BitRevenues - ~ where lottery is free! ~

[jacktheking]

UPDATE: ! Site is up and running! Claim your first tickets now and stand a chance to win big amount of Bitcoin ~!

BitRevenues

An idea I came up in January - here. I already bought the domain BitRevenues.com in January. I have been using it as a faucet list for the past 3 months while I'm working on the script. Right now, I still have a bit more tweak and the lottery system will be online soon.

Registration and Login [Done - to be recoded with better password hashing]
Claiming a ticket [Done]
Changing Email, Password and Bitcoin address [Done]
Ticket Lookup [Planned, starting soon] [Done]
Referral System [Done]
Claim a specificed ticket [Done]

What's BitRevenues?

BitRevenues is a revenues sharing site. The people visit the site and solve a Captcha in the same way that they would visit a normal faucet, with the main difference that they will not receive instant reward in Bitcoin, but a tickets to a round of lottery.

How many winning tickets will there be? How will the revenues be shared?

There's will only be five winners each round. Each of them will be taking ~15% of the revenues earned that round. And we will donate another ~10% to a organization or group (most likely non-profit). The leftover ~10% will be absorbed by me.

How do we determine the winning tickets?

Winning number will be chosen using the last nine number of block transaction ID. For example block #361412, https://blockchain.info/block/000000000000000004e0e238d4c49f28c372311b008088537f9e9a93dd223a27. So it would be 9322327 (not 7232239). Block # will be announced before it is available to public on Blockchain.info. Second winning number will be determined by first nine number of md5ed/sha1ed/sha256ed block ID.

Winning ticket #2:
md5(000000000000000004e0e238d4c49f28c372311b008088537f9e9a93dd223a27) = 3b6c0c10096db8b6fb0479d0ae44a7cd - 3610096

Winning ticket #3:

md5(3b6c0c10096db8b6fb0479d0ae44a7cd) = e8c683e5124cf293e3b541557f465bfe - 86835124

And it will continue until winning ticket #5.

For even round we will use MD5 and for odd round we will use SHA1. And for multiple of 9 we will use SHA256. Users can validate the hashed number from online encrypt application such as http://www.sha1-online.com/.

Why three type of hashing methods? Well.. it is just my personalty, I like things which is more complicated.

What if there is less than nine number in the transaction hashes?

It happen once in a life time. If this happen, we will MD5/SHA1/SHA256 the hash. And the hashed hash will be used instead. If the problem (not enough number) is still there, we will MD5/SHA1/SHA256 the hash of the MD5/SHA1/SHA256 again and again.. Till we got one with at least nine number.

Who will we donate the 15% to?

As mentioned, the 15% will be donated to start-up or non-profit organization. This is social responsibly in business term.

What will I do with the 10%?

I will use the 10% to pay for domain and hosting fees. And.. let's be honest, I will keep the leftover. :p.

When will the round end?

One round will last for a minimum of two weeks. Each round must have at least 0.1 Bitcoin in revenues before we can end the round. If there is not enough funds, the round will continue for another week. Until we have enough funds to pay.

How many tickets will there be?

I mentioned above that ticket number will be determined by first nine number of a block hash. That also mean there will be 999,999,999 total tickets.

How do the referral system work?

Unlike other faucet site. We can't give out too many Satoshi (in our case.. tickets). Thus, every time your referral redeemed a ticket, you stand ~10% chance to get a free tickets.

Any ideas? Question? Feedback? Feel free to posts them below.

[SirLolicon]

Where do you get your revenues?

[jacktheking]

Where do you get your revenues?

Good question. I get the revenues from multiple advertising networks. One of which would be A-ads since it show our earning to users.

[jacktheking]

Here's a screenshot of what I had done.



I edited to make it look bigger. That is the reason why the scroll bar look weird. I'm thinking to replace Google reCaptcha Are you Human? with SolveMedia. However, SolveMedia only pay in Paypal and I dont have Paypal.

Advertise here! https://bitcointalk.org/index.php?topic=1046300.0.

[SirLolicon]

Where do you get your revenues?

Good question. I get the revenues from multiple advertising networks. One of which would be A-ads since it show our earning to users.

a-ads is not exactly a high-paying ad network

[jacktheking]

Where do you get your revenues?

Good question. I get the revenues from multiple advertising networks. One of which would be A-ads since it show our earning to users.

a-ads is not exactly a high-paying ad network

You're right. That's why the screenshot show 6 ad placeholder. We will not be using just A-ads. We will be using advertising networks such as Bitmedia.io and Adbit.co too. We will also be using this forums to sell ad place - https://bitcointalk.org/index.php?topic=1046300.0.

Anyway, I am done with the validate tickets part. Users can now search for tickets and screenshot them. Just to make thing safe.

[jacktheking]

Reviewed my code and everything is okay. Two new features* need to be added before I can start. Estimate launch date: 2nd July 2015.

Winning number will be chosen using the last nine number of block transaction ID. For example block #361412, https://blockchain.info/block/000000000000000004e0e238d4c49f28c372311b008088537f9e9a93dd223a27. So it would be 9322327 (not 7232239). Block # will be announced before it is available to public on Blockchain.info. Second winning number will be determined by first nine number of md5ed/sha1ed/sha256ed block ID.

Winning ticket #2:
md5(000000000000000004e0e238d4c49f28c372311b008088537f9e9a93dd223a27) = 3b6c0c10096db8b6fb0479d0ae44a7cd - 3610096

Winning ticket #3:

md5(3b6c0c10096db8b6fb0479d0ae44a7cd) = e8c683e5124cf293e3b541557f465bfe - 86835124

And it will continue until winning ticket #5.

For even round we will use MD5 and for odd round we will use SHA1. And for multiple of 9 we will use SHA256. Users can validate the hashed number from online encrypt application such as http://www.sha1-online.com/.

Why three type of hashing methods? Well.. it is just my personalty, I like things which is more complicated.

*Changing of password and referral system.

[cryptotipz]

This is pretty sweet

[jacktheking]

This is pretty sweet

Thanks for the supportive comment. Referral system is up.

Referral System: Whenever the person you asked to join roll a ticket, you stand 10% chance to get a free ticket. You dont have the roll the ticket. Thus, making your winning chance higher since you have more tickets.

[ranlo]

Interesting idea. Tagging this thread to follow, .

[jacktheking]

Interesting idea. Tagging this thread to follow, .

Thanks. I hope you will enjoy the lottery when it start on 2nd July 2015.

Edited the first post of "How do we determine the winning tickets?" section.

[rammy2k2]

I dont see why members would like to risk not to win anything, when with normal faucets they win 100%, BUT, this might work if site looks good.

[ranlo]

I dont see why members would like to risk not to win anything, when with normal faucets they win 100%, BUT, this might work if site looks good.

Why do people go to casinos/play dice/invest/start businesses/change jobs/go to college/(insert millions of other things here) and risk not winning anything, when they could just hold their money and win 100%?

[jacktheking]

I dont see why members would like to risk not to win anything, when with normal faucets they win 100%, BUT, this might work if site looks good.

I dont already understand what you have posted. Do you mean you dont understand why people would go to faucet which they only stand a little chance getting Bitcoin? If so, my 'faucet' aim to payout more to users but less users will get payout.

[iluvbitcoins]

I would suggest the possibility to buy more tickets and 90%+ of their sales to go in the pot

[ranlo]

I would suggest the possibility to buy more tickets and 90%+ of their sales to go in the pot

I second this idea. Offer them for free on faucet claims, with the ability to buy more.

[jacktheking]

I would suggest the possibility to buy more tickets and 90%+ of their sales to go in the pot

BitRevenues is created for those who want free and fair lottery. And I dont want to deal with the authorities or what so ever. So I wont be adding this features.

I second this idea. Offer them for free on faucet claims, with the ability to buy more.

I actually thought of this. However the faucet will not be hosted on BitRevenues site. Instead, I will be contacting a few popular faucets such as the Bitcoin Aliens group for them to give out coupon codes. The coupon code will enable our users to get another free roll - without the need to wait.

[ranlo]

I would suggest the possibility to buy more tickets and 90%+ of their sales to go in the pot

BitRevenues is created for those who want free and fair lottery. And I dont want to deal with the authorities or what so ever. So I wont be adding this features.

I second this idea. Offer them for free on faucet claims, with the ability to buy more.

I actually thought of this. However the faucet will not be hosted on BitRevenues site. Instead, I will be contacting a few popular faucets such as the Bitcoin Aliens group for them to give out coupon codes. The coupon code will enable our users to get another free roll - without the need to wait.

I like that idea. It also helps promote synergy between faucets, which is a huge plus! Do you have an ETA of when you are planning to launch everything yet?

[noel57]

How many winning tickets will there be? How will the revenues be shared?

The revenues will be shared within 7 parties. Five winning tickets (it can be same person), 1 donation (to start up and/or non-profit) and myself.

The five winning tickets will each get 15% of our total revenues for that round. So, 5 * 15 = 75%.
The organization will get 15%. So, 75% + 15% = 90%.
And.. Lastly, I will get 10%.
==========================================
I would have loved this program entirely but the clause here (it can be same person), this should be addressed because I wonder how only one person will win five times in a lottery draw.

[ranlo]

How many winning tickets will there be? How will the revenues be shared?

The revenues will be shared within 7 parties. Five winning tickets (it can be same person), 1 donation (to start up and/or non-profit) and myself.

The five winning tickets will each get 15% of our total revenues for that round. So, 5 * 15 = 75%.
The organization will get 15%. So, 75% + 15% = 90%.
And.. Lastly, I will get 10%.
==========================================
I would have loved this program entirely but the clause here (it can be same person), this should be addressed because I wonder how only one person will win five times in a lottery draw.

It's like any other lottery... why should a person that visited 5x as many times NOT have the ability to get 5x as many rewards? I see nothing wrong with it.