[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 58.

GeoRW

sr. member

Activity: 350

Merit: 257

Trust No One

Quote from: Fizzgig on March 05, 2013, 05:09:26 AM

Quote from: niner on March 05, 2013, 04:33:34 AM

So the bank of Satoshi Dice cannot be broken like the one in Monte Carlo?
I'd though of starting a casino site but was terrified of the possibility of going bust.
I guess if you have deep enough pockets you can weather the unlucky streaks and always
come out ahead at the end of the month. True?

The bank can always be broken given enough of a statistical anomaly but as the volume becomes so great the probability of a consecutive number of days ending up losing goes down dramatically (i.e. 30 days). So SD's deep pockets in relation to the maximum bet help keep the casino afloat, but the betting volume is what assures consistent profitability. It seems to me as though SD has both the pockets and the volume to never have a losing month from now on (in relation to their maximum bet), so I am making that prediction now.

So far in March, SD is around 2000 BTC in loss Wink

There's always possibility that someone will find some exploit and make SD go bust, especially some competitor. It's a risky business - gambling.

Fizzgig

full member

Activity: 154

Merit: 100

Quote from: niner on March 05, 2013, 04:33:34 AM

So the bank of Satoshi Dice cannot be broken like the one in Monte Carlo?
I'd though of starting a casino site but was terrified of the possibility of going bust.
I guess if you have deep enough pockets you can weather the unlucky streaks and always
come out ahead at the end of the month. True?

The bank can always be broken given enough of a statistical anomaly but as the volume becomes so great the probability of a consecutive number of days ending up losing goes down dramatically (i.e. 30 days). So SD's deep pockets in relation to the maximum bet help keep the casino afloat, but the betting volume is what assures consistent profitability. It seems to me as though SD has both the pockets and the volume to never have a losing month from now on (in relation to their maximum bet), so I am making that prediction now.

niner

full member

Activity: 189

Merit: 100

You are here ---------> but you're not all there.

Quote from: Fizzgig on March 04, 2013, 11:23:55 PM

All consultation fees are worth the price period. The volume of SD assures that it is basically impossible for a month to be losing. That's how statistics works. I appreciate that statistic being kept as I predict no months from now on will ever be losing. Bam! Thanks Mr. Voorhees.

So the bank of Satoshi Dice cannot be broken like the one in Monte Carlo?
I'd though of starting a casino site but was terrified of the possibility of going bust.
I guess if you have deep enough pockets you can weather the unlucky streaks and always
come out ahead at the end of the month. True?

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Someone still selling shares at low 0.005s when people put up asks?

btcash

hero member

Activity: 968

Merit: 515

Quote from: romerun on March 05, 2013, 03:16:17 AM

has the div paid out ? I don't see it on bitfunder and btct

Only Namjies has paid out so far.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: romerun on March 05, 2013, 03:16:17 AM

has the div paid out ? I don't see it on bitfunder and btct

you need to give the passthrough operators some time.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

has the div paid out ? I don't see it on bitfunder and btct

molecular

donator

Activity: 2772

Merit: 1019

Quote from: evoorhees on March 04, 2013, 06:57:25 PM

February Statement

The dividend for S.DICE has now been paid for February.

Summary:
Earnings: 13462.81849617
Hosting/Tech Expenses: 40
Security Consulting:   80
Systems operator:   100
Loss Carryover from Jan: 0

Net Profit 13242.81849617
13% MPEX Dividend 1721.5664045021

Volume over past month: 344,973.88
Actual Profit over past month: 13,242.82
Expected Profit over past month: 6,554.50

Updated P&L: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

The gambling industry will not be ignoring Bitcoin much longer, I assure you

Wow, dude. This is a successful business and you deserve every bitcent you earn!

Fizzgig

full member

Activity: 154

Merit: 100

All consultation fees are worth the price period. The volume of SD assures that it is basically impossible for a month to be losing. That's how statistics works. I appreciate that statistic being kept as I predict no months from now on will ever be losing. Bam! Thanks Mr. Voorhees.

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: evoorhees on March 04, 2013, 06:57:25 PM

February Statement

The dividend for S.DICE has now been paid for February.

Summary:
Earnings: 13462.81849617
Hosting/Tech Expenses: 40
Security Consulting:   80
Systems operator:   100
Loss Carryover from Jan: 0

Net Profit 13242.81849617
13% MPEX Dividend 1721.5664045021

Volume over past month: 344,973.88
Actual Profit over past month: 13,242.82
Expected Profit over past month: 6,554.50

Updated P&L: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

The gambling industry will not be ignoring Bitcoin much longer, I assure you

A good month for the house for once

. Maybe that double-spend consulting is paying off.

maximian

newbie

Activity: 25

Merit: 0

Erik, thanks for another great month for S.DICE. Do you have any news or info on upcoming plans that you could share with us?

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: 🏰 TradeFortress 🏰 on March 04, 2013, 07:07:40 PM

Systems operator?

Yes sorry I should explain this. I'm now paying for professional help in a couple areas for SD. The 100 btc is likely to be monthly. I also paid this past month for some extra security consulting, mainly around the double-spend issue.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Systems operator?

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

February Statement

The dividend for S.DICE has now been paid for February.

Summary:
Earnings: 13462.81849617
Hosting/Tech Expenses: 40
Security Consulting:   80
Systems operator:   100
Loss Carryover from Jan: 0

Net Profit 13242.81849617
13% MPEX Dividend 1721.5664045021

Volume over past month: 344,973.88
Actual Profit over past month: 13,242.82
Expected Profit over past month: 6,554.50

Updated P&L: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

The gambling industry will not be ignoring Bitcoin much longer, I assure you

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: dooglus on March 02, 2013, 03:19:21 PM

Can you think of anyone with a mining pool who's vocally against SD and has used the pool for morally questionable things in the past?

Heh.

Quote from: dooglus on March 02, 2013, 03:19:21 PM

Or the whale lost so big in the first 5 days of February that he decided to stop playing, but gave the site enough profits from his run of bad luck to almost make up for his absence the rest of the month.

Is this actually the case?

Quote from: wtfvanity on March 02, 2013, 08:48:33 PM

No way. We have someone like that who runs a mining pool? I pray it isn't so.

Name's Luke-jr.

Quote from: wachtwoord on March 02, 2013, 08:55:52 PM

I don't like people being secretive about something like this. They're talking about Luke-jr. Look him up and make up your own mind.

Word.

Quote from: thoughtfan on March 02, 2013, 10:33:52 PM

Quote from: zkay on March 02, 2013, 10:17:24 PM

Any ideas why the share price is diving right before the dividend release? Last trade was barely above the last tranche evorhees released.

I had been wondering when the ownership of the shares is taken for the calculations. If for instance it is midnight UCT then regardless of when the actual payment is shares could change hands without affecting the payout. On the other hand if the calcs are done on the basis of share ownership at the time of payout then selling up prior is not the best idea. Maybe MPOE-PR can clarify?

Ownership at the moment of payout counts. There's no ex date.

Quote from: maximian on March 04, 2013, 05:27:29 PM

When the dividend is paid, it will be in the sum of 6619 BTC, which will be divided into all 50 million shares (0.00013238 BTC per share).

Quote

[MPEX] [S.DICE] [PAID] 6,621.40925 BTC to 50`000`000 shares, 13242 satoshi per share

It beat.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: maximian on March 04, 2013, 05:27:29 PM

There are 50,000,000 S.DICE shares on MPEx, and 37,000,000 of those are controlled by evoorhees.

When the dividend is paid, it will be in the sum of 6619 BTC, which will be divided into all 50 million shares (0.00013238 BTC per share).

I'm assuming that Erik stated 1721 BTC because he's only considering the 13,000,000 shares not held by him, however MPEx will still require him to actually pay 6619BTC to issue the dividend.

Yes Maximian is correct

maximian

newbie

Activity: 25

Merit: 0

There are 50,000,000 S.DICE shares on MPEx, and 37,000,000 of those are controlled by evoorhees.

When the dividend is paid, it will be in the sum of 6619 BTC, which will be divided into all 50 million shares (0.00013238 BTC per share).

I'm assuming that Erik stated 1721 BTC because he's only considering the 13,000,000 shares not held by him, however MPEx will still require him to actually pay 6619BTC to issue the dividend.

FTWbitcoinFTW

sr. member

Activity: 476

Merit: 250