Wallet of dice sites or any casinos!!

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: Omikifuse on March 04, 2015, 05:41:10 AM

Quote from: noma on March 04, 2015, 05:22:10 AM

Quote from: Nobitcoin on March 04, 2015, 05:11:18 AM

Why you interested? So you can try and hack their wallets Grin

Maybe he is trying to build his own site and wants to understand how does storage coins work.

if he doesn't know what is hot and cold wallets then he has a long path ahead, whatever he would like to do.

(and what is pf coins, btw?)

could be letter "o"

of coins

still doesnt get what he means if he is looking for the wallt of the casino then he wont find it, since casino always use mixer to do their transactions for security purposes

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: noma on March 04, 2015, 05:22:10 AM

Quote from: Nobitcoin on March 04, 2015, 05:11:18 AM

Why you interested? So you can try and hack their wallets Grin

Maybe he is trying to build his own site and wants to understand how does storage coins work.

if he doesn't know what is hot and cold wallets then he has a long path ahead, whatever he would like to do.

(and what is pf coins, btw?)

noma

full member

Activity: 182

Merit: 100

Quote from: Nobitcoin on March 04, 2015, 05:11:18 AM

Why you interested? So you can try and hack their wallets Grin

Maybe he is trying to build his own site and wants to understand how does storage coins work.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: neoneros on March 01, 2015, 06:19:58 AM

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings.

some casinos secure it in cold wallet, but mostly the withdrawal that occurs on a gambling sites usuall comes from the hot wallet , only a few lucky guy manage to bust the cold wallet, i.e hufflepuff that rob PrimeDice

Nobitcoin

legendary

Activity: 966

Merit: 1000

In holiday we trust

Why you interested? So you can try and hack their wallets Grin

noma

full member

Activity: 182

Merit: 100

Quote from: ubitcoin on March 01, 2015, 05:30:39 AM

Does any one know that where the dice sites store pf coins ??

They usually have the API which performs the sweep. Else they have a cold storage for storing coins

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Cryptocoins-dice.com is one of the rare dice-game to providing a proof-of-reserve (for all coin: BTC DOGE XMR XMG XRP).

You'll find all the files related to the PoR on that thread: https://bitcointalksearch.org/topic/cryptocoins-dicecom-btc-xrp-xmr-xmg-doge-play-invest-leverage-faucet-956800
These are the Cold-wallets.

Agestorzrxx

sr. member

Activity: 462

Merit: 250

I thinks it like most of exchange site.
Most of coins should be stored to cold wallet.
And some store in hot wallet.

RHavar

legendary

Activity: 1463

Merit: 1886

It depends greatly on the casino, with Money Pot for instance I try keep between 15 and 30 BTC in the hot wallet at all times. Withdrawals deduct from the hot wallet, deposits increase it. When I notice the hot wallet getting low, I typically will do a quick sanity check that everything looks fine and deposit money from a warm wallet (which normally contains 0 to 50 BTC), or if required from cold storage (which contains the rest). If the hot wallet gets too big, I will spill it into the warm wallet or cold storage.

anshar

sr. member

Activity: 350

Merit: 250

This should clarify things a little:

Usually 90%+ of coins are stored safe in an offline cold wallet

The rest is in a hot wallet, that is actively receving deposits and paying out withdrawals.

Snipe85

sr. member

Activity: 756

Merit: 250

Infleum

Quote from: Astargath on March 01, 2015, 06:37:44 AM

Quote from: boopy265420 on March 01, 2015, 06:36:23 AM

Quote from: neoneros on March 01, 2015, 06:19:58 AM

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings.

I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place.

Nothing is really safe (mtgox, bter)

Gox and bter were most likely inside jobs. Karpeles is a mental child. He was too focused on writing code every day to notice his employees are emptying his pockets.

yenzae0215

full member

Activity: 140

Merit: 100

Quote from: ubitcoin on March 01, 2015, 05:30:39 AM

Does any one know that where the dice sites store pf coins ??

most gambling sites store their coins in their cold wallet and will only use it to top up the hot wallet used in instant payouts

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: boopy265420 on March 01, 2015, 06:36:23 AM

I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place.

Actually, it's the other way around, some new sites you'll see have no instant payments option, they require you to wait up-to 24 hours to send you your withdrawal. They do this because they don't keep any money in their hot wallets and they manually check each withdrawal and then send money from their cold wallet.

chaosknight

hero member

Activity: 868

Merit: 1000

they store them on their wallet servers, some sites with high volume also store a big part of their money in cold wallets

Astargath

hero member

Activity: 1624

Merit: 645

Quote from: boopy265420 on March 01, 2015, 06:36:23 AM

Quote from: neoneros on March 01, 2015, 06:19:58 AM

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings.

I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place.

Nothing is really safe (mtgox, bter)

boopy265420

legendary

Activity: 1876

Merit: 1005

Quote from: neoneros on March 01, 2015, 06:19:58 AM

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings.

I think you are right not all sites have cold wallet. May be just few sites look after the interest of the investors and they store their funds in safe place.

buddu

hero member

Activity: 700

Merit: 500

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

Well explained this is very informative so our deposits are safe and secure as they are in cold wallets.

neoneros

sr. member

Activity: 462

Merit: 250

I can draw your avatar!

Quote from: AltcoinInvestor on March 01, 2015, 06:04:53 AM

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

I doubt they realy have a cold wallet. The hot wallet will be funded by the gamblers, they take 90-95% out of it by echanging it to dollars and leave the rest for the lucky few that do need a payout of their winnings.

AltcoinInvestor

sr. member

Activity: 294

Merit: 250

Generally They hold them in 2 wallets.
First one is called "Hot wallet" which has 5-10% percent of all coins and this wallet used to send coins immediately.
Second one is called "Cold wallet" (also called as cold storage) which has 90-95% percent of all coins and this wallet's located on a computer is generally offline. To secure most of funds from hackers, this is why it's not connected to internet.

If the funds in the hot wallet is decreased they send coins from cold to hot wallet using a flash drive to secure this cold wallet. (They create a tx on the offline computer and tx is broadcasted via flash drive).

XinXan

hero member

Activity: 1064

Merit: 505

In wallets where else they could store them?

Topic: Wallet of dice sites or any casinos!! (Read 1301 times)