Bitcoin Forum

Economy => Gambling => Topic started by: AngusCanine on February 04, 2016, 12:10:41 AM



Title: Bitcoin mining lottery
Post by: AngusCanine on February 04, 2016, 12:10:41 AM
Check out this thread if your interested in a joining a btc mining lottery group where people pool their Bitcoin and rent mining hashes at a chance to find and then split the block in your share percentage.

https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261


Title: Re: Bitcoin mining lottery
Post by: tenaciouzd on February 04, 2016, 03:28:20 AM

Bumps, "updates" are limited to once per 24 hours

check point 13 here > https://bitcointalk.org/index.php?topic=703657.0


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 05, 2016, 11:53:12 PM
Now 5 places filled  still need a five more  :)


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 06, 2016, 06:35:28 PM
Only a couple spots left :o


Title: Re: Bitcoin mining lottery
Post by: tiggytomb on February 07, 2016, 01:51:24 PM
It will be interesting to see if we get lucky and hit anything, some of these groups are quite lucky and have had success.


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 08, 2016, 01:12:25 AM
It will be interesting to see if we get lucky and hit anything, some of these groups are quite lucky and have had success.
Fingers crossed
 8)


Title: Re: Bitcoin mining lottery
Post by: chokesir on February 08, 2016, 01:49:47 AM
Hahahhaa, that's a nice way to test your luck! It might be a good shot, I personally consider myself as very lucky sometimes, who knows if luck can help me out this time.


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 08, 2016, 06:20:46 PM
Half way through the first run. Drop in an see if can we do it

 https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 😎


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 09, 2016, 08:32:26 PM
Half way through the first run. Drop in an see if can we do it

 https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 😎
well only a 5Billion share this round but round 2 is in the works drop by this thread https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 if interested in joining

Edit: 7billion share


Title: Re: Bitcoin mining lottery
Post by: tiggytomb on February 11, 2016, 08:41:27 AM
I'm hoping we are lucky the second time round.


Title: Re: Bitcoin mining lottery
Post by: ezeminer on February 11, 2016, 08:08:13 PM
Hopefully we see some amazing luck :D

Also thanks for trying to advertise the group, hope to see more cool people ready to take a chance.


Title: Re: Bitcoin mining lottery
Post by: NorrisK on February 12, 2016, 07:11:16 AM
I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.


Title: Re: Bitcoin mining lottery
Post by: ezeminer on February 12, 2016, 08:48:39 AM
I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though :D


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 12, 2016, 03:49:21 PM
Check out this bitcoin mining lottery group

https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 12, 2016, 06:33:12 PM
We need more participants, calling all gamblers 🤑


Title: Re: Bitcoin mining lottery
Post by: NorrisK on February 12, 2016, 07:36:57 PM
I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though :D

50x your investment shared with 10 people..

Which means that you you have 2% chance to gain 500% on your investment. Those odds do not seem very favourable to me unfortunately..


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 13, 2016, 03:41:37 AM
OK red or black for this guy  ::)  And we still are need a few more people for round two!!!   ;D


Title: Re: Bitcoin mining lottery
Post by: ezeminer on February 13, 2016, 04:50:00 AM
I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though :D

50x your investment shared with 10 people..

Which means that you you have 2% chance to gain 500% on your investment. Those odds do not seem very favourable to me unfortunately..
Those calculations are after you account for 10 people. And you have a massively better chance than winning the lottery, or the top 3 prizes after jackpot at least.
0.05 x 50 = 2.5BTC (your approximate share of a block)

It accumulates to 2% chance to gain 5,000% on investment.


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 13, 2016, 11:56:21 PM
Still a few spots left for Block Breakers United group 1 :)


Title: Re: Bitcoin mining lottery
Post by: tiggytomb on February 15, 2016, 01:35:03 PM
A few more spaces left before mining starts on the 23rd


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 17, 2016, 11:41:48 AM
One spot left for group 1 Bitcoin mining lottery follow link on op


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 17, 2016, 06:11:17 PM
One spot left for group 1 Bitcoin mining lottery follow link on op
run being left open until February 23, now 11 spots filled. The more people invested the better the chance. Check out op on this thread for link. 8)


Title: Re: Bitcoin mining lottery
Post by: AngusCanine on February 18, 2016, 11:48:00 AM
One spot left for group 1 Bitcoin mining lottery follow link on op
run being left open until February 23, now 11 spots filled. The more people invested the better the chance. Check out op on this thread for link. 8)
now  13  spots filled  the more people the higher the hash rental the bigger the chance