BitcoinPenguin: More Gamblers Jump to Bitcoin Every Day
While casino business is a well-established industry, yet nowadays many governments restrict their citizens’ right to gamble and impose harsh regulations on casinos and all kinds of betting. Some countries even prohibit gambling completely. As the internet was expanding, the online casinos started to rise. However, the traditional online gambling had (and still has) some inherent flaws like mistrust, frauds, and cash flow delays.
The invention of Bitcoin in 2008 gave a new birth to online casinos as the new technology successfully addressed the most of online wagering issues, and the invention of provably fair mechanism resolved the latter one. Our interview with BitcoinPenguin casino highlights the current state of bitcoin gambling industry.
FL: How do you estimate the total amount of cryptocurrencies flowing through bitcoin casinos?
BP: It’s difficult to talk about the exact numbers, however according to Google Trends the interest has been going up steadily. So, it is safe to say it is quite massive. According to some estimates, the total amount of bitcoins wagered on all of the sites operating with the SoftSwiss platform in 2014 was about 10 million US dollars per month. I bet it is even higher now, and Softswiss is just one of many platforms.
FL: Which new trends do you see in the bitcoin gambling industry?
BP: I think we are seeing a shift in attitude in the industry as it matures. We (as an industry) are no longer perceived as sketchy, but rather an alternative, more convenient way to play. People are starting to trust crypto casinos more.
FL: Can we say that in crypto casino industry there already is a group of professional gamblers?
BP: Yes, I don’t think the player base on bitcoin casinos is much different than the people on regular online casinos. There are hobby players, high rollers and whales. More and more gamblers are jumping to the bitcoin side every day.
FL: Could you comment, how do you keep records of games played? Do you consider keeping game records in blockchain being more transparent for players?
BP: It was necessary in the beginning when no one would trust a crypto casino. I think there are better solutions available now than spamming the blockchain with every single transaction. You can still see the payouts, just not every game played. We at Bitcoinpenguin don’t like spamming the blockchain, like some dice games do. But I’m not a dev and not 100% up to date with the technology.
FL: Do you plan to introduce some new games to your collection?
BP: We constantly introduce new games as our game providers release them. We currently have 3 providers, potentially introducing more soon as more big providers get accustomed to bitcoin. Our most recent new game was Alkemor’s Tower Slot by Betsoft Gaming, released last week. Betsoft is less of bitcoin inclination and more of a mainstream provider; still, it is not provably fair yet, unfortunately. All of our Softswiss games are provably fair, however. Alkemor’s Tower is a great new slot with excellent HD 3D graphics.
BitcoinPenguin.com is a Bitcoin casino, established in the year 2014 and located in San Pedro, Belize. What makes them interesting is that unlike many other Bitcoin casinos, they have been offering their players to gamble with different cryptocurrencies, like Bitcoin, Litecoin and Dogecoin from the start. Among its differentiators there also is truly international availability thereof, which includes the option of lawful anonymous gambling for American, British, and CIS citizens. They also offer a very impressive game selection from various providers like Betsoft Gaming, SoftSwiss, and Amatic.
Website & software
The site has a comprehensible interface on an eye-candy blue background. The website has a valid SSL certificate, so it can work via secure connection, while the platform used is provided by SoftSwiss, being one of the major providers of secure casino software for bitcoin betting sites. The registration process is simple and anonymous: all you need to start playing is to sign up and to make your first deposit.
Which games are available?
The full list includes more than 200 games, including featured games such as European Blackjack, Minesweeper, American Roulette, Billyonaire, Gold Diggers, Greedy Goblins, Platinum Lightning, and Good Girl, Bad Girl, not to mention thirteen types of video poker being offered. All games are playable with multiple cryptocurrencies.
What we also liked is that there is a separate list of games available for mobile playing:
The games are carefully divided into categories:
– Featured Games
– Jackpot Games
– Poker Games
– Video Poker
– Table Games
– Card Games
– Fruit Slots
– Theme Slots
1. The High Roller Bonus: deposit more than 1 BTC at once and the casino will grant you an extra 0.5 BTC to play with.
2. Refer-A-Friend: you can add a referral link to your bitcoin forum signature (eg. Bitcointalk forum) and earn each time when someone joins the casino using your link.
3. You can also check their blog for hot bonuses.
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