I just requested Casino Coin on https://www.coinpayments.net/ . I am looking to setup a web store for my current business and would love Casino Coin to be accepted there.
If anyone can recommend a better payment system or different one or good/bad stories Id be glad to hear them!
Thanks!
Topic: [ANN][CSC] CasinoCoin - The Premiere Coin for Casino Gaming | Kimoto Enabled! - page 64. (Read 290853 times)
January 04, 2014, 10:54:45 PM
January 04, 2014, 07:59:09 PM
Some random thoughts with full disclosure that I'm not mining CSC right now, nor do I hold any, as the exchange volume isn't there yet.
- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).
- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.
- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.
Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant
- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).
- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.
- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.
Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant
+1
January 04, 2014, 07:34:43 PM
On a side note, thank you for bringing to my attention that there is currently no working block explorers for CSC. If you are able to create this and allow myself to upload it to explorer.casinocoin.org I will also provide you with the same incentives as my above post, but with a 750CSC or 100,000 DOGE reward. We can also place your donation address at the bottom of the page!
Block explorer has been working for a month or so at: http://casinocoin.mooo.com/ It's also listed in the OP. Happy to send it to you if you want it, hit me up with PM.edit: obviously I don't need/want the reward
January 04, 2014, 06:28:15 PM
Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant
I agree with all your points. Thanks for helping out casinocoin.
January 04, 2014, 05:13:09 PM
Attention everyone! Please pm me if you are a pool owner and are willing to setup a pool on a server(i purchase or setup at home) for casinocoincity.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.
Please pm me with what exactly i need to provide you and we can go from there.
As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!
On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.
Thanks everyone, hope your having a good weekend.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.
Please pm me with what exactly i need to provide you and we can go from there.
As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!
On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.
Thanks everyone, hope your having a good weekend.
I just sent you 300 coins but I am not sure if I was able to sign the message correctly or not with my forum name.
I was wondering where those came from, Thankyou so much I have taken your user name down for future reference.
Did you ask to join beta for the CsCity I don't see your name anywhere on my list I may have missed you!
On a side note, thank you for bringing to my attention that there is currently no working block explorers for CSC. If you are able to create this and allow myself to upload it to explorer.casinocoin.org I will also provide you with the same incentives as my above post, but with a 750CSC or 100,000 DOGE reward. We can also place your donation address at the bottom of the page!
Yea I requested it a few pages ago so if you still have room that would be great!
I can look into it and see what options are out there to get it up and running as fast as possible
January 04, 2014, 04:47:09 PM
Some random thoughts with full disclosure that I'm not mining CSC right now, nor do I hold any, as the exchange volume isn't there yet.
- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).
- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.
- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.
Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant
- As and when CSC is marketed to existing online casino operations, the point needs to be hammered home repeatedly that transactions using crypto currencies carry zero reversal risk. The online gaming industry as a whole has horrific credit card chargeback rates as dishonest players make deposits, lose, then dispute the transaction with the card issuer. They're also a favorite target of credit card thieves. That fraud has to be paid for somewhere, most likely by an increase in the house edge, so accepting crypto currency as payment benefits both the house and honest players (assuming the casino passes on some / all of the fraud reduction savings).
- Because of the high chargeback rate, the vast majority of conventional credit card processors won't touch casino operations with the proverbial ten foot pole. The few who will process such transactions charge far higher rates as you would expect. The rate for a conventional cardholder present swiped transaction is around 1 - 1.5%, for a conventional cardholder not present (MOTO) transaction 2 - 2.5%, yet casinos are looking at rates that can be double or triple that. The transaction cost for crypto currencies is so low that it may as well be zero e.g. sending BTC currently costs 0.0001 BTC as a fee which is about 8 - 9 cents regardless of the transaction size. That's a massive cost savings.
- What is sorely needed before widespread adoption can take place is a means to quickly convert CSC to USD / EUR / etc without the need to convert to BTC first at a fluctuating exchange rate. No way you're going to sell existing operations on taking on two sets of exchange rate risk: CSC to BTC and then BTC to USD / EUR. It would be an accounting and logistics nightmare. CSC needs to follow the example of BTC (e.g. via CoinBase), WDC (beta - Scharmbeck), and EAC (rumored) in establishing a means to go directly from CSC to fiat. If this was an automated back-end process that was built in to a set of merchant processing tools then so much the better. What I envisage is a player depositing CSC via merchant tools, and those CSC are instantly converted to USD / EUR at the prevailing exchange rate then sent via ACH to the merchant's bank account once per day. CoinBase has such merchant tools available, and others like CoinPayments.net show promise for alternative cryptos.
Apologies if any of this has been discussed before in this long thread, my intention certainly isn't to be redundant
January 04, 2014, 03:32:30 PM
Anyone willing to trade some CasinoCoin for Particles or Electricity? I'll probably end up buying some on Cryptsy as I think they're a good investment, but would much prefer to trade.
January 04, 2014, 03:29:51 PM
Just send 150csc to the donation address.
January 04, 2014, 02:41:51 PM
Attention everyone! Please pm me if you are a pool owner and are willing to setup a pool on a server(i purchase or setup at home) for casinocoincity.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.
Please pm me with what exactly i need to provide you and we can go from there.
As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!
On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.
Thanks everyone, hope your having a good weekend.
it will be only a csc pool and all fees will be used for cscity house bets.
1,000 CSC reward directly to your wallet to the person who can do this for me as well exclusive access to all games including a lifetime top tier status in our casinos future rewards program.
Please pm me with what exactly i need to provide you and we can go from there.
As you can tell i might be a little frustrated on trying to setup one myself. I understand a pool requires alot of dedication and maintenance, but some of you haven proven your vast understanding of the concept and could kickstart this a lot faster then me!
On a side note, SLOT READY TUESDAY! Beta testers will get there pm at 1:00am est Tuesday.
List will be posted Sunday please look for your name there and if you do not get a pm then you are still welcome to test.
Any donations are still accepted address in my sig, remember based on your stance in the community and if you have donated will be the amount I provide you to play with during testing.
If everything goes well next week will be a step forward into the future for CasinoCoin, and CasinoCoinCity.
Thanks everyone, hope your having a good weekend.
I just sent you 300 coins but I am not sure if I was able to sign the message correctly or not with my forum name.
January 04, 2014, 02:14:31 PM
^^
spammers :|
I have been meaning to write a gnuplot script that would make it more pretty, but haven't had time yet.
spammers :|
Hey, is there some place where we can see difficulty increase ?
This is the best I know of (and it's not very good): http://casinocoin.mooo.com/chain/CasinoCoin/q/nethashI have been meaning to write a gnuplot script that would make it more pretty, but haven't had time yet.
January 04, 2014, 01:17:39 PM
CSC.DEDICATEDPOOL.COM
Benefits of Mining on DEDICATEDPOOL.COM
- Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
- Full 24/7 support available at [email protected]
- Mine interrupted - dedicated servers w/redundancy, DDoS protection.
- Trustworthy admins who care about your experience and mining.
Mining Information
- Custom stratum/mpos environment
- Vardiff enabled
- PROP payout system
- Everything is transparent - blocks, donations, fees.
Server Infrastructure
- Redundant servers in different datalocations
- DDoS protection at switch level
- 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
- Ramdisks, memcaches, to make things go extremely quick
The Future
- Implementing a full ticketing system
- Phone and SMS support.. yes phone! Call and talk to someone real.
- More servers, more power, more scalability.
I hope you take the time to come give us a try and find out why we are different than every other pool out there. There are some great pools in casinocoin, I have to admit, but we are different because we treat your mining like a business with full 24/7 email support, support on IRC, and soon to come SMS, and telephone support as well.
If you have any suggestions or comments please let us know [email protected] and we'd be happy to respond.
January 04, 2014, 09:23:45 AM
Hey, is there some place where we can see difficulty increase ?
Also, isnt it a good idea that all links work on http://casinoco.in/ ? I think currently Tutorials, Forum and Support are not working, there are so many helpful guides about mining, why dont we just link to them ? or if that is not an option, if some one re writes them so they are good for CSC ?
The last suggestion i have is about facebook, with a decent fb campaign we can get a lot of attention to casino coin. I can find a lot of groups so the reach would be very nice. Facebook ads would also do a great job, i would donate my self some in that direction and if all works fine this can continue on donations ?
I simply love the idea behind the casino coin and think there is a lot of room for improvement. There are just a lot of simple things that can be done that will have a significant affect.
Cheers.
Also, isnt it a good idea that all links work on http://casinoco.in/ ? I think currently Tutorials, Forum and Support are not working, there are so many helpful guides about mining, why dont we just link to them ? or if that is not an option, if some one re writes them so they are good for CSC ?
The last suggestion i have is about facebook, with a decent fb campaign we can get a lot of attention to casino coin. I can find a lot of groups so the reach would be very nice. Facebook ads would also do a great job, i would donate my self some in that direction and if all works fine this can continue on donations ?
I simply love the idea behind the casino coin and think there is a lot of room for improvement. There are just a lot of simple things that can be done that will have a significant affect.
Cheers.
+1
After the casino is up we need to do some marketing
January 04, 2014, 09:01:41 AM
Hey, is there some place where we can see difficulty increase ?
Also, isnt it a good idea that all links work on http://casinoco.in/ ? I think currently Tutorials, Forum and Support are not working, there are so many helpful guides about mining, why dont we just link to them ? or if that is not an option, if some one re writes them so they are good for CSC ?
The last suggestion i have is about facebook, with a decent fb campaign we can get a lot of attention to casino coin. I can find a lot of groups so the reach would be very nice. Facebook ads would also do a great job, i would donate my self some in that direction and if all works fine this can continue on donations ?
I simply love the idea behind the casino coin and think there is a lot of room for improvement. There are just a lot of simple things that can be done that will have a significant affect.
Cheers.
Also, isnt it a good idea that all links work on http://casinoco.in/ ? I think currently Tutorials, Forum and Support are not working, there are so many helpful guides about mining, why dont we just link to them ? or if that is not an option, if some one re writes them so they are good for CSC ?
The last suggestion i have is about facebook, with a decent fb campaign we can get a lot of attention to casino coin. I can find a lot of groups so the reach would be very nice. Facebook ads would also do a great job, i would donate my self some in that direction and if all works fine this can continue on donations ?
I simply love the idea behind the casino coin and think there is a lot of room for improvement. There are just a lot of simple things that can be done that will have a significant affect.
Cheers.
January 04, 2014, 08:31:12 AM
Asked about putting up CSC on Coinedup via twitter also. 
https://twitter.com/jakimanboy/status/419445627630530560
https://twitter.com/jakimanboy/status/419445627630530560
January 04, 2014, 04:47:14 AM
January 03, 2014, 10:27:40 PM
Since i am a mobile application developer i started working on a Mobile CSC Wallet. It will be crossplatform but first only available on Android. Next will be iPhone, Windows Phone and Blackberry. I have choosen to make a hybrid version which means that the actual wallet and transactions take place on the server while the app will have an offline storage of the same. To be able to make transactions you will need to be online. Main reason to go for a hybrid version is compilation of wallet software per platform and downloading the initial block chain to the device, both are not necessary with a server wallet.
In about 2-3 weeks i will need some testers for the Android app. You will have to sideload the app because it will not be available through google play yet, by the way not sure if there will be restrictions to get this published??
Beta testing will be conducted first with my own pool miners over at https://www.megamineros.com/CSC so if you want to be in on the first tests head your miners over there. Beta testers will also benefit from a 6 month free of charge usage of the app after we go live. For the rest there will be transaction fees on the wallet usage (as with all other online wallets and exchanges).
Some first screenshots:
http://www.megamineros.com/wp-content/uploads/2014/01/splash-screen.png
http://www.megamineros.com/wp-content/uploads/2014/01/screenshot1.png
http://www.megamineros.com/wp-content/uploads/2014/01/screenshot2.png
In about 2-3 weeks i will need some testers for the Android app. You will have to sideload the app because it will not be available through google play yet, by the way not sure if there will be restrictions to get this published??
Beta testing will be conducted first with my own pool miners over at https://www.megamineros.com/CSC so if you want to be in on the first tests head your miners over there. Beta testers will also benefit from a 6 month free of charge usage of the app after we go live. For the rest there will be transaction fees on the wallet usage (as with all other online wallets and exchanges).
Some first screenshots:
http://www.megamineros.com/wp-content/uploads/2014/01/splash-screen.png
http://www.megamineros.com/wp-content/uploads/2014/01/screenshot1.png
http://www.megamineros.com/wp-content/uploads/2014/01/screenshot2.png
January 03, 2014, 07:35:14 PM
It sounds like the transaction times of CSC (or any Crypto for that matter) isn't suited to actually playing games real time.
I personally think:
- Make a in-house casino chip for the casino. (Not a crypto but just an in-house chip which goes by the exchange rate of CSC)
- Then allow players do 1:1 conversion of CSC into the in-house chip within the Casino. (with CSC confirmation of course)
- The in-house chip will allow real time play / transactions within the casino without needing confirmations like crypto.
- Then once player wants to cash out, allow the in-house chip to be converted to BTC or CSC at the current CSC exchange rate.
** Casino itself could have a CSC/BTC exchange so that people don't have to go to Cryptsy to do the exchanges.
** But make sure that only CSC is accepted for buying in-house chips. Forcing people to "buy/mine/need" CSC more.
This removes the weakness of crypto while playing games (unconfirmed coins, no need to wait etc) and also ensures CSC is traded with BTC more.
This should allow more BTC to flow into CSC in the exchanges and make the value of CSC go up hopefully. It's a win-win.
What do people think?
I personally think:
- Make a in-house casino chip for the casino. (Not a crypto but just an in-house chip which goes by the exchange rate of CSC)
- Then allow players do 1:1 conversion of CSC into the in-house chip within the Casino. (with CSC confirmation of course)
- The in-house chip will allow real time play / transactions within the casino without needing confirmations like crypto.
- Then once player wants to cash out, allow the in-house chip to be converted to BTC or CSC at the current CSC exchange rate.
** Casino itself could have a CSC/BTC exchange so that people don't have to go to Cryptsy to do the exchanges.
** But make sure that only CSC is accepted for buying in-house chips. Forcing people to "buy/mine/need" CSC more.
This removes the weakness of crypto while playing games (unconfirmed coins, no need to wait etc) and also ensures CSC is traded with BTC more.
This should allow more BTC to flow into CSC in the exchanges and make the value of CSC go up hopefully. It's a win-win.
What do people think?
January 03, 2014, 12:34:57 PM
The osx wallet doesn't work on mavericks? 
January 03, 2014, 05:41:36 PM
Currently Sitting at 21956 CSC to cover House Bets. This may limit the amount of persons at initial launch to deal with the winnings and payouts.
I think it would be fine for the machine to be minimum 0.01 CSC per line with a max of 0.20 CSC per line at launch. Bigger bet machines later.
Will you have a comprehensive stat system built in so you know who played how much won / lost / deposited / withdrew per hour/day etc?
Per machine/game and per user account etc. I think a good stat system is crucial for a casino.
Also, at launch of the casino, it would be good to create a new buzz thread with some incentives to join.play such as: (numbers are examples)
(Maybe even create the such thread when the beta testing starts to create some pre-launch buzz / interest & donations)
- A signup bonus of 5 CSC to first 100 users who sign up with a unique email address and go through the email confirmation.
- A signup bonus of 1 CSC to the next 200 users who sign up with a unique email address and go through the email confirmation.
- A random jackpot of 10 CSC everyday to 1 account who plays at least 50 CSC worth of bets that day.
- A random jackpot of 50 CSC everyday to 1 account who plays at least 500 CSC worth of bets that day.
And have the winners announced every 24 hours on the main casino front page / news ticker & also via email.
Will you have blackjack and/or roulette on the beta test / launch day also?
BTW, I have just donated another 10 CSC for your house bets.
Jump to: