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    \[RIP\] BitGrenade

    Gambling
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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:

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

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

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                                      • 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.

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                                        • 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

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                                          • K
                                            Kevlar Spammer last edited by

                                            …annnnnd it’s done! Goodbye, bitgrenade.net.

                                            Thanks for the many memories, some of them fond, but really you won’t be missed.

                                            Good bye and good riddance.

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