bustadice – Next Generation Dice - page 14.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: devans on November 11, 2020, 11:59:18 AM

bustadice estimates the fee with two different methods and then uses the more conservative (i.e. higher) estimate. The first estimate is based on the most recent blocks that were mined. This estimate is good at recognizing a volatile fee market. Even if the mempool is empty now, if the transaction fees in its rolling window were high it will tend to err on the high side. However, it's slow to react to fees suddenly spiking because it only takes into account blocks that have actually been mined. That's where the second estimate comes in: The second estimate looks at current mempool and gauges what the fee rate needs to be for a transaction to be in included in the next block (i.e. the top 1 MB of the mempool) with a high probability.

Estimating fees this way is not without downside. Like you noticed, it can be relatively slow to react to a backlog that's being cleared. But the upside is that our fees are very low whenever the size of the mempool is relatively constant and that withdrawals rarely become "stuck".

Thanks for clearing my doubt.

Yes I agree that withdrawal from bustadice never stuck from my experiences it will be confirmed in the next 30 minutes and also the fees are relatively low in the [ast even when the mempool get clogged with higher number of transaction that is the main reason why I had this doubt.

Quote from: Lakai01 on November 11, 2020, 02:50:31 AM

Quote from: Findingnemo on November 10, 2020, 10:50:30 AM

Mempool looks empty right now https://mempool.space/ but still the withdrawal for instant withdrawal is higher compared to the required fee but normally bustadice offer the lowest withdrawal fee for the transaction even if it is an instant withdrawal request.

But to be honest, I would generally not use instant withdraws. Currently the fees for a delayed withdrawal (which usually arrives within a few hours anyways) are as follows:

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. Grin

devans

sr. member

Activity: 528

Merit: 368

bustadice estimates the fee with two different methods and then uses the more conservative (i.e. higher) estimate. The first estimate is based on the most recent blocks that were mined. This estimate is good at recognizing a volatile fee market. Even if the mempool is empty now, if the transaction fees in its rolling window were high it will tend to err on the high side. However, it's slow to react to fees suddenly spiking because it only takes into account blocks that have actually been mined. That's where the second estimate comes in: The second estimate looks at current mempool and gauges what the fee rate needs to be for a transaction to be in included in the next block (i.e. the top 1 MB of the mempool) with a high probability.

Estimating fees this way is not without downside. Like you noticed, it can be relatively slow to react to a backlog that's being cleared. But the upside is that our fees are very low whenever the size of the mempool is relatively constant and that withdrawals rarely become "stuck".

Lakai01

legendary

Activity: 2520

Merit: 3054

Enjoy 500% bonus + 70 FS

Quote from: Findingnemo on November 10, 2020, 10:50:30 AM

Mempool looks empty right now https://mempool.space/ but still the withdrawal for instant withdrawal is higher compared to the required fee but normally bustadice offer the lowest withdrawal fee for the transaction even if it is an instant withdrawal request.

I don't think this is a bug, because I don't think bustadice calculates the withdrawal fees itself, but gets them via an API.

But to be honest, I would generally not use instant withdraws. Currently the fees for a delayed withdrawal (which usually arrives within a few hours anyways) are as follows:

Whereas an instant withdraw is 5 times more expensive:

So I would only use it in exceptional cases when I really need the BTC urgently (by "urgently" I mean in the next 30 minutes). However, if I can live with the fact that the coins are delayed for a few hours, non-instant withdraws are definitely the best choice, especially if you make withdrawals on a regular basis.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Mempool looks empty right now https://mempool.space/ but still the withdrawal for instant withdrawal is higher compared to the required fee but normally bustadice offer the lowest withdrawal fee for the transaction even if it is an instant withdrawal request.

Is there any bug in identifying the required transaction fee?

devans

sr. member

Activity: 528

Merit: 368

bustadice's fairness verification tool is open source and fairly easy to audit if you know a bit of JavaScript, but if you prefer an alternative it looks like someone created a third-party verification tool: https://www.btcgosu.com/tools/provably-fair-verifier/#bustadice

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Pmalek on October 11, 2020, 02:31:44 PM

If you are saying that the IP location is not reliable enough, can you tell me what is the more superior method that Bustadice uses to prevent players from restricted countries from accessing the site?

I was was just pointing out that using IP geolocation is very limited in its effectiveness. Many people will get through when they shouldn't and many others will be blocked unnecessarily. The only reason casinos do it is because of the terms of their licence.

Quote from: Pmalek on October 11, 2020, 02:31:44 PM

Requesting KYC before processing a withdrawal isn't it. When that happens, the player could have already gambled at the platform. What is done to stop them from getting in in the first place?

You could ask for KYC before allowing them to deposit. The Curaçao license isn't that strict so it isn't necessary. Some other licenses do require it.

Quote from: devans on October 08, 2020, 09:23:45 AM

It is up to the player to comply with all applicable laws in their jurisdiction.

That's the important point. It isn't illegal for a Bitcoin casino to take bets from anywhere. The condition here is fulfilling the terms on any licence issued. If the Curaçao license only requires them to "not knowingly allow to gamble" that isn't the same as "must block".

Others have pointed out that Bustdice doesn't use it as an excuse not to payout. If I understand you correctly that was your concern here. Whether they simply ask people not to gamble or use IP blocking which is only partially effective doesn't seem particularly important to me. As long as the casino is happy it is complying with its licence and the players are happy they are getting paid I can't see a problem.

malevolent

legendary

Activity: 3472

Merit: 1724

Quote from: TheQuin on October 10, 2020, 10:09:58 PM

The IP location databases only claim to have 60% accuracy outside of the USA. The fact that other casinos use it and you didn't come across a wrongly assigned address in some very limited testing doesn't necessarily mean it is reliable.

Yeah, I've been blocked despite my country not making the prohibited jurisdictions lists on more than one occasion, the most recent one was on wolf.bet. Funny thing, a free VPN was enough to evade the block (my country was later added to the list despite the fact that using cryptocurrencies to gamble is the working loophole to go around otherwise restrictive gambling laws, not sure whether their gambling license authority requires this of them...).

Quote from: Pmalek on October 11, 2020, 02:31:44 PM

I wouldn't know about those numbers and their accuracy so I can't comment whether or not that 60% you posted is correct or not. If you are saying that the IP location is not reliable enough, can you tell me what is the more superior method that Bustadice uses to prevent players from restricted countries from accessing the site? Requesting KYC before processing a withdrawal isn't it. When that happens, the player could have already gambled at the platform. What is done to stop them from getting in in the first place?

I assume they'll ask for KYC only if the player admits to using the site from a country prohibited by the Terms of Service.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: TheQuin on October 10, 2020, 10:09:58 PM

The IP location databases only claim to have 60% accuracy outside of the USA. The fact that other casinos use it and you didn't come across a wrongly assigned address in some very limited testing doesn't necessarily mean it is reliable.

I wouldn't know about those numbers and their accuracy so I can't comment whether or not that 60% you posted is correct or not. If you are saying that the IP location is not reliable enough, can you tell me what is the more superior method that Bustadice uses to prevent players from restricted countries from accessing the site? Requesting KYC before processing a withdrawal isn't it. When that happens, the player could have already gambled at the platform. What is done to stop them from getting in in the first place?

Lakai01

legendary

Activity: 2520

Merit: 3054

Enjoy 500% bonus + 70 FS

Quote from: logfiles on October 10, 2020, 05:27:37 PM

I don't know if it depends on the type of VPN but whenever i try to access bustadice when I have forgotten to turn off my VPN especially if the IP address is off a restricted country. This is what i get and it goes on forever. I always thought it was a way of avoiding people who use VPN from accessing bustadice.
-snip-

I can confirm this. However, this only happens to me if I use VPNs from free VPN lists. With my paid VPN service this does not happen to me and I can use bustadice without any problems. I assume that

the IP addresses of the free VPNs have already ended up on a blacklist which is used by casinos to automatically block incoming traffic from addresses on this list
or that an attack against Bustadice was actually carried out via one of these VPN services - although this is much less likely I think

However, one must also be careful when choosing a paid VPN service. Especially well-known services are often misused for attacks and their IP-ranges also end up on blacklists. Therefore I decided to use a not so well known, local provider. The probability is simply much lower that their IP addresses end up on such blacklists.

Without wanting to start a security discussion about how useful it is to use publicly accessible VPN servers, I understand that bustadice blocks such IP addresses. These VPNs are probably not only used for surfing, but also for attacks on websites. If anyone wants to know why you should avoid public vpns ... this is a very good summary - despite a bad headline: 7 Hidden Dangers to Using Free VPNs in 2020

devans

sr. member

Activity: 528

Merit: 368

Quote from: logfiles on October 10, 2020, 05:27:37 PM

I don't know if it depends on the type of VPN but whenever i try to access bustadice when I have forgotten to turn off my VPN especially if the IP address is off a restricted country. This is what i get and it goes on forever. I always thought it was a way of avoiding people who use VPN from accessing bustadice.

Until I turn off the VPN, that's when I am able to access the website and be able to pretty much do anything. Luckily my area is not restricted.

The IP address must have been automatically banned by bustadice's firewall for being used for something malicious in the past. If you send me a message with the IP address at https://bustadice.com/support I'll unblock it for you.

RHavar

legendary

Activity: 1463

Merit: 1886

I think Pmalek's concern is pretty reasonable. There are several casinos that make it easy to break the ToS so that they can profit off of the seizure of accounts with a veil of legitimacy. A particularly egregious example of this was bitstarz having betting limits that were only confusingly outlined in the ToS, while the actual casino UI would accept anything -- and then if the person happened to ever win a lot of money (even totally unrelated), they would scan their account for past violations, and if they found any would seize the account for "violations".

But as malevolent pointed out, I don't think any of this applies to bustadice. Bustadice just needs to fulfil the legal obligations of where they operate from, which looks a lot closer to "You can't knowingly allow .... to gamble" rather than "If ... breaks your ToS, jack their money"

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Pmalek on October 10, 2020, 03:25:14 AM

Quote from: devans on October 08, 2020, 09:23:45 AM

IP address geolocation is not entirely reliable and the use of VPN services–especially with endpoints in the USA–is very common. For that reason we don't automatically block anyone based on IP address geolocation.

It is reliable enough. Many casinos have such IP blocks in place. During my testing, I saw that they are working just fine.

The IP location databases only claim to have 60% accuracy outside of the USA. The fact that other casinos use it and you didn't come across a wrongly assigned address in some very limited testing doesn't necessarily mean it is reliable.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: logfiles on October 10, 2020, 05:27:37 PM

I don't know if it depends on the type of VPN but whenever i try to access bustadice when I have forgotten to turn off my VPN especially if the IP address is off a restricted country. This is what i get and it goes on forever. I always thought it was a way of avoiding people who use VPN from accessing bustadice.

It most likely isn't because a VPN per-se, but rather that the IP address has been involved in DoS attacks and thus restricted somehow. Quite frequently people use (poorly managed?) VPNs for the purpose of DoS'ing, so it's hard to do much other than just block those IPs. I remember back when I had a site, I really tried hard to make sure people could use it with tor (after all, I got zero problems with people who want to protect their privacy), but with well over 99.9% of the traffic just being overt abuse/DoS, it's really hard to justify doing anything other than blocking it. And then naturally people then thought I was anti-tor, but the reality is I was just being pragmatic.

logfiles

copper member

Activity: 2198

Merit: 1837

🌀 Cosmic Casino

Quote from: Pmalek on October 08, 2020, 08:44:55 AM

@Bustadice

Your Terms of Service claim that players from France, Netherlands, and USA are restricted from playing at Bustadice. I was able to enter your site and register accounts with IPs from all 3 countries. My thoughts are that if a certain country is restricted, there should be automatic IP blocks when someone tries to use your services from those locations. You don't seem to have any IP blocks.

I don't know if it depends on the type of VPN but whenever i try to access bustadice when I have forgotten to turn off my VPN especially if the IP address is off a restricted country. This is what i get and it goes on forever. I always thought it was a way of avoiding people who use VPN from accessing bustadice.

Until I turn off the VPN, that's when I am able to access the website and be able to pretty much do anything. Luckily my area is not restricted.

malevolent

legendary

Activity: 3472

Merit: 1724

Quote from: Pmalek on October 10, 2020, 03:25:14 AM

Quote from: devans on October 08, 2020, 09:23:45 AM

IP address geolocation is not entirely reliable and the use of VPN services–especially with endpoints in the USA–is very common. For that reason we don't automatically block anyone based on IP address geolocation.

It is reliable enough. Many casinos have such IP blocks in place. During my testing, I saw that they are working just fine.

You haven't addressed VPN usage.

Quote from: Pmalek on October 10, 2020, 03:25:14 AM

I totally agree. There is a big difference between willingly breaking the rules/laws and then getting caught and punished for it. This is the player's fault.
But you as a platform should do more on your end as well. It would be in your best interest. It has happened more than once in the past that players have had their winnings confiscated after the casinos found out that they are gambling from somewhere that isn't allowed. Doing your part in preventing it from happening is a plus. This can be achieved by IP blocks or notifications informing players from certain countries that they aren't allowed to play on the casino.

Other cryptocurrency gambling sites have behaved in this manner but bustadice/bustabit so far has not.

Quote from: devans on September 20, 2019, 06:14:20 PM

KYC checks are driven solely by the legal requirements imposed on bustabit and we aren't obligated to perform a KYC check just because someone won a large amount. As I mentioned in my previous post, a KYC check is only necessary if there is a specific and plausible reason to believe that a user is prohibited from using bustabit, e.g. if they themselves claim they are underage.

If a user refuses or fails a KYC check we may restrict their account from further using the site, i.e. betting, investing and chatting, and demand that they withdraw their funds and refrain from using bustabit going forwards. Outside of extreme edge cases like being compelled to by a court order, bustabit will never prevent users from accessing their funds.

Emphasis mine.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: devans on October 08, 2020, 09:23:45 AM

IP address geolocation is not entirely reliable and the use of VPN services–especially with endpoints in the USA–is very common. For that reason we don't automatically block anyone based on IP address geolocation.

It is reliable enough. Many casinos have such IP blocks in place. During my testing, I saw that they are working just fine.

Quote from: devans on October 08, 2020, 09:23:45 AM

For what it's worth the only reason we prohibit players from certain jurisdictions like France is that our gaming license requires it. bustadice excluding players from a jurisdiction does not necessarily mean that online gambling is illegal there. Vice versa, a country not being on that list doesn't necessarily mean that online gambling is legal there.

I don't think it is important why certain locations are restricted, just the fact that they are. And if they aren't allowed on your site, more effort should be taken to keep them out of it.

Quote from: devans on October 08, 2020, 09:23:45 AM

It is up to the player to comply with all applicable laws in their jurisdiction.

I totally agree. There is a big difference between willingly breaking the rules/laws and then getting caught and punished for it. This is the player's fault.
But you as a platform should do more on your end as well. It would be in your best interest. It has happened more than once in the past that players have had their winnings confiscated after the casinos found out that they are gambling from somewhere that isn't allowed. Doing your part in preventing it from happening is a plus. This can be achieved by IP blocks or notifications informing players from certain countries that they aren't allowed to play on the casino.

devans

sr. member

Activity: 528

Merit: 368

Quote from: Pmalek on October 08, 2020, 08:44:55 AM

@Bustadice

Your Terms of Service claim that players from France, Netherlands, and USA are restricted from playing at Bustadice. I was able to enter your site and register accounts with IPs from all 3 countries. My thoughts are that if a certain country is restricted, there should be automatic IP blocks when someone tries to use your services from those locations. You don't seem to have any IP blocks.

I have been testing casinos lately to check if they have introduced IP blocks. The results can be seen here: https://bitcointalksearch.org/topic/--5278411

IP address geolocation is not entirely reliable and the use of VPN services–especially with endpoints in the USA–is very common. For that reason we don't automatically block anyone based on IP address geolocation.

For what it's worth the only reason we prohibit players from certain jurisdictions like France is that our gaming license requires it. bustadice excluding players from a jurisdiction does not necessarily mean that online gambling is illegal there. Vice versa, a country not being on that list doesn't necessarily mean that online gambling is legal there. It is up to the player to comply with all applicable laws in their jurisdiction.

Pmalek

legendary

Activity: 2730

Merit: 7065

@Bustadice

Your Terms of Service claim that players from France, Netherlands, and USA are restricted from playing at Bustadice. I was able to enter your site and register accounts with IPs from all 3 countries. My thoughts are that if a certain country is restricted, there should be automatic IP blocks when someone tries to use your services from those locations. You don't seem to have any IP blocks.

I have been testing casinos lately to check if they have introduced IP blocks. The results can be seen here: https://bitcointalksearch.org/topic/--5278411

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Emitdama on August 24, 2020, 04:45:29 AM

I also wanted to point out that I have been waiting for bustadice to add multiple altcoins, and bustabit as well, so that we could also invest in those as well, but there is really no movement towards that at all. Is there like even a consideration about it? Like maybe it is on the road map but it is not urgent? I really want to see something like that and invest if possible.

AFAIK, Bustadice has no plan to add altcoins as payment mode and I guess it will never happen.Bustadice is famous for its quick on every thing so adding more coins will be a bit more complication with the security and services.Still you can invest your bitcoin into Bustadice.

For more information related to investing on Bustadice, visit : https://bustadice.com/invest

Emitdama

sr. member

Activity: 1918

Merit: 328

Quote from: gadado on August 22, 2020, 02:31:27 PM

Quote from: ?? on ??

Why is nobody talking about the launch of a new top casino? https://www.greenslots.online/ - registration is a minute and you are already playing) Really well done, the deposit just came, now we will try our luck)

You know you can't advertise casino on other casino's Announcement thread.

Well, you "can" but it is in bad taste plus it will probably deleted very quickly when realized Grin

.

Bustadice is something totally different, it is basically a small time idea thing grown into a huge whole website of god knows how much bitcoin gambled every single day, so maybe they would be more understanding but anyone who basically reports them to the mods will get this deleted very easily.

I also wanted to point out that I have been waiting for bustadice to add multiple altcoins, and bustabit as well, so that we could also invest in those as well, but there is really no movement towards that at all. Is there like even a consideration about it? Like maybe it is on the road map but it is not urgent? I really want to see something like that and invest if possible.

Topic: bustadice – Next Generation Dice - page 14. (Read 37585 times)