After Mining divert into Gambling | Bitcointalksearch.org

cate12h

newbie

Activity: 3

Merit: 0

Quote from: byronbb on July 05, 2013, 11:31:01 PM

Someone needs to create a mining pool that basically has miners compete for tickets then when they mine a block they randomly pull a ticket and reward the winner. So in effect a small GPU miner would be spending their electricity to buy a lottery ticket.

But still you are a member of a pool and the profit is still smaller because you have to divide it on how many members you are

ssaCEO

hero member

Activity: 568

Merit: 500

Why in God's name is this incredibly lame spam post for bitboomba being allowed to evolve into a serious... ahem, a "serious" conversation about whether it's possible to beat the house at Roulette?

For anyone who hasn't heard yet: It's not.

I would say Bitboomba should control what their affiliates are spamming here, but it's probably the owner. Would you trust a company that used tactics like this with your money? I think they're doing themselves more harm than good...

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Someone needs to create a mining pool that basically has miners compete for tickets then when they mine a block they randomly pull a ticket and reward the winner. So in effect a small GPU miner would be spending their electricity to buy a lottery ticket.

bybitcoin

hero member

Activity: 672

Merit: 500

Quote from: ?? on ??

@bybitcoin do you have any other roulette strategy aside from poker?

@jaydenM the website interface is user friendly and good for newbies

@bit777 I've heard your website before might try it by next week, anyway regarding with my post I'm just amazed with it, maybe after my experience with your website I might post what I feel about it

@Dabs Yes I've heard that one but wasn't able to fully understand , correct me if I'm wrong is dice mining some sort of scam? because you said that "But beware, someone lost 100 BTC this way."

You can apply Martingale method and try Satoshi(like)dices, but I wouldn't advice it, beside it is -EV, the martingale method will make guaranteed profit if you suppose to have enough large amount of coins (enough means infinite theoretically). Otherwise you may lose a lot in between.
The point about poker that makes it +EV, despite rakes the house charges, is that skill is a crucial factor. If you know what you do, you can make it big. Although 95% of players lose and only 5% make a profit, less than 1% of them big profit.
So if you do not rely on your analytic ability to compete, poker is not a good egg as well to bet on.

bit777

sr. member

Activity: 420

Merit: 250

Quote from: Dabs on July 04, 2013, 10:43:11 AM

I'm doing something, I call it dice-mining, using my dice-miner. It works on many pools like the satoshi-dice-miner with direct blockchain access, the coinroll-miner with api, the primedice-miner, and the latest is the just-dice-miner with javascript enhancement.

Makes bitcoins per click, depending on internet connection speed, as opposed to waiting for either share dividends every other week, or waiting for your vaporware pre-order gigahash mining rig that hasn't arrived yet.

I'm currently hashing at about 0.1 BTC per day. You can even pick the percentage of finding the next block.

But beware, someone lost 100 BTC this way. You have to set it correctly.

LOL Dabs

If all miners were like you... it would have been a beautiful world.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

I'm doing something, I call it dice-mining, using my dice-miner. It works on many pools like the satoshi-dice-miner with direct blockchain access, the coinroll-miner with api, the primedice-miner, and the latest is the just-dice-miner with javascript enhancement.

Makes bitcoins per click, depending on internet connection speed, as opposed to waiting for either share dividends every other week, or waiting for your vaporware pre-order gigahash mining rig that hasn't arrived yet.

I'm currently hashing at about 0.1 BTC per day. You can even pick the percentage of finding the next block.

But beware, someone lost 100 BTC this way. You have to set it correctly.

bit777

sr. member

Activity: 420

Merit: 250

Instead of schilling for bitoomba in such a ridiculous manner (already saw a few threads), why don't you just introduce it to the forum with a full thread with information?

jaydenM

newbie

Activity: 8

Merit: 0

Something intense is happening here

Anyway I'd like to point out that good thing you shifted your career Cate12h from mathematician to gambler LOL Grin

I'm actually very new with the bitcoin world, although I am a casino player I bought bitcoins last week and was figuring if I should start wagering. Hmmm... are you sure that bitoomba is a piece of something to start I hate playing with websites that are unlike and full of advertising

bybitcoin

hero member

Activity: 672

Merit: 500

No it doesn't make it -EV, because there is a strategy behind poker playing, that's why there are some big winners, called pros that play on their own.
Live poker rooms also rake, but there are consistent winner. Poker has been recently marked as a game of skill in US, so by pro playing, one can beat the rake and much more.

giantdragon

legendary

Activity: 1582

Merit: 1002

Quote from: bybitcoin on July 03, 2013, 04:52:37 PM

The only +EV game I know is poker.

All poker rooms that I know charge rake, which makes the game -EV.

bybitcoin

hero member

Activity: 672

Merit: 500

If you are certain about gambling, then play the +EV games. Most casino games are -EV (you may win here and there, but in the long run you will lose for sure, no need to say some lose all at the initial steps) The only +EV game I know is poker. You can also try trading (forex or stocks) but the second one is more sticky and time consuming that poker. If you needed education in one of them, please let me know.

PurpleTentacle

sr. member

Activity: 384

Merit: 250

Quote from: vlees on July 03, 2013, 06:05:20 AM

It's easy to get free BTC. Ask with several accounts for a 0.5 - 1BTC loan*. Someone will eventually give it to you (@joey vs @austin)

*loan: The act of giving money to a another party in exchange for future repayment of the principal amount along with interest. In this case a mandatory interest rate of -100% is applied regardless of the loan duration. (who's joey/austin?)

vlees

full member

Activity: 196

Merit: 100

Quote from: PurpleTentacle on July 03, 2013, 02:16:44 AM

It's easy to get free BTC. Ask with several accounts for a 0.5 - 1BTC loan. Someone will eventually give it to you (@joey vs @austin)

PurpleTentacle

sr. member

Activity: 384

Merit: 250

KingOfSports

hero member

Activity: 602

Merit: 500

Acc bought - used solely for signature testing

Quote from: Rippyzippers on July 02, 2013, 09:38:39 PM

^ Do not give this user anything, He's an ongoing scammer.

Best advise I can give you is to not rely on Gambling as a steady means of profit. The house always wins.

+1

Rippyzippers

member

Activity: 84

Merit: 10

^ Do not give this user anything, He's an ongoing scammer.

Best advise I can give you is to not rely on Gambling as a steady means of profit. The house always wins.

cate12h

newbie

Activity: 3

Merit: 0

Topic: After Mining divert into Gambling (Read 1328 times)