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.

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).

Payments are done in ETH and you will receive your dividend if you hold CSNO in your wallet at the last day of each quarter when a snapshot is taken. Actual dividend mostly follows within two weeks.

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

BitDice dividend calculator

BitDice Performance current dividend periode

Current profit ( $-327,034.18 ) related to next dividend payouts

Current profit extrapolated ( $-150,323.18 ) related to next dividend payouts

BitDice all time progress

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.

2019-01-21 At the moment I think CSNO are the best gambling dividend tokens. But performance (and thus dividends) is still very low. Main reason, number of players is very low, in the dozens but not hundreds. If you look at PokerStars for example there are at any given moment over 100K gamblers online. I think this is the general problem for blockchain casinos. The brick and wall and online ones has such a large customer base, and gamblers stay there. It’s very hard to start a new casino, basically you need to buy / lure people with big bonusses to get a decent number of daily returning people and be successful. I think this is even harder in the still very small crypto world. To merge the crypto and gambling world online casinos adapting to crypto will have a better chance to succeed.

But who knows, if BitDice gets it’s roadmap going…. Target not met, still waiting for poker and sports betting and a API call to track progress more easier. But there is sometime some development. Like a Curacao gambling license.

It is still very unclear who runs BitDice. There is a guy called Alex and that’s all I know. If he is alone he is making a shitload of money out of it. BitDice own 30% of all tokens. And only 70% of all profit is distributed over all tokens (including the company tokens) . That’s over 50%. And to top it off there is a 13K a month salary mentioned as running costs mentioned in the very well written financial reports. Other communication is scarce sometimes emails do get answered sometimes not.

But the fee is a given cant’ change it, take it or leave it. Trueflip only pays 15% and performing worse. Etheroll even manages to make 3 quarters with a loss, so CSNO are the best dividend gambling tokens around at the moment.


2020-08-24
Still waiting for the combined Q1-Q2 report and the website.... waiting seems the game here. I'm starting to doubt if we ever see dividend again. The chat also moved form Telegram to https://discord.gg/EkGbYrH

Bitdice dividend expected in the 2nd week of July 2020

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.

BitDice ICO and token details