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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Bitcoin-based casino rakes in more than $500,00...

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as various tech companies report their fourth-quarter 2012 earnings numbers this week, so are two gray-market, bitcoin-bas...

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techmeme.com 23 Jan '13, 1pm

Bitcoin-based casino rakes in more than $500,000 profit in six months — Sadly, you can't spend actual bitcoins like these ...

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wired.co.uk 23 Jan '13, 12pm

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Bitcoin Casinos Release 2012 Earnings

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(1 votes, average: 5.00 out of 5) One Bitcoin based casino has reported fourth-quarter profits for 2012 of hundreds of tho...