Topic: 🔥Sportbook and Casino: BITSLER > $12,500 Daily Wagering contest < - page 197. (Read 321750 times)

Agreed, transaction confirmation is very low even with high priority fee (high priority = high fee = quick confirmation time). Bitsler pays normal fee, for me that's good but there are many people who don't likes it. I think withdraw fee system needs to be changed, transactions are really huge bytes as actmyname mentioned. I think bitsler has to give users ability to choose satoshi/byte fee. After that there won't be dissatisfied players.

I'm sure that you didn't actually take a look at the 21.co site because its recommended fee is always the lowest one marked in green (the 0-1 estimated block fees).

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Let's also note that for casinos to deal with multiple inputs, it jacks up the size of the transaction to ridiculously high levels if a user is withdrawing.

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Here's an example of a withdrawal that I requested from Stake: 2f1459fcc40cb6af51a5382a1f4847a1bbf7d8390dd4ffd3ef82b0ab1379ec2d

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This transaction has a size of 1847 bytes which is ridiculously high. Even with the 2.781 mBTC fee that they used it's still 150 sat/byte which is a low fee. If you wanted to get the transaction as quickly as possible (according to bitcoinfees) it would require a fee of 0.00777587 which I don't think anyone is comfortable with unless the withdrawal is >8 BTC.

If you make it custom people can make typos and pay way too much. The fees now mostly will fit fine.

Hi there. And welcome to bitsler. I was once a new player there and what made me a regular visitor is the craziness of the people(in a good way), the never ending excitement of promotions they run.

Hope you enjoy the site as much as most of us do. And Good Luck..

Hail Bitsler  ;

Those are just a guide lines what is happening in blockchain and while choosing fee you also should look at how many unconfirmed transactions in the blockchain. If you see a lot of unconfirmed transaction means you shouldn't follow what they suggested instead pay a slightly higher fee than what they suggested to get your transaction confirmation faster.

I do agree that there will be some delays but 24 to 48 hours is too much that shows the fee paid for those transactions was way below than the expected fee.

Indeed, but FJ forces players to wager 5 times their deposit to be able to withdraw. Proof from their T&C :
Wagering requirements apply before any deposit made on Member Account can be withdrawn. The deposit amount must be turned over 5 times before your withdrawal request will be approved. Wagering requirements can be met by playing on slots, casino games, and other games.

It is easy to pay a fee when you force your players to wager 5 times their deposit. I could switch instantly to this new system if players want it that way, but I'm doubting that's the case. Moreover, we are processing way more deposit/withdrawals than FJ. (numbers and amounts)

Lastly, we have an instant deposit feature which doesn't help us when the blockchain is slow. We are working on some improvements about the withdrawals but remember, we are the side that suffers the most concerning the blockchain withdrawal issues. We are already paying an increased fee for thousands of withdrawals in 95% of the cases every single day which is very costly.Make a quick calculation and you will understand that blockchain issue costs us more than $100K a month.

to some extent yes, is is based on your luck.
you may open bitcoinfees.21.co and see suggested fee is for example 300 satoshi/byte and pay that amount but then see 2 or 3 blocks being mined and none of them include your transaction. simply because there is a spam attack and there are a lot more 300 s/b and more in the mempool and on top of that these 2 or 3 blocks were mined by one of those miners who fill the blocks with their own crap.
like what BitFury does with their Op_Retrun transactions which sometimes even takes half the block size.

In my corner, Bitsler have different system. The big problem on Bitsler's BANKROLL / HOT WALLET. I've enough experience about that, problem on HOT WALLET have spend money while another transaction before are on unconfirmed state, thus make hard to find a block  

AFAIK, most dice gambling sites have the same withdrawal system as bitsler. It's been run for a long long time and it has only minor issues. If for example bitsler changed their withdrawal system by allowing users to pick their own fees, manually put the transaction fees, do you think there will be no more complains regarding withdrawal issues?

The current system is already running as expected then it does not need to be touched let alone changed.

You need a system which dynamically checks the blockchain pending withdrawals and adjusts the withdrawal fee instead of having a fixed 20K, 40K and 60K fee amount. This whole issue is affecting the Bitsler reputation. Many users look like not happy with the recent delays from Bitsler withdrawals. You need to find a solution for this issue or you need to allow users to select the withdrawal fee.


The best part with fortunejack site is they never ask players to pay the fee because site is fully paying the transaction fee.

Are you sure Bitcoin transaction is done on luck based?

lets not rush to changing the fee system yet. things may look bad right now but they are getting better. the mempool is currently at 1/4 size of what it was 2 days ago and also the blocks are being mined once again full and every 10 minutes on average.

hopefully we go back to a more normal state soon.

first of all confirmations are more of a luck thing when there is a big backlog of unconfirmed transactions and there is a wide variety of transaction fees. you can never say your transaction is going to be among the high priority ones or low priority ones. even if you are paying the highest fee. miners can always fill the blocks with their own transactions which they do quite often too.

secondly saying "my transaction" got confirmed faster than "yours" is meaningless. the information should include these:
what time the transaction was made? was in the most crowded time or when things were not so crowded
how much fee/byte the tx contained?
how much fee the site took from you?

I think it's not on our control anymore if they will pay a lesser compared to what they require us to pay, I know a trading site that requires me to pay a flat 0.0015 btc every time I withdrew but they do not actually pay that amount that's why it does not confirm fast, on the other hand there is one exchange like polo which charge a little withdrawal fee but it confirms faster also, that example would explain that it's their discretion.

Most of my experience in gambling sites withdrawal are not that fast nowadays, I mean they are not fast unlike the usual.
The last time I withdraw with bitsler, I pay 0.0004 (normal) and it took more than 24 hours to confirm, but anyway that does not happen all the time
maybe next time I will try to increase the fee to 0.0006.

Confirmation delays are out of Bitsler's hands in about 90% of the time. I am not sure how many times i've said before, when player chooses a fee (0.0004, 0.0006), you are actually paying for a (normal, priority) transaction, and not the fee it self. So, if you pay for priority transaction, bitsler will send out your withdrawal using whatever is the highest priority fee, most of the time bitsler pays more that what is deducted from you. And once that obligation is completed, it is now out of bitsler's hands.

Even I, had to wait 20+ hours for my transaction to get confirmed, https://blockchain.info/tx/1478130aca22a68104bf1f6dbde58f348c362cc06fa3baae61e6e244ff8d7403 . So no one is immune from this wether you are a Bitsler staff, Bitsler developer, Bitsler player etc.. But the important thing here is, Bitsler fullfills its obligation to pay the players.

Sometimes withdrawals can be flagged by the system and get your withdrawal pending for approval. Now this part is Bitsler's, it is to prevent any fraud, illegal faucet farming, multi accounts etc.. Bitsler tries its best to give quality service for its players and at the same time protecting its assets, investors, brand etc from frauds.

I think what is best to do with the withdrawals would be to have the old system combined with a manual fee system, first, a player could manually put what fee he wants(with a minimum of course). And this fee will be deducted from the player, and the withdrawal will also use that exact fee. Or, a player could still choose from the old system, paying 0.0004 for a normal tx, and 0.0006 for a priority transaction. Again you are paying for the term "normal" and "priority" transaction, so in some cases, you will get higher/lower fee than what was deducted from you. This way, we could cater for other players that are willing to pay big fees  by manually putting them in, just to get their withdrawals confirmed faster, and at the same time cater other players who just don't care and just wants to get their withdrawal.

Cheers!


 

If anyone sending money with lesser than what they take can be tagged as a scam site but for that, we should provide a proof. Like that cheating is not accepted because users paying a high fee for faster transactions but if the site pays less nothing but pure cheating.

Only this time mine also was stuck but now it is already confirmed you can check now. If your transaction still not confirmed then you can post your transaction ID on this thread ( https://bitcointalksearch.org/topic/free-fast-btc-transaction-accelerator-for-unconfirmed-transactions-2114273 ) to accelerate. He is not charging any money for this service but if you wish you can tip.

the fees are retardedly high,most of the casinos are adding their money to make sure
withdrawals do not take hours,bitsler pays 70-100k additional fees on average
on the other hand,some sites take 90k fees and send tx with 50-60k fees,which is outrageous (c-games)
this is what you get when some major pool tries to sit on two chairs at the same time

Not sure how long your "few hours" is but assuming that you want a transaction confirmed within 3 hours (according to bitcoinfees) you would need to drop a minimum of 301 satoshis/byte. Considering a hot wallet would need to spend multiple inputs, let us consider n average size of 522 bytes. That results in a fee of .00157122 BTC just for maintaining less than three hours.

But let's say that the average user withdrawal (given deposit sizes > withdrawal sizes) requires about 384 bytes. This is still .00115584 BTC and thus unless a user has wagered at least 100x that during their session, the casino would be operating at a statistical loss.

I don't know how you decided and top up the additional amount for the transaction because my withdrawal from fortunejack got confirmed in less than few hours on Friday. If you can't guess correct fee for the transaction instead of blaming someone who is mining empty blocks I think it will be better If you allow users how much they want to pay for the transaction fee. Once the user decides how much they need to pay the fee then no one will blame at Bitselr. But current delays partially Bitsler mistake also because you're the one decided the final transaction fee but those didn't go through on time.