If you go to the portal blockchain and some time look over the updated list of transactions in the cryptocurrency, you’ll notice that a very large number of payments go to Satoshi Dice. It clearly shows how important the gambling in the bitcoin sphere.
SatoshiDice is a very simple gambling game, therefore it is so popular. All you need to do is transfer your bet to a specific bitcoin address. Each address corresponds to any number from 1 to 64,000. When the server gets a transaction, it executes the function random choice of a number. If the resulting number is less than selected by you, you win
You get the prize instantly, and if you lose – you get a consolation prize in the amount of 0.01 mBTC. Of course, each bet corresponds to a specific multiplier of winnings, which is proportional to the risk. The game itself “lives” at the expense of 2% of each incoming payment.
In order to customers can be assured in the integrity of the service, there is a counter of the winnings and bets on the main page of SatoshiDice. Not so long ago a bigger company bought out Satoshi Dice for very impressive money. It should be noted that Bitcoin gambling websites along with mining pools are the very major source of attracting new users to the network.
Thanks to this quality as the anonymity, the bitcoin perfectly “fits” as a method of the deposit on gaming portals. For example, with poker tournament you don’t “expose” your card number and do not pay taxes when you withdrawal. You don’t have to bypass the laws, which impose various restrictions for the gambling industry.