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The scenario is they sifted through the data they had. Then they determined they didn't have enough to make the accurate payouts. So instead we are paying it out this way. The way that the people who contributed were expecting to to get paid at the time of the contributions.
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When we split from poker originally, we lost access to a lot of poker data. After getting back together with the poker team and going through it, we realized we did not have enough data to make the payments 100% accurate.
It will be paid in full. We are doing partial payments to give additional people a chance at winning parts of it, but we expect it to be gone within 8 weeks or so because we are lowering the hand requirement significantly. We have worked closely with Twitchy on this, and although we are incapable of satisfying all his requests, we are doing it as best as we can so it is fair to the players.
We are trying to do the right thing here. Not everyone will be happy but the money will be paid out in full to the players and soon.
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The last few weeks were spent determining whether we had all the information to make the payouts 100% accurate. When we determined that we did not, we decided that this was the fastest way to get the BBJ paid out quickly and fairly. We will be lowering the hand requirement to hit and all other rules will remain the same until it is paid out in full. This will give several groups of people the opportunity to win large amounts.
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POKER TO RETURN TO BETCOIN.AGIn our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable. Full article here: https://www.betcoin.ag/poker-return-betcoinag
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Hopefully Betcoin does the right thing and honors the current promotion, paying those that are owed money!
We certainly will still be distributing the bad beat jackpot, if that's what you are referring to. Should be late next week. It's late next week. How's the distribution coming? Update - We are continuing to go through the extensive data. We had to employ the former members in order to parse the data. Due to the complexity, it is taking longer than originally anticipated and we will have another update early next week. Thank you for your patience. Not meeting self-imposed deadlines. Not letting the community know until specifically asked about it. Seems like the new Betcoin is exactly like the old Betcoin. Show us your progress. Show a spreadsheet of what you've accomplished thus far. We did let the community know. There have been 2 updates in the player forum this week. The second one I cut and pasted as a response to you but was released prior to your question. |
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Hopefully Betcoin does the right thing and honors the current promotion, paying those that are owed money!
We certainly will still be distributing the bad beat jackpot, if that's what you are referring to. Should be late next week. It's late next week. How's the distribution coming? Update - We are continuing to go through the extensive data. We had to employ the former members in order to parse the data. Due to the complexity, it is taking longer than originally anticipated and we will have another update early next week. Thank you for your patience. |
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Hey Mont, thanks for the feedback. We had issues with all ETH deposits and withdrawals yesterday. As you can imagine this kept us quite busy. We actually had to remove the ETH option for several hours. Seems like the system is running more smoothly now and apologize for the inconvenience.
The sportsbook is currently in Beta and we understand that you may be used to a different structure and we recommend that people to whom our book is confusing to play on another book until our full version launches.
Sorry to hear you found our slots old fashioned. We have many 3D slot options with the latest technology. What slot were you playing?
We are hoping to have instant withdrawals and deposits soon, as well. We have to wait until the poker transactions have ceased for this to take place. When BETA period will be over? We expect the BETA period to end towards the end of February and have a promotion in the beginning of March thanking all of our great players for playing with us. Thank you. |
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Well my friends i've finally decided to try this betting site and it was a big mistake
I am playing at Cloudbet for years, and yesterday i've deposited 0.7 ETH to Betcoin. First i've had to wait 4 hours for my deposit to be visible, ok, it happens.
Website is messy (childish), very hard to find what you are looking for, but i've managed to go live betting, changed odds to decimal, but when you open your betting match, odds are not decimal. Than i've tried to play, i'm usually playing single matches with normal stake... so i've tried to stake 20 chips, but no... they've saying max bet is 10 chips, ok, after i've tried 10 chips, it goes even lower, it has stopped somewhere around 0,70 chips... wtf? It was absolutely same with almost every match... but eventually i staked 7 or 10 chips at some (two) matches, after many many attempts, very annoying... No matter how much you stake, they just refuse to accept and tell you to put lower stake.
In a meantime i decided to play some slots, they look like 15th century slots, then i won some betting and decide to withdraw 50 chips, about 0.8 ETH. So i did my withdraw, and nothing happened after 24 hours. I contacted someone from chat support, they told me to withdraw again?? And voila... my chips are in balance again, so i did my withdraw again and contact them on Chat again... of course they've told me that my withdraw will be processed in the next 24 hours.... but i was already waiting for 28 hours....
Now i don't care, i am lost my patience with this frauds, i don't care if they never send me my money back, i am done with them. Don't go there please, there is so much better betting sites, you'll save your nerves because i've never seen something like this before. When i am playing at Cloudbet everything is perfect, instant deposit/withdraw, amazing support, big bonuses, and this? It's ridiculous.
Hey Mont, thanks for the feedback. We had issues with all ETH deposits and withdrawals yesterday. As you can imagine this kept us quite busy. We actually had to remove the ETH option for several hours. Seems like the system is running more smoothly now and apologize for the inconvenience. The sportsbook is currently in Beta and we understand that you may be used to a different structure and we recommend that people to whom our book is confusing to play on another book until our full version launches. Sorry to hear you found our slots old fashioned. We have many 3D slot options with the latest technology. What slot were you playing? We are hoping to have instant withdrawals and deposits soon, as well. We have to wait until the poker transactions have ceased for this to take place. Just get interested when will you open the full version of your sports book? since I'm also looking for some btc house who offer sports aside from casino. as I seen nitro and sportsbet have this options so while waiting for the game we can play some slots or some dice. looking forward to see some updates here sir. Many improvements have been made in the past week, but we are hoping to have the full version up and running soon. The bet slips are now available for access and the grading is faster and more accurate than ever. Please check it out and provide any feedback or suggestions you may have for additional improvements. |
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Well my friends i've finally decided to try this betting site and it was a big mistake
I am playing at Cloudbet for years, and yesterday i've deposited 0.7 ETH to Betcoin. First i've had to wait 4 hours for my deposit to be visible, ok, it happens.
Website is messy (childish), very hard to find what you are looking for, but i've managed to go live betting, changed odds to decimal, but when you open your betting match, odds are not decimal. Than i've tried to play, i'm usually playing single matches with normal stake... so i've tried to stake 20 chips, but no... they've saying max bet is 10 chips, ok, after i've tried 10 chips, it goes even lower, it has stopped somewhere around 0,70 chips... wtf? It was absolutely same with almost every match... but eventually i staked 7 or 10 chips at some (two) matches, after many many attempts, very annoying... No matter how much you stake, they just refuse to accept and tell you to put lower stake.
In a meantime i decided to play some slots, they look like 15th century slots, then i won some betting and decide to withdraw 50 chips, about 0.8 ETH. So i did my withdraw, and nothing happened after 24 hours. I contacted someone from chat support, they told me to withdraw again?? And voila... my chips are in balance again, so i did my withdraw again and contact them on Chat again... of course they've told me that my withdraw will be processed in the next 24 hours.... but i was already waiting for 28 hours....
Now i don't care, i am lost my patience with this frauds, i don't care if they never send me my money back, i am done with them. Don't go there please, there is so much better betting sites, you'll save your nerves because i've never seen something like this before. When i am playing at Cloudbet everything is perfect, instant deposit/withdraw, amazing support, big bonuses, and this? It's ridiculous.
Hey Mont, thanks for the feedback. We had issues with all ETH deposits and withdrawals yesterday. As you can imagine this kept us quite busy. We actually had to remove the ETH option for several hours. Seems like the system is running more smoothly now and apologize for the inconvenience. The sportsbook is currently in Beta and we understand that you may be used to a different structure and we recommend that people to whom our book is confusing to play on another book until our full version launches. Sorry to hear you found our slots old fashioned. We have many 3D slot options with the latest technology. What slot were you playing? We are hoping to have instant withdrawals and deposits soon, as well. We have to wait until the poker transactions have ceased for this to take place. |
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I believe they are in the process of acquiring a license with some regulatory body, which would most likely prevent all players from USA to play ( maybe just some states, not sure, probably France, UK, Portugal, Spain, Australia and any other market that;s currently regulated by government or is run by a Nutjob like N Korea or Syria).
Pretty slim chance anyone will be able to play unless they live in a gray market.
As I have said before, I have been miraculously convinced that there is a real decent chance they will distribute the BBJP to the players in a fair manner. (They will not fuck you)
Assuming they do payout the BBJP ( which I hope to ne true, but will only believe when I see ), I was explicitly told that whatever you are paid you - will be able to withdraw - regardless of where you live - and despite the fact that you would be unable lost any of it back if you wanted to.
If you're in a restricted country, it's very possible your BBJP cashout will be your final transaction with Betcoin.
I think some reasonable questions at this point would be:
- What if we one were to live in restricted country, X (X) , but often travel to permitted country B (B). Could a player gamble while in (B) without worry?
- What if a player makes a wager while in (B) which isn't settled until some point after which the player has returned to (X)? (For example, a MLB future 8 months in advance) Will they run into issues withdrawing?
I Don't really expect these questions to be answered very quickly, but ignoring them would likely result in future issues/rep damage.
Also, please advise players ASAP who you will be regulated by, what regulations you be following, and how to make official disputes.
Twitchy is correct, to receive a gaming license, we are unable to offer games in areas where it might be prohibited by law. However, all accounts will remain active for withdrawals and player chat. If you are a citizen of any restricted country, you are prohibited from play, unless you have dual citizenship or another citizenship and access the website from a non-restricted country. The ip block only prevents people from depositing or playing in the restricted areas. I hope I was able to clear this up. Please note that some of the things I said may be subject to change at some point but regardless of that, your coin will always be eligible and safe for withdrawal. Hopefully this cleared up some of these questions. Feel free to ask any more if you have them! |
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Hopefully Betcoin does the right thing and honors the current promotion, paying those that are owed money!
We certainly will still be distributing the bad beat jackpot, if that's what you are referring to. Should be late next week. |
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Why, after I have been using the site for years, all the way up to tonight even, I refresh the page and all of a sudden it says that this page is not available in my country?
Hello, sorry for the inconvenience, but in order to get our new gaming license we must restrict certain countries. |
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What are you planning on doing with the poker bonus chips that players had?
Will you be publishing the full list of players paid back from the 43BTC BBJ? Because if not, there's no point in continuing this charade.
Are you still working with Limestone Networks?
The poker bonus chips were received as a deposit bonus which could be earned through poker play. Players did not contribute to to this. Like on every other site, that bonus had an expiration date. In this case, it was when poker ended. This prevents players who deposited 100 chips 2 years ago and only played enough to release 10 bonus chips from receiving the other 90 promotional chips they didn't earn. Another scenario is someone who deposited 100 chips 2 weeks ago and didn't play any poker not being able to double their money without earning the bonus. Earning deposit bonuses through rake which expire at some point is a standard throughout the industry. The plan for the BBJ is to release a list showing that it was distributed in full. The new management group wants to be completely transparent about this. The biggest issue regarding this is account privacy, but we are thinking of ways that will satisfy everyone. Let us know if you have any suggestions. I am unfamiar with Limestone Networks. |
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The people who had money in Mt. Gox never received it. All BTC on Betcoin is available for withdrawal at any time. Betcoin has always had some of the fastest payouts in the business and under the new management they have even gotten faster.
I did not know that the site is under a new management,when did this happen and who are the new owners,we would like to know these things and what made these changes ,did the old management sold the site or they handed the site to the new team to run as the old management is still the inactive owners. A new group has bought into the site. Some of the staff will remain the same but many new people have been added as well. The focus going forward will be providing better customer service and faster ticket times. |
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Last time I used Betcoin to withdraw, it allowed LTC and ETH, is that still not the case and why not use them considering the Bitcoin fees problem is effecting everyone not really just a problem here. Withdraw the LTC or ETH to an exchange if you feel like and convert it to BTC there. I tend to avoid BTC use if I can, my last look for Bittrex for example showed I would have to pay 20 dollars to move the money which is highway robbery and the miners are way out of line thinking that idea can continue. https://jochen-hoenicke.de/queue/#3mHeres a chart to reference, my reading would be that it might be possible to transfer on 50-70 sat/byte fee
Why are you speaking about yourself in the third person?
Its not a one man show Agreed thanks, we are recommending people withdraw by different method right now, when possible due the the excessive backups on the BTC blockchain. We also offer ETH, LTC, BCH and DASH. |
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I initiated small withdrawal yesterday, it has been approved and processed but you've sent it with fee of ~45 sat/B, while recommended fee is currently 600 sat/B.
Do you have any policy in place to rebroadcast the tx with a higher fee if it doesn't get confirm within certain time?
Unfortunately major blockchain delays are causing backups on receiving some withdrawals but if for some reason, the BTC gets returned to us, we will return to your account so it can be requested again. Apologize for the delay. |
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It's sad to see poker sites in btc going down like flies. This is like the mtgox of btc poker. I'm lucky I didn't have anything on mtgox or betcoin poker at the time they went down
The people who had money in Mt. Gox never received it. All BTC on Betcoin is available for withdrawal at any time. Betcoin has always had some of the fastest payouts in the business and under the new management they have even gotten faster. |
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Apology, Bad Beat Jackpot Distribution, and Discussion of the Future of Betcoin.agFirst and foremost, we would like to apologize to the great players that have played with Betcoin.ag over the past 4 years. We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you. We also apologize for not handling the Bad Beat Jackpot matter in the most expeditious and fair matter as possible for all of you great players. Betcoin.ag is now committed to addressing your concerns in the most professional manner and immediately handling player concerns. We are very excited to be improving the overall culture. As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018. We believe that this is the right and just thing to do, as many of you entrusted in Betcoin.ag and continue to do so. We are excited about the future of Betcoin.ag and committed to providing you the very best place to play. We can assure you a mix of new promotions, games and opportunities, as well as an exceptional 24/7 customer support experience. Please check back here for future updates and we sincerely thank all of you for playing at Betcoin.ag. https://www.betcoin.ag/apology-bad-beat-jackpot-distribution-and-discussion-future-betcoinag well that's a good progress , I hope you have the data about how much exactly players contributed to the jackpot cause this is the only fair way IMO to distribute the jackpot BBJ shouldn't be VIP based and shouldn't be a freeroll like the no collusion freeroll that you had in the past Thanks for the feedback and we completely agree. We do have access to that data and it will take a couple weeks or so to compile but we plan to make the payouts as soon as possible. |
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Apology, Bad Beat Jackpot Distribution, and Discussion of the Future of Betcoin.agFirst and foremost, we would like to apologize to the great players that have played with Betcoin.ag over the past 4 years. We apologize to you, because our research indicates that Betcoin.ag has not taken the very best care of you. We also apologize for not handling the Bad Beat Jackpot matter in the most expeditious and fair matter as possible for all of you great players. Betcoin.ag is now committed to addressing your concerns in the most professional manner and immediately handling player concerns. We are very excited to be improving the overall culture. As our first matter, we believe it is necessary to distribute the Bad Beat Jackpot based on the percentages to players who have contributed to that Jackpot through the years. We will be calculating the totals over the next week to two weeks and expect that all distributions will be posted to player accounts by the second week of January 2018. We believe that this is the right and just thing to do, as many of you entrusted in Betcoin.ag and continue to do so. We are excited about the future of Betcoin.ag and committed to providing you the very best place to play. We can assure you a mix of new promotions, games and opportunities, as well as an exceptional 24/7 customer support experience. Please check back here for future updates and we sincerely thank all of you for playing at Betcoin.ag. https://www.betcoin.ag/apology-bad-beat-jackpot-distribution-and-discussion-future-betcoinag
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We are very excited to be taking over what will be a new and improved Betcoin.ag. Additionally, we apologize for the delayed response, but we have been very busy keeping up with the new changes. We would like to respond to the people who have inquired about poker bonus chips and the bad beat jackpot. Both of these were promotions which, according to the site's terms and conditions, could be changed or cancelled at any time. With the discontinuation of our poker program, we are unable to continue these promotions. Thanks again to all our great players and supporters. We look forward to entering this new chapter with you!
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