Is the autoroller going to be usable on this as well?
Yes  Awesome! This is a huge addition. I've tried to mimic dice using Plinko but it fails, to a great extent. Great to see a native version coming. 6 days! |
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Coming Soon: Bitvest Dice
 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. Featuring an easy-to-use highly mobile-friendly interface, our dice will be easily enjoyable for all! To celebrate our launch, we'll also be having a week of dice only quests with 500% the regular reward! We will be releasing Dice on our anniversary, October 26th. Please feel free to ask any questions you may have, Good luck and have fun everyone! Is the autoroller going to be usable on this as well? |
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What happens when it's time for a payout and there isn't enough to pay someone yet?
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly. It's an interesting situation. The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds. It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high. Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set. I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk. The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway! Actually had this discussion with someone a couple days ago. The issue with variable kelly is some (dare I say most) are going to go max. because the risk of ruin is still low, so those who wouldn't go max. end up doing it so they won't be diluted. It's a vicious cycle. And this is coming from someone who absolutely, 100%, every time goes max. I trust the math in the long run. |
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Hi Seuntjie, as i reported on last Rollin.io chat, i'm still experiencing long breaks when b etting. In details, after a long strikes of reds, afetr the first win the bot goes ina sort of break, and restart without any human action after 30 seconds. You suggested to put the bot speed to 1,25 but didn't works. I installed older versions, then last version and the problem is still here..... I've tried to roll with Bitsler, Primedice and Satoshidice account through bot and no delays experienced...then i suppose the problem is with Rollin.io That's all  Did you have to do anything special to log into Rollin, btw? I tried logging in/out of the site, clearing cookies, etc. and it still throws an instant rejection message when I try to log in through the bot. Hi ranlo, that happened to me last week, when Rollin was hit by a massive Ddos attack (increased protection by cloudflare and captcha for login deny acces from bot) I've tried just now and the bot log-in easily without any problem. Cloudflare has been causing issues in certain areas, and on certain VPN and VPS services and require the user to fill in a captcha to access the site. Obviously, the bot can't solve a captcha so the login fails. At this time, I don't have a work around or for that matter any idea how I'm going to do a workaround. Edit: Actually, I never implemented my CF workaround for rollin, so if any kind of CF protection is active, it just instantly fails to log in. Hey, wanted to say it worked this time! A possible work-around... I don't know how it's TECHNICALLY done but jdownloader has a system where it pulls the captcha window (I assume the API call) and opens up a new window within their app itself, and when you fill it out, it just submits that back to the site. Not sure technical specifics but may be worth looking into. |
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Hi All, I'm sorry to bring some sad news to the crypto community. My friend and Head of Coin2. KingArbinV , has passed away. I just found out this morning.
He was only 31 years old. Not sure what happened. I Talk to him all day everyday on Facebook. He went quiet Monday, and I didn't think much of it.
Sometimes he just sleeps long periods of time. Since he sometimes pushes himself and stays awake for long stretches. I was about to message him when I opened up facebook
saw an image of him as a kid, posted by his Dad. My heart sank! 
His real name is Brian, and my friend. Rest well now KINGARBINV! -zyronx aka Chad Crypto I'm sorry to hear that, man. I wasn't close to him on a personal level, but am very familiar with who he is. I'd argue that he was a big part of the push towards HYPER's success, as well, through the C2 platform. Sucks to see him taken away from us so early. |
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Hi Seuntjie, as i reported on last Rollin.io chat, i'm still experiencing long breaks when b etting. In details, after a long strikes of reds, afetr the first win the bot goes ina sort of break, and restart without any human action after 30 seconds. You suggested to put the bot speed to 1,25 but didn't works. I installed older versions, then last version and the problem is still here..... I've tried to roll with Bitsler, Primedice and Satoshidice account through bot and no delays experienced...then i suppose the problem is with Rollin.io That's all Did you have to do anything special to log into Rollin, btw? I tried logging in/out of the site, clearing cookies, etc. and it still throws an instant rejection message when I try to log in through the bot. |
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There's this X factor that you can't really confirm, or maybe even more than one variable that you have no control over, plus any number of things that can go wrong, or you simply won't have the traffic or volume that you need. What I am saying is that there is something out there that can make or break your venture.
Business is a gamble. Good business people have a decent business plan, yet they can still fail. Gambling websites are more of a gamble especially in this bitcoin world. You need players to trust your site and you. And since you are accepting bitcoin you'd need to either have very good explanations of how the game operates or some formula that is easily verifiable, such as a provably fair method.
If you go with the softswiss games, although I am NOT familiar with any of their games, I am willing to bet NONE of them are "provably fair", and with that, you are not going to get ANY players from this forum. You'll get them where all the other casinos are getting them, somewhere out there, poker forums, or marketing and advertising on other websites.
As for risk versus reward, you already know that (or you should). Low risk, low reward. High risk, high reward.
If you're asking advice about how to operate a "normal" non-bitcoin casino running on softswiss software or platform, you're in the wrong forum. Merely accepting bitcoin does not make your casino a "bitcoin" casino that isn't considered "traditional".
Any game that involves dice, decks of cards, or coin flips MUST be provably fair. Or as close to it as possible.
As for your "set aside some money", that's where you can contract with one of many bitcoin escrow "agents" here. There's a handy list in the "Service Discussion" subforum.
Bitcoin Forum > Economy > Marketplace > Service Discussion > Bitcointalk Escrows - Trade Safely!
What will happen is your investors send money to the escrow and he holds this money and dispenses it as the investors wish or according to some form of consensus between them and you, and payment goes directly to whoever needs to be paid. GPG comes in handy here, as well as some basic knowledge of how bitcoin works.
You'll want one who is trusted, has handled more money than you are asking him to hold, either collectively or at any given time, and has some experience with gambling, both as a player and as an operator. Escrows do not guarantee that businesses or equipment will be profitable, they only guarantee that the funds go to where they should go, and buyers and sellers (in the case of trading) are satisfied with their transactions.
See, if the money is not in escrow, then what is to stop an investor from pulling out? Unless it is allowed in the terms of investment, you don't really want 100 BTC being funded, and then a few of them decide they don't like it anymore and your funds drop to 10 BTC. (Or below what you need to even start it out.) It's also a risk they have to be willing to take.
P.S. The last guy on that list will charge you a 5% fee, that list is not updated often.
Thank you for the idea on the escrow services which I already had that in mind before but I was afraid that the escrow might try to steal the money due to it being a pretty decent amount or not being reliable enough to send the money to the people who need to be paid when he/she should. Also according to Softwiss their games are provable fair and that's another reason why I wanted to go with them because I don't know if the custom game developer can do provably fair for the same price so it would be all around better to use Softswiss in my opinion. Softswiss isn't provably fair, it's verified by a third party. Players can't verify rolls. |
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New account? Check.
Unbelievable offer? Check.
Seems legit.
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But with that said I would like to ask what exactly would the potential investors in this situation like to see? What exactly would you guys want or need from me in order to invest like how much equity and such would you guys want to make it worth your investment?
Personally I am not willing to invest at all for the reasons outlined in my previous comments. Another problem that has been mentioned but not really addressed is the counterparty risk you pose. Plainly speaking, counterparty risk is the risk that you run away with the money or otherwise don't honor the contract. It is unlikely that anything you say or present–even a fleshed out business plan–will convince me otherwise. The problem I'm having is that you are wanting 100% equity in this which I understand because you would be putting up most of the money but if I were to give 100% equity to the investors then what would be in it for me at that point? Because then I would be working to promote and manage a business that I have no part in.
That is my point: It's a bad deal. You have little to offer investors and consequently investors have no reason to give you any equity. Okay first off I cant really change your mind about the risk of me running of with the money because like you said there isn't anything I can do to change your mind about it. But as for the equity its not a bad deal I mean I would be the one running the business, helping customers, dealing with the developer, coming up with the ideas for the business, and many other things so why would I not deserve equity including the fact that it would be my business that I'm the one starting up in the first place. So I don't understand where you get off thinking that I don't deserve any equity in a business that I am creating and running. Yes I understand the investors will be putting up the money but that's with all companies that have investors but the founder still has equity because he/she would be the one building the business and running it every day and the investors I understand would be taking a risk but once the business gets going then they just sit back and watch their investment make returns every month for as long as they hold on to the shares of the company and the founder would be working every day to make sure those investors can watch their investment grow and make returns. Without the founder there wouldn't even be a business for them to invest in and make money and they don't even have to do anything labor wise all they have to do is like I said put up the initial amount of money and they get to see their money grow from there. So please tell me one instance where a founder of a company gave up all of his equity in the business to the investors because the investors were the ones who put up the money to let the business get started. If you can show me that then I will rethink how I am doing this but it just doesn't make any sense to me why I or any business owner would go through the trouble of starting a business and running it without being compensated. To chime in on this myself, I disagree with MartinL's view of the situation. If you can prove that you can handle the business (business plan is the largest part of this) and can work with investors to negate the fear of "running off," I absolutely agree that you should be getting equity. There's a lot of value in being a silent investor and allowing someone else (knowledgeable) to handle the business side of things. If you work in the business, you definitely need compensated for doing so, and equity is the most beneficial for you because it directly correlates your earnings with your ability and success. |
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If there are any codes left, I'd love to give this a go, . |
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Username: CryptoPlace
Thanks!
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I feel like I should preface my comment by stating that I do not wish to dissuade or discourage you from your implementing your idea. Taking initiative is more than most people ever do and your enthusiasm is admirable as well. But your expectations are unrealistic. Consider it tough love. What terms are not good? I already said that I decided to give 50% equity instead of 25% and they don't have to sell it back in time. I mean how much equity do you want? And please don't say that you should get 100% of something because your putting up most of the money because there are a lot of companies that startup based off of investors money but the investors only get roughly 50% so its not like just because your putting up the money you should get it all because I have a lot of work I must do as well just like the other companies founders have a lot of work to do in order to build up the business and make it successful.
If I had to invest in your venture I would indeed want close to 100 % of the equity. Startups that receive external funding bring more to the table than merely a poorly thought out idea. Frankly I do not see you offering anything of particular value: - You cannot program the game.
- Ostensibly you do not know how to market the game.
- You have no experience in the gambling sector aside from being a gambler yourself.
- You have no experience running a business in general.
Yet you want half of the equity, which is worth roughly $30,000. What exactly do you offer that warrants so much money? Why should an investor give you money when he could hire a developer himself and keep all of the equity? Since you do not seem to have any relevant qualifications, virtually any other person would be equally qualified or better. Also about the experience thing, What exactly are you saying I don't have experience in? If you mean Bitcoin Gambling then no I do not have experience in it besides just playing them but how do you believe people get experience? they have to do it in order to get the experience. in fact I would be personally more worried about investing in someone starting a new bitcoin casino that already does have experience owning a bitcoin casino because that means they already had one and they failed so why would you invest in someone that's already failed than invest in someone that hasn't? I'm just saying that the only way people can get true experience is by actually doing it and they cant do it unless people (like the investors) give them the chance to do it.
I believe you do not have much relevant experience at all (see above). You have some misconceptions about failure: In my experience, the majority of successful entrepreneurs have at least some history of failure behind them. Perhaps it is required to gain the necessary experience, perhaps it is just a matter of luck. In any case there is no shame in failing provided one learns from it. That being said, you are not competing only with inexperienced or failed entrepreneurs. Successful entrepreneurs often do not stop after one venture. They move on to other projects that may also require external funding. All other things equal, a reasonable investor will prefer someone experienced. Investors are not altruists–at least not in the context of investing. They are not responsible for giving you the chance to gain experience and they do not care about you unless you offer them something of value. You were given lots of valuable advice in this thread. Whether you act on it or continue to dream of an investor just handing you $60,000 to play with is up to you. Okay first off I do want to state that I do have business experience since I do run a coin business in my local area where I buy and sell coins. But of course that's not a popular thing that makes lots of money so I cant really use my money from that business to go into a casino so that's why I am asking for investors but for the record I do have experience running a business and so do a lot of my family members. But with that said I would like to ask what exactly would the potential investors in this situation like to see? What exactly would you guys want or need from me in order to invest like how much equity and such would you guys want to make it worth your investment? For most of us, it would be an actual, legitimate, fleshed out business plan. Not one-liners, and not a paragraph. A real one will be a somewhat significant length (I think the shortest one I've seen so far that actually covered all the bases was around 25-30 pages). Not only does that help the potential investor get a better understanding of your business, but it helps YOU show that you know your business. MartinL refers to your lack of experience in this sector, and that is exactly what the business plan is designed to help prevent: in writing it, you do research, you show your prowess in determining your pros and cons, your potential issues, risks, growth potential, etc. "X site on average earn $y" is irrelevant -- there are well over 100 casinos that failed for every 1 that was successful. Making a claim like that is like saying "Holiday Inn is a multi-billion dollar company, as is Hilton, so I should be able to make at least a billion," while ignoring the literally millions of failed hotels. |
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What is the value in BTC of the watch?
Hi, hopenotlate, the value of the Movado Timepiece is ~1.5BTC.
Cheers!! ●‿●
Im probably not the only one waiting to see where top spot is closer to month end. Nice movado if current top volume stays the same this is in my range. You're definitely not the only one. The current leader is essentially equating to a 1% betback, which is massive (and is equal to the house edge, essentially making it a 0% HE). |
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Dragon Knights of Valeria has now been updated to Dragon Knights of Valeria 2. This immediate upgrade was unplanned and hopefully will fix the issue I had with my server yesterday.
Some stuff is not complete and some stuff doesn't work yet so please be aware that DKV2 is still technically in Alpha stage so if you find a bug please report it immediately.
Registration is currently disabled for DKV2 and I hope to have it activated today.
Market orders from DKV are still there and after the registration code is complete I will code in a page that will allow you to cancel your old market orders.
Awesome new addition to the game, now we can stake coins under Crypto Menu - Vault menu...nice, I`ve just locked 80 HYPER to see how it works..nice addition, really..  This is HUGE. I may end up having to take this path myself. The local wallet cripples my system every time I run it (RAM usage and other issues). Sent my coins elsewhere yesterday for staking but will see how it goes. May end up using DK to do it, . |
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Their are lot of strategy in bustabit which are good for short term but when going for long term straight without giving break will be in loss at the end. So that is why it is said that run the script in short time and always watch the script running so that if you can see any red train is running that time u can stop the script.
I have got more then 3 scripts which i have tried and runned for short time and earned it.
This is gambler's fallacy. In a provably-fair situation, it doesn't matter WHAT the last result was. Running a script for 5 minutes, then waiting a day and doing 5 minutes, then waiting a week and doing 5 minutes is 100% identical to 15 minutes straight. This is mathematically proven; no script is going to magically change how math works. |
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20 days minting and 100% probability but still nothing. I am actually losing 25k and I dont know why? I hate this minting thing why can't it just do it like the other pos coins do where it stakes every few hours. Waiting so long is horrible.
The point behind this, as far as I understand it, is to keep exchanges from staking everyone's coins out of greed. This essentially disables them (to a large degree) from being able to do so. |
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Waiting for next update .
I think this is their latest update start staking Victoriouscoin This Group Is Exclusively Belongs To Vip Members Of Victoriouscoin with more than 5 Million Victoriouscoin.. Holders will receive $100 to $1000 worth of Freebies Like E-books,Courses ,Softwares and entitled to all our Victorious products and services .. They will also receive 3% Victoriouscoin interest added automatically to their wallet every month https://www.facebook.com/groups/1279364102087228/This part confused me. So you get 38% PoS PLUS another 3%/month (40% or so per year) on top of that? |
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My business plan is not necessarily written out professionally but it still states all of my plans and such for the business.
I will need at least 100 Bitcoin to get the casino started and have bankroll. I got an estimate of roughly 20 Bitcoin for the building of the custom Bitcoin Casino website which includes all of the things needed to run an online Bitcoin Casino, five games or more depending on how complex the games will be, and technical support from the developer if needed. I estimate the cost of server hosting to be two Bitcoin a year based off of what the developer stated about server hosting packages. I also estimate the cost of promotions and advertising to be 10 to 15 Bitcoin or so. Which all of that comes out to be roughly 32 to 37 Bitcoin, plus the cost of bankroll, Miscellaneous costs, and to have some Bitcoin set aside in case something comes up and it is needed. I plan to advertise on Bitcoin forums, websites, Facebook, possibly Google Adsense if I can figure out how to do so which I haven't looked into that yet, and other miscellaneous places to advertise on. as far as revenue goes I have done some calculations on the number of online Bitcoin Casino and how big the online Bitcoin gambling industry is and I came to the conclusion that averaged out each Bitcoin Casino has done roughly 10,416.67 Bitcoin per year worth of gambling and with a 1% edge that would be roughly 104.67 Bitcoin per year in profit minus the operating costs. Which I except the casino to do around that much within a year or two. I can't think of what else to post about for expenses and revenue but if you guys have any specific questions to ask please do so.
My business plan is not necessarily written out professionally but it still states all of my plans and such for the business.
I will need at least 100 Bitcoin to get the casino started and have bankroll. I got an estimate of roughly 20 Bitcoin for the building of the custom Bitcoin Casino website which includes all of the things needed to run an online Bitcoin Casino, five games or more depending on how complex the games will be, and technical support from the developer if needed. I estimate the cost of server hosting to be two Bitcoin a year based off of what the developer stated about server hosting packages. I also estimate the cost of promotions and advertising to be 10 to 15 Bitcoin or so. Which all of that comes out to be roughly 32 to 37 Bitcoin, plus the cost of bankroll, Miscellaneous costs, and to have some Bitcoin set aside in case something comes up and it is needed. I plan to advertise on Bitcoin forums, websites, Facebook, possibly Google Adsense if I can figure out how to do so which I haven't looked into that yet, and other miscellaneous places to advertise on. as far as revenue goes I have done some calculations on the number of online Bitcoin Casino and how big the online Bitcoin gambling industry is and I came to the conclusion that averaged out each Bitcoin Casino has done roughly 10,416.67 Bitcoin per year worth of gambling and with a 1% edge that would be roughly 104.67 Bitcoin per year in profit minus the operating costs. Which I except the casino to do around that much within a year or two. I can't think of what else to post about for expenses and revenue but if you guys have any specific questions to ask please do so.
May be worth considering a launch on the MoneyPot platform. You'd have instant access/backing by around 900 BTC, and you'd be earning half the house edge of each bet whether players win or lose. Would also be easier to get a site up, I think, being that the API is already set up and ready for integration. I just looked at it but I am guessing that I would still need to hire the dev to make the games and stuff or would moneypot be able to do this for me? You'd still need a developer. Getting hooked into the API would be a lot easier than doing it yourself, though, and you wouldn't need to worry about the security of your funds (since MP handles it). Along with this, you'd instantly have 900 BTC players can win from, rather than a much smaller pool. And guaranteed profit on every bet has its merit. |
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My business plan is not necessarily written out professionally but it still states all of my plans and such for the business.
I will need at least 100 Bitcoin to get the casino started and have bankroll. I got an estimate of roughly 20 Bitcoin for the building of the custom Bitcoin Casino website which includes all of the things needed to run an online Bitcoin Casino, five games or more depending on how complex the games will be, and technical support from the developer if needed. I estimate the cost of server hosting to be two Bitcoin a year based off of what the developer stated about server hosting packages. I also estimate the cost of promotions and advertising to be 10 to 15 Bitcoin or so. Which all of that comes out to be roughly 32 to 37 Bitcoin, plus the cost of bankroll, Miscellaneous costs, and to have some Bitcoin set aside in case something comes up and it is needed. I plan to advertise on Bitcoin forums, websites, Facebook, possibly Google Adsense if I can figure out how to do so which I haven't looked into that yet, and other miscellaneous places to advertise on. as far as revenue goes I have done some calculations on the number of online Bitcoin Casino and how big the online Bitcoin gambling industry is and I came to the conclusion that averaged out each Bitcoin Casino has done roughly 10,416.67 Bitcoin per year worth of gambling and with a 1% edge that would be roughly 104.67 Bitcoin per year in profit minus the operating costs. Which I except the casino to do around that much within a year or two. I can't think of what else to post about for expenses and revenue but if you guys have any specific questions to ask please do so.
My business plan is not necessarily written out professionally but it still states all of my plans and such for the business.
I will need at least 100 Bitcoin to get the casino started and have bankroll. I got an estimate of roughly 20 Bitcoin for the building of the custom Bitcoin Casino website which includes all of the things needed to run an online Bitcoin Casino, five games or more depending on how complex the games will be, and technical support from the developer if needed. I estimate the cost of server hosting to be two Bitcoin a year based off of what the developer stated about server hosting packages. I also estimate the cost of promotions and advertising to be 10 to 15 Bitcoin or so. Which all of that comes out to be roughly 32 to 37 Bitcoin, plus the cost of bankroll, Miscellaneous costs, and to have some Bitcoin set aside in case something comes up and it is needed. I plan to advertise on Bitcoin forums, websites, Facebook, possibly Google Adsense if I can figure out how to do so which I haven't looked into that yet, and other miscellaneous places to advertise on. as far as revenue goes I have done some calculations on the number of online Bitcoin Casino and how big the online Bitcoin gambling industry is and I came to the conclusion that averaged out each Bitcoin Casino has done roughly 10,416.67 Bitcoin per year worth of gambling and with a 1% edge that would be roughly 104.67 Bitcoin per year in profit minus the operating costs. Which I except the casino to do around that much within a year or two. I can't think of what else to post about for expenses and revenue but if you guys have any specific questions to ask please do so.
May be worth considering a launch on the MoneyPot platform. You'd have instant access/backing by around 900 BTC, and you'd be earning half the house edge of each bet whether players win or lose. Would also be easier to get a site up, I think, being that the API is already set up and ready for integration. |
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