HungerCoins Invest: The odds are ever in your favor. - page 4.

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: miln40 on September 07, 2012, 05:43:40 AM

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

Remember that you'll still win even if you totally miss. Think of it as a micro time deposit. Every once in a while you'll get lucky and hit bigger.

OneEyed

full member

Activity: 154

Merit: 100

Quote from: miln40 on September 07, 2012, 05:43:40 AM

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

With 16 hexadecimal digits in every position, you have one chance out of 16 to have one matching digit, 1/256 for two matching digits, 1/4096 for three, 1/65536 for four.

miln40

member

Activity: 85

Merit: 10

Will give a 0.25 BTC a spin with this and report back.
Question though:
Isn't the payout for higher matches a bit low, considering how statistically unlikely it is that the last 3 or 4 matches occur? Actually, how likely are they to occur?

gbl08ma

sr. member

Activity: 306

Merit: 250

Donations: http://tny.im/nx

35 confirmations now, and ~~no money back~~ the money is back. I just earned... 0.0005 BTC Cheesy

gbl08ma

sr. member

Activity: 306

Merit: 250

Donations: http://tny.im/nx

Tried this out now. Sent the coins from a blockchain.info wallet. Used the "Custom" option on the "Send Money" screen to make sure everything was being sent from the same address, and that the change address was that very same one.
Sent without transaction fees, it's included in a block already (and no, I didn't get lucky).
https://blockchain.info/tx/b68f35796dcfcf729129340ef62db83f51f082daa7ce999ac1895a731654b3ec?show_adv=false

iamtheone

newbie

Activity: 28

Merit: 0

Just reached the 500th bet. Nobody ever lost I would say. But nobody also hit big yet. Still waiting......

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Zillions on September 05, 2012, 09:06:03 AM

Nope that's what I was showing you with the transaction data here's the link again https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210 it was a single payment sent out as 0.50005BTC

See at the bottom of that page, there's a link: "Advanced: Enable". Click it. Then you'll see the advanced view which shows you it's actually 2 separate 0.25 payments, not a single 0.50.

Zillions

full member

Activity: 158

Merit: 100

I realize I'm being a pain about this but ...
I USED my blockchain.info wallet to send that transaction granted I used a diffrent than standard transaction fee but YES I sent 0.5BTC in one transaction.
Other than paying the standard fee (yes I'm greedy because I'm almost broke) I don't see how I could have done it any differently and not gotten the same result. Bad enough I lost a whole return transaction by trying to send from my GLBSE wallet to avoid a few transaction fees now I'm getting dinged when I do it the *right* way?

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: Zillions on September 05, 2012, 09:06:03 AM

Quote from: iamtheone on September 05, 2012, 06:20:43 AM

Please check your transaction history. I think I found 2 sends in a single transaction of 0.25 each. The second one was flagged as invalid.

https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210

Nope that's what I was showing you with the transaction data here's the link again https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210 it was a single payment sent out as 0.50005BTC and 0.002759[ BTC] change sent back to myself for what ever reason I don't understand the cryptography of bitcoins enough to understand why transactions are sent this way.

Any way even if it was sent out as two why would it matter if your allowing transactions between 0.0011BTC and 10BTC that is *STILL* a valid amount correct?

It is actually two 0.25 BTC sends in one transaction as shown here https://blockexplorer.com/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210

In the original post, only one ticket per transaction will be allowed. The reason for this is to reduce the variance. You can either send the two 0.25 in separate transactions or send it as one 0.50 in one transaction.

Zillions

full member

Activity: 158

Merit: 100

Quote from: iamtheone on September 05, 2012, 06:20:43 AM

Please check your transaction history. I think I found 2 sends in a single transaction of 0.25 each. The second one was flagged as invalid.

https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210

Nope that's what I was showing you with the transaction data here's the link again https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210 it was a single payment sent out as 0.50005BTC and 0.002759[ BTC] change sent back to myself for what ever reason I don't understand the cryptography of bitcoins enough to understand why transactions are sent this way.

Any way even if it was sent out as two why would it matter if your allowing transactions between 0.0011BTC and 10BTC that is *STILL* a valid amount correct?

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: AndyRossy on September 04, 2012, 04:28:16 PM

Could you confirm it's still 32 confirmations? I have transactions on 32 confirmations without anything sent back.

There are times when blockexplorer.com is delayed in publishing the blocks. Maybe that's why.

iamtheone

newbie

Activity: 28

Merit: 0

Please check your transaction history. I think I found 2 sends in a single transaction of 0.25 each. The second one was flagged as invalid.

iamtheone

newbie

Activity: 28

Merit: 0

If you send more than once in a single transaction, only the first one will count as valid.

Zillions

full member

Activity: 158

Merit: 100

Weird I have transaction f5d4f2021e4f858067dda7d1a1a918d0f09518f6ccdd62499822a7a82397d749 it's been sitting unconfirmed since "2012-09-04 17:40:08 Unconfirmed Transaction! -0.25005" almost 6 hours ago.
Sent it from a proper online wallet this time.

https://blockchain.info/tx/f5d4f2021e4f858067dda7d1a1a918d0f09518f6ccdd62499822a7a82397d749/f5d4f2021e4f858067dda7d1a1a918d0f09518f6ccdd62499822a7a82397d749

[EDIT:] even Weirder is I have another transaction that was sent right after that is almost at 32 confirmations! WTH https://blockchain.info/tx/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210/09a435adafb9d03b9bfebcb5410d5d3ea0fb0c3b0c5ae76b59c3b5dd5edd4210

[Edit.pt2] Wth that above tranaction where I sent 0.5BTC I "think" just came back since they just hit the 33 confirmations but came back as 2 seperate transaction one 0.249
https://blockchain.info/tx/ec424d83477f2caab6b06ab8e450e7b74b858741824eb67ca1f3346cffad0b67/ec424d83477f2caab6b06ab8e450e7b74b858741824eb67ca1f3346cffad0b67
and the other as 0.2505BTC
https://blockchain.info/tx/6fadc38e2ea50dde820f19380d2e524cae912bb1ff5b60f07575ca1522d35d58/6fadc38e2ea50dde820f19380d2e524cae912bb1ff5b60f07575ca1522d35d58
I thought amounts in multiples of 0.25 was definitely ok let alone amount between 0.25BTC and 10BTC

[Edit.pt3] Phew ok *Finnally* 82397d749 got it's first confirmation at EST 01:54hrs NFC why it took that long yet a transaction to the same adress with more money right after went though immediately yet came back before it even confirmed.

Still think there's a bug that sent back 3b5dd5edd4210 as two seperate payments in *Edit.pt2* one as "incorrect ammount other than 0.25" and one "standard Case 5" repayment? Iamtheone any idea why?

AndyRossy

sr. member

Activity: 448

Merit: 250

Quote from: AndyRossy on September 04, 2012, 04:28:16 PM

Could you confirm it's still 32 confirmations? I have transactions on 32 confirmations without anything sent back.

OK it was paid after 34 confirmations I think?

AndyRossy

sr. member

Activity: 448

Merit: 250

Could you confirm it's still 32 confirmations? I have transactions on 32 confirmations without anything sent back.

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: 2weiX on September 04, 2012, 08:15:13 AM

so i send 1 btc a couple of times.
for a not so-intimately-familiar-with-the-blockchain.... where does I clicks to see them numbers to determine my winnings?

If you know your transaction hash, you can put it in the searchbox here: http://blockchain.info/ and press enter.
Then click the hyperlink next to the "included in block" to know the block hash.
Then compare the last digits of both the transaction hash and the block hash.

Although our official source is blockexplorer.com, blockchain.info is more use friendly.
Let me know if you get it.

2weiX

legendary

Activity: 2058

Merit: 1005

this space intentionally left blank

so i send 1 btc a couple of times.
for a not so-intimately-familiar-with-the-blockchain.... where does I clicks to see them numbers to determine my winnings?

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: JoelKatz on September 04, 2012, 07:37:43 AM

Quote from: iamtheone on September 04, 2012, 07:32:13 AM

The risk or ruin is very small. Although quite remote, what is tragic is a long string of successive jackpots. That is very unlikely to happen though. To be honest, it would be something like a fire, flood, earthquake, war happening in the place where you have business all at the same time.

Nevertheless, you are gambling with money that you cannot afford to lose. You may wish to rethink how wise that is. One of the basic rules of operating a gambling establishment is that you *must* be sufficiently well-funded that a couple of jackpots don't ruin you.

Depending on how your customers bet, it's not unusual to have a well-run gambling establishment that has more losing days than winning days. For example, look at Satoshi Dice. You have to have the financing to let the law of averages catch up.

Not exactly, we have the money. If that very remote case will happen, we will be forced to close down and pay what needs to be paid. Only a long string of unfortunate events will make that happen and we will have to close on the early part of that. Even SD will be forced to close if that tragic thing will happen I believe. Or any business.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: iamtheone on September 04, 2012, 07:32:13 AM

The risk or ruin is very small. Although quite remote, what is tragic is a long string of successive jackpots. That is very unlikely to happen though. To be honest, it would be something like a fire, flood, earthquake, war happening in the place where you have business all at the same time.

Nevertheless, you are gambling with money that you cannot afford to lose. You may wish to rethink how wise that is. One of the basic rules of operating a gambling establishment is that you *must* be sufficiently well-funded that a couple of jackpots don't ruin you.

Depending on how your customers bet, it's not unusual to have a well-run gambling establishment that has more losing days than winning days. For example, look at Satoshi Dice. You have to have the financing to let the law of averages catch up.

Topic: HungerCoins Invest: The odds are ever in your favor. - page 4. (Read 14604 times)