How is Bitcoin Made?
Bitcoin’s trading value is more than $11 billion, at least at the time of writing. But despite BTC’s renown, many people don’t know how it’s made. To most people out there, the world of crypto is shrouded in mystery. Some Bitcoin casino players bet using BTC without having the foggiest idea of where their crypto assets come from.
If you’re one of those players, that’s about to change.
In this guide, we’re going to get you up to speed with:
- How Bitcoin mining works
- The origins and history of the crypto
- The Proof-of-Work system
- Bitcoin halving
- Environmental impact
- The merits of gambling at Bitcoin casinos
As you can see, we’ve got quite a lot to get through before you can count yourself an expert on all things Bitcoin. But there’s no time like the present!
Bitcoin Mining: Where It All Begins
Bitcoin is created through a process called mining. New Bitcoins are mined (created) when computers on the network verify transactions. These computers, or miners, process the transactions and get payment in Bitcoin in return.
Bitcoin runs on a blockchain, which is the technology behind many cryptocurrencies.
The blockchain reflects all the transactions within an ecosystem. These transactions are grouped and approved, forming a block, and joined to build a chain. The process of Bitcoin mining involves adding a block to the chain.
Miners must solve complicated math problems to add a block successfully. This process involves a concept known as the “target hash.” A target hash is a number that must be equal to or bigger than a hashed block header to create a new block. It’s used to determine input difficulty and can change to make block processing more efficient.
Miners make guesses to arrive at the target hash. The trial-and-error process requires major computing power, which utilizes quite a bit of electricity. And, the number of miners in the network is directly proportional to the mining difficulty.
As you can imagine, mining isn’t possible without solid computer hardware. The hardware required is known as ASICs, or application-specific integrated circuits, and is quite expensive. It also consumes a great deal of electricity.
Each block added brings the miner 6.25 Bitcoins as a reward. Every four years, the reward is cut in half. At the time of writing, Bitcoin was changing hands for $29,400. Historically, its price has increased after halving.
Who Created Bitcoin? Origins and History
An unknown entity or group using the pseudonym Satoshi Nakamoto invented Bitcoin in 2008. The use of the currency began in 2009 when the creator released its implementation as open-source software. The word “Bitcoin” first appeared in a white paper published in 2008.
The creator capped the Bitcoin supply at 21 million coins maximum. As of August 7, 2023, there were 19.45 million Bitcoins.
After Bitcoin launched in 2009, around 1.1 million Bitcoins were mined, and the proverbial Nakamoto disappeared a year later. Gavin Andresen took over development of the asset and its blockchain.
Bitcoin was created with a decentralized vision: there could be no central storage, administrator, or any other centralized authority.
All stakeholders are peer-to-peer and the network only exists to verify and confirm transactions. Surrounded by uncertainty, the value of Bitcoin declined at the time.
One of the leading crypto’s canons is against control through accumulating power in too few hands. In 2014, crypto mining platform GHash.io exceeded 51% hashing power. This created the risk of counterfeiting coins and pushing GHash’s competitors out of rewards. Eventually, hashing power returned to acceptable limits.
Contrary to popular belief, Bitcoin has quite a few real-world use cases. People have bought cars, houses, and even space travel packages worth millions in Bitcoin. The most expensive Bitcoin purchase in history so far has been a seven-bedroom house in Miami, sold for 455 Bitcoin in 2018.
Michael Komaransky, a Bitcoin trader, was selling the house for $6 million or its equivalent in BTC. He preferred the latter. An unnamed, like-minded buyer paid the 455 Bitcoin for it.
Anatomy of Proof-of-Work (PoW)
Now that the history lesson’s over, it’s time to unpack the concept of Proof-of-Work.
Proof of work is the process of guessing the right hash. Each block of the chain is like a cell. Information such as wallet addresses, transaction amounts, and the time and date are registered in a block header, which is a hexadecimal number the hashing creates.
Each block’s hash is used in the following block. This creates an unalterable ledger of interlinked blocks. It is unalterable because the most recently created block’s hash includes information from every preceding block.
Before one can open a new block, the hash must be verified, and this is what PoW is about. Modern technology can generate a hash, which is a 64-digit encrypted number, in fractions of a second irrespective of the data volume.
The hash also includes a nonce, which is a series of numbers. The word is short for “number used once.” When a miner starts working, they use a nonce equal to zero to create a hash from publicly available information.
As mentioned, a hash has been solved if it is lower than the current network target, which is the result of a formula converted to a hexadecimal number determining the mining complexity.
The mining program generates another hash after adding 1 to the nonce if the target is lower than the previous hash. The whole miner network solves the problem this way.
Bitcoin Halving: Maintaining a Supply
Experts maintain that the cap of 21 million Bitcoin won’t be reached until 2140 because of Bitcoin halving. But there’s another contributing factor:
Disappearing Act
Estimates suggest 15% of Bitcoin on average disappears after holders lose their private storage keys or wallets.
What exactly is Bitcoin halving, and why is it necessary?
The purpose of Bitcoin halving is to maintain a low supply and counteract inflation. Theoretically, reducing the tempo of Bitcoin mining means the price will increase, unless demand drops.
Bitcoin’s inflation rate is below 2%, and with the next halving in 2024, it will drop further. Supply is limited when the reward goes down. The price is impacted positively when supply is limited and demand increases, which is what Bitcoin traders and investors are hoping for.
How Does Bitcoin Halving Work?
When a validator network verifies a transaction block, they get a reward of 6.25 BTC. At the current Bitcoin price, 6.25 BTC is worth about $184,000, which is encouraging enough for miners to continue adding blocks. They do so every 10 minutes on average. After 210,000 blocks are created, the reward is cut in half.
Bitcoin Halving
The process of BTC halving happens roughly every four years.
Halving may reduce rewards, but it also reduces the supply of new Bitcoin. As supply becomes more limited, the Bitcoin price should increase. This has been the case historically.
Whether the price volatility around halving is a direct product of it is still open for discussion. Either way, miners would be incentivized to keep working if the price is high, in every event.
Typically, the price of Bitcoin ends up being much higher a few months after each halving event. The next one is expected in May 2024.
After the initial volatility, halving tends to be bullish for Bitcoin. It’s still important to exercise caution as lower mining activity can cause the price to remain flat.
Verification: The Power of Decentralization
Nodes are the backbone of any blockchain. Their main functions involve maintaining the accuracy of the ledger and verifying transactions. When a transaction occurs on the blockchain, all the nodes in the network verify it via complex algorithms. The transaction is added to the blockchain when the nodes reach a consensus.
Nodes also keep copies of all the transactions on the blockchain ledger. This ensures transparency of the blockchain and equal access to information for all participants. The network becomes more resilient and secure when multiple nodes store those copies.
Nodes are key to guaranteeing network decentralization. They are distributed all over the world, forming a network and making sure no single entity can take control of it.
This also safeguards against a single point of failure, as the network becomes resistant to exploits and attacks. It’s no wonder decentralized casinos are becoming more popular for security-savvy gamblers.
Energy Consumption: What About the Environment?
Recent estimates suggest Bitcoin mining consumes 127 terawatt-hours (TWh) annually, which is more than the whole of Norway and other countries.
Did you know…
Crypto-related activity emits 25-50 million tons of CO2 a year in the US, which is about the same as diesel fuel emissions from US railways.
Natural gas and coal emit greenhouse gases when burned, which cause global warming and other climatic changes. Bitcoin mining was estimated to account for 0.1% of greenhouse gas emissions worldwide in 2022.
The Proof-of-Work system is associated with large energy use, and Bitcoin is the only leading cryptocurrency that uses this mechanism.
Ethereum, the second-biggest crypto by market cap, moved to Proof-of-Stake, which consumes far less energy. After this, its electric power use dropped by 99.9%. A transaction in a Proof-of-Stake system uses as much energy as a Visa card transaction.
Arguments for Bitcoin Mining
According to a recent study, almost two-fifths of all Bitcoin mining activity was in North America at the end of last year. While this definitely has implications for the environment, not all is gloom and doom.
According to the study, Bitcoin’s financial incentives can help seal orphaned wells, thereby reducing methane emissions. Similarly, US presidential candidate Robert F. Kennedy Jr. is among the leading proponents of Bitcoin, arguing that it has never used more renewable energy than it does now.
Some other arguments include:
- Renewable energy facilities face congestion and limitations because they have no global market to sell into. Bitcoin can solve this issue by providing access to a global market for electric power, which will incentivize investments in renewable energy.
- Bitcoin data centers can be turned on and off seamlessly. This flexibility makes it possible for a renewable energy facility to start selling into the local market when user demand for electricity increases.
Using Bitcoin for Gambling
Bitcoin was created online with the purpose of being used online. The flagship crypto is thus a great solution for online gambling platforms.
As for fees…
BTC transaction fees are typically much lower than those banks and credit card companies charge.
What’s more, Bitcoin payments transpire at the speed of light. Most transactions are confirmed in seconds, up to a few hours in some rare cases. In comparison, a standard bank transfer can take as long as several business days.
These are just a few of the many reasons why Bitcoin is the king of crypto gambling.
Final Thoughts
If you’ve made it this far, you now know how Bitcoin mining works, what Proof-of-Work is, the implications of Bitcoin halving, the role of nodes in how Bitcoin is made, and that mining has some unexpected benefits for the environment.
If you’re like us, you’re totally convinced that BTC is the way to go in all things gambling related. If anything, you should be more comfortable now that the mystery is over and you’re well on your way to becoming a Bitcoin aficionado.
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Biggest Online Casino Wins with BitcoinEveryone and their grandma knows gambling is not a suitable source of income. Unless you’re a poker pro, it is also not a reliable one, especially if you consider your chances of landing a massive win—the odds of winning a jackpot on a slot machine range anywhere from 1 in 5,000 to 1 in 34 […]
September 1, 2023
20+ Amazing Bitcoin Casino Statistics: Is Crypto Gambling the Future?Bitcoin casinos are one of the latest trends in the online gambling industry and may shape the future of online gambling as we know it. With so many advantages over traditional casinos, such as faster payments, improved security, and better transparency, some of the best Bitcoin casinos on the market already have thousands of active […]
September 1, 2023
Sports NFTs: What Are They and Where To Buy? (2023 Guide)If you love sports and cutting-edge technologies, then you’ll be thrilled to hear about the latest fusion of these two industries: sports non-fungible tokens (NFTs). Many of us have heard of the craze surrounding cryptocurrency, but now it’s time to level up with collectibles that could rival those trading cards in your granddad’s cupboard. But […]
August 31, 2023
How to Get a Profit from Bitcoin GamblingWe might be stating the obvious here, but we’re going to say it regardless — gambling is a risky business. Despite that, millions of us visit Bitcoin casinos regularly, knowing we might spend the entire gaming session with nothing to show for it. So, why do we still do it, even with the odds stacked […]
August 31, 2023
Blockchain Casino Awards - The Best Crypto Casinos in 2021Discover the best casinos offering cryptocurrency payments and integrating blockchain technology into your player experience.
August 31, 2023
Best Bitcoin Casinos In CanadaCanada is an up-and-coming market when it comes to blockchain casinos: Canadian players are always on the lookout for the best websites accepting cryptocurrency payments, and for all the best Bitcoin bonuses. We have looked at all the top Bitcoin casino sites operating in Canada and selected the top five Bitcoin casinos accepting Canadian players. […]
August 31, 2023
Bitcoin Faucets - Are They Really Worth It?Do you want free money? Bitcoin faucets promise that. Yes, faucets, the mythical websites that hand out coins free of cost, theoretically allowing you to profit out of their goodwill. But is it really that simple? Today, we’re talking about Bitcoin casino faucets – what they are, why they exist, and are they worth your […]
August 31, 2023
What Happened to CasinoFair? | Casino Permanently ClosedCasinoFair, the iconic online crypto casino, has recently closed down its doors in what seems to be a permanent move. As we had announced earlier in the year, CasinoFair had already been put on a break for several months. The company also asked players to withdraw any remaining funds. However, it hadn’t been clear if […]
August 31, 2023
Top 9 Dogecoin Blackjack Sites | Play Blackjack With DogeUse this guide to find the best Dogecoin casinos with blackjack games.
August 31, 2023
Bitstarz App | Mobile iOS and Android CasinoBitStarz is one of the most renowned online casinos that accept Bitcoin – and that’s no bold statement While reviewing BitStarz, we discovered it’s an incredibly well-rounded website. But does it deliver the same user experience on your phone that you can get on your computer? We thought it was worth digging a bit deeper […]
August 31, 2023
Litecoin Slots Guide | Play Slot Machines with LTCYou may be wondering if any slot machines support Litecoin – after all, it’s one of the biggest cryptocurrencies out there, right? Although LTC quickly became one of the trendiest altcoins after Bitcoin, finding Litecoin slots can still be tricky. But worry not, as we have some good news: there are plenty of options! In […]
August 31, 2023
Top 10 Ethereum Slots for 2023: Bonuses, Payouts and MoreEthereum quickly rose to become one of the most popular cryptocurrencies globally. That same trend followed in online casinos and slots. Today, you can play Ethereum slots in a range of crypto gambling sites and the choice is growing every day. So what are the best gambling providers that accept ETH? We did that research […]
August 31, 2023
MetaMask Casinos: The Ultimate Guide to MetaMask GamblingLooking to gamble with crypto? You’re in the right place. We looked far and wide for the best MetaMask casinos and finally have our top picks. Read on to learn: Whether you’re interested in ERC-20 tokens in general or NFT gambling (you usually need ETH for that), MetaMask is a key tool to have. So, […]
August 31, 2023
Stablecoin Casinos: The Full Guide to Gambling with Tether, USDC, and MoreThe world of crypto is extremely new – even Bitcoin hasn’t been around for that long. And, while blockchain-based currencies offer exciting new opportunities for finance, they also have one major problem: Volatility. Stablecoins are here to change this. They are cryptocurrencies that are built to address volatility by pegging their value to another asset, […]
August 31, 2023
Blockchain Casino Awards 2022 - Criteria Revealed!We’re thrilled to do the Blockchain Casino Awards once again. And, this year they’re better than ever! The Blockchain Casino Awards started as our way of recognizing and rewarding the best in the industry. This year, we saw even more growth across the gambling world. So, trust us when we say – it wasn’t an […]
August 31, 2023
Blockchain Casino Awards – The Best Crypto Casinos in 2022It’s that time of the year again – our time to announce the best crypto casinos of 2022. We at Casinos Blockchain take pride in bringing you the latest and greatest news from the world of online gambling, and what better way to do that than to award the best of the best in the […]
August 31, 2023
Best Bitcoin Wallet for Online Gambling - Our Top PicksLooking to bet with Bitcoin? You need a secure wallet to keep your crypto. But how do you even choose one? We are here to guide you. In this article, we’ll help you choose the best Bitcoin wallet for online gambling – whether you’re a rookie or a seasoned gambler. Read on to learn about: […]
August 31, 2023
3 Sites Like Roobet (And Better!) That We Love in 2023Roobet is a safe and well-loved crypto casino, a staple for many gambling enthusiasts. But, it’s not available everywhere – and it’s not without its downsides. Are there any sites like Roobet that we recommend? Absolutely! In this article, we’ll go over some of our favorite Roobet alternatives, as well as what we love about […]
August 31, 2023
Metaverse Gambling: The Future of Betting in 2023 and Beyond...The Metaverse is the new frontier for online casinos. Metaverse gambling has already taken off on platforms like Decentraland, and it only seems to grow. VR betting offers many perks over traditional online casinos – lower cost bets, provable fairness, privacy, and anonymity. No wonder it’s becoming the go-to destination for gamblers worldwide! But what […]
August 31, 2023
Bitcoin Spread Betting: Here's Everything You Need to KnowCan you make money on BTC without paying taxes? In some countries, you can. Bitcoin spread betting is a trading strategy in which you take a position on the price of Bitcoin without actually buying or selling the cryptocurrency. You can bet that the price will go up or down, and if your prediction is […]
August 31, 2023
Stake Alternative: Our Top Stake Casino Alternatives of the YearStake.com has grown into one of the largest online casinos in the world. The gambling site offers over 3,500 casino games, including slots, live dealer shows, and even sports betting! But, a growing number of gamblers are looking for a Stake alternative. The question is – is any other casino good enough? We’re happy to […]
August 31, 2023
Gambling NFTs: The Future of Online Casinos?NFTs have exploded in the past year. Are they just a crypto buzzword? Think again – they’re revolutionizing industries left and right. Movies, gaming, sports, music… You name it, NFTs can change it. It was about time the casino business took notice. In this article, we’re looking at gambling NFTs and how they’re changing online […]
August 31, 2023
Casinos Like BetFury: The Three Most Exciting Alternatives to Your Favorite Racoon-Inspired CasinoAre you a crypto casino enthusiast? BetFury is an excellent choice for you. A trusted gambling Dapp, offering a wide range of casino games like slots, poker, blackjack, roulette, etc, it is no wonder BetFury has so many fans. But, a single Dapp is not all there is to the crypto casino world. Whether you’re […]
August 31, 2023
What Is the Best Mobile Bitcoin Casino? Our 2023 PicksThe future (of gambling) is mobile. Let’s talk about the best mobile Bitcoin casino of the year… You asked, and we listened. Playing your favorite casino games on mobile is the new norm. And, if you’re anything like us (a.k.a. a die-hard blockchain and crypto enthusiast, ) you prefer using Bitcoin or another cryptocurrency as […]
August 31, 2023
29+ Poker Facts That Will Break Your Poker Face (And Blow Your Mind)Poker is wildly popular – and, if you’re here, you are probably a poker enthusiast yourself. But do you really know everything about poker? Our selection of poker facts is sure to surprise you. We compiled the most interesting poker trivia – from the history of the game to player highlights and unique events, you […]
August 31, 2023
Best Bitcoin Casino in the UK? Top 10 Options in 2023Lightning-fast withdrawals, provably fair games, and ample bonus deals make Bitcoin casinos all the rage in the UK. Still, it can get maddening seeing hundreds of sites out there and not knowing which Bitcoin casino UK is the perfect option for you. Can you hear the bugle horns already? The cavalry from CasinosBlockchain is coming […]
August 31, 2023
Best Dogecoin Wallet in 2023: 37 Hours of Testing, These Are Our Top Picks!Roll the dice and get ready to find the best Dogecoin wallet of the year! As crypto gambling enthusiasts, we’ve put our chips on the table and gone all-in on finding the top wallets for this meme-tastic coin – especially in light of DOGE’s growing market capitalization. Why? Because when you’re playing at a DOGE […]
August 31, 2023
Can Dogecoin Reach $1000? $100? $1? We Took an In-Depth Look…Dogecoin, the crypto that started as a joke, has gained significant traction over the years, surprising the community with its popularity and meteoric rise. At the time of writing, Dogecoin’s market cap stands at over $10 billion, making it one of the top 10 cryptocurrencies in the world by market capitalization. As crypto enthusiasts (and […]
August 31, 2023
The Best Gambling VPN: We Give You 6+ Options!Are you an avid gambler? A crypto aficionado? What about a fan of not-having-your-data-stolen? It’s safe to say we all are (especially here at Casinos Blockchain.) If you’ve spent any time in crypto/casino communities, you probably know about VPNs. Maybe you’ve heard that using a VPN can help you access sites that aren’t licensed in […]
August 31, 2023
Dogecoin Roulette: 2023's Top Picks [Tried & Tested]Casablanca? Diamonds Are Forever? Indecent Proposal? Now, you can live out your own glamorous roulette experience – with a meme-worthy Dogecoin twist. And we’ll tell you all about it! Welcome to your comprehensive guide on Dogecoin roulette – a one-stop, all-inclusive piece on DOGE roulette and it’s place in cryptocurrency gambling! We will delve into […]
August 30, 2023
7 Reasons Bitcoin is Still King of Crypto GamblingBitcoin casinos are a relatively recent, but strong trend in online gambling, which is shaping the sector’s future. They have many advantages over traditional casinos, including more transparency, better security, and faster payouts. The top Bitcoin casinos have tens of thousands of active players from across the globe, and there’s more than one reason why. Bitcoin is […]
August 30, 2023
6 Bitcoin Gambling Mistakes to Avoid in 2023Bitcoin gambling can be enticing and thrilling, offering the potential for both entertainment and profit. However, it also comes with its fair share of risks. Many individuals have made mistakes while engaging in Bitcoin gambling and understanding these errors can help others avoid similar pitfalls. In this article, we’ll take you through: Ready? Let’s go. […]
August 29, 2023
How to Bet on the World Cup With Crypto? Robust 2023 GuideThe FIFA World Cup 2023 is the biggest sporting event in the world. And, with the World Cup Final coming up, let’s talk about our top crypto sportsbooks for the event: Soccer aficionado? Casual football-enjoyer? This winter, all eyes are on Qatar as hosts the FIFA World Cup for the first time ever. The event has […]
August 29, 2023
What Are Fan Tokens? Everything You Need to KnowCryptocurrencies and sports… It might not seem like it, but they have a lot in common. Both are fast-paced, ever-changing industries – and, both enjoy millions of fans around the world. With crypto fan tokens, the two are coming together in a new way. Fan tokens bring us, the spectators, closer to the team than […]
July 3, 2023
GamesWhat’s the first thing that comes to mind when you think about crypto casino games? Provably fair roulette? Bitcoin slots? Edgier blockchain-based games like crash or plinko? There’s no casino game that you can’t play with cryptocurrencies these days. Browse our list below to find out where you can play them!
July 3, 2023
Best Bitcoin VIP Casino Programs (2023)Bitcoin VIP casino programs reward loyal players who continue depositing and playing on the platform. Think of them as casinos’ way of saying — you are appreciated, and here are some extra perks to go with that appreciation. The VIP programs at Bitcoin casinos deliver a plethora of bonuses, from deposit match deals to rakeback […]
June 27, 2023
Interview with 7Bit CasinoThe crypto industry is the perfect storm for change, so it’s more important than ever for blockchain casinos to stay up to date with the latest trends and stick with the times. We checked on one of our top-rated crypto casinos, 7Bit, to see what they’re doing to stay ahead of the curve. The Future […]
June 20, 2023
Empowering Future Psychologists: Blockchain Scholarship for Students Pursuing Higher EducationCasinos Blockchain is providing a scholarship opportunity for psychology students passionate about positively impacting their field. As part of the scholarship application process, students will be asked to write an essay on the following topic: “Can Temperament Type Predict Online Gambling Addiction?“ The scholarship is open to undergraduate and graduate students pursuing degrees in psychology. […]
June 13, 2023
Interview with BitStarzThe crypto casino industry is constantly changing. With regular crackdowns and ever-evolving regulations, staying up to date with news and trends is paramount. To make sure we don’t get left in the dust, we regularly check in with some of the top-rated casinos. The Future of Crypto Gambling Last week, we spoke to BitStarz Casino‘s […]
June 2, 2023
Americans Rely on Google. But Do They Trust It?“Google it” has become a daily part of most Americans’ vocabulary. We Google restaurants near us, products we’re interested in, people we’re curious about, and the occasional point to win an argument. But as Google’s algorithm has grown more sophisticated, there are rising concerns about the amount of data Google has on all of its […]
May 31, 2023
Bitcoin Casino Security: What Makes BTC Casinos Safe?Cryptocurrency and blockchain technology delivered a massive security upgrade to the world of online gambling sites. Bitcoin casinos, in particular, are now protected by distributed ledger technologies (DLT), where data is structured into blocks and where every block contains a record of transactions or a bundle of transactions. These blocks are interconnected in a cryptographic […]
May 15, 2023
Blockchain Casino Awards – The Best Crypto Casinos of 2023!Crypto casinos have introduced a slew of new and exciting possibilities to the world of online gambling—they are fast, secure, and more transparent than their traditional counterpart, which is just some of the reasons they skyrocketed in popularity over the years. Crypto casinos are all over the web, and we’ve decided to celebrate the most […]
May 12, 2023
Roulette with Ethereum? Our Top Picks for 2023Einstein once said, “No one can win at roulette unless they steal money from the table while the croupier isn’t looking.” We hate to disagree with this genius, but playing roulette at Ethereum casinos was likely something not even Einstein could have imagined. Here, you have a legitimate chance to beat the game and make […]
May 9, 2023
Fraud Feuds: More Money Lost in Bank Transfer Scams than Crypto ConsWith the volume of information stored online today, it’s easier than it’s ever been for hackers and thieves to uncover your personal assets and strike gold. But where exactly are they pulling off their heists, and just how much are they running off with? To answer this question, we looked at data sources across crypto […]
April 11, 2023
Blockchain Casino Awards 2023 - Criteria Revealed!Oh, boy. It’s that time of the year again! It seems like just yesterday when we started Blockchain Casino Awards – our little project where we reward the best in the world of online gambling. With so many new crypto casinos around, we believe it’s only fair to promote those that excel in innovation, encourage […]
March 30, 2023
Betcoin Casino ReviewLoading Betcoin for the first time can be quite a surprise: you will be whisked away to what looks and feels like a Vegas live show. Behind all that glitz and glamor, you’ll find a site with all the games you might want to play, a live casino to get more personal, and an extensive […]
March 22, 2023
Is There a BC.Game App? Yes - and We Tested ItDid you know that most gamblers use their mobiles to play at Bitcoin casinos? Chances are, you’re one of them. And if so, it’s no wonder you’re investigating BC.Game’s new mobile app. We’ll start off by saying that it’s not a traditional app, per se. It’s a web–based app that you can add as a […]
August 31, 2023
Best Bitcoin Gambling StrategiesLearn how to optimize your game with the best Bitcoin gambling strategies.
September 20, 2023
Best Bitcoin Casinos In AustraliaLearn about 5 stellar Bitcoin casinos accepting Australian players.
August 31, 2023
Bitcoin Slots At Brick And Mortar CasinosBitcoin slots are everywhere these days... except at land-based casinos.
August 31, 2023
Interview With EarnBet's Chief Operating Officer"Complete transparency and provable fairness" are the advantages of Dapps.
August 31, 2023
Interview With BGaming's Director, Marina Ostrovtsova"The main point of provably fair games is ensuring their outcomes are random."
August 31, 2023
Casinos Like BitStarz - Top Bitcoin Casino AlternativesLooking for a new casino? Check out these 5 crypto-friendly alternatives to BitStarz.
August 31, 2023
Blockchain Casino RNG - Randomness At Blockchain CasinosAre casino games really random? Can blockchain technology improve their fairness?
August 31, 2023
House Edge, Explained - Getting More Value For Money At Blockchain CasinosHow blockchain technology helps casinos reduce costs, lowering their house edge.
September 20, 2023
Anonymous Bitcoin Casinos – Your Guide to No KYC GamblingLearn how you can protect your privacy while gambling online at blockchain casinos.
September 22, 2023
Best Bitcoin No Deposit Bonuses (2023)Get all the information you need to take advantage of Bitcoin no deposit bonuses.
September 1, 2023
How Curaçao's New Gambling Regulations May Impact Blockchain CasinosReputable casinos are likely to come out on top while shadier operators may be severely affected. As part of a financial rescue deal with the Netherlands, the government of Curaçao has committed to introducing a new online gambling regulator by March 2021. Heavily reliant on the tourism industry, the island of Curaçao is expected to see […]
September 1, 2023
The New Paypal Crypto Wallet Might Change Blockchain Casinos For The Better. Here's Why.Discover how Paypal’s entry into the cryptocurrency market can directly benefit you. As recently reported by Reuters, Paypal users are now able to store, buy, and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their account. Blockchain enthusiasts can then shop and play with cryptocurrencies at the more than 26 million businesses currently on Paypal. […]
September 1, 2023
Online Games On Go Mojo Through Blockchain By FDJThe French Gaming Authority, La Française des Jeux, recently launched an online gaming platform with prizes of up to €100K. This platform is not only powered by blockchain, but also free to use. Only the Mojo counts. Free To Play Go Mojo is the result of a partnership between FDJ and RedPill. The last one […]
August 31, 2023
DAO.Casino – Blockchain Casino ProtocolDAO.Casino was formed by a software development team, based in Russia, who is looking to reap the well-known benefits of blockchain technology to implement them on the online gambling industry. Their main goal is to tackle big industry issues like lack of transparency and need for third party involvements to ensure quality. To help build on this, technologies like Ethereum’s Swarm or the IPFS […]
August 31, 2023
Interview with FunFair’s CEO Jez SanFunFair is without a doubt spearheading the movement of blockchain technology within the online casino business. The alliance between these two concepts is one that we have covered extensively. Since FunFair is built on the ETH blockchain, it joins the ranks of our Ethereum casinos selection, but it also fits within our general love for […]
August 31, 2023
Interview with Edgeless Co-Founder Tomas DraksasEdgeless is a blockchain based project whose goal is to offer players the chance to play on a decentralized casinos. The platform currently offers 2 fully working products: Dice and Blackjack. In order to play users have to use their native token EDG which is an Ethereum-based token (ERC20 more specifically). They are only in the […]
September 1, 2023
Blockchain Technical Committee by GSA (UK)Earlier this year the GSA – Gaming Standard’s Association – formed the Blockchain Technical Comitee. This is interpreted as a major hint that the GSA will be looking to integrate the technology behind cryptocurrencies onto the online gambling industry. How the committee plans to execute this is still unclear at this point. A meeting organized by […]
September 1, 2023
Bitcasino pioneers Fiat-to-Bitcoin conversionBig news for every casino enthusiast out there. Bitcasino.io is providing their users with the ability to directly convert fiat money (Euro or Dollar) into Bitcoin. This is the first time an online casino has implemented this kind of conversion service that eliminates the need of going through an exchange. This has been made possible through a […]
September 1, 2023
FunFair will revamp licenses for Blockchain gamingFunfair technology looking for licenses by regulators As we all know by now, everything related to online gambling is ripe for disruption and improvement, specially with the emergence of blockchain technology. Many projects know this and are trying to setup their “start-up” in the business using the technology behind cryptocurrencies like Bitcoin to take advantage […]
September 1, 2023
Would Gambling Tokens Benefit More from Bitcoin Cash?As we’ve previously covered, gambling is to blockchain what fish is to water. The advantages of bringing these two together are plenty and clear to see. However, due to the incipient nature of the technology, there are still some hurdles to overcome in order to make blockchain and cryptocurrencies the perfect environment for gambling, including sports betting, […]
September 1, 2023
Overwhelming blockchain casino club to raise $1 billion in MacauMacau, known as one of the world’s top destinations for gambling, is about to further raise its game as an international company is working on a billion-dollar ICO to build the world’s first ever blockchain-based casino gaming club in the island. Wide Rich Global Company, an investment venture based on Malta (yet another blockchain-friendly island), announced their […]
September 19, 2023
Provably Fair Casinos – The Ultimate Guide to Provably Fair GamblingProvably fair casinos have revolutionized online gambling. The concept removes even the tiniest possibility of a rigged result. With provably fair games, you can verify the authenticity of each bet you place. This means the casino can’t manipulate the outcome because the result is verifiable. Provably fair games are available at a growing number of […]
September 1, 2023
Isle of Man reaffirms its leadership by launching new blockchain office and sandboxThe Isle of Man, a jurisdiction with one the world’s most advanced legal frameworks for cryptocurrency and iGaming, is launching a new Blockchain Office and regulatory sandbox to cater to the relinquished billionaire blockchain market. As reported by FSTech, the office will be dedicated to facilitating communication between regulators and companies in the sector, enabling the industry to flourish in […]
September 1, 2023
Fishing Master – TRON Gambling Dapp ReviewFishing Master is a blockchain gambling game, and in fact, one of the most popular DApps – decentralized applications – on the Tron platform overall, with an average of 2.3k daily users as of February 2019, according to DappRadar. Its simple gameplay is based on casting a fishing rod in order to receive a random amount […]
September 1, 2023
Malta Blockchain Summit 2018Malta has cemented itself as the “Blockchain Island” by now given its very friendly approach toward blockchain related businesses. Binance and OKEx are major players in the game who have announced their relocation to Malta. To capitalize on this momentum, Malta’s Blockchain Summit is set to take place on 1-2 November on St. Julian’s InterContinental […]