• 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

    • 18 March 2019

      NetEnt Obtains Pennsylvania License

      NetEnt has recently announced that its subsidiary, NetEnt Americas LLC, has been given a conditional license so that the company can distribute its extensive portfolio of games to the newly regulated Pennsylvania market. NetEnt Expanding Its United States Reach NetEnt has already been granted a full license to operate in the state of New Jersey.

      Read full article
    • 06 March 2019

      Play'n GO Releases Wild West Slot Golden Colts

      Online gaming company Play'n GO has announced that it will be kicking off spring with a 5-reel, 40-line slot called Golden Colts. About Golden Colts Golden Colts is not your average Wild West slot title. It does have all of the staples, including a sheriff and a gang of bandits, but it also has surprises that will keep players on the edge of their seats.

      Read full article
    • 04 March 2019

      Wazdan Showcases Seven New Games

      In January, Wazdan said that they would postpone the announcement for their two new February titles to coincide with the ICE event in London this year. However, instead of simply announcing two new additions to their gaming portfolio, Wazdan went above and beyond during their ICE showcase. The company is known for pushing limits and consistently churning out exciting new content, but nobody expected the seven-game blowout that Wazdan unveiled in London. Space Journeys, Sequels and More

      Read full article