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Author Topic: CoinMagnets.com - New PROVABLY FAIR Bitcoin game!  (Read 3178 times)
felixagni (OP)
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August 03, 2014, 02:02:20 PM
Last edit: September 26, 2014, 07:12:06 PM by felixagni
 #1


http://coinmagnets.com/css/logo2.png

coinmagnets.com

We present you new PROVABLY FAIR Bitcoin game you will like!
Coinmagnets is a new game in which you can win Bitcoins by investing in magnet
you think will be stronger at the end of the round and attract all coins to its side.

GAME RULES

We are still in beta, so feel free to send pm or contact us at office@coinmagnets.com if you find any bugs,
or if you have and ideas how to improve the website Smiley
We appreciate you feedback!

Minimum amount that you can send to a magnet of your choice is 0.0005 BTC.

Good Luck!

bajing
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August 03, 2014, 07:05:40 PM
 #2

suck game again... too much fee Sad

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needmoney
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August 03, 2014, 08:24:31 PM
 #3

Very enjoyable and excited game! Smiley

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rz20
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August 03, 2014, 08:56:34 PM
 #4

What is the house edge 30%?
crook015
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August 04, 2014, 09:53:26 AM
 #5

wow..It is neat Grin
felixagni (OP)
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August 04, 2014, 11:07:27 AM
 #6

suck game again... too much fee Sad
Fee si very low at the beginning of the round (only 1%) and it is dynamically changing
during the round depending on magnets power and difference between their powers.
Anyway, I will lower the fee in the next round Smiley

Very enjoyable and excited game! Smiley

wow..It is neat Grin

Thanks! We are constantly working to make it better Smiley

edit: I forgot to say that this game is in real time, so as soon as you send your transaction it will appear in  the list for the current round, NO CONFIRMATION NEEDED Smiley
felixagni (OP)
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August 05, 2014, 11:58:19 AM
 #7

We've added some new stuff!

Each round now has bonus amount of bitcoins, and fees are much lower! Smiley

By the way, congratulations to Round #27 winners!

http://coinmagnets.com/round/27/payout
felixagni (OP)
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August 07, 2014, 10:50:12 AM
 #8

We have received a lot of requests to modify the rules of the game,
so that only magnet that receives the payment gets power increment and not both magnets.

Done. Smiley

Now, if you send e.g. 0.0005BTC to blue magnet only the power of the blue magnet will rise.
How much it will rise depends on our provably fair algorithm.

Also, if you send more than 0.002BTC your magnet will receive doubled power increment,
and if you send more than 0.004BTC power increment for your magnet will be multiplied by 3 and added to the magnets power!
LiteCoinUser84
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August 07, 2014, 10:58:17 AM
 #9

This is not a promotion so should not be in this section i don't think.. are you planning any promo soon?
resya
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August 07, 2014, 03:24:54 PM
 #10

This is not a promotion so should not be in this section i don't think.. are you planning any promo soon?
+1

No promotion or giveaway for bitcointalk members ? then your post doesnt belong to this section

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kairos
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August 09, 2014, 10:20:54 PM
 #11

Nice inspiration from our fishbitfish.com game ... good luck! Smiley

felixagni (OP)
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August 11, 2014, 01:28:50 PM
 #12

Nice inspiration from our fishbitfish.com game ... good luck! Smiley

Thanks Smiley
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August 13, 2014, 08:48:39 AM
 #13

I thought this was a great game, untill I discovered that even if 'your' magnet wins, you can lose money. See for example http://coinmagnets.com/round/63 - For the top 9 of the blue magnet payments, the payout is smaller than the investment...

felixagni (OP)
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August 14, 2014, 10:55:44 AM
 #14

I thought this was a great game, untill I discovered that even if 'your' magnet wins, you can lose money. See for example http://coinmagnets.com/round/63 - For the top 9 of the blue magnet payments, the payout is smaller than the investment...


Yes, round #63 wasn't so good. Payments on red were very low and payments on blue came to late so the fee was significant enough to eat up all profit for some players on the blue side.
I will increase bonus amount. This will hopefully prevent situations like this one from happening Smiley
johny1976
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August 14, 2014, 11:28:28 AM
 #15

Nice Smiley
Fortega
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August 14, 2014, 11:28:55 AM
 #16

Yes, round #63 wasn't so good. Payments on red were very low and payments on blue came to late so the fee was significant enough to eat up all profit for some players on the blue side.
I will increase bonus amount. This will hopefully prevent situations like this one from happening Smiley

Great, thanks!

Also, I think rounds should be a bit shorter in time (maybe 1 hour? Because if you 'invest' in a round, you want to be there when it ends, and not everybody can stay 4 hours behind their screen) and you should attract more users (advertise or referral program)

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August 14, 2014, 11:31:51 AM
 #17

this game and fishbitfish big fee really not interested game ever and suck game ever

Fortega
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August 14, 2014, 11:42:51 AM
 #18

this game and fishbitfish big fee really not interested game ever and suck game ever

Fees need to be this high to:
- motivate users to play in the beginning of a round
- be able to have a bonus each round, which keeps the flow going

I like this game, because you can play against others (unlike casino games) and you have to play 'smart' (pay in beginning to avoid fee or at the end to make the difference // pay a lot or just a little // ...)

felixagni (OP)
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August 14, 2014, 12:04:44 PM
 #19

Yes, round #63 wasn't so good. Payments on red were very low and payments on blue came to late so the fee was significant enough to eat up all profit for some players on the blue side.
I will increase bonus amount. This will hopefully prevent situations like this one from happening Smiley

Great, thanks!

Also, I think rounds should be a bit shorter in time (maybe 1 hour? Because if you 'invest' in a round, you want to be there when it ends, and not everybody can stay 4 hours behind their screen) and you should attract more users (advertise or referral program)

Yep, it wasn't possible in the beginning because there wasn't so many players and we've had to set round time to 6 hours.
Rounds are now 4 hours long, and we will probably go down to 1 hour as you proposed, maybe very soon, it mainly depends on number of active players Smiley

this game and fishbitfish big fee really not interested game ever and suck game ever

I think Fortega post a great explanation about the fees Smiley
Thanks!
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August 26, 2014, 08:17:06 PM
 #20

I'm interested. . I'll play!

Not this round tho.
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