Bitcoin Forum

Hello Bitcoin Talk Forum Members,

Every week on Sunday @ 11am ET, I will be holding a draw for 0.01 BTC on the brand new web-site https://hashloot.com (https://hashloot.com)!

The game:
Guess the last two digits of the block size for the first block to get mined on the Bitcoin blockchain after Sunday at 11:00 a.m. ET for your chance to win!

Since you need to guess a number between 00-99, you have a 1/100 chance of winning. Once the block has been mined, if your guess is correct, I will send your winnings to the wallet address that you provide.

Each guess costs a minimum of 0.0001 BTC with higher wagers entitling you to a bigger portion of the 0.01 BTC prize pool in case of multiple correct guesses.

If there are no correct guesses, the prize pool will be added to the next's week draw.

The first draw will be on Jan 17, 2020 at 11am ET. Good Luck!

Verify:

I understand that I am new to the forum and talking about a new site, but we all have to start somewhere right? To show that I am serious about this: My name is Sahab Yazdani, the web-site in question has my name in the footer, I've given a signing message for the prize pool wallet address on the web-site, and I am basing the game on an event/outcome on the Bitcoin blockchain that I cannot possibly forge.

If there is any other way that you would like me to show/prove that I am not a scammer, please let me know. If its a reasonable request, I will make sure to follow through.

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I think you should let escrow handle the fund. Just like what you have said you are new and many people including me won't trust you my Bitcoins with today's price I don't think someone will easily send Bitcoins to someone even for that small amount.

Personally I don't trust it. If he's serious about it maybe he could hire escrow and maybe open something like on games and rounds if I could remember there were already some users who already opened this kind of service on games and rounds with escrow unfortunately he wasn't able to get enough players so he just returned the money.

You have to deposit at least 0.0001 to address 17gXvZv9w2XR8QnmcS1fqHUV7xH7jMGngC (https://www.blockchain.com/btc/address/17gXvZv9w2XR8QnmcS1fqHUV7xH7jMGngC), I am not sure you will able to know who the winner if you didn't a participant.

This may be a good game but how come the winner will be sure he'll get the winning amount from that address? There's no harm on their side if people send amount on that address since if they got a 100 participants they'll just have it in them again. It's just lottery but if there's 50% below who participate they have the more chances to get the winning. We don't know as well if they'll be still open the next week or the coming weeks. Better to escrow the funds OP.

I second this.
Transferring $40 in BTC to a recently created newbie account just like that is probably something very few people will do. 100 participants are not easy to find, even with free raffles here on the Collectibles Board it sometimes takes days until all slots are filled.

Anybody can do this, site interface is not good your reputation and transparency is not good it's just a name you don't have a picture or social media link for you to prove that you are real and your name is real, and the fact that you are not offering an escrow, make people suspicious on your motives, you should do better to prove your reputation not just name embedded on your website.

The website works for me.

Until now, there's no last guess that has deposited on the platform. Yes, you are new and gamblers would barely trust you if your website doesn't even have much information about you.

I agree about the design. It is what I've noticed and you have to improve it somehow to make gamblers feel comfortable unless you want to start somewhere and accept the suggestion of having the funds being held by any of the forum's escrow.

the idea sounds nice, but with such price, send 0,0001 btc isn't anymore just a guess game :(
You should maybe evaluate for other coins more cheap.
PS: adding or giving your personal name will not provide any form of trust or reputation to your website.

I will not send any bitcoins and I think nobody send anything so far after I checked their BTC address from website.
This just looks like that scams asking to send 1 btc and they will send you back 10 btc, and posting some name with signed message doesn't mean anything really but let's see what happens on January 17.

archive:
https://web.archive.org/web/20210110190323/https://hashloot.com/

Thank you for all the feedback. I understand that its hard to trust a new person/site and I appreciate all the honesty and suggestions from everybody :)

I will add social links to the site tonight, but for the purposes of this forum:

LinkedIn: https://www.linkedin.com/in/sahabyazdani/
GitHub: https://github.com/thegrandpoobah/


Its $4 USD at current conversion rates, but the underlying point is something that I fully expected.

Escrow

Lots of suggestions from the thread about setting up an escrow. It was not something that I was aware of. Thank you all for that suggestion. I will setup an escrow with one of the providers on this forum.

There are a couple people who have already tried the web-site (7 to be specific) who have not paid the wager fee (again, totally expected), but if that trend continues, my thought was to just run this first round without any entry fee to show that I am not trying to scam anybody.

Again, thanks for everybody's feedback!

Be aware of this kind of activity. Though 0.0001 BTC is not a big amount but the site is totally new and They don't have any portfolio/TOS/ or gaming license. If they Escrowd the funds Which they gave their words to do then I think it will be credible to everyone. It is good to omit the entry fee for the first round, but since this site does not have a license, I think it would not be wise to deposit on the site without an escrow.

Posting signed message doesnt prove out everything and its true that people will really be mainly be concerning about the funds that would really be accumulated.

This blockchain-type of games arent something new but sending out some satoshis on a specified address wont really be that something that people will really be willing to do so.

Lottery based or guessing numbers or characters would likely result into accumulation since it is hard to predict where prize pool might bulge up depending if there are bettors
to this one and no one can guarantee that you wont really be running off those money.

So in short this do typically lacks of assurance.If funds would be escrowed then they might consider this one but if not then expect that there would be no people
be sending out their satoshis.

0.01 is still quite a significant amount to win. Although it depends on what you have to do for that. I hope it is not too difficult.
Backing over 1,5 goals could work good in the long run.

It's not change anything if you run this week without an entry fee. I am sure the next week you still don't get entry people to paying a 0.0001 for your game if you don't escrow it.

Also, if you want to people trust you why bitcoin address always change?

https://i.postimg.cc/Hn05kwLG/21.jpg

I did this based on the suggestion of this BitCoin Wiki: https://en.bitcoin.it/wiki/Address_reuse

My understanding based on reading that article (and others on the same topic) is that its best practice to NOT reuse addresses and to have a unique address per transaction. Am I understanding the article incorrectly?

everyone else is more concerned on the escrow and other things but why no one complains on the 0.0001btc bet?

 i think that was too much for this kind of guessing game because its hard to predict a two number between 00-99 , the numbers can be repeated right ? like 00 , 11 , 22 ? .

if ill bet my 0.0001btc on the same odds in other casino games i can earn more returns if i win . the bet amounts should be lower if they want to attract smart gamblers .

it's pretty clear to me I shouldn't trust this. Even though it's only 0.0001 BTC just imagine if many users wanted to try it they could get good amount of money from that, we are all in doubt about this let's just ignore this kind of service.

Now that you are aware of it, you should do as what you've said and follow our suggestions of hiring an escrow for the funds of your platform to make sure that they're safe.

It's also a good start and nice strategy if you'll do the no entry wager fee with the prize whoever the winner is. The choice depends on you how you'll gain the trust of the community because you're just starting out.

Yeah that's very important with this escrow, can be trusted by many people, as much as possible in the first round is promotion so that many people can trust.
With current deposit fees, maybe many people ask where the funds are going, especially when the wallet is always changing, what Dromie said above.

So do your best here, don't make you regret it. Your awareness now can increase that this site is legitimate if you have used the trusted escrow on this forum.

It's the best move that he can if he wants to gain the trust of the public. And for the list of escrows, this is one of the list that he can look at. I also think that there's another list for escrow that includes others that are not on this list.

List of escrow: Recommended bitcointalk escrow services (https://bitcointalk.org/index.php?topic=2439910.0)

I think this is the Best way to Lure gamblers to try your Site , because Sending funds to a Newly created account that had just Popped out from Nowhere is far from my Idea .Even if that is 4$ in as what you say so But 0.0001btc is somewhere in 8-14$ from 30,000$ value of Bitcoin .

Just Update the OP if you will be doing this raffle without Fee and surely dozens or hundreds will participate,

Everything on this is subject for suspicion we are not newbies here, we know what a real and reputable gambling site looks like, by not getting a copper membership for his gambling announcement, will make us think if he is going to be here in a long term and for not offering escrow too, if you ask me I will not fall for this.

I like forum games like this.  It is a little concerning that money is being asked for up front, but as others have stated, with a trusted escrow I don't think there will be many issues.  Good luck with the game, and if you need someone trustworthy to hold some funds for you so that players can feel confident their money won't disappear, let me know. 

https://hashloot.com/


That's over 3 dollars bet per entry.. I guess that's a big minimum... and this site is new and has not gain reputation yet.
I think you can start with some promotion here, I'm afraid you'll not be able to get gamblers here.

other's suggested to escrow the reward, for a gambling site it's not necessary as long as you have a good reputation.

There it goes OP , Here is Og Willing to handle the Funds , Just say so and we will Rock this Game .

I'll be sending right away the Bet since Og is one of the most trusted Escrow this Forum ever has so Undoubtedly i will be participating this First Round .

Waiting for OP's Update since we are nearing the Round Day.

As I thought, there's a little catch. How much is your cut? You should be transparent from the start. Most casinos have a 1% house edge and if you will charge a percentage that's significantly higher than that, I don't know if anyone would play your game even if you hire a reputable escrow.

The idea is pretty simple to follow but it will be better if you will just create a raffle to those who almost hit the correct guess in case there is no winner in that week so there will always be a winner in every week draw.

Seeing the prize increases is good also but still it will be better if there is always a winner in every weeks draw instead of adding the week pool to the next week draw if in case there are no correct guesses. The entry is ranging from 3-4 usd depending on the btc price and if you will be lucky your 3-4 will win 300-400 usd if in case you are the only winner, this is not bad at all.

Why on earth would anyone here want to risk their money on a brand new website without any escrow? This is a lottery due to which the odds of winning are extremely low.

How do you expect to expect anyone here to invest in a site whose name is similar to HYIP programs and ponzis? I advise everyone to invest the minimum amount if an escrow is provided though that is risky too.

This wont be an enough thing for you to ensure or to prove out that you wont really be scamming anyone with just one round without having wagering fee.

This doesnt really give out an assurance or doesnt prove anything about credibility and legitimacy and also people cant sure if those 7 people who had tried out
are totally real users and not yours.

As long you wont integrate nor follow most people suggestions about escrow then this wont really change a thing.

these days, people are getting smarter especially that bitcoin is getting valuable in the market. that's right, one round would not give an assurance that you will do the right thing all throughout. but if you will hire a reputable escrow in the forum, maybe people will start playing on your site. but until then, i dont think users here will trust your new site. and also, your site is very simple, which is easy to duplicate if this site didn't achieve anything. do you plan to improve your site and make it more credible?

Same with other raffles around but the difference here is, OP has a designated site.

Are the raffle will be drawn even with few participants get in? Like only 5 users paid for the slots.

I will follow the thread and wait for the January 18 result if someone from Bitcointalk managed to win.

Or better yet, will there be someone from the forum who will be interested to participate in this lottery? Because people here are cautious now in this kind of lottery, no reputation whatsoever. The address that he gave has only 0.01BTC. I don't think he will spend more money on this one.

If any of the trusted members of our forum vouch for the service, this might gain some trust of the bitcointalk users. Until then it is hard to get participants, often we can see more similar draws with limited slots. Mostly this used to happen with the ethereum platform on lucky draw where hundred participants share equal amount and the lucky one receives the entire fund.

Hello  Sahab,

I have a few issues with your lottery.

1) Blockchain fees on every bet

2) Trust

If you want to progress, make it trustless, based on smart-contract. This will solve at least the trust issue.

Good question, how OP will manage if there are only few participants.
Is he willing to take that chances for the sake of his business reputation?

If he'll do that it will surely gain some interest a good start to gather those forum members who loves risking their money in this type of lottery.

For sure there are members here who are keeping an eye to this thread, following
what might be the outcome after Jan 18.

Actually it is not about whom to win and which kind of raffle to handle , the issue Here is the credibility of OP to Accept the Funds and does the Gambler will deal with Him ?

Escrow must be Present and i Saw OgNasty is Offering Service above

This one Must be done.

For OP's Plan of gaining trust and Prove He's Intention is Legit in the Forum, maybe 10 raffles is enough to Start His own sooner.

If he's really serious about that there comes OgNasty which is one of the reputable escrow here in the forum. I really think many people will participate if you let the escrow hold the fund.

it would be better if the number that is already been picked by someone cant be picked anymore so that we can only have one winner since the prize isnt millions like on the real lottery but prize here is only 0.01btc and if it will be diveded by two or more winners that will look pretty small anymore .

did they misslooked this and why they still question your reputation ? and the raffle is being hosted on your website not on this forum , afaik i havent see any new casino that escrow their capital just to prove that they are really legit  but signing a message is one way to prove that you are legit . they better check the signed message or if its possible you can post your signed messsage on here just in case they dont have time to visit your site . good luck

I think, changing addresses makes sense only when we want to keep our privacy. In your case, it would be more interesting to have one address so that at any moment anyone can look at stats (how many btc was handled, etc.) and sent some funds to a known address.

Agreed on this, If OP really means Business then better start with trusted escrow here in Forum .

sure that he will earn more followers and Joiners in this event he wanted to start.

This forum are tired of too much gambling related scams and we are looking for formal and legit transactions of our funds sending to win prizes.

All the same, it is quite a bold proposal to hold such a lottery simply without guarantees of receiving a prize. 
I don't think anyone can find anyone who will participate in such a lottery.  In general, such projects cannot be offered without an escrow.  BTT community will never believe such a person as OP, even if he writes his name here (country, address, mobile phone number, and even presents something like a photo and maybe like a KYC ;D). 
Of course we will wait for January 17, but I have a bad feeling ...  ;D

Does OP plan to do a lottery with the number of participants that he signs up? do you have any way to prove you have 0.01BTC? It would be good if you choose a member of the community who offers the service to give more security to the participants.

Yup. He will host a lottery and award the winner a certain amount depending on the bet size. He is charging a certain amount which is basically the house edge on every bet.

The biggest problems here are the minimum bet and the absence of an escrow service.

Many posters have already mentioned the above issues and op hasn't provided a proper explanation due to which this project probably might not take off in my opinion.

Actually, the site is good but since it's new, it's really hard to build trust from scratch.

OP also needs to show us how's the marketing side to see if serious about building their reputation.

It's hard to integrate third-party escrow here due to the fact that the system is automated. But since there's a reputable escrow that shows interest, OP should need to interact with him and sees how can they work on proving that the funds are safe and will be distributed at the right time. The distribution will now be manually processed by the escrow which gives more confidence to OP's future bettors.

Will vary on how they would really able to interact with the community.Building up trust isnt something that you can do in a day which means you do need to out prove something
when you are just starting.

Lots had already doubts when it comes to legitimacy or on where those coins would be stored from and the prize is actually existing or not.

Lots of things to be arranged of to get the interest of the masses.

4 days to go for the raffle , Is there any News about what will be the real Score ?

Does OP will use escrow or will Let this first round Free from payments ?

Looks Like OP is not that So serious because the event is happening near but he has Lack of updates in this thread , How sad that this is Gathering attention and maybe prospected participants but OP is  having difficulties in updates .

He just proof Address (https://www.blockchain.com/btc/address/1FQCmP72kXzZYZpMA1yjwy8DdZgmqXzkp4) with sign message (https://jhoenicke.github.io/brainwallet.github.io/#verify?vrAddr=1FQCmP72kXzZYZpMA1yjwy8DdZgmqXzkp4&vrMsg=HashLoot.com%20owns%20this%20address&vrSig=IBr15yShQPs4MGg%2BVX0E3CQkZskxDP11Rs61mm4Z%2Bx0VEA5mpCJqW56OhUu4wCyMngcUwYrv2rnHb7FdLtiU%2Bxc%3D), but still this not enough, right?.

---

About 3 days, no one to join your game. Seems you must build your reputation first.

https://i.postimg.cc/sDMmJ7Tc/2.jpg

With the current bitcoin price, 0,0001 btc is equal to $3, so I think that is still too high for people.
Maybe some people want to test their luck, but I hope they can be careful, and make sure they do not use big money.
As I see that he does not come back to his thread, I think he will not continue his offer because maybe he is too busy to do something.

Very similar idea to Chainbet - which also has a 0 house edge.

I don't think that you're going to find a lot of players for this game. I remember Chainbet actually advertised a great deal on the forum, but to essentially no avail.

People simply prefer to play traditional casino games, whether it be dice, BJ, craps etc. Whilst this is definitely one of the better ways of ensuring a provably fair result, it's not entertaining or fast paced in any way - which is ultimately what gamblers are looking for.

Good luck with the project, but I'd definitely make a few tweaks to the base game to make it more interesting if I were you (e.g., perhaps integrate block hashes into an animated game?)

One  of the biggest problems with these kind of games is that they aren't really getting that much of attention no matter how generous or big their marketing would be
they would really be still ending up with no results or interest in the end.As you had elaborated some example of Chainbet and I remember that one.
I fully agree on the fact that people are way more interested into fast paced type of games like dice and crash games where outcomes could really be known in few seconds
or instant but for this kind of blockchain or any other forms or lottery then it isn't really that much of appealing.

Raffle or lotteries, or any of the same type, aren't really a catchy game on most gamblers here ever since. 100% pure luck-based and even more difficult to win compared to playing to 5% house edge of a dice game.

That will be the challenge to OP, how to face problems like that.

But since they are just in their early phase, OP just has to continue giving the best service. The raffle will be drawn a few days from now, let's see how much users bet on it.

1 in a 100 is a very slim chance...
The website opens to me, but the last 20 guesses shows zero entries lol, and only three days are left before the result. The entry fee is currently worth $4 if I got it right, so not that much. The escrow is a great idea, it would immediately make the game way more interesting to the forum users. But BigBoy89's point about the fees is very relevant, of course, because the fees might cost as much as participation if not more, and that's far from great. Maybe choose a different crypto with lower fees for the time being?
Another idea I have is that you lower the payout significantly, but also lower the requirements (for instance, whoever is closest to the actual number wins). That would also make it way more attractive.

I have the feeling that this lottery platform will not live long here. But I maybe wrong, let's see this coming Jan 18 if there will be some activity here. There are no list for the last 20 guesses. Does it mean, that there are no players here? No one bothered to take their chance.

If there are no history of bets then it does indicate that no one really playing off into this site or do make out some bets and as @mahanton said that these type of games doesnt really get too much attraction.
Even if they do some marketing like launching signature campaigns or any other type of marketing or exposure but still wont really be enough to drive out people to make out bets into the site.
Main problems that do experience for all lottery sites out there.

The end time of the first round is 7 hours, the list of last 20 guesses is still empty. People don't seem to care and trust HashLoot site.

I need to understand something.... does every person who guess the correct answer, get the 0.01 BTC or just the first person who guessed it? If my math is correct, you can make 99 guesses at 0.0001 BTC and then get back 0.01 .... right?

You bargain on nobody getting the correct answer or a bunch of people getting it wrong to make a profit.... but you might be unlucky and a bunch of people might get it right and then you will have to cut and run... right?

I think it will be better if you can get some trustworthy Escrow service to hold the funds and for them to guarantee the payouts. (It is all about trust)

In  most  cases like this on where as an owner of lottery games then you would be that confident that no one will able to guess that right which means that will really be surely a profit.

In all the years ive been in crypto and seeing lottery games that do offer this type doesn't really shows up someone who do able to hit the jackpot or the right combination in full-scale.
It can really be guessed up but the odds are almost close to impossible that's why lottery games doesn't really get much attention.
It wont surely survive and just based up on initial impression and just a usual or casual thing on lottery sites they aren't really getting some players.

It's expected. OP really needs a big push here to attract users.

Solve issues, answer questions clearly, put on heavy marketing, etc.

After the first round, let's see if OP will just continue even with few users.

seems the OP has not been back here for a week already. i dont think someone participated the first draw. another failed project, i guess.
lets see if he will come back here and make some improvements on his site. if not, that's fine. at least one less gambling site with poor prep. we dont need substandard gambling platforms here, which more then likely, will just screw naive players.

Hello Sahab Yazdani, Are you send me and people 0.0003 BTC using this address 1DFevsksM3f7NWQ5o6eFJBckByHABY5tYH (https://www.blockchain.com/btc/address/1DFevsksM3f7NWQ5o6eFJBckByHABY5tYH), because I detected your address (https://web.archive.org/web/20210110190323/https://hashloot.com/) with price pool received (https://www.blockchain.com/btc/address/1FQCmP72kXzZYZpMA1yjwy8DdZgmqXzkp4) too, I assume you send it for all comment post here. it just my 2 cents guess.

The game for this week is over, right?