[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge]

[waterpile]

does anyone really gambles here?

[BayAreaCoins]

I don't even understand how people still play/invest here...

Seems dangerous

[suchmoon]

Can I just get back my original investment?

Nope. Unless your name is mateo, in which case anything is possible.

[noma]

so is the site back or not? even the site admin has not been online the past 2 days

[IamNotSure]

so is the site back or not? even the site admin has not been online the past 2 days

The honey pot has never closed

[leex1528]

I am so confused by this?  I thought the site went down when people were winning blindly...

Now the site is in 350BTC profit?  What's going on....Anyone have any information on this at all?

[jaysabi]

Short version is the site never went down. It has been operating the whole time, though with much less activity. It was slowly re-acquiring investors, and at one point when the BR was growing (don't know the exact number, maybe around 1000) "Mateo" returned and went on a huge losing streak. Those are the facts of the situation.

There is continued speculation as to whether Mateo is a legit user or an insider. Some people are saying Mateo is a Manl account who lost all the money back to lure investors back so Manl can steal money. I personally don't find this compelling, since Manl could have just stolen 7500 BTC the first time.

Either way, you need to form your own conclusion, but continue to be weary because this site was found to be cheating players once already by skipping winning nonces, whether or not Mateo is a legit user.

[dooglus]

I am so confused by this?  I thought the site went down when people were winning blindly...

Now the site is in 350BTC profit?  What's going on....Anyone have any information on this at all?

Mateo came back and lost ~650 BTC.

Here are some recent site stats that I've collected:

Mon Sep  1 07:39:46 PDT 2014   profit:   56.26744711   invested:        5,586.33640681 wagered:  25,612.3821            bets:   31,113,377
Tue Sep  2 09:01:14 PDT 2014   profit:   57.14303938   invested:        5,830.01221065 wagered:  26,453.2552            bets:   32,462,566
Wed Sep  3 07:10:14 PDT 2014   profit:   97.51547298   invested:        5,835.37166989 wagered:  28,513.0451            bets:   33,624,899
Thu Sep  4 08:09:48 PDT 2014   profit:  106.72483399   invested:        6,314.60683720 wagered:  29,843.2017            bets:   35,446,198
Fri Sep  5 08:46:27 PDT 2014   profit:  175.91141188   invested:        7,238.62508975 wagered:  30,959.2017            bets:   37,501,964
Sat Sep  6 10:11:26 PDT 2014   profit:  201.62990662   invested:        7,381.69733455 wagered:  31,810.6743            bets:   39,692,223
Sun Sep  7 07:40:03 PDT 2014   profit:  259.22495458   invested:        7,108.09065012 wagered:  32,159.8734            bets:   41,190,494
Sun Sep  7 17:46:25 PDT 2014   profit:  161.16300354   invested:        1,704.91132568 wagered:  32,993.4733            bets:   41,781,550
Mon Sep  8 08:10:55 PDT 2014   profit: -205.78715499   invested:          704.96789890 wagered:  85,453.6730            bets:   42,516,227
Mon Sep  8 08:31:25 PDT 2014   profit: -316.11279075   invested:          704.96789890 wagered:  89,743.0994            bets:   42,543,239 BANKROLL:    99.71907091
Mon Sep  8 10:01:14 PDT 2014   profit: -327.07568425   invested:        1,178.45375026 wagered:  90,949.9923            bets:   42,631,645 BANKROLL:   562.24230998
Tue Sep  9 09:18:10 PDT 2014   profit: -329.35365206   invested:        1,132.50293979 wagered:  91,298.6454            bets:   43,526,552 BANKROLL:   514.02009646
Wed Sep 10 20:57:14 PDT 2014   profit: -315.90377541   invested:        1,130.67616779 wagered:  91,741.0462            bets:   44,641,341 BANKROLL:   525.63070559
Thu Sep 11 10:17:14 PDT 2014   profit: -317.17418051   invested:        1,130.64611884 wagered:  91,764.8918            bets:   44,795,601 BANKROLL:   524.29955187
Fri Sep 12 10:10:04 PDT 2014   profit: -319.33467781   invested:        1,127.26238508 wagered:  91,845.4572            bets:   45,753,572 BANKROLL:   518.78566018
Sat Sep 13 08:06:52 PDT 2014   profit: -306.98197776   invested:        1,206.39725636 wagered:  91,988.8721            bets:   47,369,478 BANKROLL:   610.23857176
Sun Sep 14 09:45:14 PDT 2014   profit: -304.79770840   invested:        1,392.26246817 wagered:  92,024.3805            bets:   48,245,730 BANKROLL:   798.28693218
Mon Sep 15 08:29:49 PDT 2014   profit: -301.53743477   invested:        1,462.05982531 wagered:  92,082.7456            bets:   49,059,362 BANKROLL:   871.33805324
Tue Sep 16 11:38:01 PDT 2014   profit: -295.79031602   invested:        1,508.38149462 wagered:  92,153.4729            bets:   50,319,276 BANKROLL:   923.40560018
Wed Sep 17 07:42:31 PDT 2014   profit: -297.32139723   invested:        1,531.01564543 wagered:  92,186.6599            bets:   51,133,608 BANKROLL:   944.47462087
Wed Sep 17 16:43:29 PDT 2014   profit:  326.75800395   invested:        1,658.95634765 wagered: 121,997.1963            bets:   51,810,085 BANKROLL: 1,696.31436053
Wed Sep 17 23:14:43 PDT 2014   profit:  328.58302857   invested:        1,656.49227006 wagered: 122,152.7828            bets:   52,288,022 BANKROLL: 1,697.33497069
Thu Sep 18 07:28:48 PDT 2014   profit:  327.89594832   invested:        1,653.57087585 wagered: 122,224.9521            bets:   52,554,175 BANKROLL: 1,689.30501627
Fri Sep 19 07:29:09 PDT 2014   profit:  329.70362308   invested:        1,653.75920568 wagered: 122,345.2918            bets:   54,595,856 BANKROLL: 1,691.30064406
Sat Sep 20 09:24:56 PDT 2014   profit:  331.92894163   invested:        1,810.39661853 wagered: 122,507.7149            bets:   56,145,429 BANKROLL: 1,850.16307475
Sun Sep 21 09:50:07 PDT 2014   profit:  334.41340799   invested:        1,810.40662004 wagered: 122,599.0398            bets:   57,468,520 BANKROLL: 1,852.65754302
Mon Sep 22 11:02:50 PDT 2014   profit:  337.54518209   invested:        2,298.05882411 wagered: 122,652.1315            bets:   58,853,976 BANKROLL: 1,690.39092683

The "invested" and "bankroll" figures on the last two lines are interesting. Invested went up 500 BTC while bankroll went down 150 BTC. I think it's to do with how the site doesn't count profits or losses as affecting "invested" until commission has been paid on them - or something like that.

[jaysabi]

The "invested" and "bankroll" figures on the last two lines are interesting. Invested went up 500 BTC while bankroll went down 150 BTC. I think it's to do with how the site doesn't count profits or losses as affecting "invested" until commission has been paid on them - or something like that.

What I don't understand is how is BR and Invested not the same number? What would cause that to be different?

[jaysabi]

The "invested" and "bankroll" figures on the last two lines are interesting. Invested went up 500 BTC while bankroll went down 150 BTC. I think it's to do with how the site doesn't count profits or losses as affecting "invested" until commission has been paid on them - or something like that.

What I don't understand is how is BR and Invested not the same number? What would cause that to be different?

You know what, I just did some experimenting on the site with the dust I still have there. It appears the "Invested" number doesn't change for divested amounts, but always changes when new amounts are invested. I divested with no change to the "Invested" number, then reinvested the same amount and the "Invested" number changed by the exact amount I invested. I wonder if divestments of a certain size don't subtract from the total "Invested" for some reason.

Tangential question: for the purpose of attributing profits properly to folks who are invested, is the site properly computing your percentage of the BR or is it assigning you profits based on your percentage of the amount "Invested." If it is the latter, then investors are getting screwed on profit as it is being watered down.

Edit: It is using the correct BR number. I still don't understand the "Invested" number.

[noma]

why is Dicebitcoin not replying even when it is clear he is online.

[dooglus]

It appears the "Invested" number doesn't change for divested amounts, but always changes when new amounts are invested. I divested with no change to the "Invested" number, then reinvested the same amount and the "Invested" number changed by the exact amount I invested. I wonder if divestments of a certain size don't subtract from the total "Invested" for some reason.

Are you sure about that?

The way I think it works is as follows:

When you invest, 'investment' goes up.
When you divest, 'investment' goes down.
When players win and lose, 'investment' doesn't change (although 'BANKROLL' does).
So your personal 'investment' figure represents how much you invested, not how much you have left of your investment right now.

Then, at the end of each week they divest your investment, charge commission on any profits, and reinvest it. The divest makes 'investment' go down. The reinvest makes it go back up, but not as much as it went down (if commission was charged).

Some examples (each paragraph refers to a separate user account):

* You invest 10 BTC. Someone wins, reducing your investment by 10%. Your investment figure still shows 10 BTC. You fully divest and withdraw. Your investment figure shows 1 BTC even though your account is now empty. (You invested 10 BTC and only divested 9 BTC, so in a sense your net amount invested is 1 BTC, which is what it shows). You leave the site and never return. That lost 1 BTC forever contributes to the 'invested' figure at the top of the screen, even though it is no longer in the bankroll.

* You invest 10 BTC. Someone loses, increasing your investment by 10%. Your investment figure still shows 10 BTC. You fully divest and withdraw. Your investment figure 'should' go to -1 BTC, since you've divested more than you invested. That's the site's signal to charge you commission. They charge you 10% of the 1 BTC profit you made, and set your 'invested' figure to 0 BTC.

* You invest 10 BTC, earn 1 BTC the first week, lose 2 BTC the 2nd week, earn 3 BTC the 3rd week. After the first week the Sunday commission run auto-divests your 11 BTC, taking your net invested amount to -1 BTC, so they charge 10% of that, and set 'invested' to 0, then reinvest the 10.9 BTC you have left. At the end of the 2nd week you have 10.9 - 2 = 8.9 BTC, and your 'invested' stat is 10.9, so when they auto-divest you then, your 'invested' figure drops to 10.9-8.9 = 2 BTC. You don't pay commission since that's not negative, then your 8.9 BTC is reinvested, taking your 'invested' stat back to 10.9 BTC. At the end of the 3rd week you have 8.9+3=11.9 invested, your 'invested' stat is 10.9, so the auto-divest takes it to 10.9-11.9=-1, you pay 10% of 1 BTC in commission, then your remaining 11.8 is reinvested, taking your 'invested' stat to 10.8 BTC. Notice that you've earned 1+3 = 4 BTC and lost 2, for a net profit of 2 BTC, and paid a total of 0.2 BTC in commission, as you would expect.

Maybe DiceBitcoin can confirm that's how it works, because I could be wrong, but it makes sense to me. The 'invested' figure is a neat way of tracking how much commission you are due to pay. It prevents you from paying twice on the same amount (in the 3rd example above you only pay 0.2 BTC in the 3rd week despite earning 3 BTC that week).

[Joecker]

why is Dicebitcoin not replying even when it is clear he is online.

Let me give you the answer you're waiting for, because I can read ManLoL's mind.

"I'm sorry I tried to steal 650 BTC. I just wanted to leave my mom's basement (and buy some hookers)".

[jaysabi]

Are you sure about that?

God no, I'm such a moron. I just retried my experiment and it worked the way you would expect. Which means it probably did the first time as well, but I didn't notice it change the first time I divested.

Durr.

[jaysabi]

So back to your original observation, what would cause Invested to go up 500 BTC while bankroll drops 150 BTC and site profit only goes up 3 BTC?

[dooglus]

So back to your original observation, what would cause Invested to go up 500 BTC while bankroll drops 150 BTC and site profit only goes up 3 BTC?

The bankroll went down because people divested. The invested went up 650 btc relative to the bankroll because the site charged commission on mateo's 650 btc loss.

Edit: I was brief in the above explanation because I was typing on a touch screen. If it's too short let me know and I'll try harder.

[Valzador]

Mods, everytime if start robot rolling, it crashes after a few hundred rolls...   

Is this a server side error or client side error?

[Sickler]

Investing, divesting, bankroll.  It was all so much simpler on JD.

[bodgybrothers]

So back to your original observation, what would cause Invested to go up 500 BTC while bankroll drops 150 BTC and site profit only goes up 3 BTC?

The bankroll went down because people divested. The invested went up 650 btc relative to the bankroll because the site charged commission on mateo's 650 btc loss.

Edit: I was brief in the above explanation because I was typing on a touch screen. If it's too short let me know and I'll try harder.

Why are we still discussing the site "features". Maybe we should ask for the chat box back and discuss how awesome the site is?

[Martijnvdc]

HE REMOVED MY ACCOUNT

Since today, my account suddenly doesn't exist anymore. I used to log into it each day to check wether he has replied to my support ticket concerning the cheating player and my unfairly lost investment.
For some reason my account is now removed from his database. Can anyone else confirm their account has been removed?
There was still a little bit of money left on my account; sadly i don't remember how much exactly...

Is he trying to clean up the evidence of his scam??
He still owes me 0.251 BTC, and now he even removed my account, with the remaining money lost.