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Author Topic: [Crypto-Games.net] Investment Returns, Updated weekly, Week 35, +27.96% in BTC  (Read 16343 times)
Twistedx2 (OP)
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August 06, 2017, 02:39:58 PM
 #81

Week 31 has been added!

This week my Btc investment saw a 0.47% increase.

This week my Eth investment saw a 0.11% decrease.

This week my Doge investment saw a 1.02% increase.

This week my Ltc investment saw a 0.92% decrease.

This week my Dash investment saw a 0.04% increase.

This week my Grc investment saw a 0.02% increase.

This week my XMR investment saw a 0.19% increase.

This week my PPC investment saw a 2.13% decrease.

  Provably fair DICE, SLOT, BJ, ROULETTE, POKER, PLINKO & LOTTERY 
CRYPT✪-GAMES.NET
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August 10, 2017, 05:22:30 AM
 #82

Does anyone know if BTC daily returns are the same percentage wise for all investors at crypto-games.net or they might differ from one investor to another? What does it depend on if they vary?
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August 10, 2017, 08:27:42 AM
 #83

Does anyone know if BTC daily returns are the same percentage wise for all investors at crypto-games.net or they might differ from one investor to another? What does it depend on if they vary?

It does not based on my understanding.

Your investment is basically a claim of a percentage of profits made on the house. The more you invest, the more percentage that you own of the entire casino bankroll. When someone loses or wins the profit or loss is distributed evenly across all investors, depending on how much you have invested. However, crypto games does take a small cut from the investment profits afaik. If thats wrong please correct me.

Does that makes sense?


Great stuff OP, making profits every single day, eh  Tongue

Smiley
Lutpin
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August 10, 2017, 02:16:16 PM
 #84

However, crypto games does take a small cut from the investment profits afaik. If thats wrong please correct me.
That's wrong, or rather it's not fully correct.
There's a factor of 0.7 applied to all bankroll movements, profits and losses, meaning the house takes 30% of the profits, but also carries 30% of all losses, should there be some.
Overall, the house is in profit, but the system is different from one where a site would simply take a cut of profits, as here the site also carries losses with its investors.

Does anyone know if BTC daily returns are the same percentage wise for all investors at crypto-games.net or they might differ from one investor to another? What does it depend on if they vary?
They are 100% identical.

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August 13, 2017, 02:45:44 PM
 #85

Week 32 has been added!

This week my Btc investment saw a 0.08% increase.

This week my Eth investment saw a 0.19% increase.

This week my Doge investment saw a 0.79% increase.

This week my Ltc investment saw a 0.21% increase.

This week my Dash investment saw a 1.72% increase.

This week my Grc investment saw a 0.55% increase.

This week my XMR investment saw a 0.13% increase.

This week my PPC investment saw a 0.14% decrease.

  Provably fair DICE, SLOT, BJ, ROULETTE, POKER, PLINKO & LOTTERY 
CRYPT✪-GAMES.NET
0.8% House edgeFast betsEight different coinsJackpotFaucet 1k-20.5kInvest
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August 13, 2017, 04:42:38 PM
 #86

All the cryptocurrencies have increased but mostly bitcoin price has increased. Appreciate the efforts for the statistics of bitcoin and other altcoins too.
Lutpin
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August 13, 2017, 06:35:20 PM
 #87

All the cryptocurrencies have increased but mostly bitcoin price has increased.
Investment profits are not related to rising exchange rates.
Of course, if your investment grows and the exchange rate grows at the same time, you're making profit through two things.

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August 14, 2017, 11:36:47 AM
 #88

Week 32 has been added!

This week my Btc investment saw a 0.08% increase.

This week my Eth investment saw a 0.19% increase.

This week my Doge investment saw a 0.79% increase.

This week my Ltc investment saw a 0.21% increase.

This week my Dash investment saw a 1.72% increase.

This week my Grc investment saw a 0.55% increase.

This week my XMR investment saw a 0.13% increase.

This week my PPC investment saw a 0.14% decrease.

I see the BTC investment increase by the meager 0.08% but their BTC profit chart shows increase by ~0.4% ( 899 BTC/895 BTC) for the week of 08/06-08/13. Does anyone know why the real returns don't follow the returns on the chart?
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August 15, 2017, 07:26:14 AM
 #89

Unfortunately after a year of enjoying both playing and investing on Crypto-Games, I have had an incredibly distasteful experience - let this be a warning for all investors out there.

Crypto-Games has set an arbitrary 12-day window to claim the Bitcoin Cash (BCC) associated with their investor's BTC investments. Having only read their blog post about it today, I wrote a polite email, apologizing for missing their deadline and asking for my BCC to be paid out. Their response:

"sorry but distribution is over, everyone had 3 weeks time to set it up and we sent two emails about it."

With regards to their two emails, the first email promised to pay investors their BCC and made no reference to any immediate deadline. To quote:

"Bitcoincash (BCC) is the name of a hard-fork off bitcoin's chain planned to happen on August 1st. We've previously promised to allow investors access to all resulting chains, and we will stick with that promise. CryptoGames is not going to list or support BCC, but we are going to pay out BCC to investors and players" (emphasis mine).

The only email they sent with a direct reference to the deadline was on August 8th, giving investors five days to set up a BCC wallet. And unfortunately in my case, this email was in my junk folder.

Regardless, not reading your blog posts or emails for a few days is not an excuse to steal investors' funds.

From reading this thread, I believe Lutpin is one of the developers. I'd like to hear from you on your policy.

1. Why do you think unclaimed BCC belongs to you after 12 days (and does not belong to your investors)?
2. On Aug 1st, Crypto-Games bankroll was approx. 1315 BTC. How much of this BCC are you keeping and how much was paid out to investors?

I'm hoping you are considering a change of policy and I will happily rescind the above if that is the case. You are a profitable and successful digital casino - there is no reason to treat people who have supported you unfairly. Retaining and refusing to release investors' funds directly assaults the goodwill you've built to date as a thus far legitimate and transparent casino.
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August 15, 2017, 07:42:57 AM
Last edit: August 15, 2017, 08:01:12 AM by Lutpin
 #90

From reading this thread, I believe Lutpin is one of the developers. I'd like to hear from you on your policy.
I'm not. My role around CG is purely consulting, thus I don't have any direct influence on decisionmaking.
I've currently not got the time or means to write a full explanation of the other side of the coin,
but I'll get back to you in a few hour with some insight on why and how certain measures were taken.

For now, please, stay calm. Nobody has any malicious intentions,
and I'm sure we can find a solution suitable for both parties.

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August 15, 2017, 07:53:24 AM
 #91

From reading this thread, I believe Lutpin is one of the developers. I'd like to hear from you on your policy.
I'm not. My role around CG is purely consulting, thus I don't have any direct influence on decisionmaking.
I've currently not got the time or means to write a full explanation of the other side of the coin,
but I'll get back to you in a few hour with some insight on why and how certain measures were taken.

Very well, my apologies for naming you then - I've only scanned the thread and did not know the extent of your involvement. Thank you for looking into this.

For now, please, stay calm. Nobody has any malicious intentions,
and I'm sure we can find a solution suitable for both parties.

You'll have to excuse me for being upset - the email response above that I received from support today did not seem very open to compromise.
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August 15, 2017, 07:10:13 PM
 #92

A little disclaimer: The following is my own view and experience, opinions voiced are mine, and mine only.

This fork meant mainly one thing for CG; a huge investment of time and work.
In preparation of the fork, there's already been several blogposts and announcements on the site, social media channels, this forum and via the newsletter.
Further, August 1st was a rather unconvenient time for the fork, since it's holiday season and staff is thin as it is, most vacation plans were already made by the time BCC/BCH became evident.

All in all, there's been a lot of tasks to handle (both informative and executive), including moving to new cold wallets, setting up a BCH node, handling several hundred transactions.
All of those tasks were done by CG free of charge, tasks that would not have been neccessary if the site had not paid out BCH to users/investors (quite a few other casinos did not do that).
CG stands to gain nothing from that process, the distributions were done for the investors, the time spent was spent for the investors (could've been spent on other tasks else).

The 12 day limit had several reasons. The main one was to limit time investment needed for the distribution.
Maintaining a node (especially an enterprise sized one connected to a huge wallet) has both technical and personel costs.
Every day the node is kept running, those costs grow, and as CG does not support BCC/BCH at this point, maintaining a node for an indefinite time is a waste of ressources.

I'd also expect from someone who stores funds on a site and is aware of a situation like this fork to take the initiative and inform themselves about how the situation is handled.
Checking the blog or asking a moderator in chat (or maybe even contacting support) takes a few minutes, and avoids running into situations like this.



On Aug 1st, Crypto-Games bankroll was approx. 1315 BTC. How much of this BCC are you keeping and how much was paid out to investors?
I don't have exact numbers as I was not involved with the distribution, but as far as I know, over 95% of the investors claimed their BCC/BCH (we're talking about a group of ~500 people).

With regards to their two emails, the first email promised to pay investors their BCC and made no reference to any immediate deadline.
The first email was sent July 25th, when the blogpost "Update: BIP91 and BCC" was published (I know that because I got the email myself, as I'm also an investor).
It referenced this post that includes the information that
"Users will have 12 days after the fork to set their BCC addresses and receive their coins. After that, we will stop accepting new BCC addresses and you will lose your claim due to failing to meet the deadline."

A second email was sent a few days after the fork (only to those users that did not claim their BCC until then) reminding everyone of the deadline.

The only email they sent with a direct reference to the deadline was on August 8th, giving investors five days to set up a BCC wallet. And unfortunately in my case, this email was in my junk folder.
That's been the second one, the reminder.
Curious why you had marked newsletter updates from CG as spam/junk.

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August 15, 2017, 08:36:13 PM
Last edit: August 15, 2017, 10:52:47 PM by beocca
 #93

A little disclaimer: The following is my own view and experience, opinions voiced are mine, and mine only.

Noted.

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This fork meant mainly one thing for CG; a huge investment of time and work.

...

All of those tasks were done by CG free of charge...

Totally get that - I'm not suggesting they work for free. A ~10% (+/-)  transaction fee would be very reasonable.

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I'd also expect from someone who stores funds on a site and is aware of a situation like this fork to take the initiative and inform themselves about how the situation is handled.
Checking the blog or asking a moderator in chat (or maybe even contacting support) takes a few minutes, and avoids running into situations like this.

This is an investment. I don't check it daily or weekly. I check it once a month at most. It's been a year without any problems. Having to spend time checking on it every few days would quickly make any profit earned on it a pretty expensive investment of time.

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I don't have exact numbers as I was not involved with the distribution, but as far as I know, over 95% of the investors claimed their BCC/BCH (we're talking about a group of ~500 people).

That's ~$20,000 USD of investor money left on the table. It seems like CG is being compensated quite well with this fork. (EDIT: See Lutpin's comment below - 95% of investors not BCC)

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The first email was sent July 25th, when the blogpost "Update: BIP91 and BCC" was published (I know that because I got the email myself, as I'm also an investor).
It referenced this post that includes the information that
"Users will have 12 days after the fork to set their BCC addresses and receive their coins. After that, we will stop accepting new BCC addresses and you will lose your claim due to failing to meet the deadline."

Yes, the email included a link at the bottom asking people to read their blog post. However, writing an email specifically saying at the top that all investors will be paid their BCC and then only mentioning an immediate deadline in a link comes across as disingenuous.

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A second email was sent a few days after the fork (only to those users that did not claim their BCC until then) reminding everyone of the deadline.

This is the one that ended up in my junk box. Not blaming CG for that, don't know why it happened. Regardless, this was the first actual email with a deadline in it and it only gave people 5 days.



I'm not suggesting CG is malicious or a scam - it's not. It's legitimate, I've dealt with them for a year without an issue before this.  However with this policy in place, my warning to investors still stands. If you invest with CG, you are expected to read every email, blog post, social media, etc. within a few days or risk losing funds like I have. The end result is I've been hit with a ~7% penalty for not reading a blog post and not responding to an email within 5 days.
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August 15, 2017, 09:42:55 PM
 #94

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I don't have exact numbers as I was not involved with the distribution, but as far as I know, over 95% of the investors claimed their BCC/BCH (we're talking about a group of ~500 people).
That's ~$20,000 USD of investor money left on the table. It seems like CG is being compensated quite well with this fork.
That number is based on usercount, not investment amount, eg an investor with 100BTC claimed would influence it the same way as one with 0.01BTC unclaimed.
For reference, the current bankroll is 1649BTC, of which 1103BTC // 67% are provided by a group of only 10 people (1358BTC by a group of 20 people // 82%).
I'd expect the actual number of BCH left unclaimed way below your calculated 65.

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August 16, 2017, 03:05:21 AM
 #95

Quote
I don't have exact numbers as I was not involved with the distribution, but as far as I know, over 95% of the investors claimed their BCC/BCH (we're talking about a group of ~500 people).
That's ~$20,000 USD of investor money left on the table. It seems like CG is being compensated quite well with this fork.
That number is based on usercount, not investment amount, eg an investor with 100BTC claimed would influence it the same way as one with 0.01BTC unclaimed.
For reference, the current bankroll is 1649BTC, of which 1103BTC // 67% are provided by a group of only 10 people (1358BTC by a group of 20 people // 82%).
I'd expect the actual number of BCH left unclaimed way below your calculated 65.

The terms on which the users invested in the site bankroll doesn't have any reference about giving a forked coin. Yet, crypto-games handled the unexpected situation favoring its users. Handling of BCH (claiming, storing and dividing between users) surely was a extra bit of work for the site and There's no place to blame the site for not being able to claim the BCH within the stated deadline.



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[15.00000000 BTC]


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August 16, 2017, 05:58:42 AM
 #96

Yet, crypto-games handled the unexpected situation favoring its users.

Not sharing the forked coin risked having many investors pull out their bankroll ahead of the fork - it was a smart business move, not altruistic.

The poor business decision is to rigidly enforce this policy on a profitable customer that will now move on to another site.



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August 16, 2017, 09:34:42 AM
 #97

Yet, crypto-games handled the unexpected situation favoring its users.

Not sharing the forked coin risked having many investors pull out their bankroll ahead of the fork - it was a smart business move, not altruistic.

The poor business decision is to rigidly enforce this policy on a profitable customer that will now move on to another site.





No one is forcing you to invest in our bankroll. We have many happy investors that gain much profit.

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August 16, 2017, 11:51:09 AM
 #98

Put my first litecoin yesterday and today another one. I dont have time to look at cryptocurrency frequenly im thinking investing on this with my 500 dolares. There is a change after one year having loss? I chose litecoin because its a steady coin. But im think doing that with BTC because will be worth more in on year. (or no xd)
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August 16, 2017, 02:59:50 PM
 #99

Put my first litecoin yesterday and today another one. I dont have time to look at cryptocurrency frequenly im thinking investing on this with my 500 dolares. There is a change after one year having loss? I chose litecoin because its a steady coin. But im think doing that with BTC because will be worth more in on year. (or no xd)


Surely Bitcoin investment worth much more as after one year it's much more probable your $500 in BTC will increase its price, while with LTC it's probable it will keep around the same price... Also, the casino profit potential with BTC's bets is higher in my opinion.

 
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August 16, 2017, 03:30:05 PM
 #100

Currently have a very small btc and eth investment. Very happy with the site and if my dang mining returns hadn't been hit so hard, I'd still be gambling a bit every now and then.

Nothing but good things to say.
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