Which is profitable, Dice Site Investment Vs Cloud Mining?

frankenmint

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Quote from: thebenjamincode on May 14, 2015, 02:58:43 AM

Quote from: shulio on May 14, 2015, 02:52:38 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

In term of more profitable then Cloud mining is more profitable since it gives better return on your investment and also in shorter time but it is very risky as most cloudmining does not hold for 1 year . Most cloudmining will just steal the investor's fund since most are based on pyramids scheme. Your best choice would be to invest in dice sites since house always will be profitable because that it has the house edge

have you tried investing on dice site bankroll? i just tried it once for 3 days and i keep loosing money

Well There's your answer right there - stop gambling. Its like you literally are pledging your money to act as the house and if the house wins, you win a little bit not all of it, if you lose, you lose all of it. I haven't tried bankrolling so please correct me if you get to keep the entire rake and not just the rake minus a 'house fee'

Working = trading time and skill in exchange for compensation is ALWAYS the best investment. Use Bitwage to convert it into btc or just go the normal route and trade out your earnings to btc using something like coinbase, kraken, or circle. What you're trying to do, is something that people will brag about all day, just to get their blog traffic higher so they can earn ad-revenue.

Lorenzo

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I would say that both options have a negative expected return on investment when the risk of the provider collapsing is taken into account. Someone who invested in 2014 into a mix of dice sites and cloud mining providers would most likely have lost most or all of their money by now unless they happened to be very lucky. The biggest dice sites which accepted investments back then were Dicebitco.in and Dice.ninja. Both ended up losing a lot of their investors' funds. The most popular cloud mining sites back then (e.g. PBMining, Lunamine, etc.) also ended up collapsing and losing their investors' funds. The few which didn't end up being scams, such as CEX.IO never made a profit for their investors' anyway.

I have a few CLAMs invested in Just-Dice right now. As far as dice sites that accept investments go, Just-Dice is probably the only trustworthy one out there. There are a couple of trustworthy cloud mining services out there too, but virtually all of them aren't profitable if difficulty increases are taken into account. The recent collapse of AMHash also proves that even the most trustworthy providers can end up collapsing too.

Slark

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Quote from: pooya87 on May 14, 2015, 12:20:16 PM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

i would say investing in gambling, or better said spending money on gambling. because investing on cloudmining was never profitable and even reaching ROI in a pain in the ass.
by gambling at least you have fun with a "chance" of winning!

Gambling is not investment, you are mixing things up. If you want to invest money you are not gamble with it - it is contradiction per se. Cloud mining is closer to traditional investing but recently it is not extra profitable method of allocating your money. If you really wan to invest best call is to trade cryptocurrency, arbitrage or speculation is the name of the game if you really want to 'invest'.

pooya87

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Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

i would say investing in gambling, or better said spending money on gambling. because investing on cloudmining was never profitable and even reaching ROI in a pain in the ass.
by gambling at least you have fun with a "chance" of winning!

sherbyspark

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Quote from: shulio on May 14, 2015, 05:20:09 AM

Quote from: sherbyspark on May 14, 2015, 05:09:35 AM

I would suggest staying away from gambling site investing , The past has shown that they are more riskier than any form of investing specially because you are essentially trusting your coins with an anonymous third party. Just for the 1% you will have to risk it all and might not even get anything back.

The same thing as investing in a cloudmining and the risk are greater there where you have to wake up sometimes just to see that your payment is not arrived yet. It is not risking all to get 1 %. 1 % is the minimum that you will get since that is what house edge is for and ofcourse most sites get more than it

Consider the fact of a famous casino I know. It has had around 10K wagered in the past 2-3 months or maybe more. And mathematically there are supposed to make 100 BTC in that time, and they did make around 150ish.

Now even though they did make money, but imagine the risk you are taking by letting your money stay there. There has only been Justdice till now, which has ended well for investors. All the others, I believe will not stay for long and mostly haven't done so. Its the same case for cloudmining. So I would just suggest staying out of both.

marcotheminer

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Quote from: Vod on May 14, 2015, 02:37:17 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site or Cloud Mining

Cloud Mining is never profitable - if they could make more mining than renting, why would they bother renting?

If you play a dice site long enough, you will eventually lose all your coin.

Your choice. Undecided

Renting offers an immediate return on investment and you earn from fees, that's the reason why people rent Ghs.

dothebeats

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Quote from: bitllionaire on May 14, 2015, 08:42:05 AM

Cloud mining is not profitable at all,so I'd say dice investment,but it's not a totally secure investment because you may finish losing too,but if you have luck you will win

Well a 100% secured investment doesn't exist in this world anyway. Also, the higher the return, the higher the risks will be. It is still up to the investor how will he/she minimize the possible risks he/she might encounter along the way and use his/her investments properly and cleverly. In investing in the crypto world, timing is a big factor because if you got a bit late, chances are you'll end up burning your investments almost instantly instead of using those for some profit.

bitllionaire

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Cloud mining is not profitable at all,so I'd say dice investment,but it's not a totally secure investment because you may finish losing too,but if you have luck you will win

dothebeats

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Quote from: twister on May 14, 2015, 06:28:22 AM

Quote from: dothebeats on May 14, 2015, 04:30:15 AM

Cloud mining nowadays is a scary "investment" if you would ask me because apparently, the operators of this kind of service never show their identity to their peers and investors. Also, they can easily create some "proofs" that would help them hide their true intentions by showing pictures of their "mining hardware". Most of the time, this cloud mining sites turn out to be a pyramid scheme, giving some "mining revenues" to their investors as long as it is "profitable" and after some months or a year, will turn out to be a scam and poof! All coins gone.

Dice site investment on the other hand, is also risky but is less scarier compared to its cloud mining counterpart in terms of investment. Dice site could actually give you some profit over time unless a lucky player shatters the whole house within a single moment. The house edge is proven to be unbeatable over time and the house always wins. But there are times when the house loses to a single entity that could cripple some investments on it.

Whatever the case, still your choice in the end.

You're right but there is no way to be sure that a gambling site won't run away when it has accumulated enough funds. Bitcoin investments are always risky because there is no central authority regulating the funds and there is also no legal agreements.

I say both have equal risks but there has been less instances of gambling sites running away with people's funds in the past as compared to so called Cloud Mining sites, so I guess they can be considered a little safe for now and if a Gambling site is running a legit business than it will provide better profits in long term to it's investors.

There are no certainties in the crypto world. As long as there is an influx of money, scammers and the likes would probably be riding the waves for profit. Amazingly, there are services and gambling sites that are rock-solid up until now and proven that they are worthy of the trust given by the community to them, like Primedice and just-dice

NorrisK

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Or You start your own dice site, earn 0,5% on total played. On top of it, You can sell add space when You have enough unique visitors.

Troonetpt

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Cloud mining is more like a ponzi, it's hardly last, the hashrate rise rapidly, and Cloud mining can follow it.

El Emperador

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Cloud Mining usually isn't profitable, while investing in the house of a gambling website could be.
Anyway, be really aware because many dice sites scam, or disappear or never pay investors for months...choose a good company and read all the opinions of the previous investors.

louise123

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Quote from: louise123 on May 14, 2015, 07:11:40 AM

Quote from: thebenjamincode on May 14, 2015, 07:06:25 AM

Quote from: louise123 on May 14, 2015, 04:00:23 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

You have better chances lending it out and collect interest.

However, my advice to you is: Work for it.
What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns.
That way you are sure that your investment will pay back and make you profit.

how much does a sr. account cost and where can i buy it?

Prices range depending on the account.
You can get one from the Digital Goods Forum: https://bitcointalk.org/index.php?board=93.0
There is one here for sale: https://bitcointalksearch.org/topic/selling-a-senior-account-1059639

There is another sale here for 2 accounts, 1 Sr. Member and one Member. https://bitcointalksearch.org/topic/sold-senior-member-account-for-035-btc-1059168
It's the same price as the one quoted above, however the one quoted above will become Hero Member soon.

shulio

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Quote from: Jeremycoin on May 14, 2015, 07:13:11 AM

With Dice/Gambling you could have more profit, but not safe. And with Cloud Mining you couldn't have a big profit, but more safer.

This is a very wrong post or are you mixed it up by accident? most cloudmining promised you a ROI after x months but a dice sites never promises you so. Even after a year, you wont even get 100 % of what you invested in a dice site but with cloudmining a year is when you can gain more than what you have invested and ofcourse dice site is safer if you know where to put in

crazyivan

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Cloud mining can be profitable if you know what company to choose. Never tried gambling or investing into gambling though.

Jeremycoin

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With Dice/Gambling you could have more profit, but not safe. And with Cloud Mining you couldn't have a big profit, but more safer.

louise123

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Activity: 462

Merit: 250

Quote from: thebenjamincode on May 14, 2015, 07:06:25 AM

Quote from: louise123 on May 14, 2015, 04:00:23 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

You have better chances lending it out and collect interest.

However, my advice to you is: Work for it.
What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns.
That way you are sure that your investment will pay back and make you profit.

how much does a sr. account cost and where can i buy it?

Prices range depending on the account.
You can get one from the Digital Goods Forum: https://bitcointalk.org/index.php?board=93.0
There is one here for sale: https://bitcointalksearch.org/topic/selling-a-senior-account-1059639

thebenjamincode

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Activity: 490

Merit: 500

37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

Quote from: louise123 on May 14, 2015, 04:00:23 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

You have better chances lending it out and collect interest.

However, my advice to you is: Work for it.
What do I mean is, buy a Sr+ Member account and enroll in Signature campaigns.
That way you are sure that your investment will pay back and make you profit.

how much does a sr. account cost and where can i buy it?

Amph

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Quote from: MarbleBoss on May 14, 2015, 06:51:11 AM

Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

For both, you are solely dependent on Luck. If you want to add strategy with Luck factor, try innovative Social gambling games like CrazyPonzi.com.

ponzi are even worse, you know that one day they will run away with your money for sure

i still think that cloud mining are more legit and less risky than pure gambling sites like dice, these site have a high percentage of luck, while with a cloud there isn't much luck involved.

if you can follow the price and the diff well enough, you can then go out from cloud mining by selling your contract , ahead of time...

also with cloud you can reach roi at least, if you can reach it you are done, everything after that is pure profit

MarbleBoss

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Quote from: thebenjamincode on May 14, 2015, 02:31:58 AM

hey guys i was planning to invest my BTC
but what is more profitable among those two?

Dice Site BANKROLL or Cloud Mining

For both, you are solely dependent on Luck. If you want to add strategy with Luck factor, try innovative Social gambling games like CrazyPonzi.com.

Topic: Which is profitable, Dice Site Investment Vs Cloud Mining? (Read 2106 times)