Author

Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 169. (Read 454823 times)

legendary
Activity: 1750
Merit: 1007
There should also be a game called "BFL". It is a realistic Butterfly Labs simulator.

You can deposit your money to buy "miners" and you get a 1% chance that you get the "miner" (10x payout) but there is a 99% chance you never get anything.
Actually, that would be more complex, you would not have win/lose, but always get some money back, except you don't know when, and the later it is, the lower the gain is. Kinda like a reverse loan.

Million Dollar Idea: Virtual Mining Simulator

You manage your (fake) funds and buy whatever miners you want, and if they deliver you get them in the game. Real difficulty used in-game as difficulty.

Anyone who can implement this site PM me.

Pretty certain this has been done.

Yep, this was done by Nachtwind on the forums, virtualminer.eu.  It didn't get enough interest to stay alive.  It was pretty neat, and I've considered making something like it even before he did, but I think your target audience is far too small to be worth the time making it.
hero member
Activity: 854
Merit: 500
There should also be a game called "BFL". It is a realistic Butterfly Labs simulator.

You can deposit your money to buy "miners" and you get a 1% chance that you get the "miner" (10x payout) but there is a 99% chance you never get anything.
Actually, that would be more complex, you would not have win/lose, but always get some money back, except you don't know when, and the later it is, the lower the gain is. Kinda like a reverse loan.

Million Dollar Idea: Virtual Mining Simulator

You manage your (fake) funds and buy whatever miners you want, and if they deliver you get them in the game. Real difficulty used in-game as difficulty.

Anyone who can implement this site PM me.

Pretty certain this has been done.

Not as in-depth but yes I have seen a link to this in someone's signature.
sr. member
Activity: 518
Merit: 250
There should also be a game called "BFL". It is a realistic Butterfly Labs simulator.

You can deposit your money to buy "miners" and you get a 1% chance that you get the "miner" (10x payout) but there is a 99% chance you never get anything.
Actually, that would be more complex, you would not have win/lose, but always get some money back, except you don't know when, and the later it is, the lower the gain is. Kinda like a reverse loan.

Million Dollar Idea: Virtual Mining Simulator

You manage your (fake) funds and buy whatever miners you want, and if they deliver you get them in the game. Real difficulty used in-game as difficulty.

Anyone who can implement this site PM me.

Pretty certain this has been done.
hero member
Activity: 854
Merit: 500
Just kidding we love you doog  Smiley
hero member
Activity: 854
Merit: 500
List of things on doog's "to-do list"
  • inputs withdrawals
  • auto-divest bot
  • Server not hosted on a potato
  • Built-in "Bot" tab
  • Implement TempleRun's site design

List of things doog has completed in the past month
hero member
Activity: 854
Merit: 500
There should also be a game called "BFL". It is a realistic Butterfly Labs simulator.

You can deposit your money to buy "miners" and you get a 1% chance that you get the "miner" (10x payout) but there is a 99% chance you never get anything.
Actually, that would be more complex, you would not have win/lose, but always get some money back, except you don't know when, and the later it is, the lower the gain is. Kinda like a reverse loan.

Million Dollar Idea: Virtual Mining Simulator

You manage your (fake) funds and buy whatever miners you want, and if they deliver you get them in the game. Real difficulty used in-game as difficulty.

Anyone who can implement this site PM me.
hero member
Activity: 767
Merit: 500
now that I understand the dual meaning of the name, perhaps a logo that incorporates the scales of justice and dice?

something like the scales, with a die in each pan?  I'm no good at logos unfortunately.

Will
hero member
Activity: 854
Merit: 500
There should also be a game called "BFL". It is a realistic Butterfly Labs simulator.

You can deposit your money to buy "miners" and you get a 1% chance that you get the "miner" (10x payout) but there is a 99% chance you never get anything.
hero member
Activity: 767
Merit: 500
Roulette & Poker confirmed for JD, you heard it here first.

It would be possible to add craps without compromising either of the meanings of the site name. Smiley

Will
full member
Activity: 182
Merit: 100
Swiss Money all around me!
I'm obviously a bit thick...

Quote from: logo design contest
"Just" in the name refers to:the game being provably fair; players can verify that the site has no way of cheating them (as well as the site only featuring a single game).

I thought Just was because it just did dice and nothing else, but being just (as in justice) makes a lot more sense!!!

:sheepish:

Will

Roulette & Poker confirmed for JD, you heard it here first.

Blackjack, any Poker or Roulette.
hero member
Activity: 854
Merit: 500
I'm obviously a bit thick...

Quote from: logo design contest
"Just" in the name refers to:the game being provably fair; players can verify that the site has no way of cheating them (as well as the site only featuring a single game).

I thought Just was because it just did dice and nothing else, but being just (as in justice) makes a lot more sense!!!

:sheepish:

Will

Roulette & Poker confirmed for JD, you heard it here first.
hero member
Activity: 767
Merit: 500
I'm obviously a bit thick...

Quote from: logo design contest
"Just" in the name refers to:the game being provably fair; players can verify that the site has no way of cheating them (as well as the site only featuring a single game).

I thought Just was because it just did dice and nothing else, but being just (as in justice) makes a lot more sense!!!

:sheepish:

Will
member
Activity: 102
Merit: 10
Keep the comments coming for the logo contest. I can ask them to make changes to the designs, so feel free to leave comments when you rate the designs as well, and I will ask for some changes to be made based on your good ideas!

Deb
hero member
Activity: 854
Merit: 500
Here is the link to the page with all the designs so far, and I have started a new poll with more designs on it as I can't edit the current one.
https://99designs.ca/logo-design/contests/logo-wanted-dice-240815

#18 on this page is elegant in its simplicity, although I'm not sure about the color of the dash, but making it green wouldn't help either.  Maybe a third color?

Will

#9 was really good but it's ruined by the really big "1" on the side of the dice.
hero member
Activity: 767
Merit: 500
Here is the link to the page with all the designs so far, and I have started a new poll with more designs on it as I can't edit the current one.
https://99designs.ca/logo-design/contests/logo-wanted-dice-240815

#18 on this page is elegant in its simplicity, although I'm not sure about the color of the dash, but making it green wouldn't help either.  Maybe a third color?

Will
member
Activity: 102
Merit: 10

Where is the 3 BTC contest located?


https://99designs.ca/logo-design/vote-5kzf93   First Poll

https://99designs.ca/logo-design/vote-m9ljcq  Second Poll

These are the polls I created for the new logo contest.

Deb

Here is the link to the page with all the designs so far, and I have started a new poll with more designs on it as I can't edit the current one.
https://99designs.ca/logo-design/contests/logo-wanted-dice-240815
legendary
Activity: 2940
Merit: 1333
I feel you should take as much as you want.

It's interesting to see how my thoughts have changed over the last 2 months.  At first I was all about offering a community site, taking just enough out to cover hosting, etc.  Many people complained I wasn't taking enough commission, that it must be a scam.  The only way it could work was if the business model was to run with the investment.  It started to feel unfair to me - that I put in all the work and was getting only 1% of the profits.  I struggle to decide how much is a fair commission to take.

The more you take, the less investment you will have... the less investment you have... the fewer people that try and work for you for free/share losses/boost max profit.

Another benefit of having lots of investors is that it seems to bring people to the site who would never usually visit a gambling site.  They're smart; they're investors, not gamblers.  But we've all seen what happens.  Investing is slow and boring.  Gambling is fast and fun and "I'll only bet a little bit...".

The site will balance itself out in the end, free markets and the like.  Right now many people would probably agree the sight has more then enough invested... so maybe taking more then 10% is warranted.

If I ever had a target, it was to be able to offer max bets that compare with SatoshiDice's.  At the time they were offering 500 BTC bets at 2x payout.  We've achieved that now, and at the same time, their max bet at 2x has more than halved, to 210.6476 BTC at the time of writing.  We're still nowhere near their max bet on the "hard to win" end of the spectrum.  They offer a max bet of 0.0348 BTC at 64000x.  That's a profit to the player of 2227.1652 BTC per roll.  It don't see us ever being able to beat that.  But I imagine once the new management of SatoshiDice realises what they're offering, they'll realise they can't afford it either and fix it.

You could even automate the process... if you had some set amount you wanted to be invested have a program adjust your take higher and lower each Sunday to try and drive investment to your target without forcing anyone to do anything they did not want to.

Did you notice the effect that the announcement of the commission doubling from 5% to 10% had on the amount invested?



ie. it had approximately zero effect on investment.  I guess either

a) investors consider keeping 90% of profits to be pretty much the same as keeping 95% of the profits, and consider both to be a really good deal, or
b) investors didn't notice that the rate changed, so the real reaction to the news is still to come

Either way, it doesn't seem I can manage investment levels by playing with the commission rate, unless I play a lot harder than I have so far.

Also, the 7 day notice period, and a further 7 days until the first commission run actually takes commission at the new rate makes for a pretty sloppy feedback loop.
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
I feel you should take as much as you want.  The more you take, the less investment you will have... the less investment you have... the fewer people that try and work for you for free/share losses/boost max profit.  The site will balance itself out in the end, free markets and the like.  Right now many people would probably agree the sight has more then enough invested... so maybe taking more then 10% is warranted.  You could even automate the process... if you had some set amount you wanted to be invested have a program adjust your take higher and lower each Sunday to try and drive investment to your target without forcing anyone to do anything they did not want to.
hero member
Activity: 656
Merit: 500
Site is doing really nice and steady lately. But I miss those crazy celeste/nakowa sessions Smiley
legendary
Activity: 2940
Merit: 1333
I plan to make the accounts transparent too.  I'll itemize how much has been collected in commission, and how it has been spent.  Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

I haven't posted the list anywhere, and had forgotten that I promised to.

I don't really know what I was thinking at first.  1% of 1% of turnover was always going to be tiny and never pay for my time.  I guess I was thinking I'd launch the site then forget about it, and let it run itself.  Dumb, huh?

Since launch, 8 weeks ago, pretty much my every waking moment has been taken up by the site.  I completely misunderestimated how popular it would be, and how many people would forget to make a note of their secret URL, would forget their username or password, would lose, crash, destroy or reformat their google-auth device, would find new and exciting ways of trying to break the server, and would generally keep me busy for as many hours as I had available.

So I'm still "covering site expenses", but that now includes "making enough to support Deb and I".

Hosting for the first full month cost 3.5 BTC.  I expect the 2nd full month will be more since I'm now using a bigger instance.  Let's guess 8 BTC for 2 months.

I've paid out 5 BTC in promotions.  A little over 2 BTC as bitcent freebies to the first couple of hundred people to post on the other Just-Dice thread, and a few 1 BTC prizes for milestone bets.

I just paid 3 BTC for a design contest for a site logo.

I've not paid for any advertising, but will do once I'm happy with the site's look and stability.

So that's a total of 16 BTC paid out in 2 months.

In the same period I've collected 192 BTC in commission.  Minus the 16 BTC expenses, that's 176 BTC.  That's 22 BTC per week or a little over 3 BTC per day.  I put about 16 hours per day into the site on average, and Deb, about 14.  30 hours per day between the two of us.


As the site continues to profit I plan to enjoy my fair share of those profits.  A 90/10 split seems generous to me.
Jump to: