Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 181. (Read 345929 times)

Ok fine. Then my thoughts are that assuming a transaction size of 1kb is unrealistic (most transactions are much smaller than this), I believe that crypto-games would be definitely net ahead on charging fees this way. For perspective, Yolodice allows you to withdraw for only 15,000 Sat (regardless of the network), they probably make a loss on that but for people like me it keeps us happy. Well, I guess if no one else is complaining then the system will remain as is, however I think it'd be good to simplify it to change a static fee, where on average, the site is on balance even. I will take it that for all the other coins, the slider fee is the ACTUAL fee too.

I think you misunderstood my previous post about the fees.
The withdrawal fee you pay is always the fee a 1 kB transaction would need (hence "you pay the per kB fee").

If your transaction is bigger than 1 kB (eg because there are several inputs used, which quickly amount to a huge transactions, as they are way bigger than outputs), then the site takes up the remainder of the fees.
If your transaction is smaller than 1 kB, then you end up paying more fees than actually used.

As users can't influence how big their withdrawal transactions are, and it's hard for the site to predict how big those transactions will be, before actually sending it,
all users are paying the same fee (as in, the fee for 1kB), regardless of transaction size. This way, the system is fair for everyone.

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The withdrawal window tells you exactly how big a fee you pay and how much you receive from your total withdrawal amount.

I think it is clear, the only thing not mentioned on the withdrawal page itself is that the fee is per kB (which is mentioned in the FAQ, though).



You can see that a 0.1BTC withdrawal with a 0.00108BTC fee gives you a value of 0.09892BTC sent to your wallet (0.1-0.00108=0.09892).

As for the costs, that's mainly related to Bitcoin transaction fees, fees for eg litecoin are fairly low if you want alternatives.

Hi Lutpin, I must say again I'm a little disappointed  with the fact that the fee system for withdrawals is not, to me totally transparent. This might not matter to the majority of gamblers, but for smaller investors like me, it makes a difference, and is an issue.

You said earlier that the transaction fee slider is in the units BTC / Kb. (i.e. based on the size of the transaction).

I just withdrew 0.5747133 BTC. I selected the transaction fee slider to 0.00156000 BTC, expecting that the total balance (i.e. 0.5747133) will be sent, MINUS a transaction fee per kb, OF 0.00156BTC/kb. (so for example if transaction size is 300 bytes, I'd have expected to be sent 0.5747133 - 0.00156/1024*300 = 0.574256269.

Now what's actually happened was TWO things:
https://blockchain.info/tx/f92697229a778f6d7884cd9cd4dbc63ca0f84ea59322a33ae781125b9d36b010

1) Only 0.57315332 BTC was sent, therefore 0.00156 (approx $11.70 USD) was taken a SEPARATE FEE to Crypto-games.
2) A transaction fee per kb of 0.00156BTC / KB was used to send the transaction in 1) to the blockchain.

Therefore the ACTUAL fee assumed a transaction size of 1KB (and applied that fee to me, on that basis), even though the ACTUAL transaction size was only 224 Bytes, therefore I paid a significantly larger fee than I thought I would.

I know you might attack me and say I'm wrong. I like the site, and the ability to invest, I just don't know why the fee system isn't clearer and also cheaper. From the link, I expected to pay 0.00034944 BTC (Which was the actual transaction charge for putting it on the blockchain, not 0.00156).

Additionally, I have other investments in other coins but have no idea how fees work for them. For example, the slider can't all be based on fee per kb because ETH has a different system (uses gas). Are you able to make it clearer to everyone on how fees work?

So, it seems 2x has just been called off.
https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Even then it's probably just going to tank the price anyway, it's now trading for around 0.027 BTC at Yobit.
Imagine what the price will do once everyone starts dumping their BTG, people are just waiting for it and they've probably prepared as well.

Bitcoin cash was a success compared to this thing 

Tuesday's Litecoin lottery round 18 draw results:

Place	Nickname	Owned Tickets	Winning Ticket	Chance of winning	Reward in Litecoin
1	Aaden580	350	686	21.110%	13.264 LTC
2	Adkyn566	51	1400	3.076%	2.487 LTC
3	Aaden580	350	867	21.110%	0.995 LTC

Bitcoin Lotto round #213 will close in approx 7 hours!

Current prizes:
1st place:  0.03864 BTC
2nd place: 0.00724 BTC
3rd place: 0.00290 BTC

Total tickets bought so far: 483
Price per ticket: 0.00010 BTC

* No house edge on lotto, 1% is added to total prize pool






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Monday's Dogecoin lottery round 106 draw results:

Place	Nickname	Owned Tickets	Winning Ticket	Chance of winning	Reward in DOGE
1	Ailin015	556	242	24.397%	455,800 DOGE
2	Haeda168	209	1212	9.171%	85,463 DOGE
3	Ailin015	556	284	24.397%	34,185 DOGE

Congratulations!




LiteCoin Lotto round #18 will close in approx 10 hours!

Current prizes:
1st place: 13.240 LTC
2nd place: 2.482 LTC
3rd place: 0.993 LTC

Total tickets bought so far: 1655
Price per ticket: 0.01 LTC


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• 16.33 DASH
• 2,583,674 DOGE
• 101.71 ETH
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Roughly 0.03% (0.98^400 -> 0.00030933586).

That's for sure.


How you managed to decipher that I'll never know, but well done. I've been googling but I can't find how to calculate the probability of no occurrence of a 2% chance in a 400 sample. But thinking about it the other way round If you were rolling a 98% chance and you got lucky without losing in 400 rolls you would be happy but it wouldn't seem all that strange.

Feels like we've wasted more time thinking about what the scrambled message might mean, than the person writing it bothered to use when providing us with this...literature.

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On another note, BTG got a testnet since a few days. It's only a matter of years until they've got things running on a main net level.

2% chance? It's payout 50X i suppose you are talking about dice  
Extremely unlucky in my opinion, but look at my logic:

In 400 rolls you didn't hit single time payout 50X but you should have hit it 8 times.
Possibilities:
1) you will hit it 10 times in next 100 rolls.
2) you will roll dice 400 times and you won't hit it.
3) you will roll dice 100000 times and on average you will hit it 2000 times. 98000 red bets and 2000 green bets.

Do you see how your 2% chance looks like?

Dang, I wouldn't have been able to figure that one out, you could be right but who knows?

But would he be going through all that trouble to post here for 400 satoshi's? On the other hand, 400 rounds on red in roulette would be quite silly as well.

DOGE Lotto Round #106 will close in approx 8 hours!

Current prizes:
1st place:  433,600 DOGE
2nd place: 81,300 DOGE
3rd place: 32,520 DOGE

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Price per ticket: 250 DOGE

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My attempt at an exegesis, as it looks like it's the sport of the moment:

"I too¹ had a chance at [random game]. After half an hour², I found myself 400 [satoshis] in the red³. [Random rant follows]."

¹ slang from "2".
² probably because he's a bit slow, this may mean a couple of rounds.
³ meaning he lost 400 satoshis.

I dont even understand what happened, maybe 400 red numbers on roulette?
Half an hour, with 2 seconds per bet, that's 900 bets, so 400 red numbers dont seem unlikely.

It's from this month, so on Dcember 1st, players will receive announced rewards. Cutting rewards is not in our plan 

Would really like to see that

Learn how provably fair works, then verify your rolls accordingly. Without doing that, you just look like an idiot.

I have the chance 2 fell 400 red,after half an hour of the game.How can this be?You scammers

This is really good thing, increasing prize when the bitcoin price is raising too. No one ever done this to their own site, instead they will cut their prize. Its great thing as I know. Btw when does it applied? Starting on this month? So if the price is down, are you going to cut it again? Because you know that the price is fluctuative

Saturday's Bitcoin lottery (round 212) draw results:

Place	Nickname	Owned Tickets	Winning Ticket	Chance of winning	Reward in Bitcoin
1	NakedHiker	103	1628	5.296%	0.15560 BTC
2	Universe	101	1796	5.193%	0.02917 BTC
3	Aaden580	500	412	25.707%	0.01167 BTC

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