We are lifting the faucet restrictions we placed, you can now claim as many times as you'd like a day! We are looking at smarter solutions to combat abuse.
Good. Then we all agree that faucet limits are a rather brute force solution, I'm glad you lift it for the principle of it. But if abuses come back to a too high level, I bet you could also seize the whole account and profit of those who abused it.
A much simpler solution would be to forbid double account, without an account to tip, it gets much harder to farm the faucet IMHO
Agreed, ideally we'd like to crush this issue so we can increase the reward for legitimate users. We wouldn't restrict access to one account due to many of our users having secondary accounts such as "bank" accounts to manage funds.
How to crush faucet abuse in 3 easy steps:
Step 1: Remove faucet
Step 2: Ignore people complaining about there being no more faucet.
Step 3: Lose tons of wagered volume and players, but see no real difference in profits (maybe possibly even increase in profits).
People that play only on the faucet, even those just playing for fun and not trying to farm it, need to realize that there's a cost accompanied to processing and storing each bet (server,internet,db +storage space,etc costs). Even if you claim the faucet only 5 times a day and make a few 100 bets for each claim, you're costing PD money to play it. PDs losses because of faucet isn't just the occasional farmer that gets it to a point where he can withdraw, it's much much more. Many sites have minimum bets far above 1 Satoshi because it's more expensive to process and store a 1 satoshi bet than the site theoretically makes from the 1% edge on that bet. Now add to that the fact that the money the 1 sat bet is made with is PDs in the first place and the site makes NO money from that bet, win or lose, and the cost just compounds. Faucets are a much bigger expenses for casinos than most people realize. You're not entitled to a faucet The site's doing you a favour, at their expense.
I'm certain PD can take the money they spend on faucets and processing/storing those bets and allocate them to more useful things, like rewarding 3rd party developers (especially HUI and nahtnam), having more giveaways and competitions and possibly even paying some of their mods for their hard work.
But that's just my not so humble and probably extremely unpopular opinion, besides, what do I know of running a casino?
Also, ETA on chat API documentation?
Seuntjie, all good points.
But im guessing they arent willing to give up their userbase and numbers do matter if they can constantly show largest total wagered volume.
Im siding with you they have been too generous allowing 0 wager bets + the exceptionally large faucet. They should reduce faucet or raise min. wager.
edit : im still amazed people mistake PD for faucet site
This shows that PrimeDice wagered volume is fake (or at least misleading) and they are not as popular or as profitable as they would have you believe.
As I've been saying for about a year and what other site operators have messaged me pointing out.
The wagered volume stat is basically them playing themselves by giving free money out to players to boost wagered volume which Primedice wins back anyway. This artificially inflates their wagered stats on sites like dicesites.com to make it seem they are the leading site by a huge margin when it's evident they are not.
So while they may have 700 players in the chat compared to competing sites 30-50, their wagered volume is only really 25% more than the competing sites. This shows that their site is mostly made up of faucet players and chatters rather than real gamblers.
This is an extremely misguided argument given that you have absolutely no idea how much the faucet pays out a day and how much of that is actually wagered. The faucet keeps the site extremely active which makes highrollers more inclined to bet, actual faucet betting does not account for significant amount of our wagered and the faucet isn't paying out massive amounts a day either. We lifted the limit because we found that it was negatively impacting long time legitimate users not just abusers.
Primedice does more wagered than any of the other dice sites because of the strength of the brand, trust and platform. I know for a fact that your claims are completely wrong given our profits the past month/week/year despite faucet. Affiliate has been paying out more than faucet on a weekly basis.
The past 24h 0.3 coins were claimed from the faucet, and Primedice earned 44 coins in profit. This week we had 2-3 days of low volume which recovered prior to lifting the restrictions. The restriction was hardly restrictive anyways (50 claims a day). Doing this small giveaway allows us to stay competitive against investment websites, If we allowed investments I'm confident we'd do significantly more volume.
Also your claims come off as very hypocritical given these giveaways you've done:
https://bitcointalksearch.org/topic/betkingio-pi-competition-up-to-3-bitcoin-prize-for-all-players-1465356Further, if we are debating dicing volume is it fair that you include the volume from your slot games/other casino games. To me that seems slightly misleading when you look at dicesites (which you mentioned), not that I even remotely care though. Our goal has never been to be loud and make a lot of waves, just to operate a fair and entertaining service.
Finally, if anything our volume is artificially low given that we restrict US,UK,Aus players and are blocked by the Russian firewall among others.
