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Bitcoin Dice: A Dice Game Revolution

George Miller

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Bitcoin Dice: A Dice Game Revolution
Reading Time: 2 minutes

 

Bitcoin dice games are probably the most popular Bitcoin powered casino games in existence at the moment. Bitcoin dice was first invented by one of the first Bitcoin casinos to appear, SatoshiDICE.

Bitcoin dice is a very innovative and exciting game, that cryptocurrency gamblers are enjoying playing at the moment. There are thousands of different combinations which can appear whilst playing Bitcoin dice, whereas traditional dice games only feature six numbers to choose from and is not played based on blockchain, like Bitcoin Dice is. Still the probability of dice rolls in a classic dice game applies to all dice related games, including bitcoin dice games. Dice games have always been popular in many forms, so it is no surprise Bitcoin versions of the games are making waves.

This fantastic cryptocurrency game is very simple to play and that is partly what makes it so attractive. It has an easy to understand layout and learning how to play the game is not difficult at all. These dice games have a low house edge, that usually stands at around 1-2%. Rolls are very quick, and the player receives instant feedback. The sites that let you play these games enable the player to choose a precise win percentage and then they have a variable reward, another reason they have become so popular. It is the most simple, raw form of gambling you will find, you pick a number and place your bet.

There are many different strategies that Bitcoin dice players can choose to implement, many similar to traditional forms of gambling strategies. A common bitcoin gambling strategy is the well know Martingale strategy. This involves betting on something that will double your bet, then if it loses simply doubling your stake on your next bet, then if you win go back to your original wager amount and if you lose then double it again. The plan seems simple; however, it often bankrupts players as even if you have just lost 10 times in a row, your chance of winning the next time doesn’t actually increase, it’s exactly the same every single time and you can end up risking hundreds or thousands of dollars to win one dollar back.

Another well-known method is the Paroli system, which actually increases the stake when a win occurs. This is used by some Bitcoin players on popular sites such as PrimeDice. You would double your wager after a win, reset after a loss and reset after 3 wins. There are many other gambling strategies that can be used, that should be researched before using and the player should understand the risks.

Cryptocurrency betting is becoming a big deal and has actually earned more than 3.7 million Bitcoin in just 3 years. This year saw a massive win on popular site Cloudbet of 160 Bitcoin, which is around $255,000. Furthermore, there are some who estimate profits from established bitcoin sites to be in excess of $19.3m.

Bitcoin dice is becoming increasingly popular and can be played on many sites now such as top ones like Betchain, SatoshiDice, bitStarz and Cloudbet.

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Iranian Government Proposes for New Cryptocurrency Mining Regulations

Niji Narayan

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Iranian Government Proposes for New Cryptocurrency Mining Regulations
Reading Time: < 1 minute

 

The Cabinet of Iran has proposed for new cryptocurrency mining regulations in Iran, which include annual licensing for cryptocurrency miners.

Based on the proposal, licensed and registered cryptocurrency miners will be required to submit information such as their list of business activities, the predicted value of their investments, current employment status, rental agreements for the space itself, value of their mining equipment and the duration of the mining project. The license will need to be renewed every year.

The Iranian mining industry has grown dramatically over the past two years. One anonymous source in Tehran told CoinDesk that most miners he knows are “under the radar” and import equipment through the black market, without paying taxes.

The Central Bank of Iran finally recognised the grassroots industry and promised a lawful licensing procedure in July 2019. The pending proposal was approved by Reza Rahmani, Iran’s Minister of Industry, Mine and Trade. The Iranian mining licenses would only apply to miners with equipment that requires 30 kilowatts, which might exclude homemade mining equipment or small operations.

“It’s obvious that the power industry here in Iran, it’s not a private business, it’s from the government. They need to figure out how to balance mining [operations] so that they wouldn’t harm the power grid. If there’s a constant, a continuous consumption of electricity you can also make new power plants or assign power plants to this,” an anonymous source said.

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Bitcoin

Bitcoin Confirmed As New Sleeve Partner of Watford FC

George Miller

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Bitcoin Confirmed As New Sleeve Partner of Watford FC
Reading Time: 2 minutes

 

 

The Bitcoin logo will appear on the shirt sleeve of Watford FC this season, as part of an educational drive led by the innovative sports betting brand Sportsbet.io.

The logo is part of a wider campaign to improve awareness around Bitcoin and educate the public on the benefits of using cryptocurrencies.

It is led by Watford FC’s primary shirt sponsor, Sportsbet.io, which announced a landmark deal with the Hornets team in June.

Justin Le Brocque, Head of Marketing at Sportsbet.io, said: “The crypto community have been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.”

The sponsorship will be crowd-funded, allowing anyone who holds Bitcoin the exclusive opportunity to share in the perks granted to Watford FC sponsors. Contributors can bid for public LED space shown live during matches, use of the Bitcoin box for eight people and exclusive Watford FC merchandise.

“Some of the biggest challenges we and others like us face is raising awareness, dispelling common myths around cryptos and educating the public on the advantages and opportunities presented by cryptocurrencies,” added Le Brocque.

“Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo we hope this world’s first partnership will create even more buzz around cryptocurrencies.”

Scott Duxbury, Hornets’ Chairman & CEO, added: “Placing the Bitcoin logo on a Premier League shirt is something that challenges the accepted norm. We’re excited about the partnerships and the potential for new global conversations that it could help start for our club.”

To celebrate the Bitcoin sponsorship with all Bitcoin holders, Sportsbet.io is also giving away a 2 mbtc Free Bet to all Sportsbet.io players if Watford scores against Arsenal this coming Sunday. More information on the amazing offer can be found https://sportsbet.io/promotions/free-bet-giveaway.

Last month, Sportsbet.io announced a pioneering three-year partnership with Watford, marking the first time a company known for blockchain and cryptocurrency expertise had appeared on the front of a Premier League shirt.

The announcement was accompanied by the launch of Sportsbet.io’s ‘Know No Borders’ campaign, which highlights the brand’s commitment to putting players at the heart of the action, no matter their country, sport, team or currency.

Sportsbet.io accepts a range of fiat and cryptocurrencies, including Bitcoin, to deliver the very best in fun, fast and fair gaming.

To get involved, all you need to do is visit the site http://bitcoin.watfordfc.com.

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Bitcoin

CEEGC2019 Budapest – Speaker Profile: Max Krupyshev, CEO at CoinsPaid

Zoltan Tundik

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Reading Time: 2 minutes

 

CEO of fast-growing Cryptocurrency Processing Provider to join the payment related panel discussion at CEEGC 2019.

As mentioned earlier, at CEEGC2019 we are putting together a debate about Payments, Fintech, and Blockchain with an emphasis on the changes that have occurred in the past 2 years.

The panel discussions will take place during the 2019 edition of CEEGC Budapest, and has been strategically titled as “2-year revision – Payments, Fintech and Blockchain”.

Among the experts of the panel discussion, you have the opportunity to catch up and hear more about cryptocurrencies and blockchain in the online gambling industry from a leading expert, Max Krupyshev, CEO at CoinsPaid.

Secure your seat now!

About Max Krupyshev

Max has a Bachelor’s degree in Physics and a Master’s in Business Administration.

Max heard about Bitcoin for the first time in late 2013 right after completing his Master’s degree in Management. Max was immediately inspired by the innovative and disruptive technology behind Bitcoin and quickly made a name for himself in his local Bitcoin community in Kiev.

Eventually, Max’s passion for Bitcoin drove him to co-found a Kiev-based software development studio and to found the Bitcoin Foundation Ukraine and Satoshi Square Kiev. Max has worked for one of the biggest Bitcoin Cloud mining platforms prior to becoming Product Manager and later Head of Crypto Business at Cubits.

After a tragic Cubits shut down, Max was invited to obtain the CEO position at coinspaid.com. Coinspaid is a fast-growing Cryptocurrency Processing Provider for an online business.

Make sure that you are among the delegates of CEEGC Budapest this year for a new and engaging format that is going to increase the engagement and interaction of the attending delegates.

Register here or View the Agenda!

Browse the official event website for more details: www.ceegc.eu

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