Forbes contributor and Bitcoin Foundation (@BTCFoundation) board member Jon Matonis (@JonMatonis) shares some details from leading online gaming services where bitcoins are used as the currency. Excerpts:
"SatoshiDice reported first year earnings from wagering at an impressive ฿33,310. During the year, players bet a total of ฿1,787,470 in 2,349,882 individual bets at an average monthly growth rate of 78%. […] 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. […] SatoshiDice shares are traded on the MPEx bitcoin [cyber-equities] stock exchange […]. At the current exchange rate of $17.00 per BTC, SatoshiDice is a company valued at $8.9 million."
"BitZino reported first year earnings from wagering of ฿10,137. During the year, players bet a total of ฿664,192 in 3.2 million individual bets. […] [From June to December BitZino saw] a period growth rate of 894% or average monthly growth rate of 149%."
"Seals With Clubs is dealing about 10,000 hands of poker per day and raking only about 4,000 of them. […] The current rake is 2.5% with a cap of ฿0.10 per hand which is slightly less than half of what other poker sites would charge."
"With privacy, efficiency, growth, payment irreversibility, and cost savings as demonstrated by the above, it’s only a matter of time before the mainstream casino operators of Gibraltar and Malta realize the benefits of a gaming economy that leverages the ideal digital casino chip."
- http://bitcointalk.org/index.php?topic=138032.0 (Further discussion of this article)
- http://tcrn.ch/Wgetql (Related article on TechCrunch)
- http://bit.ly/W06gXC (Related article on The Verge)
- http://ars.to/10QcVYw (Related article on Ars Technica and Wired.co.uk)
- http://bit.ly/10JloM3 (Related article on Boing Boing)
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