In all seriousness, you guys have got to be the worst "CEO's" in the business. Anyone with a masters degree in business could do better then u guys have done. Lets summarize.
1) Casinobitcoin - decent, raises 1-2k in BTC, basically pays the owner off and now barely promotes itself
2) Sportsbook and casino name - GOT RID OF IT for some brand new shit that no one plays (seriously).
3) Buys Peerbet and Bit777 and does ZERO MARKETING for it. Spending 500+ BTC for it. Are you nuts?
4) STILL does awful SEO and advertising and literally is just paying themselves more from the stocks...
Awful numbers month in month out. Don't invest or go even close to this incompetent team. My god.
Topic: deleted (Read 2113 times)
Just a bump with some more information to interested parties. The following questions have come up a lot during our conversations.
Why are we selling?
With the BTC price drop over the past year, our management has slimmed down our technical and marketing operations substantially. We no longer have the human or financial resources to expand PeerBet and Bit777 the way we envisioned when we acquired them.
What improvements have we made since acquiring PeerBet?
MANY (see below)
- Separation of SQL Server from the App Server
- Moved away from coin-specific code
- All settings (kelly, min, max, etc) are now controlled in .config files and are coin specific
- Most processes were re-written from VB.NET to C#
- Code for the user site is now mainly in managed libraries instead of .aspx files
- Implemented Pusher for true Web Sockets integration
What, new, Monetization Opportunities are there?
- New ownership could invoke commissions in Raffles (they are currently set to 0%)
- Investor Commission can be increased (it's currently set to 7% of winnings only - this is the lowest in the marketplace by far)
- The is no paid marketing whatsoever, a sig campaign could go a long way in our experience
- SEO can be improved, no focus was spent in this area as we envisioned collapsing the domains
- Altcoin raffles (new ownership could earn 2-3 btc a month by promoting peerbet as a place to wager the next 'alt-coin')
Pricing - Asking for 350 BTC, willing to entertain all offers though!
Worth noting - we are open to financing options - starting with 200 btc down, and a revenue share model over many months to get to a total of 350 over time. The only stipulation is that the new owner(s) will own all new marketing and development activities with our assistance as needed. This is a very attractive offer for both the buyer and us in our opinion
.
Why are we selling?
With the BTC price drop over the past year, our management has slimmed down our technical and marketing operations substantially. We no longer have the human or financial resources to expand PeerBet and Bit777 the way we envisioned when we acquired them.
What improvements have we made since acquiring PeerBet?
MANY (see below)
- Separation of SQL Server from the App Server
- Moved away from coin-specific code
- All settings (kelly, min, max, etc) are now controlled in .config files and are coin specific
- Most processes were re-written from VB.NET to C#
- Code for the user site is now mainly in managed libraries instead of .aspx files
- Implemented Pusher for true Web Sockets integration
What, new, Monetization Opportunities are there?
- New ownership could invoke commissions in Raffles (they are currently set to 0%)
- Investor Commission can be increased (it's currently set to 7% of winnings only - this is the lowest in the marketplace by far)
- The is no paid marketing whatsoever, a sig campaign could go a long way in our experience
- SEO can be improved, no focus was spent in this area as we envisioned collapsing the domains
- Altcoin raffles (new ownership could earn 2-3 btc a month by promoting peerbet as a place to wager the next 'alt-coin')
Pricing - Asking for 350 BTC, willing to entertain all offers though!
Worth noting - we are open to financing options - starting with 200 btc down, and a revenue share model over many months to get to a total of 350 over time. The only stipulation is that the new owner(s) will own all new marketing and development activities with our assistance as needed. This is a very attractive offer for both the buyer and us in our opinion
.
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Suchmoon,
These are reasonable questions, thank you!
Looking back, not sure what timeframe I was looking at (may not have been strictly the 30 days before my post, I apologize, got a little offended by the valuation of 12.5 btc), But all our sites are 13.415 in revenues so far this month. A complete report divided by site will be published at the end of the month broken out by BitcoinRush and Peerbet/Bit777.
No need to be offended. It's just business...nothing personal. These are reasonable questions, thank you!
Looking back, not sure what timeframe I was looking at (may not have been strictly the 30 days before my post, I apologize, got a little offended by the valuation of 12.5 btc), But all our sites are 13.415 in revenues so far this month. A complete report divided by site will be published at the end of the month broken out by BitcoinRush and Peerbet/Bit777.
With that said, I have ventures all over the world and have been doing this (consulting, new start-ups, reorganization, etc.) for almost two decades. Regardless, I find I am expected to repeatedly check my business school degree at the door when it comes to enterprises within this specific industry and accept how very little maps out to reality and even less is proven legitimate after full third-party vetting has taken place. Unfortunately, I don't play that way. So, it is what it is.
Either way, as I said, good luck.
Scott-
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Just to chime in here, this is our monthly P&L (Viewable by the public) for all CBTC Operations (including PeerBet).
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
Help me understand what I'm missing here. It looks like according to your spreadsheet PeerBet/Bit777 made 42 BTC in 7 months of 2015, and 59 BTC in 2014, quite a bit short of the 172 BTC annualized revenue stated in the thread title? And that's just revenue before costs?
Sure thing, and good question.
As mentioned above, CBTC only controls (or contributes to) ~30% of the BTC bankroll in Peerbet (and 100% of the Bit777 Revenue); therefore while we've made the earnings of 42 btc L7 months, and 59 btc in 2014 - that doesn't account for the full revenues for the both sites through the past 12 months.
An overall assumption, and similar to the attempted sale of PRC, is that we would divest all investors upon the sale - and the new owner could either fund the bankroll themselves (and earn 100% of the revenues), or open it back up to investors, or a hybrid like we executed upon.
Hope that helps!
Thank you. That would explain last year. Why did you ignore the second part of the question:
Also:
Presumably in response to another poster's 12.5 BTC offer but the spreadsheet shows -0.8 BTC for July 2015.
Not sure what you guys are smoking as these sites have made that in the past month.
Presumably in response to another poster's 12.5 BTC offer but the spreadsheet shows -0.8 BTC for July 2015.
Just to chime in here, this is our monthly P&L (Viewable by the public) for all CBTC Operations (including PeerBet).
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
Help me understand what I'm missing here. It looks like according to your spreadsheet PeerBet/Bit777 made 42 BTC in 7 months of 2015, and 59 BTC in 2014, quite a bit short of the 172 BTC annualized revenue stated in the thread title? And that's just revenue before costs?
Sure thing, and good question.
As mentioned above, CBTC only controls (or contributes to) ~30% of the BTC bankroll in Peerbet (and 100% of the Bit777 Revenue); therefore while we've made the earnings of 42 btc L7 months, and 59 btc in 2014 - that doesn't account for the full revenues for the both sites through the past 12 months.
An overall assumption, and similar to the attempted sale of PRC, is that we would divest all investors upon the sale - and the new owner could either fund the bankroll themselves (and earn 100% of the revenues), or open it back up to investors, or a hybrid like we executed upon.
Hope that helps!
Just to chime in here, this is our monthly P&L (Viewable by the public) for all CBTC Operations (including PeerBet).
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
Help me understand what I'm missing here. It looks like according to your spreadsheet PeerBet/Bit777 made 42 BTC in 7 months of 2015, and 59 BTC in 2014, quite a bit short of the 172 BTC annualized revenue stated in the thread title? And that's just revenue before costs?
Also:
Not sure what you guys are smoking as these sites have made that in the past month.
Presumably in response to another poster's 12.5 BTC offer but the spreadsheet shows -0.8 BTC for July 2015.
Now before you yell at me "troll" and "FUD" let me tell you I'm quite immune to that so you better take a deep breath and make your story straight.
Just to chime in here, this is our monthly P&L (Viewable by the public) for all CBTC Operations (including PeerBet).
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
https://docs.google.com/spreadsheets/d/1mFzQOuJ-8hBI8ftH75EEhRkcpLh8NbJMJPOoKhK17Yo/edit#gid=19
It's possibly the ThrowAway account here is mixing operations (e.g. the sportsbook and other expenses not associated with PeerBet/Bit777), but you can see revenues for PeerBet / Bit777 called out explicitly in its own line item above
Server costs will run you around $600 per month with room to grow traffic.
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if it's indeed all that great like you claim and according to your own words only minor improvements are needed to get into tier2-rank, it doesn't make any sense at all for you to sell. based on that I think the questions and remarks of others in here are no trolling, but rather useful additional informations for anyone considering to buy this site.
edit: typos
Unfortunately with the downward price decline of BTC, we no longer have as big of a team as we once had; thus we have no human (or capital) resources to invest back into PeerBet and Bit777 - this is from a development and marketing perspective. CBTC (the gaming network) is publicly traded, so you can track the facts stated independently.
At the end of the day, Dice Sites are a dime a dozen. Literally - there could be several hundred out there right now, with no clear distinction from one to another ! Anyone can make a dice site and get it out there in less than a week.
What any newcomer can't do is mimic the same reputation, brand, and player base associated with a site that's been running since 2012. That's the lure of PeerBet and Bit777. Along with those intangibles that can't be built in a week, both sites also accept many different alt-coins, and allows trading (exchanging) of the alt-coins all within chat via a public API. Couple that with Bit777 which has over 40 different casino games and we stand by that this is a great buy for the right, motivated, buyer.
Thank 6lb 8oz lil baby Jeebus none of these pleasant posters above will be behind the wheels of these 2 really great sites. One of which is actually my all time favorite site and I have seen them all and played at several over the years. There is huge potential for both sites, provided the new owners have more to do with it's success than any past or current stats you can drum up. Personally I thank any and all of the people involved in running these two sites, PeerBet especially. Even with the non- detouring .org attached to it's url. Haters, skeptics, and scamsnobs run thick through this forum. Apparently cry babies drink from the same kool-aid. Best of luck to the sellers and future owner(s)!
Thanks Del!
I challenge the above trolls to find a better bitcoin casino or dice site for purchase for the price (with provably income). Nice attempt to FUD, but they fall extremely flat. We are reasonable but the sites consistently have new users and a ton of action. This is thanks to the great brand and reputation.
Not to mention, price is a STEAL considering that the USD/BTC rate has decreased significantly over the past 12 months, what we based that on, and typically we see volumes uptick in conjunction with low prices of BTC, as users can afford to gamble more. Unless the BTC rate were to skyrocket, it's a no-brainer from that perspective.
if it's indeed all that great like you claim and according to your own words only minor improvements are needed to get into tier2-rank, it doesn't make any sense at all for you to sell. based on that I think the questions and remarks of others in here are no trolling, but rather useful additional informations for anyone considering to buy this site.
edit: typos
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Thank 6lb 8oz lil baby Jeebus none of these pleasant posters above will be behind the wheels of these 2 really great sites. One of which is actually my all time favorite site and I have seen them all and played at several over the years. There is huge potential for both sites, provided the new owners have more to do with it's success than any past or current stats you can drum up. Personally I thank any and all of the people involved in running these two sites, PeerBet especially. Even with the non- detouring .org attached to it's url. Haters, skeptics, and scamsnobs run thick through this forum. Apparently cry babies drink from the same kool-aid. Best of luck to the sellers and future owner(s)!
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In reality, this venture is only worth approximately 12.5BTC in my opinion and that is being generous for a very volatile crypto gambling project that has no long term (and verifiable) history - unless you subscribe to the notion that 2-3 years (including the "early years") of pieced together collectives in any industry can be considered a long term foundational singular history, which I do not.
At any rate, good luck with your sale. If you truly consider the operation is worth more than what I mentioned above, I suggest you keep it and milk it for as long as you can by delegating the daily workload off to others while enjoying your cocktails on your private beach with the huge profits you project.
Take care,
Scott
At any rate, good luck with your sale. If you truly consider the operation is worth more than what I mentioned above, I suggest you keep it and milk it for as long as you can by delegating the daily workload off to others while enjoying your cocktails on your private beach with the huge profits you project.
Take care,
Scott
I'd make an offer if the sale includes whatever they are smoking.
In reality, this venture is only worth approximately 12.5BTC in my opinion and that is being generous for a very volatile crypto gambling project that has no long term (and verifiable) history - unless you subscribe to the notion that 2-3 years (including the "early years") of pieced together collectives in any industry can be considered a long term foundational singular history, which I do not.
At any rate, good luck with your sale. If you truly consider the operation is worth more than what I mentioned above, I suggest you keep it and milk it for as long as you can by delegating the daily workload off to others while enjoying your cocktails on your private beach with the huge profits you project.
Take care,
Scott
At any rate, good luck with your sale. If you truly consider the operation is worth more than what I mentioned above, I suggest you keep it and milk it for as long as you can by delegating the daily workload off to others while enjoying your cocktails on your private beach with the huge profits you project.
Take care,
Scott
One other thing to chime in with, CBTC only contributed around 50 btc to the Peerbet bankroll. So at times we've had a little under 30% of the revenue - this is important to note when validating out monthly reports on Havelock as we could only account for "our" winnings or losses, not the other investors (unless they cashed out, the house then takes a 7% cut of the winnings).
Financial Snapshot (LTM):
LTM gross revenue total: ~150 btc + ~34 btc in alt-coin equivalents = 184 btc
LTM Seller’s Discretionary Earnings profit total: 172 btc (184 - server costs) BTC, if house bankrolled
I'm curious where these figures come from, and if you could provide some more breakdown into it. Looking at your screenshot from dicesites, the statistics seem to be showing over a 1 year period revenue of only 2.5 BTC. I downloaded the casinobitco.in second quarter report of this year, which corroborates showing a loss of "5.7743 btc Bit777/Peerbet House Revenues + Peer Games" before expenses.
The number there is a bit confusing, as it starts us "-47", an old hole the dice got in the previous year from the previous owner's time.
Still, the site EV in Bitcoin alone is shown as 110.7 BTC on that same site http://dicesites.com. This does not include Alts or Bit777, which accounted for most of the profits combined. We offer a full breakdown to interested buyers, who can verify it in the server during due diligence, but didn't feel the need to publicly post it.
Quote
Financial Snapshot (LTM):
LTM gross revenue total: ~150 btc + ~34 btc in alt-coin equivalents = 184 btc
LTM Seller’s Discretionary Earnings profit total: 172 btc (184 - server costs) BTC, if house bankrolled
I'm curious where these figures come from, and if you could provide some more breakdown into it. Looking at your screenshot from dicesites, the statistics seem to be showing over a 1 year period revenue of only 2.5 BTC. I downloaded the casinobitco.in second quarter report of this year, which corroborates showing a loss of "5.7743 btc Bit777/Peerbet House Revenues + Peer Games" before expenses.
The number there is a bit confusing, as it starts us "-47", an old hole the dice got in the previous year from the previous owner's time.
Still, the site EV in Bitcoin alone is shown as 110.7 BTC on that same site http://dicesites.com. This does not include Alts or Bit777, which accounted for most of the profits combined. We offer a full breakdown to interested buyers, who can verify it in the server during due diligence, but didn't feel the need to publicly post it.
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