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    \[RIP\] BitGrenade

    Gambling
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    • S
      sp495 last edited by

      no high rollers to keep it interesting

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      • M
        Magic8Ball Regular Member last edited by

        Finally, in like ages, managed to get in for the thermite grenade. And what happens? My trigger happy left hand hit F5 :(

        Of course - as it always happens - somebody else got in before me after countdown.

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        • J
          justabitoftime last edited by

          I’m back in. :)

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          • T
            Tuck Fheman last edited by

            Bragging time … Up 177.2 FTC

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            • J
              justabitoftime last edited by

              There’s no slowing down the potato.

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              • M
                Markus1337 Regular Member last edited by

                Shame the site is almost dead, thermite didn’t sell at 60. Will look for more sites with the possibility of future ftc support.

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                • M
                  meetrat1 last edited by

                  Well it was fun while it lasted, we should have some sort of event on there though soon.

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                  • T
                    Tuck Fheman last edited by

                    I play daily.

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                    • S
                      sp495 last edited by

                      anyone playing today? currently sitting on 4 grenades!

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                      • K
                        Kevlar Spammer last edited by

                        Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…

                        This game could be SO much better…

                        Here’s my thoughts.

                        1. Higher interest. Like 100%. The website owner can make his profit when they go boom.
                        2. Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
                        3. Chat box.
                        4. Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.

                        From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.

                        In the meantime I’ve created #bitgrenade on freenode to serve as the chat box. Come join me there.

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                        • S
                          sp495 last edited by

                          [quote name=“Kevlar” post=“13842” timestamp=“1371072629”]
                          Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…

                          This game could be SO much better…

                          Here’s my thoughts.

                          1. Higher interest. Like 100%. The website owner can make his profit when they go boom.
                          2. Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
                          3. Chat box.
                          4. Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.

                          From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.
                          [/quote]

                          there’s a thread on bitcoin talk where the creator (vipah, or something along those lines) actually goes through the math because one player got all pissy they lost their FTC. He does a comparison with other hotpotato/bitgrenade games - haven’t gone through the math in detail but it looks sound

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                          • M
                            Markus1337 Regular Member last edited by

                            [quote name=“sp495” post=“13844” timestamp=“1371072847”]
                            [quote author=Kevlar link=topic=1282.msg13842#msg13842 date=1371072629]
                            Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…

                            This game could be SO much better…

                            Here’s my thoughts.

                            1. Higher interest. Like 100%. The website owner can make his profit when they go boom.
                            2. Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
                            3. Chat box.
                            4. Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.

                            From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.
                            [/quote]

                            there’s a thread on bitcoin talk where the creator (vipah, or something along those lines) actually goes through the math because one player got all pissy they lost their FTC. He does a comparison with other hotpotato/bitgrenade games - haven’t gone through the math in detail but it looks sound
                            [/quote] is there a chance you could find the thread and link here? Thaaanks!

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                            • S
                              sp495 last edited by

                              https://bitcointalk.org/index.php?topic=216499.0

                              found it!

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                              • M
                                Markus1337 Regular Member last edited by

                                [quote name=“sp495” post=“13866” timestamp=“1371076416”]
                                https://bitcointalk.org/index.php?topic=216499.0

                                found it!
                                [/quote] nice arguments, thanks for sharing!

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                                • T
                                  Tuck Fheman last edited by

                                  [b]Balance: 190.9 FTC[/b]
                                  Transactions in: 67
                                  Received: 1915.62 FTC
                                  Transactions out: 56
                                  Sent: 1724.72 FTC

                                  MathGrenade!

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                                  • S
                                    sp495 last edited by

                                    Cheap grenades just waiting to be bought. When someone else starts playing I’ll join back in, right now it looks like no one can play :-[

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                                    • F
                                      Fernandez last edited by

                                      Jump on my hand grenade please!! Only 34 FTCs.

                                      Though as the game is going thats probably 34 FTCs being thrown away.

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                                      • D
                                        digichris last edited by

                                        [quote name=“iawgoM” post=“13992” timestamp=“1371104697”]
                                        Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
                                        [/quote]

                                        bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.

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                                        • M
                                          Markus1337 Regular Member last edited by

                                          [quote name=“digichris” post=“14250” timestamp=“1371145528”]
                                          [quote author=iawgoM link=topic=1282.msg13992#msg13992 date=1371104697]
                                          Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
                                          [/quote]

                                          bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.
                                          [/quote]

                                          If you read what sp495 linked on here then you would know the truth, a quick summery:

                                          [quote]Thermite Grenade 2x Multi and 45% interest.

                                          Price Purchaser Profit Site Proft
                                          5
                                          10 4.5 .5
                                          20 9 1
                                          40 18 2
                                          80 36 4
                                          160 72 8
                                          320 144 16
                                          640 288 32
                                          1280 576 64
                                          2560 1152 128
                                          EXPLODES


                                          Total site profit: 255.5
                                          Consolation of 5% of purchase price: 2560 * 0.05 = 128

                                          Actual site profit: 255.5 - 128 = 127.5

                                          Meanwhile sites like BitPotatoe give you 45-50% of “When the timer expires the last owner recieves a percent of all the round’s profits”

                                          Which in this case would be 50% of 255.5 OR 127.75 .

                                          In other words…the same.[/quote]

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                                          • S
                                            sp495 last edited by

                                            [quote name=“Markus1337” post=“14265” timestamp=“1371147261”]
                                            [quote author=digichris link=topic=1282.msg14250#msg14250 date=1371145528]
                                            [quote author=iawgoM link=topic=1282.msg13992#msg13992 date=1371104697]
                                            Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
                                            [/quote]

                                            bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.
                                            [/quote]

                                            If you read what sp495 linked on here then you would know the truth, a quick summery:

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