(E)t)h)e)x) 🔥🔥🔥 What's the next Ether block hash? Guess and get paid! 💰💰💰 - page 21.

EthexBet

copper member

Activity: 87

Merit: 15

Humble member of this respective community!

Quote from: Crypto_Man1212 on July 01, 2019, 06:18:11 AM

So it should have been 0.01 * 4823 * 2?

96.46 ETH?

Then Ethex will go bankrupt at some point, because they're offering a 6-match jackpot that's too big?

If one believes that Birthday Paradox is applicable for Ethereum block hashes calculation algorithm, than you should use 0.06 instead of 0.01 in your calculation. To hit the Superprize you need to place a bet on 6 symbols, and there is a 0.01 ETH minimum for each symbol. If you not believe in Birthday Paradoc, you can calculate probability like 16^6, but the lottery history shows that any of this method doesn't make sense as the event of hitting jackpot can happen anytime. I.e. if in theory, there are 4k or 16 mln of combinations, but someone guesses the winning number on 100-th ticket, does it matter how many not-winning combinations left?

What we have done internally some time ago: we have checked equiprobability of symbols in Ethereum block hashes algorithm. Are Ethereum block hashes random enough to build gambling on it? We have scanned the Ethereum blockchain from the very first block to the very last one and calculated how many times each symbol has been met on each position of block hash. Ill leave this table here with no comments, to let you better understand how does the hashing algorithm works. It was made on block #7482000. You can decide which symbols or symbol groups (letters, numbers, odd, even) meet more often then others.

Thanks for your interest!

BuyingFast

full member

Activity: 230

Merit: 101

Ethex team is busy coding it seems. Cheesy

BuyingFast

full member

Activity: 230

Merit: 101

That's how I understand it. Maybe the Ethex team could confirm or help us adjust the numbers with better math.

Crypto_Man1212

full member

Activity: 588

Merit: 100

So it should have been 0.01 * 4823 * 2?

96.46 ETH?

Then Ethex will go bankrupt at some point, because they're offering a 6-match jackpot that's too big?

BuyingFast

full member

Activity: 230

Merit: 101

For their rare/frequent combination, which is "Guess the last 6 symbols of the next block hash", there are 16⁶ possibilities (that's 16,777,216). With zero edge, for a 0.01 ETH bet you'd have to receive 167772.16 ETH, but you actually receive 0.128 ETH + superprize = 185.640728 ETH. Therefore the edge 1 - 185.640728 / 167772.16, and you'd multiply with 100 to find it in percentage.

Crypto_Man1212

full member

Activity: 588

Merit: 100

I'll ask again... Has anyone tried to calculate the edge of this game? It would be nice to see how it compares to a standard lottery, which has like zero chances of winning for most plays.

BuyingFast

full member

Activity: 230

Merit: 101

Quote from: Ethex_Team on June 27, 2019, 02:01:14 AM

Quote from: BLACKCOIN883 on June 25, 2019, 05:13:57 PM

You know what else you could add on the website? A simple dice game, that just seems like the kind of thing that everybody likes to play. And they could play it while waiting for a lottery draw, or while waiting to see if they get the daily jackpot.

Thank you for your idea. We are thinking about new games to be added and collecting some data on our customers' priorities.

And for a dice game, you'd probably find the web code and the smart contract already on the internet, for free. Just adapt it a bit and that's it.

Ethex_Team

copper member

Activity: 410

Merit: 1

Quote from: BLACKCOIN883 on June 25, 2019, 05:13:57 PM

You know what else you could add on the website? A simple dice game, that just seems like the kind of thing that everybody likes to play. And they could play it while waiting for a lottery draw, or while waiting to see if they get the daily jackpot.

Thank you for your idea. We are thinking about new games to be added and collecting some data on our customers' priorities.

BuyingFast

full member

Activity: 230

Merit: 101

I'd play that.

BLACKCOIN883

sr. member

Activity: 271

Merit: 250

You know what else you could add on the website? A simple dice game, that just seems like the kind of thing that everybody likes to play. And they could play it while waiting for a lottery draw, or while waiting to see if they get the daily jackpot.

Ethex_Team

copper member

Activity: 410

Merit: 1

Quote from: BuyingFast on June 24, 2019, 03:01:27 AM

Quote from: ?? on ??

There's nothing missing when it comes to UI/UX. If I were you I wouldn't worry about it. And with this bull market that we're having now, you probably won't even have to bother with marketing. More and more users will come.

I agree, good job done in this area.

It is always a pleasure to hear some positive reviews!
Thanks

nofreecoins

jr. member

Activity: 111

Merit: 1

Quote from: ?? on ??

There's nothing missing when it comes to UI/UX. If I were you I wouldn't worry about it. And with this bull market that we're having now, you probably won't even have to bother with marketing. More and more users will come.

It depends a bit where the stream of users that came are going and why are they into it, if they just looking for a quick cash might be a bit harder, however the ticket system and game itself help quite a bit.

BuyingFast

full member

Activity: 230

Merit: 101

Quote from: ?? on ??

There's nothing missing when it comes to UI/UX. If I were you I wouldn't worry about it. And with this bull market that we're having now, you probably won't even have to bother with marketing. More and more users will come.

I agree, good job done in this area.

BLACKCOIN883

sr. member

Activity: 271

Merit: 250

I like this more and more.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: nofreecoins on June 22, 2019, 09:45:47 AM

So how do you deposit on an onchain game...

I just used Metamask wallet and the process is fully automatic.

One just needs to guess last 6 hex numbers of the block hash that will be generated based on your transaction and payment is sent from Metamsk wallet automatically.

Which is great because the Ethexbet blockchain lottery doesn't charge exorbitant transaction fees, one can start playing with as little as 0.6 ETH (0.1 ETH for each symbol).

If one is lucky and wins the bet then the winnings are sent back automatically to Metamsk using smart contract, I guess.

I have written in my first post that I tried deposits and withdrawals (which is true) because is not easy to explain this process in a few words without describing everything precisely.

As you @nofreecoins are aware of how Ethexbet operate you should understand what I mean and not stick to my words precisely.

I just wanted that my review is clear even to a person with not much knowledge about cryptocurrencies and ETH in this particular case.

I hope this answer your question.

Quote

Unlike online casinos, Ethex doesn't generate numbers randomly. The winning combinations in this crypto lottery consist of the symbols of the block hashes that are being created by miners all around the world once your transaction is added to the network. That means there is no way to hack or cheat the system.

What is more, Ethex uses publicly available smart contracts to ensure provably fair gambling. What does this mean to you? Verifiability and transparency of the results! Neither operators nor players can interfere with the outcomes of this Ethereum lottery.

In my post, I used some texts from https://ethex.bet/

Ethex_Team

copper member

Activity: 410

Merit: 1

Quote from: wwzsocki on June 22, 2019, 05:51:04 AM

Quote from: dunfida on June 21, 2019, 06:27:38 PM

This is what i have observed too where that Superjackpot is bloating too fast.I do recently see this game due to some
signature wearers and i thought this one wont really gain any players and basing on what we are seeing there are really
some fellas who have been hooked and cant even believe on a short span of time that prize pool grows too fast.

I got a small bonus from EthexBet to test the waters and have to say that everything looks legit for me.

I can't vouch on fast-growing SuperJackpots because I haven't spotted this but I played a few hours there and tried to deposit, withdraw and everything works as supposed to.

Thanks, @EthexBet for this bonus and I will be coming back to play more. Especially with high Jackpots Wink

.

Thank you for the positive feedback and your application.
We value it.

nofreecoins

jr. member

Activity: 111

Merit: 1

Quote from: wwzsocki on June 22, 2019, 05:51:04 AM

Quote from: dunfida on June 21, 2019, 06:27:38 PM

This is what i have observed too where that Superjackpot is bloating too fast.I do recently see this game due to some
signature wearers and i thought this one wont really gain any players and basing on what we are seeing there are really
some fellas who have been hooked and cant even believe on a short span of time that prize pool grows too fast.

I got a small bonus from EthexBet to test the waters and have to say that everything looks legit for me.

I can't vouch on fast-growing SuperJackpots because I haven't spotted this but I played a few hours there and tried to deposit, withdraw and everything works as supposed to.

Thanks, @EthexBet for this bonus and I will be coming back to play more. Especially with high Jackpots Wink

.

So how do you deposit on an onchain game.
The pots would grow daily weekly and monthly if player base was higher, we arent very far.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: dunfida on June 21, 2019, 06:27:38 PM

This is what i have observed too where that Superjackpot is bloating too fast.I do recently see this game due to some
signature wearers and i thought this one wont really gain any players and basing on what we are seeing there are really
some fellas who have been hooked and cant even believe on a short span of time that prize pool grows too fast.

I got a small bonus from EthexBet to test the waters and have to say that everything looks legit for me.

I can't vouch on fast-growing SuperJackpots because I haven't spotted this but I played a few hours there and tried to deposit, withdraw and everything works as supposed to.

Thanks, @EthexBet for this bonus and I will be coming back to play more. Especially with high Jackpots Wink

.

BuyingFast

full member

Activity: 230

Merit: 101

Or Ethex are seeding the jackpots themselves, which would be very laudable. I don't know if this is even possible through the current smart contract, I'm just speculating here.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: BLACKCOIN883 on June 21, 2019, 11:04:39 AM

Where have I been, the jackpots for this have been growing like crazy. If this keeps up like this, you'll be in the news soon. Like on Bloomberg. I expect really big gamblers from China, Australia, Japan, etc. to start playing this.

This is what i have observed too where that Superjackpot is bloating too fast.I do recently see this game due to some
signature wearers and i thought this one wont really gain any players and basing on what we are seeing there are really
some fellas who have been hooked and cant even believe on a short span of time that prize pool grows too fast.

Topic: (E)t)h)e)x) 🔥🔥🔥 What's the next Ether block hash? Guess and get paid! 💰💰💰 - page 21. (Read 7132 times)