I'm looking to put a large % of my portfolio into DICE in the near future and an event like a major exchange adding it could easily triple the market cap, imo.
Just having a look at FunFair's 24 volume and where it comes from really puts things into perspective to me.
1% is essentially a hard mathematical floor, under which cheap bets are not profitable. And by cheap I mean at 1% we already lose money on 0.1 ETH transactions I believe. It's also the gold standard for "fairness." Under 1% the profitability is too low. Above and the house edge is considered non-competitive. The dev knew what he was doing with 1%.
Edit: Also, give this a read for insight into how this thing came to be. Should quell any concerns about $1.3m not being enough runway: https://steemit.com/steemit/@etheroll/hello-steem-i-am-the-founder-of-etheroll-an-ethereum-based-provably-fair-dice-game-with-50-50-odds-and-a-low-1-house-edge-this
Also consider profits are already being generated. So even if Ether tanks to $50 the dev will still be making plenty of money from his DICE tokens.
its password protected just like a MEW. Ive been using it forever and trust it completely. I look at it as another way to access my wallet.
But do your own research. https://metamask.io/
It is still a paper wallet that you are just accessing thru metamask instead of MEW.com
https://www.producthunt.com/posts/hash-heroes
Saw that someone posted about Hash Heroes yesterday and now it's on Product Hunt. Makes me wonder if we'd benefit from trying to get "hunted". Would probably bring in a ton of players and at the very least get some good advertising.
I don't know the process for getting things on Product Hunt but happy to take the lead if anyone has any tips.
if you want the story it is already written by james :-)
that post is one of the main reasons i got into this ICO.
Let us see: at current prices (DICE/ETH 0.011, ETH/USD: $360) 10,000 DICE will set you back ~$40,000 (!).
With this amount, you can probably build twenty (20) mining rigs with 6 AMD RX 480 GPUs each, for a combined hashing power of 3000 MH/s, producing about fifty (50) ETH per month:
As you can see, even if you factor in the cost of electricity in the US, that still leaves you with ~$17K/month of profit!
If the above is correct (again, I'd love to be proven wrong), it means either that DICE is way, way, way overpriced at 0.011 ETH or that Etheroll needs to see some unreal (even by cryptocurrency standards) expansion to overtake mining.
EDIT: Fixed power consumption and adjusted profit after /u/califreshed pointed out my mistake.
Period 10 rewards update
Tokens 7001623
​
Period Payout 310ETH(219.55ETH period carryover) 0.000044275445092756ETH/DICE
Price(ETH/DICE) | PR(%) | APR(%) | |
---|---|---|---|
Market | .002152 | 2.06% | 8.23% |
90daylow | .002152 | 2.06% | 8.23% |
90dayhigh | .0030099 | 1.47% | 5.88% |
ICOtier1 | .01 | .44% | 1.77% |
ICOtier2 | .005 | .88% | 3.54% |
​
Lifetime Payout 5802ETH 0.000828665010955ETH/DICE
Price(ETH/DICE) | AVGPR(%) | AVGAPR(%) | |
---|---|---|---|
Market | .002152 | 3.85% | 15.40% |
90daylow | .002152 | 3.85% | 15.40% |
90dayhigh | .0030099 | 2.75% | 11.01% |
ICOtier1 | .01 | 0.83% | 3.31% |
ICOtier2 | .005 | 1.66% | 6.62% |
​
Lifetime Profit 5110ETH 0.0007298307835ETH/DICE
Price(ETH/DICE) | AVGPR(%) | AVGAPR(%) | |
---|---|---|---|
Market | .002152 | 3.39% | 13.57% |
90daylow | .002152 | 3.39% | 13.57% |
90dayhigh | .0030099 | 2.42% | 9.70% |
ICOtier1 | .01 | .73% | 2.92% |
ICOtier2 | .005 | 1.46% | 5.84% |
​
PR = reward period percentage rate
APR = annual percentage rate
AVGPR = avg reward period percentage rate
AVGAPR = avg annual percentage rate
​
NOTES: Lifetime Profit is lower than Lifetime Payout due to unclaimed rewards carry over.
Price numbers taken from HitBTC via https://cryptowat.ch/markets/hitbtc/dice/eth/3d
​
FYI to all dice holders on unclaimed dividends:
​
Period | unclaimed | offered | Non-Participation Rate |
---|---|---|---|
1 | 111.81 | 1419 | 7.9% |
2 | 125.4 | 1111 | 11.3% |
3 | negative | 0 | N/A |
4 | 59 | 433 | 13.6% |
5 | 74 | 633 | 11.7% |
6 | neg | 0 | N/A |
7 | neg | 0 | N/A |
8 | 102 | 720 | 14.2% |
9 | 219.55 | 1176 | 18.7% |
10 | 59.23 | 310 | 19.10% |
Period 9 rewards update
Tokens 7001623
​
Period Profit 1176ETH 0.0001679610570292059ETH/DICE
Price(ETH/DICE) | PR(%) | APR(%) | |
---|---|---|---|
Market | .00299 | 5.62 | 22.47 |
90daylow | .002494 | 6.73 | 26.94 |
90dayhigh | .003 | 5.60 | 22.39 |
ICOtier1 | .01 | 1.68 | 6.72 |
ICOtier2 | .005 | 3.36 | 13.44 |
​
Lifetime Payout 5492ETH 0.0007843895622486386ETH/DICE
Price(ETH/DICE) | AVGPR(%) | AVGAPR(%) | |
---|---|---|---|
Market | .00299 | 2.91 | 11.66 |
90daylow | .002494 | 3.49 | 13.98 |
90dayhigh | .0030 | 2.91 | 11.62 |
ICOtier1 | .01 | 0.87 | 3.49 |
ICOtier2 | .005 | 1.74 | 6.98 |
​
Lifetime Profit 5020ETH 0.000716976621ETH/DICE
Price(ETH/DICE) | AVGPR(%) | AVGAPR(%) | |
---|---|---|---|
Market | .00299 | 2.66 | 10.66 |
90daylow | .002494 | 3.19 | 12.78 |
90dayhigh | .0030 | 2.66 | 10.62 |
ICOtier1 | .01 | .80 | 3.19 |
ICOtier2 | .005 | 1.59 | 6.37 |
​
PR = reward period percentage rate
APR = annual percentage rate
AVGPR = avg reward period percentage rate
AVGAPR = avg annual percentage rate
​
NOTES: Lifetime Profit is lower than Lifetime Payout due to unclaimed rewards carry over.
Price numbers taken from HitBTC via https://cryptowat.ch/markets/hitbtc/dice/eth/3d
I guess what confused me is:
https://coinmarketcap.com/assets/etheroll/
This shows: Etherol (DICE)
where as: https://coinmarketcap.com/assets/golem-network-tokens/
Shows: Golem (GNT)
So I thought the thing in the parenthesis to be the ticker symbol... But the fact that it shows (DICE) instead of (ROL) is confusing.
Definitely true, I have taken a look at Etheroll and Edgeless volume by markets and seen how little Edgeless has on Etherdelta (only 336$) and how much in Bittrex (189.359 $). We have managed to get a 22k volume on Etherdelta, in spite of the quality of the exchange. This tells us that when DICE is listed on a bigger exchange we should see much bigger volume. https://coinmarketcap.com/assets/etheroll/#markets https://coinmarketcap.com/assets/edgeless/#markets