Our faucet is now unlimited! Instead of an hourly/daily claim limit. If you reach the old limit now, you'll receive a smaller payout instead of having to wait like before.
Oh thats cool so same wait time but now you can get reduced faucet claims? Before if you reached the 40 claims/day limit, you couldn't claim any more. Now if you reach that limit, you may still claim, but at a reduced amount until it resets. |
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Our faucet is now unlimited! Instead of an hourly/daily claim limit. If you reach the old limit now, you'll receive a smaller payout instead of having to wait like before.
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So when is 777coin getting dice? I hear there are some cool bots available for dice sites *skimp skimp*  Check out Satoshi Slider  |
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The limit is generally set to have a max win on the highest prize of 2.5% of the global bankroll (the bankroll after margin is applied). In some cases it will be lower if the row is seen to be a high risk or high payout frequency, for example, a 5 in the middle row won't allow a max win of 20 BTC since it's too common to hit.
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my deposit address changed twice in a few minutes, safe to send to new one?
We made a change to our deposit system to give a new address upon each deposit to help with privacy, all of your old addresses will continue to work forever so you may use either. I'll update the page to make this more clear. |
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Anything around 1-1.5 BTC should be paid out automatically almost all the time, anything larger than 2.5 BTC or so will typically require a manual transaction. Manual transactions are usually processed within a couple hours, but can sometimes take up to 12 if both lightlord and I are away.
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it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol
Almost every investor has margin 5X, so when n8 won 23 BTC investors actually lost 115 BTC so its not strange at all to lose 5X when someone hit big. Personally i think margins are not good, but who am i to tell people what to do with their money What you just said made no sense whatsoever. If he won 23 BTC, how could people possibly lose 115 BTC? Your kelly risk ratio is your risk relative to the BR. If he won 23 BTC, only 23 BTC was removed from the BR. That has nothing to do with kelly, whether a user is 0.01x or 50000x is the same. All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost). And what you reply to me makes no sense at all. Let me(senior member) explain to you(legendary member) how margin 5X works. Lets say one player has whole global bankroll. And he invested 100 BTC in site. So, when someone win 20BTC he will lose 20 BTC. Now, lets say that player has invested 100BTC with 5X margin. So, when somene win 20BTC he will lose 100BTC, 20BTC go to player who win and 80 BTC goes to site owners. All it impacts is how much each individual lost (theirInvest*theirKelly/23.00 BTC = amount lost).
All individual investments make one global investment, right? I didn't said every single investor lost 115btc. Let site owners correct me if I am wrong.If an investor puts in 100 BTC at 5x margin, the bankroll will be 500 BTC, and the win will be 12.5 BTC. If this 12.5 BTC payout is hit, the investor still only loses 12.5 BTC. The real effect of margin is how it affects the bet limits, and how much of the share of profits or losses your investment takes. In the same case as before, where the investor puts in 100 BTC but uses no margin, the bankroll is 100 BTC, and the max bet is 2.5 BTC, making the investment have a much lower risk and reward. In the first case of 12.5 BTC being lost, the bankroll would drop 62.5 BTC in size, however this bankroll is not all real coins, it's coins on margin, so a "real" drop of 12.5 being paid out makes it drop the "bankroll" value by 62.5, even though only 12.5 real coins have moved. In a case with multiple investors on the site, say, one with 100@1x, and another with 100@5x, we'll have a bankroll of 600 BTC, and a max win of 15 BTC. Let's say someone wins 12 BTC. In this case, the 1x investor makes up (100 * 1) / 600 = 1/6 of the bankroll, so he loses 12 * 1/6 = 2 BTC. The 5x investor makes up (100 * 5) / 600 = 5/6 of the bankroll, so his loss will be 12 * 5/6 = 10 BTC. In the same case as above, if someone were to lose 12 BTC, the 1x investor would receive 2 BTC, and the 5x investor would receive 10 BTC. Margin does not in any way make the house directly receive money, we only indirectly receive it from the fact that it increases bet limits, which enables more and larger bets to occur, generating more revenue. Our investors' profit/loss has no effect on our income, only the total amount bet does. |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet. my estimates plinko : 0.55% dice : 0.25% slots : 0.595% bitspin : 0.595% roulette : 0.9% Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55% House edge of Bitspin is 1.75%, of which 1.155% goes to investors. Remaining 0.595% which I took for commission. so 0.04% for affiliates but 0.595% * 30% = 0.1785%. Is the 0.55% average? Sorry about that, I was somehow looking at some outdated data, from before their release. Your figures are correct for the commissions. Affiliates will receive their 20, 10, or 5% cut depending on their affiliate level off of our share. so 0.55% * 20% for plinko for top level, or 0.595% * 20% for slots, etc. In total up to 30% can be paid out if a user has level 3 affiliates. |
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How long does it take for my withdraw to get cleared? The site said there was no funds in the hot wallet
Typically we refill the wallet within a couple hours if either lightlord or I are up, however there can be times there are ~8 hour or so delays if we're both unavailable. I'm refilling it now. Could a mod let me chat without meeting the betting requirements please. Same name as on here. I know the rules not going to beg ect ect.
Select the regular user chatroom, only VIP has the requirement. |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
all sites basically work the same way , they take their cut whatever the results is which means that the site will take the fee if the bets were won or lost it's strange that one player was able to take the profits that took one year for investors to achieve , I do believe in variance but it's really strange lol The profit made over the first year was with a much smaller bankroll. Our bankroll doubled in size in the past 2 months, along with 1/3 of the betting volume being in that period as well. This resulted in a major increase in variance. |
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Betking do not do it like that...
Seems strange that the site as of right now has only made 5 Bitcoins in total for the investors (from your charts) over the life of the site.
Has to be a serious problem with the site and/or the way the leverage is being done with regards to the bankroll.
We've had N8snathan, a massive whale slamming max or near-max bets for the past few weeks and he's on a winning streak now. He brought us up from 48 to 69.5 profit, and now due to his luck has brought us down to 5. |
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What commission rate does the site take on each bet?
I noticed Bitvest does not take a share of the profit but actually on every bet?!
AFAIK satoshidice, bitdice.me, betking, all take a per cent of the bet. my estimates plinko : 0.55% dice : 0.25% slots : 0.595% bitspin : 0.595% roulette : 0.9% Mostly correct, except roulette is 0.87%, and Slots and Bitspin are 0.55% |
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WOW this was fast you guys follow my request. Thx to sparked and of course Seuntjies. Maybe i will now send a few Coins to you although I said I will not do it any more after that what happens. But i must Seuntjies give it a try and will of course make a bug report as always Sparked wasn't involved in this, only Seuntjies and I (Sparked is the head of the moderation team, and large contributor making tutorial vids, etc., but not a Bitvest Dev) But yes, DiceBot will be working on our site, including both Bitcoin and Token betting, allowing everyone to use the best auto-bet tool out there on Bitvest  Along with all the other great features such as a live chart showing your profits, and withdrawals and deposits (even in altcoins!) all within the easy-to-use DiceBot UI. |
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We've listened to your feedback, and improved our dice!
We have increased the RTP to 99%, increased the profit limit by 25%, and added hotkeys!
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Congratulations to all our players for winning a total of over 5,000 Bitcoins!
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Congratulations to our first big winner on dice!Sporklin placed a bet of 2.24682499 on >= 21.0000, and rolled a 37.7640, winning 2.79573287 BTC for a profit of 0.54890788!
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The bonuses are free of any requirements, aside from having a VIP account (0.01 total bet) for the dice quest bonus.
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Bitvest Anniversary, Dice Release, and More!
| | | | Celebrating Our First Year
It has been a fast-paced and exciting year for all of us at Bitvest, growing from a small bankroll of under 30 BTC to hundreds, having just a few games played per minute to over 45,000,000 in total within a year.
Seeing our investors' profits grow all the way to over 60 BTC, most of it in our most recent and most exciting month ever. In total we've had 47,210,732 games played, 106,300,552 bits dropped, 4,939.08 BTC bet this year and made our investors 60.92 BTC in profit.
To celebrate such an outstanding year, we're holding a massive celebration all week long, featuring bonus rain, trivia, and more. We'll also be including an event to feature our newest released game! |
| Dice is Finally Here!
Introducing our most anticipated game yet, Dice! As part of our goal to bring you the best, we're bringing a favorite of many to Bitvest. Our newly added dice game is an easy-to-use mobile friendly interface, which will be easily enjoyable for all!
To celebrate our anniversary, we'll also be having a week of dice only quests with 500% the regular reward! We'll also be running an additional event paying out 5 million tokens to the first user to roll 77.77XX with a bet of 0.00010000 or higher. Additionally, our faucet will be running at 500% payout today! | | | |
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Just 6 more hours to go  |
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