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ubitcoin (OP)
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March 01, 2015, 10:30:39 AM |
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Does any one know that where the dice sites store pf coins ??
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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syamster
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March 01, 2015, 10:54:33 AM |
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I didnt understood your question.. actually are you asking about the invested coins ? or anything else
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XinXan
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March 01, 2015, 10:58:48 AM |
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In wallets where else they could store them?
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AltcoinInvestor
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March 01, 2015, 11:04:53 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
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neoneros
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March 01, 2015, 11:19:58 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings. |
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buddu
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March 01, 2015, 11:22:47 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
Well explained this is very informative so our deposits are safe and secure as they are in cold wallets. |
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boopy265420
Legendary
 Offline
Activity: 1876
Merit: 1005
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March 01, 2015, 11:36:23 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings. I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place. |
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Astargath
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March 01, 2015, 11:37:44 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings. I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place. Nothing is really safe (mtgox, bter) |
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chaosknight
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March 01, 2015, 02:32:34 PM |
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they store them on their wallet servers, some sites with high volume also store a big part of their money in cold wallets
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bitbaby
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March 04, 2015, 02:56:25 AM |
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I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place.
Actually, it's the other way around, some new sites you'll see have no instant payments option, they require you to wait up-to 24 hours to send you your withdrawal. They do this because they don't keep any money in their hot wallets and they manually check each withdrawal and then send money from their cold wallet. |
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yenzae0215
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March 04, 2015, 03:08:59 AM |
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Does any one know that where the dice sites store pf coins ??
most gambling sites store their coins in their cold wallet and will only use it to top up the hot wallet used in instant payouts |
Banned**
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Snipe85
Sr. Member
Offline
Activity: 756
Merit: 250
Infleum
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March 04, 2015, 03:27:30 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings. I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place. Nothing is really safe (mtgox, bter) Gox and bter were most likely inside jobs. Karpeles is a mental child. He was too focused on writing code every day to notice his employees are emptying his pockets. |
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anshar
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March 04, 2015, 03:29:51 AM |
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This should clarify things a little:
Usually 90%+ of coins are stored safe in an offline cold wallet
The rest is in a hot wallet, that is actively receving deposits and paying out withdrawals.
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RHavar
Legendary
Offline
Activity: 2557
Merit: 1886
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March 04, 2015, 03:30:00 AM |
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It depends greatly on the casino, with Money Pot for instance I try keep between 15 and 30 BTC in the hot wallet at all times. Withdrawals deduct from the hot wallet, deposits increase it. When I notice the hot wallet getting low, I typically will do a quick sanity check that everything looks fine and deposit money from a warm wallet (which normally contains 0 to 50 BTC), or if required from cold storage (which contains the rest). If the hot wallet gets too big, I will spill it into the warm wallet or cold storage.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of. |
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Agestorzrxx
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March 04, 2015, 04:28:24 AM |
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I thinks it like most of exchange site.
Most of coins should be stored to cold wallet.
And some store in hot wallet.
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Bobbax
Member
Offline
Activity: 70
Merit: 10
Cryptocoins-dice.com
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March 04, 2015, 06:17:29 AM |
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Cryptocoins-dice.com is one of the rare dice-game to providing a proof-of-reserve (for all coin: BTC DOGE XMR XMG XRP). You'll find all the files related to the PoR on that thread: https://bitcointalk.org/index.php?topic=956800.0These are the Cold-wallets. |
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noma
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March 04, 2015, 06:22:09 AM |
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Does any one know that where the dice sites store pf coins ??
They usually have the API which performs the sweep. Else they have a cold storage for storing coins |
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Nobitcoin
Legendary
Offline
Activity: 966
Merit: 1000
In holiday we trust
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March 04, 2015, 10:11:18 AM |
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Why you interested? So you can try and hack their wallets  |
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shulio
Legendary
Offline
Activity: 1540
Merit: 1016
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March 04, 2015, 10:20:51 AM |
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Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.
If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).
I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings. some casinos secure it in cold wallet, but mostly the withdrawal that occurs on a gambling sites usuall comes from the hot wallet , only a few lucky guy manage to bust the cold wallet, i.e hufflepuff that rob PrimeDice |
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noma
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March 04, 2015, 10:22:10 AM |
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Why you interested? So you can try and hack their wallets Maybe he is trying to build his own site and wants to understand how does storage coins work. |
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Omikifuse
Legendary
Offline
Activity: 1750
Merit: 1009
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March 04, 2015, 10:41:10 AM |
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Why you interested? So you can try and hack their wallets Maybe he is trying to build his own site and wants to understand how does storage coins work. if he doesn't know what is hot and cold wallets then he has a long path ahead, whatever he would like to do. (and what is pf coins, btw?) |
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shulio
Legendary
Offline
Activity: 1540
Merit: 1016
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March 04, 2015, 11:17:07 AM |
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Why you interested? So you can try and hack their wallets Maybe he is trying to build his own site and wants to understand how does storage coins work. if he doesn't know what is hot and cold wallets then he has a long path ahead, whatever he would like to do. (and what is pf coins, btw?) could be letter "o" of coins still doesnt get what he means if he is looking for the wallt of the casino then he wont find it, since casino always use mixer to do their transactions for security purposes |
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