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Bitcoin Casinos Release 2012 Earnings
Posted on 1/22/13 at 1:50 pm
Posted on 1/22/13 at 1:50 pm
Bitcoin Casinos Release 2012 Earnings
I don't know if there's any real interest in this here but I thought I'd post it anyway.
Today's exchange rate weighted average as of typing this: $17.06 (I'll add conversions in bold)
Just thought some of y'all might find it interesting. 2013 is going to see an explosion of bitcoin gambling. Stay tuned!
I don't know if there's any real interest in this here but I thought I'd post it anyway.
Today's exchange rate weighted average as of typing this: $17.06 (I'll add conversions in bold)
quote:
First up is the venerable SatoshiDice, which is the leading bitcoin gambling site in terms of amount wagered. Responsible for more than 50% of daily network volume on the Bitcoin blockchain, SatoshiDice reported first year earnings from wagering at an impressive B33,310 ($568,268 in USD). During the year, players bet a total of B1,787,470 in 2,349,882 individual bets at an average monthly growth rate of 78%. Earnings were calculated from eight months of data covering May to December, 2012.
quote:
Provably-fair bitZino, covered previously in this column, offers blackjack, video poker, roulette, and craps in a bitcoin-only environment. When roulette was launched it quickly rose to become the top bitZino game, leveling off now to become equal with blackjack in terms of hands played. BitZino reported first year earnings from wagering of B10,137 ($172,937 in USD). During the year, players bet a total of B664,192 in 3.2 million individual bets. Earnings were calculated from seven months of data covering June to December, 2012.
Just thought some of y'all might find it interesting. 2013 is going to see an explosion of bitcoin gambling. Stay tuned!
This post was edited on 1/22/13 at 1:59 pm
4
Posted on 1/22/13 at 1:53 pm to WikiTiger
How can I get in on this?
Posted on 1/22/13 at 2:08 pm to WikiTiger
I think I'm just too dumb to understand this whole bitcoin thing, honestly.
Posted on 1/22/13 at 2:14 pm to WikiTiger
What can you purchase with Bitcoins? Is there some type of exchange website where you can trade in Bitcoins for USD?
Posted on 1/23/13 at 6:07 pm to WikiTiger
My biggest issue with Bitcoin is how does it have the potential to become a worldwide currency when the average Joe can't understand it's complexity. You're talking about introducing something really complex filled with uncertainty while compared to the USD, a 5 year old could understand it's value, the same goes with almost any currency around the world. Now I will say there is always uncertainty with almost any currency but do you really expect a young working teenage kid to be able to handle Bitcoins? Maybe I'm over thinking this.
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