Question? | Bitcointalksearch.org

cronopio

newbie

Activity: 55

Merit: 0

For example. I send some coins (less 1 btc) and the round close by inactivity and I lose my money. No guarantee

Cry

-FaerO-

member

Activity: 84

Merit: 10

0.5BTC enroute to your location

-FaerO-

Yuusha

full member

Activity: 196

Merit: 100

No problem, happy to help.

1MmzoNx2qr2GVKHtPgS1nr4znMRz7Ma94y

Thank you for your generosity.

-FaerO-

member

Activity: 84

Merit: 10

Quote from: Yuusha on August 10, 2011, 08:23:15 AM

You get paid out when all the people before you have been paid, and when there is enough money in the pot to pay you.

For example:

Person 1 deposits 1 BTC (return 1.40) Money in pot: 1 BTC
Person 2 deposits 1 BTC (return 1.40) Money in pot: 2 BTC - Person 1 gets paid out, reducing the money in the pot to 0.6
Person 3 deposits 0.5 BTC (return 0.7) Money in pot: 1.1 BTC
Person 4 deposits 1 BTC (return 1.40) Money in pot: 2.1 - Person 2 gets paid out, reducing the money in the pot to 0.7

And so on. There's no guarantee you will be paid.

Thank you kindly for your example sir. You have solved all of my quandaries. Give me an address and I will donate half a bitcoin to your cause

FaerO

Yuusha

full member

Activity: 196

Merit: 100

You get paid out when all the people before you have been paid, and when there is enough money in the pot to pay you.

For example:

Person 1 deposits 1 BTC (return 1.40) Money in pot: 1 BTC
Person 2 deposits 1 BTC (return 1.40) Money in pot: 2 BTC - Person 1 gets paid out, reducing the money in the pot to 0.6
Person 3 deposits 0.5 BTC (return 0.7) Money in pot: 1.1 BTC
Person 4 deposits 1 BTC (return 1.40) Money in pot: 2.1 - Person 2 gets paid out, reducing the money in the pot to 0.7

And so on. There's no guarantee you will be paid.

-FaerO-

member

Activity: 84

Merit: 10

Im wondering how the bitcoinduit really works. Ive entered a couple btc into a few different ones. In one of them I entered 1.00BTC & have received 1.40 in return. But on all the others nothing. What determines how long it takes for a payout? I entered all of them today so Im not sweating Im just curious to know why I would receive payment on one of them so quickly & not the others when I put the same amount in.

-FaerO-

Topic: Question? (Read 957 times)