What is BitDice

Title

Established in 2014, BitDice is a profitably operating and presently the largest crowdfunded cryptocurrency casino where players can play dice, slots and blackjack games after depositing BTC, ETH, LTC, DOGE or CSNO.

The 2017 ICO was held to seek capital contributions from the public to transform itself into a new-generation platform for online gaming experience.

BitDice Casino has been targeting cryptocurrency gamblers up to that moment and has managed to capture a significant part of this market. In addition, it has gained over BTC 2300 in profit. But the greatest opportunity lies within traditional space casinos. Rather than sit and wait for the fiat players to gradually shift to the new paradigm, we want to be the first to get close to them, to build bridges and introduce the concept of “provably fair,” along with games that have a lower house edge.

Payout Structure   Dividend Calculator   Current Performance   Dividend Yields   CSNO and other crypto appreciation   

BitDice Payout Structure

Whitepaper: “BitDice Casino is issuing 100 000 000 (one hundred million) CSNO tokens,
70% of which will be offered to the public and entitle for 70% of BitDice Casino’s
net profit.”

First time I read this my impression was that 70% of all profit was paid to the 70 million token holders. That makes sense, BitDice is keeping 30% of all tokens, so 70% pay out to the rest looks very logic. But in reality 70% of all profit is divided over all 100 million tokens, so BitDice is taking twice a .30% cut!! For every $1000 profit Bitdice takes $510 (300 (30%) + 210 (30% of the remaining 700).

BitDice dividend payouts are calculated by this formula (Profit * 0.7) / Totalsupply = payout per CSNO.

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BitDice dividend calculator

BitDice dividend payouts are calculated by this formula (Profit * 0.7) / Totalsupply = payout per CSNO.

You can calculate what you would earn with your CSNO and also how many profit is needed to get a certain amount of profit sharing by entering the numbers below and press "Calculate".

Profit BitDice makes in a quarter USD
Amount CSNO you own CSNO
Aimed quarterly dividend USD
Display currency

BitDice Performance current dividend periode

CoinProfit Profit in USD 
BTC:45 BTC$292,027.36 
ETH:37 ETH$7,618.79 
LTC:1352 LTC$72,111.12 
DOGE:5785150 DOGE$25,937.08 
CSNO*:275000 CSNO$14,243.58 

 
Total:$411,937.93
* dicesites.com is used as a source for the profit in BTC, ETH, LTC and DOGE and uses only whole numbers for its graphs. Actual profit may turn out slighly different due to rounding to this whole numbers. CSNO profit is an estimate (2500 CSNO per day) because I have no tracking source.

Current profit ( $411,937.93 ) related to next dividend payouts


Based on current profit, this is what we will receive at next pay outs:
BitDice dividend with $411,937.93 profit:
1 CSNO2500 CSNO100000 CSNO5000 CSNO
0.00288357USD7.20891373USD288.35654937USD14.41782747USD
0.00248937EUR6.22342639EUR248.93705564EUR12.44685278EUR
0.00001400ETH0.03500945ETH1.40037818ETH0.07001891ETH
0.00000044BTC0.00111086BTC0.04443435BTC0.00222172BTC
0.00627434XRP15.68584618XRP627.43384704XRP31.37169235XRP
0.00005406LTC0.13515879LTC5.40635147LTC0.27031757LTC
0.00001850DASH0.04625245DASH1.85009816DASH0.09250491DASH
0.00017336NEO0.43339828NEO17.33593119NEO0.86679656NEO
0.05567285CSNO139.18213702CSNO5,567.28548086CSNO278.36427404CSNO

To get a $1000 quarterly dividend you need 346,793 CSNO tokens with current estimated profit.
With 5000 CSNO profit needs to be $28,571,428.57 to get a $1000 quarterly dividend.
BitDice Yields
Dividend yields are the ratio between annual payment(s) and price.

Indicated Annual Yield last dividend ($0.003409 per CSNO)
The indicated annual yield is the ratio between annual dividend and token price.
((last div * annual payments) / price) x 100%
Indicated yield with dividend day price ($0.08):16.891336%
Indicated yield with current price ($0.05): 26.324486%
Indicated yield with ico price ($0.12): 10.909281%
 
Average Annual Yield ($0.006360 per CSNO)
The average annual yield is the ratio between the dividend average of last 12 months and token price.
((avg dividend * annual payments) / token price) x 100%
Average yield with dividend day price ($0.08): 31.515003%
Average yield with current price ($0.05): 49.114899%
Average yield with ico price ($0.12): 20.353986%

What does a 26.32% yield mean? Simple you need 100 / 26.32 = 3 years and 10 months with the same dividend to earn your investement back if you buy the tokens now with current price. The higher the yield the faster you earn back your investement.
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CSNO Performance vs BTC, ETH, XRP, LTC, DASH and NEO

Would you have done better investing in the big crypto coins instead of buying BitDice?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.

Crypto Open price Nr coins for $1000 Current price Current $ value percentage%
BTC$3,681.58000.2716$6,489.4968$1,762.693476.27%
BitDice market opening$0.11059,045.7625$0.0518$641.1098*-35.89%
BitDice ICO price$0.12508,001.1035$0.0518$567.0706*-43.29%
BitDice ICO NaV$0.87491,143.0148$0.0518$81.0101*-91.90%
DASH$330.63003.0245$155.8601$471.4035-52.86%
ETH$282.22003.5433$205.9133$729.6199-27.04%
LTC$47.620020.9996$53.3366$1,120.046812.00%
NEO$19.800050.5051$16.6335$840.0738-15.99%
XRP$0.17555,697.3889$0.4596$2,618.4105161.84%
* Dividend included (Value CSNO + total dividend)
If you want to compare BitDice prices form a specific date, just select one and click the 'Performance' button
   

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Upcoming BitDice Payout

Bitdice dividend expected in the 2nd week of October 2018

If you hold CSNO during snapshot in any erc_20 supported Ethereum Wallet like MyEtherWallet, Nano Ledger S, Trezor or any other (except any exchange) you will receive your pay out automatically.

Last 10 BitDice Payouts
DateDividendIndicated Yield
Div DayPrice
2018-07-11$0.003408716.89%26.32%
2018-04-12$0.00054222.53%4.19%
2018-01-26$0.015128424.58%116.83%
 
Lifetime dividend in USD per CSNO.
Total$0.019079230000
Average$0.006359743333
 
Lifetime dividend in ETH per CSNO.
Total$0.000023508925
Average$0.000007836308
 
USD value if you kept dividend in ETH
Total$0.00484080
Average$0.00161360

Lifetime Profit: $2,725,604.69

BitDice ICO and token details

Websitehttps://www.bitdice.me/
WhitepaperWhitepaper
Ico started2017-08-15
Ico ended2017-09-15
Ico PriceThe price of the token will be determined at the end of the ICO period and it will depend on the overall capital raised.
Ico Price$0.12498276
Ico NAV$0.87487930
Total Raised
1461.43 BTC @ $3231.8
16716.73 ETH @ $222.56
134225 IOTA @ $0.44717
4629.55 LTC @ $45.1
40498734 DOGE @ $0.0009

In total $8,748,793.00 was raised
30,000,000 CSNO tokens are taken by BitDice and 70,000,000 tokens where distributed towards ICO investors. We could argue if that makes ICO price $8,748,793.00 / 100mn = $0.8748793 or $8,748,793.00 / 70mn = $0.12498276.
Totalsupply100,000,000.000000
Circulatingsupply70,000,000.000000
Payout currencyETH
BlockchainEthereum
TokentypeERC-20
TickerCSNO
Decimals8
Contractadres
0x29d75277ac7f0335b2165d0895e8725cbf658d73

CSNO related links

Medium@bitdice
RedditBitDiceCasino
BitcointalkBitDice
GithubCSNO
Telegram@bitdice_casino
Coingeckobitdice
CSNOTokenholders
TrackingDicesites

Rating: 4.0/5 (55 stemmen)

CSNO market value
Current CSNO price:$0.05179482
In ETH: 0.00025154 ETH
In BTC: 0.00000798 BTC
1 ETH: 3,975.55857960 CSNO
1 BTC: 125,292.39013921 CSNO

Source CoinMarketCap.com bitdice
BitDice Markets

ForkDeltaCSNO-ETH
EtherDeltaCSNO-ETH
HitBTCCSNO-BTC

Donations


Any beer / donation is appreciated, thx!
BTC:
3Hc6PFL6yctFG15HQ5EekBNykkgzyoRabr

ETH or any ERC-20 tokens:
0x3279fd991AA42a1759bef80b1C3202EE985668d3

If you want to donate any other coin. Contact me. I'm sure I have a wallet somewhere.
BitDice on Twitter
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