There's also the fact that payback delays will increase in time. There's no way around this.
The number of new deposits required to pay out previous deposits increases exponentially in time.
The deposit right after your deposit will NOT be sufficient to pay you out. This is only the case for the first few deposits.
explanation:
01. in=100 out=0 bank=100
02. in=100 out=125 bank=75
03. in=100 out = 125 bank = 50
04. in=100 out=125 bank = 25
05. in=100 out=125 bank=0
06. in=100 out=0 bank = 100 DELAY=1
07. in=100 out=125 bank = 75 DELAY=1
08. in=100 out=125 bank = 50 DELAY=1
09. in=100 out=125 bank=25 DELAY=1
10. in=100 out=125 bank = 0 DELAY=1
11. in=100 out=0 bank=100 DELAY=2
12. in=100 out=125 bank=75 DELAY=2
...
Topic: JuggerPonz | 150% (Promo) Ponzi | 0 Confirmations | Instant Returns - page 15. (Read 10507 times)
February 14, 2014, 10:29:56 AM
February 14, 2014, 10:12:16 AM
Sounds great!
Site has been working well i have to say.
Also there was a bit of delay a while back took about 40 minutes for payment maybe i was sending to much wasn't sure.
Site has been working well i have to say.
Also there was a bit of delay a while back took about 40 minutes for payment maybe i was sending to much wasn't sure.
I'm glad you're enjoying the game
The delay was probably caused by the above problems. Once the older transactions confirm, it should have a knock on affect to subsequent deposits which are still waiting to be confirmed too and we'll be able to pay out.
It's just a waiting game, but please rest assured that the payout script is still running every 5 minutes, and will process payments as soon as these older funds have confirmed.
February 14, 2014, 10:09:25 AM
Sounds great!
Site has been working well i have to say.
Also there was a bit of delay a while back took about 40 minutes for payment maybe i was sending to much wasn't sure.
Site has been working well i have to say.
Also there was a bit of delay a while back took about 40 minutes for payment maybe i was sending to much wasn't sure.
February 14, 2014, 10:04:17 AM
im getting confirms now so its all good just previous arnt through yet
Great news!
There are a couple of old deposits which are yet to confirm and were sent out in payments, so those entire transactions are still pending. Hopefully they will clear soon.
I am working on some logic to try ensure this doesnt happen again
February 14, 2014, 09:58:24 AM
im getting confirms now so its all good just previous arnt through yet
February 14, 2014, 09:56:09 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
Actually I think insdice.us paid every single one in order.I looked for oldest unconfirmed transaction. https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f
It says "Estimated Confirmation Time 42 minutes
Warning: Transaction fee is less than recommended".
Warning: Transaction fee is less than recommended
ELI5 what does this mean? will it paid 100% in many hours or never? thanks
The problem seems to be caused by the input coins still being unconfirmed;
https://blockchain.info/tx/b1bd2b8360759094533272de488b44fd64eb3d83f5d1d9ddb6e1565baa1ef362
I'm looking into this, but I'm unsure as to how I specify via the BlockChain API to only send confirmed coins. There doesnt seem to be that option in their documentation which is strange.
Sorry about this guys, there are always teething trouble in something new, and I'll keep everyone informed of my progress!
thanks for explaining. in this case it would have been better to know all what you know now from the start because I am sure that many investors (incl me) stopped investing. and this hurts your model of ponzi
Absolutely, this was never intentional, as mentioned we hoped to be the longest serving ponzi game, and hopefully we still can. Where possible, I am manually paying out the oldest deposits with the remaining wallet balance, and as soon as the older transactions start to clear, hopefully we will have a cause to the above.
Sorry again guys, hopefully it's a quick fix!
February 14, 2014, 09:48:05 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
Actually I think insdice.us paid every single one in order.I looked for oldest unconfirmed transaction. https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f
It says "Estimated Confirmation Time 42 minutes
Warning: Transaction fee is less than recommended".
Warning: Transaction fee is less than recommended
ELI5 what does this mean? will it paid 100% in many hours or never? thanks
The problem seems to be caused by the input coins still being unconfirmed;
https://blockchain.info/tx/b1bd2b8360759094533272de488b44fd64eb3d83f5d1d9ddb6e1565baa1ef362
I'm looking into this, but I'm unsure as to how I specify via the BlockChain API to only send confirmed coins. There doesnt seem to be that option in their documentation which is strange.
Sorry about this guys, there are always teething trouble in something new, and I'll keep everyone informed of my progress!
thanks for explaining. in this case it would have been better to know all what you know now from the start because I am sure that many investors (incl me) stopped investing. and this hurts your model of ponzi
February 14, 2014, 09:43:20 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
Actually I think insdice.us paid every single one in order.I looked for oldest unconfirmed transaction. https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f
It says "Estimated Confirmation Time 42 minutes
Warning: Transaction fee is less than recommended".
Warning: Transaction fee is less than recommended
ELI5 what does this mean? will it paid 100% in many hours or never? thanks
The problem seems to be caused by the input coins still being unconfirmed;
https://blockchain.info/tx/b1bd2b8360759094533272de488b44fd64eb3d83f5d1d9ddb6e1565baa1ef362
I'm looking into this, but I'm unsure as to how I specify via the BlockChain API to only send confirmed coins. There doesnt seem to be that option in their documentation which is strange.
This has snowballed now causing payouts to stop as there are a limited number of "confirmed" coins left in the wallet.
Note: I've also increased the TX fee from "normal" to "generous" for future TXs
Sorry about this guys, there are always teething trouble in something new, I'll keep everyone informed of my progress!
February 14, 2014, 09:34:34 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
Actually I think insdice.us paid every single one in order.I looked for oldest unconfirmed transaction. https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f
It says "Estimated Confirmation Time 42 minutes
Warning: Transaction fee is less than recommended".
Warning: Transaction fee is less than recommended
ELI5 what does this mean? will it paid 100% in many hours or never? thanks
February 14, 2014, 09:11:42 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
Actually I think insdice.us paid every single one in order.I looked for oldest unconfirmed transaction. https://blockchain.info/tx/2ab55b583f7b1064060622e17f13c06b47dc11b0f9df3cd0439a0e8d4bb7dc3f
It says "Estimated Confirmation Time 42 minutes
Warning: Transaction fee is less than recommended".
February 14, 2014, 09:11:05 AM
Guys rip it off while it lasts!
February 14, 2014, 09:07:16 AM
can some one shed light on all my unconfirmed payments I received. I understood I am not alone and many have unconfirmed payouts
Hi Tornino, I'm looking into this now.
I am using BlockChains "send to many" API functionality, however I dont know how to specify not to send unconfirmed coins;
https://blockchain.info/api/blockchain_wallet_api
There must be a way, but I admit I have not been impressed with BlockChain's API over the past couple of hours...
February 14, 2014, 09:04:21 AM
I am waiting 1.5 hour for confirmations that sucks :/
February 14, 2014, 09:01:35 AM
can some one shed light on all my unconfirmed payments I received. I understood I am not alone and many have unconfirmed payouts
February 14, 2014, 08:58:49 AM
maybe stop withdraw and collect BTC to my withdraw..
Sorry, this is exactly how Ponzi games come to an abrupt end and many people lose out. Other players wont deposit if there is a huge queue waiting for just your payout.
The best way is for everyone to keep depositing (we currently average a balance of 0.45) and eventually the balance will exceed 1.25 when you will be first in line for your payout.
More more more..
we need more ponzi.....
we need more ponzi.....
I fully appreciate Ponzi games aren’t for everyone. Having played a couple on here recently I quickly became frustrated with the lack of communication from the owners, and\or the manual process of making repayments.
The aim of Bitvestment is to;
- Be as transparent as possible - all our transactions are listed on our site, to confirm our 5 minute automatic payments
- Be as sophisticated as possible - all payments are fully automated every 5 minutes (assuming deposits are confirmed and funds are available in the master wallet
- Last as long as possible - by achieving the above two points, the hope is Bitvestment can be the longest serving BitCoin Ponzi to date
Adding to which, this project has improved my personal knowledge of PHP and Python massively!
Hopefully, BitVestment is around long enough to change a few doubters feelings, but I wont hold my breathe
Automatic payout and transparence won't help a ponzi last longer.
So sorry this is just another ponzi, nothing better nothing new
Of course it will. Ponzi is a gamble, plain and simple. However if there is a level of trust with the owner, it means more players are likely to deposit, meaning the game will last longer.
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
yes he collect ~0.5 BTC and mass withdraw.. so when hes collect BTC to my withdraw ?Sorry, I dont understand this?
February 14, 2014, 08:57:55 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
yes he collect ~0.5 BTC and mass withdraw.. so when hes collect BTC to my withdraw ? 
February 14, 2014, 08:56:06 AM
More more more..
we need more ponzi.....
we need more ponzi.....
I fully appreciate Ponzi games aren’t for everyone. Having played a couple on here recently I quickly became frustrated with the lack of communication from the owners, and\or the manual process of making repayments.
The aim of Bitvestment is to;
- Be as transparent as possible - all our transactions are listed on our site, to confirm our 5 minute automatic payments
- Be as sophisticated as possible - all payments are fully automated every 5 minutes (assuming deposits are confirmed and funds are available in the master wallet
- Last as long as possible - by achieving the above two points, the hope is Bitvestment can be the longest serving BitCoin Ponzi to date
Adding to which, this project has improved my personal knowledge of PHP and Python massively!
Hopefully, BitVestment is around long enough to change a few doubters feelings, but I wont hold my breathe
Automatic payout and transparence won't help a ponzi last longer.
So sorry this is just another ponzi, nothing better nothing new
February 14, 2014, 08:52:12 AM
Betek, if you send such large amount you will have to wait a bit longer. This has been the case in every ponzi that there has been until now. If you start spamming this topic you will only chase potential new players away and then it will take even longer... Just be patient
February 14, 2014, 08:50:11 AM
maybe stop withdraw and collect BTC to my withdraw..
February 14, 2014, 08:48:26 AM
Perhaps it would be safer to wait with payout until all deposits have at least 1 confirmation?
Indeed, and the "available balance" presented to the repayment script only considers confirmed BitCoins, however when the transaction is submitted to BlockChain to process, I'm not sure how to dictate "only use confirmed coins for this transaction". This doesn’t seem to be documented in their API... Unless I'm missing something!
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