weekend round with jackpot (in 40 minutes).

[Ssoele]

Yay, get ready for new weekend round with jackpot (in 40 minutes).

Can't wait

[geek-trader]

Yay, get ready for new weekend round with jackpot (in 40 minutes).

Can't wait

I'm going to go a bit slower and try not to get a deposit lost this time..

[Ssoele]

I'm second, so i'll probably get my coins

[edd]

Whoa, what just happened.

Did the first confirmation cause a re-ordering of bets?

[jmatson]

One of my payments is missing!
Return address: 1BdhWNfkxDa8yrLGMi6AgH9DCCyFVe7hmK
Sent to: 1GYmiLaRtD7VN9dniwgKxxB2huobsx8646
 

[geek-trader]

Whoa, what just happened.

Did the first confirmation cause a re-ordering of bets?

that always happens

[Ssoele]

Whoa, what just happened.

Did the first confirmation cause a re-ordering of bets?

Don't know, I don't have any confirmations yet, but I'm 1st, 5th and 13th now :p I'm not complaining

[geek-trader]

One of my payments is missing!
Return address: 1BdhWNfkxDa8yrLGMi6AgH9DCCyFVe7hmK
Sent to: 1GYmiLaRtD7VN9dniwgKxxB2huobsx8646
 

 that happened to me last week.  he refunded it.

[edd]

Whoa, what just happened.

Did the first confirmation cause a re-ordering of bets?

that always happens

Not very fair, is it?

My last few bets are a lot farther down now.  

[jmatson]

One of my payments is missing!
Return address: 1BdhWNfkxDa8yrLGMi6AgH9DCCyFVe7hmK
Sent to: 1GYmiLaRtD7VN9dniwgKxxB2huobsx8646
 

Why are there 2 payments to the address of my missing entry?

http://blockexplorer.com/address/1GYmiLaRtD7VN9dniwgKxxB2huobsx8646

The 1DmC3UGAZGL3YY3NpyKWvn42gbfT3TQbs1 is one of my addresses but the other one is not.
I thought each entry address was only used once! 

[xyu]

I made refund transaction id: 605dbfba5d2b680588ae76a39f7da7d01f6c7b8e5d87bff2feba0afd4cab742c

[jmatson]

I made refund transaction id: 605dbfba5d2b680588ae76a39f7da7d01f6c7b8e5d87bff2feba0afd4cab742c

I have received the refund.
Thank you very much for returning my missing payment!

Any idea why this happened?

[Cory]

The winner of the jackpot is the investor who bets the most in the second day. Does the second day start in ~30 minutes end end 24 hours from then? So August 13, UTC?

[geek-trader]

The winner of the jackpot is the investor who bets the most in the second day. Does the second day start in ~30 minutes end end 24 hours from then? So August 13, UTC?

No.  The game runs for 48 hours.  The 2nd day is the 2nd 24 hour period.  So, day 2 starts Aug 13, 20:00 UTC.

[Cory]

The winner of the jackpot is the investor who bets the most in the second day. Does the second day start in ~30 minutes end end 24 hours from then? So August 13, UTC?

No.  The game runs for 48 hours.  The 2nd day is the 2nd 24 hour period.  So, day 2 starts Aug 13, 20:00 UTC.

Gotcha. Thanks for explaining. I'm surprised more people aren't getting in on this now, then. I'm willing to bet that everybody who gets in during the first 24 hour period will be paid back, along with most of those who invest in the second period. It seems like the way xyu set it up, it's practically a guarantee!

[Cory]

So the battle for the jackpot begins. Get in early to get credit towards the jackpot and get paid back! :o

[Ssoele]

Round has ended, and the winner is 1Lnv6nPggDdaAeMgRmnqKiqpGg2oLujonm

[Cory]

Round has ended, and the winner is 1Lnv6nPggDdaAeMgRmnqKiqpGg2oLujonm

That's me!

Although taking everything into account I did lose 5.7 BTC on this game. xD

[Ssoele]

Round has ended, and the winner is 1Lnv6nPggDdaAeMgRmnqKiqpGg2oLujonm

That's me!

Although taking everything into account I did lose 5.7 BTC on this game. xD

That sucks It's called gambling.
I list ~4 BTC in round 7

[anodyne]

No new round for this weekend?

[btcrun]

No new round for this weekend?

https://bitcointalk.org/index.php?topic=38202.0