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Topic: Quantum Dice - Now Featured on MoneyPot | variable HOUSE EDGE as LOW as 0.01% - page 3. (Read 10821 times)

legendary
Activity: 910
Merit: 1000
Congrats to Rmcdermott927 and ndnhc for winning the autction, and good luck to QuantumDice9 for your upcoming medical internship program. Smiley
newbie
Activity: 56
Merit: 0
.. ndnhc from dadice.

LOL, srsly, this has nothing to do with Da Dice. I don't own/control/anything like that DD either. Tongue

I agreed around 20% share with him, so that I can just know and observe the technical aspects of it.

Congrats ndnhc for have your first dice site as you was the campaign manager of DaDice so that thing made him confused you are part of this site, i wish you luck for this and i hope you will bring some interesting contest for this to get attention for players.

Sorry, a little bit confused from our conversations. Anyway congrats, hope it works out for you. I'm going to be on a long period of inactivity starting next week.
legendary
Activity: 1050
Merit: 1000
.. ndnhc from dadice.

LOL, srsly, this has nothing to do with Da Dice. I don't own/control/anything like that DD either. Tongue

I agreed around 20% share with him, so that I can just know and observe the technical aspects of it.

Congrats ndnhc for have your first dice site as you was the campaign manager of DaDice so that thing made him confused you are part of this site, i wish you luck for this and i hope you will bring some interesting contest for this to get attention for players.
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
.. ndnhc from dadice.

LOL, srsly, this has nothing to do with Da Dice. I don't own/control/anything like that DD either. Tongue

I agreed around 20% share with him, so that I can just know and observe the technical aspects of it.

Edit: His share is 80%. He makes all the decisions. Am the silent partner.  Cool
newbie
Activity: 56
Merit: 0
Welcome the new owners of Quantum Dice, Rmcdermott927 from plinkopot and ndnhc  Wink
newbie
Activity: 56
Merit: 0
The decision to do this is not just a matter of finance and budget but is mainly due to personal reasons. I am starting my medical internship program soon and the hours are really long. Realistically speaking, I won't have any time left to spend on the site. Hence the decision


If it is not just a matter of finance and if I was you, I would prefer to pay my friend to run the site and simply split the profit instead of selling the site. But of course you have your own decision, wish the best luck of your medical program and hope the new owner will come soon and grow this site as well as you grow this site from zero.


Thanks. I hope so too. I've tried what you suggested before this but the people in my friends network just wasn't up for the job or wasn't interested. Kinda tough as this entire field is not my niche(I'm from a totally different major/line of work)
legendary
Activity: 3500
Merit: 1354
The decision to do this is not just a matter of finance and budget but is mainly due to personal reasons. I am starting my medical internship program soon and the hours are really long. Realistically speaking, I won't have any time left to spend on the site. Hence the decision


If it is not just a matter of finance and if I was you, I would prefer to pay my friend to run the site and simply split the profit instead of selling the site. But of course you have your own decision, wish the best luck of your medical program and hope the new owner will come soon and grow this site as well as you grow this site from zero.
newbie
Activity: 56
Merit: 0
Bump. So far, only Rob from plinkopot has made an offer.
newbie
Activity: 56
Merit: 0
The decision to do this is not just a matter of finance and budget but is mainly due to personal reasons. I am starting my medical internship program soon and the hours are really long. Realistically speaking, I won't have any time left to spend on the site. Hence the decision

Edit: Michael23, so sorry to do this. You're definitely one of the most loyal users so far. But rest assured, I'll make sure  to assist the new owner to the best of my ability during the transition period. I hope Quantum Dice will continue to grow
legendary
Activity: 2562
Merit: 1414
This. I love this dice site, and it is my most favorite one. I am actually sad that you want to sell it, but I hope that new owner will continue in developing the site.

Btw, if someone gets a 1 BTC loss, how much will you get from it?

As far as I know dev of moneypot profit is not based on win or lose, it is calculated from players wagered no matter its a win or lose. And dev will get 1%*house edge for total wagered from their apps.

Not exactly correct if someone wager 1BTC the commission for the apps is different according to the risk that the investor will take. The current bankroll is quite small currently therefore 1BTC is around 1/3 of the current max win and if someone wagering 1 BTC that would be alot for now.

It depends on the risk investor take because if someone wagering 1BTC at 1.02 multiplier (around 97-98 % ) to win then investor is risking the inverse which is 2 % to win so the investor is taking a huge risk rather than if someone wager 1BTC at 49.5 multiplier. Therefore the commission will be alot lower if someone wager at the former rather than the later and moneypot collect 50 % of what is paid for the apps

P.S : this is my understanding of how it works, I could be wrong on this
full member
Activity: 560
Merit: 100
This. I love this dice site, and it is my most favorite one. I am actually sad that you want to sell it, but I hope that new owner will continue in developing the site.

Btw, if someone gets a 1 BTC loss, how much will you get from it?

As far as I know dev of moneypot profit is not based on win or lose, it is calculated from players wagered no matter its a win or lose. And dev will get 1%*house edge for total wagered from their apps.
hero member
Activity: 504
Merit: 500
With a heavy heart, I have decided to put Quantum Dice up for sale due to personal commitments.

This is to ensure that Quantum Dice gets the proper attention and development it deserves.

Players need not worry and be assured that the new owner will be given all the help required to set it up and ensure that day to day operations run smoothly.

Any interested buyer can check out the auction thread at https://bitcointalksearch.org/topic/quantum-dice-featured-on-moneypot-06-btc-in-profit-1148068 for more details.

The site will still be running as usual and no delays or downtime is expected yet. Further news will be given when they arrive.

I just noticed this post, sad to hear this. I was thinking that quantum dice had potential to grow bigger. Your dice is one of my favorite. Hopefully new owner will make this site more better and you will find another good project for you to run in the future.

This. I love this dice site, and it is my most favorite one. I am actually sad that you want to sell it, but I hope that new owner will continue in developing the site.

Btw, if someone gets a 1 BTC loss, how much will you get from it?
legendary
Activity: 896
Merit: 1000
I am not too familiar with Moneypot, so I would like to know how many % of the site wagered can you get as the site owner? As I understand, you site has a variable edge of 0.01% - 1%, but then Moneypot and its bankroll investors are taking the most of it, right?

EDIT: Found the answer on your auction thread.
full member
Activity: 560
Merit: 100
With a heavy heart, I have decided to put Quantum Dice up for sale due to personal commitments.

This is to ensure that Quantum Dice gets the proper attention and development it deserves.

Players need not worry and be assured that the new owner will be given all the help required to set it up and ensure that day to day operations run smoothly.

Any interested buyer can check out the auction thread at https://bitcointalksearch.org/topic/quantum-dice-featured-on-moneypot-06-btc-in-profit-1148068 for more details.

The site will still be running as usual and no delays or downtime is expected yet. Further news will be given when they arrive.

I just noticed this post, sad to hear this. I was thinking that quantum dice had potential to grow bigger. Your dice is one of my favorite. Hopefully new owner will make this site more better and you will find another good project for you to run in the future.
legendary
Activity: 3500
Merit: 1354
-snip-

New site will always hard to attract real players although there are some promotions, most players will stay in the old sites that they have been already used. But IMHO its even better than no promotions/contest at all. Smiley


Sad truth it is correct, it is better to have promotions to get the site more exposure but this wont be the case for quantum dice because they have claimed that they wont be able to afford more expenses for the site or time to manage it (references below) so there will only be two options for now.

Either sell the site so that someone could make it better or let the site run as it is without any update and improvement and just hope for the best that someone might stumble and play in the site. The former would be a better choice rather than running the site as it is

You're right there are only two options :
[1] Sell the site. But it will hard to find serious buyer, since this is a new site. Serious buyer will always prefer to buy an old gambling site that has more regular players and good feedback.
[2] Let the site run. This will be the last option when there is no one want to buy this site.

Adding one more option : Shutting the site down Smiley


legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
you just need make gambler to come here.

The hard thing would be getting people to play at the site. I do know this is the hardest part of all because most people tend to hold on to the favourite site despite that the new site offer something new and sad thing is that they will still be doing so despite a new site throw in a   0% edge to the game

Every new dice site around here live under the shadow of those older dice sites that monopolize the BTC gambler market and thus this means unless someone puts an extra effort in marketing the sites then no one will actually come to play . Plus that the owner has stated he wont have enough time to do so , therefore his decision is a good one rather than risking more without any result at all

Its the right thing to do. The way things are right now, I don't have the time nor budget to effectively help this site grow. I do hope someone with enough time and resources take over this site and help it grow.

Having really mixed feeling about this, feeling a little bit sad about this decision but at the same time happy that someone might potentially manage this site better than I did and ever will.

Hi

There is no compulsion nor requirement for you to spend funds that you are not willing to lose. Though it seems that promotions will get players to the dice site, it may however be temporary. That said, if you have the funds and are willing to risk it, it is fine that you do that, but otherwise I'd advise you not to. Smiley

Almost every other site are running their own promotions, so any ones you get doing the promos may not be solely playing on the site. And highrollers would care more about edges and stuff than promos.

If you have the skill to develop and improve a site, with unique features, and a good support to players it will grow, whether or not you spend money on that. Only thing is, you got to be patient, and work for it. Smiley

If you don't have the time to maintain the site, probably get someone else to do it. But make sure there is something in it for you. Wink

Cheers Smiley
ndnhc
legendary
Activity: 2562
Merit: 1414
-snip-

New site will always hard to attract real players although there are some promotions, most players will stay in the old sites that they have been already used. But IMHO its even better than no promotions/contest at all. Smiley


Sad truth it is correct, it is better to have promotions to get the site more exposure but this wont be the case for quantum dice because they have claimed that they wont be able to afford more expenses for the site or time to manage it (references below) so there will only be two options for now.

Either sell the site so that someone could make it better or let the site run as it is without any update and improvement and just hope for the best that someone might stumble and play in the site. The former would be a better choice rather than running the site as it is

References :

I don't have the time nor budget to effectively help this site grow.
legendary
Activity: 3500
Merit: 1354
-snip-

yea that's true because the owner won't to make any promotions or contest or what to make people come there   Lips sealed

Promotions or contest are usually EV+ for players which means it will be an expenses for the house thus this of course will generate player when there is an ongoing promotion but the real issue would be that those players will / will not be staying at the house when there is not one.
Sad truth indeed but making a promotions or contest will not guarantee if the players will stay to play after it is over but only it will guarantee more expenses so I would stay this is a correct decision to be taken rather than losing more expenses  Wink

New site will always hard to attract real players although there are some promotions, most players will stay in the old sites that they have been already used. But IMHO its even better than no promotions/contest at all. Smiley

hero member
Activity: 504
Merit: 500
-snip-

yea that's true because the owner won't to make any promotions or contest or what to make people come there   Lips sealed

Promotions or contest are usually EV+ for players which means it will be an expenses for the house thus this of course will generate player when there is an ongoing promotion but the real issue would be that those players will / will not be staying at the house when there is not one.
Sad truth indeed but making a promotions or contest will not guarantee if the players will stay to play after it is over but only it will guarantee more expenses so I would stay this is a correct decision to be taken rather than losing more expenses  Wink

Yes, so it is better to make promotions like free 0.001 BTC for first 100 people. Stunna is doing this already ( probably for fun ) and it is always full in a day or two.
legendary
Activity: 2562
Merit: 1414
-snip-

yea that's true because the owner won't to make any promotions or contest or what to make people come there   Lips sealed

Promotions or contest are usually EV+ for players which means it will be an expenses for the house thus this of course will generate player when there is an ongoing promotion but the real issue would be that those players will / will not be staying at the house when there is not one.
Sad truth indeed but making a promotions or contest will not guarantee if the players will stay to play after it is over but only it will guarantee more expenses so I would stay this is a correct decision to be taken rather than losing more expenses  Wink
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