Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013

[vlees]

What happened here?

[xkeyscore89]

What happened here?

I saw that several times using firefox, haven't seen it in chrome, think it's a bug.

[vlees]

This is Chrome (as can be seen by the FPS meter in the upper right)

[xkeyscore89]

This is Chrome (as can be seen by the FPS meter in the upper right)

ah, sorry, didn't notice the meter.  So, did you invest?

[CasinoBit]

So withdraw has been sitting on zero confirms for the past 7/8 hours.   Bit odd.   The whole thing is a bit clunky.

Can we get the txid?

This is Chrome (as can be seen by the FPS meter in the upper right)

Weird never had the issue, I will look into it.

[Hfleer]

I've tested out the betting with deposit here a bit.  It seems you have to rush if you want to get multiple bets on one roll.  Would be nice if you could queue several bets and then release them as live when you're done picking.  Also with the current interface it's not easy to bet an amount of your choosing.

[faiza1990]

So withdraw has been sitting on zero confirms for the past 7/8 hours.   Bit odd.   The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

[CasinoBit]

So withdraw has been sitting on zero confirms for the past 7/8 hours.   Bit odd.   The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

Please PM me if you have any issues.

[dxxw]

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

[CasinoBit]

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

Not sure if sockpuppet or not,

PM or write to support if you have any issue, posting on here won't help.

EDIT: Ah, got support emails and PMs, I spy with my little eye people using BTC-E and other services to send BTC that they cannot receive back.

[Zaih]

Calling Ponzi on this  

[CasinoBit]

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

Not sure if sockpuppet or not,

PM or write to support if you have any issue, posting on here won't help.

EDIT: Ah, got support emails and PMs, I spy with my little eye people using BTC-E and other services to send BTC that they cannot receive back.

Who me?  Don't think so mate.  As I stated.  I've PM'd you.

Yes I wasn't talking about you, seems that you've also got a transaction with 0 fees, I take it you've missed the message below the buttons telling you to wait for 25 confirmations.

[Hfleer]

So withdraw has been sitting on zero confirms for the past 7/8 hours.   Bit odd.   The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

This is most likely being done on purpose, along with the whole 25 confirmations for "security" thing.

[pedrog]

So withdraw has been sitting on zero confirms for the past 7/8 hours.   Bit odd.   The whole thing is a bit clunky.

Can we get the txid?

I also made a withdraw, I noticed no transaction fee was included, however, transaction received first confirmation after 10 or 15 minutes.

[001sonkit]

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

Meanwhile, I've contacted some investors of CasinoBit, just to confirm that not only I am getting some off the EV amount profit.
For example for vlee who have deposited 6BTC, he went up to 26BTC in one day while only 40BTC was won in since the day he started the investment

I can confirm that the data is completely incorrect. I just woke up, noticed that the site's winnings were only up 40BTC since yesterday and with my 5% investment that should result in 2BTC winnings. I went up from 6 to 26.

Tried to withdraw IMMEDIATELY. Site suddenly very unresponsive.

Another guy I have met on Just-dice, who have invested a similar amount also found surprised about the off the EV value he is getting and would like me to investigate with him. (I referred him about this CasinoBit investment thing)

A few hours ago this day, after getting the data and realized that CasinoBit is having a weird calculation. And I have been observing the invested amount quite often since the first day i deposited into CasinoBit. I've observed that the profit amount sometimes changes even there is no games sealed in the roulette table. As a consequence I have conducted an experiment with the mate i met in Just-Dice.

The following is the procedure to proof that CasinoBit is an HYIP scheme (aka. Ponzi)
First we've confirmed the balance in both of our invested account. In my account, there was 7.98BTC, and in my mate account, there was 30.4BTC, in which is 7.28% of the house at that moment.
The second step is divesting, I've divested my account fund and requested him to reload his invested page, now his balance is only about 29.82. From the calculation of 7.98*7.28%=0.58, we can now know that CasinoBit investment system's Invest and Divest action is directly related to the profit everyone is getting.

To conclude, we can see that CasinoBit's current alglorithm is including investment as a PROFIT, in another words. When some other people is investing, you will result in profit, vice versa for a divest, you will result in a loss

If you have doubts on my words and experiment, please consider find someone else who haven't divest and test this out. With the current situation, in which the invested amount is relative to the profit amount, we can now define this is an HYIP + Casino investment, a.k.a: Ponzi

And by the way

Promise of high yields + promise of no risk = (likely) PONZI

Investor beware...

You got it right actually!

First to finish reading the message and press the divest button to withdrawl, you will be the winner
Who doesn't like meme anyway

[CasinoBit]

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

[🏰 TradeFortress 🏰]

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

Invested coins are not winnings.

If investments are paid to depositors, it is a ponzi / pyramid.

[vlees]

To anyone that doesn't believe 001sonkit:

Go to the history tab and analyze the bet data yourself. The numbers don't add up anywhere near the payout you're currently getting.

[vlees]

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

Invested coins are not winnings.

That is a wrong statement. If you were a scammer at least, because for scammers invested coins are indeed winnings.

[Boelens]

Also, this is in their TOS :
20. Casinobit is a social experiment using the dummy currency "Bitcoin", Casinobit shall not be liable to ANY damages that have occured as the result of your use of the Site.

I'm not really good at this, but isn't that slightly worrysome, or is that just saying they're not liable against anything going wrong with bitcoin?