Post
Topic
Board Gambling
Re: Chain-Bet.com - Win 16x - 0% House Edge - Provably Fair
by
adaseb
on 19/04/2017, 23:15:03 UTC
Due to increase in average cost of confirming a Bitcoin transaction, we are hereby increasing transaction processing fee from 0.0002 BTC to 0.0004 BTC. We understand, this might impact small bet amounts, but to ensure faster processing of bet forwarding Tx and winning amount sending Tx, we had no other way. Sorry for the inconvenience caused.

https://twitter.com/Chain_Bet_/status/854662731085078528

This move may turn off gamblers betting less than 0.001 BTC. Otherwise, it is good for us as bet processing has become pretty fast now.

Basically betting less than 0.001BTC is never a good idea if its onchain. Its not good for the gambler or the gambling site he is using. My advice is to move to a different coin like Litecoin or Ethereum where the fees don't make up a huge percentage of the overall bet value.