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Author Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game  (Read 450536 times)
BTCAFFE
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May 29, 2016, 12:29:22 AM
 #4121

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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Bitcoin.Expert
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May 29, 2016, 12:32:01 AM
 #4122

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
 #4123

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.
Randian Hero
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May 29, 2016, 12:36:19 AM
 #4124

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

Yes, we will, next week!

Randian Hero
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May 29, 2016, 12:40:18 AM
 #4125

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.

coinspiracy
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May 29, 2016, 12:45:46 AM
 #4126

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?
PHP.guru
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May 29, 2016, 12:56:19 AM
 #4127



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.

Helix61be
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May 29, 2016, 08:15:41 AM
 #4128

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
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May 29, 2016, 04:10:48 PM
 #4129

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.


Helix61be
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May 29, 2016, 05:26:03 PM
 #4130

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.



You sound stupid as hell, please check my posting history, i too had account issues with satoshidice that took weeks.
So shill accounts really?
I got no reason whatsoever to defend anything, im just sharing my experience so stop being ignorant.
Randian Hero
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Democracy is the original 51% attack.


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May 29, 2016, 05:52:55 PM
 #4131

There were a few accounts that still could not login without confirming their email addresses and I have now fixed this. If you had problems confirming the email of the account before, you can now login normally without confirmation.

The issue causing withdrawals to take about 15 seconds has also been identified and will be sorted out soon.

TemplarKnightUK
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May 29, 2016, 08:08:48 PM
 #4132

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

Yes, we will, next week!

What are the specifics of this signature campaign?

Also, what is your contingency for held funds should the site be taken down? Would it be prudent to ask investors (and those with significant sums still playing) for an emergency address that their cold funds could be sent to in that extreme case? Or would it just be back to the addresses from which deposits came (bear in mind that for many hosted wallets the outgoing addresses don't correlate to the wallets)?

Good to see a lot of effort is being put into communication, though; keep it up!

Randian Hero
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May 30, 2016, 12:11:04 AM
 #4133

Again, we're aware that withdrawals take 20+ seconds to get broadcasted to the Bitcoin network. This might also slow down invest and divest transactions. We have stared writing the script that will prune unused accounts and addresses. The new version of Satoshi Dice will also not create new users and addresses before they have actually signed in. In effect, we will no longer run into these kinds of problems.

joksim299
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May 30, 2016, 08:48:00 AM
 #4134

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.




Investors make money on sites profit not wagered , their profit is above EV

nygaar
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May 30, 2016, 12:27:24 PM
 #4135

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

There has been a lot of talk about it anyway, should probably come soon, feel like they have been very active this last week.

Randian Hero
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Democracy is the original 51% attack.


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May 30, 2016, 02:20:18 PM
 #4136

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.




Investors make money on sites profit not wagered , their profit is above EV

And as mentioned before, the slot game wagers are not included in the statistics that dicesites.com is posting.

coinspiracy
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May 30, 2016, 07:22:53 PM
 #4137

I see the bankroll is growing again for the first time in weeks (unless I missed something). Some investors getting back in?
Randian Hero
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Democracy is the original 51% attack.


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May 30, 2016, 08:48:39 PM
 #4138

I see the bankroll is growing again for the first time in weeks (unless I missed something). Some investors getting back in?

Yes but not much so far.

TemplarKnightUK
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May 30, 2016, 09:21:47 PM
 #4139

As to having an address-of-last-resort in case of an existential threat to SD?...

coinspiracy
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May 30, 2016, 10:20:43 PM
 #4140

As to having an address-of-last-resort in case of an existential threat to SD?...

What do you mean? There was like 1000 BTC that seems to have been withdrawn from investments. Quite a big investor(s) leaving. But now the bankroll started to increase again, meaning someone invested 100 or so (unless I missed something). Either way is fine since less bankroll gives me a bigger stake, but bigger bankroll could attract higher bets and more potential wins for investors.
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