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Author Topic: Introducing PevPot.com The Bitcoin Lottery  (Read 11799 times)
lama-hunter
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December 06, 2015, 03:54:22 AM
 #141

Nice Site and nice idea! It is possible tom get this going includede as an free faucet like freebitcoin.io?

Would be great to know about Wink

regards
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December 06, 2015, 06:29:02 AM
 #142

This is a really cool concept, just now have found out about this. But what are some ways we can take time to verify the winner our self for each drawing. I would look at the site my self and enter a drawing, but I'm currently away from my home computer right now.

Looking forward to playing though, you have made a lot of good games, and I'm sure this one won't disappoint either RHavar.

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December 06, 2015, 06:46:22 AM
 #143

Nice concept but i am little confused about the price of each ticket, it says to send more than 100 bits to get valid ticket but what will happen if i send 1000 bits, will i get 10 tickets? Sorry if this question is already answered above as i don't have time to scroll the whole thread.

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December 06, 2015, 06:55:41 AM
 #144

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

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December 06, 2015, 11:50:04 AM
 #145

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

That means people with high amount of money will have a higher chance of winning. I think it is better for them to set 0.04 or 0.05 per tickets so people will not purchase that many and low budget people will still have the same chance of winning too

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December 06, 2015, 12:00:31 PM
 #146

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

That means people with high amount of money will have a higher chance of winning. I think it is better for them to set 0.04 or 0.05 per tickets so people will not purchase that many and low budget people will still have the same chance of winning too

Doesnt matter since this is luck based . Cowbay with only 0.1 + tickets worth won over 26 BTC at the first draw yet there are someone that bought over 10 btc worth of tickets. This is a proof that a small amount could win tons here
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December 06, 2015, 12:15:40 PM
 #147

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

That means people with high amount of money will have a higher chance of winning. I think it is better for them to set 0.04 or 0.05 per tickets so people will not purchase that many and low budget people will still have the same chance of winning too

Doesnt matter since this is luck based . Cowbay with only 0.1 + tickets worth won over 26 BTC at the first draw yet there are someone that bought over 10 btc worth of tickets. This is a proof that a small amount could win tons here

Exactly. Also, even with such limit in effect, people can always use multiple addresses to buy tickets and (unless all those addresses are funded from the same origin), there is no way you can easily discover it.

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December 06, 2015, 12:24:34 PM
 #148

Is there something wrong with Pevpot?
Looks like it says there's no BTC in the pot?

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December 06, 2015, 12:28:04 PM
 #149

New draw -just- started, so yeh.. starts at 0 Wink


BTW, since it's a "Early Bird Bonus", the best odds to bet is right now.

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December 06, 2015, 04:16:46 PM
 #150

The tentative winner of draw #4 is: https://www.pevpot.com/registrations/c63fbed0-13bd-474a-9e4f-06816ca2204f

(Stretched hash: 16a0a5eafcfec90edbf2fb948d885d2c8c45d2b190cef29e6cb48815805ed11f  and winning tx: c0fd4716cf91a7c671f075d6f1ddbad2e440d0380fed8f7c1cb5e67c4220e446)


Which means they put in 0.52 BTC and will get: 10.96536302 BTC + 9.309% of the early bird bonus pool


Pretty crazy that every time so far, the largest player has not won the draw! I think I'm accumulating a lot of jaded whales =)

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December 07, 2015, 12:27:08 AM
 #151

Like the concept of this site. Nice to see a reputable member running a lotto. Going to give this one a try for next draw.

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December 07, 2015, 12:36:17 AM
 #152

So I'm sorry if this has already been stated before, but how do you know what ticket numbers you have when you deposit money in? After you send in bitcoins, does it register the Bitcoin address that sent it and give you a list of numbers that are your "tickets"?

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December 07, 2015, 12:41:47 AM
 #153

So I'm sorry if this has already been stated before, but how do you know what ticket numbers you have when you deposit money in? After you send in bitcoins, does it register the Bitcoin address that sent it and give you a list of numbers that are your "tickets"?

The ticket numbers are only really decided after the round ends. We get all the transactions that sent funds to the lottery address during that round, then sort them by txid. For each non-dust satoshi you send to the lottery address, you get 1 ticket.

more details


The actual ticket numbers you actually get are pretty useless, it's just a way by analogy to explain your chance of winning.

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December 07, 2015, 12:46:20 AM
 #154

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

Ok thanks for the quick response! One more question though... If I want to register my account on there since I plan on trying my luck each couple of weeks, do we need to sign a message from our wallet? I was kind of confused what to do when it says to sign the message.

Thanks again, and good luck to everyone.

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December 07, 2015, 03:30:55 AM
 #155

Payment for draw #4 will be a bit late, as the winner (boursy, from bustabit) entered an incorrect win address.  Sad

I'm working with him now to sign a message to prove without a doubt that he really did send the transaction, and once I have that published on pevpot i'll pay to the new win address.

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December 07, 2015, 03:32:35 AM
 #156

Ok thanks for the quick response! One more question though... If I want to register my account on there since I plan on trying my luck each couple of weeks, do we need to sign a message from our wallet? I was kind of confused what to do when it says to sign the message.

Thanks again, and good luck to everyone.

If you register an address, it'll be permanently registered.  If you use a forwarding address (the easy solution) you can keep reusing it.

You only have to strictly register an address if you won. So you can for instance keep sending money to the lottery address, and only if you win, sign a message proving you were the sender (and where to send the winnings)

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December 07, 2015, 03:37:04 AM
 #157

Boursy here
SO HAPPY
Working with Ryan now.
Many thanks for this wonderful EV+ lottery
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December 07, 2015, 04:52:39 AM
 #158

Am I the only person who read "Introducing Perv Pot" and thought you had opened the wrong window?
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December 07, 2015, 06:52:56 AM
 #159

Ok thanks for the quick response! One more question though... If I want to register my account on there since I plan on trying my luck each couple of weeks, do we need to sign a message from our wallet? I was kind of confused what to do when it says to sign the message.

Thanks again, and good luck to everyone.

If you register an address, it'll be permanently registered.  If you use a forwarding address (the easy solution) you can keep reusing it.

You only have to strictly register an address if you won. So you can for instance keep sending money to the lottery address, and only if you win, sign a message proving you were the sender (and where to send the winnings)

From what I understand here. So we just need to directly send our btc to that address then if we win you just ask our address to sign message to proof that address is us and then you can send our winning right away? Btw I just registered account but it seems I dont see any login thing to check our transaction

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TipZ
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December 07, 2015, 07:32:09 AM
 #160

Hum... your lotto seems really interesting. I'll give it a try asap Smiley
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