Just-Dice.com is a cryptocurrency gambling site, or more specifically a dice site that has been running continuously since June 2013. That’s almost an eternity in the cryptocurrency space so you can feel safe knowing that they’re unlikely to run off with your coins. On Just-Dice.com, players can make bets on dice rolls and the site makes money by giving the house a slight edge of 1%. While gambling is very unlikely to provide a consistent profit in the long term, investing in the site’s bankroll for others to bet against means that the odds will be in your favor.
Originally, Just-Dice.com used bitcoins but due to concerns about government regulation, the site owner dooglus switched to an altcoin called Clams (CLAM). The initial distribution of Clams was quite interesting – a snapshot was taken of the Bitcoin, Litecoin, and Dogecoin blockchains on May 12, 2014 and all addresses containing non-dust amounts of BTC, LTC, or DOGE at that point in time were given 4.60545574 CLAM for free. The intention was to make the distribution of the coin as fair as possible. If you held coins during the snapshot, you can claim them directly from Just-Dice.com. Just type /dig in the chat and it will give you the directions. Clams can also be bought and sold for BTC on YoBit and FreiExchange.
If you decide to invest in the site’s bankroll, some weeks will be more profitable than others because big wins will reduce the site’s profitability and big losses will increase it. Larger investments will tend to produce greater profits and the appreciation or depreciation of the price of the Clams cryptocurrency itself will also affect your profit in dollar terms.
As of July 2, 2024, 1 CLAM is worth about $0.20. I have almost 60 CLAM invested in Just-Dice.com worth about $12 in total. In order to give you a good idea of what you can earn, I have decided to share a table of my earnings over the past 12 months (click to expand):
As you can see, I was able to turn 55 CLAM into almost 60 CLAM in 12 months. This represents an annual return of about 9%. Just-Dice.com will also stake your coins for you since Clams is a proof-of-stake (PoS) cryptocurrency similar to other PoS coins like Peercoin and Nxt. In order to pay its expenses and make some money for itself however, the site also charges a 10% commission on investment and staking profits when profits are divested or at the end of each week – whichever happens sooner.
I hope this post has been helpful to anyone interested in investing in cryptocurrency gambling sites to make some passive income on the side. If you have also invested in Just-Dice.com or a similar site and wish to share your own experience, feel free to post it in the comments.