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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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SlickTheNick (OP)
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November 26, 2013, 01:27:03 AM |
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Something is wrong there.. When i open the Website...this happens all the time  I can't close the window or anything else...it stays just like that hey, the most likely reason is you just needed to refresh your browser cache (refreshing page couple times usually works). We just updated the entire front end this weekend, as well as fixing a number of issues. Great weekend btw, many profits for all and several BTC spent on the site  Important rule change: There are no longer bet refunds after 24 hours. Instead, it now works like this: After 48 hours, if you were the first person in the chain (first buyer of a coin since it last reset) and no one has bought the coin, you get a full refund on your bet. However, if the chain has already started, and you are the last one holding it for a full 48 hours, then your bet is simply lost. The reason for this is that on the first buy, the server has the full funds sitting in its wallet, and can refund if needed no problem. Once people start buying the coin from each other, the server is just acting as a middle man, sending money back and forth, and just keeping a portion of the difference. So when a situation arises where a coin starts off at say 0.1 BTC, and then gets all the way up to 5 BTC, then no one buys for 24 hours... that money has to come from my pocket.. so I might have made say, 2 BTC profit from all the transactions, that still puts me in the negative. Something I didnt consider in my original calculations  hope you all understand. |
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SlickTheNick (OP)
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November 29, 2013, 02:14:46 AM |
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thinking about maybe adding litecoin support? Thoughts?
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SlickTheNick (OP)
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December 03, 2013, 05:36:18 AM |
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So I updated the rules for bet expirations a bit again, this time I think its much more fair (less risk for players).
You no longer lose your bet after 48 hours of no new bets. Instead, after the 48 hours are up, the coins price (and your bet) are reduced by 20%, and then further reduced every 12 hours after, until the coin either reaches its starting value, or is bought out by somebody. Coins will now only ever reset if triggered by a bets lucky number.
Also, now supporting Litecoins! There is two coins that can be bought with LTC. Most likely going to be adding more, and organize it a bit better (switch between BTC coins and LTC coins or something). Any feedback is appreciated
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yntro
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December 03, 2013, 04:22:01 PM |
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Intresting thing I might aswell look deeper into this.. Too bad I don't have much BTC now :/
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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Authentic
Member
 Offline
Activity: 112
Merit: 10
1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1
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December 10, 2013, 12:59:47 AM |
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So I updated the rules for bet expirations a bit again, this time I think its much more fair (less risk for players).
You no longer lose your bet after 48 hours of no new bets. Instead, after the 48 hours are up, the coins price (and your bet) are reduced by 20%, and then further reduced every 12 hours after, until the coin either reaches its starting value, or is bought out by somebody. Coins will now only ever reset if triggered by a bets lucky number.
Also, now supporting Litecoins! There is two coins that can be bought with LTC. Most likely going to be adding more, and organize it a bit better (switch between BTC coins and LTC coins or something). Any feedback is appreciated
At last! You are accepting Litecoins! Thanks a lot |
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SlickTheNick (OP)
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December 10, 2013, 05:07:22 PM |
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At last! You are accepting Litecoins! Thanks a lot No worries! Any ideas on where to get more litecoin players besides litecoin forums and the litecoin reddit? Also, somebody won our first somewhat big jackpot! 0.14 BTC off of a 0.01 bet, not too bad. |
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SlickTheNick (OP)
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December 11, 2013, 04:36:20 PM |
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Suggestions for near future updates?
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Authentic
Member
Offline
Activity: 112
Merit: 10
1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1
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December 11, 2013, 04:53:37 PM |
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Suggestions for near future updates?
There could be a "free" coin, depending on how you set it up you will get lots of visitors |
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SlickTheNick (OP)
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December 11, 2013, 05:04:25 PM |
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Suggestions for near future updates?
There could be a "free" coin, depending on how you set it up you will get lots of visitors heh, how exactly would that work? Like a faucet coin? |
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hieroglyph
Member
Offline
Activity: 70
Merit: 10
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December 12, 2013, 04:20:35 PM |
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looks like a potentially fun game. Will have a look around the site when I get more time and maybe gamble a little. Thanks for the heads up!
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SlickTheNick (OP)
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December 14, 2013, 03:11:53 AM |
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looks like a potentially fun game. Will have a look around the site when I get more time and maybe gamble a little. Thanks for the heads up!
No worries! Any feedback is much appreciated |
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Kyraishi
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December 14, 2013, 04:16:21 PM
Last edit: December 14, 2013, 06:45:09 PM by Kyraishi |
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just controlled my first coin  edit : my coin is bought, how long i have to wait to get my return ? |
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SlickTheNick (OP)
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December 14, 2013, 07:18:24 PM |
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just controlled my first coin edit : my coin is bought, how long i have to wait to get my return ? You should receive payment as soon as the next player buys you out. There was a glitch this morning though which was preventing bets from being confirmed properly (and paying out previous buyer). Should be fixed now though. Can you confirm for me that you have received your return? |
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Kyraishi
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December 14, 2013, 07:20:22 PM |
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You should receive payment as soon as the next player buys you out. There was a glitch this morning though which was preventing bets from being confirmed properly (and paying out previous buyer). Should be fixed now though.
Can you confirm for me that you have received your return?
Not at the moment yet |
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SlickTheNick (OP)
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December 14, 2013, 08:25:08 PM |
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You should receive payment as soon as the next player buys you out. There was a glitch this morning though which was preventing bets from being confirmed properly (and paying out previous buyer). Should be fixed now though.
Can you confirm for me that you have received your return?
Not at the moment yet Do you happen to know what your bet ID was, or what the transaction ID of the bet you sent is..? (you can PM it to me) thanks |
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SlickTheNick (OP)
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December 15, 2013, 06:27:01 PM |
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turns out above issue was indeed a bet caught up in the payment glitch that happened yesterday morning. Problem solved |
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SlickTheNick (OP)
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December 20, 2013, 03:37:54 AM |
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happy holidays! Expect some improvements to the game in the early new year
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SlickTheNick (OP)
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January 03, 2014, 05:18:59 PM |
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happy new year everyone! Looks like things are starting to pick up again!
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jeffthebaker
Legendary
Offline
Activity: 1526
Merit: 1034
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January 03, 2014, 05:41:02 PM |
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What is the point of the coin reset? Just to make more money or something? Because you guys already profit from each transaction, and shouldn't the priced reduction after a certain time period take care of the coin not resetting or whatever?
I played it a couple of times, I would play more if there was no reset chance.
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