[CoinPoker] - Ex-Official - Bringing the Game Back to Players
Hello Everyone,
This is the Official Thread of CoinPoker (previous thread)
CoinPoker: The Decentralized Poker Room Built for Players, by Players
Developed by an ambitious team of poker lovers, CoinPoker is a revolutionary platform that uses blockchain technology to address key issues in the poker industry. Despite being far from our vision for CoinPoker as the biggest poker room in the world, our team is proud to be the first project of its kind to deliver on the promises made during its ICO period.
Lengthy payment processing, limited transparency on fair play, as well as a blase attitude towards community feedback are just some of the prevalent problems in today’s online poker world. Since CoinPoker launched at the end of 2017, it has attracted a growing community of players and investors who share the same goal of bringing the game back to players.
Using Decentralized Technology to Ensure Fair Play
One of the key benefits of the blockchain movement is that it empowers users by adding transparency and convenience to traditional services. Poker rooms in particularly reserve the rights to hold player funds and release them at their own discretion, and as a result of complex payment systems simple transfers can be delayed by as much as weeks.
The Benefits of Cryptocurrency Powered Bets
All deposits, withdrawals, and bets on CoinPoker are powered by the cryptocurrency token CHP (Chips). The use of CHP speeds up payments, and gives players the ability to track payments to and from their account on the public Ethereum network.
CHP token holders are able to quickly move funds to and from their CoinPoker account, and for passionate advocates of the project it is a means to invest in the platform as it continues to grow and expand. It is also possible to exchange ETH tokens to CHP inside the CoinPoker app, making it as easy to acquire as one of the most popular assets on the crypto market.
Available on a growing list of exchanges including KuCoin and HitBTC, CHP tokens are in the process of being adopted by other gaming businesses in the near future.
Player Impact Shown on a Decentralized Random Number Generator (RNG)
Fast payment processing is not the only way CoinPoker wields decentralized technology for the benefit of the player. Random number generators (RNGs) used to shuffle decks in a variety of card games (poker included) have often been scrutinized by players as mysterious and, as a result, they are often approached with suspicion.
Trust is essential between a player and poker room for the experience to be optimal, which is why CoinPoker will be introducing a fully decentralized RNG this year. The feature will be the first of its kind in the poker industry, and will give players the possibility to view their impact on dealt hands in a visual dashboard alongside hand history.
Internationally Accessible on Desktop and Mobile
Players from all over the world are able to access our desktop client, and our launch of an Android app has already resulted in thousands of players hitting the tables while on the go. Coming soon is the release of the CoinPoker app for iOS, which we expect to release this summer.
CoinPoker’s Community-Centric Business Model
Central to our operations is carefully monitoring feedback from our players. The success of our ICO is owed to a diverse group of small and large investors, many of whom are now active players, and we feel a strong obligation to make sure their needs and wants are met.
This is why we have invested heavily in hosting epically proportioned promos from the get-go, in line with the promises made during the ICO period.
Millions of CHP Awarded in Large Scale Tournaments and Promotions
Since launching, CoinPoker players were given the opportunity to win a Tesla, collect over 400ETH in various tournament series like ETH Madness, participate in a 10,000,000 CHP Added Crypto Series of Poker (CSOP), and win millions of CHP in daily freerolls
and freebuys.
Introducing Rake after Operating Rake-Free Since the 2017 Launch
After boasting zero rake on games for over half a year, CoinPoker will be introducing rake as a means to facilitate future growth. The revenue will be allocated towards future promotions, development costs, and the funding of new and ongoing partnerships with leading poker associations to establish our brand and give players exciting opportunities to play across the globe.
Community is the Key to CoinPoker’s Success
If you’re an active player, investor, or curious passerby please feel welcome to [U][COLOR="Blue"]join our community on T... or [U][COLOR="blue"]check out our blog[/COL... for the latest news on promotions, app updates, and partnerships as CoinPoker reaches for the moon.
Our Community Manager Nathan will keep an Eye on this Thread so if you have any Questions regarding CoinPoker & CHP feel free to ask and He would be happy to help you.
We Thank you for being Part of Our Amazing Community,
The coinpoker team
You can check our One Pager here:
** Mod Edit - Previous official thread: https://forumserver.twoplustwo.com/28/in...
Sorry if this has been discussed before, but what was the rationale behind 7 handed tables?
The 4 handed tables are nice but don't run that often, and 7 handed 2 blind poker is pretty lame (even with the ante).
Sorry if this has been discussed before, but what was the rationale behind 7 handed tables?
The common view is it is to dick skilled players over.
If a typical "good" table is one bad player and the other players trying to profit off that one bad player, then at commonly offered 6 handed tables you have 5 players splitting that 1 bad players loss. But with these bullcrap 7 handed tables, that GG Poker is now also using, you are now left with 6 players splitting that 1 bad players loss. You as a winning player get less of a share of the bad player at 7 handed.
The common view is it is to dick skilled players over.
If a typical "good" table is one bad player and the other players trying to profit off that one bad player, then at commonly offered 6 handed tables you have 5 players splitting that 1 bad players loss. But with these bullcrap 7 handed tables, that GG Poker is now also using, you are now left with 6 players splitting that 1 bad players loss. You as a winning player get less of a share of the bad player at 7 handed.
This explanation doesn't really make sense. The ratio of good/bad players doesn't depend on table size. If exactly 1/6 players are fish, a 6 handed table will have an average of 1 fish, and a 7 handed table will have an average of 1.17 fish. And if the 7 handed tables are meant to screw over skilled players, what are the 4 handed tables for? By the same logic, it should benefit them since now only 3 players are splitting the fish's loss.
This explanation doesn't really make sense. The ratio of good/bad players doesn't depend on table size. If exactly 1/6 players are fish, a 6 handed table will have an average of 1 fish, and a 7 handed table will have an average of 1.17 fish. And if the 7 handed tables are meant to screw over skilled players, what are the 4 handed tables for? By the same logic, it should benefit them since now only 3 players are splitting the fish's loss.
The Coin Poker switch from 6 handed to 7 handed was around April, 2023. I have no clue when these 4 handed tables began, but it didn't have to be at the same time or for the same reason, which you seem to incorrectly be assuming.
4 handed tables are better for skilled players as you share the bad player with less players. Just as taken to the extreme, heads up tables are best for skilled players as you get the bad player to yourself. Over a decade ago now, in the Pokerstars thread, Pokerstars Steve or whoever it was talked about internal data showing how the fish get destroyed extremely fast as the number of players at the table decreases. Many sites have thought to get rid of heads up tables and some have. From the poker sites point of view, it might be seen as a protect the fish so their money lasts longer and get raked more often. But from from a player point it is what I said. You thinking this makes no sense with your fractional fantasy is your own issue. Even Jnandez, a sponsored Coin player, has discussed the players per fish point more than once in a recent YouTube videos if anyone wants to go find it and timestamp it.
Edit time expired, but I haven't seen any poker tables with 7.17 seats. If you were to choose between a poker site with 6 handed tables or a poker site with 7 handed tables, then you would be better off at the 6 handed table poker site. And damn I haven't even talked about rake much here, but I don't think anyone is mistaking Coin Poker for a low rake site, which makes the above points even more important in players per fish.
so what's going on with the CHP token? wasn't a new launch coin supposed to happen at the beginning of this year?
so what's going on with the CHP token? wasn't a new launch coin supposed to happen at the beginning of this year?
Not only this but I am certain the wrong amount of CHP is being paid weekly as rb, it seems to be way less than before. Because it’s so complicated it’s very hard to work out what is correct, I don’t have the time to bother with this but I am certain there is less CHP being paid.
Again for the 100th time, wtf is the point in CHP or another dumb token, pay rb in USDT do you realise how much better the games will be? A random fish (has been me many a time zeroing my acct too) who deposits 1k USDT, plays through it in mtt entries in a Sunday and the odd cash game dabbling and is left busto on a Sunday night, save for some chp on a Monday, which he can’t sue until he deposits again, if this few hundred $ was paid in usdt, he plays more to spin it up, and more games run, more rake generated and rinse repeat. Stop being short sighted and change the rb system.
This is obvious stuff.
I was hoping the rep would answer too.
This explanation doesn't really make sense. The ratio of good/bad players doesn't depend on table size. If exactly 1/6 players are fish, a 6 handed table will have an average of 1 fish, and a 7 handed table will have an average of 1.17 fish. And if the 7 handed tables are meant to screw over skilled players, what are the 4 handed tables for? By the same logic, it should benefit them since now only 3 players are splitting the fish's loss.
This isn't how it works though. If a rec sits, the table fills with pros, whether its 4, 6, 7 or 10 handed.
More seats is also generally worse for the rec since they're going to play high vpip.
I'd agree with the point about 4 handed tables except they're massive ante and no one seems to want to play them.
so what's going on with the CHP token? wasn't a new launch coin supposed to happen at the beginning of this year?
I was given January as an estimated date and posted that here yes, unfortunately the devs are running into delays as a small site with a limited dev team for a new token launch, we are currently hiring more staff asap. I will keep chasing it up as much as I can as well.
Will ask this too. A bit above my paygrade but would assume they've decided it's better for the site's liquidity / ecology or is related to revenue, ultimately a poker site does have to make revenue to cover operating costs.
Similar to the below - lots of crypto betting sites have tokens as a way to make revenue and cover operating costs, this was mentioned by other posters here when you asked before @dappadan777, you weren't ignored. It's not much different to sites that choose to have a complicated VIP program instead of flat rakeback. There aren't many places where you can outperform 31.35% effective rakeback after fees, and while our system may annoy some players, others don't mind it. It is possible to also profit from a token ICO as a holder, CHP had a bull cycle from 2021 to 2023
Not only this but I am certain the wrong amount of CHP is being paid weekly as rb, it seems to be way less than before. Because it’s so complicated it’s very hard to work out what is correct, I don’t have the time to bother with this but I am certain there is less CHP being paid.
Again for the 100th time, wtf is the point in CHP or another dumb token, pay rb in USDT do you realise how much better the games will be? A random fish (has been me many a time zeroing my acct too) who
I was given January as an estimated date and posted that here yes, unfortunately the devs are running into delays as a small site with a limited dev team for a new token launch, we are currently hiring more staff asap. I will keep chasing it up as much as I can as well.
appreciate it. for some reason the staff in discord wants to completely ignore my question
Almost everyone itt and on Reddit hate the rb system (not the 31%, but the CHP element). All I’m saying is clearly the games would be better if it paid in usdt for the reasons I outlined. If you have to keep it as a token and there’s nothing that can be done then I’ll just stfu but logically USDT makes much more sense, anyone can agree with that.
Reply from the higher ups:
'CoinPoker initially adopted 7-handed to mitigate to table balancing in h4h at the bubble and pay jumps. It was extended across to ring games to retain commonality across our offerings, as a unique identifier for CoinPoker and as we already had 4 handed it could be a bigger contrast in players per table on our full ring and short handed tables. An additional benefit was that at the time Solvers and sims were not generally set up for 7 handed. We appreciate that the main negatives of offering 7 handed are most players are used to 6 max. This will be a consideration when we conduct a wholesale review of our product offerings this quarter.'
They're not married to any particular offering and if the number of tables could be increased by switching from 7 to 6 it would of course be good for everyone. Will keep bringing it up - Mario was keen on 6-max too when he joined as an ambassador but things at CoinPoker do unfortunately take a while to be implemented with the amount of staff we have, until we improve on that.
love the site
one thing: its really hard to see the cards in 5c.... does any1 else find this to be the case?
hi. Any advices on how to get CHP at better rate? Buying from the client is really shitty thing. Although the client said its 5% fee, its nearly 14% now. Less liquidity on swap site...33% sounds good rakeback but the value goes down like half of that because of how difficult to get CHP at good rate.
can't we see mucked cards on coinpoker? like I bet river, guy calls and mucks but I have no idea what he called with? that's normal?
i know now there were many reasons for the 7m tables, but i think oen that really doesnt make any sense anymore is to have 7max so that it isnt too similar to the 4max. there are no 4max games running, so the popular 6max game shouldnt be influenced at all by a game that doesnt run.
I would like to see 6max implemented instead. 4max will prob have about the same action anyway.
but i really just want bigger plo5 cards =)
hi. Any advices on how to get CHP at better rate? Buying from the client is really shitty thing. Although the client said its 5% fee, its nearly 14% now. Less liquidity on swap site...33% sounds good rakeback but the value goes down like half of that because of how difficult to get CHP at good rate.
We have a fixed price now set at 0.053651 USDT and a fixed 5% fee in the client regardless of liquidity on DEXes
Tested that, 100/0.053651*0.95 = 1770.70
We have a fixed price now set at 0.053651 USDT and a fixed 5% fee in the client regardless of liquidity on DEXes
Tested that, 100/0.053651*0.95 = 1770.70
Okay then " 0.053651 USDT = 1 CHP" also applies to when deducting a half of rake from CHP wallet? Either way, you guys are crypto based poker site right? This situation is a shame, its like "hey guys we are an advanced crypto based poker site!!! But our coin is having less liquidity on dex/cex so pls buy from us with 5%fee" lol NO offense but this shitty part is hurting this site.
can't we see mucked cards on coinpoker? like I bet river, guy calls and mucks but I have no idea what he called with? that's normal?
I hate this stuff to. I pay for it but I cant see whats he has… Every pokersites shows this muck on replayer but on CP you cant see. I dont understand why… I pay for it.
can't we see mucked cards on coinpoker? like I bet river, guy calls and mucks but I have no idea what he called with? that's normal?
The plan is to change this in an upcoming client update, to be the same as other poker sites - and replace CHP @sonnychiba2
Unfortunately don't have an exact timeframe, but this quarter a complete review of our product offerings is in the works
can't we see mucked cards on coinpoker? like I bet river, guy calls and mucks but I have no idea what he called with? that's normal?
I hate this stuff to. I pay for it but I cant see whats he has… Every pokersites shows this muck on replayer but on CP you cant see. I dont understand why… I pay for it.
It’s like that in live poker in cash game.