Quote from: DarkStar_ on May 02, 2017, 12:49:32 AM

Quote from: Albert Hamilton on April 29, 2017, 12:27:57 PM

Quote from: RHavar on April 25, 2017, 12:58:22 PM

If you're betting less than that, you're better off playing a traditional 1% casino.

Not really. There are gamblers like me, who'll always prefer risk free on-chain gambling over risky traditional casinos, where site wallet deposit is mandatory.

It's not close to risk free, and offers only slightly lower risk than another BTC casino with off-chain gambling that has the exact same reputation. Both of them you have to deal with the site disappearing, or withdraws not being sent. The only plus (which is very little) is that the time your funds are held on Chain-Bet is generally less.

Quote from: Albert Hamilton on April 29, 2017, 12:27:57 PM

Quote from: RHavar on April 25, 2017, 12:58:22 PM

Although personally I'd be too skeptical to play here. The site is trivial for a miner to profitably (and undetectably) cheat... (and even more so for a mining pool, which can cheat it's miners at the same time if they have to discard a block)

The very concept of miners can cheat profitably this game was debunked long ago. Check this thread for further info - https://bitcointalk.org/index.php?topic=1493510.0.

That thread didn't debunk anything - it just said that miners can't pick the block hash. However, they can still no broadcast blocks that contain a losing hash, and hope to get a winning hash. A bad actor pool might make a large bet on every character except one with a very low (possibly 0) fee. They can than use bitcoind to treat their tx as a 100 BTC fee transaction, so it would be added into the next block the pool finds. They can set it so the pool owner needs to check the block before it's broadcast to the network, and if it is a losing hash, they can chose to withhold the block (screwing the miners, but letting them be more likely to win).

This might be possible but unless this site grows and allows max bets of > 100BTC I don't see anyone trying to cheat this way.

It would be very risky for the pool to perform this and they might end up losing a block as a result of this.