Withdraw bitcoins from gambling sites

victorhing

legendary

Activity: 1435

Merit: 1123

CoinRoyale.com

Quote from: Ejaculation on July 30, 2014, 09:18:37 PM

Quote from: anshar on July 30, 2014, 09:17:46 PM

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

Quote from: rz20 on July 30, 2014, 07:58:14 PM

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago.

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

I think coinroyale has instant deposit too

Coinroyale is a terrible scamming site. Never play there.

What issues were you having with CoinRoyale?

We've been in operation for close to a year. All of our games are provably fair and vetted by reputable forum members and reviewers (we even have an extensive page to explain our algorithm: https://coinroyale.com/provablyfair).

And yes, all of our deposits are processed instantly and withdrawals are instant too after 1 confirmation.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: TwinWinNerD on July 31, 2014, 06:16:46 PM

Remember the 0-confi deposits from inputs.io ? Sad

That's different. Making transfers off-chain requires no confirmations so long as you trust the person offering the off-chain service.

Unfortunately in the case of inputs.io such trust would have been misplaced.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Remember the 0-confi deposits from inputs.io ? Sad

Also, 0-conf is just retarded, it is so easy to doublespend in 10 minutes...

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Ejaculation on July 31, 2014, 05:19:53 PM

You remember how Seuntjie had a list full of "trusted" (really I should say "regulars"or "non-beggars") that were eligible for rain. What about a trusted list for regulars who the admin can risk giving the option for 0-conf deposits to. PD3 should have sometihng like that, it's worth suggesting to Stunna. Instant deposits AND cashouts would be amazing.

Never underestimate how much effort a scammer will go to in order to rip you off.

If you need to spend 100 hours on the site to "level up" enough to be trusted with 0-conf deposits, then that's what they'll do.

Ejaculation

full member

Activity: 238

Merit: 100

Quote from: dooglus on July 30, 2014, 09:46:04 PM

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

It always seemed to me that accepting 0-conf deposits was asking for trouble.

The difference between 0 and 1 confirmation is much more significant than between 1 and 2.

You remember how Seuntjie had a list full of "trusted" (really I should say "regulars"or "non-beggars") that were eligible for rain. What about a trusted list for regulars who the admin can risk giving the option for 0-conf deposits to. PD3 should have sometihng like that, it's worth suggesting to Stunna. Instant deposits AND cashouts would be amazing.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

It always seemed to me that accepting 0-conf deposits was asking for trouble.

The difference between 0 and 1 confirmation is much more significant than between 1 and 2.

Soappa

hero member

Activity: 569

Merit: 500

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

Quote from: rz20 on July 30, 2014, 07:58:14 PM

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago.

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

Not really sure about the details, but 999dice was accused of scamming and the owner has left bitcointalk since Jan...
https://bitcointalksearch.org/topic/beware-of-999dice-potential-scam-523178

Ejaculation

full member

Activity: 238

Merit: 100

Quote from: anshar on July 30, 2014, 09:17:46 PM

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

Quote from: rz20 on July 30, 2014, 07:58:14 PM

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago.

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

I think coinroyale has instant deposit too

Coinroyale is a terrible scamming site. Never play there.

anshar

sr. member

Activity: 350

Merit: 250

Quote from: Ejaculation on July 30, 2014, 07:59:26 PM

Quote from: rz20 on July 30, 2014, 07:58:14 PM

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago.

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

I think coinroyale has instant deposit too

robhimself

full member

Activity: 154

Merit: 100

Calling out scams, one HYIP at a time...

THE DOOGLAS HAS SPOKEN

Ejaculation

full member

Activity: 238

Merit: 100

Quote from: rz20 on July 30, 2014, 07:58:14 PM

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago.

That was the main reason I played there and not JD, when it switched to 1 confo JD was definitely the better option. Now the only site with zero confo deposits is 999dice Sad

rz20

legendary

Activity: 1330

Merit: 1001

Quote from: Ejaculation on July 30, 2014, 07:10:47 PM

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

PD has had instant deposits for a long time, they have changed to 1 confirmation one month ago after double spends. People sent transactions without fees and if they win the bet the let the transaction if not they try to send it to other wallet paying fee or using bitundo.

Ejaculation

full member

Activity: 238

Merit: 100

I remember PD had 6-7 confirmations before until recently. Extremely annoying to wait, and not worth losing the potential customers the casino might've lost.

addi

hero member

Activity: 626

Merit: 500

https://satoshibet.com

Quote from: dooglus on July 30, 2014, 05:20:08 PM

Just-Dice ran for a year, and in that time we never once saw any double-spend attacks.

We had a few deposits that never confirmed, but since we never credited deposits until they were confirmed, that wasn't a problem.

Same for SatoshiBet

dooglus

legendary

Activity: 2940

Merit: 1333

Just-Dice ran for a year, and in that time we never once saw any double-spend attacks.

We had a few deposits that never confirmed, but since we never credited deposits until they were confirmed, that wasn't a problem.

The reason for allowing players to withdraw with less than 6 confirmations on their deposit is that they like it that way, and the risk of a double-spend seems to be pretty small.

DirectBet

legendary

Activity: 1288

Merit: 1010

DirectBet pays out winnings once there is 1 confirmation for the initial bet transfer. We prefer to pay you out as quickly as possible.

Cloudbet

legendary

Activity: 2338

Merit: 1122

Cloudbet | Best Bitcoin Gambling Site Since 2013

At Cloudbet, we allow withdrawals once all deposits have received 3 confirmations.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

Quote from: OsNaP on July 27, 2014, 08:34:44 AM

If I am right, a transaction will be safe from double spending when there are 6-7+ confirmations. On most gambling sites you can withdraw your Bitcoins with 2-3 confirmations, how can this be safe from double spending for gamble site..?

No 6 transactions is not a hard limit. It is all about risk, the more transactions the harder it is to double spend. 6 is deemed an 'acceptable' level of security but it is still possible to double spend 6 confirmations. Only 120+ confirmations is truly safe.

sed

hero member

Activity: 532

Merit: 500

Quote from: Rannasha on July 27, 2014, 09:20:21 AM

Quote from: OsNaP on July 27, 2014, 08:34:44 AM

If I am right, a transaction will be safe from double spending when there are 6-7+ confirmations. On most gambling sites you can withdraw your Bitcoins with 2-3 confirmations, how can this be safe from double spending for gamble site..?

In theory, a transaction is never safe from double-spending. More confirmations decrease the chance for an attacker to succeed. The success chance will depend not only on the number of confirmations, but also on the hashpower controlled by the attacker. The chance will never be 0 and if the attacker controls more than half the hashrate of the network, his success chance at performing double spends is 100% (if he chooses to do so).

In practice, performing a double spend against 6 confirmations is exceptionally unlikely. Also, 6 confirmations takes approximately 1 hour, so that makes it a convenient guideline. However, unless you're working with large amounts of coins, 1-3 confirmations is typically just fine, as the chance for an attack to succeed is still rather low and it is not economical for attackers to try and double spend these transactions, since they lose out potential mining rewards by trying to construct a competing blockchain.

That was an exceedingly lucid and wonderful explanation. The only think I can add is that there's something of "tradition" to this as well. However, Rannasha makes a very good point about the link between the amount of btc and the risk-to-reward ratio of trying to pull of the double spend.

Soappa

hero member

Activity: 569

Merit: 500

Quote from: OsNaP on July 27, 2014, 10:38:35 AM

Quote from: xcoin19 on July 27, 2014, 10:33:32 AM

There is always a risk for double spending but It's very low so you just don't think about It.

Oke, but there is a reason for waiting on 6-7 confirmations right?

I believe "6 confirmations" is used just because it takes on average an whole hour (a nice number) to get there, and there is nothing special about the number "6".
IMHO, if you are not doing a big transaction, 1 or 2 confirmations are good enough.

OsNaP

newbie

Activity: 46

Merit: 0

Quote from: xcoin19 on July 27, 2014, 10:33:32 AM

There is always a risk for double spending but It's very low so you just don't think about It.

Oke, but there is a reason for waiting on 6-7 confirmations right?

xcoin19

newbie

Activity: 4

Merit: 0

There is always a risk for double spending but It's very low so you just don't think about It.

OsNaP

newbie

Activity: 46

Merit: 0

Quote from: Rannasha on July 27, 2014, 09:20:21 AM

Quote from: OsNaP on July 27, 2014, 08:34:44 AM

If I am right, a transaction will be safe from double spending when there are 6-7+ confirmations. On most gambling sites you can withdraw your Bitcoins with 2-3 confirmations, how can this be safe from double spending for gamble site..?

In theory, a transaction is never safe from double-spending. More confirmations decrease the chance for an attacker to succeed. The success chance will depend not only on the number of confirmations, but also on the hashpower controlled by the attacker. The chance will never be 0 and if the attacker controls more than half the hashrate of the network, his success chance at performing double spends is 100% (if he chooses to do so).

In practice, performing a double spend against 6 confirmations is exceptionally unlikely. Also, 6 confirmations takes approximately 1 hour, so that makes it a convenient guideline. However, unless you're working with large amounts of coins, 1-3 confirmations is typically just fine, as the chance for an attack to succeed is still rather low and it is not economical for attackers to try and double spend these transactions, since they lose out potential mining rewards by trying to construct a competing blockchain.

Aah I see, but I think its weird to lower your confirmations just for lower amounts of bitcoins. You can double spend a lot of small amounts than. A lot of small amounts ends up with a big amount. Or do I miss something?

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: OsNaP on July 27, 2014, 08:34:44 AM

If I am right, a transaction will be safe from double spending when there are 6-7+ confirmations. On most gambling sites you can withdraw your Bitcoins with 2-3 confirmations, how can this be safe from double spending for gamble site..?

In theory, a transaction is never safe from double-spending. More confirmations decrease the chance for an attacker to succeed. The success chance will depend not only on the number of confirmations, but also on the hashpower controlled by the attacker. The chance will never be 0 and if the attacker controls more than half the hashrate of the network, his success chance at performing double spends is 100% (if he chooses to do so).

In practice, performing a double spend against 6 confirmations is exceptionally unlikely. Also, 6 confirmations takes approximately 1 hour, so that makes it a convenient guideline. However, unless you're working with large amounts of coins, 1-3 confirmations is typically just fine, as the chance for an attack to succeed is still rather low and it is not economical for attackers to try and double spend these transactions, since they lose out potential mining rewards by trying to construct a competing blockchain.

Parsons

member

Activity: 69

Merit: 10

6 confirmations used to be normal seems to be getting less and less now. Risk with them I guess..

OsNaP

newbie

Activity: 46

Merit: 0

If I am right, a transaction will be safe from double spending when there are 6-7+ confirmations. On most gambling sites you can withdraw your Bitcoins with 2-3 confirmations, how can this be safe from double spending for gamble site..?

Topic: Withdraw bitcoins from gambling sites (Read 1596 times)