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Bitcoins a cryptocurrency, free bitcoins and a rigged casino

by mat on July 14th, 2010

Update: it’s currently quite difficult to get hold of bitcoins in the UK but localbitcoins works.



If your already aware of the awesomeness of public key cryptography (e.g. PGP or OTR), then you will probably appreciate Bitcoins.

You send coins by typing in someone’s address and how many coins to send and then your transaction will propagate around the p2p network. You receive coins in the same way by giving someone your address. In order to track transactions you can also make more addresses (and labels for them) which can also add to anonymity. Bitcoins are currently worth $0.0201 per bc (source)

Bitcoin program running

Bitcoin program running

Generating Bitcoins
You can opt to generate solutions to a specific crypotgraphic problem in exchange for bitcoins, by doing so your computer’s idle CPU will be used to solve this problem and when a solution is found you will be rewarded with some bitcoins, yay. There is also talk of speeding up the generation by using CUDA or similar tools here

5 Free Bitcoins
You can get 5 free bitcoins to start off your adventure into this new currency fromhere. This is a donation from somebody who wants to ensure that this currency is sucessful and as such this is a token of good faith and should not be exploited. You can also donate bitcoins to the fund to help this project.

Bitcoin casino (A Rigged Casino)
Now onto complain about a rigged casino that operates with bitcoins (Bitcasino).

Rigged and Broken roulette game on bitcoin casino

Rigged and Broken roulette game on bitcoin casino

I continually placed a bet (free play mode) on red, and for over 40 rounds it came up black, this has a probability of (20/7)^40 or 0.000000000708%. As unfair as this was then game then started getting worse constantly resulting in 0, however it would say “31 black odd” and in the side bar of past numbers “un” kept appearing which I guess means unknown.

I also tested a few of the slot machines to see if they were rigged too, and surely enough each rotation of the slots resulted in the exact same result every time, which was of course a losing one.

This bitcoin casino is rigged, buggy and not worth wasting your time with, it is much easier to lose money in other ways.

Conclusion
Bitcoin is an awesome idea and hopefully it will catch on and become sucessful, however be sure to avoid bitcasino! Also if anyone would like to donate some bitcoins then please send them to:
12Qxwa4d8s7bYHWVvNLkQZAVkJZrz8ReKB

9 Comments
  1. Rigged casino haha thats really dodgy. You might want to add iWantFreeBitCoins.com to your free list. You can earn free BitCoins there. I also want to put in a few lottery, I’m working on that feature. let me know what you think.

  2. Banana Peel permalink

    It’s probably easier to do offers to get some easy bitcoins. The best payouts I found are at a website called Free Digital Money. I tried a Facebook game, filled out a survey, and a few other things there. The bitcoins came after a few minutes.

  3. hank permalink

    http://iwantfreebitcoins.com/11186 here u can get free btc, testet…

  4. the quickest way to get some is by going to http://mycryptcoin.com. 24 requests a day, awesome referral program and each 1000th request is paid 5000 time the standard payout.

  5. Just find this brand new dutch website with more the 35 free daily bitcoin websites. You can make as much as 0,5 bitcoin in a week if you register with all the links the site have.

    http://www.freebitcoin.nl

    just great

  6. You really make it appear so easy with your presentation but I to find this topic to be really one thing which I believe I
    would by no means understand. It kind of feels too complicated
    and extremely vast for me. I am looking ahead in your next post, I will
    try to get the hang of it!

  7. Hello! Do you know if they make any plugins to protect against hackers?
    I’m kinda paranoid about losing everything I’ve worked
    hard on. Any suggestions?

  8. Howdy i really loved your site. I came across your site while browsing on the web. I came across a way that you can get free bitcoin.

  9. FREE BTC permalink

    FREE 0.6 BITCOINS
    http://freebitco.in/?r=317666

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