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Money making, bitcoin acquisition, trading bitcoins, bitcoin faucets, gambling bitcoins various articles and various resources.
Monday, September 28, 2015
Martingale Loss Calculator
Hey everyone! Just thought I'd post this application I made. It's a satoushi loss calculator. Just fill in the text fields and run.
Saturday, September 26, 2015
Primedice Betting Strategies
In Primedice you can win a little or win a lot. Same goes for losing. So a lot of people that play either use a bot or have a manual betting strategy. There are auto-betting strategies that work but if you're building from a small amount, those won't work for you.
Before I get into strategies I'll go over how Primedice works.
Kelly Criterion
Wiki
This is a name you may or may not of heard of before, but this was a woman that developed a formula for determining the optimal size of your base bet in a series of bets. So you can use this formula to figure out what your base bet should be when incorporating in with some martingale etc.
Before I get into strategies I'll go over how Primedice works.
This is where you will spend most of your time on Primedice, besides the chat. This is where you can place your bets, all the way up to 20BTC and as low as 1 satoushi. The Payout can go all the way up to 9900x but the odds of you ever hitting that will be slim. As you select your Payout to the right of that it will show your win percentage. To the left you will see whether the roll is over or under. The win percentage can be directly subtracted from 100 to give the under/over roll number. The higher the win percentage the better chances you have of winning. Most online dice games are formulated this way.
To be successful on Primedice your betting strategy will have to incorporate a little of each one of the following betting systems. Take a little bit from each and use it to fit your balance on Primedice.
Don't forget you can use the faucet lists I have provided to collect free BTC from faucets to your FaucetBox account.
Martingale Betting System
So when most people do their bets in manual a lot use the martingale. This is where you double up on your losses until you win, never changing the bet payout or the over/under.Just double up on the loss. Almost everyone has their own style of betting but they almost always incorporate a little martingale in their system.Kelly Criterion
Wiki
This is a name you may or may not of heard of before, but this was a woman that developed a formula for determining the optimal size of your base bet in a series of bets. So you can use this formula to figure out what your base bet should be when incorporating in with some martingale etc.
Labouchère system
Wiki
"The user of such a strategy decides before playing how much money they want to win, and writes down a list of positive numbers that sum to the predetermined amount. With each bet, the player stakes an amount equal to the sum of the first and last numbers on the list. If only one number remains, that number is the amount of the stake. If bet is successful, the two amounts are removed from the list. If the bet is unsuccessful, the amount lost is appended to the end of the list. This process continues until either the list is completely crossed out, at which point the desired amount of money has been won, or until the player runs out of money to wager."Burrell, Brian. Merriam-Webster's Guide to Everyday Math. Merriam-Webster.
Gamblers Fallacy
Wiki
"The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more frequently in the future (presumably as a means of balancing nature). In situations where what is being observed is truly random (i.e.,independent trials of a random process), this belief, though appealing to the human mind, is false. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players." Wikipedia
So after you've gone through all that, and it's a lot to take in. A lot of it talks about roulette etc but the same rules apply to Primedice as well. But you're probably wondering how does this apply to a dice game? Well since you're rolling between .01 and 100 you can tailor your strategy to your betting balance for manual bets, this information can even be used to run an auto-better successfully.
In my next post I'll be talking about how you can build strategies to fit your balance, in the mean time I'll be building some new pages with new faucet lists etc and information on other BTC gambling sites.
Wiki
"The user of such a strategy decides before playing how much money they want to win, and writes down a list of positive numbers that sum to the predetermined amount. With each bet, the player stakes an amount equal to the sum of the first and last numbers on the list. If only one number remains, that number is the amount of the stake. If bet is successful, the two amounts are removed from the list. If the bet is unsuccessful, the amount lost is appended to the end of the list. This process continues until either the list is completely crossed out, at which point the desired amount of money has been won, or until the player runs out of money to wager."Burrell, Brian. Merriam-Webster's Guide to Everyday Math. Merriam-Webster.
Gamblers Fallacy
Wiki
"The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal during some period, it will happen less frequently in the future, or that, if something happens less frequently than normal during some period, it will happen more frequently in the future (presumably as a means of balancing nature). In situations where what is being observed is truly random (i.e.,independent trials of a random process), this belief, though appealing to the human mind, is false. This fallacy can arise in many practical situations although it is most strongly associated with gambling where such mistakes are common among players." Wikipedia
So after you've gone through all that, and it's a lot to take in. A lot of it talks about roulette etc but the same rules apply to Primedice as well. But you're probably wondering how does this apply to a dice game? Well since you're rolling between .01 and 100 you can tailor your strategy to your betting balance for manual bets, this information can even be used to run an auto-better successfully.
In my next post I'll be talking about how you can build strategies to fit your balance, in the mean time I'll be building some new pages with new faucet lists etc and information on other BTC gambling sites.
Wednesday, September 23, 2015
Blockchain Startup Everledger Wins €30,000 at BBVA Competition
Quoting the article from Coindesk:
"London blockchain startup Everledger is the joint winner of BBVA's European Open Talent competition."
"The startup, which uses blockchain technology to tackle diamond fraud and theft, will be awarded a €30,000 prize ($33,939) as well as an invitation to develop a project with the multinational bank."
This could very well bring more value to the bitcoin, as it will basically be working on stabilizing the BTC to make it a more secure currency. Read the article at coindesk here:
"Rounding off the competition series, with previous finals taking place in New York and Mexico DF, Everledger competed against fellow bitcoin and blockchain companies Safello and Vaultoro."
BTC Faucets - Free BTC -
So faucets are basically a website where you can go the you can collect BTC. All you have to do is verify you're not a bot then collect. All the BTC you collect will go to faucetbox account or whatever system you want to use. There are quite a few. I recommend using faucetbox with the faucets i have posted on here as they pay out without any fuss. Faucetbox pays out fairly quickly. Usually within 48 hours of reaching your threshold.
All of these faucets I have just listed are great faucets that I use everyday to make a little extra btc, it's not hard to bring in an extra 100,000 satoushi an hour with this list. Especially on the Rolling faucet which you can claim every 5 minutes. There are a few other 5 minute ones and a few 15 minute faucets, and all of them are through my ref id, so be sure to visit through the links I have posted :).
Sunday, September 20, 2015
Dyborgs Bot
Dyborgs bot is available at http://dyborg.cf/
Saturday, September 19, 2015
Primedice - Free BTC to play with NO LIMIT -
Hello everyone, this is my first blog post here and I wanted to talk about a site I've been on for a while. It's called Primedice, it's a BTC gambling website. It's a dice game that you can pick your odds in, ranging from 0-100. I usually do x1.4, x1.3, switching between under and over. At a 70% win chance it doesn't work out to bad.
A lot of people don't like to gamble but on PD you can do fairly well, I've seen it happen and it's happened to me. Now I don't want to make this seem like some get rich quick or anything because at first playing off the faucet is hard and it takes a little while to build it up. Mine is at around 2000 satoushi every 3 minutes. 2000 sat or .00002000 BTC doesn't seem like much but you can build that into quite a bit fairly fast depending on how you bet.
Registration is no hassle, no credit-card or anything like that required. You don't even need your really name on there, it's all just usernames and that's it. But the best this about it is that it come with a built in faucet, so if you run out of btc to be you can claim more. There's a level system to, the higher power level you are the more you can clain from faucet. Up to a max of 10,000 satoushi at max level. Its pretty easy to take that and turn it into 20 or 30 dollars worth of BTC in a day or so with reasonable bets. Be sure to click the lick below and give it a try. I mean you could win.
In my next post I'll talk about some of the automated betting bots you can use with primedice. I will also provide the links to several bots you can run outside of your browser. Well expect a lot more about PD in my next post, I'll also talk various strategies and setting for the auto-betters.
A lot of people don't like to gamble but on PD you can do fairly well, I've seen it happen and it's happened to me. Now I don't want to make this seem like some get rich quick or anything because at first playing off the faucet is hard and it takes a little while to build it up. Mine is at around 2000 satoushi every 3 minutes. 2000 sat or .00002000 BTC doesn't seem like much but you can build that into quite a bit fairly fast depending on how you bet.
Registration is no hassle, no credit-card or anything like that required. You don't even need your really name on there, it's all just usernames and that's it. But the best this about it is that it come with a built in faucet, so if you run out of btc to be you can claim more. There's a level system to, the higher power level you are the more you can clain from faucet. Up to a max of 10,000 satoushi at max level. Its pretty easy to take that and turn it into 20 or 30 dollars worth of BTC in a day or so with reasonable bets. Be sure to click the lick below and give it a try. I mean you could win.
In my next post I'll talk about some of the automated betting bots you can use with primedice. I will also provide the links to several bots you can run outside of your browser. Well expect a lot more about PD in my next post, I'll also talk various strategies and setting for the auto-betters.
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