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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.
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What would have ruined Bitcoin is that an attacker used existing technology (ASIC) to 51% the network. ASIC actually made the network more secure. When the price was lower it was easier to mine bitcoins but interest was lower. Now the price is higher and so is the difficulty since everyone is sharing the same pie and interest increased.
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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%.
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The hash rate can't possibly increase by 50% per month forever. it would require exponential growth in the hash rate.
[...]
how does no one realize this?
all the people posting calculators showing this hashrate increasing at 90% per month and extrapolating a constant increase are not taking this into account.
It does not have to grow exponentially forever. It only has to grow 60% every month for 12 months to make the Monarch unprofitable (per PuertoLibre's estimations)... And 12 months of exponential growth starting today is realistic. In the past, we saw a 100% growth per month for 18 contiguous months between Jan 2010 and Jun 2011. However I think nobody can tell for sure whether the Monarch is going to be profitable or not. Basically, assuming it ships in Jan 2014, if the average growth will be less than 57-58% per month it will be profitable, if it is higher then it won't be profitable. Well, if the Monarch is unprofitable, then so will all other mining gear currently being sold. So lets they just ship really late instead. Competitors will make better/faster/cheaper unit that actually ship well before BFL does. |
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What happened with coinlab suing of MtGox. Haven't heard anything about that for ages?
They bought back at $70 the bitcoins they dumped before the lawsuit announcement. |
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I guess you could hide the paper wallet private key separately from the BTC address.... Only the private key is needed to spend the bitcoin! The address is used to deposit and verify the balance. 2 of 3 paper wallet will add even more security when developed: https://bitcointalk.org/index.php?topic=139625.0Paper is the safest option imo. |
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Has anyone lost money yet? If not, then why not?
Lost 1 BTC betting on the 0 when trying to figure how to cashout.  |
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 Really? Why would it be PCIex16. I get the idea of making it PCIe so using standard motherboards to densely rackmount. By why PCIex16? Using a x1 slot would allow more cards per mother board. This is only a photoshop. Final product may differ from the picture. (Might be PCI-E X16 X2_lol at the end) |
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So much lie on this webpage. I don't know where to start. |
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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. |
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Difficile à dire mais je serais porté à dire que oui sur le moyen/long terme si tu achètes des LTC ou BTC avec. Par contre, c'est possible que ce soit plus rentable acheter des BTC directement avec l'argent. |
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 INSANE RATIO!  |
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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: Withraw about 63BTC out of about 43BTC investment. Site says I'm sitting on 85BTC
DDoS does not cause this, shoddy coding does. Not sure how you got this PM but the 85BTC is profit left on the site after withdrawal. |
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Investment is growing fast. Could be a well orchestrated attack to scare investors or people are really dumb.
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Everything is buggy right now, trying to load and keep hearing the godfather and when I try to withdraw some the bar moves but then the balance stays the same.
Never been able to withdraw with Chromium. Work with Firefox after 10-15 try. |
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