22 Jan '13, 4pm

Bitcoin Casinos Release 2012 Earnings

Bitcoin Casinos Release 2012 Earnings

With servers based in Ireland and operated by Erik Voorhees, SatoshiDice is considered a blockchain-based betting game and it is self-described as the “most popular Bitcoin game in the world.” Similar to random number generation, the site uses a method to produce a number between 0 and 65,535 which is then wagered on by making a bitcoin transaction to one of the static addresses representing different payouts. The odds are calculated to give the house an edge of 1.90% with full transparency because all dice rolls and earnings statistics are verifiable using the blockchain.

Full article: http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin...

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Bitcoin Casinos Release 2012 Earnings

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