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Author Topic: RE-OPENED! MyBitMine.co | New Type Of Faucet | Get Bitcoin From Playing  (Read 165660 times)
DARKANGEL6415
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May 02, 2015, 08:45:49 PM
 #1621

personally I'm not a huge fan of the "Round based & the Competitive Payout Scheme" of 2.0

I wouldn't completely remove the option of selling Gold

I'm sure you will raise the BTC needed, I'm looking fwd to help

Good luck and thanks for your hard work

 

Thanks for your support!

I am the developer of the new mybitmine v2,
Although for some people the competitive payout scheme might not work out it would make the game more competitive among the players.

 

Hello i was just wondering are you the same person who we been talking to all this time or are you another person working together in partnership???  Huh


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1506210717
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knowhow
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May 02, 2015, 09:05:59 PM
 #1622

i guess he had surrender to the  new version already now he knows that the game is a great game Grin
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May 02, 2015, 11:41:35 PM
 #1623

v.2 is like ponzi
lets say i invest 0.2 thats only i can afford and other 500 member invest 1 btc and were all active
do you think i have a chance to get paid?
as you can see its not about playing its all about investing
and after first reset you will loss all your user
before the first reset all of your investor goal is to get cash out
lets say 300 member get paid after reset
and the other lose there investment
do you think that 300 member who get paid
will waste again there time investing to your site
and start again from the start
and do you think member who lose there investment will
invest to your site even if they lose there investment in the first reset
they will just play your games because they already have investment in your site
and after that they will not waste there time anymore..
investing with a 10% chance of winning


knowhow
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May 02, 2015, 11:49:34 PM
 #1624

v.2 is like ponzi
lets say i invest 0.2 thats only i can afford and other 500 member invest 1 btc and were all active
do you think i have a chance to get paid?
as you can see its not about playing its all about investing
and after first reset you will loss all your user
before the first reset all of your investor goal is to get cash out
lets say 300 member get paid after reset
and the other lose there investment
do you think that 300 member who get paid
will waste again there time investing to your site
and start again from the start
and do you think member who lose there investment will
invest to your site even if they lose there investment in the first reset
they will just play your games because they already have investment in your site
and after that they will not waste there time anymore..
investing with a 10% chance of winning




as most games somes can invest others wont do it ,i will keep playing since i know i can stand at top 300 with activity .... but for that point doesnt mean nothing invest 1 btc will just boost you need to be active as well to be on top.... anyway some points yours looks the game will get worse but i guess the massive deposits wont happen and if happen admin can open a round to all others players that didnt won nothing ,could raise the conversion rate  currently is 1000 gold to 100 satoshis well it can raise or change daily as several faucets adjust as the income of the day or week on those way no one would be forced to change and all would win money lets say if revenue reaches 0,10 btc daily gold worth those ratio if lower would raise the conversion around 1500 or 2000 for 100 santoshis soo this way the game could be balanced and fair to all just think about it admin ,we can try the tiers but maybe this option sounds better to all that joins and like to play for fun ,as i said you can be able to open more then one round soo consider it thanks as i said before i support the current and i like the new way but maybe we can make all happy or keep all happy just changing one simple thing the conversion rate Cheesy Cheesy
DARKANGEL6415
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May 03, 2015, 04:02:39 AM
 #1625

i played the pokemon on the gameboy i guess were silver on the time around 12 years already but that were great game to play  Grin my friend has it and on my free time on the school when he tired to play i play it  Grin on those time i had almost bought his gameboy but he broken it  Shocked

thanks for it  soo stats means investment as workers and others things.....


as i said before this will be a strategy game .lets say someone invest 1btc on the game this will get a great boost,and sure it will stay on top 300 ,but he has no time for play or if not set his strategy to be on top a free user with  free time to play will just hit the top ,i guess firsts rounds will be able to set a strategy to be on top , as i see on travian when i played several users jumped investing ,then two weeks later they were raided lol and lost almost all towns  Grin

If someone would invest 1 bitcoin into this game just to get ahead, well not much we can do about it, but i must say they must really love the gave to do that lol


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DARKANGEL6415
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May 03, 2015, 04:04:16 AM
 #1626

as usual big changes means less earning for most members.
those who have time will always win while those who can only spend 1-2 hours per week will never get paid.
when sites change to rounds they loose a lot of members and are left with a few who have no life and have all day to play.
so it looks like you are trying to close the site within 6-12 months

why would they give all this upgrades and bother making a new version of the game if they plan to shut it down in the time frame you mentioned of 6- 12 monts?


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gphx
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May 03, 2015, 04:34:05 AM
 #1627

I've seen a number of sites fail and there's a pattern to it. Whether the pattern is a blueprint for fraud or simply the result of honest people failing to make something work isn't for me to say.

The site is launched and attracts a lot of people. They work hard and accumulate a lot of earnings with the typical user 'reinvesting' those earnings and taking nothing out.

A few users buy in big but then they continuously withdraw. When their initial deposits are used up the site, even though the current system is unsustainable, promises much bigger profits if only users 'invest' a lot of money.

At the same time the owner is promising new benefits some members go to withdraw only to find restrictions have been placed upon withdrawal.

After collecting a large round of 'investment' the site suddenly fails and disappears.

Trying to find out who did this to them users do a 'Whois' on the site and discover the registrar information is blocked.

I'm not saying this is what is happening here but the site owner has already stated in this forum his site is Ponzi and if the site were to succeed it would be the first Ponzi in history to do so. Thus far it is following the above script perfectly by the owner's own account.

Caveat emptor.

knowhow
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May 03, 2015, 05:55:12 AM
 #1628

v.2 is like ponzi
lets say i invest 0.2 thats only i can afford and other 500 member invest 1 btc and were all active
do you think i have a chance to get paid?
as you can see its not about playing its all about investing
and after first reset you will loss all your user
before the first reset all of your investor goal is to get cash out
lets say 300 member get paid after reset
and the other lose there investment
do you think that 300 member who get paid
will waste again there time investing to your site
and start again from the start
and do you think member who lose there investment will
invest to your site even if they lose there investment in the first reset
they will just play your games because they already have investment in your site
and after that they will not waste there time anymore..
investing with a 10% chance of winning




as most games somes can invest others wont do it ,i will keep playing since i know i can stand at top 300 with activity .... but for that point doesnt mean nothing invest 1 btc will just boost you need to be active as well to be on top.... anyway some points yours looks the game will get worse but i guess the massive deposits wont happen and if happen admin can open a round to all others players that didnt won nothing ,could raise the conversion rate  currently is 1000 gold to 100 satoshis well it can raise or change daily as several faucets adjust as the income of the day or week on those way no one would be forced to change and all would win money lets say if revenue reaches 0,10 btc daily gold worth those ratio if lower would raise the conversion around 1500 or 2000 for 100 santoshis soo this way the game could be balanced and fair to all just think about it admin ,we can try the tiers but maybe this option sounds better to all that joins and like to play for fun ,as i said you can be able to open more then one round soo consider it thanks as i said before i support the current and i like the new way but maybe we can make all happy or keep all happy just changing one simple thing the conversion rate Cheesy Cheesy

i guess is the solution here just raise the ratio to convert the gold into bitcoins ....
hobiedenbosch
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Use my reff and get half of the ref bonus back.


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May 03, 2015, 06:57:24 AM
 #1629

Dear users,

I have been here since about the beginning. Playing faucets to get some bitcoin, and then investing in some sites, winning some, losing some.
The same here. I am now at the point of being in the top 3 amongst goldincome/hour.
I have spended lotst of time here, reading, choosing tactics.

Even now I am still very curious about the new version where it is more interactive.
I never thaught mybitmine would be a general source of income, but as so far I always reïnvested in upgrades.

Reading that I will get my resources back in the beginning for now compatibel upgrades, and then the rest will be reset after 3 months is a bit of a downer.
I invested some of my own satochi, trying to reach the pinackle of the game so I could get some of them back. I lost satochi where the site was offline and autominer lost some time and so on.

Now there is a chanche due to work that I cannot get anymore satochi's out of this game. I love it so far, but if there is a chanche of getting nothing I could also play in a casino in the spare time I have.

I am not pissed or angry, just thinking about the meaning of the tears. There is no fair way of deviding them in tiers, controllling the earnings in time/upgrades, not even for the upgrades that people have already bought. Losing satochi, time, gold or otherwise I could have paid all my earnings out before.

I don't mined funding a game/site for future references, if there is a fair chanche of getting my investment back. And even then, win some, lose some.

I see and now many people that are about to lose investment, time en strategie to start from scratch (not directly but after a few months)
I do think there are other possibilities, like the ones already talked about.
Even so, there are people with 2 referrals and people with more then 100-en. So even if they are actively mining a bit lesser than others, they get the gold of five extra accounts. So they will be more likely to end up in the top 300.

There is always another way, but thus has some calculus in it.

You earn a certain amount of satochi. (100%)
Players earn a certain amount of gold. (all of the players combined = 100%).
Depending if people want to reïnvest in upgrades or want to pay-out they wil get the percentage of earning from gold in a week in satochi, where there is 5% for the house, making sure you also get paid.

Example.

People invest 1 bitcoin in the site all together this week.
You keep 0.95 bitcoin (for maintanance etc).
I earn 360 gold in this week where the complete stats are  10.000
So I have earned 3,6% of the total gold earned in the site. That would equal 3,6% of the 0.95 bitcoin witch is 3,42 million satochi.

The only restriction is, people need to actively mine and have to decide themselves if they want payouts of keep earning for upgrades. This is something they have to turn on themselves.

So, please consider the possibilities.
Still liking your game and planning on staying if it all works out, but not hoping to lose everything I have invested after 3 months.

Use my link, get half of ref bonus back. Win win
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May 03, 2015, 07:08:57 AM
 #1630

I guess there's one more site I'm disappointed in. Congratulations to the new system you would like to implement. So the rich will be richer and average people who tried to invest a modest amount of money in your site will lose it all. I guess that's how life works these days. I'll never be i the top 300, because I don't have that much time to invest in your site (work, life, and other stuff). Thank you for nothing.

DARKANGEL6415
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May 03, 2015, 08:38:21 AM
 #1631

Ok. So give me a bunch of upgrades. There's a chance I'll pay you for them. Point taken?

If the payout is too high a direct approach would be to simply reduce the earnings rate and thus the payout. People trust known, definable parameters. They don't trust chances. People still trust a bank which lowers the interest rate accounts are paying. They don't trust one which says there's a chance they'll get their money back. Simply lowering the return is straightforward and relatively trustworthy.

I think you misunderstand the system. It's not a chance based system but rather a competitive platform. However, simply reducing the payout rates immediately issues 2 problems. The main problem is it does not solve anything. It only postpones the issue. Secondly, the current payout rate is already quite low and I believe that further reducing the payouts would cause an equal discomfort amongst some other members.

Any change will always make people uncomfortable - it has always been this way. Remember all the changes to the Facebook design? Many of my friends hated changes but are still regular users today. I can only see the competitive payout scheme as a step in the right direction. Many games are competitive in some way which is appealing to many users.

EDIT: Oh yes and I almost forgot. Without revealing any specific strategies to the game, once the game is released it will be clear that you will be able to get Bitcoin from alternative sources than simply winning the prizes.

ok i can already sense the paranoia from some people it seem, also yeah i agree with what you said with changes on facebook i hated them myself i quit playing for like 2 months but am still there today lol


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May 03, 2015, 08:38:31 AM
 #1632

The Development of MyBitMine v2.0

You might worry at this point, that the same 10 people will be the winners. This should not be the case, and we have decided to reset all the stats every 3rd round. We do this so that every player has an equal chance at winning, and to prevent the same players from staying in the top 10 list forever. Note that your referrals and Premium Miner membership will not be reset every 3rd round. Referrals are never removed from your account (unless they are banned from the game), and Premium Miner membership will last for the entire duration you ordered.

Changes in Upgrades



what exactly will reset and what wont? i'm not much liking this idea the way it sounds ATM though an interesting idea i came up with to diversify the winners each round only reset the winners so those who didn't win have a head start and those who did have to work that much harder to earn their way back to the top this will allow any reasonably active player to win sooner or later while the really active players will win more frequently
DARKANGEL6415
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May 03, 2015, 08:42:11 AM
 #1633

Ok. So give me a bunch of upgrades. There's a chance I'll pay you for them. Point taken?

If the payout is too high a direct approach would be to simply reduce the earnings rate and thus the payout. People trust known, definable parameters. They don't trust chances. People still trust a bank which lowers the interest rate accounts are paying. They don't trust one which says there's a chance they'll get their money back. Simply lowering the return is straightforward and relatively trustworthy.

I think you misunderstand the system. It's not a chance based system but rather a competitive platform. However, simply reducing the payout rates immediately issues 2 problems. The main problem is it does not solve anything. It only postpones the issue. Secondly, the current payout rate is already quite low and I believe that further reducing the payouts would cause an equal discomfort amongst some other members.

Any change will always make people uncomfortable - it has always been this way. Remember all the changes to the Facebook design? Many of my friends hated changes but are still regular users today. I can only see the competitive payout scheme as a step in the right direction. Many games are competitive in some way which is appealing to many users.

I do not misunderstand the system. However you wish to spin it there's only a chance an individual will be paid. In effect it's no different than when a site goes scam and stops paying some of the users, it's just got a fancy ribbon around it. If the site can't be maintained without not paying the majority of users each month you should just shut it down. Enough said.

wow why are you getting all worked up, for real just relax. For example i have all my upgrades by clicking one captcha at a time. I have not deposited one single satoshi into the game. So if the game goes bust so be it was fun while it lasted, this is just something i do while i am at work. It is not meant to make you bitcoin rich or anything like that


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MyBitMine
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May 03, 2015, 08:47:08 AM
 #1634

Instead of quoting you all, I will just mention you here individually unless I quote pieces. However, I see one fear most of you have in common so far and I will try to clarify it here. Some of you assume this game will be pay-to-win. This will not be the case at all. Investing will only give you a small headstart but users who play the game will be the ones ahead in the long run. Some of you even assume that the site is earning huge amounts of money. I've invested roughly $1.500 into design, hiring freelance developers, server upkeep and advertisement. The site has generated a little less than 5 Bitcoin which means I have still not earned any profit from this. If I wanted to steal your money, I could keep the site running as it is until we reach 7 BTC, shut it down and wait for Bitcoin price to rise.

Furthermore, some of you have unrealistic views on user investments. The most common investment into the site is >0.002 Bitcoin. Only twice have we seen a deposit of 0.1 (early in the game where 0.06xxx were withdrawn again, and yesterday which I also believe most will be withdrawn again). The main income for MyBitMine v.1 was not the investments but rather that video captcha we initially had running. This captcha is likely to return in v2.0 (given that the captcha providers have it fixed by then). Please not that it will only return if it is working properly all the time.

There is no one claiming that you need to invest in order to win. I cannot stress this enough: You need to play to win and I am certain that we will see a huge bunch of free users(and users depositing less than 0.002) in the top 300 lists. One good example is the Premium Miner upgrade. This will not give you any bonus towards gaining points but will merely be bringing some comfort into the game.

admin my sugestion for you to those who dont wanna play the new version is why you dont open a round on the same way that is currently....
or can easy raise the ratio conversion.... those way the earnings would be less as the conversion rate would be bigger....

This is not likely to happen. Simply raising the ratio will prove useless in 2 ways. First it will only postpone the problem. Secondly, it will make the game a lot less attractive.

@Greypelt: Yes of course all upgrades will be easier to gain than in the current version. Upgrading should be seemless and in 3 months you will be able to reach a maximum of upgrades (unless some of the upgrades are unlimited).

@Clifhanger12: Donating fiat currency can happen in one of two ways. You can message me directly here and we can set something up, or you can wait until the Crowdfunding page is available, where we will accept Bitcoin, Startcoin & Paypal. Pokemon Red is awesome! I used to play it on an emulator on my computer. These must still be around?

@DARKANGEL6415: He is my partner and head developer of MyBitMine v2.0. You have been speaking with me (the guy in the video) all this time, and I have not introduced my partner until he introduced himself here.

@xhoneyael: Yes I do think you still have a big chance at winning, given that you actually play the game and not only invest and leave. Investing will not put you in the top 300 position on its own. Rather playing the game will do so.

@gphx: First off, we are not promising anything from you investing and never have. There's a reason why you don't get to buy upgrades that gain you more gold. Your investment should not be in order for you to earn anything but rather for your convenience if you want Premium Miner membership or prolonging your captcha time. Secondly, I am not afraid of admitting to who I am. Yes there is whois protection on the domain, but it came for free with the domain order. I can easily turn this off per request.

@Goku90504: Hmm can you explain this in more details? I did not fully understand your suggestion.
MyBitMine
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May 03, 2015, 08:59:19 AM
 #1635

Oh yes and another major change to upgrades, which will even out the odds between those investing and those simply playing the game for free, is that most upgrades will be time based and need maintenance or re-purchase. This means that investing into the game will not put you immediately ahead in the game, but merely give you a small headstart which can easily be achieved by manually working your mine as a non-investing user.

Furthermore, this prevents some users from reaching the top and simply settling there. Those users who hit the top 10 will have to keep playing to remain in their positions.

Wrote this out pretty quick. Let me know if you guys would like me to clarify on this.
asztar7
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May 03, 2015, 08:59:56 AM
 #1636

the admins, as I see do not understand, or just do not WANT to understand the case.
If you will make it into competition type of game - most current players will resign, for example me - just because I wanted a simple background game, not an active type - I have too many of them already

The solution could be creating a market of btc/gold ratio not a stable 1 value.
This way the value could be sustainable - because it would be adjusted by the market.
Then just add 1-5% of fee for using the market and you get profits.
MyBitMine
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May 03, 2015, 09:06:35 AM
 #1637

the admins, as I see do not understand, or just do not WANT to understand the case.
If you will make it into competition type of game - most current players will resign, for example me - just because I wanted a simple background game, not an active type - I have too many of them already

The solution could be creating a market of btc/gold ratio not a stable 1 value.
This way the value could be sustainable - because it would be adjusted by the market.
Then just add 1-5% of fee for using the market and you get profits.

Again not exactly sure that I follow your line of thought. Like a peer-to-peer Market where you can sell Gold to other members?
asztar7
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May 03, 2015, 09:10:27 AM
 #1638

just exchange gold to btc and back in a fluid ratio - depending on the supply and demand
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May 03, 2015, 09:12:50 AM
 #1639

My idea was that instead of resetting everyone at the end of every 3rd round you reset the winners when they win but the not yet winners do not get reset leaving them high on the list giving them a better chance to win the next round

in this way even mildly active players will over time build their way to the top and win

but more active players will rise to the top more often allowing them to win more rounds than their less active competitors
aniko11
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May 03, 2015, 09:23:42 AM
 #1640

My idea was that instead of resetting everyone at the end of every 3rd round you reset the winners when they win but the not yet winners do not get reset leaving them high on the list giving them a better chance to win the next round

in this way even mildly active players will over time build their way to the top and win

but more active players will rise to the top more often allowing them to win more rounds than their less active competitors
That's a really great idea

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