Bitcoin jackpots that are life changing
The Seven Biggest Bitcoin Jackpots of All Time
In 2009 a relatively unknown digital currency called Bitcoin was launched. However, Bitcoin (BTC) has become increasingly well known over the past decade.
This is not to say that masses of people use this form of crypto-currency, but certain groups are using Bitcoins.
Online casino players are one of these groups, as they often use Bitcoins for playing pokies. This trend has led to some enormous Bitcoin jackpots.
The currency calculations you will find on this page were made on 8 January 2020. The price may be higher or lower at this time.
For more information on bitcoin casinos, we recommend visiting our dedicated page.
Here you can find much more information about this new phenomenon.
Seven Biggest Bitcoin Jackpots
The size of bitcoin jackpots is not yet comparable to the most extensive amounts won with fiat money (legal tender such as the dollar).
Nevertheless, some players have won from a few hundred thousand to over a million.
What is remarkable about the prizes is that some of them were won several years ago, when Bitcoin was worth much less than it is today. So players could have become much more prosperous if they had won the same amount of BTC today.
It will be fascinating to see how much higher the values of the jackpots will be in the future.
Here Are the Seven Biggest Wins
Anyway, the following seven payouts are the biggest in BTC pokie machine history.
1: $1,345,000 (11,000 BTC) in September 2013
The largest Bitcoin jackpot was won in September 2013 – just five years after BTC became available.
The prize amounted to 11,000 Bitcoins, worth $1,345,000 at the time.
If the lucky player had won the same amount of BTC today, the payout would have been worth a staggering $79,702,000.
2: $493,000 (765 BTC) in May 2014
It didn’t take long for someone to win the second-largest BTC jackpot.
A few months after the value as mentioned above of $1,345,000, someone hit the jackpot in May 2014 worth 765 Bitcoins.
These 765 BTC were worth $493,000 in the spring of 2014. Today, the same amount of Bitcoins would be worth $5,543,000.
3: $247,000 (260 BTC) in February 2017
In February 2017, a pokie player won a jackpot worth 260 Bitcoins. This payout was valued at $247,000 in early 2017.
The exciting thing about this win is that Bitcoin was only starting to rise in value at the beginning of 2017. So this player just missed out on the BTC value, which was almost $18,000 in December of the same year.
If the player had won the jackpot by the end of 2017, he would have won a value of $4,637,000 instead of the amount mentioned earlier.
4: $229,000 (216 BTC) in March 2017
The fourth place on the list of biggest Bitcoin jackpots in pokie history took place in March 2017 – just one month after place three.
This player won 216 Bitcoins, which had a value of $229,000. The exact amount of BTC would now be worth $1,565,000.
This prize was won on the Troll Hunters online pokie from Play ‘N Go. This is worth mentioning as there are very few details on the other BTC payouts from this list.
5: $158,000 (160 BTC) in March 2017
March 2017 was undoubtedly an excellent month for players using Bitcoin in pokies, as yet another BTC player managed to pull in a massive payout during this time.
The player won a payout worth 160 Bitcoins, the value of which was $158,000. Today, the same prize would be worth $1,159,000.
6: $106,000 (15 BTC) in November 2017
An underlying theme with this list is that getting a large sum of money in euros requires fewer and fewer Bitcoins over time.
An excellent example of this is number six, where a player won a large jackpot worth 15 Bitcoins in November 2017.
This would only be a relatively small amount a year earlier, but at that time, the value was $106,000.
7: $58,000 (8 BTC) in November 2017
Another excellent example of the point mentioned above is a Bitcoin player who hit the jackpot worth 8 BTC in November 2017. Its value at the time was $58,000.
Just one month later, the value of Bitcoins would more than double, and so would the value of the prize. At its peak, the price of 8 BTC would have been worth a whopping $143,000.
The Value of Bitcoin is Very Volatile
Satoshi Nakamoto, the anonymous creator of Bitcoin, released his famous invention in 2009 using blockchain technology.
To this day, no one knows anything about Nakamoto. Satoshi Nakamoto could even be a pseudonym for a group of programmers who worked on the project.
Whatever the case may be, Nakamoto’s vision has undoubtedly become more than just an idea.
A more significant number of people are using BTC for their transactions than ever before.
There is also another group of people who see Bitcoin as an investment opportunity. The reason for this is not hard to understand. Bitcoin started in 2009 with a value of one cent, and at its peak in 2017, BTC was worth $17,834.
But if you look at the history of Bitcoins, there is a pretty good chance that at some point in the future, it will far exceed a value of $20,000.
Benefits of Playing with Bitcoin
Most online casino players still use Australian or US dollars, British pounds, Euros, and other fiat currencies when playing. However, some of these players are missing out on several benefits of playing with Bitcoin.
Bitcoin is the only viable way to play pokies on the Internet in some countries. We will explain why this is the case below, along with the various benefits BTC pokie machines offer.
Faster Withdrawal
Online casinos usually offer various ways to withdraw your money. However, some of these methods are inefficient because they take a long time to process your withdrawal.
This is not the case with bitcoin, as this cryptocurrency offers quick payouts. You will receive a bitcoin payout in less than an hour in most cases.
However, bitcoin is not as fast as credit or debit cards in terms of deposits. However, the money is usually in your casino account within 15 minutes, which is better than other payment methods.
Your Bankroll Value May Increase
Bitcoin’s value fluctuates widely. For example, in its ten years or so of existence, it has lost 50% of its value in a single day on several occasions.
This sounds very worrying, but Bitcoin has increased in value over the years. We have already discussed that it started with one cent per BTC, which in 2017 grew to a value of almost $18,000.
The cryptocurrency market is very unpredictable, but the history of this currency indicates that in the future, the value of Bitcoin will increase to a higher value than ever before.
So, unfortunately, you can’t know when your bankroll will suddenly get a considerable boost thanks to an increased value of BTC.
More Anonymity
Some people believe that BTC is entirely anonymous and that transactions are untraceable. However, this proved not to be the case as with enough effort; law enforcement can track down criminals using BTC.
BTC is still more anonymous than traditional payment methods such as credit cards and E-wallets (like Skrill or Neteller).
Only the Bitcoin wallet address is identified in your transactions, and you can use a different address for each transaction.
For example, when you compare this to a credit card, you can quickly see the difference, as with a credit card, every online casino transaction is documented in one place.
Easy to Use
It only takes a small change to switch from cash, credit cards, or debit cards to bitcoins. You will soon find out that using a cryptocurrency is more complicated than fiat currencies.
What might be intimidating is that when you cash out, you have to deal with a long wallet address. Fortunately, you can copy and paste this address.
This is especially handy when you deposit at an online casino.
You need to copy and paste the given casino address to the requested location. The deposit is completed once you have checked and approved the transaction a second time. We recommend you read the detailed instructions below if you need further assistance.
Conclusion
Online gambling with Bitcoin first appeared in 2011. So BTC gambling is still at an early stage compared to the online gambling industry as a whole.
But as you have seen, some huge Bitcoin jackpots have already been won at the pokies.
The first and most significant win from the list had a value of 11,000 Bitcoins, or $1,345,000 at the time.
A few months later, another lucky player followed, who won 765 BTC ($493,000) in May 2014. This player could also be wealthy today if they kept some of the BTC.
All other wins took place in 2017.
None of these payouts were as big as the previous ones, but the high number of prizes in the tens and hundreds of thousands indicates that gambling with Bitcoin is still prevalent.