Topic: Quantum Dice - Featured on MoneyPot | 0.6 BTC in profit (Read 1578 times)

Requesting for moderators for this thread to be locked. I don't see any lock button around. Sorry(newbie here)

You must lock this thread when auction is go closed.

Auction closed.

An agreement have been reached between ndnhc and Rmcdermott927. They are now the proud new owners of Quantum Dice

Update: 1.1 BTC bid placed by ndnhc. Thanks for the support. Any other bidders?

1.1BTC

Motive is not to make any profit or anything. Just want to know how things work, and get some first hand experience.

Update: Highest bid so far is 1.0 btc by Rmcdermott927. Any other bidders?

 To be honest , to run the site without any changes to do site , you only need to know how to renew the domain/hosting + have a moneypot account . Thats it owning a moneypot website is the easiest way to own a dice website

 Also qdice already had a bunch of promotions so you are one step ahead of most people if you buy. You have the branding and marketing ready and all coding done website all ready if you buy it rather then starting a new one.

If you don't need to make any modifications or add features to the site, then no, no technical requirements necessary. If you wish to do those, then you need some basic HTML and JS knowledge.

Do I need to have any technical knowledge to run it?

I'm running it at $0 upkeep/month.

Free hosting without server functionality(not necessary unless you want to keep a database or make an API).
Free cloudflare account.
Domain name registration to be renewed yearly.

You can continue running it the way I'm running it or you can consider changing things to suit your needs.

What are the running costs ?

bump, any other bids?

Update: Opening bid of 1.0 BTC placed by Rmcdermott927

Thanks for the bid

Put me in for 1 BTC 

Also, I'm extending the auction time(due to poor response) to 15th August 0000 hours +8 GMT. Take note

Replied to you on Slack. I'll just post it here as well for the benefit of the other readers.

From memory, I remember withdrawing close to 0.12 BTC out to USD. I also remember gambling with close to 0.4 - 0.5 btc of the profits.

From calculation, if you look at the stats on https://www.moneypot.com/apps/85-qdicenet-quantum-dice under the Expected Profit    row, it shows a percentage of 0.73% at the side. This is the average house edge for each bet(Quantum Dice has a variable edge). Total wagered amount is 140,458,409 bits

Hence, based on the information given, the formula for the profit would be (140,458,409 bits * 0.73%)/2 = 512,673 bits = 0.5BTC

This is of course an approximate as I'm not sure of the exact amount I have withdrawn from the app(The history only shows so far back and I never kept a ledger ><). If I do find a way to look at all app withdrawals I made, I'll be sure to post the exact figure up for your reference.

Also, the reason I'm selling is because I no longer have the time to support, develop and promote the site due to personal commitments.
Just leaving the site to run without any form of promotion or community interaction yet expect it to make profit is unrealistic.

 My miscalculation guys. 500k bits is 0.5 btc. So it is very normal for him to be able to make 0.5-0.6

 Well that is more then even ryan himself think you would be making so I think you should keep something that makes 0.6 btc in a month rather then sell it and keep making money. Maybe you won't make 0.6 in a month again but you could make 1 btc back in 3-4 months which is way better then selling it.

The reason for the sale is because I no longer have the time to work on the site and promote it due to my commitments. Hence, I'd prefer a one off deal as I won't be able to provide much support if I rent the site out.



To clarify, the 0.5 - 0.6 BTC profit is purely commissions(I had quite a few players playing really big and getting huge profits before losing and chasing back and many other regular players which play small).

But to be realistic, you can't just expect to host it and do nothing yet expect such a profit. If you've followed my site, you'll realize that I'm only promoting/advertising the site on the Gambling section of the forum with very minimal(or none at all) promotions and ads going on. The site is featured on MoneyPot as well, so thats a plus point(I think that probably helped drive a certain number of my players to the site)

If you put in the effort and budget to really promote the site, I think you'll do well enough.

p/s: to understand how MoneyPot investors earn, how much MoneyPot take and how much MoneyPot pays app developers, please read their FAQ. But as mentioned before, app devs get paid regardless of how gamblers are doing(winning or losing). A rough approximate of the commission paid for each bet would be (House Edge/2) * Wager Size.


I sent a reply. Do hope to hear some good news from you soon.

 In the link it shows how much the website made in total , not the app owner . That 0.6 is investors+ryan+quantumdice in total.

 I might be wrong but I believe it is like that , quantum can answer it himself.