The January blues got you looking for an easy win? Fancy gambling on bitcoin (BTC) risk-free? GitHub user Coinables’ webpage Mnemonic Slots lets you spin a seed-phrase slot machine, and checks if the resulting address holds any BTC. “Unlimited Free Spins = Unlimited Fun!,” the site claims.

But is playing worth your time?

Most BTC users tend to use a seed phrase to store their private keys. A seed phrase offers many benefits; they’re human-readable, can plausibly be remembered, and avoid the risk of typos associated with raw private keys.

Twelve-word seed phrases, the type used in the slot machine, are often used. With 12 slots, and 2,048 words on the BIP39 list, there’s 2^128, or 3.4*1038 combinations. A very big number.



But with unlimited free spins, how long would it take to make you a millionaire?

Using data from Bitcoin data analytics platform Newhedge, Protos crunched the numbers to help you decide if it’s worth playing.

Jackpot or crackpot?Jackpot or crackpot?

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