Zyborg
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July 30, 2014, 09:20:40 PM |
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Added. Thanks a lot CodyAlfaridzi!
You're welcome Why would any body take the risk and join this campaign? It's exactly the same as PD. He's going to have to either do something different or better PD's rates otherwise I can't see anybody joining this at all.
Agree, IMO there's no reason to choose the new one over Primedice. But strangely, there are many people who join the 2 other campaign (Lunamine and PocketRocket) that has the same rates as PD. Well, Lunamine lets you use your referral link for 5% commissions, PrimeDice has no affiliate program at the moment.
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Mitchell
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July 30, 2014, 09:21:09 PM |
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Will those 5 btc be enough though, considering this is a large campaign, and with higher rates than PD? Sure, there aren't that many users enrolled at the moment, but it should just be a matter of time until it gets full. The following post should answer that question: The OP and I have decided to check how many members have joined after a week and then calculate (based on assumptions) if we need to increase the escrowed amount. That should do for now.
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Zyborg
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July 30, 2014, 09:27:17 PM |
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Will those 5 btc be enough though, considering this is a large campaign, and with higher rates than PD? Sure, there aren't that many users enrolled at the moment, but it should just be a matter of time until it gets full. The following post should answer that question: The OP and I have decided to check how many members have joined after a week and then calculate (based on assumptions) if we need to increase the escrowed amount. That should do for now.
5 BTC Escrow is still a lot more than other new campaigns have provided. Shouldn't be a problem, good gesture from their side.
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Mitchell
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July 30, 2014, 09:30:39 PM |
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5 BTC Escrow is still a lot more than other new campaigns have provided. Shouldn't be a problem, good gesture from their side. XBTec offered higher rates and escrowed less (even if you multiply the escrowed amount by 4, because they only accepted 25 participants), so it should be all good.
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sed
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July 30, 2014, 09:33:18 PM |
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5 BTC Escrow is still a lot more than other new campaigns have provided. Shouldn't be a problem, good gesture from their side. XBTec offered higher rates and escrowed less (even if you multiply the escrowed amount by 4, because they only accepted 25 participants), so it should be all good. That's true, but xbtec's escrow was only for 1 week. So I see what you mean about multiplying by 4. I think you're right, it should probably be enough. About the rates, it looks like only the full member rate is higher than PD, looks like senior and hero members, the rate is equivalent,right?
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Mitchell
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July 30, 2014, 09:35:30 PM |
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That's true, but xbtec's escrow was only for 1 week. So I see what you mean about multiplying by 4. I think you're right, it should probably be enough.
About the rates, it looks like only the full member rate is higher than PD, looks like senior and hero members, the rate is equivalent,right?
PrimeDice pays:0.0012 BTC for Hero. 0.0010 BTC for Sr. 0.0006 BTC for Full. 0.0004 BTC for Member. DiceBitco.in pays:0.0014 BTC for Hero. 0.0012 BTC for Sr. 0.0007 BTC for Full. 0.0004 BTC for Member. So DiceBitco.in pays more then PrimeDice if you look at Hero/Sr and Full member rates.
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sed
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July 30, 2014, 09:42:26 PM |
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That's true, but xbtec's escrow was only for 1 week. So I see what you mean about multiplying by 4. I think you're right, it should probably be enough.
About the rates, it looks like only the full member rate is higher than PD, looks like senior and hero members, the rate is equivalent,right?
PrimeDice pays:0.0012 BTC for Hero. 0.0010 BTC for Sr. 0.0006 BTC for Full. 0.0004 BTC for Member. DiceBitco.in pays:0.0014 BTC for Hero. 0.0012 BTC for Sr. 0.0007 BTC for Full. 0.0004 BTC for Member. So DiceBitco.in pays more then PrimeDice if you look at Hero/Sr and Full member rates. That's cool. I'm really glad to see competition with PD on the pay to post plan.
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u9y42
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July 30, 2014, 09:59:10 PM |
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That's true, but xbtec's escrow was only for 1 week. So I see what you mean about multiplying by 4. I think you're right, it should probably be enough.
About the rates, it looks like only the full member rate is higher than PD, looks like senior and hero members, the rate is equivalent,right?
PrimeDice pays:0.0012 BTC for Hero. 0.0010 BTC for Sr. 0.0006 BTC for Full. 0.0004 BTC for Member. DiceBitco.in pays:0.0014 BTC for Hero. 0.0012 BTC for Sr. 0.0007 BTC for Full. 0.0004 BTC for Member. So DiceBitco.in pays more then PrimeDice if you look at Hero/Sr and Full member rates. Actually, they also pay more for Members: 0.0005 btc per post. You should probably change the overview in the OP as well. Regarding the escrow, you're right, I hadn't noticed just about everyone else had asked the same thing (just recently got here).
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Mitchell
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July 30, 2014, 10:04:26 PM |
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Actually, they also pay more for Members: 0.0005 btc per post. You should probably change the overview in the OP as well. Regarding the escrow, you're right, I hadn't noticed just about everyone else had asked the same thing (just recently got here). I must have missed that! Updating now. Thanks for telling me! EDIT: Done.
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| | | . Duelbits | | | ▄████▄▄ ▄█████████▄ ▄█████████████▄ ▄██████████████████▄ ▄████▄▄▄█████████▄▄▄███▄ ▄████▐▀▄▄▀▌██▄█▄██▐▀▄▄▀▌███ ██████▀▀▀▀████▀███▀▀▀▀█████ ▐████████████■▄▄▄■██████████▀ ▐██████████████████████████▀ ██████████████████████████▀ ▀███████████████████████▀ ▀███████████████████▀ ▀███████████████▀ | | | | | . ▄ ▄▄▀▀▀▀▄▄ ▄▀▀▄ █ █ ▀▄ █ ▄█▄ ▀▄ █ ▄▀ ▀▄ ▀█▀ ▄▀ ▀█▄▄▄▀▀ ▀ ▄▀ ▄▀ ▄▀
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chadwickx16
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July 31, 2014, 02:41:17 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
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Sutters Mill
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July 31, 2014, 03:22:44 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
What do you mean? I'm really surprised people are actually jumping ship just for that little bit extra. I'd rather stick with a time and tested deal at least for a month before moving over. I know the guy has put some money in escrow but 5 bitcoins wont last long and there could still be problems with payments etc.
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madmat
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July 31, 2014, 03:26:10 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
What do you mean? I'm really surprised people are actually jumping ship just for that little bit extra. I'd rather stick with a time and tested deal at least for a month before moving over. I know the guy has put some money in escrow but 5 bitcoins wont last long and there could still be problems with payments etc. I agree with you. On the other side, places are limited, and limit should be reached very quickly.
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u9y42
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July 31, 2014, 03:37:30 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
What do you mean? I'm really surprised people are actually jumping ship just for that little bit extra. I'd rather stick with a time and tested deal at least for a month before moving over. I know the guy has put some money in escrow but 5 bitcoins wont last long and there could still be problems with payments etc. I and others had the same concern, but as bitcoininformation explained just a few posts back, they will evaluate how much more might be needed in a week's time, and increase the amount in escrow if necessary. Provided some care is given to updating it whenever needed, I see little reason to worry about it - and it's a 20% increase in rates (give or take), which is a nice incentive.
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madmat
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July 31, 2014, 03:42:11 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
What do you mean? I'm really surprised people are actually jumping ship just for that little bit extra. I'd rather stick with a time and tested deal at least for a month before moving over. I know the guy has put some money in escrow but 5 bitcoins wont last long and there could still be problems with payments etc. I and others had the same concern, but as bitcoininformation explained just a few posts back, they will evaluate how much more might be needed in a week's time, and increase the amount in escrow if necessary. Provided some care is given to updating it whenever needed, I see little reason to worry about it - and it's a 20% increase in rates (give or take), which is a nice incentive. For people involved in primedice, doing the switch now means they lose the posts they made from 17th to now. So for most of them, it is not a good time to switch. A best time to switch is after the payment (about the 19th), removing signature before payment is dangerous. I think on the 19th of August, dicebitcoin campaign will be full, so it is a sort of dilemna. Loose now and subscribe to win more in the future, or stay in primedice for security.
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chadwickx16
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July 31, 2014, 03:49:03 PM |
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I'm glad I waiting out Primedice for DiceBitco.in. Finally something that was close to FXO.
What do you mean? I'm really surprised people are actually jumping ship just for that little bit extra. I'd rather stick with a time and tested deal at least for a month before moving over. I know the guy has put some money in escrow but 5 bitcoins wont last long and there could still be problems with payments etc. What can I say, I'm a bit of a risk taker...
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jjc326
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July 31, 2014, 04:14:17 PM |
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Honestly I don't think leaving for Dicebitcoin is much of a risk as long as the funds are in escrow. Sure after the first payment if that OP doesn't want to do escrow again then YES that becomes a big risk as it's the first time they're doing it without escrow. It's like how updown paid weekly no problems and then they went monthly and paid everyone late and it was a hassle to get paid. Don't totally drop your guard just because an entity pays for one month.
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Sutters Mill
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July 31, 2014, 04:20:11 PM |
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Whether it's a huge risk or not is up to you, but he's only guaranteed the 5btc, and if he doesn't pay out for whatever reason those funds will be used to reimburse people, but they might not get what they were owed. I'm sure this wont happen but you never know.
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Mitchell
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July 31, 2014, 04:27:41 PM |
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Whether it's a huge risk or not is up to you, but he's only guaranteed the 5btc, and if he doesn't pay out for whatever reason those funds will be used to reimburse people, but they might not get what they were owed. I'm sure this wont happen but you never know.
That is a possibility. Next week DiceBitco.in and I are going to look at the members status to see if more money needs to be escrowed. And isn't it better to get some money, then nothing at all?
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Sutters Mill
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July 31, 2014, 04:29:34 PM |
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Of course, but that doesn't mean this is without risk nor is it a guarantee that you will be paid, but I'm sure everyone knows the risks with these deals by now.
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u9y42
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July 31, 2014, 05:18:39 PM |
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Whether it's a huge risk or not is up to you, but he's only guaranteed the 5btc, and if he doesn't pay out for whatever reason those funds will be used to reimburse people, but they might not get what they were owed. I'm sure this wont happen but you never know.
That is a possibility. Next week DiceBitco.in and I are going to look at the members status to see if more money needs to be escrowed. And isn't it better to get some money, then nothing at all? Well, for a maximum of 100 participants, and lets say, 300 posts per participant at an average pay rate of a Full Member (0.0007 btc), that only comes to about 21 btc you need to get DiceBitco.in to escrow, in order to ensure everyone gets paid.
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