New Bitcoin-Based Gambling Site Chopcoin Opens

11 September 2015

Newbitcoincasino

When bitcoin exploded in popularity over the past 18 months, it created a situation where a lot of people thought it would be perfect for online gambling transactions. The crypto-currency is particularly anonymous, though sometimes to the point of fault for some users, and it seemed perfect for many people who wanted security and safety with their online gambling transactions. Some German developers have created a new service called Chopcoin that allows players to gamble in an arcade-style game setting using this currency.

Various Stakes and Game Rooms

There are four basic game rooms for playing Chopcoin. The stakes are based on the room you're in. A free play room is available for players who want to play for fun and get used to the game. There's also a 0.0001 btc room that has entries worth about $0.02 at the time of this writing. The main room has buy-ins of 0.005 btc (about $1.20), and the high roller games come in at 0.01 btc ($2.40). While the stakes aren't particularly high at this point, they could increase as the concept proves viable and players are willing to put up more money per game.

How the Game Works

The game concept itself is probably familiar to a lot of players. You start off in a two-dimensional area as an orb. You can absorb/eat other orbs as long as they are smaller. This gives you an advantage in being larger, but it also comes with a price because you become slower and less agile. The larger you get, the more strategic options you have with the ability to split into multiple, smaller orbs and being able to use other types of abilities that "cost" some of your size. The largest orb at the end of the game, usually ten minutes in length, is the winner.

Implications for Other Types of Online Gambling

If the Chopcoin concept works out with it's core game, then we could see more games added in the future. One of the potential problems with this approach is that it keeps the account balances in bicoin, an issue that has sometimes led to a ton of volatility for the bankrolls of the players that rivals the actually gambling that's going on.

Related News

  • 15 January 2017

    Vegas Crest Casino Adds GameArt and Xplosive Slots

    New games are an extremely important part of the growth of any online casino. The reason for this is that players can get bored with seeing the same old thing over and over, and that puts them in a position where they really need something new to maintain their interest. Vegas Crest Casino has taken measures to make sure that they start off into 2017 with plenty of new titles to get excited about thanks to a couple of new deals.

    Read full article
  • 15 January 2017

    Bingo Billy Offering $15,000 Jackpot Party

    Bingo Billy is looking to help players start off the year on the right foot, and they're doing this with a big game this weekend. A $15,000 jackpot game is up for grabs in the Jackpot Party Room on Sunday, and it'll run from 8 pm through 12 at midnight. There's a jackpot every hour during this time period, and you'll see Everybody Wins games during this four-hour period as well. Overall, it's a pretty serious promotion and a chance to get in on the action with some online bingo.

    Read full article
  • 10 January 2017

    Virtual Reality Online Casinos in 2017

    If you go back a couple of years, Microgaming was the first company to present a virtual reality casino game that included current technology. It was a roulette game shown at industry trade shows, and it got a tremendous reception. A lot of players thought that smartwatch apps were going to be the next big thing for the online casino industry, but instead, it's virtual reality, or VR for short. How VR Online Casinos Work There are two main components of a virtual reality casino.

    Read full article