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Author Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game  (Read 493220 times)
Randian Hero
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May 30, 2016, 12:11:04 AM
 #4121

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.
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May 30, 2016, 08:48:00 AM
 #4122

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
 #4123

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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May 30, 2016, 02:20:18 PM
 #4124

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
 #4125

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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May 30, 2016, 08:48:39 PM
 #4126

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
 #4127

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

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May 30, 2016, 10:20:43 PM
 #4128

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.
Endikadija
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May 30, 2016, 11:03:01 PM
 #4129

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game
Randian Hero
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May 30, 2016, 11:16:30 PM
 #4130

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game

Sorry about your bad luck. Speaking about this, how many of you are interedted in having a global setting to view balances in any currency?
MoneyShot2
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May 31, 2016, 08:57:58 AM
 #4131

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game

Just bad luck, i'm on the plus side still... Fingers crossed

▄▄▄▄▄▄▄
▄▄▄▄
▄▄ 【BTC】
adaseb
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May 31, 2016, 09:00:47 AM
 #4132

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game

Yeah I lost a similar amount. Honestly I am not really upset since the price of Bitcoin went up so much that with my other reserves I am still up.
CoinSiteDesigner
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May 31, 2016, 11:08:18 AM
 #4133

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game

Invest only what you could afford to lose, no point investing more than that and crying bro Smiley
CoinsOrDie
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May 31, 2016, 02:15:43 PM
 #4134

Hmm i lost 50 $ last friday there Sad((. But still it is the best bitcoin game

Invest only what you could afford to lose, no point investing more than that and crying bro Smiley

only gamble with what you can afford, had you invested, you had made a profit  Wink

Tabatadze
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May 31, 2016, 04:05:13 PM
 #4135

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.

guess it will slowly increase if you continue to be available here.
Bitcoin Foundation
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May 31, 2016, 07:10:35 PM
 #4136

So what do you do to avoid being DDoS attacked again?
RocketSingh
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May 31, 2016, 07:47:20 PM
 #4137

So what do you do to avoid being DDoS attacked again?
Are they under DDoS? I thought they are pretty dead now.
coinspiracy
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June 01, 2016, 07:24:24 AM
 #4138

So what do you do to avoid being DDoS attacked again?
Are they under DDoS? I thought they are pretty dead now.

No they are not, but in recent weeks there have been major problems.
fortuity
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June 01, 2016, 09:58:57 AM
 #4139

So what do you do to avoid being DDoS attacked again?
Are they under DDoS? I thought they are pretty dead now.

No they are not, but in recent weeks there have been major problems.

after each attack the protection will be stronger, think it will take long time before the next downtime.
lucasej
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June 01, 2016, 01:33:38 PM
 #4140

So what do you do to avoid being DDoS attacked again?
Are they under DDoS? I thought they are pretty dead now.

No they are not, but in recent weeks there have been major problems.

after each attack the protection will be stronger, think it will take long time before the next downtime.

yes, and all accounts and Bitcoins are still intact.
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