24 Jan '13, 5am

Bitcoin casino on track to earn nearly one million per year

Bitcoin casino on track to earn nearly one million per year

Definitely one way to experiment with your current supply of bitcoins, at least one bitcoin-accepting casino is hauling in tons of the virtual currency. Covered by Arstechnica this week, bitcoin-accepting casino SatochiDice appears to be pulling in significant profits from a popular online betting game that utilizes random number generation. Specifically, SatochiDice posted a profit of 33,310 bitcoins between May 1, 2012 and December 31, 2012. At the current value of $18.20 per bitcoin, that’s a total profit of approximately $600,000. Over the next twelve months, the SatochiDice analysis estimates that the total profit over the next twelve months will total 50,596 bitcoins. Assuming bitcoin value stays the same, that’s approximately $920,000 in profit. However, the dollar exchange value of a bitcoin is completely dependent on the market and can shift significantly over tim...

Full article: http://www.digitaltrends.com/web/bitcoin-accepting-casino...

Tweets

Bitcoin-based casino earns nearly $600,000 prof...

techspot.com 23 Jan '13, 7pm

Here’s a statement that should come as a shock to nobody: online casinos are just like their real-life counterparts with r...

Online Casino Makes Over 500K, Skirting Laws With Legally ‘Gray’ Digital Currency, BitCoin

Online Casino Makes Over 500K, Skirting Laws Wi...

techcrunch.com 23 Jan '13, 7pm

Online casinos are finding a second chance at life thanks to an alternative digital currency known as Bitcoin. Bitcoins ar...

Bitcoin soars through $20. You can earn some at

piratemyfilm.com 01 Feb '13, 12pm

View Projects By Frozen Yellow Light Yellow Light Green Light % Funded All Funds Needed Funds Reserved PMF Fund Rating Mem...

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

mukpin.com 24 Jan '13, 1am

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

Bitcoin casino makes $500,000 in six months: Bi...

news.techeye.net 23 Jan '13, 10am

Bitcoin casinos seem to be making a killing. SatoshiDice and BitZino recently released their earnings reports and they sug...

Bitcoin-based casino rakes in more than £300,000 profit in six months

Bitcoin-based casino rakes in more than £300,00...

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

As various tech companies report their fourth-quarter 2012 earnings numbers this week, so are two grey-market, Bitcoin-bas...

Bitcoin Casinos Release 2012 Earnings

mukpin.com 23 Jan '13, 5am

it is earnings season on wall street and it is reporting season for some of the leading bitcoin casino operators. three si...

Bitcoin: The $200 Million Currency, Once Again #bitcoin

Bitcoin: The $200 Million Currency, Once Again ...

thebitcointrader.com 26 Jan '13, 9pm

On January 24th, Bitcoin broke through $19.00, a price not paid for a Bitcoin since July of 2011. Over 24 hours, 160,000 B...

Bitcoin Casinos Set to Flourish - Online Casino Archives #bitcoin

Bitcoin Casinos Set to Flourish - Online Casino...

onlinecasinoarchives.com 26 Jan '13, 11am

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

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

arstechnica.com 23 Jan '13, 12am

Sadly, you can't spend actual bitcoins like these (non-digital ones) at a digital casino. CASASCIUS As various tech compan...

Bitcoin-funded online casino turned a $572,000 ...

theverge.com 23 Jan '13, 3pm

BitZino, another online Bitcoin-based casino that offers more traditional games like Blackjack, Roulette, and Craps, didn'...

Bitcoin casinos report large profits

Bitcoin casinos report large profits

boingboing.net 23 Jan '13, 5pm

SatoshiDice, which has servers based in Ireland, is a pseudo-random number generator game where players choose a number an...

Bitcoin Bytes Back

Bitcoin Bytes Back

dailyreckoning.com 24 Jan '13, 8pm

“The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environme...

Bitcoin online gambling sites report 2012 earnings, strong growth rates: Bitcoin casinos report earnin... #Gambling

Bitcoin online gambling sites report 2012 earni...

calvinayre.com 23 Jan '13, 4am

There’s no doubt that Bitcoin made significant strides toward mainstream acceptance in 2012. In November, the internet’s d...