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    \[RIP\] BitGrenade

    Gambling
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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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                                • 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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                                        • D
                                          digichris last edited by

                                          [quote name=“Kevlar” post=“14943” timestamp=“1371235914”]
                                          …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.
                                          [/quote]

                                          A fitting eulogy. We’ll never forget, but tears will not be shed. ;)

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                                          • M
                                            Markus1337 Regular Member last edited by

                                            Shame about the site though, oh well, was good fun 8)

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