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d474n (OP)
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August 21, 2015, 10:58:10 PM
Last edit: August 21, 2015, 11:52:55 PM by d474n |
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Hi everyone, I just created a bitcoin lottery that pays 100k satoshi every day. It requires only 10.000 satoshi to participate, the winner will be chosen every day at midnight. THIS IS NOT SCAM. EVERY WINNING WILL BE LISTED WITH BLOCKCHAIN TRANSACTION LINK.Any idea or suggestion is appreciated. http://theredbitcoin.com |
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nickaizoku
Sr. Member
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Activity: 308
Merit: 250
❃ CyberNick ❃
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August 21, 2015, 11:40:01 PM |
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Hi, we need deposit 50 sats? How if 10 times 50sats? More chance?
But need fee 10k is it if deposit one 50sats
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BurgerKill
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August 21, 2015, 11:45:38 PM |
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But need fee 10k is it if deposit one 50sats
I would say that that is a big flaw in this idea. The default transaction fee for Bitcoin Core is 1,000 satoshis. If you do a 1 satoshi transaction fee, it's going to take a very long time to confirm. So basically, you're asking us to pay 1,050 satoshis to enter. You may want to increase the jackpot and the amount needed to enter. |
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d474n (OP)
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August 21, 2015, 11:53:37 PM |
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But need fee 10k is it if deposit one 50sats
I would say that that is a big flaw in this idea. The default transaction fee for Bitcoin Core is 1,000 satoshis. If you do a 1 satoshi transaction fee, it's going to take a very long time to confirm. So basically, you're asking us to pay 1,050 satoshis to enter. You may want to increase the jackpot and the amount needed to enter. Thank you for your suggestion, I did increase the jackpot and the amount needed. |
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cryptoalina
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August 22, 2015, 02:52:29 AM |
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Hi,sir,only one participant receives a bonus 0.001 btc,right?
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ranlo
Legendary
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Activity: 1988
Merit: 1007
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August 22, 2015, 05:47:02 AM |
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But need fee 10k is it if deposit one 50sats
I would say that that is a big flaw in this idea. The default transaction fee for Bitcoin Core is 1,000 satoshis. If you do a 1 satoshi transaction fee, it's going to take a very long time to confirm. So basically, you're asking us to pay 1,050 satoshis to enter. You may want to increase the jackpot and the amount needed to enter. A way around this would be to use Coinbase/Xapo/etc. as a micro-transaction wallet. Then you can accept any amount and pay no fees regardless (note that users would also have to use that same off-chain wallet). |
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lottoitaliano
Legendary
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Activity: 1176
Merit: 1000
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August 22, 2015, 07:22:26 AM |
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I don't have understand, i must pay 10.000 satoshi, for win only 100.000 ?
What % of winning i have ? And the estraction?
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jacktheking
Legendary
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Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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August 22, 2015, 07:34:26 AM |
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Good site you have there. However, choosing user randomly will bring you lot of trouble. Check out http://bitrevenues.com/ and see how I choose the winner of the game.  . |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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marioantonini
Legendary
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Activity: 2156
Merit: 1082
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August 22, 2015, 08:12:53 AM |
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Sorry but this is a site of lottery ? I see only one html page with 1 address to send bitcoin and no other info
"Win 100.000 satoshi, every day
Only 10.000 satoshi to win 100k".
Provably fair?
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amiryaqot
Legendary
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Activity: 1050
Merit: 1000
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August 22, 2015, 08:38:02 AM |
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That page is look like a donation page so how can you say that is lottery site, OP is newbie and looking for donations without any knowledge how lottery system works.  |
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d474n (OP)
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August 22, 2015, 01:56:22 PM |
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That page is look like a donation page so how can you say that is lottery site, OP is newbie and looking for donations without any knowledge how lottery system works. I know is not simple for people to trust each other, especially here, but give it some time. I'm not trying to scam anyone and I'll prove it. Every winner will be listed, as well as the blockchain transaction link. |
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d474n (OP)
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August 22, 2015, 01:59:00 PM |
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Good site you have there. However, choosing user randomly will bring you lot of trouble. Check out http://bitrevenues.com/ and see how I choose the winner of the game. . Thank you, I will consider your suggestion. |
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d474n (OP)
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August 22, 2015, 10:30:38 PM |
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THE FIRST WINNER HAS BEEN PAID. See the transaction link on theredbitcoin.com
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giustone
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August 22, 2015, 10:38:45 PM |
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I think 10k satoshi is more to win only 1mbtc.
If 100 users buying tickets you make 10 mbtc and pay only 1 mbtc.
If you want to have more participants, you need to increase the prize.
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d474n (OP)
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August 22, 2015, 10:44:58 PM |
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I think 10k satoshi is more to win only 1mbtc.
If 100 users buying tickets you make 10 mbtc and pay only 1 mbtc.
If you want to have more participants, you need to increase the prize.
It was 50 satoshi at the beginning, but it would work only if the participant uses Xapo, so that he won't pay the transaction fees. |
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ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
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August 22, 2015, 11:15:23 PM |
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I think 10k satoshi is more to win only 1mbtc.
If 100 users buying tickets you make 10 mbtc and pay only 1 mbtc.
If you want to have more participants, you need to increase the prize.
It was 50 satoshi at the beginning, but it would work only if the participant uses Xapo, so that he won't pay the transaction fees. BitcoinTip is another as well. There are many options, and really, OP could allow multiple methods (so people can use Xapo, Coinbase, CoinTip, etc.) as they please. |
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