BTC Pile - 110% return + 5% guranteed if you tweet with (100+ followers)

[poncrypto]

the coindesk article probably helped

Yea, that kind of advertising can't be bought!
http://www.coindesk.com/things-alt-ponzi-schemes-blackcoin-usbs-time-warp-attack/

[ssrcsolutions]

This game rules ive made over a whole BTC!!!!

[Farmer17]

This game rules ive made over a whole BTC!!!!

That means some lost a whole BTC because of you lol.

[ratty]

Me and a friend were #1 and #2, and watched in horror as a minute went by with no other deposits. Boy how that turned around!

[poncrypto]

Wow over 100Deposits Only 3rd round. Need to buy more advertising.

[klondike_bar]

This game rules ive made over a whole BTC!!!!

did you? about 10hrs ago it seemed like i was competing directly with 1 or 2 players who would drop all the new 'deposits' every time a block solved and thier previous winnings returned.

I made a nice tidy profit and walked away - every single 'investment' returned and the ones since have been sitting unpaid for some time

[klondike_bar]

Wow over 100Deposits Only 3rd round. Need to buy more advertising.

coindesk article did it - you just need to be mentioned by news sites and the crowds will come

[wil]

Hello forum, my first post
will definitely be in btcpile for the next round.
Just a quick question, correct me if i am wrong, perhaps i don't get it:
Just read through the archive (first round of the game):
shouldn't there have been money left for deposit #12 to get out 110%? I mean, 0.55658 btc in total got in and 0.477259 btc in total were paid out, difference is 0.079321 btc. Enough to pay #12 its 0.077?

best wishes and cya next round!

[poncrypto]

Hello forum, my first post
will definitely be in btcpile for the next round.
Just a quick question, correct me if i am wrong, perhaps i don't get it:
Just read through the archive (first round of the game):
shouldn't there have been money left for deposit #12 to get out 110%? I mean, 0.55658 btc in total got in and 0.477259 btc in total were paid out, difference is 0.079321 btc. Enough to pay #12 its 0.077?

best wishes and cya next round!

Don't forget we take a 5% fee for running the game. It also helps to pay the last deposit 200%.

[Rehan]

So is it a total of 15% of the total deposited that is not returned? Perhaps you could be a little more clear about exactly how much won't be paid out every round?

[poncrypto]

So is it a total of 15% of the total deposited that is not returned? Perhaps you could be a little more clear about exactly how much won't be paid out every round?

Its all stated on the website 10% goes to the first guys in!
5% goes to us some of which will be used to pay the 200% return. (Sometimes we turn off the fee to speed up the round)
Its all on the website... if you read it... then you would not have these questions
http://btcpile.com/faq


We have been running http://ponzidoge.com for more then a month and its pretty clear with repeated warning telling people that its a game.

[ratty]

Well, to put it in a nicer way, you have to process it from  the beginning, and not work backwards.
It works by having a little bank, and people only get paid if there is money in it. What threw me was not counting the 5% fee, and that is taken right out of the deposits first.
I keep nagging poncrytpo to have more stats on there, like a column that shows the balance at each line so people can see more clearly that it is adding up, otherwise people will think there is something wrong when glancing at it. Looking at the previous round, #101 didn't get paid their 0.3BTC even though there was 3.1BTC of deposits after them. Without that extra info it looks really bad!

[wil]

now i got it. thx for the 10% by the way

[poncrypto]

Well, to put it in a nicer way, you have to process it from  the beginning, and not work backwards.
It works by having a little bank, and people only get paid if there is money in it. What threw me was not counting the 5% fee, and that is taken right out of the deposits first.
I keep nagging poncrytpo to have more stats on there, like a column that shows the balance at each line so people can see more clearly that it is adding up, otherwise people will think there is something wrong when glancing at it. Looking at the previous round, #101 didn't get paid their 0.3BTC even though there was 3.1BTC of deposits after them. Without that extra info it looks really bad!

I gotta get focused... coffee is not doing it anymore.. We should have more round info. I need to slightly redesign the database schema... but like with all financial stuff it must be carefully tested before going into production.

[poncrypto]

40 minutes with not BTC block... insanity

[Rehan]

Thanks for the explanation poncrypto

One question -- is there something wrong with the game timer? The cycle began at 7:30 PM EST and it hasn't been an hour yet but the game timer shows more than 1 hour 10 mins already having elapsed.

[ratty]

The timer is based on your computer's clock. It says 22 hours 47 minutes for me right now.

[Rehan]

The timer is based on your computer's clock. It says 22 hours 47 minutes for me right now.

Not sure what my computer's clock has to do with it though. The cycle started at 7:30 PM EST. It is now 8:15 PM EST. About 45 minutes have passed. The game clock shows there being 22 hr 45 mins remaining meaning the game clock claims that 1 hour 15 minutes have passed. The game clock is about 30 minutes off.

[wil]

clock is correct as one game round is 23:30h not 24h

[ratty]

To help people calculate the rounds, someone made a spreadsheet for the ponzidoge game, and you can use it for this one.

https://bitcointalk.org/index.php?topic=520223.msg6078277#msg6078277

It has to be modified since it was 120% payout back then, so anywhere you see 1.2 in the forumulas, change it to 1.1. It also doesn't account for the last one being double.
I updated all of that on my google docs, I just made a copy of that with the last round all filled in,
https://docs.google.com/spreadsheets/d/17TVXUJG5UaTVHjkPzUUpJ34gpj0MUCWmm_rnjrucdO4/edit?usp=sharing