MintDice Bitcoin Casino - SportsBook & Provably Fair Games - page 34.

theskillzdatklls

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Quote from: Haunebu on September 28, 2019, 01:43:43 AM

Quote from: mu_enrico on September 26, 2019, 08:56:54 AM

Depends, is it real human or bots, from targeted links or not, paid or organic? These are what I mean by "traffic is not a useful metric for measuring the casino's performance."

I disagree. Traffic is everything and it is what most people check out to observe whether a particular site is doing well or not. The first thing that any customer would check while researching a site is traffic (Alexa ranking, Chat room players etc).

The traffic can be natural or artificial, but the numbers are what matter at the end of the day. Mintdice is doing really well in this area and are improving in a short span of time making them a competitive site in the crypto gambling realm.

Our Alexa rank is improving steadily but we still have a very long way to go. Please continue the support here, it is most welcome. Our immediate goal is to hit #50,000 or better then figure out another goal from there

As Sara has said, we have never artificially manipulated our gambling or traffic numbers once ever. Anything you see is real people. We would rather focus on real development and growth than spoofing numbers which we feel accomplishes next to nothing. Sometimes admins/developers do play but it is almost always to test things, not to spoof traffic, and it is extremely obvious when we are playing.

Quote from: tvplus006 on September 28, 2019, 04:09:13 PM

Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

I'm not entirely clear on your question. Our slot machines have a RTP of 98% or house edge of 2%:
https://mintdice.com/faq/games-general/the-numbers/what-is-the-house-edge

If you are curious about what exactly the current slot payback percentages are in real life at this moment in time, these are accessible but I don't want to waste developers time presently figuring this out. I can make data like this more public later if it is of high interest once our more important concerns are taken care of.

Our slot machine backend math will be changing slightly (in a much more fun manner) in under 6 months ideally. So any raw data provided now won't matter too much as it will become obsolete anyway.

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Quote from: tvplus006 on September 29, 2019, 02:32:32 PM

Quote from: rexxarofmoknathal on September 29, 2019, 02:20:47 PM

Quote from: sana54210 on September 29, 2019, 12:57:51 PM

Quote from: tvplus006 on September 28, 2019, 04:09:13 PM

Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

I doubt that is really something that should be shared with the public, I mean they can if they want to but that is not a data information that they should be forced to give up. If you wanted house edge then sure, if you wanted odds sure, if you wanted anything related to you gambling here then you should definitely get it.

But, the question of "how many slot players return after gambling" is not really something that affects the way you gamble, maybe psychologically it does affect it but it doesn't affect the real outcome of your gambling so I think if they want to hide that information they should.

We could literally ask how much has been gambled on this website so far and how much profit mintdice made so far out of that and we have the right to ask that, doesn't mean they can't just decline it.

I agree with you on this. I see no obligation for the casino to share this info. This info is their logistic which they use internally to assess how their business progresses and since this does not affect the players then I see no advantage for the casino to publicise this other than them wanting to do so

If the percentage of return to the player is small, then it makes no sense to talk about it. I know such gambling in which the return is very low and it is impossible to win there. But if here the percentage of return is set at the level of a real casino to 95%, then this is very important information. And players should know this.

There are actually 2 different numbers involved for slot games.

The 1st number is the % hold. Or the percentage amount that you should loose. i.e. 1% hold means that after a very large number of $1 bets you should have 1% less then what you started with.

The 2nd number is the actual return. Or after "X" amount of bets how much you wind up with. In theory they should both be the same, in reality they are not. Why? Because the % hold includes the top prize amounts (with their slot the 5x bear or 5x penguin) so they tend to come a lot less. But, when they do it smooths out the curve of payouts.

-Dave

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Quote from: rexxarofmoknathal on September 29, 2019, 02:20:47 PM

Quote from: sana54210 on September 29, 2019, 12:57:51 PM

Quote from: tvplus006 on September 28, 2019, 04:09:13 PM

Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

I doubt that is really something that should be shared with the public, I mean they can if they want to but that is not a data information that they should be forced to give up. If you wanted house edge then sure, if you wanted odds sure, if you wanted anything related to you gambling here then you should definitely get it.

But, the question of "how many slot players return after gambling" is not really something that affects the way you gamble, maybe psychologically it does affect it but it doesn't affect the real outcome of your gambling so I think if they want to hide that information they should.

We could literally ask how much has been gambled on this website so far and how much profit mintdice made so far out of that and we have the right to ask that, doesn't mean they can't just decline it.

I agree with you on this. I see no obligation for the casino to share this info. This info is their logistic which they use internally to assess how their business progresses and since this does not affect the players then I see no advantage for the casino to publicise this other than them wanting to do so

If the percentage of return to the player is small, then it makes no sense to talk about it. I know such gambling in which the return is very low and it is impossible to win there. But if here the percentage of return is set at the level of a real casino to 95%, then this is very important information. And players should know this.

rexxarofmoknathal

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Quote from: sana54210 on September 29, 2019, 12:57:51 PM

Quote from: tvplus006 on September 28, 2019, 04:09:13 PM

Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

I doubt that is really something that should be shared with the public, I mean they can if they want to but that is not a data information that they should be forced to give up. If you wanted house edge then sure, if you wanted odds sure, if you wanted anything related to you gambling here then you should definitely get it.

But, the question of "how many slot players return after gambling" is not really something that affects the way you gamble, maybe psychologically it does affect it but it doesn't affect the real outcome of your gambling so I think if they want to hide that information they should.

We could literally ask how much has been gambled on this website so far and how much profit mintdice made so far out of that and we have the right to ask that, doesn't mean they can't just decline it.

I agree with you on this. I see no obligation for the casino to share this info. This info is their logistic which they use internally to assess how their business progresses and since this does not affect the players then I see no advantage for the casino to publicise this other than them wanting to do so

sana54210

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Quote from: tvplus006 on September 28, 2019, 04:09:13 PM

Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

I doubt that is really something that should be shared with the public, I mean they can if they want to but that is not a data information that they should be forced to give up. If you wanted house edge then sure, if you wanted odds sure, if you wanted anything related to you gambling here then you should definitely get it.

But, the question of "how many slot players return after gambling" is not really something that affects the way you gamble, maybe psychologically it does affect it but it doesn't affect the real outcome of your gambling so I think if they want to hide that information they should.

We could literally ask how much has been gambled on this website so far and how much profit mintdice made so far out of that and we have the right to ask that, doesn't mean they can't just decline it.

tvplus006

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Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

...But then again, all you can do is believe me or not

I have no reason not to believe you. But I’m interested to know what percentage of the slot return to the player? I believe that these figures should be accessible to everyone.

redsun114

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Quote from: Haunebu on September 28, 2019, 01:43:43 AM

Quote from: mu_enrico on September 26, 2019, 08:56:54 AM

Depends, is it real human or bots, from targeted links or not, paid or organic? These are what I mean by "traffic is not a useful metric for measuring the casino's performance."

I disagree. Traffic is everything and it is what most people check out to observe whether a particular site is doing well or not. The first thing that any customer would check while researching a site is traffic (Alexa ranking, Chat room players etc).

The traffic can be natural or artificial, but the numbers are what matter at the end of the day. Mintdice is doing really well in this area and are improving in a short span of time making them a competitive site in the crypto gambling realm.

Traffic is important but also interaction is quite important as well. Just to give an example from a very very obvious website. Let's say you go to a youtube video, the video is watched like 100 million times (doubtful with just bots but giving an obscene example) and there are just 100 comments and few likes, wouldn't you think that video was manufacturedly that high on viewer count? You probably would, and you wouldn't subscribe to their channel.

Now of course, there are good ways to use bots, for example if you are too down the list and getting some bots would mean it would take you higher on the list and you would get more viewers who think you are good thanks to it and you would need less and less bots but in the end it is not a long term solution.

Haunebu

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Quote from: mu_enrico on September 26, 2019, 08:56:54 AM

Depends, is it real human or bots, from targeted links or not, paid or organic? These are what I mean by "traffic is not a useful metric for measuring the casino's performance."

I disagree. Traffic is everything and it is what most people check out to observe whether a particular site is doing well or not. The first thing that any customer would check while researching a site is traffic (Alexa ranking, Chat room players etc).

The traffic can be natural or artificial, but the numbers are what matter at the end of the day. Mintdice is doing really well in this area and are improving in a short span of time making them a competitive site in the crypto gambling realm.

mu_enrico

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Quote from: MintDiceSara on September 27, 2019, 06:13:08 PM

All I can tell you is that we have never artificially inflated traffic or numbers on our website ever.
But then again, all you can do is believe me or not

Of course you didn't do that stuff

I, as one of the community member here, not only want to "help" MintDice in promotion but also want to give useful feedback if I found one.

So, keep doing the "continuous improvement" with the feedback of the community in this building process.

Quote from: Upgrade00 on September 26, 2019, 10:16:24 AM

Mintdice team seem to also be working hard on improving the customer experience while also handling the marketing aspect.

Yep, don't get me wrong mate, marketing is essential for new businesses.

The signature campaign is one of the best choices Grin

Seriously, it's like hiring content creator, reviewer, tester, and perhaps advisor at the same time.

MintDiceSara

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Quote from: mu_enrico on September 26, 2019, 03:34:22 AM

Nice response @MintDiceSara,

Anyway, about the traffic. How can we sure sites that have high traffic and high betting activities, didn't use internal bots? In my opinion, traffic is not a useful metric for measuring the casino's performance. Only the casino's management knows the bottom line (P&L).

From what I see, MintDice has chosen the correct organic strategy up to this point. Keep building good stuff guys, but do it quickly before you lose the momentum.

All I can tell you is that we have never artificially inflated traffic or numbers on our website ever.
But then again, all you can do is believe me or not

Upgrade00

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Quote from: mu_enrico on September 26, 2019, 08:56:54 AM

But in my experience, I'd rather disable the analytics (faster load time), keep building, and focus on the customer's experience. Guess what? I'm a much happier person right now. But each entrepreneur has a different approach regarding this, so it's fine as long as it's profitable.

Mintdice team seem to also be working hard on improving the customer experience while also handling the marketing aspect.
Disabling the analytics is possible, but I doubt the possibility of it being faked would chase potential visitors, so there's really no harm done.
It's just similar to trading, some investors would go with the trending currencies while others would do fundamental analysis and go for the one with the most potential.

mu_enrico

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Quote from: efialtis on September 26, 2019, 07:55:45 AM

The traffic is of course a metric for any casino, no traffic, no customers, no turnover, no revenue, right?

Depends, is it real human or bots, from targeted links or not, paid or organic? These are what I mean by "traffic is not a useful metric for measuring the casino's performance."

Buying traffic, using chatbots, and spamming here and there, is easy my friend. With your logic, then anyone can boost sales by simply... buying traffics.

However, only management can have access to meaningful data, e.g., real traffic, demography, bounce rate, average time spent, etc., and use it as one of the metrics for decision making. In term of low activity, it can be used as a reality check, why my shop was so empty? What did I do wrong?

But in my experience, I'd rather disable the analytics (faster load time), keep building, and focus on the customer's experience. Guess what? I'm a much happier person right now. But each entrepreneur has a different approach regarding this, so it's fine as long as it's profitable.

*sorry for slightly off-topic post guys. Not that I tried to defend MintDice, but I cannot stand inaccurate logics.

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Quote from: mu_enrico on September 26, 2019, 03:34:22 AM

Nice response @MintDiceSara,

Anyway, about the traffic. How can we sure sites that have high traffic and high betting activities, didn't use internal bots? In my opinion, traffic is not a useful metric for measuring the casino's performance. Only the casino's management knows the bottom line (P&L).

From what I see, MintDice has chosen the correct organic strategy up to this point. Keep building good stuff guys, but do it quickly before you lose the momentum.

You can never be "sure" but other than that, the beginning of your post does not even make sense. The traffic is of course a metric for any casino, no traffic, no customers, no turnover, no revenue, right?

Generally speaking though - and I have been in this business for many years now - the MintDice project is really looking promising and not just like another 0815 online casino, which is great. I also like their "kinda arrogant" attitude in the infograph, hehe, very refreshing.

mu_enrico

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Nice response @MintDiceSara,

Anyway, about the traffic. How can we sure sites that have high traffic and high betting activities, didn't use internal bots? In my opinion, traffic is not a useful metric for measuring the casino's performance. Only the casino's management knows the bottom line (P&L).

From what I see, MintDice has chosen the correct organic strategy up to this point. Keep building good stuff guys, but do it quickly before you lose the momentum.

MintDiceSara

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Quote from: panjul07 on September 25, 2019, 02:42:08 AM

I checks your site regularly to see the improvement you make especially about the traffic. As I can see there is still so low number of users playing on your site although you are having signature campaign for several weeks already. No offenses to the campaign but don't you realize that campaign alone is not enough to attract people to play on your site?
I do believe that you should make promotions to compete with other sites where most other sites offers regular promotions to their players. It will be very unfortunate if you have so low numbers of active players while you are having good payment campaign. You can start with small contest but don't make something similar to your rocket promotion that seems to be failed.
AFAIK you have a good bankroll compared to other brand new sites, you have various games as well, so it should be used wisely to promote your site effectively.

Of course we know that a campaign alone is not going to attract enough people. That's why we are working hard especially on improving our site and fixing bugs, but also on developing the mobile versions of our existing games and building brand new games. We want to have an even more solid product before investing an increased amount of our efforts and funds in drawing in more people. For now we are mostly (but not exclusively) improving, improving, improving and building.

To summarize, more exiting stuff is to come in every possible way. Step by step Wink

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I checks your site regularly to see the improvement you make especially about the traffic. As I can see there is still so low number of users playing on your site although you are having signature campaign for several weeks already. No offenses to the campaign but don't you realize that campaign alone is not enough to attract people to play on your site?
I do believe that you should make promotions to compete with other sites where most other sites offers regular promotions to their players. It will be very unfortunate if you have so low numbers of active players while you are having good payment campaign. You can start with small contest but don't make something similar to your rocket promotion that seems to be failed.
AFAIK you have a good bankroll compared to other brand new sites, you have various games as well, so it should be used wisely to promote your site effectively.

Upgrade00

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Quote from: theskillzdatklls on September 25, 2019, 02:03:53 AM

And we can always optimize further given more time.

The ability to adjust with changing circumstances is what most subscribers are looking for.
I don't usually check how much time it takes my withdrawal or deposits to reflect and only check on it much later. But others may be quite different and may need it at specific times.
I wouldn't mind the withdrawal fees being lowered marginally though.

theskillzdatklls

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Quote from: Scheede on September 24, 2019, 02:19:09 PM

Quote from: theskillzdatklls on September 24, 2019, 02:11:47 PM

Quote from: Scheede on September 23, 2019, 04:59:39 AM

Quote from: theskillzdatklls on September 21, 2019, 03:40:38 PM

Quote from: Scheede on September 21, 2019, 03:50:12 AM

May you guys drop some feedback according withdrawal-time?

I would like to throw my only concern with Mintdice (so far) into the ring to:

Withdrawal fees between 0.0002 BTC (as the lowest) and 0.0004 BTC (as the fastest) are not a hell of costs, but considering BTC will rise to 100,000$ one day we are speaking about $20, $32 and $40 as of now Cheesy

Just joking, but considering the real transaction-costs, even while chosing the slowest options on the BTC-chain, I would be happy to see a lower fee than 0.0002 BTC/transaction and would imagine more "smaller stake-users" would join and try your service and possibly convert to long-term-users.

e.g. somebody that wants to try it with $20 might avoid doing so as long as the w/d-fee is 10% of that.

The withdrawal fees we use are set to a protocol which are theoretically supposed to adjust automatically but in practice do not adjust often. One would hope that if the price of Bitcoin were to 10x that they would adjust downwards in price automatically. If they don't, we would just have to do something manually. If things continue working smoothly, we may drop withdrawal fees some more but we do not consider this a big issue any more as more than enough people have said that it is fine for the time being. Our intention is not to make money off of withdrawal fees (and we do not).

Sure thing one will expect the withdrawal-fees to be adjusted,either automatically or manually whenever BTC-price will change by, let´s say, 20% in either direction.

Anyway the status quo is that the default withdrawal-fees are set much higher than neccessary to cover the real tx-fees (correct me if I am wrong).

Initially we set withdrawal fees to cover the incoming and outgoing transaction costs. Now we only are charging for outgoing costs (why we have lowered the fees a lot).

May you elaborate the "fees for incoming transactions"? And outgoing transactions to create transaction-costs, but way lower than 0.0002 BTC/transaction - right?

Everybody can introduce the own house-rules, of course, just saying, in a highly frequented space (like exchanges or dice-games) small aspects like those can be the tip the scales for (potential clients) - don´t get me wrong, Mintdice is not the "HitBTC amongst the exchanges", but those are a "good example" for "how outrageous withdrawal-fees can destroy your market-position".

We've lowered fees substantially and may very well lower them again later on but are leaving it as is for now.

As far as incoming deposit fees go, this applies to nearly any service provider. You have a dedicated crypto wallet unique to your account, this is how you get credited. However, once you deposit those funds those funds must then be forwarded to cold storage or other such service wallets to make your funds actually secure or useful to the website or other. It is for this reason that websites typically have minimum deposits because if deposits were too low you could end up with funds stuck or just lose money on the deposit in the first place relative to what the website would make on it later.

Currently, we forward incoming deposits at extremely low fees now though because we don't really care if they arrive days later as that doesn't really impact our operations. So that is one way we are helping to mitigate TX costs which then creates savings that we can pass on to you guys to help meet the demand for lowered fees.

And we can always optimize further given more time.

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Quote from: theskillzdatklls on September 24, 2019, 02:11:47 PM

Quote from: Scheede on September 23, 2019, 04:59:39 AM

Quote from: theskillzdatklls on September 21, 2019, 03:40:38 PM

Quote from: Scheede on September 21, 2019, 03:50:12 AM

May you guys drop some feedback according withdrawal-time?

I would like to throw my only concern with Mintdice (so far) into the ring to:

Withdrawal fees between 0.0002 BTC (as the lowest) and 0.0004 BTC (as the fastest) are not a hell of costs, but considering BTC will rise to 100,000$ one day we are speaking about $20, $32 and $40 as of now Cheesy

Just joking, but considering the real transaction-costs, even while chosing the slowest options on the BTC-chain, I would be happy to see a lower fee than 0.0002 BTC/transaction and would imagine more "smaller stake-users" would join and try your service and possibly convert to long-term-users.

e.g. somebody that wants to try it with $20 might avoid doing so as long as the w/d-fee is 10% of that.

The withdrawal fees we use are set to a protocol which are theoretically supposed to adjust automatically but in practice do not adjust often. One would hope that if the price of Bitcoin were to 10x that they would adjust downwards in price automatically. If they don't, we would just have to do something manually. If things continue working smoothly, we may drop withdrawal fees some more but we do not consider this a big issue any more as more than enough people have said that it is fine for the time being. Our intention is not to make money off of withdrawal fees (and we do not).

Sure thing one will expect the withdrawal-fees to be adjusted,either automatically or manually whenever BTC-price will change by, let´s say, 20% in either direction.

Anyway the status quo is that the default withdrawal-fees are set much higher than neccessary to cover the real tx-fees (correct me if I am wrong).

Initially we set withdrawal fees to cover the incoming and outgoing transaction costs. Now we only are charging for outgoing costs (why we have lowered the fees a lot).

May you elaborate the "fees for incoming transactions"? And outgoing transactions to create transaction-costs, but way lower than 0.0002 BTC/transaction - right?

Everybody can introduce the own house-rules, of course, just saying, in a highly frequented space (like exchanges or dice-games) small aspects like those can be the tip the scales for (potential clients) - don´t get me wrong, Mintdice is not the "HitBTC amongst the exchanges", but those are a "good example" for "how outrageous withdrawal-fees can destroy your market-position".

theskillzdatklls

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Quote from: Scheede on September 23, 2019, 04:59:39 AM

Quote from: theskillzdatklls on September 21, 2019, 03:40:38 PM

Quote from: Scheede on September 21, 2019, 03:50:12 AM

May you guys drop some feedback according withdrawal-time?

I would like to throw my only concern with Mintdice (so far) into the ring to:

Withdrawal fees between 0.0002 BTC (as the lowest) and 0.0004 BTC (as the fastest) are not a hell of costs, but considering BTC will rise to 100,000$ one day we are speaking about $20, $32 and $40 as of now Cheesy

Just joking, but considering the real transaction-costs, even while chosing the slowest options on the BTC-chain, I would be happy to see a lower fee than 0.0002 BTC/transaction and would imagine more "smaller stake-users" would join and try your service and possibly convert to long-term-users.

e.g. somebody that wants to try it with $20 might avoid doing so as long as the w/d-fee is 10% of that.

The withdrawal fees we use are set to a protocol which are theoretically supposed to adjust automatically but in practice do not adjust often. One would hope that if the price of Bitcoin were to 10x that they would adjust downwards in price automatically. If they don't, we would just have to do something manually. If things continue working smoothly, we may drop withdrawal fees some more but we do not consider this a big issue any more as more than enough people have said that it is fine for the time being. Our intention is not to make money off of withdrawal fees (and we do not).

Sure thing one will expect the withdrawal-fees to be adjusted,either automatically or manually whenever BTC-price will change by, let´s say, 20% in either direction.

Anyway the status quo is that the default withdrawal-fees are set much higher than neccessary to cover the real tx-fees (correct me if I am wrong).

Initially we set withdrawal fees to cover the incoming and outgoing transaction costs. Now we only are charging for outgoing costs (why we have lowered the fees a lot).

Quote from: Chrystora123 on September 24, 2019, 10:15:53 AM

Quote from: janggernaut on September 24, 2019, 09:31:03 AM

Quote from: BTCevo on September 24, 2019, 08:32:22 AM

This is indeed a great way to promote the site,not just because you are wearing their signature but this site as I can say is pretty good for the new site. I would like to reccomend it my friends actually but I found out that there is something happens when I tried through mobile. Click on the site and start to browse thing inside and suddenly the it does not loading well. It happens a few times but I hope that the game does not happens when I make a rolling there

how can you say this is a pretty good website when you haven't even tried their games? You said you have a problem while click their site and hope it will not affected the games, that means you didn't ever tried the games. Check your connection maybe? There is none people complained about that

That's right, maybe the problem is the internet connection. critics and suggestions are needed by a platform to grow better day by day, but it's good if the criticism or suggestion is based on your experience.

in my experience, last month MINTDICE ran slowly in my browser, but now the problem is quickly resolved by the MINTDICE team. so for now, there aren't any obstacles or problems on the MINTDICE site.

The gaming engine and mobile compatibility are separate issues. Mobile compatibility is being worked on very diligently. Gaming engine performance will be worked on as well later on. One of our objectives was to provide high quality provably fair games since few exist (but some definitely do exist, Stake does a pretty good job). Most games seem to be high quality and not provably fair or low quality and provably fair. We're trying to bridge that gap and also offer more services on top of this (bankroll investment and skill gaming most notably).

The drawback is that providing high quality games built from scratch is easier said than done. It requires a lot of extra work including extremely high quality gaming engines which we intend to optimize soon enough once there's time.

Topic: MintDice Bitcoin Casino - SportsBook & Provably Fair Games - page 34. (Read 35119 times)