Forum Home
    • Register
    • Login
    • Search
    • Recent
    • Tags
    • Popular

    \[RIP\] BitGrenade

    Gambling
    16
    113
    35340
    Loading More Posts
    • Oldest to Newest
    • Newest to Oldest
    • Most Votes
    Reply
    • Reply as topic
    Log in to reply
    This topic has been deleted. Only users with topic management privileges can see it.
    • T
      Tuck Fheman last edited by

      Bragging time … Up 177.2 FTC

      1 Reply Last reply Reply Quote 0
      • J
        justabitoftime last edited by

        There’s no slowing down the potato.

        1 Reply Last reply Reply Quote 0
        • 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.

          1 Reply Last reply Reply Quote 0
          • M
            meetrat1 last edited by

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

            1 Reply Last reply Reply Quote 0
            • T
              Tuck Fheman last edited by

              I play daily.

              1 Reply Last reply Reply Quote 0
              • S
                sp495 last edited by

                anyone playing today? currently sitting on 4 grenades!

                1 Reply Last reply Reply Quote 0
                • 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.

                  1 Reply Last reply Reply Quote 0
                  • 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

                    1 Reply Last reply Reply Quote 0
                    • 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!

                      1 Reply Last reply Reply Quote 0
                      • S
                        sp495 last edited by

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

                        found it!

                        1 Reply Last reply Reply Quote 0
                        • 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!

                          1 Reply Last reply Reply Quote 0
                          • 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!

                            1 Reply Last reply Reply Quote 0
                            • 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 :-[

                              1 Reply Last reply Reply Quote 0
                              • 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.

                                1 Reply Last reply Reply Quote 0
                                • 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.

                                  1 Reply Last reply Reply Quote 0
                                  • 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]

                                    1 Reply Last reply Reply Quote 0
                                    • 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:

                                      1 Reply Last reply Reply Quote 0
                                      • D
                                        digichris last edited by

                                        I see, I thought bitpotato paid a flat consolation like bitgrenade…

                                        1 Reply Last reply Reply Quote 0
                                        • M
                                          meetrat1 last edited by

                                          What if there was some sort of jackpot which randomly paid out a certain percentage to a few people when they bought a grenade and the chances to get extra coins increased the higher the price of the grenade got.

                                          1 Reply Last reply Reply Quote 0
                                          • S
                                            sp495 last edited by

                                            [quote name=“meetrat1” post=“14593” timestamp=“1371196469”]
                                            What if there was some sort of jackpot which randomly paid out a certain percentage to a few people when they bought a grenade and the chances to get extra coins increased the higher the price of the grenade got.
                                            [/quote]

                                            I’ve had an idea for a variant game, once I flesh out the details I’ll post to see what the community thinks

                                            1 Reply Last reply Reply Quote 0
                                            • First post
                                              Last post