Etheroll’s Wealth Week XIV is Now Open for 7 Days. 388 ETH to Claim.

388 ETH up for grabs in Etheroll’s Wealth Week XIV!

Wealth Week XIV Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

DICE holders can now claim their share of Etheroll’s Wealth Week XIV and the 388 ETH payout under the ‘My Rewards’ tab at rewards.etheroll.com.

You may need to clear your browser cache in order to see the updated ‘OPEN’ status and full instructions to claim at rewards.etheroll.com.

Ensure to include at least 100,000 gas in order to complete the transaction and keep your eye on gas prices as you submit your transaction to check you are setting the right gas price to match current market conditions.

Once you claim your rewards, ether that you receive will be shown under your ‘Internal Transactions’ tab on etherscan.io.

ÐICE rewards rely entirely on the ÐICE token holders effort and/or participation. Without the ÐICE token holders effort and/or participation, rewards for those ÐICE tokens are forfeit. No exceptions.

It is important that you read and understand the instructions posted in order to claim your ÐICE rewards next week. It is the sole responsibility of the ÐICE token holder to follow the instructions and steps outlined in the link above in order to claim any and all ÐICE rewards.

NOTE: DICE tokens are currently locked and cannot be transferred during the 7 day rewards period. If you attempt to transfer tokens during the rewards period you will need to recreate the transfer after the rewards period has closed in order to complete the transfer.

ATTN ÐICE holders: You have <2 hours to pull your ÐICE tokens from exchanges

ATTN: ÐICE holders, you have <2 hours to pull your ÐICE tokens off exchanges and into a wallet that you control the private keys to in order to participate in Wealth Week XIV and receive your share of the massive 388 ETH to be distributed to ÐICE holders over the next 7 days.

Wealth Week XIV Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Details on how to participate in next week rewards period are available here.

ATTN ÐICE holders: You have <24 hours to pull your ÐICE tokens from exchanges

ATTN: ÐICE holders, you have <24 hours to pull your ÐICE tokens off exchanges and into a wallet that you control the private keys to in order to participate in Wealth Week XIV and receive your share of the massive 388 ETH to be distributed to ÐICE holders over the next 7 days.

Wealth Week XIV Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Details on how to participate in next week rewards period are available here.

ATTN ÐICE holders: Wealth Week XIV Update – Part II

ÐICE gang,

We are bringing more good news to the table today with an extra 186 ETH locked in for distribution to ÐICE holders bringing the total distribution to a whopping 388 ETH for Wealth Week XIV which begins November 2 at 9:30AM UTC.

Make sure to pull your ÐICE into a wallet you control so you are able to participate and receive your share of the rewards this quarter!

QXIV Rewards Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Feeling lucky? Roll the dice today at etheroll.com.

Details on how to participate in next week rewards period are available here.

ATTN ÐICE holders: You have <48 hours to pull your ÐICE tokens from exchanges

ATTN: ÐICE holders, you have <48 hours to pull your ÐICE tokens off exchanges and into a wallet that you control the private keys to in order to participate in Wealth Week XIV. Tokens will be locked during Wealth Week, so if you do need to move them, make sure you move them before the dates outlined below.

Wealth Week XIV Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Details on how to participate in next week rewards period are available here.

ATTN ÐICE holders: Wealth Week XIV Update

ÐICE gang!

Since our last post Etheroll has posted a significant increase in quarterly profits for valued ÐICE holders with a total of 202 ETH now locked in for distribution next week, up from just 22 ETH less than 24 hours ago. Incredible how this game can turn around.

We are very pleased to close quarter XIV in profit for our valued ÐICE holders once again with a total of 202 ETH transferred to the treasury account in preparation for Wealth Week XIV’s distribution phase beginning November 2, 2020 9:30AM UTC. 202 ETH is now up for grabs via our 100% distribution rate next week. Make sure you can participate. Pull your ÐICE tokens off exchanges and into a wallet that you control the private keys to now.

This is great news on the back of a tough recent quarter for Etheroll and the Ethereum network in general, a quarter in which we experienced record high network-wide gas prices resulting in record low game volume (on the back of record high gas prices and increased minimum bet). We are pleased to see turnover volume return as gas prices ease and players return to roll the dice again on the back of lower transaction fees. We would like to see network fees continue their downward trend, which will allow us to reduce the minimum bet even further promoting higher betting volume over the long term.

QXIV Rewards Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Feeling lucky? Roll the dice today at etheroll.com.

Details on how to participate in next week rewards period are available here.

ATTN ÐICE holders: You have 7 days to pull your ÐICE tokens from exchanges

ÐICE gang! Wealth Week XIV begins Nov 2, and you know what that means. Yep, that’s right! You need to pull your ÐICE tokens off exchanges and into a wallet that you control the private keys to in order to participate in Wealth Week XIV and claim your ETH!

With the bankroll currently only just being in the black this quarter (currently +20 ETH) we will still be going ahead at this point in time in distributing rewards, so make sure you are able to participate and claim your share next week.

Note that the final amount of ETH distributed next week will likely change over the coming days as we draw closer to the rewards date. Don’t get caught off-guard like so many every quarter, be sure to prepare early and pull your ÐICE tokens today!

Wealth Week XIV Dates

November 2, 2020 9:30AM UTC – November 9, 2020 9:00AM UTC.
Duration: 7 days

Details on how to participate in next week rewards period are available here.

Minimum bet lowered to 2 eth from 3 eth

Thanks to sustained lower gas prices on the network we have lowered the minimum bet to 2 eth down from 3 eth. We hope this lower gas price trend continues and we can further lower the barrier of entry for our valued players as we look forward to lowering the minimum bet even further moving forward. We will continue to monitor the network gas price situation and adjust our minimum bets accordingly.

Gas price inflation update and dynamic minimum bet size introduced

Ethereum’s network fees have surged over 3,500% year-to-date. In January, the average transaction fee on Ethereum was $0.08, now the average fee is well above $3. Fees on the network are rising, even after ETH miners increased its gas limit from 10m to 12.5m per block. The hashrate is hovering above 200k GH/s, a level that has not been seen since 2018. The hashrate is rising as demand for DeFi applications has been growing exponentially over the last few months. So much so that DeFi platforms have seen their total value locked go from less than $1 billion in May, to over $4.6 billion today.

Etheroll pays transaction fees to the network for each game result. These costs have risen in line with network-wide transaction fees. The extreme surge in the cost of transacting on the network forces our hand into increasing the minimum bet to 3 eth and our result gas price to 200 gwei in order to be able to provide the network the fees required to return game results in a decent time-frame for players and to ensure the game continues running in a profitable manner via the built-in 1% house-edge mechanism.

In other words, we have built-in a dynamic minimum bet (‘cost’ to player) and result transaction fee (real cost to etheroll) which will be adjusted according to be economically viable and to match the gas market conditions daily until we can write and deploy much more gas efficient contracts or transaction fees fall. Of course, we have seen spikes in gas prices before, and hope this is only a temporary measure until gas prices come back down to earth after the hype surrounding the latest DeFi craze calms down. We saw gas price spike due to the ICO stage in 2017 and again with Cryptokitties in 2018. Eventually, network fees did return to normal, however we have never seen them rise like this, which is why we are taking such drastic action.

In light of this, our primary focus now is the complete re-engineering of our smart contract in order to attain a level of gas efficiency on the network which would allow Etheroll to scale and thrive during times of massive gas price increases such as this. In the meantime, these adjustments we are making today mean we are still able to cater to players who enjoy the thrill of playing Etheroll with a generally higher minimum bet (high rollers) even during times of massively increased gas fees.

We will continue to provide updates as necessary.

Wealth Week XIII Is Now Closed. ÐICE Tokens Are Unlocked.

We are pleased to announce Wealth Week XIII is now closed and ÐICE tokens are now unlocked and available for transfer as per normal.

Our next rewards period opens 12 weeks from today on November 2, 2020. Save the date in your calendar to ensure you are able to participate in the next round. If you attempted ÐICE transfers during the lock period which were unsuccessful due to the lock period, you can now submit those transactions again in order to move ÐICE.