Bitcoin Forum
June 25, 2019, 12:53:18 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: FutureBlock.com - Bet against BTC Hash Rate, not a random dice generator.  (Read 892 times)
locksley
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
October 08, 2013, 06:16:15 PM
 #1

As a miner and bitcoin user, I got sick of 2 things.

1. The exponentially increasing Mining Difficulty which completely fucks me for any mining equipment pre-orders.

2. BTC Casino Games like Satoshi Dice where there is no skill involved and gives you a -2% expected return.

So, I made www.futureblock.com

This is a site that lets you bet on where you think the Bitcoin Hash Rate will go for that day. It’s kinda like horse race betting where everyone places their bets in a pool. The odds are then determined by the ratios of bets in that pool (www.futureblock.com/how-it-works).

Using methods like regression, I believe you could consistently win at this game and have a high expected return, bringing some skill back to gambling.

But how does this solve exponentially Mining Difficulty you ask? Eventually, I want to create hedging contracts (like futures/options) against Mining Difficulty. The mathematics behind horse racing betting and hedging contracts are remarkably similar. The site could be both a fun gambling site for punters and a useful hedging platform for miners.

Let me know what you guys think! Smiley
1561467198
Hero Member
*
Offline Offline

Posts: 1561467198

View Profile Personal Message (Offline)

Ignore
1561467198
Reply with quote  #2

1561467198
Report to moderator
1561467198
Hero Member
*
Offline Offline

Posts: 1561467198

View Profile Personal Message (Offline)

Ignore
1561467198
Reply with quote  #2

1561467198
Report to moderator

0% MINING FEES FOR THE NEXT MONTH. GET PAID IN BTC, ETH, XMR or RVN.

www.cudominer.com Learn More
Easily run CudoOS from a USB flash drive.
Designed for rigs. Manage your mining remotely from Cudo Console.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
FloatesMcgoates
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
November 03, 2013, 07:49:07 AM
 #2

Just replying to say that I have been using the site the last few days and everything has been smooth sailing.
b!z
Legendary
*
Offline Offline

Activity: 1582
Merit: 1006



View Profile
November 03, 2013, 01:46:46 PM
 #3

The site looks very nice. It should be more popular :-)
MakeBelieve
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
November 04, 2013, 02:18:48 AM
 #4

The interface of your website is beautiful. You should add support for the popular online wallet Inputs.io

On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
FloatesMcgoates
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
November 04, 2013, 05:17:58 PM
Last edit: November 04, 2013, 11:00:03 PM by FloatesMcgoates
 #5

Hey uhh can you investigate the following:

Yesterday I made a .075 btc bet on "Below 3807736 GH/s." Turns out, at expiration the GH/s was 3731169 GH/s. 4 hours later, the round results have yet to be posted in the recent rounds page (http://www.futureblock.com/rounds).

The bet: https://blockchain.info/tx/8c7958570856306af14b936c33c205ba274f7b05984c5f11fa7a0b7574912a13


It would be a shame if the site stopped paying out the day after I make a post promoting it



edit: resolved
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!