Why only Bitvest and 777Coin - page 4.

Strongkored

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Quote from: mr.smith on August 02, 2020, 10:53:43 AM

I roam around this forum although I seldom post and I notice that Bitvest and 777Coin upon checking are the two signature campaigns in the gambling industry with the longest campaign and with so many participants.

= Are they the only gambling sites that really make a profit from gambling

They are just one of the many gambling websites that make good profit, you can see freebitcoin they have lambo hurricane promos it's mean they generated big profit to offer that.

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= Why other campaigns only last 2 to 5 weeks why they cannot sustain

When web gambling owners make promotions through signature campaign I believe they have calculated the costs to be incurred and also the profit to be gained, if it is not as expected then they will definitely try another forms promotions which they think will invite more people to gamble on the web.

There are other factors that make a sig camp run for a short time because they want to renew their website or also renew their signature code design to make it look more attractive.

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= How can Bitvest and 777Coin sustain the campaign

Cost they have to pay can be one factor and the number of users on their website who come from this forum can also be a reason.

swogerino

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They are doing great to keep a signature go that long.However they are not the only ones,I am at my signature since August or September 2018 and Sportsbet is still going strong.The same can be said for many other campaigns which run here in the forum.

gadado

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Well since they are one of the oldest casinos running and campaign running as well let's assume that they have some loyal players from before and until now and because of their long run signature campaign they're still having more players on their website.

Also players can invest on their casino which can increase their fund and also they have a huge number of loyal players that's why they're still up until now.

smyslov

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Quote from: leea-1334 on August 03, 2020, 07:52:10 AM

Also to note that Bitvest and 777Coin belong to the same owners (so they are sister companies) and they actually have no minimum requirement to join their campaigns, meaning to say,,, they have the lowest tier that can pay anyone who needs money to join. Good for them but that is also why they are probably the most visible:)

I'd like to praise Hhampus, Brainboss and Lightlord for a well managed campaign although they are not paying that high they see to it that none of the members are spamming this forum just to earn a quick buck, not easy to have this big number of participants and do it for straight 80 weeks, I hope they won't change the rate but I'm planning to stay here as long as the campaign continues and if my health allow me.

ene1980

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Quote from: btcltcdigger on August 03, 2020, 07:51:01 AM

My thoughts are that owner of these 2 sites (and i believe it's the same owner) is a person who managed to stock up alot of BTC, possible thousands or tens of thousands.
And as such, he probably has a chunk stored aside for promoton.

The owner of both these site will be having a stockpile of coins but the most important thing you need to understand is that they are not spending that much for advertisement and when you compare it to chipmixer you will understand the major difference for the amount they spent for promotion.

Quote from: btcltcdigger on August 03, 2020, 07:51:01 AM

Mind you, early btc enthusiasts could very well own hundreds of thousand of bitcoin. And setting aside lets say 1000 BTC could fuel these campaigns for years.
It might not be 100% profitable for them, but it's a strategy that might pay up in the long run.

As mentioned earlier they are not spending that much compared to the rest of the campaigns but they understand that advertising will attract new users for their site and they are happy with the results and so is the reason it is a long running campaign.

alani123

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You shouldn't judge the profitability of a gambling site based on its signature campaign.
The profitability can only be studied if they are accepting investment in the bankroll in which case the house's profits have to be published.

But in terms of Bitvest/777coin signature campaigns in specific, the reason they're so long running is that they really don't pay that much. There have also been campaigns paying exceptionally well that have lasted a long time. These might have different purposes of spreading such large sums. For example, mixers. Each venture can have different purposes.
Other casinos might want to cease their signature campaigns once they feel they've gotten a stable user base that they're satisfied with. Or some might just want to allocate big parts of their budget on promotion and consider signature campaigns important. There really aren't many conclusions to be drawn for the service just based on how long a campaign runs.

AmoreJaz

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Quote from: Bttzed03 on August 02, 2020, 11:23:48 AM

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

I roam around this forum although I seldom post and I notice that Bitvest and 777Coin upon checking are the two signature campaigns in the gambling industry with the longest campaign and with so many participants.

Check this thread to view the signature campaigns here - https://bitcointalksearch.org/topic/overview-of-bitcointalk-signature-ad-campaigns-last-update-01-jan-23-615953
Other campaigns that have been running for a long time now are bustadice, yolodice, playbetr, crypto.game, bitcasino

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= Are they the only gambling sites that really make a profit from gambling
= Why other campaigns only last 2 to 5 weeks why they cannot sustain
= How can Bitvest and 777Coin sustain the campaign

1. Definitely not. Keep in mind also that they don't pay participants the same as the others. If I'm not mistaken, they're one of the campaigns with the lowest rate.
2. Probably because they only plan to advertise for a short time to test if they can get enough users here. If they're not getting enough traffic from the campaigns, they'll end it.
3. Like I said, they have one of the lowest rates. We can also assume that they are driving traffic that generates enough revenue to compensate for the marketing expenses.

yes there are other long-running sig campaigns other than these 2 casino sites. however, it is commendable that they can sustain their campaigns for so long. and if you observed, their participants come and go, and yet they remain to continue their promotion here in the forum.
maybe of their relatively low rates but if you think about it, if you joined one of their campaigns, you have assurance that you will be paid week after week for long period and it is up to you if you will give up your position. and maybe yes, with their relatively low rates, they can afford to pay their participants.

LogitechMouse

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Quote from: mr.smith on August 02, 2020, 10:53:43 AM

I roam around this forum although I seldom post and I notice that Bitvest and 777Coin upon checking are the two signature campaigns in the gambling industry with the longest campaign and with so many participants.

You've missed some campaigns already like my current signature campaign. Maybe you should browse in services section longer

.

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= Are they the only gambling sites that really make a profit from gambling

I don't think so because like I said, there are some long term campaigns around here already. Its just that Bitvest and 777Coin are the longest as of this moment. All long term campaigns are still getting profit for sure.

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= Why other campaigns only last 2 to 5 weeks why they cannot sustain

The fact that both of these campaigns have low payrate, that is also the reason why they can sustain it. The ratio of their profit to the total Bitcoin that they are paying are maybe in favor in profit so they can sustain it.
Another reason that I see why they can sustain it is the competition. Most of the new gambling sites can't sustain it because they don't get any traffic in their site but they are still paying the campaign participants. With so many gambling sites already, the competition is kinda tough for me.

Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= How can Bitvest and 777Coin sustain the campaign

Profit to total Bitcoin they are paying to their participants ratio. This is I think the answer why they can sustain it.

avikz

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Quote from: mr.smith on August 02, 2020, 10:53:43 AM

I roam around this forum although I seldom post and I notice that Bitvest and 777Coin upon checking are the two signature campaigns in the gambling industry with the longest campaign and with so many participants.

= Are they the only gambling sites that really make a profit from gambling
= Why other campaigns only last 2 to 5 weeks why they cannot sustain
= How can Bitvest and 777Coin sustain the campaign

even non-participants of these two campaigns can answer because I believe many of you here become part of the campaigns one time or another.

I am not sure if you have intentionally missed taking the names of Fortunejack, Crypto games, freebitco or just missed looking at them! There are other casinos as well like betcoin.ag which has chosen to restart their signature campaign in recent times while their first signature campaign ran for good few years!

However, the payment is also an important factor for the casinos. Fortunejack paid 0.015 bitcoin each week for around 3 years for each of its participants while bitvest paid around 90 USD weekly! There are signature campaigns that pay 1200 satoshi to its participants. So a lot of factors are included.

Casinos that pay less, has higher chance to sustain for longer time. Probably that's the case for your casinos as you can see the above comparison!

milewilda

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Quote from: mr.smith on August 02, 2020, 10:53:43 AM

I roam around this forum although I seldom post and I notice that Bitvest and 777Coin upon checking are the two signature campaigns in the gambling industry with the longest campaign and with so many participants.

= Are they the only gambling sites that really make a profit from gambling
= Why other campaigns only last 2 to 5 weeks why they cannot sustain
= How can Bitvest and 777Coin sustain the campaign

even non-participants of these two campaigns can answer because I believe many of you here become part of the campaigns one time or another.

-No, there are still some few gambling campaigns that still run nowadays like Bitdice, Crypto.games, Bustadice etc. You have just simply missed them out.
-Campaign duration all matters with the budget, if a certain new company do launch their signature and doesnt get any satisfying results then they will surely stop
or else they dont already have the funds to go further.
-They are on profit or simply means they do allocate budget into their advertising here into this forum also to those long-running campaigns atm.

Rengga Jati

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You may be true about the long time period of the campaign and also the numbers of the participants. However, what is the other campaigns likely the Bustadice, Chipmixer, and also Yolodice? they are also long term period campaigns that are conducted with interesting payment.

You can check it carefully that actually not only those two campaigns that can last for more periods. You can check on the service thread and they offer some campaigns with several weeks.

They may be shorter but they have higher amounts of the payment than these two campaigns.

mu_enrico

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I think I graduate from BitVest school, a few thoughts:
- Both are (very) old so they saved lots of Bitcoin;
- The payment is so low compared to other campaigns, I think I only managed to earn $5/week at that time;
- It's a form of giving back to the community.

yazher

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There are lots of online gambling in the crypto industry but only few of them who after made a signature campaign they became successful and it helps them to gather players all around the world. it seems to work for them after a few weeks of signature campaign test. Unlike the other online gambling site, no matter what they do they still got few players. maybe the reason is simple, they don't have something different things than the other sites do and the players stick at the site where they are comfortable.

MCobian

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Very many gambling sites have succeeded in making a profit from gambling, but not all gambling sites choose promotions
with signature campaigns. Most gambling sites only promote briefly, because budgets are limited and indeed the planning
is short term. I just briefly joined Bitvest campaigns, but was very satisfied with the payment provided. No matter the
small fee, but gives chance for low ranks like me.

Pffrt

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Quote from: mr.smith on August 02, 2020, 10:53:43 AM

= Are they the only gambling sites that really make a profit from gambling
= Why other campaigns only last 2 to 5 weeks why they cannot sustain
= How can Bitvest and 777Coin sustain the campaign

Cause you have no idea how many campaigns are there. Bitsler lasted for years, so does bustadice, bitdice, yolodice campaigns are. Bitvest and 777coin campaigns are also there for long time but they are spending too low amount if you look at the pay per post. I was once a participant of bitvest for couple of months.

Sanitough

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Bitvest and 777Coin are very consistent, their campaign was never stop although they change campaign managers couple of times already. However, it's not only these sites that has an active signature campaigns now, there are others that runs for over a year already ,like bustaidce, crypto-games, and playbetr, these campaigns differ from pay but Bitvest and 777Coin is the lowest paying campaign among them all AFAIK.

Lastly, I like to add, Roobet campaign seems to be going long term too.

erikoy

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Those other gambling sites just do not know how important the advertising in this forum. This is the proof that a gambling site is solid and legit. It is always being managed right and advertising it here is one way of doing it. Other than that possibly bitvest and 777coin are not that likely pay that much but getting paid is not really the deal here. what important is that one can be able to learn new things and this is also a new environment. So adaptation, learning, and applying it in the future is part of a better individual in the future.

Haunebu

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Initially, I thought the same thing when I first found this forum. However, I did some research and observed many more similar campaigns running for a long period of time, but they were never bumped as often as these 2 campaigns.

Both Bitvest and 777Coin pay relatively low amounts even to their highest teirs when compared to popular campaigns like Chipmixer, Bustadice etc which is another reason. I do remember Hhampuz managing them both sometime back and the manager changed recently.

imstillthebest

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Quote from: serjent05 on August 03, 2020, 08:24:19 AM

It is possible that these two casinos have lots of funds for this promotion. Aside from the rate which is advantageous to the owner for the long run, I think they have a good amount of fund allocated for the campaign that can fuel the campaign for years regardless of the casinos making a profit or not.

i saw lightlord donated huge amount btc last time , it was related to covid charity thing . not only that but lightlord donated on this forum long time ago and earned him a tag as a donator.

that only shows that they do have alot of funds and its noice if they already seperated the fund dedicated for the signature campaign only . with the camapign running for many years they should earn good profits already . they are blessed becaused owners are genrous

pilosopotasyo

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Quote from: serjent05 on August 03, 2020, 08:24:19 AM

It is possible that these two casinos have lots of funds for this promotion. Aside from the rate which is advantageous to the owner for the long run, I think they have a good amount of fund allocated for the campaign that can fuel the campaign for years regardless of the casinos making a profit or not.

It's also advantageous for signature participants, there comes a time that campaign in gambling is very scarce and those who choose or stay Bitvest and 777Coin are lucky this is my first campaign that I got paid in Bitcoin and I want it to continue because no other campaigns will choose a lower rank member like me.

Topic: Why only Bitvest and 777Coin - page 4. (Read 609 times)