Make a living out of Satoshi Mines? | Bitcointalksearch.org

krunox123

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I don't bite.

Quote from: mobnepal on December 11, 2015, 06:53:30 AM

Wining only around 0.02BTC profit daily will be enough for my living. But to won that amount i have to have atleast 0.10BTC to risk on satoshimines which i don't i gonna put into.

How are you able to live with just 0.02 BTC daily? I'm not sure if that amount is enough to feed my family and my pets.
I have seen quite a few people willing to bet the maximum amount on satoshimines which is 1 BTC. Shocked

mobnepal

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Wining only around 0.02BTC profit daily will be enough for my living. But to won that amount i have to have atleast 0.10BTC to risk on satoshimines which i don't i gonna put into.

jobsonbitcoins

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some times yes but some times no. for me it works before playing we need good strategy & some preparations.

bitcoinfuturetips

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yes you are right in gambling no strategy will work only LUCK matters.

krunox123

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I don't bite.

Quote from: cellard on December 10, 2015, 07:05:25 PM

The only way to make a living off a pure gambling site is by finding an exploit and exploiting it as long as you can... that's the reality of things. Since I have no idea how to code or anything, I limit myself to playing fair and testing my luck, and I have an actual job that doesn't depend on luck to sustain myself.

And for such idea to become a reality, you will need to be a really good at hacking.
The key to win a lot in gambling is you just need to have a lot of luck in your life.

BigMac

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

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

You want a 33% profit every day from gambling? Let's get real. I am not even sure if a mafia boss can get 33% profit every day (x10 per month or x120 per year without compounding) for doing all kind of illegal activities lol.

cellard

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The only way to make a living off a pure gambling site is by finding an exploit and exploiting it as long as you can... that's the reality of things. Since I have no idea how to code or anything, I limit myself to playing fair and testing my luck, and I have an actual job that doesn't depend on luck to sustain myself.

ShrykeZ

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Quote from: ajareselde on December 10, 2015, 05:27:43 PM

Quote from: Patatas on December 10, 2015, 02:36:27 PM

Quote from: darkangel11 on December 10, 2015, 02:12:55 PM

Quote from: Patatas on December 10, 2015, 01:47:37 PM

If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

Why such a sum? 1btc? Wtf? That's almost $400 a day! With money like that you'd not only make a living but become filthy rich in a couple months.

To make a living in most countries you'd just need a minimum of $500 a month and twice that if you had a family to support.

You can make a living out of $50 a day and in most of the countries this amount assures you live a lavish life.Op is keeping a big target so as to achieve the minimum in the worst case scenario I guess.But anyway keeping high expectations is not a bad thing to do.

It is bad when someone's even remotely considering to live off from their gamble. Every profit seeking carry's a certain risk attached to it,
and with expectations of 1btc per day, those risks are equally high, which is not a smart long term move. Remember we're talking about gambling, and not running a business or service..

cheers

It really is a bad idea to consider living off a sporadic income. I'd recommend you search for alternative ways of living although if you believe you have what it takes to deal with the frustration of serious gambling, best of luck to you!

Cxinbolen

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Quote from: virtualx on December 10, 2015, 05:37:59 PM

Gambling as a business is possible, it is stressful and hard work and needs very careful planning. To do so you need to let the math work in your favor. Casinos always ban the math type of players Cheesy

You might think it is, but in the end, it all boils down to how lucky you are - seriously. No realistic amount of math can compensate against luck; there may be some methods that usually work according to mathematics but I'm sure that the creators were geniuses. Even then, the methods probably wouldn't be perfect.

virtualx

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Quote from: ajareselde on December 10, 2015, 05:27:43 PM

Quote from: Patatas on December 10, 2015, 02:36:27 PM

Quote from: darkangel11 on December 10, 2015, 02:12:55 PM

Quote from: Patatas on December 10, 2015, 01:47:37 PM

If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

Why such a sum? 1btc? Wtf? That's almost $400 a day! With money like that you'd not only make a living but become filthy rich in a couple months.

To make a living in most countries you'd just need a minimum of $500 a month and twice that if you had a family to support.

You can make a living out of $50 a day and in most of the countries this amount assures you live a lavish life.Op is keeping a big target so as to achieve the minimum in the worst case scenario I guess.But anyway keeping high expectations is not a bad thing to do.

It is bad when someone's even remotely considering to live off from their gamble. Every profit seeking carry's a certain risk attached to it,
and with expectations of 1btc per day, those risks are equally high, which is not a smart long term move. Remember we're talking about gambling, and not running a business or service..

cheers

Gambling as a business is possible, it is stressful and hard work and needs very careful planning. To do so you need to let the math work in your favor. Casinos always ban the math type of players Cheesy

ajareselde

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Quote from: Patatas on December 10, 2015, 02:36:27 PM

Quote from: darkangel11 on December 10, 2015, 02:12:55 PM

Quote from: Patatas on December 10, 2015, 01:47:37 PM

If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

Why such a sum? 1btc? Wtf? That's almost $400 a day! With money like that you'd not only make a living but become filthy rich in a couple months.

To make a living in most countries you'd just need a minimum of $500 a month and twice that if you had a family to support.

You can make a living out of $50 a day and in most of the countries this amount assures you live a lavish life.Op is keeping a big target so as to achieve the minimum in the worst case scenario I guess.But anyway keeping high expectations is not a bad thing to do.

It is bad when someone's even remotely considering to live off from their gamble. Every profit seeking carry's a certain risk attached to it,
and with expectations of 1btc per day, those risks are equally high, which is not a smart long term move. Remember we're talking about gambling, and not running a business or service..

cheers

Nauro

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its impossible .. its like dice but you feel better there because its in form of mines .. come on guys nothing in this world can give a living other than business or job

Patatas

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Quote from: darkangel11 on December 10, 2015, 02:12:55 PM

Quote from: Patatas on December 10, 2015, 01:47:37 PM

If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

Why such a sum? 1btc? Wtf? That's almost $400 a day! With money like that you'd not only make a living but become filthy rich in a couple months.

To make a living in most countries you'd just need a minimum of $500 a month and twice that if you had a family to support.

You can make a living out of $50 a day and in most of the countries this amount assures you live a lavish life.Op is keeping a big target so as to achieve the minimum in the worst case scenario I guess.But anyway keeping high expectations is not a bad thing to do.

SyGambler

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guess who's back

don't let your dream go big , cause it's impossible to make a living playing -EV games such Satoshi Mines
save your 3 BTC and try to learn poker , cause in poker you may grow your capital and start to make daily profit while in -EV games you will face a day that will cost you all of the money you won before + your starting bankroll

darkangel11

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Quote from: Patatas on December 10, 2015, 01:47:37 PM

If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

Why such a sum? 1btc? Wtf? That's almost $400 a day! With money like that you'd not only make a living but become filthy rich in a couple months.

To make a living in most countries you'd just need a minimum of $500 a month and twice that if you had a family to support.

Patatas

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If you achieve the milestone of 1BTC daily I'm sure you can make lavish living out of it! But losing on your bankroll will have some long term drawbacks.You have to be extra smart and extra careful because using a bot might just end up banning the account,you never know ! I don't think its impossible but its highly risky!

hitlerbitcoin

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There is a game in Gambling called 3 card Poker, Here you can make some money but you need some strategy plans like you need people who you trust more. they should be good in mathematical calculations then make plan how to play. i am sure you definitely make some money it works for me.

virtualx

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Quote from: hua_hui on December 09, 2015, 11:18:24 PM

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.

This strategy for dice I made is sadly not working in long term. Otherwise I would never tell anybody Grin

If you use my strategy you can get 10% to 60% of your initial investment. To make 1000 btc with this strategy, you need to have somewhere around 8000btc-10.000 btc. In this algorithm the amount of profit depends on the amount of initial investment. You should have several iterations with this algorithm but no more than 25. In long term you will lose with this strategy because of house edge.

Satoshi Mines is not dice however. The rules are different so I'm no sure if same strategy works here.

hitlerbitcoin

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if you play Gambling alone i am not sure you will get profit or not its 50 - 50. But if you play with your friends and make good strategy i am sure you will make some profit.

Erza

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Quote from: phibay on December 09, 2015, 03:51:50 AM

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.

You can make living using such as gambling game but not all games. May be poker and sportbetting if I can recommend but this is not always profit too sometimes you will lose too thats why you need something like emergency funds just incase you busted all in gambling. But if pro player I dont think they will busted all because they will think about their next future. Anyway you suggest him not to play gambling but in the end you are asking him to play. Your sentence are so contrary

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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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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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.

yahoo62278

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Alot of you are correct, especially when talking about users posting strategies that they swear work. Yes it has worked for them at that time but if they repeatedly keep playing the same strategy odds are the house edge catches up n they will bust.

koshgel

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I really doubt you could make a living. You might have had success a few times but in the long run you will probably come out even or down.

It seems so easy when you are winning but losing comes just as easily.

erwin45hacked

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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

If you are a real gambler then you know that there are no strategy that works if you are gambling , there are only some lucky variances. Eventually it will flat out and you will lose whatever you win so dont advertise things like this in the future

harizen

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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.

JumperX

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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

there is no strategy on gambling that will give you sure profit even on the very low odds of betting, the only reason behind your winnings is PURE LUCK, luck might come off someday but just my suggestion is dont push your luck too hard or if will bring a not good effect on you Wink

iv4n

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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

Well I think u ask to much for beggining. I think its possible to make 20 $ daily with 3 BTC bankroll for gambling. And I believe more in dices, roulette then in mines (its just my thinking and I played both). Like people say there is no strategy in gambling, if u play progressive u will lose in long run. Try to make your own strategy and be satisfied with 10 - 20 dollars daily in beggining, after that if u are sure in yourself try for more. Some people say that is easy to lose all what u have and they are right, but also u create your own destiny so take it easy and play smart. I wish u good luck.

paka

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No, you won't be making 1btc daily maybe even with your first try you are going to lose your 3BTC. There is no guaranteed strategy to make you a 1BTC daily and if that strategy exists there will be no poor people in the world.

krunox123

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I don't bite.

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

- snip -

No, there is no way you can make a living through gambling. It is impossible for you to make a living with Satoshi Mines because to do so you will have to always win which require you to have a lot of luck.
It is possible to make 1BTC daily, but not through gambling.

Michael Scofield

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

jacee

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I really don't get it how people make a living from gambling alone. Unless you have a big amount of btc to risk then maybe you can win a big profit. I don't think that there is really a strategy tho, I have seen some people claiming that their strategy works and have gained frofit with it but I never tried it. IMO you shouldn't think that gambling can make you a living. You can always find a better and with less risky way of making a living here online.

ClashBit

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Well, but probably many people loose their money. It's like casinos. They are players than win a lot and many that loose a lot.

yahoo62278

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If you figure out a way to make 1btc daily pm me because im not sure thats really possible. The site couldnt stay in business very long if someone knew how to consistently make that amount n share it with a few ppl

ClashBit

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Love BTC!

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

Topic: Make a living out of Satoshi Mines? (Read 4137 times)