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Author Topic: Selling BitBet.org  (Read 2380 times)
WARlrus (OP)
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January 01, 2011, 04:05:27 PM
 #1

Hi all,

Some of you may have used BitBit.org (a project of mine) whilst it was still alive, sadly I've had to shut it down due to a complete lack of spare time at the moment.

Therefore - I'm looking to sell the website. Included is all source code, and use of the domain until it's expiry on the 6th September 2011 (DNS changed to whatever you want etc). This would be ideal for anyone wanting to set up their own Bitcoin site without too much knowledge of PHP, as most of the hard work is done already! I'm happy to answer any questions, and provide screenshots of the site if you're unfamiliar with it.

Bidding starts at 50BTC, and will close at 6pm UK time on the 15th January. Bids in denominations of 1BTC or more please.

Let bidding commence!

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wobber
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January 01, 2011, 05:42:21 PM
 #2

Hmm... Even bet sites are not very popular among cryptodudes I'm going to bid. 70 BTC

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January 01, 2011, 11:39:26 PM
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I am looking to corner the bitcoin wagering market.

I will bid 123 BTC.

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wobber
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January 02, 2011, 06:07:11 AM
 #4

130 btc

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January 07, 2011, 05:19:19 AM
 #5

Hey, I asked for the screenshots on pm, but never got them.

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WARlrus (OP)
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January 10, 2011, 08:17:18 PM
 #6

Sorry - I neglected to check my PM's for questions! You should all now have replies.

Screenshots of the site in action can be viewed here: http://www.bitbet.org/screenshots/

If anyone wants to see it in action, drop me a PM and I'll do my best to sort a demo account :-)

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January 10, 2011, 09:12:59 PM
 #7

Do you have to have a couple thousands of bitcoin in order to run the bitbet?
How do you maintain it (add new bets etc)

Did it made any bitcoins as profit?

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WARlrus (OP)
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January 10, 2011, 09:41:55 PM
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Do you have to have a couple thousands of bitcoin in order to run the bitbet?
No, the maximum amount you'll ever need is shown on http://www.bitbet.org/screenshots/finance.jpg (current liability - the amount you'd pay out if every outstanding bet won), and depends on how great the odds you give are

How do you maintain it (add new bets etc)
All the administration features are built in - http://www.bitbet.org/screenshots/bet_forms_list.jpg and http://www.bitbet.org/screenshots/adding_form.jpg

Did it made any bitcoins as profit?

Yes - http://www.bitbet.org/screenshots/finance.jpg shows incorrect figures as I refunded peoples money when I closed the site. I'm not going to say how much it made though!

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January 11, 2011, 08:31:02 AM
 #9

Seems ok, but I'll have to learn PHP in order to further develop it.

I also want to regain my 130 BTC (I'm pretty sure I'll win) and then giving a good, entertaining service with great odds to win.

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January 12, 2011, 07:55:30 PM
 #10

Bitcoin value had a more than 12% climb since I bid. What do I do now?

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January 12, 2011, 08:03:34 PM
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Bitcoin value had a more than 12% climb since I bid. What do I do now?
You put aside the coins when you make the bid, and don't worry about it further. Think of it as bitcoin being stable, and the US dollar dropping, if that helps any.
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January 13, 2011, 09:59:48 AM
 #12

I have three more questions:

1. Does this website works with those free hosting solutions, or it requires some linux-based server (bitcoind?)

2. How much do I have to study, i mean bets websites, to add new bets? How much work does it needs per day? You said you discontinued the project because you lacked time, I hope not because it wasn't profitable. I just want to cover any expenses, if I also get a few bitcoins per week I don't mind.


PS I know I sound very strange, but I did the mistake of bidding first and asking later. Anyway, I'll take it, I want it, but I need some support. Thanks!

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WARlrus (OP)
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January 15, 2011, 12:34:50 AM
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1. Does this website works with those free hosting solutions, or it requires some linux-based server (bitcoind?)
It requires a server running bitcoind constantly

2. How much do I have to study, i mean bets websites, to add new bets? How much work does it needs per day? You said you discontinued the project because you lacked time, I hope not because it wasn't profitable. I just want to cover any expenses, if I also get a few bitcoins per week I don't mind.
All bet 'forms' have to be added manually, this can be as few or as little as you wish. Everything regarding bets is added manually, as shown by the screenshots

Note: I was obviously expecting to sell the site for more than the 130 bitcoins bid - that doesn't give me much profit once the domain is considered. I'm therefore going to extend the auction until the 5th of March at 6pm GMT, and reserve the right to refuse sale. Apologies if anyone considers this unfair, but the amount of time and effort I've put into development I think justifies this!

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nelisky
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January 15, 2011, 12:46:42 AM
 #14

Would you consider selling the domain separately from the service?
wobber
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January 15, 2011, 08:30:34 AM
 #15

Note: I was obviously expecting to sell the site for more than the 130 bitcoins bid - that doesn't give me much profit once the domain is considered. I'm therefore going to extend the auction until the 5th of March at 6pm GMT, and reserve the right to refuse sale. Apologies if anyone considers this unfair, but the amount of time and effort I've put into development I think justifies this!

I perfectly understand. But could you at least say what's the minimum expected for the site? 5th of March is in almost 2 months, thus too much time will be lost. And also money.

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WARlrus (OP)
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January 16, 2011, 10:31:32 PM
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But could you at least say what's the minimum expected for the site?

I was hoping for something over 200BTC, but obviously it's all relative!

5th of March is in almost 2 months, thus too much time will be lost. And also money.

Sorry - that should have been the 5th of February

Would you consider selling the domain separately from the service?

Yes, if the total package doesn't reach my 'reserve price', then I'll happily sell the domain separately

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January 17, 2011, 12:37:12 AM
 #17

Since thus far only TTBit and wobber have shown interest why don't you run 2 separate auctions, one for the software, other for the domain? Maybe that makes it easier to reach your "reserve"?
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January 17, 2011, 09:33:59 PM
 #18

WARIus, you said you want to sell BitBet because you don't have time to maintain it. Why don't you give it to me, I'll maintain it and will split the profit in half?

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WARlrus (OP)
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January 18, 2011, 07:34:24 PM
 #19

WARIus, you said you want to sell BitBet because you don't have time to maintain it. Why don't you give it to me, I'll maintain it and will split the profit in half?

Interesting proposal :-) Check your inbox...

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