I will die before my coin or Satoshi Poker does. Period.
Hi guys,
I am offering the domain, the software and all accounts (email, hosting etc) for satoshipoker.org on public auction.
Company specificsName: Satoshi Poker
Domain:
https://satoshipoker.org/Started: April 2013
Nature of business: Offers poker games through its downloadable poker client
Games supported: Hold'em, Omaha, Omaha hi/lo, Stud
Limit types supported: No Limit, Pot Limit, Fixed Limit
Game types supported: Cash games, Tournaments, Sit and Go's, Fifty50 Sit and go's
Total registered players: 4648
Financial informationSatoshi Poker has paid of the Enterra Poker desktop client package of $40k and fully owns the license for this software
Satoshi Poker has a custom built additional backend to securely process bitcoin deposits and withdrawals, a custom backend for handling referral and affiliate income
Satoshi Poker has $118.50/mo net operational costs for the rent of a dedicated server and VPS webhosting package (website and gameserver/bitcoin systems are hosted seperately for security reasons)
Total rake generated in 2013: 98.4 BTC
Total rake generated in 2014: 7.6 BTC
Total owed to players: 19 BTC in player balances in the system, 3.9 BTC in pending withdrawals (I will cover these funds out of the buying price so after buying, company will have 0 liabilities towards its players, software companies or whatsoever)
Total other liabilities or monthly costs: 0
Presented opportunityAlthough Satoshi Poker is not generating a lot of revenue at the moment, it provides a solid foundation for anybody aspiring to run a bitcoin poker site. As the backends are already up and running, bitcoin is fully integrated (and has never been compromised since its start a year ago) and business is fully operational, it makes a good starting point to build upon. With just a $118.50/mo in operational costs, and raking in 2.17 BTC/mo on average in 2014, the business is profitable from the moment of takeover. 1690 out of the 4648 players actually hold a balance at the site, and new owner could target those players with special promotions to come back and play at the site. After buying the site, there will be no additional costs or liabilities.
Reason for sellingAfter working on the project for the past year, sacrificing my other businesses, investing a lot of time and money and running into personal debts to get it to where it is today, I don't have the time or personal stability to move the business forward to its full potential. Since november I have been working with no marketing budget and no development budget and for the future of SP it is better if somebody with a new vision and a budget steps in and takes over. At this moment there is a deficit in player funds, and I would be able to cover them by taking out another bank loan but at this point I would rather sell it and cover all balances from the buying price, as it is pointless to run an internet business with no marketing or development budgets and basically working full time to maintain the just under $1000 in monthly turnover. I have to look for a project that gives me a paycheck and allows me more time to spend with my girlfriend who had a miscarriage while i was sitting in the waiting room in the hospital working on SP...
Auction specificsI will run the auction for 2 days only, as I would have to get a bank loan to pay the current players after this 2 day period and continue it myself as I can't let them wait for longer to process their withdrawals.
Starting bid of the auction is 30 BTC.
Auction will run for 48 hours after this post and highest bidder will receive all the accounts, passwords, logins etc by the by buyer preferred method.
Payment of buy is completely in bitcoin, of which 22.9 BTC has to be done to the hot wallet so buyer can see that in fact the balances are covered and remainder has to be sent to me to settle with SP's current investors.
For any more questions, please send me a pm or add me to skype: bp_van_oort.
Best regards,
Bart van Oort
SatoshiPoker.org
