Bitcoin

Why Are Bitcoin Faucet Casinos So Profitable?

Published

2 years ago

September 20, 2022

The world’s most popular Bitcoin faucet casino has been live for users since 2010. One or two Bitcoins were once offered as incentives for completing captchas. Priorly, when one Bitcoin was worth less than a cent, Bitcoin faucet casinos were a trial run at getting people to use Bitcoin. Probably every person benefited from the situation, though.

They might have potentially obtained 100 Bitcoins by using the faucet for 100 days. The value of the coins they would have retained now is likely above $60,000,000 if they had kept them all this time. But, this was only done by a few people because Bitcoins were mostly unknown at the time.

However, as Bitcoin’s popularity grew, faucet casinos gradually decreased the number of Bitcoins they would give out. Currently, no Bitcoin faucet casino in the world gives Bitcoins to its consumers; instead, it gives out Satoshis, the smallest unit of Bitcoin.

Can You Make Profit from Bitcoin Faucet Casinos?

You can make money with any Bitcoin faucet casino if you know how to play like a pro. This is the most affordable and least time-consuming way to earn Bitcoins online every hour. Active users of Bitcoin faucets have a chance of becoming millionaires very quickly.

Due to the intense volatility of the Bitcoin price, it is expected that the coin’s value will surge soon. By then, the value of the small amounts of Bitcoin distributed by the faucets will have increased.

Another reason to like Bitcoin faucet casinos because they let you throw the dice once each hour without spending any bitcoins. To do so, sign up at the casino and log in to start earning Satoshis.

Additionally, each user of the Bitcoin faucet casino is offered one complimentary lottery ticket per week, giving them the potential to win more Bitcoins. These casinos provide you with reward points for participating in each freeroll, which can be used to increase your free BTC profits or unlock other prizes.

The best part? Your earnings on these casinos are available for instant withdrawal to your Bitcoin wallet.

To What Extent Do Bitcoin Faucet Casinos Pay?

Bitcoin faucet casinos pay out a small number of Bitcoins to their customers every hour. Such faucet casinos are a great way to get started with Bitcoin or increase your Bitcoin holdings without spending any money.

However, you’ll need exceptional brains to get those benefits rapidly. To earn Bitcoins, you must sign up for a Bitcoin faucet casino and participate in the site’s activities using application programming interfaces (APIs) from affiliate networks.

About half of the most visited Bitcoin casinos currently are faucets. Don’t worry, even if you start playing at such casinos. Some Bitcoin faucet casinos even host online Bitcoin tutorials to help new users learn the tactics.

There is no doubt that Bitcoin faucet casinos are attracting a massive audience and providing a boon to their customers. When visitors to these sites watch specific advertisements, they are rewarded in various ways.

A Bitcoin faucet casino gives users an additional way to earn Bitcoins and often offers referral bonuses. However, to access the site, one must click on the referral link provided by the current users.

A user can earn fifty percent of the prizes earned by a referred user once that person registers and starts performing the site’s assigned activities. If you’re looking to optimize your earnings in a short amount of time, a rotator site can be a good choice.

With the help of rotator sites, users can switch between multiple faucets without leaving the current site.

Faucets Are the Entry Point for Bitcoins

People unfamiliar with how Bitcoin faucets function may overlook them as pointless distractions. However, this is not the case; those who regularly use these sites do not consider them inadequate.

You need to identify the real faucets that play a very important part in the cryptocurrency market, even though there are many scam sites out there. Many beginners in the cryptocurrency industry use Bitcoin faucets as the first point of entry.

Investors can use the faucets to learn about cryptocurrencies without risking their own money. Before making their first Bitcoin purchase, customers could try out Bitcoin wallets and learn about Blockchain technology using faucets.

Users get the confidence to trade virtual currencies and put their money into Bitcoin and other cryptocurrencies after using faucets for a while.

The bottom line is that although Bitcoin faucet casinos won’t likely help you get rich, they are an excellent way to earn some Bitcoins at minimal risk.

Bitcoin

Should iGaming Be Worried About 2024 Bitcoin Halving?

Published

15 hours ago

April 25, 2024

George Miller

should-igaming-be-worried-about-2024-bitcoin-halving?

Reading Time: 2 minutes

In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm.

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block.

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector.

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

The post Should iGaming Be Worried About 2024 Bitcoin Halving? appeared first on European Gaming Industry News.

Bitcoin

Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview

Published

2 months ago

February 29, 2024

Zoltan Tundik

time-to-invest-in-crypto?-softswiss-2023-igaming-market-overview

Reading Time: 4 minutes

In 2023, crypto bets expanded by more than 20%, as reported by SOFTSWISS. The leading technology company, with over 15 years of expertise in iGaming and number one in crypto-optimised software, shares its analysis of the dynamic crypto landscape.

According to industry research, the global iGaming market is projected to double by 2030 at a compound annual growth rate of 11.7%. Revenues are expected to exceed 140 billion euro, with a significant share attributed to crypto gambling.

SOFTSWISS, as the innovator in crypto iGaming software development, regularly conducts research to track the dynamics of crypto within the iGaming market. Using extrapolation, comparative and correlative analysis, experts analyse the data gathered from over 600 crypto-friendly brands powered by the company.

iGaming Market Overview

Based on SOFTSWISS data, the iGaming market had a stable expansion in 2023. In absolute terms in euro, the Total Bet Sum grew by 38.2% year-on-year. At the same time, the Total Bet Count displayed an even stronger increase, surpassing 51.2%.

The average bet is slightly decreasing for several reasons. One significant factor is the broader reach of online gaming, fueled by advanced technology and increased internet availability. This trend is more evident in emerging markets like LatAm and Africa, where bets are usually smaller. Additionally, the increasing number of players under 30 with budget constraints adds to the decline in the average bet size.

State of Crypto

The in-depth quarterly analysis, initiated at the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q4’23, the Crypto Bet Sum saw an 8.2% rise in absolute terms, while the Fiat Bet Sum surged by 16.4% compared to Q3’23. At the end of 2023, the crypto share in the Total Bets Sum (27.5%) decreased by 3.9 p.p.

The comparative analysis of the 2023 Crypto Bet Sum against the previous year shows 21.1% growth. Simultaneously, the Crypto Bet Count increased by 50.5% year-on-year. The growing number of bets indicates rising interest in crypto gaming, but the greater availability of digital currencies may lead to slightly more economical bets.

“The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions,” shares Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

Crypto Bet Stabilisation

The average fiat bet remained steady at around 0.82 euro throughout the previous year. Despite fluctuations in the average crypto bet during 2023, ranging from 1.59 to 1.88 euro, the changes appear modest compared to the twofold drop observed in the average crypto bet during Q4’22, which reached 1.56 euros. This indicates a certain level of stabilisation in the average crypto bet throughout 2023.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The dynamics of the average crypto bet align with crypto market fluctuations. When digital currency values stabilised in H2 2022, the average crypto bet also levelled out. Another thing is that the average crypto bet is almost two times higher than the average fiat bet, which testifies that digital currencies are potentially used by players with higher incomes. Operators should consider this to increase project profitability.”

Cryptocurrencies Rating

The Top Five most operated digital coins in iGaming landscape have remained stable during the last two years.

In 2023, the cryptocurrency structure looks as follows:

Bitcoin – 73.3%
Ethereum – 9.9%
Litecoin – 6.6%
Tether – 4.6%
Dogecoin – 3.1%

In Q4 2023, Bitcoin experienced a slight decline by a 5.7 p.p. compared to Q3 2023. Conversely, Ethereum and Litecoin showed growth of 4.7 p.p. and 2.2 p.p., respectively, during the same period.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalisation in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.”

About SOFTSWISS

Bitcoin

Evgeniy Babitsyn from Bets.io Comments on the Future of BTC

Published

3 months ago

January 17, 2024

George Miller

evgeniy-babitsyn-from-bets.io-comments-on-the-future-of-btc

Reading Time: 2 minutes

In January 2024, the SEC approved 11 Bitcoin ETFs, marking a significant announcement for Bitcoin and the wider crypto-market. This approval demonstrates the growing integration of traditional finance with decentralized finance. The announcement has sparked mixed reactions, with crypto experts questioning what this means for the future of tradable crypto assets. On the back of the announcement, the news that BlackRock will now be the biggest holder of Bitcoin has made the issue more complex.

Evgeniy Babitsyn, CMO of Bets.io, is an expert crypto commentator who has been closely monitoring these latest developments.

“There are pros and cons to the BTC ETF. On the one hand, it gives retail investors another avenue of access to the crypto market, allowing them to invest through a traditional finance instrument. This is important because investors not well-versed in crypto investing can find it difficult to access and invest in crypto assets,” he said. “However, the bigger point here is that BTC’s incorporation into an ETF goes against the founding principles of cryptocurrency. Its evolution is a consequence of advanced technology removing the ‘middleman’ in transactions, empowering individuals to make transactions free of bureaucratic institutions.”

When it comes to the regulation of crypto assets, Evgeniy does admit that there is a role for regulators to play. However, he advises it should not go against the fundamentals of cryptocurrencies. “While there is a role for regulation to play, having an ETF in play goes against what BTC initially set out to achieve as an alternative to traditional financial systems.”

Increased institutional involvement in crypto trading can also distort the market, posing significant questions for the future. “News is now emerging that the world’s largest asset manager, BlackRock, is on track to becoming the biggest holder of BTC because of the ETF,” Evgeniy said. “Coupled with this, the ongoing developments from state entities to regulate crypto assets, the question now is whether the institutional embrace of BTC marks the beginning of the end for the coin, at least in its original form.”

Bets.io is a renowned brand within the world of crypto iGaming. It was launched in 2021 and has been rapidly expanding ever since. In 2022, the brand was acclaimed as The Rising Star Operator of the Year by SiGMA Europe for its ambition, results, and potential in the online entertainment industry. As such, it has been keenly watching the developments of crypto assets unfold.

Looking to the future, Evgeniy sees big announcements on the horizon. “For now, we know that 2024 will be a monumental year for the future of BTC, cryptocurrencies, and Web3.”