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Topic: Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016 - page 3. (Read 38429 times)

member
Activity: 206
Merit: 10
Cool concept. have not seen anything like this.
Thanks. Nice to know.

But I think saying 0 house edge is a little misleading.
Why? As per https://math.info/Misc/House_Edge/

House Edge = (true odds − payout odds) / (true odds + 1)

For Chain-Bet.com,
true odds = 16-1 = 15
payout odds =  16-1 = 15

Therefore, for Chain-Bet.com, House Edge = (15-15)/(15+1) = 0
copper member
Activity: 28
Merit: 0
Cool concept. have not seen anything like this. But I think saying 0 house edge is a little misleading.
sr. member
Activity: 860
Merit: 423
BitcoinTalk forum users of Sr. Member rank or higher may wear the following signature...

Code:
[center][size=19pt][b][url=https://www.chain-bet.com] [color=red]Chain-Bet.com[/color] [color=teal] [color=black]|[/color] 16x Win [color=black]|[/color] 0% House Edge [color=black]|[/color] Provably Fair [color=black]|[/color] On Chain[/color][/url][/b][/size][/center]

PM sent regarding signature promotion. Please let me know...
member
Activity: 206
Merit: 10
Welcome back!

0% house edge is heaven for gamblers. But, why would anyone invest in bankroll with 0% house edge?
Thank you. 0% house edge is our promotional offer. It will not last for long. This is for players to try the game with lowest possible risk.
How long will it last? I wont invest a Litoshi at 0% house edge.
Sorry. We can not really predict any specific date to end this promotional offer. As of yet, the priority is to build up initial volume.
jr. member
Activity: 115
Merit: 4
Welcome back!

0% house edge is heaven for gamblers. But, why would anyone invest in bankroll with 0% house edge?
Thank you. 0% house edge is our promotional offer. It will not last for long. This is for players to try the game with lowest possible risk.
How long will it last? I wont invest a Litoshi at 0% house edge.
member
Activity: 206
Merit: 10
Welcome back!

0% house edge is heaven for gamblers. But, why would anyone invest in bankroll with 0% house edge?
Thank you. 0% house edge is our promotional offer. It will not last for long. This is for players to try the game with lowest possible risk.

I am pretty sure that there will be many gamblers who will try their luck to this kind of game especially that the reward is pretty high which is 16 times to their bet if they can guess correctly the last digit of their block has transaction.

But the choices is 16 so the percentage to guess correctly the last digit is a little bit small but not that small compare to lotto and other jackpots. I would be love to try my luck to this one.
Definitely give it a try and let us know your experience. Join our Telegram group for real time chat - https://t.me/chain_bet_com.

In fact, not many players love to play this game. See, it is a 4 years old site but not many activities in this thread as well as on the site.
Now they have just changed the game into LTC only, probably due to the high tx fee of bitcoin which makes them get less players compared when the tx fee is of btc is in normal condition.
Frankly speaking the game is not really attractive for these days, I myself prefer to bet on dice game with 16x payout instead of playing this kind of game.
For sure, it is a matter of taste. Every single person has their own preferences which game to play, so good luck if you are going to play this game.
What you see as 'Live Gambling Data' is only a few LTC bets from last few days. BTC bets from last 4 years are not there. We have not yet decided whether to make those old data public again or not. Also, you will probably not get any dice game with 0% house edge. As promotional offer after relaunch, we are now operating on 0% house edge, i.e. equal chance to win for both player and the house. Give us a try and let us know your experience. Join our Telegram group for real time chat - https://t.me/chain_bet_com.
legendary
Activity: 3472
Merit: 1351
I am pretty sure that there will be many gamblers who will try their luck to this kind of game especially that the reward is pretty high which is 16 times to their bet if they can guess correctly the last digit of their block has transaction.

But the choices is 16 so the percentage to guess correctly the last digit is a little bit small but not that small compare to lotto and other jackpots. I would be love to try my luck to this one.

In fact, not many players love to play this game. See, it is a 4 years old site but not many activities in this thread as well as on the site.
Now they have just changed the game into LTC only, probably due to the high tx fee of bitcoin which makes them get less players compared when the tx fee is of btc is in normal condition.
Frankly speaking the game is not really attractive for these days, I myself prefer to bet on dice game with 16x payout instead of playing this kind of game.
For sure, it is a matter of taste. Every single person has their own preferences which game to play, so good luck if you are going to play this game.
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
I am pretty sure that there will be many gamblers who will try their luck to this kind of game especially that the reward is pretty high which is 16 times to their bet if they can guess correctly the last digit of their block has transaction.

But the choices is 16 so the percentage to guess correctly the last digit is a little bit small but not that small compare to lotto and other jackpots. I would be love to try my luck to this one.
jr. member
Activity: 115
Merit: 4
Extremely sorry to keep you guys waiting for so long. Chain-Bet.com is back. Now on Litecoin blockchain.

https://twitter.com/Chain_Bet_/status/1300866522089357312

Join our new Telegram group for real time chat - https://t.me/chain_bet_com
Welcome back!

0% house edge is heaven for gamblers. But, why would anyone invest in bankroll with 0% house edge?
member
Activity: 206
Merit: 10
Extremely sorry to keep you guys waiting for so long. Chain-Bet.com is back. Now on Litecoin blockchain.

https://twitter.com/Chain_Bet_/status/1300866522089357312

Join our new Telegram group for real time chat - https://t.me/chain_bet_com
legendary
Activity: 3738
Merit: 1708
I am wondering when this game is rewritten to LTC blockchain? I think the "next few days" are over...

If they want an easy rewrite they can just switch it to the Bitcoin Cash blockchain which basically an very easy swap for them and you can probably do 1 sat/byte or even less than 1 sat/byte. And the fees won't be an issue.

The problem is that nobody really wants to bet with onchain games anymore. It was big back in the day when bitcoin was created and most bets were done onchain back then however now you can just send your BTC to Primedice or any other casino and bet instantly instead of waiting for transactions to confirm and pay any fees.

If privacy is an issue then most casios are KYC free and some casinos even allow privacy coins, hence another reason why there is no demand anymore for onchain bets. Hence they can switch to a different blockchain but it won't make much difference.
member
Activity: 73
Merit: 13
I am wondering when this game is rewritten to LTC blockchain? I think the "next few days" are over...
legendary
Activity: 3738
Merit: 1708
Are there any funds left on the hot wallet or cold storage?

I did some investigating and if you look at the very last bet which was of amount 0.001103 BTC which was lost, you can simply see where the funds get sent. Originally they came from

bc1qcczmcah5nvvg50ax3xpnedgpqh7hms6s96ew9d

then when they lost it got sent to

3BsadqM15YQFkoX8LUV7d8Kg8UUXNteiLi

Which by the looks of it has 3154 transactions so most likely its the hot wallet. Now if you look at the balance its only 0.006 BTC, hence not alot.

Also the very last bet was taken in November so probably not a very active gambling site.
member
Activity: 73
Merit: 13
Are there any funds left on the hot wallet or cold storage?
member
Activity: 73
Merit: 13
Wayback 2017 I already know about chain -bet.com because jazmuzika217 show me how to set bet on this betting site that he really get too much prize which is bitcoin the most powerful coin!
jr. member
Activity: 115
Merit: 4
This game is was awesome!
It died the day it changed house edge from 37.5% to 6%. Investors just walked off the bankroll and no one invested further.
member
Activity: 73
Merit: 13
This game is awesome!
legendary
Activity: 2100
Merit: 1208
Heisenberg
@DarkStar_ - Great to see the role you are performing on BitcoinTalk. But, are you doing justice to us? A neutral trust is placed on us for something that is beyond our control. On the other hand, runz scammed us 0.285 BTC, but has no negative trust left on his profile. Hopefully, you'll look into this.
[/i]
You should even be thankful that you received just a neutral tag for that. Certain DT members would have handed you a red for issues like shilling like i have already seen it happen before.

If you get scammed and don't make a scam accusation then no one will know. It's your duty to let other people know by posting it in the scam accusations board and see if the scammer won't get tagged.
legendary
Activity: 2758
Merit: 3282
@DarkStar_ - Great to see the role you are performing on BitcoinTalk. But, are you doing justice to us? A neutral trust is placed on us for something that is beyond our control. On the other hand, runz scammed us 0.285 BTC, but has no negative trust left on his profile. Hopefully, you'll look into this.
[/i]

Meh, it's a neutral which means "Other comments." and not that you are either trustworthy or likely to scam. I don't think it's likely that competitors are making shill accounts to shill your site in order to get you a neutral trust, but I have updated it to reflect that it might be from investors. Your investors actively try to mislead people to play your (previously 37.5% house edge) game so I don't think it's unfair to attempt to make people aware of this.

You're welcome to create a scam accusation on runz if you wish. You never left them a negative trust or bothered to do anything about it forum reputation wise, and it's not just me with the power to show up on trust profiles by default.
member
Activity: 206
Merit: 10

Certain important changes have been made at https://www.Chain-Bet.com . . .

- Minimum amount of investment is 0.1 BTC.

- Withdrawal cycle from Bankroll takes place every Monday by 6pm GMT.

- Winning may get stuck if the amount won is more than what is available at our hot wallet address, i.e. 3BsadqM15YQFkoX8LUV7d8Kg8UUXNteiLi. If there is bankroll in our cold wallet, then we will refill the hot wallet and payment will go through. If there is not, then payment will remain stuck until some bet is lost or new investment hits bankroll to cover the deficit. Current bankroll can be independently verified at any time by signing in through Investment Dashboard.

- All references to Bitcoin Blockchain will now be through Blockchair.com, instead of Blockchain.com.


Related Tweet:-

[1] https://twitter.com/Chain_Bet_/status/1183899141211971584

[2] https://twitter.com/Chain_Bet_/status/1183903554068631552

For more than three years, we were solely responsible for the bankroll. From today onward, we wont anymore be. We are attempting to evolve as an user driven game from both player and investor's perspective.




General Note - We have identified that our Cron Job is occasionally failing. We are doing our best to fix this. In any further event of failure, be sure that we will take care of it manually.

@DarkStar_ - Great to see the role you are performing on BitcoinTalk. But, are you doing justice to us? A neutral trust is placed on us for something that is beyond our control. On the other hand, runz scammed us 0.285 BTC, but has no negative trust left on his profile. Hopefully, you'll look into this.
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