I have seen players win 100btc on luckyb.it and thats not even the max prize. you can also win something like 20-40btc on primedice. you need big money to make big money in most cases but it can be done
Big Win required Big Capital , so it won't be easy to get easy profit Math says you get a negative outcome at the end. Otherwise the house should be broke by now lol.
But it's still not impossible for getting rich by gambling right ? It's not impossible, but it's very unlikely. |
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They should have done what ShapeShift did and delist it when things started getting shady, it was a pretty bad idea to accept a Prime Controller and eventually it catches up when you take little shortcuts here and there.
That would be assuming they are not scumbags, which is a silly assumption to make, especially with the claims made in the cryptsy post. The prime controller just gave them more coins to dump on their customers to put more btc/cash in their pockets, which seems to be their #1 priority. |
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Yes that is nature of gambling one day we are in profit but other day we had nothing, i am agreed with you on this point because we can't take gambling as serious business for daily earning.
Oh, we can profit and earn on daily basis from gambling, the thing is, to do that you have to be exceptionally skilled at games where skill actually matters. I am talking here about mainly Poker (highest skill cap) and some BlackJack (mathematical knowledge) and sport bets (specific sport knowledge). There is no blackjack mathematical knowledge just simply luck with negative ev. but from what i see there seems to be some mathematical calculation that lets u know if the chance to hit or stay is better. Better does not mean good. it is better to hit a 16 vs a 10 than to stay, but both options are -ev. |
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Yes that is nature of gambling one day we are in profit but other day we had nothing, i am agreed with you on this point because we can't take gambling as serious business for daily earning.
Oh, we can profit and earn on daily basis from gambling, the thing is, to do that you have to be exceptionally skilled at games where skill actually matters. I am talking here about mainly Poker (highest skill cap) and some BlackJack (mathematical knowledge) and sport bets (specific sport knowledge). There is no blackjack mathematical knowledge just simply luck with negative ev. In a real casino, with certain rules and knowledge of what card are left in the deck, blackjack can be plus EV. it is very hard, and most casinos will kick you out and/or shuffle more often if they figure out what you are doing, but it is possible. |
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Be careful with these. some people are paying a lot more attention to how to win these than you would think, and that's even before we get into shady shit.
Like last week, a draft kings employee that can see (and leak) everyone's lineup before tournaments start coincidentally won 350k on fanduel.
I understand use caution with everything, but I personally don't see what the big deal is if a lineup gets leaked, it doesn't mean the players are going to perform better or worse right? If the staff can see lineups in time to set lineups themselves it can cause lots of problems. First, they can copy lineups from the better players, and they know who the better players are because they have access to records. Also, part of the thing with these fantasy sites is that you need a relatively unique lineup. If two qbs are close in skill level, and one is used by 40% of the players and one is used by 2%, you would want to take the 2% because then you have less people to beat if that qb has a big game. Having the same lineup as everyone else makes it a lot harder to win big prizes because you can't beat those players. |
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Be careful with these. some people are paying a lot more attention to how to win these than you would think, and that's even before we get into shady shit.
Like last week, a draft kings employee that can see (and leak) everyone's lineup before tournaments start coincidentally won 350k on fanduel.
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This is just an amazing turn of events. It's sometimes human nature to think on the positive side and see that someone may be on the up and up... but wow. With this crew you really need to take the absolute opposite approach we are used to and simply assume guilty until proven innocent.
Especially with gaw. Anyone that deeply involved is either a crook or too stupid to be trusted in the future. There really is no middle ground with how blatant that was. |
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Do you think that if Mining Sweden upgrades to S7s, that it will positively affect those who have already bought mining power - or that it will be offered as "unique" mining packs in the shop?
how will it positively impact you? More miners means the difficulty will go up, making the miners you "own" worth less. They will "sell" those miners to other people which will give you a smaller percentage of the total hashpower. |
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Your odds of winning that bet are still very low. Just pick an amount and bet over and over again and hope you don't run out. each bet is independent so it is possible that you will lose x in a row.
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I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win  But you will get more experience over that game. Long term means we need to a single game for long term in order to gain knowledge over that game. So, long term playing a single game with very less bet amount will make you rich over time. No. People play poker and bet sports forever and lose because they aren't smart enough to get better. And no matter how many time you do it, you can't learn anything to beat games that have - expected value. |
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60k in worthless xpy was the only issue that pile of nonsense?
These guys deserve each other, I hope no one else gets brought down by these maniacs.
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If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!
I have my theory: those gamblers (not all of them of course, but a large part of them) have infinite supply of money from their relatives who work at Government institutions stealing money and taking bribes. So such "gambler" can lose 20k then win 5k and then say "I've won 5k", because he can afford to not give a slightest f*** about those 20k lost. Hence the legends about "professionals" who make a good living from gambling only. So it's more like a money laundering than gambling. As I said, not all of them are like this, but I think most of them. There are a lot less professional gamblers than you think and none of them are playing dice games or roulette or craps to make their living. |
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So he figured out on Dec 22 that they had no business plan, and still managed to hang on and lose enough money to need to sue garza?
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if i'm not wrong,every successful venture needs a good investment, s that being said the fees that the cloud mining services charge also allows them to invest more in to mining equipment which in turn increases their chances of stumbling into more bitcoins... they then give a part of it to us, the 'investors' which may promote many of us to invest more again... and thus, the cycles continues...
Yes, the cycle of taking money from you and giving it to electric companies and hardware providers. |
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If someone can earn x bitcoins mining and you sell it to them for less than x you are throwing money away.
All the other reasons you gave are also the exact reasons why it makes no sense to buy/rent the hashrate.
There is no way for it to work out for both parties. someone is going to be making a bad decision.
Suppose I have a rig that will mine 20 BTC over the next 12 months, and that it will burn 10 BTC worth of power doing so. If I don't sell you anything, I make 10 BTC profit in the next year. Instead, I can rent it to you for a year, for 9 BTC. You get 10 BTC back slowly over the next year, and end up with a 1 BTC net profit. I get the 9 BTC up front, and use it to buy another mining rig rather than having to wait for a year before buying it. I've effectively borrowed the 9 BTC from you at around 11% interest. Aren't we both getting a good deal here? I'm getting money earlier than I otherwise would, and you're making a return on your investment. Why not just be patient and get the whole 10? You are going to have to go through the work/hassle/expense of running the miner, why not get all of the benefit? This is the one scenario where it makes a little sense, but I don't see it really happening because why pay that 11% when you are going to do all that work to generate the whole 10 anyway? If you need 9btc today you can borrow at a much lower rate, and probably spend less to generate/earn the 10 that you would running the miner? The whole discussion is really moot because no one has miners that will roi at all, but the time-value of the coins is not that high. |
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Why would I trust someone who has come up with such a scummy way to make money?
And why do you need startup capital if you can so easily create coins and make money from them?
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It looks like Quotient (XQN) has been added to the pool but there is no wallet address or screenshot for it. I think I read somewhere that the XQN deposit was donated by the devs but I can't that post now.
Isn't it possible that he has 18.6 million of the 12.5 million total xqn? Wait that doesn't make sense. Never mind. No matter how much it is, I'm sure that investing in a coin that has an official twitter with no posts since the last pump and dump 7 months ago will lead to nothing but vast riches for everyone involved. |
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I just can't understand what is wrong with these people who seemingly have a decent life going on and are addicted to Paycoin and the cult around it to the point that they lose all connection to reality. It was a FRAUD. Some of you even participated in it. You got PAYCOINED. Come clean, Get over it and quit trying to be little Garza's FFS. When you look at the culture and dynamic of the shitstain Paycoiner forums they are all little Hashtalks. They miss the cult aspect of Hashtalk and Paycoin and want it to continue. Those that wielded power within the cult miss it mucho more than the flock, too. P,S: Totally agree about the payment in Paycoin. From the Emails we know that Garza made most of his deals with as much of his play money as he could with a sprinkle of BTC tossed in as a sweetener. Makes people motivated to shill for their dinner that way, and of course costs Josh pretty much zero. They saw garza get away with it so they will sink down to that level to try and get some of it back. I'm constantly amazed by how little effort these thieves end up putting in to some of these scams. |
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Maybe he wasn't paid directly? Maybe he did it for free or for other "perks"? Just guessing.
But Garza stole/scammed from everyone it seems. Even his "employees".
Don't like to totally guess, but judging from what we've seen from that jane, vlad, etc they probably got paid in hashlets and/or xpy. Holding onto those until they became worthless doesn't mean that people weren't paid. How much of that 15k was cash/coins deposited by korfax and how much was xpy/hashpoints/other nonsense valued at an insane number? Was anyone really stupid enough to leave 15k worth of anything in any of the websites by the time ganza finally pulled a runner? |
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Thanks, I commend you for having the patience/insanity to give them some money in order to get the inside info and get a look at the inside. I hope it prevents some of those people from losing all their money. |
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