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Author Topic: Bitcoin mining lottery  (Read 1346 times)
AngusCanine (OP)
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February 04, 2016, 12:10:41 AM
 #1

Check out this thread if your interested in a joining a btc mining lottery group where people pool their Bitcoin and rent mining hashes at a chance to find and then split the block in your share percentage.

https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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February 04, 2016, 03:28:20 AM
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Bumps, "updates" are limited to once per 24 hours

check point 13 here > https://bitcointalk.org/index.php?topic=703657.0
AngusCanine (OP)
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February 05, 2016, 11:53:12 PM
 #3

Now 5 places filled  still need a five more  Smiley
AngusCanine (OP)
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February 06, 2016, 06:35:28 PM
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Only a couple spots left Shocked
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February 07, 2016, 01:51:24 PM
 #5

It will be interesting to see if we get lucky and hit anything, some of these groups are quite lucky and have had success.
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February 08, 2016, 01:12:25 AM
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It will be interesting to see if we get lucky and hit anything, some of these groups are quite lucky and have had success.
Fingers crossed
 Cool
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February 08, 2016, 01:49:47 AM
 #7

Hahahhaa, that's a nice way to test your luck! It might be a good shot, I personally consider myself as very lucky sometimes, who knows if luck can help me out this time.

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February 08, 2016, 06:20:46 PM
 #8

Half way through the first run. Drop in an see if can we do it

 https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 😎
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February 09, 2016, 08:32:26 PM
Last edit: February 09, 2016, 09:59:23 PM by AngusCanine
 #9

Half way through the first run. Drop in an see if can we do it

 https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 😎
well only a 5Billion share this round but round 2 is in the works drop by this thread https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261 if interested in joining

Edit: 7billion share
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February 11, 2016, 08:41:27 AM
 #10

I'm hoping we are lucky the second time round.
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February 11, 2016, 08:08:13 PM
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Hopefully we see some amazing luck Cheesy

Also thanks for trying to advertise the group, hope to see more cool people ready to take a chance.

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February 12, 2016, 07:11:16 AM
 #12

I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
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February 12, 2016, 08:48:39 AM
 #13

I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though Cheesy

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February 12, 2016, 03:49:21 PM
 #14

Check out this bitcoin mining lottery group

https://bitcointalk.org/index.php?topic=1345538.msg13716261#msg13716261
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February 12, 2016, 06:33:12 PM
 #15

We need more participants, calling all gamblers 🤑
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February 12, 2016, 07:36:57 PM
 #16

I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though Cheesy

50x your investment shared with 10 people..

Which means that you you have 2% chance to gain 500% on your investment. Those odds do not seem very favourable to me unfortunately..
AngusCanine (OP)
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February 13, 2016, 03:41:37 AM
 #17

OK red or black for this guy  Roll Eyes  And we still are need a few more people for round two!!!   Grin
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February 13, 2016, 04:50:00 AM
 #18

I kind of like the idea that is presented there!

What are the odds of hitting a block roughly with say the 0.05 option? (your hash / total hash)

It is probably more viable than setting up a small miner at home for this purpose to try and get lucky.
If we have 10 people (0.5BTC) Its roughly 2%. To have a theoretical 100% chance you would need to spend 25BTC on mining. It does not matter if you do 1PH for a couple of days, or 100TH for a couple of weeks assuming you spend the same 25BTC you have the same luck.

It would be amazing to hit a block though the return in a 10 person group. It is 50x your investment though Cheesy

50x your investment shared with 10 people..

Which means that you you have 2% chance to gain 500% on your investment. Those odds do not seem very favourable to me unfortunately..
Those calculations are after you account for 10 people. And you have a massively better chance than winning the lottery, or the top 3 prizes after jackpot at least.
0.05 x 50 = 2.5BTC (your approximate share of a block)

It accumulates to 2% chance to gain 5,000% on investment.

AngusCanine (OP)
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February 13, 2016, 11:56:21 PM
 #19

Still a few spots left for Block Breakers United group 1 Smiley
tiggytomb
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February 15, 2016, 01:35:03 PM
 #20

A few more spaces left before mining starts on the 23rd
AngusCanine (OP)
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February 17, 2016, 11:41:48 AM
 #21

One spot left for group 1 Bitcoin mining lottery follow link on op
AngusCanine (OP)
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February 17, 2016, 06:11:17 PM
 #22

One spot left for group 1 Bitcoin mining lottery follow link on op
run being left open until February 23, now 11 spots filled. The more people invested the better the chance. Check out op on this thread for link. Cool
AngusCanine (OP)
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February 18, 2016, 11:48:00 AM
 #23

One spot left for group 1 Bitcoin mining lottery follow link on op
run being left open until February 23, now 11 spots filled. The more people invested the better the chance. Check out op on this thread for link. Cool
now  13  spots filled  the more people the higher the hash rental the bigger the chance
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