How passive is the income from running a dice site/altcoin exchange? - page 3.

yrask

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Quote from: HeroCat on December 30, 2014, 03:44:14 AM

There will be strong competition with Dice site - there are a lot of them. Players like to play in their own favourite dice, which they know already, so I would suggest even not to think on this

Of course. Player wants to play in a dice game which has a big bankroll in way to win a great amount of BTC. So, I don't advice you to create a dice game, there will be many problem in future and it's very hard to grow up when there already are dice game like "PrimeDice" "JustDice" and "PRCDice".

AnonBitCoiner

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Eloncoin.org - Mars, here we come!

You'd be competing with the other larger sites with more funding and more recognition and reliability. You'd have to distinguish yourself somehow. But, it could be extremely profitable if done correctly, I would assume. Every now and then, you'd have to check in and update it, making sure it's secure, and stuff like that, but there shouldn't be as much work as there was required for setting it up in the first place.

HeroCat

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There will be strong competition with Dice site - there are a lot of them. Players like to play in their own favourite dice, which they know already, so I would suggest even not to think on this

Pierre11

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Quote from: Mt. Gox on December 30, 2014, 02:14:52 AM

I am interested in creating my own dice/gambling site (like Primedice and Just-Dice) and my own altcoin exchange (like Cryptsy and Poloniex). Does anyone know how passive such sites are? For example, writing a novel is passive income because once you write it and find a publisher, you don't need to do any work for the money to keep rolling in. Another type of passive income is a rental property - especially if you have a property manager, and automated trading where you write the trading bot and it does all the trading for you. Most large businesses also generate passive income for their owners.

So how passive is a dice site/altcoin exchange? Could I write a site using PHP and Javascript, announce it here on the forums, and then leave it alone and still get money? Since it would all be automated and the site will automatically skim the profits from the house edge or trading fees, am I correct in assuming that I won't need to do anything further other than maybe check to see how it's going every once in a while?

It all depends on how much traffic the site gets.

PrimeDice for example most likely earns up to a 100 btc a month, easily.

Altcoin exchanges need to be very secure as you could deal with 1000s of BTC too.

You would need to constantly work with the site to ensure it is updated and such.

Mt. Gox

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I am interested in creating my own dice/gambling site (like Primedice and Just-Dice) and my own altcoin exchange (like Cryptsy and Poloniex). Does anyone know how passive such sites are? For example, writing a novel is passive income because once you write it and find a publisher, you don't need to do any work for the money to keep rolling in. Another type of passive income is a rental property - especially if you have a property manager, and automated trading where you write the trading bot and it does all the trading for you. Most large businesses also generate passive income for their owners.

So how passive is a dice site/altcoin exchange? Could I write a site using PHP and Javascript, announce it here on the forums, and then leave it alone and still get money? Since it would all be automated and the site will automatically skim the profits from the house edge or trading fees, am I correct in assuming that I won't need to do anything further other than maybe check to see how it's going every once in a while?

Topic: How passive is the income from running a dice site/altcoin exchange? - page 3. (Read 2860 times)