btcrun (OP)
Member
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Activity: 103
Merit: 10
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August 02, 2011, 09:45:35 AM
Last edit: August 02, 2011, 11:14:17 AM by btcrun |
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Join NOW to be on TOP!!! Bitcat.ch - RandomizerHurry to be one of the first!!! |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Yuusha
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August 02, 2011, 04:18:08 PM |
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Nice. Only two referrals to get back your investment, or four random payments.
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Cory
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August 02, 2011, 10:46:44 PM |
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Hey, I've got a good deal for anybody on the fence about joining: I'll send you 0.1 bitcoins if you use my referral link: http://rand.bitcat.ch/?ref=5Just shoot me a PM on the forums with the username you used to sign up and the address you want your 0.1 BTC sent to! As soon as your account is activated, I'll send over the bitcoins.  |
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Einewton
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August 03, 2011, 07:53:36 AM |
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Already made my money back... Boo ya! Just waiting for the bugs to be worked out so I can withdraw eventually.
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-= Got BitCoin? =-
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IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
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August 03, 2011, 12:30:40 PM |
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Great thing. Hopefully not a scam...  When will payout be available? |
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Yuusha
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August 03, 2011, 02:18:34 PM |
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Great thing. Hopefully not a scam... When will payout be available? Most likely not a scam, considering it's run by bitcat.ch |
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xyu
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August 03, 2011, 05:57:53 PM |
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Certainly not a scam I processed about 1000 BTC at BitCatch and always made refund if anything went wrong, reputation is much more valuable than money. |
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geek-trader
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August 03, 2011, 07:10:26 PM |
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Great thing. Hopefully not a scam... When will payout be available? I've played xyu's games before. He's honest. |
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Djao
Full Member
Offline
Activity: 208
Merit: 100
Risk-hedging platform for cryptocurrency investors
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August 03, 2011, 07:25:35 PM |
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I've played xyu's games before. He's honest.
+1 |
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Yuusha
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August 03, 2011, 08:22:24 PM |
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By the way, what does the automatic rotation setting do?
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Einewton
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August 03, 2011, 10:49:52 PM |
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By the way, what does the automatic rotation setting do?
I think it let's you take yourself out of the random pool maybe? I see people playing multiple rounds, and when I look at my account from another screen i see my account is "False" for the random thing... How does that get set to true? How do we play multiple rounds? Is there any benefit to playing more rounds? |
-= Got BitCoin? =-
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Yuusha
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August 04, 2011, 12:44:41 AM |
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By the way, what does the automatic rotation setting do?
I think it let's you take yourself out of the random pool maybe? I see people playing multiple rounds, and when I look at my account from another screen i see my account is "False" for the random thing... How does that get set to true? How do we play multiple rounds? Is there any benefit to playing more rounds? The "Random - False" thing has nothing to do with your account. That just means you are the referral of someone, or someone has received income through you, and you were not randomly assigned to them. I have no idea what the rounds are all about, though. |
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xyu
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August 04, 2011, 06:19:36 AM |
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I'll add it in rules today. In short, each user plays their own rounds, each round costs 0.5 BTC and ROI for round 20%, so in the end of the 1st round you should get 0.6 BTC. To play next round you should pay the fee which is goes to your sponsors and to random user, to make this automatic there is option autorotation which is enabled by default. This system allows you to earn more from your referrals - each round played by referral will make you 0.25 BTC.
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Garrett Burgwardt
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August 04, 2011, 07:51:02 AM |
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I joined in. Anyone want to follow my link in my sig? -Garrett |
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IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
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August 05, 2011, 10:59:59 AM |
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I'll add it in rules today. In short, each user plays their own rounds, each round costs 0.5 BTC and ROI for round 20%, so in the end of the 1st round you should get 0.6 BTC. To play next round you should pay the fee which is goes to your sponsors and to random user, to make this automatic there is option autorotation which is enabled by default. This system allows you to earn more from your referrals - each round played by referral will make you 0.25 BTC.
I must admit that I do not fully understand this explanation... the only thing I've noticed is that I've got less BTC assigned than would be expected based on my referrals. Anyway I'd prefer not to participate in additional "rounds" with additional risk. I thought this randomizer would work exactly like the old one, but apparently it does not...  Again my question: When will withdrawing be available? |
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Yuusha
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August 05, 2011, 01:12:39 PM
Last edit: August 05, 2011, 02:41:11 PM by Yuusha |
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I've turned off the auto-rotation for now. It doesn't seem to be profitable to me. If I have understood correctly, it works like this:
1. Everyone plays their own rounds, like xyu said.
2. To participate in a round, you pay 0.5 BTC
3. If you choose to participate, you will get money from your referrals when they pay to participate in their next round.
4. If you don't choose to participate, you will not receive money from referrals paying to participate in a new round, but you will have saved your 0.5 BTC
The only way for this to be profitable is to have at least two referrals, every round, with a balance of at least 0.5 BTC and auto-rotation enabled. This basically only moves profits up the pyramid, so to speak, removing wealth from those at the bottom and moving it to the very top. I might reenable this if/when I get a lot of referrals, but at this stage I simply don't see it being profitable.
I also don't see how it would have a ROI of 120%, (what you describe is 120% ROI, 20% would mean you invest 0.5 BTC and get 0.1 BTC back) it seems entirely based on how many referrals you have and if they manage to reach a balance of at least 0.5 BTC. It could be a 0% ROI or it could be a 500% ROI, I don't see why it would be a set 120% ROI, but maybe it's related to when a round ends, because I haven't figured that part out yet.
Some clarification would be nice.
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IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
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August 05, 2011, 01:39:21 PM |
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...deactivated auto-rotation as well until clarification...
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Einewton
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August 05, 2011, 02:56:48 PM |
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I've turned off the auto-rotation for now. It doesn't seem to be profitable to me. If I have understood correctly, it works like this:
1. Everyone plays their own rounds, like xyu said.
2. To participate in a round, you pay 0.5 BTC
3. If you choose to participate, you will get money from your referrals when they pay to participate in their next round.
4. If you don't choose to participate, you will not receive money from referrals paying to participate in a new round, but you will have saved your 0.5 BTC
The only way for this to be profitable is to have at least two referrals, every round, with a balance of at least 0.5 BTC and auto-rotation enabled. This basically only moves profits up the pyramid, so to speak, removing wealth from those at the bottom and moving it to the very top. I might reenable this if/when I get a lot of referrals, but at this stage I simply don't see it being profitable.
I also don't see how it would have a ROI of 120%, (what you describe is 120% ROI, 20% would mean you invest 0.5 BTC and get 0.1 BTC back) it seems entirely based on how many referrals you have and if they manage to reach a balance of at least 0.5 BTC. It could be a 0% ROI or it could be a 500% ROI, I don't see why it would be a set 120% ROI, but maybe it's related to when a round ends, because I haven't figured that part out yet.
Some clarification would be nice.
+1 |
-= Got BitCoin? =-
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