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[julerz12]

Well, I've been on MineBit for about two months now. Can I participate through that account?

Yes. You can.

I have some questions to ask about this wagering tournament especially for how to determine the winners.
What are the measures for determining those that are going to be the winners?
Is selecting the winners going to be based on the total leaderboard points a player has accumulated during the 14 days interval of the tournament?

Answers to your questions can be viewed in the official Tournament thread here: https://bitcointalk.org/index.php?topic=5590547

As a slot player, I plan to participate in this tournament.

Nice. Looking forward to your participation. 

So, how do we share our bets on the slots we play? Will it be checked directly by the Minebit admin, or do we have to share them here?

I guess once your participation is official, you don't need to share your plays and hits on this thread or the tournament thread; it should be tracked automatically on the site. Which is why posting an application on the tournament thread is mandatory since they add official participants manually.

By the way, regarding the types of slots that will be offered later, I hope mahjong will be one of them.

Noted. I'll try to suggest that to the MineBit team.

[Pat | Minebit]

Hello Pat. Why don't you help out your VIP host a bit more so she doesn't stand alone with all the problems on this site? It seems like EVERY single request has to go through a management that really doesn't give a f*ck about all the requests they get.

11 days as a DUKE 2 VIP transfer (requires 35 million xp.. compare it with Diamond 2 at Stake.)

Payments are NOT instant. They need to be approved.. It happens fast but if it's over 2k.. it will take over half an hour or an hour.. It's not automatic as the ANN banner says.. Support is super wierd.. Waited for withdrawals to clear for over 1,5 hours and went to live chat where a super wierd guy named Wilson introduce himself not 1 but 2 times.. and the second time is it " Manager Wilson here".. Like it was some kind of sketch.. When he saw i complained about pending withdrawals suddenly all of them were approved instantly.. but he still tried to convince me that it doesnt matter it says pending.. becaus e pending means they are sent out to the payment system already.. why does he think i would believe that?

Weekly bonus was not issued to me.. because i won 20k.. fair enough.. next week i lost 4-5k.. and still no weekly for me. I spend all weekend texting with vip host that i had a losing week.. but the people she speak with kept saying i was in profit.. After 3 days they managed to bring up the numbers and i was in profit.. because they did cut the weekly midweek to midweek instead of saturday to friday as there website shows.. After explaining to them how there own weekly bonus works.. they suddenly found out i should have 40$ bonus. I got under 1% of my loss in rewards.. after speaking more with the vip host and explaining that on my rank it says "Elite" under weekly bonus.. they found out i should have 160$ instead. They have issued the 40$, so i can get the rest on the 15th august. They could not add it now.. but when i have bonus i am entitled to, and i speak directly with a vip host.. then it should be added instantly.. and after some time she found a way to add it.

Now i see upon a succesful vip transfer you get 200$ when you have wagered 100k. I just asked for it, and the answer is that its only on top of a deposit.. lets check their vip transfer page..

Benefits
20% Cashback During Your First Month
Enjoy 20% cashback for 30 days, credited weekly on Mondays, on top of your regular loyalty rewards.
Instant VIP activation after approval

No idea if are getting it.. didnt even ask as i guess it does not reset every monday.. but i know if i ask for it.. they say it.. I dont even want to give them the offer reject once again.
Instant VIP activation after approval
Immediate VIP access with a dedicated VIP Manager and priority support.
Only $100 deposit required

She is dedicated for sure.. but she is only a messenger in between a management in denial which also is the people handling everything.. does not seem like she manually can do anything.. only communicate. Its sad cause she seems intelligent enough to understand clear facts.. so it must be so hard for her to hear the absurd managements answers which she has to try to express in a way so the no-logic answer makes sense.. and thats tough when its so obvious the people behind are totally off..

Only $100 deposit required
Start your VIP journey with a low entry deposit and instant perks.
30 day VIP trial period

Despite there low bonuses.. 100$ seems fair as they are looking for players who think under 1% cashback weekly is fair.. so mostly small fish. VIP Sardines.
30 day VIP trial period
Enjoy full VIP benefits including faster withdrawals and exclusive rewards.
Personalized bonus after 2 weeks

Wait wait wait.. were the withdrawals not instant?

Personalized bonus after 2 weeks
Receive a tailored VIP reward based on your activity and playstyle.
$100,000 wagering target to maintain VIP status

A personalized bonus after 2 weeks.. Lets test it!

I got the answer that: those are like missions, special bonuses.. while she tagged an earlier message offering me a wager target. So there is NO bonus after 2 weeks.. You need a wager target! 500k wager = 550$ .. how generous.

$100,000 Wager to Keep VIP Status
Unlock a $200 reward + ongoing bonuses, events, and Wheel of Fortune access.

Uhh this one is exciting.. because the rule is very clear.. wager 100k and get 200$.. the answer was: so, it's bonus on deposit

hmm...

Once again i misunderstood the text on there website.. how stupid can i be.

Despite still being the worst weekly bonus i have ever seen.. i feel bad for the host. She should not stand there and wait days for lazy people who dont want to sort things out now.

So back to the weekly bonus issue that did led me here is:

How Your Bonus Is Calculated
Your weekly bonus consists of two components:
Rakeback and Cashback.
The bonus is calculated using the following formula:
Bonus = (Real Money Wager × House Edge × Rakeback Coefficient) + ((Total Real Bets − Total Real Wins) × Cashback Coefficient)
The Rakeback and Cashback coefficients depend on your loyalty level and the specific bonus.

Example 1 — Player with Net Losses
Wagered: 1,000 USDT
Wins: 200 USDT
House Edge: 1%
Cashback Coefficient: 0.5%
Rakeback Coefficient: 10%

Calculation:
1,000 × 0.01 × 0.10 + (1,000 − 200) × 0.005
= 1 + 4 = 5 USDT
The player receives a 5 USDT bonus.

Example 2 — Player in Profit
Wagered: 1,000 USDT
Wins: 1,200 USDT
House Edge: 0.25%
Cashback Coefficient: 0.5%
Rakeback Coefficient: 10%

Calculation:
1,000 × 0.0025 × 0.10 + (1,000 − 1,200) × 0.005
= 0.25 − 1 = −0.75 USDT

Since the calculated result is negative, the player receives 0 USDT.

Your Result for the Previous Period
For the previous reporting period, June 27–Aug 02, your total wins exceeded your total real-money wagers:
Total Real Money Wager: 288,255.45 USD
Total Real Money Wins: 310,100.23 USD

This means that you were in profit during this period, so your calculated bonus was 0 USD.

Please note that this does not mean you will not receive a bonus in the future.
Your losses and gaming activity during the current reporting period will be included in the next calculation, and if the final result is positive, your bonus will be available according to the regular payout schedule.

My answer was that the dates you specify are between "2 weeklys" Your weekly goes from Saturday Aug 1 to Friday Aug 7. You include my winning period from the week before and thats not cool. I dont know why its so hard to understand.. and guys this is the recipe on how you spend a whole weekend fightning for a justice but then finds out the general rewards is so low that 160$ on a 5k loss was not worth the fighting or signup. (and that is with my BETTER cashback percent) You NEW guys out there could look forward to a juicy 40$ bonus.

Thanks for taking the time to write this up in detail — a good part of what you raised here helped us catch something we genuinely needed to fix.

On the weekly bonus: you were right. Our reporting period wasn't matching the Saturday–Friday cycle we advertise, which meant a losing week could get blended with the previous winning week and wash out the calculation. That's a bug on our side, not intended behavior, and it's fixed now — reporting periods are aligned to the correct cycle going forward. Your loyalty-tier rate was also applied incorrectly at first ($40 instead of the correct Elite-tier amount); that's been corrected and the remaining balance is scheduled as agreed. We also credited $200 to your account for the runaround this caused — not a goodwill gesture, just the minimum we owed for the time it cost you to sort out.

One clarification on the mechanic itself, since it applies beyond your case: the weekly bonus is calculated on net losses within the period — you can see this in the formula you posted. If a player finishes a period in profit, the calculated bonus is $0 by design, same as any rakeback/cashback model. That part isn't a bug — the bug was in the period boundaries, which is what made it feel wrong.

On the VIP Transfer page copy: you read it exactly as written, and you're not the first to read "$100,000 wagering target → unlock $200" or "personalized bonus after 2 weeks" as unconditional. That's on our wording, not on you for reading it that way — we're rewriting those sections so the deposit-linked condition is explicit instead of implied.

On withdrawals and the chat exchange: amounts above a certain threshold go through a short manual review before payout — that's standard security practice, not a broken "instant" promise, though we agree the ANN banner should say so plainly instead of it being discovered the hard way. The chat interaction you described has been flagged for internal review.

Your VIP host did exactly what she should have — escalated, pushed on your behalf, got it corrected. If the remaining balance doesn't land on the 15th as scheduled, tag us here or have her loop the team in directly, and we'll get it sorted the same day.

[Ojima-ojo]

Minebit Bitcointalk Wagering Tournament

Good to see that the tournament is going live very soon and just to give you a head up and just coming across this update right now and heading straight to make my submission after reading everyone questions and getting more clarity.


This going to be fun for us Bitcointalk community, hope to see More interest on the tournament thread, what I have not seen people asking is concerning the tournament balance play, are we going to use our deposit without bonuses or any bonuses and deposit play count's?

[knuckey]

Minebit Bitcointalk Wagering Tournament

Good to see that the tournament is going live very soon and just to give you a head up and just coming across this update right now and heading straight to make my submission after reading everyone questions and getting more clarity.


This going to be fun for us Bitcointalk community, hope to see More interest on the tournament thread, what I have not seen people asking is concerning the tournament balance play, are we going to use our deposit without bonuses or any bonuses and deposit play count's?

The rules aren't very clear. They should also include a minimum deposit, and will sports bets still count?
And if there aren't 10 participants, what will be the decision?
I'll send you an ID if this contest is suitable for me. If sports betting is allowed, I'd be happy to join.

[Bitinity]

The rules aren't very clear. They should also include a minimum deposit, and will sports bets still count?

What is the point of having a minimum deposit requirement while the main idea of the tournament is all about wagering? I have never heard wagering contest with minimum deposit requirement until today. Regarding sports bet count or not, whether or not it is counted, I think it will hard to compete in wagering contest by relying on sports bet unless you are a high roller who can place hundreds to thousands of dollar per bet. However, looking at the terms page, it is written "spin any game" so I think this contest is for casino games only.

And if there aren't 10 participants, what will be the decision?

Nice question but usually when a wagering contest having less number of participants compared to the number of paid places, nothing change so the remaining unclaimed prize goes back to the casino.

[terrific]

I have read minebit's information about the revenue sharing.
I've have seen the same model in the past but can't confirm if it's the same 20% of share.
I like that the data is available for everyone to view even for a guess although the most recent month is the available one.
That can be considered if someone's going to participate in both pools as contributor or participant.
But there's more reward to those who completes the wager and participation.
And both needs to bet to get a positive NGR. There is no choice for those who only want to invest and have that share.

[Yukka7777]

Greetings to all Bitcointalk and Minebit Casino users! I’d like to share a few thoughts on this project. Well... I’d call this casino "Turbo-Minebit"! Registration, verification, and support responses were lightning-fast, and deposits and withdrawals are just as quick. I stumbled upon this casino by chance and was pleasantly surprised. I would certainly like to see a more extensive bonus policy, though it’s clear the Minebit team is constantly working on the project. Good luck to everyone!

[Pat | Minebit]

It’s Friday. Time to get paid 💰
 
20% of MineBit’s gaming profits are shared back with our players every single week.

If you played with us this  week, your share is waiting!

👉 Claim now: https://minebit.io/profit-share

The house wins. You get 20% of it, every week.

[julerz12]

To those who missed the announcement, the Bitcointalk Tournament Page on Minebit.com is now live here: https://minebit.com/promo/bitcointalk-exclusive-arena
Note: You might not be able to see the full details if you're not officially included as a participant. Make sure to post your application on the tournament thread here: https://bitcointalk.org/index.php?topic=5590547.0

This going to be fun for us Bitcointalk community, hope to see More interest on the tournament thread, what I have not seen people asking is concerning the tournament balance play, are we going to use our deposit without bonuses or any bonuses and deposit play count's?

This is mentioned on the tournament page:

Only real-money bets placed on the games contribute to the leaderboard.

That means bonuses don't count. Only real money.

They should also include a minimum deposit

The casino itself has a minimum deposit amount of $10. So, that'll be the overall minimum deposit, including for those who joined the tournament.

and will sports bets still count?

No. Only casino games, slots, blackjack, roulette, etc. The full list of eligible games is listed on the tournament page.

[Emeraldo]

Now that the full details is now clear with this full details provided, the tournament is looking more interesting. Live leaderboard is a great idea to have because this make it easy for users to track in their progress without any stress.
Can’t wait to see the final list of the eligible games, once the page goes live.

The slot game tournament is going to be competitive and I like the way it's being operate allowing players to see their positions  on the slot leaderboard which can motivate other players to gamble more so that they can be on the top of the ladderboard.
Every week, MineBit will be dropping rewards for players out of the percentage profits made from those slot games. This is a hear tof generosity from the MineBit team to players and it's highly appreciated.

[Pat | Minebit]

🎯 Two Keno wins landed yesterday

🟢56.00X → $28,000.00
🟢15.00X → $15,000.00

Keno's paying out.

The house wins. You get 20% of it, every week.

[julerz12]

300 Free Spins giveaway by MineBit is now up again.
10 lucky players will receive 30 free spins each, playable on Lucky's Wild Pub 2.
I haven't played this slot game before, so it'll be interesting to be able to try it for the first time (if by any chance I win these free spins)  

Anyways, you can join the giveaway on their official Telegram channel here: https://t.me/minebit/618 ^{Just read the instructions}
Winners will be announced next week by the MineBit team.

I've also created a spreadsheet of those who are officially participating in MineBit's Bitcointalk Wagering Tournament
See it here: Spreadsheet
There's still plenty of time to submit your application; simply visit the tournament thread and follow the instructions.

[mitchr4]

300 Free Spins giveaway by MineBit is now up again.
10 lucky players will receive 30 free spins each, playable on Lucky's Wild Pub 2.
I haven't played this slot game before, so it'll be interesting to be able to try it for the first time (if by any chance I win these free spins)  

Anyways, you can join the giveaway on their official Telegram channel here: https://t.me/minebit/618 ^{Just read the instructions}
Winners will be announced next week by the MineBit team.

...

After checking the Telegram link, it turns out this giveaway is quite easy to join. There is no wagering requirement and no deposit needed. Even without knowing the slot game yet, free spins like this still feel worth trying. Also, only 28 people have joined so far since the giveaway was shared yesterday, even though it will run for a full week. Since the number of participants is still small, joining early might increase the chance to get picked.

[Pat | Minebit]

💰 $4,000 sitting in True Grit Redemption 2 right now. First to hit 5000x takes it.

Challenges are live. Other prizes on the board: Duck Hunters $1,200, Mental $1,500, Zeus Ze Zecond $1,000.

👉 Join a Challenge: https://minebit.io/challenges

[julerz12]

After checking the Telegram link, it turns out this giveaway is quite easy to join. There is no wagering requirement and no deposit needed.

Actually, a minimum deposit is required, but it doesn't have to be a new deposit. If you've made at least a $10 deposit before, you're still qualified to participate in their Free Spins Giveaway. Other than that, yes, wagering isn't a requirement.

Anyway, MineBit has another giveaway from when they launched their Challenges; so far, they haven't picked the winners on that one, too; so, I guess, participation is still open.
5 random replies on that Telegram post gets a tip. No idea how much that would be, though; it wasn't mentioned. 
See it here: https://t.me/minebit/615

[Audrey Simmons]

Actually, a minimum deposit is required, but it doesn't have to be a new deposit. If you've made at least a $10 deposit before, you're still qualified to participate in their Free Spins Giveaway. Other than that, yes, wagering isn't a requirement.

Tomorrow marks the kickoff of the wagering tournament, I'm happy to be part of the tournament.

Good luck to every participant who will be contesting.

Has the live leaderboard been implemented?

[iv4n]

They should also include a minimum deposit

The casino itself has a minimum deposit amount of $10. So, that'll be the overall minimum deposit, including for those who joined the tournament.

Maybe it's $25 for Bitcoin deposits... Anyway, my deposit is confirmed, and I am ready to start.

Tomorrow marks the kickoff of the wagering tournament, I'm happy to be part of the tournament.

Good luck to every participant who will be contesting.

Has the live leaderboard been implemented?

12 UTC is in less than 2 hours... I checked the site, and there is no list of eligible games, so I guess all games count, at least for now:

Play any real-money game on Minebit(sports bets are not included) during the promotional period.

I didn't see the leaderboard... I guess it will be live when the tournament starts.

Good luck to all participants... we will need it! 

[julerz12]

Has the live leaderboard been implemented?

No, not yet; it'll go live once the tournament officially starts.

I checked the site, and there is no list of eligible games, so I guess all games count, at least for now:

You'll be able to see the full list of eligible games once the MineBit team has added you to the official list of participants.

Note: I'm not participating, I just had them add me as well so I can see the full tournament page details.  

They are currently working on adding the users who recently applied on the tournament thread.
See the spreadsheet here: https://docs.google.com/spreadsheets/d/1doY_aQcmCOgXjm4BKkB_MBAwqc98hYEdw-Ag4-Jr_ao/edit?usp=sharing
If you see Green, that means you are officially in.

[Pat | Minebit]

MineBit Bitcointalk wagering tournament is now live!

Join and climb the leaderboard to get your share of the prize pool: $1,500!
Rewards are paid straight to your balance with zero wagering requirements
Distributed among the Top 10 players on the leaderboard.

To join, visit the Tournament thread to learn more: https://bitcointalk.org/index.php?topic=5590547.0

[liuka]

Has the live leaderboard been implemented?

No, not yet; it'll go live once the tournament officially starts.

I checked the site, and there is no list of eligible games, so I guess all games count, at least for now:

You'll be able to see the full list of eligible games once the MineBit team has added you to the official list of participants.

Note: I'm not participating, I just had them add me as well so I can see the full tournament page details.  

They are currently working on adding the users who recently applied on the tournament thread.
See the spreadsheet here: https://docs.google.com/spreadsheets/d/1doY_aQcmCOgXjm4BKkB_MBAwqc98hYEdw-Ag4-Jr_ao/edit?usp=sharing
If you see Green, that means you are officially in.

Hi julerz, whether only 10 eligible games in this tournament.