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Author Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game  (Read 472945 times)
ioncornel78
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May 28, 2016, 04:49:46 AM
 #4101

Sorry for the last posts, but with latest issues and no comunications from staff, i was worried. Now is ok. The site is up and support staff is online.GJ.

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May 28, 2016, 01:16:09 PM
 #4102

All good now, but what's up with the bets taking about 1 second to place?

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May 28, 2016, 05:01:15 PM
 #4103

All good now, but what's up with the bets taking about 1 second to place?

As the total number of bets and users keep increasing, new previously non-existing bottlenecks appear in the system. we're at 300,000,000+ bets and 500,000+ accounts now. We'll definitely sort it out so that bets become instant again.


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Satosh¡ Domains
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May 28, 2016, 06:51:21 PM
 #4104

Quote
Welcome to Satoshi Dice, the first Bitcoin Dice gambling site that has now evolved into a full Bitcoin casino.

I see you are now marketing yourselves as a full Bitcoin casino. Would you (or anyone else that reads this) be interested in buing the crypto.casino domain name?
Randian Hero
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May 28, 2016, 08:41:23 PM
 #4105

With the increasing number of users, bets have become slower and were reaching 1-2 seconds recently. I have just made a small optimization that brings down the bet processing time to ~0.6 seconds. Further optimisations will be done as soon as possible!


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ETHLend1
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CoinsOrDie
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May 28, 2016, 08:56:41 PM
 #4106

All good now, but what's up with the bets taking about 1 second to place?

As the total number of bets and users keep increasing, new previously non-existing bottlenecks appear in the system. we're at 300,000,000+ bets and 500,000+ accounts now. We'll definitely sort it out so that bets become instant again.

Thanks, I see bet times are now around half a second if not less.

Randian Hero
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May 28, 2016, 10:06:45 PM
 #4107

The last 20 minutes or so it was not possible to login to the site. This issue has been fixed and the site is working properly again.


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Randian Hero
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May 28, 2016, 10:50:23 PM
 #4108

Bet speed is also down to the previous ~200 ms so bets are pretty fast again!


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ETHLend1
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FUNDB
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May 28, 2016, 10:55:18 PM
 #4109

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!
Persepolis
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May 28, 2016, 11:50:44 PM
 #4110

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!

Over the past 2 months my average return (daily) is about .1% which is pretty good.
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May 29, 2016, 12:27:27 AM
 #4111

Honestly why do people play/invest here...

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes.

I had to wait 15(!) seconds(!) for my withdrawal. I would not say yikes. And I could place 3-4 bets per second which I guess could be faster but please...
BTCAFFE
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May 29, 2016, 12:29:22 AM
 #4112

The only slow thing right now is the promised signature campaign. Are you guys still going to have it?

https://www.megadice.com/?a=792712400
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May 29, 2016, 12:32:01 AM
 #4113

Honestly it seems like the site is just fine for now. Haters will be haters. If you don't want to play here, don't play here.
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May 29, 2016, 12:35:34 AM
 #4114

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!

A friend nagged me into creating an account on Bitcointalk just to respond here. My investment has grown over 350+ BTC 'nuff said. Numbers of bets is not that important, what matters is there are big players and despite technical problems in the past, the site is trustworthy enough to keep some funds.
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May 29, 2016, 12:36:19 AM
 #4115

The only slow thing right now is the promised signature campaign. Are you guys still going to have it?

Yes, we will, next week!


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ETHLend1
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Randian Hero
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May 29, 2016, 12:40:18 AM
 #4116

FUNDB, the stats on dicesites.com excludes the slot game that has higher EV and if included it increases the number of bets and amount wagered quite a bit. Investors get a better deal than you can see in 3rd party statistics because of this.


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coinspiracy
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May 29, 2016, 12:45:46 AM
 #4117

I don't see the game where you used to be able to play by seding directly to a collection of bitcoin addresses... What's up with that?
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May 29, 2016, 12:56:19 AM
 #4118



If this is what the fuzz is about, I don't think it's a big deal. Especially since it's faster than many big sites out there.

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May 29, 2016, 08:15:41 AM
 #4119

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!

I had those 100btc on their site and i had an average of 3.5-4.5% a month, everyday 0.1btc was added like clockwork with some spikes here and there... and the site had 5000+ btc then
FUNDB
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May 29, 2016, 04:10:48 PM
 #4120

I'm glad all of the shill accounts for SatoshiDice came out. Do you think people can't tell that all of these newbie accounts coming out of nowhere to defend a shitty gambling site are genuine players?

Honestly why do people play/invest here...

Investors:
They consistently are one of the lower volume casinos out there that accept public funds (stats according to https://dicesites.com/satoshidice), and they have a giant bankroll. What this means is you are getting a tiny return.

I'll explain it this way:

They average under 100 BTC per day in wagered volume, yet they have a whopping 4000+ BTC bankroll. Lets do some quick math: 100BTC (daily wagered) * 1.9% (house edge) = 1.9 BTC expected return. Say you have 1 BTC invested, that means your expected return is 0.0475% daily... And that doesn't even include fees!

They average well under 100,000 bets per day. This means they don't have many players. Most of their competitors are in the millions daily (# of bets). This signifies an over reliance on key larger players.

Players:
Terrible customer support, slow bets, and slow withdrawals. Yikes. And 1.9% House edge? That's nearly double the industry standard!

I had those 100btc on their site and i had an average of 3.5-4.5% a month, everyday 0.1btc was added like clockwork with some spikes here and there... and the site had 5000+ btc then


You are lying.

100/5000 = 2% (your share of the bankroll)
You are claiming your 2% stake earned 3.5-4.5 BTC monthly.

I will even give you the benefit of the doubt and say SatoshiDice did 5000 BTC volume (which: they didn't. I am being very generous saying 5k monthly wagered).

5000 * 0.019 = 95 BTC Profit (Before fees)
95 *0.02 = 1.9 BTC increase

You are claiming you earned twice as much as you did (again... not even including fees). Cut the bullshit.



And to all of those saying the # of bets don't matter... They do and they don't. What it signifies is that SatoshiDice has a very, very small userbase. 50k Bets is accomplished in under an hour on most sites. The only reason SatoshiDice is even in the middle of the pack as far as wagered volume goes is because the occasional whale drops by. The fact is SatoshiDice has a declining customer base. Not surprising considering their huge house edge.


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