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Author Topic: NiceHash one-click Blockchain Lottery: play and win full 25 BTC block reward!  (Read 2288 times)
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April 24, 2015, 01:34:41 PM
Last edit: April 25, 2015, 11:29:55 AM by nicehash
 #1


Bitcoin blockchain lottery


Bet on full 25 Bitcoin block reward!

Are you ready to try something new, a core Bitcoin technology backed lottery? Welcome to NiceHash one-click Blockchain Lottery! Register an account at www.nicehash.com and check out your Account / Blockchain Lottery. You can purchase one-click tickets for Blockchain Lottery. Each ticket will enable Bitcoin solo mining for up to 24 hours and give you a chance to win 99.5% of full BTC block reward, including Bitcoin block transaction fees - usually altogether more than 25 BTC! You can buy as much tickets as you wish with various probabilities to win the Bitcoin Lottery.

Keep in mind that this is a pure Bitcoin technology, integrated into Blockchain and supported by the Bitcoin core technology - there are approximately 144 Bitcoin blocks found each 24 hours, totaling approximately 3600 Bitcoins per day.

One of the goals of this service is also to dress solo mining in an outfit that is more attractive to all the gamblers that usually gamble only in casual casinos where underlying technology is vague/hidden/secret and not well documented. With Bitcoin solo mining, there are no secrets, everything is visible, open and each one can verify his chances. After all, the block reward that gets paid out is not paid out of our pockets - but it is generated by bitcoin network; we actually hope that our gamblers find as much blocks as possible, because that benefits us, too.



We wish you the best of luck!

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April 24, 2015, 01:51:48 PM
 #2

3600 BTC per day ? I dont get it. I'm going to understanding your site.
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April 24, 2015, 01:55:35 PM
 #3

First of all, more or less it is like a solomine and rent the hashes instead of a lottery but It could be called as lottery too

Quote
Each ticket will enable Bitcoin solo mining

Quote
Purchasing ticket creates fixed order with one of the following limited speeds in TH/s (respectively to chances): 5 10 15 25 50 75 100 150 250 500 750 1000

Found that from the site and I happen to have some experiences with nicehash. Limited speeds doesnt actually means that the speed will get the amount we listed. When we listed 100 ths, the speed isnt 100 ths moreover it could be above and below the 100 ths limit.

As for the 1000 ths speed, is it a guarantee that the speed gonna reach 1000 ths despite that some people are renting the hashes too?if not than it is a waste isnt it
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April 24, 2015, 02:17:24 PM
 #4

It's very looks interesting concept lottery with Blockchain  technology but I have some doubts.
Is it real solo mining and how many real chances for found blocks?
And  arallmuus said  will we won't get real hash rates?

PS I never use NiceHash.com but it's look nice Smiley

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April 24, 2015, 02:18:48 PM
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Fixed orders guarantee you the speed you limit your order to. These orders are top priority order and we always only offer 50% of all hashing power available for fixed orders. That is why sometimes, some high speed tickets will not be available to purchase.

Anyway, yes, your speed may fluctuate up and down, but on longer period of time, your speed is about the wanted one. Moreover, if your speed is lower, then you mine for longer, if your speed is higher, then you mine for shorter period of time. What is important: your chances stay the same regardless of speed fluctuations.

A 1000 TH/s ticket will 100% reach this speed regardless of other buyers. But it may not always be available as explained before.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 24, 2015, 02:22:48 PM
 #6

It's very looks interesting concept lottery with Blockchain  technology but I have some doubts.
Is it real solo mining and how many real chances for found blocks?
And  arallmuus said  will we won't get real hash rates?

PS I never use NiceHash.com but it's look nice Smiley

Chances are written on the button for each ticket. These chances are purely statistic and calculated according to current Bitcoin network speed considering fact that Bitcoin network discovers new block every 10 minutes.

It is all transparent - you can check stats of your mining progress on https://solo.nicehash.com (your username is same as your bitcoin deposit address on NiceHash). So, hashes are 100% real, there is real mining going on behind.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 24, 2015, 02:26:36 PM
 #7

It's called solo mining, but actually you got to buy lots of hashrate if you want your chance to win getting bigger. More hash, more chance.
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April 24, 2015, 02:28:21 PM
 #8

It's called solo mining, but actually you got to buy lots of hashrate if you want your chance to win getting bigger. More hash, more chance.

You can improve your chances either by getting more speed or longer duration. Both factors are considered when calculating your chances.

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April 24, 2015, 02:31:27 PM
 #9

It is all transparent - you can check stats of your mining progress on https://solo.nicehash.com (your username is same as your bitcoin deposit address on NiceHash). So, hashes are 100% real, there is real mining going on behind.

I know it is real and I have no doubt about this since your hashes comes from different people all over the places


Fixed orders guarantee you the speed you limit your order to. These orders are top priority order and we always only offer 50% of all hashing power available for fixed orders. That is why sometimes, some high speed tickets will not be available to purchase.

Are you saying that this bitcoin lottery uses the fixed order system for the hashes?

Anyway, yes, your speed may fluctuate up and down, but on longer period of time, your speed is about the wanted one. Moreover, if your speed is lower, then you mine for longer, if your speed is higher, then you mine for shorter period of time. What is important: your chances stay the same regardless of speed fluctuations.

In regards, where does this chances calculations comes from? because as far as I know , there isnt any specific chance calculation yet about solomine ( I could be wrong ) since there is alot of factor to consider such as the downtime


A 1000 TH/s ticket will 100% reach this speed regardless of other buyers. But it may not always be available as explained before.

Since there is a total of 5000 TH/s in nicehash alone currently , does you mean that there wont be another renter if someone decided to rent all 5000 TH/s for the lottery since you will prioritize them?
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April 24, 2015, 02:36:51 PM
 #10

It's called solo mining, but actually you got to buy lots of hashrate if you want your chance to win getting bigger. More hash, more chance.

OK I think this is clearly describe for this lottery game. We must rent hash from NiceHash for solo mining and if we need chances to win more we must rent more  Shocked

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April 24, 2015, 02:37:52 PM
 #11

Just a question. As stated you get 24 hours of solo mining for 1 ticket.
So how much hashrate is one ticket worth? Is it distributed to all lottery buyers or does it have a fixed rate?

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April 24, 2015, 02:42:24 PM
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Fixed orders guarantee you the speed you limit your order to. These orders are top priority order and we always only offer 50% of all hashing power available for fixed orders. That is why sometimes, some high speed tickets will not be available to purchase.

Are you saying that this bitcoin lottery uses the fixed order system for the hashes?

Anyway, yes, your speed may fluctuate up and down, but on longer period of time, your speed is about the wanted one. Moreover, if your speed is lower, then you mine for longer, if your speed is higher, then you mine for shorter period of time. What is important: your chances stay the same regardless of speed fluctuations.

In regards, where does this chances calculations comes from? because as far as I know , there isnt any specific chance calculation yet about solomine ( I could be wrong ) since there is alot of factor to consider such as the downtime


A 1000 TH/s ticket will 100% reach this speed regardless of other buyers. But it may not always be available as explained before.

Since there is a total of 5000 TH/s in nicehash alone currently , does you mean that there wont be another renter if someone decided to rent all 5000 TH/s for the lottery since you will prioritize them?


1. As it is written - it uses fixed orders.

2. Calculation is statistic and of course will vary. If you play roullete, then your chance to win when betting on red are 48.65%. But this doesn't mean you will win in 48.65% cases. That is how we calculated ticket chances.

Downtime is not a problem, because if pool is down, then you are not paying for mining. You only pay for valid shares when remote pool (solo pool) is working. This is based on NiceHash mining service.

3. Buying for 5 PH/s of tickets is not possible yet, because we only give 50% of total hashing power available to fixed orders. Currently you could buy for approx. 2500 TH/s of tickets (if nobody else buys tickets or places fixed orders).

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April 24, 2015, 02:47:10 PM
 #13

Just a question. As stated you get 24 hours of solo mining for 1 ticket.
So how much hashrate is one ticket worth? Is it distributed to all lottery buyers or does it have a fixed rate?

Quote
Purchasing ticket creates fixed order with one of the following limited speeds in TH/s (respectively to chances): 5 10 15 25 50 75 100 150 250 500 750 1000

This means what the cheapest ticket will run with 5 TH/s and the most expensive one with 1000 TH/s.

We know that chances to win a block are slim and currently we have nothing to offer to gamblers that would like to bet with small amounts for chance to win smaller rewards. But we are thinking of possible solutions - and we are open to suggestions (but Bitcoin mining technology has to be in the back).

NiceHash.com - Largest Crypto-Mining Marketplace
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April 24, 2015, 02:59:34 PM
 #14

How do you pick the winner ? Pure Provably Fair ?
And how many block you find everyday ?

I'm interested in this game

You should read first, the question is already answered, it is not provably fair since it is more to mining rather than gambling and it is a solomine

There is no how many block do you find everyday since it is a solomine, you will mine on your own

Fixed orders guarantee you the speed you limit your order to. These orders are top priority order and we always only offer 50% of all hashing power available for fixed orders. That is why sometimes, some high speed tickets will not be available to purchase.

Are you saying that this bitcoin lottery uses the fixed order system for the hashes?

Anyway, yes, your speed may fluctuate up and down, but on longer period of time, your speed is about the wanted one. Moreover, if your speed is lower, then you mine for longer, if your speed is higher, then you mine for shorter period of time. What is important: your chances stay the same regardless of speed fluctuations.

In regards, where does this chances calculations comes from? because as far as I know , there isnt any specific chance calculation yet about solomine ( I could be wrong ) since there is alot of factor to consider such as the downtime


A 1000 TH/s ticket will 100% reach this speed regardless of other buyers. But it may not always be available as explained before.

Since there is a total of 5000 TH/s in nicehash alone currently , does you mean that there wont be another renter if someone decided to rent all 5000 TH/s for the lottery since you will prioritize them?


1. As it is written - it uses fixed orders.

2. Calculation is statistic and of course will vary. If you play roullete, then your chance to win when betting on red are 48.65%. But this doesn't mean you will win in 48.65% cases. That is how we calculated ticket chances.

Downtime is not a problem, because if pool is down, then you are not paying for mining. You only pay for valid shares when remote pool (solo pool) is working. This is based on NiceHash mining service.

3. Buying for 5 PH/s of tickets is not possible yet, because we only give 50% of total hashing power available to fixed orders. Currently you could buy for approx. 2500 TH/s of tickets (if nobody else buys tickets or places fixed orders).

Fair things, so you offer and prioritize up 50 % for this game, but still this bothers me, it seems like the concept of this "solomine" is to find a block of bitcoin. So the game will end once you found a block or that the time for your rental ended, correct ?

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April 24, 2015, 03:04:03 PM
 #15

Just a question. As stated you get 24 hours of solo mining for 1 ticket.
So how much hashrate is one ticket worth? Is it distributed to all lottery buyers or does it have a fixed rate?

Quote
Purchasing ticket creates fixed order with one of the following limited speeds in TH/s (respectively to chances): 5 10 15 25 50 75 100 150 250 500 750 1000

This means what the cheapest ticket will run with 5 TH/s and the most expensive one with 1000 TH/s.

We know that chances to win a block are slim and currently we have nothing to offer to gamblers that would like to bet with small amounts for chance to win smaller rewards. But we are thinking of possible solutions - and we are open to suggestions (but Bitcoin mining technology has to be in the back).

How much is the cheapest ticket in bitcoin?

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April 24, 2015, 03:05:46 PM
 #16

How do you pick the winner ? Pure Provably Fair ?
And how many block you find everyday ?

I'm interested in this game

You should read first, the question is already answered, it is not provably fair since it is more to mining rather than gambling and it is a solomine

There is no how many block do you find everyday since it is a solomine, you will mine on your own



Exactly. We are not picking who wins the block, but if you are lucky enough that your ticket gets a miner that is lucky enough to find a Bitcoin block, then you get that reward minus 0.5% for the solo mining pool fee.

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April 24, 2015, 03:11:45 PM
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Fair things, so you offer and prioritize up 50 % for this game, but still this bothers me, it seems like the concept of this "solomine" is to find a block of bitcoin. So the game will end once you found a block or that the time for your rental ended, correct ?



Actually, you may find not only one, but several blocks with one ticket. Your ticket ends when your order linked to that tickets runs out of Bitcoins. This game will never end, as long as Bitcoin network lives and we have enough hashing power available, you can buy new tickets to gamble with solo mining.

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April 24, 2015, 03:14:36 PM
 #18

Just a question. As stated you get 24 hours of solo mining for 1 ticket.
So how much hashrate is one ticket worth? Is it distributed to all lottery buyers or does it have a fixed rate?

Quote
Purchasing ticket creates fixed order with one of the following limited speeds in TH/s (respectively to chances): 5 10 15 25 50 75 100 150 250 500 750 1000

This means what the cheapest ticket will run with 5 TH/s and the most expensive one with 1000 TH/s.

We know that chances to win a block are slim and currently we have nothing to offer to gamblers that would like to bet with small amounts for chance to win smaller rewards. But we are thinking of possible solutions - and we are open to suggestions (but Bitcoin mining technology has to be in the back).

How much is the cheapest ticket in bitcoin?

These prices constantly vary due to fluctuating market. But currently the cheapest one is for 0.0122 BTC (5 hour ticket, 5 TH/s with 0.05% chances to win 25 BTC block reward).

NiceHash.com - Largest Crypto-Mining Marketplace
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April 24, 2015, 03:16:57 PM
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Fair things, so you offer and prioritize up 50 % for this game, but still this bothers me, it seems like the concept of this "solomine" is to find a block of bitcoin. So the game will end once you found a block or that the time for your rental ended, correct ?



Actually, you may find not only one, but several blocks with one ticket. Your ticket ends when your order linked to that tickets runs out of Bitcoins. This game will never end, as long as Bitcoin network lives and we have enough hashing power available, you can buy new tickets to gamble with solo mining.

I see, so it is indeed a normal solomine using the fixed rates for the rental method which you keep all your winning BTC which you mined, anyway dressing the solo mining as "gambling" is quite catchy name for it since yes most solomine is indeed a huge gamble  Wink
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April 24, 2015, 03:22:27 PM
 #20


Fair things, so you offer and prioritize up 50 % for this game, but still this bothers me, it seems like the concept of this "solomine" is to find a block of bitcoin. So the game will end once you found a block or that the time for your rental ended, correct ?



Actually, you may find not only one, but several blocks with one ticket. Your ticket ends when your order linked to that tickets runs out of Bitcoins. This game will never end, as long as Bitcoin network lives and we have enough hashing power available, you can buy new tickets to gamble with solo mining.

I see, so it is indeed a normal solomine using the fixed rates for the rental method which you keep all your winning BTC which you mined, anyway dressing the solo mining as "gambling" is quite catchy name for it since yes most solomine is indeed a huge gamble  Wink

That was the goal of this subservice we introduced - to dress solo mining in an outfit that is more attractive to all the gamblers that usually gamble only in casinos where underlying technology is vague/hidden/secret and not well documented. With Bitcoin solo mining, there are no secrets, everything is visible, open and each one can verify his chances. After all, the block reward that gets paid out is not paid out of our pockets - but it is generated by bitcoin network; we actually hope that our gamblers find as much blocks as possible, because that benefits us, too.

NiceHash.com - Largest Crypto-Mining Marketplace
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