Bitcoin-based casino rakes in more than $500,000 profit in six months

arstechnica.com 23 Jan '13, 12am

Bitcoin-based casino rakes in more than $500,000 profit in six months

Sadly, you can't spend actual bitcoins like these (non-digital ones) at a digital casino. CASASCIUS As various tech companies report their fourth-quarter 2012 earnings numbers this week, so are two gray-market, Bitcoin-based casinos —and one is turning profits in the hundreds of thousands of dollars after only six months of being in business Recently, both SatoshiDice and bitZino released their financials . If these self-reported earnings are to be trusted (and the companies say they are, given that a Bitcoin block chain can be read by anyone), then running a Bitcoin-based casino yields a tidy profit. “These tiny startups are hitting some major online casino pain points, they're crushing it on those fronts and as an entrepreneur, I think that's rad—they are leveraging a disruptive technology to try and kick a large-scale industry in the balls,” said Peter Vessenes, the CEO...

Full article: http://arstechnica.com/business/2013/01/bitcoin-based-cas...

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@kiyanwang » 29 Jan '13, 4pm
RT @prototypo: Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@YourLocalGP » 29 Jan '13, 3am
@iandeeley Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica [link]
@sbeam » 28 Jan '13, 2pm
some Bitcoin casinos are doing kinda OK. Reason to feel bullish about BTC long-term? [link]
@StanleyEpstein » 28 Jan '13, 10am
Bitcoin-based casino rakes in more than $500,000 profit in six months [link] #bank #citadv
@skolima » 28 Jan '13, 9am
Using Bitcoins to (again!) route around US law restrictions, this time - a successful web casino. [link]
@DuaneRoberts » 27 Jan '13, 2pm
I feel a shut down coming. --> Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@PlanBnB » 26 Jan '13, 11pm
Bitcoin-based casino rakes in more than $500000 profit in six months: CASASCIUS. As various tech companies repor... [link]
@wwdt4h » 26 Jan '13, 10pm
RT @DLSPCDoctor: Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica: [link] via @AddThis
@DLSPCDoctor » 26 Jan '13, 10pm
Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica: [link] via @AddThis
@BitcoinOz » 26 Jan '13, 9pm
Bitcoin-based casino rakes in more than $500000 profit in six months: CASASCIUS. As various tech compan... [link] #bitcoin
@CryptoCurrent » 26 Jan '13, 6pm
Bitcoin-based casino rakes in more than $500000 profit in six months [link] #cryptocurrent
@jalfez » 26 Jan '13, 1pm
Bitcoin-based casino rakes in more than $500,000 profit in six months [link] #tecnologia
@AllBTC » 25 Jan '13, 9pm
RT @HiddenBitcoin: RT @AllBTC Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica [link]
@mikearchy » 25 Jan '13, 7pm
RT @YALiberty: "Bitcoin-based casino rakes in more than $500,000 profit in six months." [link] | #yal #tlot #tcot @mercatus
@YALiberty » 25 Jan '13, 7pm
"Bitcoin-based casino rakes in more than $500,000 profit in six months." [link] | #yal #tlot #tcot @mercatus
@NoahJS » 25 Jan '13, 5pm
Ha good times, Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@jmacdonald » 25 Jan '13, 12pm
RT @robgibo: @jmacdonald bitcoin disrupting casinos? [link]
@robgibo » 25 Jan '13, 12pm
@jmacdonald bitcoin disrupting casinos? [link]
@badisalam5 » 25 Jan '13, 1am
RT @AllBTC Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica [link]
@TheNateDawg » 24 Jan '13, 4pm
#Bitcoin-based casinos are raking in the virtual coins: [link]
@gdebutler » 24 Jan '13, 4pm
Les casinos en ligne qui utilisent la monnaie digitale BitCoin se frottent les mains. [link]
@j_arthur_bloom » 24 Jan '13, 3pm
But don't they know online gambling is banned? [link]
@PoliticalLogic » 24 Jan '13, 3pm
RT @the_producer14: Bitcoin-based casino rakes in more than $500,000 profit in six months | Ars Technica [link]
@Jakewk » 24 Jan '13, 6am
RT @tguemes: Still fascinated by the Bitcoin economy: "Bitcoin-based casino rakes in more than $500,000 profit in six months"[link]
@AdrianManswell » 24 Jan '13, 5am
RT @SocialMedia_NZ: #BitCoins: An interesting new currency we'll be keeping tabs on in 2013 [link]
@diaffalo » 24 Jan '13, 1am
Bitcoin-based casino rakes in more than $500,000 profit in six months [link] via @prismatic
@SocMedColl2012 » 23 Jan '13, 10pm
The Casino Of The Future May Pay Out In Bitcoin [link] via @Digg
@SocialMedia_NZ » 23 Jan '13, 10pm
#BitCoins: An interesting new currency we'll be keeping tabs on in 2013 [link]
@Full_Duplex » 23 Jan '13, 8pm
@rend_plus_plus Check this on arstechnika [link] #bitcoin #satoshidice
@ivivekkm » 23 Jan '13, 7pm
RT @pranesh_prakash: MT @TimHarford: #bitcoin casino reports fast growing profits. [link]
@pranesh_prakash » 23 Jan '13, 6pm
MT @TimHarford: #bitcoin casino reports fast growing profits. [link]
@joshjones141 » 23 Jan '13, 6pm
RT @TimHarford: BitCoin casino reports fast growing profits. #endofdays [link]
@TimHarford » 23 Jan '13, 6pm
BitCoin casino reports fast growing profits. #endofdays [link]
@attack_destroy » 23 Jan '13, 6pm
“@manusporny: Bitcoin-based casino rakes in over $500K in profits over 6 months: [link] /via @koalie #bitcoin @adamkokesh
@nslotterback » 23 Jan '13, 6pm
Virtual currency casinos are raking in real money. [link]
@rzeransky » 23 Jan '13, 5pm
[link] Dear traditional currency - you served well but it's time to retire.
@punkvictorian » 23 Jan '13, 5pm
The Casino Of The Future May Pay Out In Bitcoin: As various tech companies report their fourth-quarter 2012 earnings... [link]
@sxren » 23 Jan '13, 5pm
RT @manusporny: Bitcoin-based casino rakes in over $500K in profits over 6 months: [link] /via @koalie #bitcoin #payswarm
@manusporny » 23 Jan '13, 5pm
Bitcoin-based casino rakes in over $500K in profits over 6 months: [link] /via @koalie #bitcoin #payswarm
@SamuelBrobert » 23 Jan '13, 5pm
RT @Logan_Spears : Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@articlethree » 23 Jan '13, 5pm
The Casino Of The Future May Pay Out In Bitcoin [link]
@joshuahoover » 23 Jan '13, 4pm
Looks like @brian_curtin is at it again. Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@SidM » 23 Jan '13, 4pm
Not chump change: Bitcoin-based casino rakes in more than $500,000 profit in six months @crkmnstr [link]
@winguero » 23 Jan '13, 3pm
Bitcoin-based casino pulls in a half millon actual dollars in profit in six months [link]
@eirepreneur » 23 Jan '13, 3pm
SatoshiDice (servers based in Ireland) and bitZino are making waves in the grey-market gambling world [link] #bitcoin
@Marc_Mattox » 23 Jan '13, 3pm
RT @lord_nolan: Bitcoin-based casino rakes in more than $500,000 profit in six months [link] #bitcoin @Marc_Mattox #kickass
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@paesean » 23 Jan '13, 2pm
RT @ryandickherber: Bitcoin-based casino rakes in more than $500,000 profit in six months [link]
@mitc0185 » 23 Jan '13, 2pm
It starts with the vices [link] #bitcoin
@scroll » 23 Jan '13, 2pm
Bitcoin-based casino rakes in more than $500,000 profit in six months [link] attn. OLG