No, I'm not referring to Round 4, I'm referring to Round 3. Round 3 does not have a jackpot, and I'm taking into account the 3% fee. Payouts have always been immediate after a deposit.
Edit: And there it goes with a newer bet, must have been very close.
Topic: [WEEKEND ROUND WITH JACKPOT] BitCat.ch - automated bitcoin game. - page 10. (Read 34476 times)
July 15, 2011, 12:37:03 PM
July 15, 2011, 12:33:06 PM
I've noticed delays, maybe it's because of bitcoin transactions?
Don't forget to factor in the 5% jackpot fee and the 0.03 fee that goes to the owner.
Edit: I think we're meant to be discussing here now though.
Don't forget to factor in the 5% jackpot fee and the 0.03 fee that goes to the owner.
Edit: I think we're meant to be discussing here now though.
July 15, 2011, 12:29:22 PM
What is the pot at currently? My spreadsheet says there is just enough to pay out, but it hasn't yet.
July 13, 2011, 07:17:08 PM
I understand it's a pyramid, but because I do, i expected a certain outcome which would of happened as expected. However, without warning, round 4 started and everyone abandoned round 3. If you would had gave us a fair warning, I wouldn't had kept putting back in.
I think there should only be one round at a time. I like the jackpot idea though. 
July 13, 2011, 07:01:01 PM
I understand it's a pyramid, but because I do, i expected a certain outcome which would of happened as expected. However, without warning, round 4 started and everyone abandoned round 3. If you would had gave us a fair warning, I wouldn't had kept putting back in.
July 13, 2011, 03:45:31 PM
Disregard, looks like the order of payout for payments that got through on Jul 13 02:42:11 got shuffled around for some reason. Some payouts stayed at the same place before and after a refresh, thus the confusion.
Is there a problem with payouts?
Payments underneath the red line were made after payouts reached the level they are currently at (the 545c pay hash). Considering that that is 4.82 bitcoins, shouldn't payouts have progressed?
Is there a problem with payouts?
Payments underneath the red line were made after payouts reached the level they are currently at (the 545c pay hash). Considering that that is 4.82 bitcoins, shouldn't payouts have progressed?
July 13, 2011, 09:56:43 AM
Wow wtf...
nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
It wasn't spontaneous decision to start round #4 before round #3 ends, earlier (on page 14) I said that I'm going to start new round in Sunday, but I even waited another two days and started it on Tuesday, so I don't understand why you complain about 'army' of people unpaid, this is pyramid game and eventually it goes slower and slower and there always will be army of unpaid people. nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
July 13, 2011, 09:48:40 AM
Wow wtf...
nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
It's actually still running nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
July 13, 2011, 09:47:27 AM
He has a right to do that it says that you can loose them. That's why you have to be first in a pyramid.
July 13, 2011, 09:17:44 AM
Wow wtf...
nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
nice knowing I lost 40usd worth of btc because this dude decided to start a new round when the last one still has several days left and with an army of people unpaid...
I'm out.
July 12, 2011, 08:43:37 PM
Well, it looks harder becasue people only bidding 0.01 - 0.1 BTC.
When people start to bid the higher again, it will easily clear up.
Also, I think its a bad idea to have 2 games running at once.
When people start to bid the higher again, it will easily clear up.
Also, I think its a bad idea to have 2 games running at once.
Yeah I agree. Its unfair to start the new round while the old one is still running. Diverts new people away and leave us stuck.
July 12, 2011, 07:49:43 PM
Well, it looks harder becasue people only bidding 0.01 - 0.1 BTC.
When people start to bid the higher again, it will easily clear up.
Also, I think its a bad idea to have 2 games running at once.
When people start to bid the higher again, it will easily clear up.
Also, I think its a bad idea to have 2 games running at once.
July 12, 2011, 01:16:28 PM
This needs more attention! Still have about 4-5 days left.
July 11, 2011, 11:16:38 AM
I think he should end the game and have one round every day.
July 11, 2011, 11:15:37 AM
July 10, 2011, 08:34:35 PM
It's usually the people who has doubt that gets in too late. I remember people getting scared to get in since round one, and each round i got to cycle at least 3x!
:]
(fortune favors the braves!)
:]
(fortune favors the braves!)
July 10, 2011, 07:01:17 PM
As soon as I get paid out again, I'm going back in, there still a lot of time left to cycle.
I'm going to do the same. There is quite a bit of time left. I think once we get back to the week, it will swing back up again.
July 10, 2011, 06:40:05 PM
As soon as I get paid out again, I'm going back in, there still a lot of time left to cycle.
July 10, 2011, 03:46:52 PM
There is 222 total deposited. The operator takes a 3% fee, so after fees there is 216 deposited that can be used to pay people out. Of that, about 213 has been paid out, leaving 2.75 in the pot. Where it seems you're getting confused is the same place someone was earlier in this thread by assuming the game started with the last person that was paid out.
Lets start a fake game with 0% fees.
According to you there is more than enough to pay the next person off, but in reality there is less. This is because when a deposit is paid out, that much comes out PLUS another 20%! In order to get paid out, someone has to add that extra amount. BUT, this extra 20% "debt" keeps adding up as more deposits come in. So even though someone has been paid out, that debt still exists.
In the example given, when the second person deposits their 10 BTC, there is 8 BTC left in the pot, NOT 10BTC. So now someone has to put in 4 BTC just to pay him out. For the third person, there is only 6 BTC left in the pot. Over time that debt gets larger and larger to the point where the later players may not even pay someone out anymore.
Hopefully this clears it up a bit more.
Lets start a fake game with 0% fees.
| Deposit | Paid |
| 10 | 12 |
| 10 | 12 |
| 10 | 12 |
| 2 | 2.4 |
| 2 | 2.4 |
| 2 | 2.4 |
| 2 | 2.4 |
| 2 | |
| 2 | |
| 2 | |
| 2 |
According to you there is more than enough to pay the next person off, but in reality there is less. This is because when a deposit is paid out, that much comes out PLUS another 20%! In order to get paid out, someone has to add that extra amount. BUT, this extra 20% "debt" keeps adding up as more deposits come in. So even though someone has been paid out, that debt still exists.
In the example given, when the second person deposits their 10 BTC, there is 8 BTC left in the pot, NOT 10BTC. So now someone has to put in 4 BTC just to pay him out. For the third person, there is only 6 BTC left in the pot. Over time that debt gets larger and larger to the point where the later players may not even pay someone out anymore.
Hopefully this clears it up a bit more.
July 10, 2011, 03:32:03 PM
I'm still not understanding how the total deposits are at 222 BTC but yet according to your math there is 216 paid when there is clearly more than 6 BTC unpaid. Unless the total paid in your chart = the estimate, after fees.
As such I don't see how the pot is at 2.77 BTC with many people who have desposited into it since the last payout.
As such I don't see how the pot is at 2.77 BTC with many people who have desposited into it since the last payout.
adalov's spreadsheet is not clear enough for you? It's all there in black and white.
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