Introducing Blackcoin Dice Casino with 0% House Edge and Provably Fair

BlackcoinDice.com is a new Blackcoin Dice website that has been launched today. Since today you can enjoy gambling on this new website as a small or high player.

What does this all means for you?

- It is really fast ( no lag, no delays on small bets, and get up to 10 bets per second using the betting bot)

- A nice user-interface (chat, Blackcoin Faucet for free Blackcoins, high roller tab, Personal and Global statistics)

- No account (automatically created account with an unique URL, you can set any password you like to save your account)

- Anonymous (no personal details are required for playing at this casino, not for deposit nor withdrawal)

- It is Provably Fair

- 0% house edge ( 0.49% to be exactly)

What is Provably Fair?

Provably fair systems rely on cryptographic hash functions, which make it possible to turn data into a string, known as a hash. A property of these functions is that it should be very difficult to derive the original data from the hash, or find two data strings with the same hash. It is nearly impossible to crack strong hashes with the technology available today, and evidence of this is in the Bitcoin network. The cryptography behind the network has not been broken, and likely never will be.

Cryptographic hash functions are ideal for Bitcoin gambling. They allow the casino to prove to the player that they did not change their seed throughout a game, without actually showing the seed to the player.

There is no single formula or algorithm for provable fairness. For example, the result of a blackjack game would be calculated in a different way than that of a dice game. In addition, each Bitcoin gambling site may have its own method to come up with results. To ensure that you are not being cheated, you should thoroughly research how the results are calculated, and verify the results.

For many Bitcoin dice sites, fair dice rolls are calculated as follows:

  1. The server creates a secret random seed.
  2. The server seed is hashed and sent to the player.
  3. The player provides his own random client seed.
  4. The two seeds are used to calculate the result of the roll.
  5. The server seed is revealed, so the player can check that it matches the hash.

Some dice games use a daily secret, which is used as a replacement to, or in combination with the server seed. The daily secret is similar to a server seed, in the sense that it is unknown to the player when a roll is performed. The difference is that the daily secret is revealed at the end of each day (hence the name), and it is used for every roll that takes place in a day.

What is a house edge?

It should be no surprise that the casino has a built-in advantage on its games. The casinos don’t beat the players because they get lucky, they beat the players because the odds are stacked in their favor. This built-in advantage is called the house edge. In numbers, it’s the the casino’s average profit from a player’s bet.

Because of the very low house edge on this casino(0.49%), you are more luckily to win games.

If you want to try out some games, you can visit the website here.

 

 

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Ralphvd

Ralphvd

My name is Ralph. I am founder of Dailyblackcoin.com. The reason why i started with this website is because i wanted to create a news portal where people come every day such as Wallstreet Journal.
Ralphvd

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