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Author Topic: Introducing PevPot.com The Bitcoin Lottery  (Read 11797 times)
dooglus
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November 23, 2015, 09:01:08 PM
 #121

Hi,

when will be the results published?

Also, can you explain the "Early bird bonus pool" a little bit more? Is this something new?

I can explain:

if you bet right at the start of the lottery, you get the full bonus pool if you win.
if you bet half way through, you get half of it
if you bet right at the end, you get none of it

It goes down linearly. If you bet X% of the way through, you get (100-X)% of it.

Just-Dice                 ██             
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RHavar
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November 23, 2015, 10:49:45 PM
 #122

Yeah, Dooglus is correct. Tomorrow I'll update the homepage to make things a lot clearer about the early bird bonus pool.


The results of draw #2 are in:

https://www.pevpot.com/draws/2

The tentative winner 16.52418779 BTC is from 62008f827880930fce02a7d31d71fe7380ec9b5c86160d039bd96dd1d6a21fa2  ( sending 5.555555 BTC )

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Rilla
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November 23, 2015, 11:04:01 PM
 #123

Gratz to the winner and thanks for the explanation.

Why do you take 5000000000 iterations? I cant verify it using the tool (my browser freezes). Why not just one iteration? Or 10? Or 5.000? Why so many?

Thank you!
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November 23, 2015, 11:26:26 PM
 #124

Gratz to the winner and thanks for the explanation.

Why do you take 5000000000 iterations? I cant verify it using the tool (my browser freezes). Why not just one iteration? Or 10? Or 5.000? Why so many?

Thank you!

Basically the only point of this step is to waste time.


The attack it's designed to prevent, is if a bitcoin miner bought lots of tickets in the lottery, when they solved a bitcoin block they could check to see if they won the lottery or not. If they didn't win the lottery, what they could do is throw away that block (and its 25+ btc of rewards) and never mine it. Which would effectively give them a 2nd chance at winning.

So what we do, is make the check take a long time. Like an hour-long. So the hypothetical miner, if they found a xxx006 block would have to spend an hour to check if they won the lottery. During this hour they have a MASSIVE risk of having their block orphaned (even a large pool, even if they were burning money privately mining on top of it) so the economics become pretty infeasible.

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jacktheking
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November 24, 2015, 01:16:57 AM
 #125

Glad that I won a place in the sidebar advertisement slot. Anyway, so I guess the winner of second round is not yet announced right? When will he or she be made known to public?

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RHavar
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November 24, 2015, 01:44:59 AM
 #126

Glad that I won a place in the sidebar advertisement slot. Anyway, so I guess the winner of second round is not yet announced right? When will he or she be made known to public?

https://bitcointalk.org/index.php?topic=1243970.msg13052438#msg13052438

I'll just give people a few more hours to verify the results, before I make it official

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RHavar
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November 24, 2015, 09:54:00 PM
 #127

Winner of draw 2 has been paid, and we've opened the ability to pre-register an address (for people who prefer to directly send money to the lotto): https://www.pevpot.com/register

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RHavar
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November 26, 2015, 02:56:18 AM
 #128

I've published a high-performance stretching library (it uses the modified openssl native code) to npm for the node.js users who'd like to verify games quickly:

https://www.npmjs.com/package/pevpot-stretch



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RHavar
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November 30, 2015, 12:57:49 AM
 #129

New draw is about to start, with only 3 sponsors so if you want to get an ad for cheap, now is the perfect time:
https://www.pevpot.com/sponsors

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November 30, 2015, 01:23:20 AM
 #130

just bought tickets Smiley
wish everyone luck lets get this going only 36 blocks more!
PuraPuraBego
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November 30, 2015, 11:20:06 AM
 #131

Hey Ryan.
Need how much block for showing result the winner ._.

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Falconer
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November 30, 2015, 11:22:01 AM
 #132

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed
PuraPuraBego
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November 30, 2015, 01:05:41 PM
 #133

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed
Rush? I'm here ASK lol.

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katerniko1
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November 30, 2015, 03:14:04 PM
 #134

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed
i was about to ask same question Cheesy
there is no rush but im curious.
regards.
-Katerniko1

dooglus
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November 30, 2015, 04:58:00 PM
 #135

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed
i was about to ask same question Cheesy
there is no rush but im curious.
regards.
-Katerniko1

It takes an hour or two to calculate who won. You can do it yourself though, following the information on the pevpot site.

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RHavar
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November 30, 2015, 05:33:14 PM
 #136

Sorry about the delay, the stretched block hash is: 26d33835054efa572c76332ea937331d74d92eee64d58f1bc839409c29951954   I'll have the winner results shortly =)

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Rilla
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November 30, 2015, 06:29:57 PM
 #137

I think the winning ticket is:

var winningTicket = bigInt("26d33835054efa572c76332ea937331d74d92eee64d58f1bc839409c29951954", 16).mod(673476389).toJSNumber();
// 134370671
RHavar
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November 30, 2015, 06:33:17 PM
 #138

^ Yeah, that looks right. Which would make the sender of:

https://www.blocktrail.com/BTC/tx/81fe11fd0f44b4ef181a17f2308e46e3a2310d73d25da98cb41d14dff1f1de93?txoutIdx=0

the winner.

I just need to get an external source of data for the transactions before I hand over the money (stupid insight.bitpay api is timing out right now)


Edit: Got Independent confirmation that this is the winning transaction =) Payment will be made shortly

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RHavar
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December 01, 2015, 12:17:41 AM
 #139

Winner has been paid 6.87664041 BTC!

Thanks again for everyone who played, and sponsored the draw! Looks like draw #4 is going to be a bit bigger =) Get your tickets early!

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RHavar
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December 06, 2015, 03:52:25 AM
 #140

With our 4th draw coming near to a close, now is your chance to get in! There's not much early-bird bonuses left, but still can't beat the <= 0 house edge we offer!

Also, I'd like to encourage sponsors to create an ad: https://www.pevpot.com/sponsors

For next to nothing you can create an ad and get on the homepage. For next week I'll add analytics, so it's possible to get an idea how much exposure you're getting. But with a few bitcents, you can't go wrong =)

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