Bitcoin Forum

So we have just opened the investment section in our casino and you can now invest with 0% fees meaning that if you buy a 100% of the casino you will actually receive all the profit it generates.

Currently there haven't been that many people investing so it's an opportunity I'm throwing out there before it's gone.
*results differ

If you guys got any questions I am always here.

So you're telling me that there is no risk involved and I'll double my investment in a week?

If you agree on an escrow, I'll invest. If you pay me twice my investment in a week, the escrow can forward my coins to you.

This would defeat the purpose of you buying into the bankroll and would thus render me not owing you squat.

If you do not want to buy in there are plenty of other people who are willing.

I've been watching. So far, you've told potential investors there's no risk, some risk, they'll double their BTC in a week, but that results will differ. So...

Where have I said that there is some risk? They certainly can double their BTC in a week if they invest early enough.

The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised. Thank you for your input and your support.

You can email us at support@casinobit.net for any suggestions.

No investment is risk free.

1. You cannot guarantuee that your site will 100% of the time make profit (also when I invest 1000 BTC, I don't think you can double them in a week).
2. It has risk, as pointed out in 1.
3. If the site gets hacked the investor loses his money? Wow. You should be liable for losing your investors money.
4. Wow, we can invest with 0% fee's. Oh wait, investing with anything else than 0% fee's makes no sense at all either. Why would I pay money to lend you money?

1. I cannot guarantee that every investment will make profit within a given time frame, it will however make a profit in the long run and I can guarantee it because of the house edge.
2. The only risk is the website getting sabotaged, or rather you giving away your private key for which I am not liable, the website itself cannot get sabotaged.
3. First of all the site cannot get hacked, secondly if mt.gox "gets hacked" or any other website you wouldn't get anything back either, most websites simply cannot afford it, at least not before higher fees are there.
4. ???, Just-dice charges what? 10%? and that's on their 1% house edge, here you get 0% on 2.7% house edge, it does make sense to charge you while you are making profit.

what is the total of your last week total bets.

You can check in "History" at the top right corner, transparency is key.

okay, just one thing. the LIMIT of the query system is quite small. and the input would be better seperated by DATE | TIME , in which 24:00 would better showed as 0:00

And the SUM(amount) is not corresponed to the LIMIT data above

Bet amount: 1052.772
Won: 1061.222

Lets see how this goes, put in a small amount to test with.

Phil

The coins would be put into a safe place so I cannot scam you. I mean, you're promising an 100% per week interest, so you have to admit that people might rise an eyebrow.

If your website gets hacked, it's your loss. Investors entrust you with their money so you are responsible for it. You cannot just walk away as if nothing happened if your site gets compromised. Imagine your bank gets robbed and the bank just deducts the stolen amount from your account. It has happened before: someone gets "hacked" and all coins are "gone". I'm not saying that's your plan or anything, just pointing it out.

Someone doesn't know how banks work, most western banks have a razor blade thin safety margin, if their investments plummet in worth you will be left with bits of useless information in their system, and no, your horribly indebted government will not bail them out, it is safe to assume that the same thing would happen if they got "hacked" or even robbed.

I do not "promise" 100% per week interest, it certainly can happen if you invest the right amount at the right time but it isn't guaranteed, a whale could get lucky and win 36BTC 6 times in a row and push everyone into negative interest, it is however highly unlikely.

If you cannot afford the minuscule, almost-non-existent risk of the website getting compromised then you are free not to invest, if you ask me the risk is worth the profit at this point.

Well, I invested a little :)

I tested this out on FF and IE, and on both, the buttons all move when clicked and I can't really tell if they are doing anything.  Also, the wording under the buttons is cut off and moves when a button is clicked.  With FF, I tried to withdraw on a second account (one I made for testing) and on FF it didn't seem to do anything, and in IE, some line moved and now it shows zero balance.  I'll PM you about this with the account info.  I forgot which address I entered for withdrawing. 

Tried it out with chrome, everything looks like it should.  Placed a .01 bet after depositing, seems to work fine on chrome.  I may try it out on an iPad later and report back (I dislike iThings so we'll see).

So, in summary;
-It looks like you have a couple CSS issues, for FF and IE at least.
-I didn't see a confirmation of successful withdraw, just zeroed the balance.  I think a confirmation would be nice, especially if people are waiting on their deposits to confirm.  No biggie though.


Everything looks pretty good otherwise, few smaller suggestions:
a board on one side of the page showing last 20 bets and win/lose would be cool.
I'd like to see what withdraw address I entered, and maybe even be able to change it.

Allowing users to change the withdrawal address or even displaying it is a serious security flaw so please don't forget which withdrawal address you have used.

K, works nicely. Put in about 1.5 BTC yesterday, and today withdrew 2.88. Not bad for about 20 hours.

The one thing I would have preferred is that I could enter a custom amount to withdraw.

Also when investing, would be nice to have the invest section of the page update automatically.

K, another issue. I withdrew mu funds and still after about 1.5 hours, it has 0 confirmations. Did it get sent out with out any fee applied? [edit] Yes it turned up, slow, but did turn up.

Phil

Something weird happened. I invested 6 BTC (6.7% of the bankroll of ~89.5BTC).

Suddenly my investment dropped to 5.26 BTC (site still says I have 6.7% of the bankroll of ~89.5BTC).

So without any big bets and only 6.7% of bankroll, my investment dropped SIGNIFICANTLY, while the entire sites bankroll stayed at ~89.5BTC the entire time. (it did not drop at all)

How the f is this possible?

EDIT: For my bankroll to drop those .75 BTC with 6.7% of the bankroll, someone needs to win >11BTC. Which did not happen according to the logs.

vlee: i what i have observed, this site doesnt auto-reinvest like JD does. Do if you have loss, unless you divest and invest, your loss rate will still be at your deposit level %. Vice versa for invest, inwhich you need to reinvest to earn more

After I invested my investment said I had 6.04 invested (+0.04 profit) for a short time. So...

Hey send me 50btc, I'll send back 100 btc, trust me.

That is becoz someone bet on Red/Black for 2BTC and won
I tossed 3.5BTC in it, reinvested.

In the meantime I am down >1BTC which corresponds to about 15 BTC paid out, which at bets of 2BTC means about 8 x2 multiplier 2BTC bets won by a player (and no losses for players).
I can't seem to find these bets in the history.

http://gyazo.com/0a163a901670efbf2a3d1eb972ebd532

https://www.casinobit.net/history.php?trans=8cf0c3cf-04ea-11e3-a270-e840f2d1c9bf
https://www.casinobit.net/history.php?trans=01243c62-04ea-11e3-a270-e840f2d1c9bf
https://www.casinobit.net/history.php?trans=8f4a2ed6-04e8-11e3-a270-e840f2d1c9bf
https://www.casinobit.net/history.php?trans=d725d958-04e7-11e3-a270-e840f2d1c9bf
https://www.casinobit.net/history.php?trans=34b6fcfc-04e5-11e3-a270-e840f2d1c9bf
https://www.casinobit.net/history.php?trans=de442751-04e2-11e3-a270-e840f2d1c9bf

4*6.64%=0.28 per R\B WIN @ 2BTC bet
EDIT 1
PS:Your site is running slow with ~5 10 seconds delay on avg query. i dont know if it was me or everyone
EDIT2:
and whats the matter with you with the creepy song when your page loads with error
EDIT3:
Godfather from Youtube

Ok, but why wasn't there a drop in the amount invested as well? It stayed around 89.5 the entire time.

No auto-reinvesting. Simple answer as mention above

I suppose that's true.  I usually keep a note I just forgot to save when I restarted.  My wallets sync to one client, so knowing the address just helps so I can look it up on the blockchain.  There is about 8 possibilities for what address I entered,  but none have received 0.58 BTC yet.  Hopefully you get back to my PM soon.



Well, that's the bankroll, not the amount invested.  If someone were to lose at the same time an investor withdrew the same amount, the bankroll would stay the same but the % of each investment would go up a little. 

So does this mean the title is simply click-bait?

Haters gonna hate  ;)

another downtime... I dont want to hate anything but the stability of your site is.....
This time your response is faster :)


PS: if you want less hater, consider changing your thread's title. It looks too scammmy for people who dont read the content except the title

Suggestion on adding a volume button on the streamed video. 5% volume is sneaky

How is it scammy if we have real people that invested and withdrew twice the amount? Thanks for the suggestions!

Just the title. Trollers dont read the content.

You've done this right
http://keystrokesandwordcounts.files.wordpress.com/2012/05/please-dont-feed-the-trolls.jpg

But then again, trollers don't have BTC either.

Thats why they troll replies instead of asking why and //how it works (most probaably they never met Just Die.. Dice*)

Thanks for fixing my little mistake casinobit :)

-001sonkit I totally agree on the volume, almost disabled flash while watching the table play; Irish accents weren't mixing will with Zeplin.

Let the haters hate, I'm almost 1/2 way to the claim in the title and it's only been 30 some hours.

jwplayer('mediaspace').setVolume(0) <--- no sound

jwplayer('mediaspace').setVolume(100)<-- Full sound

do it in console or type  javascript: and paste that script on URL

Can you explain the lack of autoreinvestment? What timeframe do investments last for after which we need to divest and reinvest?

Over night, did not do to well. Currently breaking even. Where as the previous night, I had made 1.3BTC on a 1.5BTC investment. So nice return.

Phil

Yep, definitely more volatility than just-dice. Big opportunity for big wins or losses.

Well that works, thanks. 

really bad & unprofessional website design, would not risk investing anything.

LOL, give me one design of a bitcoin casino which is better! Don't want to start pointing fingers but most (even non-BTC ones) look like utter crap.

Are you the guy who wrote the "guide" about HYIP investing that mentioned things like design, ddos protection, ssl, custom script as the main positives to decide which HYIP to invest in?

For anyone curious, my investment was officially doubled about 68 hours after initially depositing.  I've withdrawn what I originally put in -.08 BTC and my investment is now funded by almost 100% earnings.   My risk factor is effectively zero at this point. 

Yep, I did the same, once I had my money back, removed the original + a small bit, and now earning pure profits hopefully.

Phil

Someone just boosted the bank nicely.

Site is down...

Looks like it yes

Back up for me.

Hope they leave I'm alive so he can reboot the server...

I'm having problems withdrawing my funds. The divesting worked well enugh, moving the balance back to my account, but I can't get them out from there. I've pressed the Withdraw button many times, and there is a little progress graphic that shows up, but I'm seeing no transaction in my wallet, and funds still appear to be in my account.

Also, my balance shows up in the bottom left of Firefox but not Chrome.

What is your wallet... they confirm things like in 10 decades

I think I get what you're saying, but not really.  You mean some wallets or all? 
What wallet do you use?  I've been experimenting with electrum but I'm done with it.  1.5 hours and transaction I sent still not in blockchain.info or blockexplorer.  Ever since it got stock on that block on sunday its been garbage for me.

Wallet is a blockchain.info wallet. I PMed Casinobit and he said their hot wallet was exhausted and that he'll send me the BTC soon.

How many confirmation you have on the latest transaction to CB

CasinoBit owner: Do you mean this


Actually MtGox or BTCT is just 3 or 6 conf... really 25? or you just mean 2

25conf=> 4 hrs


By the way, one of my Chinese mate says that the red word on the red background is quite hard to read


More rounding issues, can you just stop rounding things up?!


Watching a Chinese guy losing his chips and speaking foul language (in Cantonese), lol

http://gyazo.com/3cbb977fe13f6e70b24dbc81afcf0c9b

More ridiculous , -3/25


Withdrawl=> 6
 Invest => 25!?!?!

If you are trying to invest with unconfirmed BTC that message will appear, yes it's currently set to 25BTC, overkill? Perhaps, but it's better to be safe than sorry! Since the maximum bet is directly influenced by the BTC in the system it would be a serious problem if someone invested a significant sum and it would never confirm.

Error code -3 should never happen, it only occurs if you try to withdraw less than 0.01BTC which is not allowed.

My withdrawal just came through, still unconfirmed but got recognized by blockchain.info.

You really need to check your PM right now

Checked, this link is not infected

http://www.reddit.com/r/Bitcoin/comments/1946jp/


Double spending risk... really 25 ... = =

Ok, good, I think I posted that when you were reading it. 

Had this too, then i noticed upon having the button clicked (not released the click yet!) the button moved down under the roulette table and just a few pixels were visible. Went down to those pixels and released click, tadaaa, withdrawing...

Why pay out with 0 fee's.

My withdrawal request is still not confirmed after 6-7 hours because of this...

Mine yesterday

http://blockchain.info/tx/88ab7a88a533bfd080236c18d90c854d1bfed5ad35f95328010298704832c2f5

+456minutes

Weird, I was sure all the withdrawals are set at a 0.005 fee. I will look into it, thanks for bringing it up.

Why dont you just pay 0.0001 for the network minimum :P

Will you consider making your system auto-reinvest profit and loss (just combine the profit and the base), so your site's bankroll looks larger.

Also the "table max" in the roulette table canvas says it is 7.04 instaead of 10.

someone bets 4BTC on red/black and it rolls Zero lol - -

We are already on it, imposing a divest time limit also seems like a logical step, say 10 minutes.

Divest timelimit-> no frequent divestment to ping the system?

PS: Please, decimal places, we need to be accurate. You've done the first step in "total" now make profit the same... (Rounding issue still at Invest slider)

The thread title is a complete lie!

I tripled my investment in only a few hours! Liars!

You should thanks that 2BTC whale playing

I think the house is way over EV since I'm watching 12 hours ago.

Ive made around 20BTC over the last 3 days with the site (from an initial 1.5BTC test). Just took out my profits, will put 5 back in. Don't like having too much invested in 1 site.

Phil

Actually could you add inputs.io as a way to deposit and withdraw?

Phil

Promise of high yields + promise of no risk = (likely) PONZI

Investor beware... ::)

Yeah, it is obvious that this might be a scam/ponzi. I already cashed out 2/3 of my balance on the site so in case the site would now *suddenly* close down, I still made 100% profit.
So it's either 100% profit or even more.

Also most Ponzi's don't double your BTC in such a short time. It would collapse too soon.

Usually ponzi scheme have shady revenue stream. In this case the source of revenue is clear and easy to verify (unless the bet are fake). Actually this is high/risk high/reward because the risk of ruin is insane. 1 winning bet can wipe the entire site bankroll and even more. Both investors and players are gambling. Just-Dice seem like a super safe investment compared to this.

i like the idea of the site, but "1/25 confirmations, please wait for all the confirmation in order to invest." 25 confirmations  :o a bit too much imo.

What's with the 25 confirmation, and everyone doubling or more their money?  Did this site change ownership recently?  It's not out of the question for account to be sold with webpage.  Kind of reminds me of that mining united  now, but let's see what happens.  Maybe just trying to strongly discourage divesting.

That wouldn't make sense though since you can divest and not wait for 25 confirmations.



There is NO promise of high return, the lucky ones that cashed in early have got what they deserve now it's up to the speculators to catch up, chances are we'll end up with similar returns to just-dice.

@casinobit: maybe i overlooked it in this thread.

but could you please drop a line about this 25 confirmations before invest? just curious why 25?

FWIW, I also doubled my 3BTC in less than 24 hours, then withdrew my balance and invested another 3, so I'm invested with house money at the moment.

Obviously.  Consider that if they divest it's commonly to withdraw.  

So if I invest 1BTC there is zero chance I could lose it???!?!?!  For a casino operator you have a poor understanding of chance.

Originally invested 0.42BTC, withdrew 1.1BTC in about 36 hours. Currently, re-investing 0.49BTC. We'll see how it goes, wish me luck!  ;D

Started off with 2 and now at 10. Not too shabby!  Kisses

A user in CoinChat, lordsonkit, is claiming that the investments aren't working the way we would expect, and that rather than show profits as a percentage growth based on gambling, the profits are being shown as a percentage growth of the roll based on new investors. Casinobit, can you check the algorithm and confirm or deny this? When I've looked at the order history it seems like there is plenty of BTC being lost (especially by that 2 BTC whale), but it's hard to read so I'm not super confident at what I'm looking at.

All i can say to CasioBit owner is you better check your code on how the investment thing works, a pretty big flaw

No, the profit is being calculated as (Total Bets - Winnings)*Respective Percentage Bought, if you buy 90% it means that you begin receiving 90% from the new bankroll, you do not receive 90% in the past.

Was a good night. Left it with 5 in yesterday after noon. Get up and see it at 13.88BTC. Just withdrew another 8.88BTC, leaving the original 5 to earn more.

But with investments now at 500BTC, I have dropped from 5-10% to 1% in the last 24 hours.

Phil

So you have what? Tripled your BTC now in less than a week? Going for the 400%?

This is disgusting.

People may as well start DOX'ing early. There's going to be tears very soon.

Great, hope you wont go for 0% after i have identified and publicized the issue.

I will publish the full issue in 2 6 (more time for you) hours from now and hope there is enough time for CasioBit to find out the issue, debug it and tell what you have done wrong. Other wise... you are gonna have a bad time

For a cheap price of.... you can...

I have told you already that I acknowledge the issue of the rounding down beyond 2 decimal numbers, it is done on purpose, I could change it within a couple of seconds, it isn't a bug nor some critical error that I would hide from my customers.

implying this thread is not full of shills/bought accounts with fake profit claims

Implying this thread is not full of proven shills that work for other casinos that try to discredit us while doing DDoS and demanding ransom.

All the profit claims are legit, ask any one of the accounts that made profit to post txids, I am sure they won't mind.

Not the decimal issue

https://i.chzbgr.com/maxW500/7744327680/hDE1D7595/
I am certain that I've heard about this "bug" already.

CasinoBit, would you like to bet 20 BTC 1:1 that your site will still exist and operate without scamming in 1 month's time?

You'll double it if your site does not turn out to scam.

At least I can tell that I got my initial investment back and confirmed.

https://i.imgur.com/DgFFn4H.jpg


Fits well anywhere
http://i.qkme.me/3t4ud2.jpg

Casper from Hongkong probably probably bought them. Similar account was used in another scam:

https://bitcointalk.org/index.php?topic=148086.0;wap

https://bitcointalk.org/index.php?topic=262566.0

Seldom that a scammer will report scams

PS: i paid those guys last time

@ CasinoBit - Is there a list of the bet profits/losses (rather than viewing one at once) to check whether the house profits from them matches the returns to the investors?

@ those claiming scam, ponzi, etc. - I'm not saying you're wrong, but do you have any good evidence besides the frequently high returns?

I will not be betting otherwise.

Did you buy vccdragon@hotmail.com as well? Used for the scam I referred to.

The casino was founded before Satoshidice, we were one of the earliest Bitcoin casinos, if you have a bug you can report it privately and I will address it. Otherwise please stop the FUD.

My withdrawal isn't confirming!!!

https://blockchain.info/tx/429100069b4bf9d68095eae9bbfdcec04e9cc266b02dc1bb60206ab3773188bd

I guess the site is now under DDOS?

You sure? SatoshiDICE is just a rebrand of BitCasino.

http://1209k.com/bitcasino/

from where they bring evidence that they are fair and doing double

I definitely remember Strike Sapphire existing back then, haven't really heard of BitCasino, when you google Bitcoin casino back at the day you didn't really find anything, it was still a "new" idea.

Oh is the 0 fee issue your critical bug? No need to neg rep, paid out to dozens of people.

Nope

Still not Confirming

o.0

Y NO TRANSACTION FEES?!

Be patient, it took me half day last time, and it is 6BTC. compared to your little amt...

I accidentally pulled all of it out.  need it to confirm so I can send it back :(  Then I gotta wait 4 bloody hours for the input to confirm

o.0

 ??? ??? ??? ;D ;D ;D

Some people asking for txid's of payouts.
The larger of these two transactions: check the second output address that got 69 BTC. That contains many other pay-out transactions this site makes.

http://blockchain.info/tx/ded1524bcb4201a0ccd170d3f350c7e0804f2c07fd6f5a03a07ef0a2bf6e9411
http://blockchain.info/tx/cbc7124c7fa997304d0f7f7f6310f56cd3a8bd87aa37ebfb63ba118f0b740c6a

Here is one of my withdrawals

https://blockchain.info/tx/6fdc55510b2b075a6fd127809184291fe95b64f78e73825ac3904f5c22c3fbe4 (https://blockchain.info/tx/6fdc55510b2b075a6fd127809184291fe95b64f78e73825ac3904f5c22c3fbe4)

It was recieved within minutes.

Phil

Got initial investment back +50%. Will leave the rest of my profit on the site and see what happen.

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

Meanwhile, I've contacted some investors of CasinoBit, just to confirm that not only I am getting some off the EV amount profit.
For example for vlee who have deposited 6BTC, he went up to 26BTC in one day while only 40BTC was won in since the day he started the investment
Another guy I have met on Just-dice, who have invested a similar amount also found surprised about the off the EV value he is getting and would like me to investigate with him. (I referred him about this CasinoBit investment thing)

A few hours ago this day, after getting the data and realized that CasinoBit is having a weird calculation. And I have been observing the invested amount quite often since the first day i deposited into CasinoBit. I've observed that the profit amount sometimes changes even there is no games sealed in the roulette table. As a consequence I have conducted an experiment with the mate i met in Just-Dice.

The following is the procedure to proof that CasinoBit is an HYIP scheme (aka. Ponzi)
First we've confirmed the balance in both of our invested account. In my account, there was 7.98BTC, and in my mate account, there was 30.4BTC, in which is 7.28% of the house at that moment.
The second step is divesting, I've divested my account fund and requested him to reload his invested page, now his balance is only about 29.82. From the calculation of 7.98*7.28%=0.58, we can now know that CasinoBit investment system's Invest and Divest action is directly related to the profit everyone is getting.

To conclude, we can see that CasinoBit's current alglorithm is including investment as a PROFIT, in another words. When some other people is investing, you will result in profit, vice versa for a divest, you will result in a loss

If you have doubts on my words and experiment, please consider find someone else who haven't divest and test this out. With the current situation, in which the invested amount is relative to the profit amount, we can now define this is an HYIP + Casino investment, a.k.a: Ponzi

And by the way
You got it right actually!

First to finish reading the message and press the divest button to withdrawl, you will be the winner :)
Who doesn't like meme anyway
https://i.imgur.com/TONmixU.jpg

He bought ACCs for free ripples. This is completely off topic to casinobit.

Because i have cashed the XRP out of those accounts.

BTW, you have a fast reading speed. Consider joining a contest?

seems like a catastrophic coding oversight to consider further investments as 'house profit' and credit existing investments.  It's now simply a race to see who withdraws their BTC first.

Will

The coding is excellent, we are currently under constant DDoS attacks and have already been asked for ransom in the past, you can check the history of this account.

After the scare we've lost ~100BTC and immediately got an investment for 200BTC from a single user, you can divest if you like, we don't really have any moral obligations to pay the people that really deserve the investments.

I think the analysis above, and just basic math, seems to indicate otherwise.  Notice I am being kind by choosing to apply Hanlon's razor; others might not be so generous.  I wish you all the best at resolving your DDoS.

Will

Respected member in PM:


DDoS does not cause this, shoddy coding does.

A simple way to quell the fears that people appear to have is to publish two things:

1) an anonymised list of investors and invested amounts (so people can check how much is invested)
2) the cold wallet address (so people can check you still control all invested coins)

I think with those two things people are able to satisfy themselves that everything is as it appears, and that there's nothing "ponzi-ish" going on.

A clear statement as to whether you consider new investment as profit for old investors would also help a lot, I'm sure.  Is it possible for an investor to make a profit on his investment if there are never any bets placed?  Some people seem to be saying it is.

I will check if I can do the above but it's quite ironic coming from you dooglus, especially since you have denied showing any proof of any bets whatsoever all while claiming that you do not want to sacrifice the privacy of your customers.

Just to clear everything up, here's a bit fat NO, you will never receive a cent should we stop receiving bets, you are paid from the house edge not from other investments.

Whoa! thats a lot of work for you to run that DB on the site out (PS:This is the DDos attack? CB owner i guess i shall be laughing)

TF: the Win he says is what he sent out, not really a win, Just like the win in the mind of DevinTheDev, it doesnt count it the wager. Plus he got on-site betting right??

Everybody get your coins out...while you still can!

You have obtained a list of BTC bet on-the-chain, you can also create an account, deposit BTC and bet off the chain faster (it's instant).

The only thing you've proved is that you posses little to no reading abilities.

And no, your little script is not the DDOS.


Only two things are infinite....

Not sure how you got this PM but the 85BTC is profit left on the site after withdrawal.

I stand corrected and apologize for my previous post. If I was able to access your website non-sporadically, I'd have checked if bets could be made on-chain.

geez, TradeFortress + his shill puppets is almost as bad as this site

For reference :)

https://bitcointalk.org/index.php?topic=258206.msg2753141#msg2753141

Well folks - I thought I'd investigate whether this site is for real or not as there's too much risk of sock-puppetry going on here.

I've put in 1BTC and now have 3.6BTC.

I've put in a withdrawal attempt for 1BTC but the site is down due to the DDoS so I've emailed CasinoBit to make sure my transactions are executed (I'm away for a few days).

When I get back I'll let you all know if the withdrawal was successful.

Here are the txid's of my four Casinobit transactions, two deposits and two withdrawals.

https://blockchain.info/tx/3ae3615cb1b12cc7dabb912ae25db713778adb2d39837ade8a7e04732dd7d410
https://blockchain.info/tx/58a30817dbd318f4dd8a76eee31c3c207355796b7b10d20024244ec085e4c724
https://blockchain.info/tx/33815ddb64ffab5b220195e80a8130c17927cd644fb81694576fe9d08b5bc16c
https://blockchain.info/tx/1ef4a60ec4cb06541ec4b127d9437bcac69ec3351261b15a893d6db76882fce8

Tradefortress, you can verify based on my inputs.io account that the withdrawal address is the same address that I sent money into inputs from (and then transferred over to Coinlenders).

As all of you can see, I sent in 3 BTC, pulled out 6.11 BTC, sent in 3 BTC, pulled out 3.76 BTC. I still have 5.29 BTC sitting in Casinobit as well.

I have been extremely open about all of my activity since joining this forum a month and a half ago, through the good and the bad. Call me stupid or too trusting or whatever, but I really don't appreciate having my integrity called into question (i.e. being called a shill).

Thanks.

This extremely high rate of profit for investors when compared to JustDice is extremely suspicious.   

JustDice which should have a lot lower variance due to more volume - even loses money sometimes.  This site should be losing money regularly.  JustDice rarely returns 5%-10% per month.

In this case house edge is almost 3X JD and the house could get wiped out on 1 winning bet unlike JD that never risk more than 1%.
Higher risk with less investors = higher reward.

Also of note, profitability is dropping FAST. It's still outpacing JD by quite a bit, but when I first put in coins a couple days ago after seeing this thread the total site bankroll was <100, now it's >700. Partially to be expected as the house returns pile up and grow the roll (though much of these profits have been withdrawn), but there is also clearly a lot of dilution going on.

I tripled my original investment of 0.42 BTC within the last few days, withdrew it and have re-invested a small sum to hopefully continue profiting!  :P

Has anyone lost money yet?  If not, then why not?

I have lost a couple.

As the owner stated this isn't risk free.

Lost 1BTC betting on the 0 when trying to figure how to cashout.  ::)

Down a little bit today from my high, like 0.02 BTC on 5.33. If the bets are generally small, one shouldn't see downward trends very often, law of large numbers and stuff...

Well you shouldn't be seeing 100% profits if you aren't seeing 100% losses.

The fact that this subject is also "double your BTC in a week" is very suspicious.

It could be that they've set it up so you can risk most of the pool in a single bet, but in that case we should regularly see the entire betting pool disappear  - is that happening?


Note: I'm not an investor or user of this or any other gambling website - so my interest here is purely scam detection.

My first investment was up to 1.28 BTC, but someone made a big win shortly after that and I ended up withdrawing 1.1 BTC.

(neither of you hyphenate "risk-free"?)

I was trying to help you out with my post, not trying to attack you.  I provided a way you can prove that your operation is legit.  It also happens to be the way that Just-Dice uses but that's not relevant, other than as a demonstration that it's possible.

I was talking about how to demonstrate that you're not running a ponzi scheme.  That's nothing to do with "proof of bets".

Incidentally, I'm not sure how to prove whether bets are "real" or not.  All 75 million bets on Just-Dice could have been placed by myself I guess.  How could I prove otherwise?  And who cares anyway, so long as I'm paying out investors their fair share of my losses?

He forgot to mention that you could've lost the whole bankroll.  As far as the site compromised, could we hope that the website is more secure than it is reliable.

Look at max bet (10.5BTC) on max odds (35:1) vs available bankroll (608BTC) there is your answer.

No it's not risk free. Manage your bankroll accordingly.


EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.

FYI: https://bitcointalk.org/index.php?topic=87656.msg1145478#msg1145478 (https://bitcointalk.org/index.php?topic=87656.msg1145478#msg1145478)

This is why if a casino don't manage the bankroll responsibly you need to do it yourself. Don't go all-in and get ready to reload.

It's probably worth pointing out that bitzino's calculations were based on a fixed max bet.  If the house adjusts its max bet dynamically to be a fixed percentage of the current bankroll then it doesn't need nearly as much.

Don't forget that a website owner can always blame a hack for everything. It has happened before that an admin said they got hacked just to run away with the coins.
So when reading "if the website is compromised" I always add "or we just steal them from you" in my mind.
Of course I'm not implying that this could happen here.

Surely you're saying the implication is it COULD happen and not WILL happen.

well after 4 days of profits each night. last night resulted in a slight loss. So, we will see how things go next.

Phil

In dubio pro reo.

Now things seem to have broken on the site. Again break even over night, but now can't withdraw any money.



Phil

Site seem on perpetual DDOS.

Falls into the category of counterparty risk.  Something to think about when dealing in Bitcoin.

Update on withdrawal. Was able to make one just now. So down to a limited investment now. But it is still pure profit.

Phil

Getting all sorts of errors and now even a 403 Forbidden on the website.  ::)

EDIT: Oh... so moving to a new server. Okay then...?

I've been trying to withdraw 30 BTC for 2 daysw now.  Was told earlier that they would look into it.  Sites down and getting  403 forbidden.  Not looking so good.

We have moved to the new servers everyone, the website should experience virtually no downtime from now on, about 1 hour left until all the checks are performed and invest/login/bet features are turned on again.

We will then get to debunking ponzi claims by the competitors and assisting customers in withdrawals.

Thank you for your patience.

I don't know if that was aimed at me, but I've made no claim that you're a ponzi.  Quite the opposite, I've offered advice on how to prove that you're not.

I was always curious, is your website shared or dedicated hosting?

Thanks for the update. Was going to PM you about the Invest link not working, but I'll be patient :).

It is hosted on an Amazon AWS instance.

I wonder why you're changing the subject again.

Not changing the subject, just find it quite funny that you believe that I should take security advice from someone who hosts on an unsecure shared hosting with a domain registered on Namecheap and take GUI advice from someone who uses Javascript alert as a part of the interface, not to mention the PHP advice from a 17 year old kid.

In any case, thanks for your suggestions, all I know is that you will never find me hatin' in competing casinos threads.

All the best.

I've not offered security advice.  I offered advice on how to prove that you're not running a ponzi scheme.

I don't use Javascript alerts anywhere on Just-Dice.

I don't use PHP anywhere on Just-Dice.

I'm not 17.

In short I'm not sure what you're talking about, or why you keep making statements that have no basis in fact.

Any idea when the invest link will be live again?

Stop lying. I know you are a 13 year old kid running a shitty dice website with NodePHP using ECMAScript 1!

Let me spell it out for you:

dooglus
Bit777
001sonkit

Not sure why it's taking so long but I guess it might have something to do with the massive losses it was showing after there was a brief moment of access a few hours ago.

My page was showing a 37% loss since closing and that brief moment of access.

Also, the huge problem with using JS on the UI is there's no indication if the link is working again or if you need to click the link again but seeing as the page is a toggle, have I now closed the page? The only way to be sure is to reload the page, causing much more server load.

We are up. Investing now works with 4 decimals instead of 2.

The best time to invest ATM, the total invested sum is relatively low.

Hi,

My withdraw is not working. Could you please check your PM?

Sure thing, we check our message/emails regularly, problem is we get many many PMs (especially since the server downtime), so we put new requests at the end of the queue.

[/quote]
My page was showing a 37% loss since closing and that brief moment of access.
[/quote]

I'm also showing a loss not as high tho but over just over 10%

My page was showing a 37% loss since closing and that brief moment of access.
[/quote]

I'm also showing a loss not as high tho but over just over 10%
[/quote]

Mine is back to around 10% too.

No idea how to explain it.

Any idea when the withdraw feature will work?  Haven't been able to use it for 2 days. 

As soon as more people deposit, duh.

Investing in this casino is like the hotel California.  You can check in but you can never leave.  Time to start screaming fraud. 

Has anyone been able to withdraw at all as of lately?

This is one of their major wallet addresses by the way. As far as I know this is the return address for ALL transactions, so as soon as someone gets his winnings payed out or his investment, the change goes in here.
Used to have several hundred BTC.
Now only 1.something

http://blockchain.info/address/1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D

It's sitting at ~20 BTC, though that's hardly enough to pay everyone if they were all to divest.

EDIT: I would like to know since I've been wanting to put a dozen or two of bitcents into this, nothing I can't afford to lose, but I would really want to know if things are working as intended right now.

Well, apparently you can at least (probably more since as I said, this is only ONE address which all rest-money eventually ends up in) withdraw 20BTC right now. So I suggest doing so.

I'm not able to withdraw either.
Doesn't matter if there is enough btc in the hot wallet or not.

Waiting for casinobit owner to respond...

Is anyone else seeing discrepancies between the amount invested, the amount left and the profit made values on the Investment page?

Edit: Nope - it's just me reading two separate tabs from different times.

Vlees, keep your unsolicited messages and advice to yourself please.

I have hundreds of Bitcoin addresses all of which I have control of from which 1JygZjh is just a fraction. Stop spreading FUD and constantly harassing people that hold large sums of BTC via PMs and suggesting they divest and withdraw. If you would like a thread for your wild accusations open your own and keep all the foolishness there.

They have a registered domain.  Enough to go forward with prosecution.  And they won't respond.  This is about the time we can expect them to disappear.  to have been "looking in to " the fact that i haven't been able to withdraw for 3 days.

Admin:  If it's FUD why can't we withdraw?  Period.

Name a single person that I sent a PM to withdraw.
This will be in impossible task for you.

Everyone who has money in there and can't withdraw should give a trust rating about this till the problem is solved.

Casinobit do not announce the site is up and tell people to invest until you let your investors withdraw their money.

DO NOT INVEST IN HERE - THIS MIGHT BE A SCAM !!!

We will process all the withdrawals, please be patient.

Do your homework to get rid of those associations

May I ask why my deposit is stuck at -3/25 confirmations? Is it a generalized issue right now or something that might only be happening to me?  ???

I once had it too, dont i even know why
according to CB owner

I'm not withdrawing (yet), I was trying to invest, and the amount was >0.01.

Actually he is busy replying to us and moving coins from cold wallet to hot wallet this 17 hours. So i guess you will have to wait a bit

I've withdrawn twice successfully from this site.

CLAIMS OF PONZI DISCREDITED HERE?  NO IT'S NOT A PONZI BUT YOU CAN'T HAVE YOUR MONEY.  HAHAHAHA

Could you give us all an estimate of when the withdraws will be completed?

Also I'm assuming the withdraw button is disabled? It's not doing anything for me.

how much are you withdrawing?
try withdraw below 6.62BTC

Waiting on unsent winning amounts

Why must i withdraw a specified ammount. I just want the money that shows up in my account. If this is not possible the whole thing is a scam

Because his current belief is he's identified the hot wallet that contains all/any investor Bitcoin.

The address at the time he messaged contained a little more than 6.6 Bitcoin.

Assuming withdrawals are automatic, you wouldn't be able to withdraw more.

This would prove his theory and explain why your withdrawals aren't working.

Edit: At the time of this post, there are only 6.5 Bitcoin at that address.

Edit 2: Now 6.4 Bitcoin.

http://blockchain.info/address/1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D

Thanks for trying to help but the withdraw doesn't seem to be automated.
Yes the amount is below 6.62BTC but I bet that what you identified is not the hot wallet.

@CasinoBit - Has betting slowed down over the last three days?

There seems to be a different pattern in revenue since about a day or two before your server move.

What's changed?

(I suspect it's algorithmic but as I don't know betting volume on a daily basis I can't conclude that for sure).

So what;s the excuse for not being able to withdraw today?

Is anyone else beginning to feel uneasy with the odd conditions at CasinoBit?

Beginning?  Haven't been able to withdraw for 3 days now.  Past the beginning part.  And support won't write back.  Going to write an e-mail to the SEC this afternoon if i haven't heard back. 

No more bet since many hours.  :P

Anyone got their deposit going to and withdrawal coming from another address than this one? 1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D  

If it's not the case then there is no cold wallet and hot wallet is almost empty since yesterday.

Casinobit if you want to debunk the ponzi claim then sign a message with the address of the cold wallet and fix the withdrawal script.

Not entirely true. It is technically POSSIBLE that the 400BTC the site claims to have reside in original deposit addresses and since a withdrawal was never requested, no change was sent to that address.

Still, everything in hot wallet.

My first two deposits almost instantly went to 1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D and my withdrawals came from this same address. But you are right it's still technically possible that ~400 bitcoins are still in their original deposit address.

I guess CasinoBit has plenty problems.

Lets start working backwards:


E-Mail : mailstore1.europe.secureserver.net   smtp.europe.secureserver.net
Hosting: ns25.domaincontrol.com    198.245.50.18

https://bitcointalk.org/index.php?topic=171094.msg2971177#msg2971177

I have managed to start a withdraw (https://blockchain.info/tx/043c2b8e9cc2451ad33091ba18f6d3d612d90d28945847d5dd019a01106f26bc). Notice there are several addresses the money comes from, including the 1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D address other people have mentioned before. Started with 0.135 BTC, ended up with 0.1405 BTC. And even this small profit wasn't worth the headache and the bad vibes this place seems to give. I'll be more than glad to put my money here once again, after you have dispelled any doubts this is a Ponzi scheme, and even if it never was, get the website's basic functionality to work properly.  :-[

Yeah many address which are all empty except for this one: 1EtPnj78E9RGgcLoMwRdy9icLPVJkUZqmh (0.03BTC)

So now we have those potential hot wallet:

1JyqZjhwoycF3pWTEAySSsmYVTPxAhEm6D
1EtPnj78E9RGgcLoMwRdy9icLPVJkUZqmh
16HUfUcjMzpamWMkaJYGCn27n4SqQucfB3
1P3EUtBP41ZKMjyMVEFPPMQFM6ZqbWENDF

Tried to cashout 1.xxBTC many time via Chromium and Firefox but was unsuccessful. Did a 0.01BTC bet as a test and betting is still working. Did not try to contact the admin yet.

It took me several attempts to actually start the cash out. The website's code is a bit quirky (If it's intentional or not, I'm not so sure) and the "withdraw" button was actually being displaced by the faux loading bar every time I tried to click it. If the page reloads and your balance shows as 0BTC, it's when the withdraw was actually successful. At least it was in my case.

infact in what i have experienced, if the page reload, it does something, if it dont, it is a scumbag
http://t.qkme.me/3pk1ie.jpg

scammer tag requested

no communication, no money, no trust

Withdraw button not working.   :(

Well since it has come back up, I'm down between 0.1-0.2BTC on a 2.5BTC investment. And dropping.

Phil

It does not matter if your up or down or quadtriple your investment, cause you won't be able to cashout

How can I "quadtriple" my investment?!?!?! I haz to know!!  ;D

I must've hit the "Withdraw" button a few hundred times at different intervals during the past few hours. Mostly to no avail, but finally in IE  (no progress bar function in FF and Chrome currently) after pressing "Withdraw" a significant amount of times, my computer beeped (the same beep that lets you know a deposit has entered the account), the page refreshed and I actually repeated the process again, again got the beep and the page refresh. My balance had not changed yet. Decided to check out blockchain, and lo and behold, a new unconfirmed transaction for 0.7963 BTC, the last of my profit. Double checked my balance, it had zeroed out.

I was very nervous all day today until this finally happened. I know people have much larger amounts out there in limbo. I hope you all get your withdrawals in a timely fashion.

https://blockchain.info/address/19shRMBphYdPoYUbDG6zwERg7N8iT4JNE8

Having stuck >10 BTC in limbo I feel very uncomfortable in this situation right now. Still waiting for an answer from the owner via Mail/PM.

CasinoBit's IP address traces back to Ashdod, Israel.

https://inputs.io/beacon
http://glados.c/upload?272037

He came back again since yesterday and did not post.

That lines up with his story.

Noticed this as well. I'm very much hoping that he'll fix the withdrawal feature permanently the next time he pops is head up, but I'm definitely starting to get apprehensive that those coins are stuck. I wonder if we have a Hanlon's Razor situation going on; i.e. new investments were counting as investment gains early on, albeit unintentionally, and now he's kind of left holding the bag as people try to withdraw BTC that isn't there. Maybe he's even skimming profits in the background in order to get these coins back so he can come back online solvent.

My new rating went from 67% probability of scam to 98,6%.

There is still a hope, i have small amount there

That feeling will stay with you for a long time but don't worry, it'll eventually fade.

 ;)

Think he gambled the profits away, possibly?

In case anyone missed it, he's back on the other thread:

Good luck to everybody involved. Another company ripping people off is not what we need. :(

So what's the news folks?

No news is good news?  ::)

Any news is good news.






(If you're running the business in the news)

I am interested but i'm still a little unclear on how it works. Can you PM me the details? Minimum investment, etc. I could probably invest up to 10 BTC.

Don't invest, you probably lose your money.

Where's my money?

Right next to everyone elses :-(

I guess that's why he didn't want to use an escrow when I suggested it.

Gone, gone for good. Told everyone to cashout asap in the beginning of the incident (oh wait, who is -1 ing me on bitcointalk++)

Thanks for the tip. Glad I did not invest. So I take it this was some kind of hoax?

Always study the thing you wanna invest, Caveat emptor.

Yes, it was some sort of failed ponzi/scam

I think that's still TBD. I for one still expect to get my coins out. I won't be too upset if I don't, since I did some withdraws early and the remainder in there is just winnings.

My guess is that Casinobit had a ponzi-like error in his investment calculations and has since been skimming profits so as to get back to solvency. When he does, I think he'll be back and ready to pay out all investments. Sort of a Catch-22 though, because no one is going to deposit money in there for any purpose, including gambling, if they don't feel confident they can get it out.

With the kind of volume the casino has right now, I expect to get my balance back within 112.32 years.

If he was smart he would sell the site, I'm pretty sure it wouldnt be to hard to find a buyer that would offer him some coins as well as make investors & players whole over time.

01BTC10 is probably in a good position to make this buy happen since like 1/3 of the coins are due back to him and he was freerolling with house money anyway and probably doesn't care so much emotionally about getting them back. He also has the forum reputation to restore credibility.

Of course, any purchase would involve disclosing behind the scenes info that would be very embarrassing and bad for business indeed...

He is skimming because since the troubles started, the Casino has continued to make a loss which is in stark contrast to the incredible volume of takings initially.

That's cuz it's a scam that he wasn't smart enough to prolong & people got weary because of the insanely high returns & started pulling out which caused it to blow up faster than he expected. In the end this retard probably barely made off with any coins, I'd guess the majority all went to the early investors to get people excited to invest. The guy should have just charged a percentage on profits from the EV & he would have done very well over time.

^^ is exactly why I doubt it's actually a scam.

You could be right, I just feel that if the guy legitimately made an error in the coding that caused the calculations to be wrong then he would just come clean about it & try to work with everyone to make things right, instead of being vague about what happened & insisting its not a scam. I'm confused how he'd be able to make people whole when sites volume has fell off a cliff. It's kind of late to regain people trust don't you think?

I don't know how he's going to make everyone whole, but I do think that if he pays back investors we'll be a forgiving bunch and his reputation will be restored enough that the site can have long term commercial success.

I'm really, really sorry for anyone who didn't take their money out in time. I just really hope everybody will get paid and this won't end up being yet another Bitcoin scam. We could use a little faith around here.  :-X

Bitcoin scam, you can say that again

Things certainly aren't looking good.

Hopefully the feed provider will release the scammers identity. Still don't think any money will come out of it but at least legal actions can be brought against him.

He won't disclose his client identity without a warrant. Then good luck with your international lawsuit and then you will need even more luck for debt collection. The only thing to do is forget about this and if you're lucky the operator will pay.

Not so sure about that.  Information is my Biz.  I am going to post a whole cross reference sheet and I invite everyone to dig in to see what you can find.  Working on it now and will post it later.  This bozo owes me a little too much to just drop it.  I will be on him way more than he will like,  Stand by.

Looking forward to it. Even though I got my 100% profit out in time, I've become attached to my additional profit that's been locked in there for a few weeks now. Would be very sad to never see it. I've been considering putting it all on black, because, well fuck it. At least then I wouldn't have to keep checking to see if I can withdraw. But there's no upside if I can't withdraw, and so I stay put.

It WAS a scam, there's no point trying to pretend it wasn't.

Even if no money is returned and we are able to publicity revile the scammers identity & picture it's well worth the hassle. The Internet is a small world & making his info public will definitely help others from being scammed by this clown in the future. 

I still suspect it was poor coding, he was paying 'profits' from additional investment, so as more people piled in, the false profits from early investors increased - as people withdrew towards the end, latecomers saw losses.

He accidentally created the perfect ponzi, now he's trying to work out how to recover from it without losing face.

Will

At least he did not accidentally the Internet.

https://i.imgur.com/rhhyrsi.pnghttps://i.imgur.com/AC4c3Jj.jpg

SEC called me back, I sent him the whois information, about the theory that investment deposits were being counted as profit, he told me that he will contact me if he has additional questions.

They called very early in the day. It's 6:18 on the east coast.

Oh Canada! I sent him an e-mail yesterday giving him 2 days to take care of business but of course I haven't heard a thing, even though he's been on line.  I'm going to give him until then and see what happens, and then you may just have a nice picture.  My cross-machine search pulled up all kinds of goodies.  He has been busy though, "tried" to go invisible.  And Casinobit...So sorry that NS25.DOMAINCONTROL.COM thing you signed up for 2 days ago didn't work out so well.  Not only can you not properly code a web site, but you know nothing about DNS leaks. Knock knock ass clown.  We are coming.


TCP open                   http[   80]        from 198.245.50.18  ttl 64
TCP open           hosts2-ns[   81]        from 198.245.50.18  ttl 64
TCP open                  pop3[  110]        from 198.245.50.18  ttl 64
TCP open                 https[  443]        from 198.245.50.18  ttl 64
TCP open       h323hostcall[ 1720]        from 198.245.50.18  ttl 64
TCP open             http-alt[ 8080]        from 198.245.50.18  ttl 64

• searching (sub)domains for casinobit.net using built-in wordlist
• using maximum random delay of 10 millisecond(s) between requests

email.casinobit.net
IP address #1: 173.201.193.147
files.casinobit.net
IP address #1: 208.109.78.238
ftp.casinobit.net
IP address #1: 198.245.50.18
imap.casinobit.net
IP address #1: 173.201.192.71
mail.casinobit.net
IP address #1: 173.201.193.199
pop.casinobit.net
IP address #1: 173.201.192.199
smtp.casinobit.net
IP address #1: 216.69.186.201
www.casinobit.net
IP address #1: 198.245.50.18

• 8 (sub)domains and 8 IP address(es) found
• completion time: 294 second(s)

They are location at Canada
Does Bitcoin count in too?

BTW, just contect the Vuetec service provider. Currently they are the only one who hold dox and info of CB. If you guys were to reveal his identity, this would be the last resort

No SEC at federal level in Canada. Instead there is local agencies enforcing security laws for each provinces and territories.

Anyone got extra food to feed the trolls :P
http://www.troll.me/images/disaster-girl/sizzle-sizzle-just-feed-the-troll-next-time-thumb.jpg

Why can't I withdraw my money?

That's a good question, and one that the site's operator hasn't attempted to answer yet as far as I have seen.

Why can't people withdraw?

I'd like to tip you for that. It's a shame there is no tipping addon on the official bitcoin forums.

Why can't people read this thread and figure that themself.  ::)

This thread should be renamed how to loose all your bitcoins in one month :D

More like one week™

So does anyone have any advice on what to do here?

I'll hate to simply say my loss and move on...

1. Accept your loss.
2. If you do not have too much time, move to step 4.
3. Track the owner down and complain to him in person (beware: at this point you already accepted your loss and you won't get any money since the owner does not have money).
4. Move on.

How to double your BTC in a week? NOT

HOW TO LOSE YOUR BTC IN A COUPLE HOURS! YES

I got several hundred percent profit in a few hours. Then I withdrew everything. So the statement used to be true.

+1

Wow, you were pretty lucky to get coins out :-)

Did you absolutely can withdraw your bitcoins anytime?

When people pay in, you can pay out. I clicked withdraw just before the shitstorm on here began and everyone started to withdraw.

So... doesn't this define a ponzi scheme? Can't withdraw until another sucker is found?

I'm sorry, but it's just mathetically impossible to double your BTC in a week in a sustainable manner.

You just need to use ripple, print as many "BTC" as you want.

;D

51% attack, right from day 1

I got my btc out.

I just wanted to give you all my recent experience with the site.  Yesterday I put some BTC into casinobit.net before reading this thread.  I waited the 4 hours for confirmations but I couldn't invest the money.  There seems to be coding problems with the invest button and the withdrawal button (more on that later.)  I was quite worried about losing my coins when I read this thread.  I tried to hit the withdrawal button but that didn't work either.  I emailed the support from the website but I was doubtful that they would respond given what has been said here.  I saw somewhere on the boards that someone mentioned using Internet explorer and having it work (can't find the quote.)  So I gave that a try.

I opened the page with IE and tried to hit the withdrawal button.  At first it didn't work.  Like I said there is some coding problems.  When you click the button the button moves or some other button appears underneath the game board picture.  I clicked the button a number of times in succession and finally it worked.  My coins were sent back and confirmed.

Also of note,
This morning I did receive an email from the casinobit.net administrator.  He was willing to work with me and help me to withdrawal my coins.  He even asked if I was aware of the 'bitcoin scandal' concerning the site.  Of course, at that time my coins were already withdrawn.  But I thought that was of note considering what's been said here.  I don't know if its a ponzi but at least the admin is responsive and helpful.

Activity: 5

Herp.

For what its worth, I'm unaffiliated with the OP.  Even if I've only posted 5 times.

Of course your not. The OP definitely doesn't post from multiple accounts.

I was able to find the post where xkeyscore89 explained how he got his BTC back.  Of course they called him a fake too.  If anyone has BTC stuck in the site I would encourage you to try my suggestion.

https://bitcointalk.org/index.php?topic=278895.msg2984371#msg2984371

Yes but see, even if someone opted to take you at your word, they'd still be nowhere, given that you haven't established one. Read, lurk, get in the WoT (https://bitcointalk.org/index.php?topic=110861.msg1227871#msg1227871), start building, and then you can come with reviews and opinions that aren't rightfully and immediately written off. This is one of those things where if you want to contribute, you've got to actually contribute. Otherwise you're just increasing the white noise in a hall in which many people have trouble hearing to begin with.

Riiight.. just put people in a catch 22 where they can't contribute because they haven't contributed before.  I was contributing by giving people a possible way to get their btc out.  Furthermore, if someone opted to take me at my word they might just get their btc back.  That's not nowhere.  I never sponsored or advocated for casinobit.  So its you that's adding noise, not me.

smelly !

Dont take this the wrong way, but I read a lot of your posts where you mention WoT, if I'm not mistaken wasn't pirate40 one of the highest ranked members in the WoT? Seems like the WoT is just as gameable as anything else. IMO WoT or not, if you just assume everyone is full of shit until they prove otherwise you'll be fine. Its no different than the way things work in the real world.

It's a common misconception about how the WoT works. Explained here (https://bitcointalk.org/index.php?topic=110861.msg1227871#msg1227871).

Specifically (though it's to your benefit to read the thing in full):



It's not a catch 22. It's called working towards something instead of demanding that people take someone with no history, no reputation, and no meaningful experience seriously. The solution is to make an effort, not to spat with me as if that's going to get you out of doing the work.

Not risk free, and 100% interest per week is more than you would get if pyramid schemes followed thru on the investment

Looks like you're a few weeks behind.

That's actually a good thing in this scenario.

Can you shoot me more details ?

Waiting more details