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.
    • 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
                              • 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.

                                1 Reply Last reply Reply Quote 0
                                • 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. ;)

                                  1 Reply Last reply Reply Quote 0
                                  • M
                                    Markus1337 Regular Member last edited by

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

                                    1 Reply Last reply Reply Quote 0
                                    • K
                                      Kevlar Spammer last edited by

                                      [quote name=“Markus1337” post=“15046” timestamp=“1371244017”]
                                      Shame about the site though, oh well, was good fun 8)
                                      [/quote]

                                      Onward and upward my friend. If they want to innovate, they’ve got a built in user base that I’m sure would be interested in playing again.

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

                                        I made one last buy as a farewell under the name “BitGrenade”. So, the result (if no one buys) should be fitting in 8 hours.

                                        Sad. Was fun.

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