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Showing 20 of 126 results by Albert Hamilton
Post
Topic
Board Politics & Society
Re: Online Dating
by
Albert Hamilton
on 15/01/2018, 14:58:29 UTC
i think our opinion does not really matter. The market dictates it s a major success.
In 50 years online dating will be thought of as the main mating order
Post
Topic
Board Beginners & Help
Re: How can I buy bitcoin using dollar
by
Albert Hamilton
on 15/01/2018, 14:14:37 UTC
LocalBitcoins or a legitimate centralized exchange (i.e Coinbase) will be a good start.
Post
Topic
Board Meta
Re: Urgent: Business account with green trust has been stolen
by
Albert Hamilton
on 06/09/2017, 21:12:34 UTC
Post the signed message and the source of the address (link to where you have posted it) here. If it verifies, I will tag the account until it has been recovered.
Looking at Meta, it seems like multiple accounts have lately been stolen. Those, who are signing message for recovery, probably need their account to be recovered fast, instead of -ve trust. If theymos & Cyrus are busy, why not more global mods are being given this responsibility?
Post
Topic
Board Gambling
Re: Chain-Bet.com - 15x Winning | On Chain | Provably Fair
by
Albert Hamilton
on 22/06/2017, 23:41:03 UTC
Quote
Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all Smiley But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number Smiley

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak Cheesy

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

Who said anything about it being easy to cheat?

You. Here...

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).
Post
Topic
Board Gambling
Re: Chain-Bet.com - Win 16x - 0% House Edge - Provably Fair
by
Albert Hamilton
on 29/04/2017, 12:27:57 UTC
Just for everyone too lazy to do the maths, if you are betting > 0.04 BTC per bet, this site offers better odds.
That's why I said...
I can foresee that in future chain-bet.com may turn into a temple for high rollers.

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.

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.
Post
Topic
Board Gambling
Re: Chain-Bet.com - Win 16x - 0% House Edge - Provably Fair
by
Albert Hamilton
on 25/04/2017, 11:21:17 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.
I don’t think so it is just a 0.0002 increase after all, I mean it is not per bet increase neither just a transaction fee increase. Considering 0.0002 is just 25 cents it is not that much to consider when you are gambling. If you are worrying about a 25 cent increase than you shouldn’t be gambling anyway.

Actually it depends on the bet amount of the gambler. For a bet amount less than 0.001 BTC, a 0.0004 BTC flat deduction is huge. But, for high rollers, it does not matter, because they are enjoying the 0% house edge, which is a privilege they wont get anywhere else. I can foresee that in future chain-bet.com may turn into a temple for high rollers.
Post
Topic
Board Gambling
Re: Chain-Bet.com - Win 16x - 0% House Edge - Provably Fair
by
Albert Hamilton
on 19/04/2017, 19:03:19 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.
Post
Topic
Board Gambling
Re: Chain-Bet.com - Win 16x - 0% House Edge - Provably Fair
by
Albert Hamilton
on 08/03/2017, 12:32:08 UTC
I can't open this site..
work now?

Working fine at my end. May be they had some temporary issue.
Post
Topic
Board Gambling discussion
Re: The best dice site?
by
Albert Hamilton
on 08/02/2017, 13:36:27 UTC
my suggestion is Bitsler.com (with 1% house edge)

my suggestion is https://www.chain-bet.com (with 0% house edge) Smiley

I want to play for fun in my free time?
Yes,there you go : http://www.coolmath-games.com/

WoW... this is fantastic. Thanks for providing this great link Wink
Post
Topic
Board Mining (Altcoins)
Re: With FPGA mining, are we entering a new era of Zcash?
by
Albert Hamilton
on 11/01/2017, 17:20:02 UTC
If I had FPGA miner that worked I would tell no one .. I would just mine with it.

So why did they claim to have one?

Why does BitFury claim to have 16nm?
Post
Topic
Board Gambling
Re: 🌟2016's Best Bitcoin Gambling Site Award!🌟
by
Albert Hamilton
on 26/12/2016, 11:42:31 UTC
Why Chain-Bet.com is not in the list?

Because no one requested it, we don't actively search for websites people must submit a request for them to be added.

Ok. I'm hereby requesting it to be added in the poll.

Here is the official thread - https://bitcointalk.org/index.php?topic=1492457.0
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Topic
Board Gambling discussion
Re: Anyone tried Chain-Bet.com?
by
Albert Hamilton
on 23/12/2016, 22:13:06 UTC
I came across a pretty new gambling game called https://www.Chain-Bet.com in another thread. They seems to be on chain and using the last digit of a block hash as random number. Have anyone here tried this so far ? Would like to have some feedback before I start playing there.

This game has brought in a fantastic concept to the bitcoin gambling industry. Moreover, it is probably the only honest 0% house edge game running for so long...
Post
Topic
Board Gambling
Re: 🌟2016's Best Bitcoin Gambling Site Award!🌟
by
Albert Hamilton
on 14/12/2016, 16:52:23 UTC
Why Chain-Bet.com is not in the list?
Post
Topic
Board Bitcoin Discussion
Re: Now you can have anonymous throwaway virtual VISA cards instantly with Bitcoin
by
Albert Hamilton
on 29/11/2016, 14:08:41 UTC
It would be great if it were accessible through URL from any browser.
Post
Topic
Board Gambling discussion
Re: On BitcoinBetting.website someone converted 0.0998 BTC to 1.5968 BTC!
by
Albert Hamilton
on 09/11/2016, 23:44:35 UTC
I might will try to guess 15 number / character at one transaction , is it possible btw?
According to their FAQ...

Quote
3. Can I generate multiple addresses and send bitcoins to them in a single transaction?

No. Only the amount sent to the first address generated will be considered as bet and all other amounts sent in that transaction will be considered as donation.

So, u can not place bets in one Tx to multiple addresses, but can send multiple Tx to multiple addresses.
Post
Topic
Board Gambling discussion
Re: Which gambling sites have 0% house edge?
by
Albert Hamilton
on 03/11/2016, 17:09:24 UTC
In general the concept on 0% house edge technically does not exist. The site owners and the affiliates are running a business and the house edge is the method by which they earn profits from the players.

If there was no method to fund the owners then the latter would go bankrupt and then the site/casino would not exist. Hence most sites who claim a 0% house edge are scammers, in general.

Not true and this was discussed many times here before. The casinos don't need 0% house edge to make money. The casinos make money because of human emotion, greed, and fear. Only reason most Casinos don't have 0% house edge is because there would be too many bots, and the bots they couldn't beat since computers don't feel emotion.

This is a great explanation of why 0% house is rational. Once, the 15%-20% house edged FIAT gambling sites tried to put 1%-5% bitcoin gambling sites under bad light. Now, these 1%-5% bitcoin gambling sites are trying to put 0% blockchain betting sites under bad light. Time is changing... Smiley
Post
Topic
Board Securities
Re: Will you invest in BitcoinBetting.website bankroll?
by
Albert Hamilton
on 15/10/2016, 21:34:57 UTC
Anyway, investing money in bitcoinbetting.website sounds like a horrible idea, even if you were doing it for gambling purposes. The whole point of investors is that you can offer bigger max wins, but as soon as bitcoinbetting.website max-win is > ~13 BTC, now miners can actually start to cheat on the website, and undetectably rip you off. The only thing that makes the site reasonably secure, is the prizes are small

Nopes. Whatever be the max-win, miners can not cheat without risking 12.5 BTC loss at their end. It has been thoroughly discussed in this thread - https://bitcointalk.org/index.php?topic=1493510.0 and this guy has summed it up pretty well...

I think the "threshold" for risking losing 99.99% of earning 12.5 BTC is a gamble of how many percent of their hashpower is to the total network of about double or triple. Or 25 BTC. Or more.

No miner in his right mind will give up the current block reward for anything less than double or triple that. I think no miner would give up 12.5 BTC unless the gamble has a higher than 50% chance of earning 25 BTC, or a higher than 75% of earning 50 BTC (if the bet or prize gets that big).

Now if the last digit of a block hash is used in conjunction with a secret, then the website owner would have to collude with a large or strong miner or a pool.

Currently, there is no known single pool or sufficiently large solo miner that has the hashpower to even consider this kind of attack, plus it is a gamble, so why would they do it?

So, the winning amount, i.e. 16 BTC, is more than a block reward, i.e. 12.5 BTC. Do u think, miners may hold a block now if they place 1 BTC bet with a wrong choice? Appears impossible to me...

Nope. Too risky for a winning amount that small. I'd rather take the 12.5 BTC because I have that now. (not even guaranteed).
Post
Topic
Board Securities
Re: Will you invest in BitcoinBetting.website bankroll?
by
Albert Hamilton
on 15/10/2016, 11:54:35 UTC
I definitely would not, as I am expected to make absolutely no profit. I have investments in BitVest.io, Crypto-Games.net and BetKing.io because those games operate on a house edge, and I am expected to make a profit. Those games also have more volume as well, so profits would be more stable or losses would be lowered. By investing into a game with no expected profit, I'm exposing myself to more risk, for less reward.
I think, u r mistaken. This guy has summed it up pretty well...

Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...

i don't think so.

because people usually don't use good strategies and they are wasting their money in most of these gambling sites.

for example i have seen new dice sites that start off with a 0% house edge and there aren't that many winners on the site to win and bankrupt the casino.

house edge is like a guarantee in my opinion.

and also add to this, the fact that a lot of the gamblers will continue gambling when they win and if a losing streak hits them they lose all they have won so far.

If u still disagree, u may place bet and try to loot the bankroll of www.bitcoinbetting.website to get the hands on experience. Smiley
Post
Topic
Board Securities
Re: Will you invest in BitcoinBetting.website bankroll?
by
Albert Hamilton
on 14/10/2016, 10:56:50 UTC
The board looks interesting. It is full of loss! Wink
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Topic
Board Gambling
Re: girlbtc.com------Round 11---0 house edge-----------block #433500
by
Albert Hamilton
on 19/09/2016, 16:34:54 UTC
this game is house free



we are coding it and make it running with big players ,like 10btc 100btc 1000btc per bet ,and thx
There is already a blockchain based gambling game with 0% house edge running at www.bitcoinbetting.website. There is also thorough technical discussion available regarding the blockchain verified randomness of the game - https://bitcointalk.org/index.php?topic=1493510.0. Instead of that, why should I trust your game that requires trust to be placed on u?