Hi all, I am new to bitcoin but I have been programming for a while and I decided to create a no fee, winner takes it all jackpot. I will be running this draw every week and the first draw will be next week. I would like to see the response. It really basic with no fees involved, all bets are added to one jackpot and all is paid out at the end of the week. There is no website, no advertising and the code is run automatically from a secure source once a week. My intention is to charge 5,000 satoshis per bet once the game get off and running, which will definitely be the lowest that I am seeing around. This game is also provably fair and I have included the code and way to determine the winner.
http://s21.postimg.org/8wqni8v5j/Unitag_QRCode_1435864989728.pngDestiny Chance 7 Rules
Bitcoin:1DC7ZskGWpd8mDuGeSmxu6LG5y8RiSh6mo
Bitmessage:BM-2cWV6XsToiFRZJd47Zx7YeRWnBXuWCZLtW
Weekly Jackpot (Friday 00:00 GMT - Friday 00:00 GMT)
Winner takes it all!
The more you bet the higher your winning chance. Your probability % of winning is exactly as much as your contribution % of the Jackpot!
Provably fair: A hash code is created from python code: sha512(sha512(str(seed)).hexdigest()).hexdigest() and published to Bitmessage before the start of each round. The seed is published after the draw on Bitmessage. The order and amounts of bets can be checked on the blockchain, the winning number can be calculated based on the seed after the draw is completed based on python code: random.seed(seed+Jackpot); random.randrange(1, Jackpot)
Example
Bet1 is 5000 satoshi (1-5000)
Bet2 is 6000 satoshi (5001-11000)
Bet3 is 8000 satoshi (11001-19000)
19000 satoshi Jackpot
At the draw time a random number (between 1 and the Jackpot satoshi amount) is created. In this case between 1 and 19000.
If the random number is between 1 and 5,000, Bet1's bitcoin address will receive the full Jackpot.
If the random number is between 5,001 and 11,000, Bet2's bitcoin address will receive full Jackpot.
If the random number is between 11,000 and 19,000, Bet3's bitcoin address will receive full Jackpot. etc.
Payout is immediately after the draw.
Good luck: take a chance for your destiny.