Using your "round numbers" logic, if you are playing 1/2 @ BTC= $1000 each chip = $1, if you are playing 1/2 @ BTC= $10000 each chip = $10 etc. etc..

As the rake increases, so "should" your profit and vice versa.

This completely ignores that most players (especially losing players) have a $ denominated bankroll and a $ denominated amount they are willing to spend on poker.

I refuse to believe that the players playing 1/2 today are the same skill level as the players playing 1/2 6 months ago or a year ago, as a reasonable bankroll today would be 5K+ in USD and a year ago it would be a few hundred bucks.

The level of play goes up when the magnitude in dollars of the stakes increases because more sharks come in when there is the potential to win thousands of $ and less fish can afford to lose thousands of $. A lot of people itt seem to pretend that is not the case but I think that is a bit absurd.

As level of play goes up, edges go down which means win rates (in bb/100) go down, which means rake should go down as is the industry standard.

This post is spot on. People get chips on this site with USD/other fiats and chips are simply a converted currency. Using just a percentage-rake based argument is completely flawed.

Yep. I was playing 4-6 tables of mostly 5/10 and down to 2/4 just six months ago. Now those games don't even run, so I'm doing 4-6 tables of 0.5/1 and 0.25/0.5.

Perhaps the rake caps, krill, freerolls, and other things could be periodically adjusted to account for changes in the purchasing power of bitcoin. Something like an adjustment factor could be automatically calculated weekly. It could take into account the bitcoin price in multiple currencies on the top two or three major exchanges, and roll them into a single index 'x'. Then krill can be awarded as sqrt(rake * x), and rake caps could be (baseline cap for current game * x), etc.

Agree with this.

I think most people are too lazy to convert the rake back to USD and notice that the rake on swc is not competitive. It was competitive when BTC was a lot cheaper.

One week of playing mostly short handed on swc I got back 600 chips in table starter bonus. I thought that was nice but quickly realized I paid over twice that much in rake.

I think it is somewhat lol that people are complaining about "rake increased to non-competitive levels due to increase in value of btc" -- you are playing on a site where the value of your entire bankroll can fluctuate wildly every single day. I'll check later on today but I'm pretty sure the games I've been playing on seals still have a lower bb/100 rake than any other site I play at. Not only that, seals went to the fractionalized chip and created the micro levels when btc starting shooting up months ago -- the 0.05/0.10 game on seals now is the same stake USD wise as the 1/2 games were when btc was $40-$50. It seems to me there is a simple answer for anyone complaining that the rake is eating their profit up due to their edge being less because their games have gotten tougher since btc has shot up -- you need to move down. Just my 2c but I truly do not understand all this complaining about the rake...

You think swc reduced their rake in November because they wanted to be nice guys? It was because BTC shot up to over $1000 each and they recognized their rake structure at the time was not competitive.

I'm guessing you would have been fine if they left the rake at a 10 chip max.

Well considering I play micros probably wouldn't affect me much, haha. My apologies though to those complaining, thinking about it I can see this would be a concern for some players due to how SwCs cap is and I wasn't aware it used to be 10 chips. I guess it all depends on your game. I can say is for micro ring NLHE game from a bb/100 perspective I pay less rake on SwC than any other site and its not close, so its not all bad for everyone.

What? The cap cut(s have) affected micros massively.

nimbus: Yeah, you're right, the HU rakes (for MS+) are weirdly not in line with the rest.

I am interested in getting money on a bitcoin poker site. Which is best? Which has highest stakes available?

I own bitcoins already, but am unsure the process of moving them to the site ect.

Do I need to sign up for rakeback?

Anything else?

As you can see many questions...and I'll have many more.

seals has the most action, just open up an account on seals there you will see BTC address and send your btc to that address

you have to grind to get rakeback, will take a while but the more you play the more "points" you earn and the more your rb numbers go up.

You are auto-enrolled. You earn lifetime points. The more points, the higher the RB percentage. See the FAQ at the web site.

RB is credited to your account once a week on Monday.

I see on the website something about a 50% rakeback for table starters. Will this be automatic too?

Thanks for your helps guys. Much appreciated.

How do we get a thing imbedded into these forums to make it super easy for me to micro-tip someone?

I'd love to be able to send both of you a micro-tip with one click.

Thanks again and gl at the tables!

Its auto and sent out on Mondays if I remember correctly.

Why can't I seem to get the desktop client to work?

How can such a flashy web page have such an unflashy client? Where is it supposed to be installed even?

About to sign up.

I got it to work and download easily on the older version but since last update I have not been able to, I would also like some advice on this.

Until the Winning Poker Network starts accepting them; apparently any day now.

I thought they started accepting them yesterday.

Anybody else having server issues right now?

I believe it was put on hold for a day or two; there's a thread in their forum with more info.

Anyone else have a delay in cashing out? I have one pending almost 2 days now.

Apparently they will not be accepting BTC from USA players.

Source?

start at post #23

http://forumserver.twoplustwo.com/21.../#post41718514