Topic: bustabit – The original crash game - page 98. (Read 61678 times)

It's my understanding that the dilution fee is applied right after NOT right before the investment, therefore a new investor will get part of his own dilution fee back, which is important for a large investor.

Example: whole site bankroll is 1 btc, and you invest 100 btc, you will get around 1.99 of the 2btc dilution fee back right away.

Good luck with the girl.

Actually these numbers would be slightly worse, because the 20 BTC dilution fee
would be part of the total bankroll as well.

I should have used the following calculation:
980 / 5539 + 20 + 980 = ~0.148 %

The dilution fee is way too high in my opinion.

Let´s take the hypothetical example of a guy, who is in love
with a girl, who only dates 6+ ft guys, who have more than 20 million $ in
their bank account and own several properties in exquisite
towns across various continents. In order to at least have a remote
shot at getting a date with this girl, he decides to get his
precious Bitcoins from cold storage with the aim of
investing them all into the Bustabit bankroll - his only
shot at getting the money to get a date with the girl
of his dreams.

1. He deposits and invests the 1000 BTC at Bustabit and his investment
immediately declines to 980 BTC due to the 2 % dilution fee.

2. At the time of writing his investment would represent
a share of ~15 % of the total bankroll (1000 BTC / 5539 BTC (currently invested) + 1000 BTC (his investment)).

3. The investors have an expectation of 0.75 BTC for every 100 BTC that are wagered.

4. Let´s say players lose a combined 100 BTC in the month of February and the house bankroll therefore
increases by 75 BTC. If we assume that no additional investments or divestments have been made, the
hypothetical investor gets 15 % of this amount, which is roughly 11.25 BTC.

5. Even though he was invested for a month and the house made a healthy profit of
100 BTC (which is far from guaranteed) he is still down a whopping 8.75 BTC due
to the dilution fee. With the used numbers players would need to lose at
least a combined ~178 BTC just so he can recoup this daylight robbery
dilution fee.

If players run exceptionally well or a whale puts a dent in the house bankroll, it could
take our guy months just to breakeven due to the dilution fee.

I understand the rationale behind the dilution fee, but I think that it is too heavily
skewed towards protecting existing investors at the cost of attracting new investors.
Now you will probably argue that the site bankroll is already the biggest of all BTC sites
and the max profit is high enough, which is why Bustabit doesn´t really need
additional BTC investments. But this misses the obvious fact that many investors
tend to gamble from time to time and investors going crazy (or simply trying to recoup
investment losses by gambling) has been the fuel for
a big percentage of site profits from time immemorial (the Just-Dice days  ).

A dilution fee is fine, but the breakeven point shouldn´t be reached after several
months for a new investor if we assume that the site makes a profit. Of course
you can´t protect new investors from a downturn due to players running better then
expected.

I´m not sure whether I should be more appalled at the entitlement mentality of
the woman in my example or at the daylight robbery dilution fee that new
investors are currently charged at Bustabit

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And of course Happy Birthday to Bustabit!

Very transparent, very clear and open just like these types of websites should be.

0.882 % as of right now if you combine the investors' profit (0.674 %) and the commission bustabit has charged them (0.208 %). You can always find up to date stats at https://www.bustabit.com/statistics.

Expected profit. 0.75% of wagered.

Congratulations. Those are huge numbers. What percentage of the wagered amount is approximate profit?

One year ago today with the launch of v2, bustabit opened its doors to bankroll investors for the first time. Since then investors have contributed nearly Ƀ 3,500 to the bankroll and players have wagered over Ƀ 320,000.

To all of our players and investors alike: Thank you for your continuing loyalty and trust! =)

Yup, besides being a developer, RHavar is also a legal expert and discovered that Game Protect is a scam and gave me a negative feedback based on his expertise as legal expert!

If you cared to read all of my post instead of thinking its a signature spamming you can read at the very bottom of the post it clearly says I would rather turn my ethereum into bitcoin and play here instead of playing somewhere else for ethereum. Is it that much hard for you to read all of the post before commenting on someone writing a longer than a single sentence ?

I know ethercrash and I do not want to play there with ethereum, the point is not to just play with ether no matter where or how, the point is to get bustabit to accept ethereum as well. You can find places in the online casino world that takes almost any coin, there are now places like coinswitch or changelly or whatever that helps casinos to take whatever deposit they want but that doesn't make the website any alright.

However, if you trust bustabit and also want to play on ethereum you can just "wish" they add ethereum as well. Ethercrash is not the answer I am looking for, it is bustabit adding ethereum. Read the whole post before making a snarky comment.

 Lol, he is THE rhavar. He is not only a developer but he is the creator of all things known to men. Don't you ever disrespect rhavar ever again boi!!

You seem to know a lot about coding. Are you a full stack dev?

Thank you. So it works like you said.

It does, it's just that the jsfiddle doesn't "live reload". After making the code change (e.g. changing the salt)  you need to hit "Run" and then redo the verification (and you'll see it prints out different busts)

Hi. I have such a question. When I replace a hash with another one here, why the results do not change? https://jsfiddle.net/Dexon95/2fmuxLza/?utm_source=website&utm_medium=embed&utm_campaign=2fmuxLza

Changed this. et bust = gameResult(hash, '0000000000000000004d6ec16dafe9d8370958664c1dc422f452892264c59526');
The results of the game should have been changed when checking if to replace the hash.

If you bothered to literally read the last 4 posts instead of immediately signature spamming, someone linked ethercrash.io which is a bustabit clone that accepts ETH.

I wish to see one for ethereum, not like ethereum is some unknown coin but for some reason except for primedice and dapp gambling websites there are not many places that accept ethereum as a payment option. Why wouldn't casinos take ethereum to gamble is beyond me, I would love to see bustabit accept ethereum or at least see a clone of the game that takes ethereum instead. Bustaeth or whatever .

However, no matter how many similar games are out there the feeling of security this one gives will never be achieved, I know there are clones and even the source code could be copied from this one directly but it will never give me the feeling of playing at a place where I know I won't be scammed.

I would rather turn my ethereum into bitcoin and deposit here and by luck if I manage to win I would rather withdraw the btc and turn it into ethereum instead of trying to find a place to play with ethereum directly.

Crash game are again being used by some alts, there's another one who uses TRX for playing, same concept with bustabit and still providing bonuses,
but same with your opinion, its still far better using the original game and feel the same excitement when you first deal with than finding something with
those copy system and blame them if you will not be satisfied.

They are likely looking for ways to stake EOS coins

I've been looking for something similar myself probably combined with some good gaming experience (still trying to understand what's what in this department, so bear with me), and I ran across a multitude of these sites (games) offering such a possibility, including Ethereum staking (when the Constantinople fork gets released as I got it). Don't know if it is going to catch on, but the idea seems to be worth investigating it further

I believe on bustabit v2 there is no way they can get it back again, but if you ask for site that still have this bonus, I can say that every site that still using bustabit v1 script, they all still have this bonus as well, but I never consider that you should really play it there since I do not really believe on their system as well, although it is like a copy paste exactly from bustabit. So I will still go on bustabit then other similar sites