Topic: bustadice – Next Generation Dice - page 13. (Read 37585 times)
This is bustadice thread, the thread you mentioned is bustabit.
site down again?
The original site doesn't have any problems even I just checked it properly.Double check the url so that you are correct by visiting the official bustadice site.
[Warning]: New Bustabit phishing site - 1 day old
site down again?
Nope. I can visit bustadice smoothly without any problem now. Try to re-check your connection 
site down again?
Still the warning message about the maintenance is showing when enters into the side, should be removed. 
Thanks! I didn't have an opportunity to respond right away, but I removed the message after I saw your post.
bustadice is back online. Sorry for the delay!
I can confirm that bustadice back into online from myside as well. Still the warning message about the maintenance is showing when enters into the side, should be removed.
bustadice is back online. Sorry for the delay!
Unfortunately I underestimated how long it would take and it looks like bustadice will be offline for at least another hour. I will update this thread as soon as it's back online.
bustadice will be offline for a planned database migration on January 1, 2021 starting at 9:00 UTC and will be offline for up to six hours. Deposits made during this time will be credited as soon as bustadice is back online. Queued withdrawals will not be processed while bustadice is offline and will be processed once bustadice is back online.
As always I'll keep this thread updated.
As always I'll keep this thread updated.
I just compiled the historical wager volume for both in Bitcoin and in USD (at the daily average price) for bustabit over in its thread. Maybe the same information for bustadice is useful to some bankroll investors or at least interesting :
Just comparing between bustabit & bustadice total wagered, while on bustabit, total wagered for each month seems more "steady" than bustadice, which is decreased. :Seems people are more interested with crash game rather than dice game or they are more familiar with bustabit than bustadice.
I just compiled the historical wager volume for both in Bitcoin and in USD (at the daily average price) for bustabit over in its thread. Maybe the same information for bustadice is useful to some bankroll investors or at least interesting :
:Code:
month | wagered_btc | wagered_usd
---------+----------------+-----------------
2017-10 | 848.30518500 | $4,633,850.91
2017-11 | 3929.27561200 | $28,929,665.62
2017-12 | 826.32601800 | $12,299,575.19
2018-01 | 1792.39834200 | $22,537,716.64
2018-02 | 1939.98714400 | $18,688,114.08
2018-03 | 2853.28154500 | $25,345,478.93
2018-04 | 2040.41220500 | $16,453,544.85
2018-05 | 3582.37442900 | $30,049,772.67
2018-06 | 4753.43479200 | $31,669,202.08
2018-07 | 10500.57564700 | $76,662,330.66
2018-08 | 36744.34292000 | $244,907,588.30
2018-09 | 11103.74686800 | $73,346,860.38
2018-10 | 7837.70090300 | $50,830,790.65
2018-11 | 7661.28931100 | $40,101,163.64
2018-12 | 15487.18053300 | $57,290,865.78
2019-01 | 9144.02140300 | $34,090,068.56
2019-02 | 8350.60175800 | $30,875,147.29
2019-03 | 15290.14186000 | $60,002,083.58
2019-04 | 9597.94873000 | $48,893,592.52
2019-05 | 7712.53518400 | $53,562,749.95
2019-06 | 2019.44440000 | $18,777,287.47
2019-07 | 2564.21254300 | $26,989,095.90
2019-08 | 2880.78535300 | $30,324,468.11
2019-09 | 3868.86600600 | $37,913,613.04
2019-10 | 4318.73900600 | $36,023,376.05
2019-11 | 3144.09406500 | $27,140,287.86
2019-12 | 5062.34730500 | $36,926,826.04
2020-01 | 4204.46877200 | $34,187,893.47
2020-02 | 8333.31955300 | $81,348,161.95
2020-03 | 9590.90894000 | $67,873,206.31
2020-04 | 10760.61703800 | $78,428,408.12
2020-05 | 15341.12983900 | $142,242,807.93
2020-06 | 4153.90411100 | $39,172,398.71
2020-07 | 7018.53836300 | $66,966,906.42
2020-08 | 5052.83922900 | $58,642,446.96
2020-09 | 3223.88808000 | $34,534,315.09
2020-10 | 3135.74639000 | $37,164,604.65
---------+----------------+-----------------
2017-10 | 848.30518500 | $4,633,850.91
2017-11 | 3929.27561200 | $28,929,665.62
2017-12 | 826.32601800 | $12,299,575.19
2018-01 | 1792.39834200 | $22,537,716.64
2018-02 | 1939.98714400 | $18,688,114.08
2018-03 | 2853.28154500 | $25,345,478.93
2018-04 | 2040.41220500 | $16,453,544.85
2018-05 | 3582.37442900 | $30,049,772.67
2018-06 | 4753.43479200 | $31,669,202.08
2018-07 | 10500.57564700 | $76,662,330.66
2018-08 | 36744.34292000 | $244,907,588.30
2018-09 | 11103.74686800 | $73,346,860.38
2018-10 | 7837.70090300 | $50,830,790.65
2018-11 | 7661.28931100 | $40,101,163.64
2018-12 | 15487.18053300 | $57,290,865.78
2019-01 | 9144.02140300 | $34,090,068.56
2019-02 | 8350.60175800 | $30,875,147.29
2019-03 | 15290.14186000 | $60,002,083.58
2019-04 | 9597.94873000 | $48,893,592.52
2019-05 | 7712.53518400 | $53,562,749.95
2019-06 | 2019.44440000 | $18,777,287.47
2019-07 | 2564.21254300 | $26,989,095.90
2019-08 | 2880.78535300 | $30,324,468.11
2019-09 | 3868.86600600 | $37,913,613.04
2019-10 | 4318.73900600 | $36,023,376.05
2019-11 | 3144.09406500 | $27,140,287.86
2019-12 | 5062.34730500 | $36,926,826.04
2020-01 | 4204.46877200 | $34,187,893.47
2020-02 | 8333.31955300 | $81,348,161.95
2020-03 | 9590.90894000 | $67,873,206.31
2020-04 | 10760.61703800 | $78,428,408.12
2020-05 | 15341.12983900 | $142,242,807.93
2020-06 | 4153.90411100 | $39,172,398.71
2020-07 | 7018.53836300 | $66,966,906.42
2020-08 | 5052.83922900 | $58,642,446.96
2020-09 | 3223.88808000 | $34,534,315.09
2020-10 | 3135.74639000 | $37,164,604.65
Thank you so much for the post devans. I hope it never comes to it but in the unfortunate event something untoward did happen to you all bases are covered and all investors will be able to have access to their funds.
It really is a massive responsibility for someone to carry with them on their shoulders, I would feel uncomfortable knowing I was responsible for 11,000+ BTC that people trusted me enough to invest so hats off to you.
Without going into detail, I've taken precautions to ensure that everyone including bankroll investors would be able to safely withdraw in case something were to happen to me. It may take some time, but everybody would eventually receive their money.
Hopefully that will never be necessary, though 🤞
It really is a massive responsibility for someone to carry with them on their shoulders, I would feel uncomfortable knowing I was responsible for 11,000+ BTC that people trusted me enough to invest so hats off to you.
With the greatest respect devans, which safety mechanisms are in place to ensure those 11,000+ Bitcoin investors will have access to both their profits and their investment in the unfortunate event something were to happen to you (incapacitated or death)?
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
Without going into detail, I've taken precautions to ensure that everyone including bankroll investors would be able to safely withdraw in case something were to happen to me. It may take some time, but everybody would eventually receive their money.
Hopefully that will never be necessary, though 🤞
commission rate = bankroll / 10,000 BTC
Damn, thats pretty smart.
With the greatest respect devans, which safety mechanisms are in place to ensure those 11,000+ Bitcoin investors will have access to both their profits and their investment in the unfortunate event something were to happen to you (incapacitated or death)?
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
Without going into detail, I've taken precautions to ensure that everyone including bankroll investors would be able to safely withdraw in case something were to happen to me. It may take some time, but everybody would eventually receive their money.
Hopefully that will never be necessary, though 🤞
With the greatest respect devans, which safety mechanisms are in place to ensure those 11,000+ Bitcoin investors will have access to both their profits and their investment in the unfortunate event something were to happen to you (incapacitated or death)?
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
TL;DR: On December 15, all remaining offsite investments will be removed and the commission rate will become dynamic based on the bankroll's size. This is currently beneficial for investors as it will lower the commission rate, but will disincentivize the bankroll becoming larger in the future. Players are not affected.
When I increased the bankroll commission to 50% of the expected profits in September 2019 I had hoped to reduce the size of the bankroll and therefore the total amount of investors' money bustabit and bustadice are responsible for. However, one year later the combined bankrolls still total more than 11,000 BTC. To more actively manage the size of the bankrolls I will be making two changes effective December 15:
First, offsite investing will be retired completely. This will immediately reduce the size of the bankrolls by more than 4,000 BTC and is also in the interest of fairness towards the majority of investors who did not have the opportunity to invest offsite. All remaining offsite investments will be eliminated and affected investors will receive an equivalent amount of dilution fee credits.
Second, bustabit and bustadice will both move to a dynamic commission model where the commission changes in real-time based on the size of the bankroll:
commission rate = bankroll / 10,000 BTC
On bustabit this means that the commission rate will be roughly the same as now or slightly lower. On bustadice these changes slash the commission by more than half, down to ~20%.
When I increased the bankroll commission to 50% of the expected profits in September 2019 I had hoped to reduce the size of the bankroll and therefore the total amount of investors' money bustabit and bustadice are responsible for. However, one year later the combined bankrolls still total more than 11,000 BTC. To more actively manage the size of the bankrolls I will be making two changes effective December 15:
First, offsite investing will be retired completely. This will immediately reduce the size of the bankrolls by more than 4,000 BTC and is also in the interest of fairness towards the majority of investors who did not have the opportunity to invest offsite. All remaining offsite investments will be eliminated and affected investors will receive an equivalent amount of dilution fee credits.
Second, bustabit and bustadice will both move to a dynamic commission model where the commission changes in real-time based on the size of the bankroll:
commission rate = bankroll / 10,000 BTC
On bustabit this means that the commission rate will be roughly the same as now or slightly lower. On bustadice these changes slash the commission by more than half, down to ~20%.
TL;DR: On December 15, all remaining offsite investments will be removed and the commission rate will become dynamic based on the bankroll's size. This is currently beneficial for investors as it will lower the commission rate, but will disincentivize the bankroll becoming larger in the future. Players are not affected.
When I increased the bankroll commission to 50% of the expected profits in September 2019 I had hoped to reduce the size of the bankroll and therefore the total amount of investors' money bustabit and bustadice are responsible for. However, one year later the combined bankrolls still total more than 11,000 BTC. To more actively manage the size of the bankrolls I will be making two changes effective December 15:
First, offsite investing will be retired completely. This will immediately reduce the size of the bankrolls by more than 4,000 BTC and is also in the interest of fairness towards the majority of investors who did not have the opportunity to invest offsite. All remaining offsite investments will be eliminated and affected investors will receive an equivalent amount of dilution fee credits.
Second, bustabit and bustadice will both move to a dynamic commission model where the commission changes in real-time based on the size of the bankroll:
commission rate = bankroll / 10,000 BTC
On bustabit this means that the commission rate will be roughly the same as now or slightly lower. On bustadice these changes slash the commission by more than half, down to ~20%.
When I increased the bankroll commission to 50% of the expected profits in September 2019 I had hoped to reduce the size of the bankroll and therefore the total amount of investors' money bustabit and bustadice are responsible for. However, one year later the combined bankrolls still total more than 11,000 BTC. To more actively manage the size of the bankrolls I will be making two changes effective December 15:
First, offsite investing will be retired completely. This will immediately reduce the size of the bankrolls by more than 4,000 BTC and is also in the interest of fairness towards the majority of investors who did not have the opportunity to invest offsite. All remaining offsite investments will be eliminated and affected investors will receive an equivalent amount of dilution fee credits.
Second, bustabit and bustadice will both move to a dynamic commission model where the commission changes in real-time based on the size of the bankroll:
commission rate = bankroll / 10,000 BTC
On bustabit this means that the commission rate will be roughly the same as now or slightly lower. On bustadice these changes slash the commission by more than half, down to ~20%.
It's been discussed on the chat a few times, but I don't think in the forums. But the logic for queued withdrawals is quite complex, but basically they are only processed when someone does an instant withdrawal. When someone does an instant withdrawal, it appends queued withdrawals that either: a) make the coin selection more efficient or b) are older than 12 hours but doesn't harm coin selection.
It's actually a brilliant system because it confuses most of the bitcoin analysis services because it's able to create so many "changeless" transactions, and allows people to do pretty cheap withdrawals if they're willing to wait.
It's actually a brilliant system because it confuses most of the bitcoin analysis services because it's able to create so many "changeless" transactions, and allows people to do pretty cheap withdrawals if they're willing to wait.
Most of the time I used instant withdrawal feature from bustadice that is why I asked the question which I had in my mind for few days.Yes as you said normal withdrawal fee is cheaper and it may arrives in the next few hours but you can't say that it will happen all the time because in my experience it may take upto 24 hours at rare cases which I don't want to face to be honest.Waiting is painful. 
@Lakai01 is right, For my case too, I have never had to wait for so many hours for my withdrawal to be approved. It usually takes around 6 hours or less. What I do is make a withdrawal late in the night, By the time I wake up, I find when the BTC is already in my wallet. Bustadice's flexible fee option is one of the fairest among casinos and exchanges. Most just have a fixed withdrawal fee which is usually very high regardless of the average transaction fee rate at a given time.
Most of the time I used instant withdrawal feature from bustadice that is why I asked the question which I had in my mind for few days.Yes as you said normal withdrawal fee is cheaper and it may arrives in the next few hours but you can't say that it will happen all the time because in my experience it may take upto 24 hours at rare cases which I don't want to face to be honest.Waiting is painful.
I can understand that very well, I feel the same way, that I can hardly wait for the arrival of the coins 
The 24 hours delay has never happened to me before. I usually have them paid out around 9 am (UTC) and the coins are then in my wallet by noon at the latest. Maybe the batch payment runs daily around noon? Would be worth an investigation-round
Next time I will have a closer look at what time the batch withdrawal takes place. 
Most of the time I used instant withdrawal feature from bustadice that is why I asked the question which I had in my mind for few days.Yes as you said normal withdrawal fee is cheaper and it may arrives in the next few hours but you can't say that it will happen all the time because in my experience it may take upto 24 hours at rare cases which I don't want to face to be honest.Waiting is painful.
I can understand that very well, I feel the same way, that I can hardly wait for the arrival of the coins The 24 hours delay has never happened to me before. I usually have them paid out around 9 am (UTC) and the coins are then in my wallet by noon at the latest. Maybe the batch payment runs daily around noon? Would be worth an investigation-round
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