Topic: █ DiceCo.in is now for sale! Check auctions! - page 4. (Read 3409 times)

Just wanted to chime in. I like this method more than the 1/x chance one. And the reason is simple: someone will hit these jackpots. A 1/1m chance could not get hit for 50m rolls. Or 16000 billion rolls. Or it could get hit 50x in 500 rolls. Instead, this method ensures that the JP is going to be hit, and within a subjectively short period of time in comparison.

After reviewing your feedbacks we decided to modify some things to solve your concerns about the Jackpots.
Quoted from our new FAQ section:  

"When a new Jackpot is set, our server generates a random Hash Key (e.g. "MB58bNJogX") and random value for the Jackpot (e.g.  777). This value is the amount of bits to be won.
These two, the Hash Key and the Jackpot value are encrypted into a SHA256 Hash Code in the following form: "MB58bNJogX777".
The generated Hash Code for every Jackpot (Grand, Major and Minor) is shown in the Jackpot Box.
When a Jackpot is won you will find the jackpot value along the Hash Key and the Hash Code in the Jackpots Tab.
You can verify the authenticity of the Jackpot here:
http://www.xorbin.com/tools/sha256-hash-calculator
After each increase of jackpot, the server compares the generated Hash Code of the new value with the
Jackpot Hash Code. When these two are the same, we have a winner.
In this way we assure that no one knows the Jackpot value and that no one can modify it."

We believe this setup of the Jackpot has some great benefits:
1. The certainty that the Jackpot will be won.
If we have a certain value, there is only a matter of time until we will have a winner.
The odds system approach gives you a much lower chance to win and it is possible to not have a winner for a very long time, unless the odds are controlled.
2. The Jackpot value cannot be seen or modified by the owners and trustworthy is very  important for us.

In the end we would like to thanks to all users who gave us a feedback. This is the only way to progress and maintain a high standard.

I was thinking the same, a jackpot should have an odd IMO. 1 in 100,000 bets or something like that, the other moneypot apps that has a jackpot always inform the odd of the jackpot to players.
i.e JPR have a jackpot with odd 1 in 279936, they explains the formula of the jackpot very well.

thank you for taking the time for the more in depth explanation.

please bear with while I try to explain how I see it as a gambler

you are saying
- We didn't specify an odd for each jackpot, because there is no one. When we launched the website and started the jackpots, each one, MINOR, MAJOR and GRAND received a random value.
THIS VALUE IS WHERE THE JACKPOT IS WON!!! -

you specified a value and no one knows this value as far as I understood. only you know it. who will guarantee me as a player that you will not send a family member etc to bet when the jackpot is due?
again I am not saying that you will do it and you are looking to a decent guy

this is a very strange jackpot setup IMO and lets see if we get this cleared up and I hopefully misunderstood something here

good luck

Guys check out our new updates on autobetting.

We will make a FAQ page for jackpots soon. 

Sorry for this misunderstanding. I believe that the problem here is our lack of explanations, so I will try explain the concept again with examples to be clear for everyone.
First of all, there's no secret involved, no hide and seek game and our Jackpots are provably fair like all contents from Moneypot.
 
We didn't specify an odd for each jackpot, because there is no one.
It stays like that:
When we launched the website and started the jackpots, each one, MINOR, MAJOR and GRAND received a random value.
THIS VALUE IS WHERE THE JACKPOT IS WON!!!
So if the value for the Grand Jackpot is 1.5 bitcoin, when this value is reached, the last bettor will win the jackpot.
EXAMPLE: if the jackpot stand at 1.49999999 and we bet and make it 1.5 bitcoin, we win the jackpot.
HOW THE JACKPOT GROWS?
Well it grows from wagered money. If there are more money wagered, it will grow faster.

And yes, if you wager more money you have more chances to win any of the jackpots because you reach more values.
For example: if you wager 1 bit you modify the jackpot from 100 to 100.0005. and have 5 values where you can win the jackpot: .0001, .0002 ...you get it.
But if you wager 1000 you grow it from 100 to 100.1, so you have 1000X more values where you can win the jackpot.
Truly said, you have 1000X chances to win it than by betting 1 bit.

The system is automated, and after a win and reset of the jackpot, the value is automatically stored in the database.

Thank very much. I hope this make sense. Good luck!

sorry it is not the answer to my question and very sad that you as the owner can't answer my question. it is not an hide and seek game sorry to say that

ranlo just answer to your question.

sorry but I thought my question was very clear and understandable.

please let me try again. could you tell us the odds for each of the 3 jackpots? the answer should be
1 in xxxxxxx to win jackpot 1
1 in xxxxxxx to win jackpot 2
1 in xxxxxxx to win jackpot 3

or is it a secret? if yes why should a player try to win a bet that maybe has no chance at all? I am not saying that you are cheating. moneypot games are provably fair but is this jackpot prize provably fair?

This is the best explanation! Thanks ranlo   .

To clarify...

It's not based on a chance per bet. There is a set point. Think of it like saying "bet #31,503,292 wins!" but instead of being based on each bet, it's based on the amount the jackpot has to reach. A twist on the norm.

The jackpot will be won by the player who bet last before reach the boiling point.

I am missing one explanation and in case I missed it I apologize and please point me to it.

you offer 3 Jackpots but I did not see the odds to win each Jackpot. please explain us the odds to win those 3 Jackpots. I saw only that you mentioned a random boiling point whatever that might be. thank you and good luck

Thanks ranlo!

Post number 5 explains how it all works, .

*****

I also cannot find info how to hit the JP?

hey this is great, with progressive jackpot, anyhow how to hit that jackpot? any specific number to hit it?
congratz for opening new dice gambling site. hope this will success in future

Just wanted to drop in and say that the staff of Diceco.in has been receptive to input, and the site looks great! Not to mention the jackpot atm (top one) is 1BTC+ and there are smaller ones as well. Pretty neat idea and it's building up!

The Autobet function is officially launched!!!
We can choose from multiple options and create your own winning strategy.
Stuff you can edit:
- wager
- multiplier: You can increase/decrease the multiplier, generally known as the "odd" after a win/loss.
Example: If you want to decrease a multiplier of 2 to 1.5 after a loss, fill the multiplier input with 0.75.
- switch: You can switch from high to low whenever you want, after a win/loss or after a number of rolls.
- reset: Reset to the first bet.
- stop: Stop after a win/loss, after a number of rolls or if you earn the profit you want.
Don't feel inspired? Choose one of our default strategies: Martingale V2, Challenge, Strike or Jackpot Run and start winning!

And remember, the jackpot is closer than you think!