🌟🎲🌟 MoneyPot.com - page 62.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Valzador on August 03, 2016, 08:50:23 PM

Is there a way we can see how much we've made or lost investing in the bankroll?

A quick and easy way is to divest all and reinvest the entire amount. This will now show that amount in your history. At any time, assuming you haven't added more, you just take currentBalance-historyBalance=profit/loss. You can do this every time you want to add more, too. I personally run a spreadsheet.

gamblingbad

hero member

Activity: 568

Merit: 500

https://bit-exo.com/?ref=gamblingbad

Quote from: Valzador on August 03, 2016, 08:50:23 PM

Is there a way we can see how much we've made or lost investing in the bankroll?

Only way is count all deposits and withdraws togheter and what u have in account.

Valzador

hero member

Activity: 1316

Merit: 503

Is there a way we can see how much we've made or lost investing in the bankroll?

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: AcoinL.L.C on August 03, 2016, 11:31:53 AM

Quote from: cazkooo on August 03, 2016, 10:58:21 AM

Sorry Im not really a tech guy but doesnt moneypot send 10k satoshis previous everytime we use the default options and 20k everytime we use the top priority options? what about adding this feature back as this seems to be the best possible thing for both sides and moneypot wont have to deal with this extra charges anymore

Also it seems this guy won another 11 btc https://www.moneypot.com/users/copypasta

Please read the replies above, this has already been answered.

Im asking why dont you use the old system? if someone wants to withdraw high amount then it is his fault for not setting up the withdrawal with more fees to it , additionally you guys can set the 30 , 40 or even 50k bits options for someone that wants to get his confirmation faster for high amount withdrawal

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: cazkooo on August 03, 2016, 10:58:21 AM

Sorry Im not really a tech guy but doesnt moneypot send 10k satoshis previous everytime we use the default options and 20k everytime we use the top priority options? what about adding this feature back as this seems to be the best possible thing for both sides and moneypot wont have to deal with this extra charges anymore

Also it seems this guy won another 11 btc https://www.moneypot.com/users/copypasta

Please read the replies above, this has already been answered.

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: CrazyCraig on August 02, 2016, 11:10:39 AM

Quote from: cazkooo on August 02, 2016, 10:46:12 AM

Quote from: Dogedigital on August 02, 2016, 08:05:45 AM

Quote from: really? on August 02, 2016, 07:53:59 AM

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

We believed the issue to be fixed, but are adjusting it to work more properly.

We handle withdrawals ranging from 100 bits to 30,000,000 bits, so we need to find a proper balance for everything.

The transaction fees have risen from the halvening, making things more complicated, but we will keep attacking it until we have a solid solution in place.

edit; We have now changed the system to a default 200 bits fee, and a 300 bits priority fee. You will note a memo when you are about to make a withdrawal/send.

Oh come on, whats the matter with this thing. I have choosen the default 200 bits fee and yet you guys send with less than 5k satoshi. Literally you are stealing away 15k satoshis from my transaction. Whats so hard for you to use the old system? the previous system will send my transaction with 10k if I choose default and 20k for priority without any reducement at all

The specified fee is used in the calculation. See this transaction for instance. I sent this transaction using the default 200 bit fee. https://blockchain.info/tx/d8ede284c81313c6640fb1ad2e87f3db39bc615e4d19bf796f45e75b9cac3cf9

From the transaction you can see:
Size: 225 bytes = .225 kb
MP Fee: 2000 sat
TX Fee: 452 sat

.225 * 2000 = 450 sat. (The extra 2 comes from the rounding as 225 bytes is rounded)

Here it is with the 300 bit fee: https://blockchain.info/tx/cadce78e66237e3b52ce94b35712f0412cf6d2177c4ddca9d0dc675f4bb85826
Size: 225 bytes = .225 kb
MP Fee: 2000 sat
TX Fee: 675 sat

.225 x 3000 = 675 sat

Now assume we have a larger transaction. Fees are likely to be higher than the 2000 sat MP charges for default. In that case, MP is losing money. MP charges flat rate. Its simple.

Sorry Im not really a tech guy but doesnt moneypot send 10k satoshis previous everytime we use the default options and 20k everytime we use the top priority options? what about adding this feature back as this seems to be the best possible thing for both sides and moneypot wont have to deal with this extra charges anymore

Also it seems this guy won another 11 btc https://www.moneypot.com/users/copypasta

gyo9i

full member

Activity: 226

Merit: 100

Again.
Deposit not credited after 12 conf.

really?

newbie

Activity: 14

Merit: 0

Quote from: Dogedigital on August 02, 2016, 11:41:50 AM

...

We are not attempting to profit off of fees.

There are instances where we end up saving on the fee and there are instances where we end up paying more for the fee.

When the blockchain is backed up, we have had days when we spend over 0.08 just in overage fees.

The setup is for the dynamic fee to be used that will generate confirmations quickly. It may be less than what the user has paid. It might be more than what the user paid.

To my knowledge, the same system is used on Bustabit, Primedice, and other gaming sites.

I understand now, thank you. It wasn't very clear before. I saw you also added some info in the send section.
Good job. Wink

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Quote from: oHnK on August 02, 2016, 12:48:33 PM

Could someone describe this in the simplest possible explanation? so couldnt the system send all withdrawal with flat 200 bits for every transaction? Why would the site wants to pay more for large withdrawal? I do think with 200 bits you could get your transaction to be confirmed on the next block

Transaction fees vary on each transaction based on block size, inputs, and outputs. See http://bitcoinfees.com for more information. As the transaction size increases, so does the fees. One can estimate the fees but the estimation is not accurate.

Theoretically it is possible to set fixed transaction fees but it would need to be implemented in an odd way. Additionally, larger transactions would take larger to confirm as the fees would be reduced.

oHnK

hero member

Activity: 1414

Merit: 574

Could someone describe this in the simplest possible explanation? so couldnt the system send all withdrawal with flat 200 bits for every transaction? Why would the site wants to pay more for large withdrawal? I do think with 200 bits you could get your transaction to be confirmed on the next block

AcoinL.L.C

legendary

Activity: 1036

Merit: 1000

Quote from: RHavar on August 02, 2016, 12:08:23 PM

Quote from: Bitinity on August 02, 2016, 10:52:29 AM

Yeah, it is kind of stealing. Imagine if there are hundreds withdrawal request per day, 15k satoshi x 100 = 0.015btc/day stolen from players. It should be not a hard thing to do for a proffesional site like moneypot but seems they do not consider it as an important thing.

What MP is doing is correct, it's just a bit confusing. As a user you only care about the absolute fee you need to pay, but the bitcoin network only cares about how much fees were paid *for the amount of bytes in the transaction*. But as a user of moneypot, you can't control the size of the transaction (which will vary depending on the deposit:withdraw ratio). So what MP (and most sites) do is quote you a flat fee, and you pay that regardless of the transaction size or block pressure. As long as you get your money in a timely fashion, it's pretty irrelevant how much MP itself paid.

(On a side note, one withdraw at bustabit once used 0.018 BTC ( 11 USD at the time) when it caused the majority of the wallet to get sweeped up but the user only paid the flat fee. It wouldn't be fair to charge the user 0.018 BTC for the withdrawal, as it wasn't his decision to sweep up the wallet. And likewise, users really shouldn't complain when they pay more than what the site pays for that individual transaction)

Thank you Ryan.

A few months when the blockchain was extremely bloated MoneyPot was spending an exorbitant amount to process withdrawals (while still charging 100 bits). MoneyPot is net negative from transaction fees, and we are not profiting from them.

As far as the question regarding volume: Our volume has certainly taken a hit since the downtime. Its not unusual however, for spurts of larger than normal volume. Prior to the downtime we were averaging over 200BTC and ~3.5MM bets a day in volume, over the past 24 hours we have done over 140BTC and 2.6MM in bets.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: Bitinity on August 02, 2016, 10:52:29 AM

Yeah, it is kind of stealing. Imagine if there are hundreds withdrawal request per day, 15k satoshi x 100 = 0.015btc/day stolen from players. It should be not a hard thing to do for a proffesional site like moneypot but seems they do not consider it as an important thing.

What MP is doing is correct, it's just a bit confusing. As a user you only care about the absolute fee you need to pay, but the bitcoin network only cares about how much fees were paid *for the amount of bytes in the transaction*. But as a user of moneypot, you can't control the size of the transaction (which will vary depending on the deposit:withdraw ratio). So what MP (and most sites) do is quote you a flat fee, and you pay that regardless of the transaction size or block pressure. As long as you get your money in a timely fashion, it's pretty irrelevant how much MP itself paid.

(On a side note, one withdraw at bustabit once used 0.018 BTC ( 11 USD at the time) when it caused the majority of the wallet to get sweeped up but the user only paid the flat fee. It wouldn't be fair to charge the user 0.018 BTC for the withdrawal, as it wasn't his decision to sweep up the wallet. And likewise, users really shouldn't complain when they pay more than what the site pays for that individual transaction)

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Quote from: cazkooo on August 02, 2016, 10:46:12 AM

Quote from: Dogedigital on August 02, 2016, 08:05:45 AM

Quote from: really? on August 02, 2016, 07:53:59 AM

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

We believed the issue to be fixed, but are adjusting it to work more properly.

We handle withdrawals ranging from 100 bits to 30,000,000 bits, so we need to find a proper balance for everything.

The transaction fees have risen from the halvening, making things more complicated, but we will keep attacking it until we have a solid solution in place.

edit; We have now changed the system to a default 200 bits fee, and a 300 bits priority fee. You will note a memo when you are about to make a withdrawal/send.

Oh come on, whats the matter with this thing. I have choosen the default 200 bits fee and yet you guys send with less than 5k satoshi. Literally you are stealing away 15k satoshis from my transaction. Whats so hard for you to use the old system? the previous system will send my transaction with 10k if I choose default and 20k for priority without any reducement at all

The specified fee is used in the calculation. See this transaction for instance. I sent this transaction using the default 200 bit fee. https://blockchain.info/tx/d8ede284c81313c6640fb1ad2e87f3db39bc615e4d19bf796f45e75b9cac3cf9

From the transaction you can see:
Size: 225 bytes = .225 kb
MP Fee: 2000 sat
TX Fee: 452 sat

.225 * 2000 = 450 sat. (The extra 2 comes from the rounding as 225 bytes is rounded)

Here it is with the 300 bit fee: https://blockchain.info/tx/cadce78e66237e3b52ce94b35712f0412cf6d2177c4ddca9d0dc675f4bb85826
Size: 225 bytes = .225 kb
MP Fee: 2000 sat
TX Fee: 675 sat

.225 x 3000 = 675 sat

Now assume we have a larger transaction. Fees are likely to be higher than the 2000 sat MP charges for default. In that case, MP is losing money. MP charges flat rate. Its simple.

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: Bitinity on August 02, 2016, 10:52:29 AM

Quote from: cazkooo on August 02, 2016, 10:46:12 AM

Quote from: Dogedigital on August 02, 2016, 08:05:45 AM

Quote from: really? on August 02, 2016, 07:53:59 AM

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

We believed the issue to be fixed, but are adjusting it to work more properly.

We handle withdrawals ranging from 100 bits to 30,000,000 bits, so we need to find a proper balance for everything.

The transaction fees have risen from the halvening, making things more complicated, but we will keep attacking it until we have a solid solution in place.

edit; We have now changed the system to a default 200 bits fee, and a 300 bits priority fee. You will note a memo when you are about to make a withdrawal/send.

Oh come on, whats the matter with this thing. I have choosen the default 200 bits fee and yet you guys send with less than 5k satoshi. Literally you are stealing away 15k satoshis from my transaction. Whats so hard for you to use the old system? the previous system will send my transaction with 10k if I choose default and 20k for priority without any reducement at all

Yeah, it is kind of stealing. Imagine if there are hundreds withdrawal request per day, 15k satoshi x 100 = 0.015btc/day stolen from players. It should be not a hard thing to do for a proffesional site like moneypot but seems they do not consider it as an important thing.

If they want to take a part of the fee that I paid to them then it is fine for me atleast I got my transaction going through with a fine fee that is enough for the network. It should be a simple fix for them by adding fix amount of fee everytime someone requested a withdrawal though

Note : this is a rant but I do still love how awesome your site it

hua_hui

legendary

Activity: 1386

Merit: 1016

Quote from: gamblingbad on August 01, 2016, 10:07:03 PM

When is rubies going to be added to mp? It has taken a long time i start doubt if its going to be added

I thought rubies is already added to MP. i can see the balance shown up there but i have yet to try to deposit any rubies to it yet. I tried to go into some app and it never show that i can transfer rubies to gamble and that is why i never transfer rubies to MP yet.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: cazkooo on August 02, 2016, 10:46:12 AM

Quote from: Dogedigital on August 02, 2016, 08:05:45 AM

Quote from: really? on August 02, 2016, 07:53:59 AM

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

We believed the issue to be fixed, but are adjusting it to work more properly.

We handle withdrawals ranging from 100 bits to 30,000,000 bits, so we need to find a proper balance for everything.

The transaction fees have risen from the halvening, making things more complicated, but we will keep attacking it until we have a solid solution in place.

edit; We have now changed the system to a default 200 bits fee, and a 300 bits priority fee. You will note a memo when you are about to make a withdrawal/send.

Oh come on, whats the matter with this thing. I have choosen the default 200 bits fee and yet you guys send with less than 5k satoshi. Literally you are stealing away 15k satoshis from my transaction. Whats so hard for you to use the old system? the previous system will send my transaction with 10k if I choose default and 20k for priority without any reducement at all

Yeah, it is kind of stealing. Imagine if there are hundreds withdrawal request per day, 15k satoshi x 100 = 0.015btc/day stolen from players. It should be not a hard thing to do for a proffesional site like moneypot but seems they do not consider it as an important thing.

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: Dogedigital on August 02, 2016, 08:05:45 AM

Quote from: really? on August 02, 2016, 07:53:59 AM

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

We believed the issue to be fixed, but are adjusting it to work more properly.

We handle withdrawals ranging from 100 bits to 30,000,000 bits, so we need to find a proper balance for everything.

The transaction fees have risen from the halvening, making things more complicated, but we will keep attacking it until we have a solid solution in place.

edit; We have now changed the system to a default 200 bits fee, and a 300 bits priority fee. You will note a memo when you are about to make a withdrawal/send.

Oh come on, whats the matter with this thing. I have choosen the default 200 bits fee and yet you guys send with less than 5k satoshi. Literally you are stealing away 15k satoshis from my transaction. Whats so hard for you to use the old system? the previous system will send my transaction with 10k if I choose default and 20k for priority without any reducement at all

CrazyCraig

sr. member

Activity: 501

Merit: 340

Bye Felisha!

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Quote from: Dogedigital on August 01, 2016, 01:05:01 PM

Quote from: panjul07 on August 01, 2016, 12:29:00 PM

So the withdrawal fee is not fixed yet? This is the second time I choose 200bits for withdrawal but your system process the withdrawal with only 7k satoshi (less than the default one)
And yeah I need to wait for longer time to get the transcantion confirmed by blockchain. Wondering, how much the transaction will be used if I choose the default one. Hope you can fix it asap.

This will be done by tonight or tomorrow morning.

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

This is currently being fixed and will be implemented soon.

really?

newbie

Activity: 14

Merit: 0

Quote from: panjul07 on August 02, 2016, 07:19:28 AM

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

The amounts mentioned here are really small, but the point is that it is just plain old stealing.
It would be praiseworthy if MoneyPot would comment on this, and nog just saying it will be fixed.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: Dogedigital on August 01, 2016, 01:05:01 PM

Quote from: panjul07 on August 01, 2016, 12:29:00 PM

So the withdrawal fee is not fixed yet? This is the second time I choose 200bits for withdrawal but your system process the withdrawal with only 7k satoshi (less than the default one)
And yeah I need to wait for longer time to get the transcantion confirmed by blockchain. Wondering, how much the transaction will be used if I choose the default one. Hope you can fix it asap.

This will be done by tonight or tomorrow morning.

Getting worst today, just requested another withdrawal and choose priority fee (200bits) but sent with less than 5k satoshi fee. Confirmation Warning "The transaction fee is less than recommended."
You said it will be fixed last night or this morning, but it is not fixed yet. Cry

Topic: 🌟🎲🌟 MoneyPot.com - page 62. (Read 119079 times)