always worth to try , nothing business have a free-risk. so far i didn't yet see there is bitcoin gambling site closed due to bankruptcy or something similar. most of them in profit especially a -EV games , no wonder there is very few games based on player vs player , would you take this challenge? to open a PvP game like PvP blackjack? goodluck btw.
If this works out in a way that I can actually call my earnings or general gain noteworthy then I would be happy to further improve and extend the whole site.
There are many things I'd like to code.
Just by reading your post it sounds like it should be profitable even with a small house edge as long as you set a minimum max profit/payout to reduce damage to the house/bankroll. I want to know when do you plan to launch your casino? I'm interested in playing new games.
I definitely plan to launch the website as fast as possible! Sadly I can't estimate the time it will take at all. I'm dealing with a few things which are new to me and since I've never had to deal with them I don't know what expects me
Stuff like setting up fullnodes and getting them to interact, even under pressure. Or getting all the security measurements for transactions and the server itself done.
I hope to have everything done within the next few months.
If you feel that your gambling site able to compete , why not ?
Bitcoin gambling industry that love lasting still have low amount compare real life gambling industry. Just make sure that you can hire the honest and great people to handle since my experience taught me, good gambling site doesn't guarantee that they can long lasting instead they scam in the end
For now I don't think I need to hire anyone.
What exactly do you mean with scamming? In the games itself? Because that's what I'm going eliminate with 'Provably Fair'
I'm sure operating a bitcoin gambling site is very profitable but unless you're a very early adopter it's probably too late for you now unless you have a lot of money.
You're going to have to be able to afford to pay every users wins, if they win big can you pay them?
There are a few ways for me to handle big wins, the most brutal one would be to sign a contract with the company I work at, basicly partner them, I'll probably decide when the website is near to be done.
I think this will depend on your skills and the money you have to invest in the business. If you have few programming and website design skills, you will probably have to hire more people who can help you, and this will increase the cost. If you already have good skills, this can lower costs, but it is important to consider expenses with marketing.
As stated before I don't plan to hire anyone, this will be a one-man job.
I'm coding Websites for about 6-7 years now, mostly backend tho, so the frontend will probably take a little longer.
The marketing will be something I will also take a look at later, I have some plans already.
