Make a living out of Satoshi Mines? - page 2.

Superhitech

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Quote from: justspare on December 09, 2015, 11:56:04 PM

No... Gambling is gambling. It's not a way to make a living out of.

There are some professional gamblers in the world who play poker (such as this guy and there are also some others) or bet on sports and make a living out of it, so this statement isn't entirely correct.

However, you never hear about professional dice players or professional satoshi mines players because you can't make a living out of a game with a house edge.

justspare

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No... Gambling is gambling. It's not a way to make a living out of.

Besides, there is no real strategy for satoshi mines. I'm not aware of any betting bots for it either, so betting will not be automatic and that might take up a long time.

Superhitech

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Quote from: virtualx on December 09, 2015, 06:31:14 PM

Quote from: ClashBit on December 08, 2015, 06:48:09 PM

Hey there,

Is it possible to make steady money in Satoshi Mines? Using a good strategy and maybe a bot, or it's better to play manually with a strategy? I have a big bankroll to put in.

My starting bankroll would be around 3 BTC minimum, I am looking for 1 BTC daily.

Thanks

Good question. Usually casino games have a house edge. The game is a game of chance, can you use the strategy to win big for a long period of time? To answer this I'd have to work out the math, program a simulator and run a lot of simulations. After doing that I could give you a deterministic answer.

I have a strategy for the dice game, which I used to make some nice profit, no loss before ever. A modified version of this strategy may be as successful as my dice strategy.

Is your strategy a guaranteed way to win, or are you just lowering the odds of losing? Even with lowered losing odds, you will have a better chance of winning, but unless you are extremely lucky, you won't continue to win in the long term.

Are you willing to share your strategy here?

mtnsaa

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Gambling should be just for fun. If you want to be a pro it's possible but you will also need skill, for example in Poker or Sports Betting, daily fantasy for example is also a new way where a few selected people make a living.

hua_hui

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Quote from: Dannie on December 09, 2015, 11:13:14 PM

Quote from: virtualx on December 09, 2015, 06:31:14 PM

I have a strategy for the dice game, which I used to make some nice profit, no loss before ever. A modified version of this strategy may be as successful as my dice strategy.

If you really have a strategy that gives you certain profit, you should be winning huge amount of bitcoin and dice sites should have gone bankrupt. So how much have you won in total? 1000 btc?

yah if u have a strategy den u should exploit it. however, i believe that this stragety is same as other stragety, just to reduce the risky. u may have a lot of small gains but when u lose, you will lose very big. so u may have 10 or even 100 times profit but one unlucky day u may give it all back.

Dannie

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Quote from: virtualx on December 09, 2015, 06:31:14 PM

I have a strategy for the dice game, which I used to make some nice profit, no loss before ever. A modified version of this strategy may be as successful as my dice strategy.

If you really have a strategy that gives you certain profit, you should be winning huge amount of bitcoin and dice sites should have gone bankrupt. So how much have you won in total? 1000 btc?

virtualx

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Quote from: ClashBit on December 08, 2015, 06:48:09 PM

Hey there,

Is it possible to make steady money in Satoshi Mines? Using a good strategy and maybe a bot, or it's better to play manually with a strategy? I have a big bankroll to put in.

My starting bankroll would be around 3 BTC minimum, I am looking for 1 BTC daily.

Thanks

Good question. Usually casino games have a house edge. The game is a game of chance, can you use the strategy to win big for a long period of time? To answer this I'd have to work out the math, program a simulator and run a lot of simulations. After doing that I could give you a deterministic answer.

I have a strategy for the dice game, which I used to make some nice profit, no loss before ever. A modified version of this strategy may be as successful as my dice strategy.

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: ClashBit on December 08, 2015, 06:48:09 PM

Hey there,

Is it possible to make steady money in Satoshi Mines? Using a good strategy and maybe a bot, or it's better to play manually with a strategy? I have a big bankroll to put in.

My starting bankroll would be around 3 BTC minimum, I am looking for 1 BTC daily.

Thanks

Very doubtful, it's probably impossible to guarantee a daily 1 bitcoin profit on Satoshi Mines.

rizkyhiw

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ahhh i have thought like this, first i can make 0.02 daily with 0.09 bankroll in a week, i repeating my method and work.
but everything messed up when i get lost 0.09 in three days consecutively lol until i start thinking that this is actually the house edge work Cheesy

so don't expect make a living in gambling include this satoshimines.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: ClashBit on December 08, 2015, 11:13:56 PM

Guys everything in life is a risk. When you start a business you know it has a failure rate and you risk money. Gambling is the same but the bad thing is you don't have the edge.

Anways I was just asking. I dont know much about the mines but I know that any other form of gambling is loosing money.

Owning a business and gambling shouldn't be compared to one another that easily. You should never place faith that you will make a living out of your gambling,
regardless of weather it's a dice, casino, mines or anything gambling related.

If you want to make a smarter investment, maybe you should consider investing in a gambling site, rather than just being a normal user, as the odds would be better for you then.

cheers

fruito

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Fast way to win some bits, if you have a great luck on x3/x5

but if you play only with x1 bomb you will got nothing(if you play with small amount)

phibay

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that's the best way.... the best way to lose you bitcoins quickly. you seem familiar? are you the guy who's tracking down robitbot and other ponzis that scammed you? anyway i don't suggest making a living with satoshi mines and even in all gambling games, but i know you are a risk taker so why not try your luck on gambling Cheesy

just dont depend on strategies.

Shogen

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Quote from: ClashBit on December 08, 2015, 11:13:56 PM

Guys everything in life is a risk. When you start a business you know it has a failure rate and you risk money. Gambling is the same but the bad thing is you don't have the edge.

Anways I was just asking. I dont know much about the mines but I know that any other form of gambling is loosing money.

Sorry to tell you that satoshimines also gives you a negative EV, just like the other forms of gambling. Their house edge is different depending on the setups, but it is always there. For example, if you play the 1-mine game for just 1 step, you will get 104% return with 96% chance which gives you a EV of 99.84%. If you play the 24-mine game, you will get x24.04 return with 4% chance which gives you a EV of 96.16%.

ClashBit

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Guys everything in life is a risk. When you start a business you know it has a failure rate and you risk money. Gambling is the same but the bad thing is you don't have the edge.

Anways I was just asking. I dont know much about the mines but I know that any other form of gambling is loosing money.

paka

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Quote from: harizen on December 08, 2015, 08:38:58 PM

Quote from: Michael Scofield on December 08, 2015, 07:11:40 PM

I'll give you a strategy that works :-)
Got me from 96k to 403k within minutes

Do you think it can support your living?

If yes support your answer.

To the OP, why bother to waste that money in a gambling site to make a steady money. Make real life business with that money instead.

Can you suggest a sure real money making business in real life? What if OP really wants to gamble and would want to lose that 3btc lol

Superhitech

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Quote from: P4ndoraBox7 on December 08, 2015, 10:41:46 PM

why satoshi fake mining when you can really mine on hashnest...

Satoshi mines isn't "mining", at all. Hashnest is a form of mining (cloud mining) but isn't really mining either. It could be possible to make a profit with cloud mining, but it's a risk.

OP, if you do decide to invest in cloud mining, see this thread beforehand: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

Quote from: ?? on ??

Quote from: ClashBit on December 08, 2015, 10:39:08 PM

Hello to everyone, thanks for your replies. I am sorry but the title is not correct as I wanted to put something like 'Make steady' I have several online businesses which brings me money every month and I can say I can gamble 4-5 BTC for fun each month. I have seen some strategies on Satoshi Mines that is why im asking if its possible to grow them there. My businesses are not in BTC, they are all fiat.

The absolute best strategy possible would be able to turn your expected loss of 1% into around a loss of ~0.7% (by the amount you turn over). But that's still not going to come close to be profitable, despite the fact you can easily have a high probability of making your desired 1 BTC a day (but it comes with a small probability of losing a much larger amount, making the whole thing -EV).

If you're actually trying to make money, you first need to find things that have the possibility of being +EV. The things I know that have that possibility:

  * Poker
  * PevPot (mine)
  * Bustabit (mine)
  * Taking advantage of promotions (esp. by sites that can't do maths, e.g. speeddice affiliate program is ridiculously +EV (until they realize it, and shut it down, possibly with your money))
  * Card games when they don't reshuffle
  * Some physical video poker machines with perfect play

I think this is the best answer on the thread so far. You can't really make a living off satoshi mines in the long run.

Also, to add to the list, if you watch a lot of sports and you are decent at guessing which teams will win, etc., you could try sports betting.

Personally, I think instead of gambling, you should try and invest or start a business to make an income. Good luck!

P4ndoraBox7

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why satoshi fake mining when you can really mine on hashnest...

ClashBit

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Love BTC!

Hello to everyone, thanks for your replies. I am sorry but the title is not correct as I wanted to put something like 'Make steady' I have several online businesses which brings me money every month and I can say I can gamble 4-5 BTC for fun each month. I have seen some strategies on Satoshi Mines that is why im asking if its possible to grow them there. My businesses are not in BTC, they are all fiat.

raaajlucky

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I don't think any strategy will work to make a living with gambling. I don't believe in this.

adaseb

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Wondering what is with the SatoshiMines threads lately. Seems to be picking up alot of interest. I will probably go and check it out.

Topic: Make a living out of Satoshi Mines? - page 2. (Read 4137 times)