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Topic: CHAINBID.com - 1° Gambling with Unique bid auctions in BITCOIN - page 4. (Read 6912 times)

sr. member
Activity: 266
Merit: 250
Hurry and go to play! The 10 LTC auction is about to expire.
Good luck!

Can you check my pm please?
member
Activity: 84
Merit: 10
ChainBid.com
Hurry and go to play! The 10 LTC auction is about to expire.
Good luck!
legendary
Activity: 2156
Merit: 1082
The distribution of free credits is finished.
We are now working to implement some features that increase the transparency of the auction.

In this regard we would like to do a survey to know your opinion on two questions:
1) What do you think if we tie the expiration of the auction randomically to mined blocks?
2) Do you prefer auctions from higher value but related to quorum or auctions much smaller but with no quorum?

Please give us your opinion.

Thank you Smiley

1. i think is a good idea the random expiration to mined block
2. without doubt, i prefer low value (but for me 0,1 not is low value) but without quorum. in 3 minutes end the 0,1 btc auction and have 10/50
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
Nice concept. What is the value of the average bidding auctions available?
I saw 0.1 BTC, do you have anything bigger than that?
member
Activity: 84
Merit: 10
ChainBid.com
Hurry and go to play! The 0.10 BTC auction is about to expire.
Good luck!
sr. member
Activity: 338
Merit: 250
quorum so high Sad
member
Activity: 84
Merit: 10
ChainBid.com
Hurry and go to play! The 0.10 BTC auction is about to expire.
Good luck!
member
Activity: 84
Merit: 10
ChainBid.com
New auction: 0.10 btc with quorum... While we collect your survey responses Smiley
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
In this regard we would like to do a survey to know your opinion on two questions:
1) What do you think if we tie the expiration of the auction randomically to mined blocks?
2) Do you prefer auctions from higher value but related to quorum or auctions much smaller but with no quorum?

Please give us your opinion.

1) That would be more interesting. Smiley
2) Smaller with no quorum, at least at the start. Or may be both? lol
full member
Activity: 146
Merit: 100
I prefer dynamic auctions... small values with no quorum
member
Activity: 84
Merit: 10
ChainBid.com
The distribution of free credits is finished.
We are now working to implement some features that increase the transparency of the auction.

In this regard we would like to do a survey to know your opinion on two questions:
1) What do you think if we tie the expiration of the auction randomically to mined blocks?
2) Do you prefer auctions from higher value but related to quorum or auctions much smaller but with no quorum?

Please give us your opinion.

Thank you Smiley
member
Activity: 84
Merit: 10
ChainBid.com
Hello people! New Auction of 0.20 btc it's started! Expires in 3 hours.

Good Luck!
sr. member
Activity: 338
Merit: 250
i won it and received instantly after following steps to reedem prize

member
Activity: 84
Merit: 10
ChainBid.com
Hurry and go to play! The 10 LTC auction is about to expire.
Good luck!
newbie
Activity: 56
Merit: 0
who wont my ref liink from chainbid?
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
how you made 30% ROI? i can't see...

you wasted 70 credits that cost 0.1 BTC... the prize for the auction is 0.1BTC... it's 0% ROI... where other players is all on negative ROI, and Houser is with all players bid profit
you waste 0.155 btc to buy 112 credits... you waste 70... to earn 0.1 that's equivalent to 70 -.-

EDIT: well, i need to go now... if you can prove me i'm wrong i ask you apologize for all this, if you can't, i want your soul..., i'll back later bye

0.1 + 0.1 + 12 credits > 0.155. No? seriously?


I did put everything here:

i don't understand your point ndnhc, can you explain that? and i know you are very experience guy in this forum, you won't do a math mistake like this.
what you did is basically cut all bids and give house free profit, ... what's not fair. because no one will bid more than the pot value

waitting for a explanation...

also we have some strange things like... a problem with a bid and ndnhc received a extra 0.1 BTC... ndnhc offering to pay the 0.0028 from this another guy...
it looks like ndnhc is the chainbid owner for me


Nah, let me explain what happened.

I bought 112 credits because I wanted to win the first 0.1BTC option. It was undoubtedly +EV, and I won it.

But I was simply reloading it, after kind of 10 minutes since I had no idea how to claim it, when I saw the timer suddenly counting from 2 minutes or so. I was confused and placed a few bids and was beaten by a series of bids placed in the last 2 seconds. But OP honored both considering that the bug was not any players' fault and did a pretty nice job in paying out both winners. He could simply have refunded the credits and voided the auction. I appreciate him for what he did. Smiley

Now, you see, I only have 0.052 to break-even. Given that I cannot cash it out directly, all I could is to beat the last minute bidder, one guy who makes a lot of bets in the last seconds. I made a series of bets such that this guy would need to have more than the number of credits I bid to beat me to it. I had lost like 20 credits to this guy, and had only 82 left, couldn't risk it anymore. So, I played safe and went near all-in to win 0.1BTC.
It also beats the logic you gave such that if I was OP, I would be bidding just what I would need to win. Certainly not like 70 credits.
I also have a PM from Chainbid, and all my transactions are available.

tl;dr
I started with 0.1540BTC
I now have 0.1BTC + 0.1BTC + 12 credits
Which part doesn't make sense to you?


Edit: If you participated in a lottery draw, and you were declared the winner, and later the host said some were not able to buy lottery tickets (I know this is a stupid example Grin) and extends the lottery for another day and declared another winner, would you accept that?
I, by the way, got the same rights. Smiley
And it was settled generously by the OP, and I thank him for the same.

For the helping a fellow human being to claim his prize, is it such a big deal?
This is the first trust feedback I got back in 2013:
Jaaawsh -2: -1 / +0   2014-09-04   0.00200000      Sent me a couple mBTC so I could get a betting promo. Really appreciate it!

It is kinda mind-blowing that I could be so many people at once.


You don't have to hide behind an alt. You can raise your concerns openly.




Quote
i want your soul.

Not for sale.  Cool
newbie
Activity: 13
Merit: 0
https://blockchain.info/tx/139efa639752e1f2c711bd89d138a3a7e732ffb405286373aca7fda22a3c7132

Send 0.003BTC to 3NAdLw6qqc7F2YVgqgVDnCcRfSfTz4HnpM only. Don't send back to the addresses it came from.
(0.0002 tx fee the site charged for withdrawing)

Thanks Smiley

Thanks ndnhc!!



Congratulations!

Please go to https://www.chainbid.com/my-victory and follow the instructions Smiley

Hi ChainBid,
already finished the instructions  Smiley

newbie
Activity: 3
Merit: 0
Your ID is 23
you have bet from 3 to 80 (-7 from other user) = 73 credits = 0.001375*73 = 0,100375 BTC
You bet 0,1 BTC to win 0,1 BTC?

something wrong in your math


Please read what I wrote. Huh

Your observation is short-sighted. I made a 0.05BTC+ profit. ~ 30% ROI.  Cool (now I am boasting Grin)
You could say I converted 70 or 73 or whatever credits to 0.1BTC. You don't see any sense in that?

how you made 30% ROI? i can't see...

you wasted 70 credits that cost 0.1 BTC... the prize for the auction is 0.1BTC... it's 0% ROI... where other players is all on negative ROI, and Houser is with all players bid profit
you waste 0.155 btc to buy 112 credits... you waste 70... to earn 0.1 that's equivalent to 70 -.-

EDIT: well, i need to go now... if you can prove me i'm wrong i ask you apologize for all this, if you can't, i want your soul..., i'll back later bye
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
Your ID is 23
you have bet from 3 to 80 (-7 from other user) = 73 credits = 0.001375*73 = 0,100375 BTC
You bet 0,1 BTC to win 0,1 BTC?

something wrong in your math


Please read what I wrote. Huh

Your observation is short-sighted. I made a 0.05BTC+ profit. ~ 30% ROI.  Cool (now I am boasting Grin)
You could say I converted 70 or 73 or whatever credits to 0.1BTC. You don't see any sense in that?
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
Hi ndnhc,

thank you very much for the offer,
below is a bitcoin address to send 0.0028 BTC
1NSUE7HHKYTHzdo92NR3YHayrdD1W7G8Cp

after I receive the prize, I definitely will reimburse you,
Thank you and I appreciate your help,  Smiley



https://blockchain.info/tx/139efa639752e1f2c711bd89d138a3a7e732ffb405286373aca7fda22a3c7132

Send 0.003BTC to 3NAdLw6qqc7F2YVgqgVDnCcRfSfTz4HnpM only. Don't send back to the addresses it came from.
(0.0002 tx fee the site charged for withdrawing)

Thanks Smiley
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