Just-Dice.com : Invest in 1% House Edge Dice Game - page 166.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: yvv on September 12, 2013, 04:38:43 PM

Quote from: radiumsoup on September 12, 2013, 04:25:23 PM

Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.

Commission is applied to profit, not to investment. Investment does not cost me anything except microbitcoin transaction fee. Nothing compared to multi-thousand $ mining rigs.

Those (mining/investing) are two very different things, which are not incompatible, and each one carries their own risks/benefits set.

Specifically: by investing in just-dice, you get a reasonable 1% profit (aprox.), but you need to hold your money for some time in there too, and you are trusting it to a third party.

I know for sure I have more trust in dooglus than in most other "online casinos" around.

radiumsoup

sr. member

Activity: 356

Merit: 255

Quote from: yvv on September 12, 2013, 04:38:43 PM

Quote from: radiumsoup on September 12, 2013, 04:25:23 PM

Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.

Commission is applied to profit, not to investment.

One universal truth exists in commerce: All costs are passed along.

This is true either in prepaid costs from a subscription, or a set fee per transaction, or from a percentage deducted on the back end, or from the fact that you're getting a smaller percentage than you would be getting if costs were not a factor in the calculation of the owner's take. It doesn't matter how you think you're getting paid, you are not receiving as much as you would if costs were not factored in. Just because you can't see the costs deducted doesn't mean they aren't a factor.

Quote from: yvv

Investment does not cost me anything except microbitcoin transaction fee. Nothing compared to multi-thousand $ mining rigs.

The cost of running a website is not comparable to the cost of running an ASIC manufacturing and farming system. Then again, the profits are not comparable, either.

yvv

legendary

Activity: 1344

Merit: 1000

.

Quote from: radiumsoup on September 12, 2013, 04:25:23 PM

Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.

Commission is applied to profit, not to investment. Investment does not cost me anything except microbitcoin transaction fee. Nothing compared to multi-thousand $ mining rigs.

radiumsoup

sr. member

Activity: 356

Merit: 255

Quote from: yvv on September 12, 2013, 03:15:14 PM

Quote from: nimda on September 12, 2013, 02:51:44 PM

Quote from: yvv on September 12, 2013, 07:55:55 AM

This game is great!

Why bother with mining if you can invest into gambling and make profit instantly?

Invest
Instant profit

Pick one.

I mean, in contrast to mining, you start to make profit immediately. You do not need to return equipment and electricity costs.

Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.

yvv

legendary

Activity: 1344

Merit: 1000

.

Quote from: nimda on September 12, 2013, 02:51:44 PM

Quote from: yvv on September 12, 2013, 07:55:55 AM

This game is great!

Why bother with mining if you can invest into gambling and make profit instantly?

Invest
Instant profit

Pick one.

I mean, in contrast to mining, you start to make profit immediately. You do not need to return equipment and electricity costs.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

I would love to see video in-site video chat.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

Quote from: yvv on September 12, 2013, 07:55:55 AM

This game is great!

Why bother with mining if you can invest into gambling and make profit instantly?

Invest
Instant profit

Pick one.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: alexout on September 12, 2013, 07:54:14 AM

Can someone explain to me how there is a bet exactly every second and also a lot of the bets are quite weird sizes.

I mean who bets 0.00004096

IS this bots at work or real people?

If you look at the 'bet id' column, you will see that the numbers go up by more than one each second. There are lots of bets per second, but the site only shows one per second unless there are 'interesting' bets happening. There's a threshold over which all bets are sent - so if someone bets 1 BTC ten times in a second, you'll see all ten of them. Otherwise it's just too bandwidth-heavy to stream all bets to all viewers.

Lots of the bets are probably the work of bots, too.

And 4096 is what you get if you double 1 twelve times.

ColdHardMetal

hero member

Activity: 700

Merit: 500

Quote from: trout on September 12, 2013, 08:30:56 AM

here comes the day when people can use a computer without knowing that 4096=2^12

This is a sad day.

I think we are well passed that day. By possibly decades.

trout

sr. member

Activity: 333

Merit: 252

Quote from: alexout on September 12, 2013, 07:54:14 AM

Can someone explain to me how there is a bet exactly every second and also a lot of the bets are quite weird sizes.

I mean who bets 0.00004096

here comes the day when people can use a computer without knowing that 4096=2^12

This is a sad day.

so 0.00004096 is likely coming from a 12-loss-long streak on a martingale with 1 sat starting bet, made by a bot.

yvv

legendary

Activity: 1344

Merit: 1000

.

This game is great!

Why bother with mining if you can invest into gambling and make profit instantly?

alexout

full member

Activity: 256

Merit: 100

Can someone explain to me how there is a bet exactly every second and also a lot of the bets are quite weird sizes.

I mean who bets 0.00004096

IS this bots at work or real people?

mechs

full member

Activity: 210

Merit: 100

Quote from: dooglus on September 11, 2013, 07:19:19 PM

Quote from: MikkisJ on September 11, 2013, 05:56:31 PM

I looked at the grammar, style and text structure and it matches Nakowa's, so it's quite probable it's him.

I thought quite the opposite. Nakowa's English isn't great, but the IT professional who kindly offered his assistance wrote with perfect English.

Regardless, whether Nakowa involved or not (I think so but I am biased since I dislike him), DDoSing going to become the norm in the bitcoin gambling wild west whether for extortion or to handicap the competition. Any successful bitcoin gambling venture will need a robust DDoS protection strategy which is also cost-effective. The one advantage of blockchain polluters like Satoshi Dice is they are impervious to DDoSing (can DDoS the website, but once you know the addresses to send coins to for betting, it is a non-issue).

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: MikkisJ on September 11, 2013, 05:56:31 PM

I looked at the grammar, style and text structure and it matches Nakowa's, so it's quite probable it's him.

I thought quite the opposite. Nakowa's English isn't great, but the IT professional who kindly offered his assistance wrote with perfect English.

MikkisJ

member

Activity: 126

Merit: 11

Quote from: mechs on September 10, 2013, 03:54:00 PM

I wonder of Nakowa responsible for the DDoS atta is in Just-Dice just as his lets dice site comes out. Seems like the type of thing that asshole would do.

I looked at the grammar, style and text structure and it matches Nakowa's, so it's quite probable it's him.

mechs

full member

Activity: 210

Merit: 100

Quote from: dooglus on September 11, 2013, 12:24:41 AM

Quote from: mechs on September 10, 2013, 10:27:38 PM

it will cost less than 100BTC per year [...] they cost about 8.5BTC/month.

>>> 8.5*12
102.0

You are right, I guess it was a fair offer then. Will the extortionists accept monthly installments?

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

The gangsters should use inputs.io hehehe

DomenicoRomano

newbie

Activity: 33

Merit: 0

Quote from: dooglus on September 10, 2013, 05:55:12 PM

Someone just opened a support ticket offering DDoS protection, but 100 BTC seems a little expensive.

Are there any other service providers out there who can do the job for less?

Sure. Send 50 Bitcoins to 14o7zMMUJkG6De24r3JkJ6USgChq7iWF86 and I guarantee that you won't experience any problems. A ton of my bitcoins are there and I never get DDoSed.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Maybe you get a discount if you pre-pay the entire year.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: mechs on September 10, 2013, 10:27:38 PM

it will cost less than 100BTC per year [...] they cost about 8.5BTC/month.

>>> 8.5*12
102.0

Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 166. (Read 435360 times)