Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013 - page 43.

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Quote from: Hfleer on August 17, 2013, 10:05:52 AM

Quote from: 001sonkit on August 17, 2013, 09:10:08 AM

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

That's fail by the way, this isn't poker. Profit could be considerably higher or lower.

It's enough significant deviations away to make it a scam.

CasinoBit

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Quote from: Hfleer on August 17, 2013, 10:05:52 AM

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

We have 1000-1500 unique visits per day, this is 6 times more than just-dice, didn't hear anyone bring it up with them.

Quote from: ksteve96 on August 17, 2013, 10:08:50 AM

Everything is buggy right now, trying to load and keep hearing the godfather and when I try to withdraw some the bar moves but then the balance stays the same.

Sorry about that, constant ddos attacks. Our tech guys are looking into the issue atm.

ksteve96

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alcedoplatform.com

Everything is buggy right now, trying to load and keep hearing the godfather and when I try to withdraw some the bar moves but then the balance stays the same.

Hfleer

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Quote from: 001sonkit on August 17, 2013, 09:10:08 AM

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

That's fail by the way, this isn't poker. Profit could be considerably higher or lower.

CasinoBit

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Activity: 364

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Quote from: Boelens on August 17, 2013, 09:23:05 AM

Also, this is in their TOS :
20. Casinobit is a social experiment using the dummy currency "Bitcoin", Casinobit shall not be liable to ANY damages that have occured as the result of your use of the Site.

I'm not really good at this, but isn't that slightly worrysome, or is that just saying they're not liable against anything going wrong with bitcoin?

Standard disclaimer, used on most bitcoin "stock securities".

If people want to divest I leave it up to your judgement, but what's going to happen is that the scammers will stop DDOSing and invest.

Boelens

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Also, this is in their TOS :
20. Casinobit is a social experiment using the dummy currency "Bitcoin", Casinobit shall not be liable to ANY damages that have occured as the result of your use of the Site.

I'm not really good at this, but isn't that slightly worrysome, or is that just saying they're not liable against anything going wrong with bitcoin?

vlees

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Quote from: 🏰 TradeFortress 🏰 on August 17, 2013, 09:17:14 AM

Quote from: CasinoBit on August 17, 2013, 09:16:31 AM

Quote from: 001sonkit on August 17, 2013, 09:10:08 AM

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

Invested coins are not winnings.

That is a wrong statement. If you were a scammer at least, because for scammers invested coins are indeed winnings.

vlees

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To anyone that doesn't believe 001sonkit:

Go to the history tab and analyze the bet data yourself. The numbers don't add up anywhere near the payout you're currently getting.

🏰 TradeFortress 🏰

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Quote from: CasinoBit on August 17, 2013, 09:16:31 AM

Quote from: 001sonkit on August 17, 2013, 09:10:08 AM

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

Invested coins are not winnings.

If investments are paid to depositors, it is a ponzi / pyramid.

CasinoBit

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Quote from: 001sonkit on August 17, 2013, 09:10:08 AM

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As I've said, there is no ponzi, the profit is calculated as (Total-Winnings)*(Respective percent owned).

001sonkit

hero member

Activity: 784

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Casper - A failed entrepenuer who looks like Zhou

As there are no sign that CasinoBit owner is considering that he need to find the bug and fix his site, I am here to announce that this site is a scam.

As all of you have noticed, this site have a quite high return of investment with a very short period of time, whilst it have a very low amount of traffic and transaction. As the database of CasinoBit.net is kinda public, I have calculated the transaction sum in the past 24 hours, ~250BTC. Thus the raked amount is 7.42BTC (2.9% for European Roulette)

Meanwhile, I've contacted some investors of CasinoBit, just to confirm that not only I am getting some off the EV amount profit.
For example for vlee who have deposited 6BTC, he went up to 26BTC in one day while only 40BTC was won in since the day he started the investment

Quote from: tinus42 on August 16, 2013, 07:49:42 AM

Promise of high yields + promise of no risk = (likely) PONZI

Investor beware... Roll Eyes

You got it right actually!

First to finish reading the message and press the divest button to withdrawl, you will be the winner

Who doesn't like meme anyway

pedrog

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Quote from: CasinoBit on August 16, 2013, 05:02:03 PM

Quote from: ?? on ??

So withdraw has been sitting on zero confirms for the past 7/8 hours. Bit odd. The whole thing is a bit clunky.

Can we get the txid?

I also made a withdraw, I noticed no transaction fee was included, however, transaction received first confirmation after 10 or 15 minutes.

Hfleer

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Quote from: faiza1990 on August 16, 2013, 05:34:39 PM

Quote from: ?? on ??

So withdraw has been sitting on zero confirms for the past 7/8 hours. Bit odd. The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

This is most likely being done on purpose, along with the whole 25 confirmations for "security" thing.

CasinoBit

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Quote from: ?? on ??

Quote from: CasinoBit on August 17, 2013, 06:28:31 AM

Quote from: dxxw on August 17, 2013, 06:27:19 AM

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

Not sure if sockpuppet or not,

PM or write to support if you have any issue, posting on here won't help.

EDIT: Ah, got support emails and PMs, I spy with my little eye people using BTC-E and other services to send BTC that they cannot receive back.

Who me? Don't think so mate. As I stated. I've PM'd you.

Yes I wasn't talking about you, seems that you've also got a transaction with 0 fees, I take it you've missed the message below the buttons telling you to wait for 25 confirmations.

Zaih

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Calling Ponzi on this Grin

CasinoBit

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Merit: 250

Quote from: dxxw on August 17, 2013, 06:27:19 AM

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

Not sure if sockpuppet or not,

PM or write to support if you have any issue, posting on here won't help.

EDIT: Ah, got support emails and PMs, I spy with my little eye people using BTC-E and other services to send BTC that they cannot receive back.

dxxw

newbie

Activity: 35

Merit: 0

Can't withdraw?WTF?
Anybody help me?
Is Casinobit here?

CasinoBit

sr. member

Activity: 364

Merit: 250

Quote from: faiza1990 on August 16, 2013, 05:34:39 PM

Quote from: ?? on ??

So withdraw has been sitting on zero confirms for the past 7/8 hours. Bit odd. The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

Please PM me if you have any issues.

faiza1990

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Activity: 420

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★☆★777Coin★☆★

Quote from: ?? on ??

So withdraw has been sitting on zero confirms for the past 7/8 hours. Bit odd. The whole thing is a bit clunky.

I think there is something bug and its not working ok I also try but nothing happening

Hfleer

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Activity: 448

Merit: 250

Changing avatars is currently not possible.

I've tested out the betting with deposit here a bit. It seems you have to rush if you want to get multiple bets on one roll. Would be nice if you could queue several bets and then release them as live when you're done picking. Also with the current interface it's not easy to bet an amount of your choosing.

Topic: Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013 - page 43. (Read 82436 times)