Quote from: Jeweller on June 25, 2013, 04:00:03 PM

Dooglus, great idea, great site. I guess this is the inevitable result of watching S.Dice closely for a year, scratching your head, and finally going, well gee, if this made 70K BTC, I could do that...

It's the result of seeing s.dice, thinking immediately "I could do that, only I'd let the players invest" then sitting around scratching my ass for a year and doing nothing about it. Then seeing a comment on the PrimeDice thread from Zaih when Stunna lost a bunch in the first few days, offering the site an interest free loan, and thinking "if people are willing to offer interest-free loans, maybe they'll go for investing in a dice site bankroll for a cut of the profits. So I got coding.

Quote from: Jeweller on June 25, 2013, 04:00:03 PM

I invested a couple BTC, and the 'house is up' number promptly went down! I thought there was a 1% house edge!!
(I know, just kidding. Investing is also gambling in a way, huh. Just a bit surprising how quickly it dropped 4 BTC. Someone got lucky... and it wasn't me. Yet.)
(Then I started thinking, well it's up about 3% and it should only be up 1%, so I shouldn't invest until... no wait, that's just a fallacy in reverse... etc)

It got worse after that. Look at this very successful martingale sequence:

Quote

#2933317: 0.00001 BTC @ 12.375% -0.00001000
#2933343: 0.00002 BTC @ 12.375% -0.00002000
#2933368: 0.00004 BTC @ 12.375% -0.00004000
#2933394: 0.00008 BTC @ 12.375% -0.00008000
#2933417: 0.00016 BTC @ 12.375% -0.00016000
#2933666: 0.00032 BTC @ 12.375% -0.00032000
#2933694: 0.00064 BTC @ 12.375% -0.00064000
#2933725: 0.00128 BTC @ 12.375% -0.00128000
#2933751: 0.00256 BTC @ 12.375% -0.00256000
#2933781: 0.00512 BTC @ 12.375% -0.00512000
#2933808: 0.01024 BTC @ 12.375% -0.01024000
#2933850: 0.02048 BTC @ 12.375% -0.02048000
#2933879: 0.04096 BTC @ 12.375% -0.04096000
#2933912: 0.08192 BTC @ 12.375% -0.08192000
#2933935: 0.16384 BTC @ 12.375% -0.16384000
#2933970: 0.32768 BTC @ 12.375% -0.32768000
#2933993: 0.65536 BTC @ 12.375% -0.65536000
#2934019: 1.31072 BTC @ 12.375% -1.31072000
#2934235: 2.62144 BTC @ 12.375% 18.35008000

Quote from: Jeweller on June 25, 2013, 04:00:03 PM

I wonder about the 0BTC bets. I guess it's a cool advertising feature so that people can try it out before putting real BTC in, but what if you start getting thousands of 0-bets a second? As an "investor" I'd like to know a little more about scaling / anti-DDOS stuff. Also will the 1% of 1% be enough to fund the server? And your time? I hope so.

The 0-bets seem to be attractive for some of our biggest bettors. They roll a bunch of 0 bets until the numbers look right, then make a big bet. You can argue that the 0-bets don't change their odds of winning, and I would, but it does actually make a difference. The nonce determines the roll, and 'wasting' some by rolling zeroes changes the nonce. It's just that you never know which ones are going to be the 'good' rolls until you see them. Either way, I think it's a good feature to offer, since players feel it adds value even if it doesn't.

The server is nowhere near capacity, and handles many bets per second with ease. If zero-bets become a problem, I already have code in place to delay bets according to their size. It's just not enabled yet, because it's not needed.

I don't know if the 1% of 1% will even be enough to cover server costs. It depends on the bet volume (and luck). I can cover the costs of running the site until it becomes clear whether the commission is going to be enough. And if it isn't, I'll increase the commission rate until it is. Some investors may chose to pull out if the commission rate rises, but I don't think that will be a problem. We have a LOT of investment already.

Quote from: Jeweller on June 25, 2013, 04:00:03 PM

I'll probably just invest it, and don't particularly need the extra 0.01, but if you're still handing them out, can't really say no!
user:Jeweller ID:2090

I'm going to go through the thread later and gather all the dust-requests at one time. I'll do yours then.

Thanks for investing.

And sorry about the recent bad luck!