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Author Topic: PyraLottery: the first clever lottery in the world (based on Pyramining service)  (Read 1881 times)
links-pyramining
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March 09, 2013, 11:31:01 AM
Last edit: September 06, 2013, 06:50:13 AM by links-pyramining
 #1

What is Pyramining?

Firstly, for those who don't know what Pyramining is, I suggest to take a look at the site and at the official thread in this forum.

How does PyraLottery work?

Joining Pyramining through my referral links you take a chance at winning the not-so-big-but-quite-interesting jackpot. Visit the site to get all the details and see the statistics.

Clever lottery (PyraLottery)

Unlike other lotteries, you don't have to spend your Bitcoins and hope to win; set them aside for the future! Invest your Bitcoins in Pyramining through my referral links and just sit down and wait for interest accrues. Doing this, as a side effect, you will automatically try your luck at winning the "not-so-big-but-quite-interesting" jackpot!

It is so clever because
  • No one will lose its Bitcoins!
  • Everyone will earn at least +10% from its Bitcoins!
  • Everyone will set aside its Bitcoins for the future!
  • Everyone has a chance to win Bitcoins for free earning Bitcoins!

Tax on stupidity (the others)

I've always thought that lotteries are a tax on stupidity! Though, since lotteries are so attractive, i think also that there are a lot of people who fail to understand that buying a lottery ticket is a poor economic decision. With PyraLottery, this is not the case!

Go to PyraLottery web site for more details.

Should you encounter any bugs, glitches, lack of functionality or other problems on the website or should you think that anything could be implemented in a different way, please answer here.

Your help in this regard is greatly appreciated!
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links-pyramining
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March 11, 2013, 10:12:32 AM
Last edit: March 25, 2013, 09:05:43 AM by links-pyramining
 #2

Latest news
March 11, 2013
Ticket cost changed from 0.001 to 0.01.
An investor pointed out to me that it makes little sense 0.001 BTC per ticket when the cost of a so little BTC transaction could be of 0.0005 BTC.
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March 25, 2013, 09:01:43 AM
 #3

Latest news
March 25, 2013
Fixed a calculation error in investment examples.
There was an error in the examples table; it has been fixed and now the values are correct.
TradeFortress 🏕
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March 25, 2013, 09:05:35 AM
 #4

This would be cool if pyramining paid out higher returns.
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August 12, 2013, 09:54:31 AM
 #5

Latest news
August 12, 2013
ASICs and Pyramining queue.
The implementation of ASICs has definitely brought a benefit to the whole Pyramining community, but it has also brought some disadvantages. Currently, Pyramining accounts are not activated instantly, but must follow a queue.
Only active accounts at the close date (October 13, 2013) will be considered valid, so if you want to be sure to attend, make your deposits ​​well in advance.
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August 13, 2013, 05:29:10 PM
 #6

This reminded me to go and check on my Pyramining account. I had a %400 bonus.  Shocked Thanks for the reminder, and good idea BTW.

Join under my referral link and you will get a larger bonus, too! Link is in my sig.
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September 13, 2013, 07:51:33 AM
 #7

Latest news
September 13, 2013
Jackpot boost!
At one month from the close date (October 13, 2013) we decided to reward you even more! We are currently putting aside 40% of our extra reward to form the Jackpot, but if by the closing date the Jackpot will reach 5,000.00 mBTC, we will raise the percentage to 50% (rising suddenly to 6,250.00 mBTC)!
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September 26, 2013, 10:45:35 AM
 #8

Quote
This action gives you another +10% bonus and a -13.5% break even time!
This is wrong!
Look at this message: https://bitcointalk.org/index.php?topic=80845.msg3227985#msg3227985

First level sponsor gets +10% bonus and +10.5% revenue (not +15%) so reduction of break even time is about 5%.

I'm afraid all the math on your site is wrong... sorry.

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October 10, 2013, 09:06:20 AM
 #9

This is wrong!
Look at this message: https://bitcointalk.org/index.php?topic=80845.msg3227985#msg3227985

First level sponsor gets +10% bonus and +10.5% revenue (not +15%) so reduction of break even time is about 5%.

I'm afraid all the math on your site is wrong... sorry.

Thanks for the tip! I will update the math on my site.

But I think you are also wrong. So, please, correct me again, or confirm this example ;-)

Case A: you invest 100 BTC using a normal sponsor
Case B: you invest 100 BTC using my Extra Bonus promotion

Let's suppose, for simplicity, that every account gets 10% of deposit during an undefined period.

In case A you get 100 * 10% - 30% => 7
In case B you get (100 * 10% + 100 * 10% * 15%) - 30% => 8.05

Case A break even time: 100 / 7 = 14.2857 periods
Case B break even time: 100 / 8.05 = 12.4224 periods

Case B saves 13.04% break even time.

Thanks again!
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October 11, 2013, 07:45:18 AM
 #10

Thanks for the tip! I will update the math on my site.

But I think you are also wrong. So, please, correct me again, or confirm this example ;-)

Case A: you invest 100 BTC using a normal sponsor
Case B: you invest 100 BTC using my Extra Bonus promotion

Let's suppose, for simplicity, that every account gets 10% of deposit during an undefined period.

In case A you get 100 * 10% - 30% => 7
In case B you get (100 * 10% + 100 * 10% * 15%) - 30% => 8.05

Case A break even time: 100 / 7 = 14.2857 periods
Case B break even time: 100 / 8.05 = 12.4224 periods

Case B saves 13.04% break even time.

Mmmm... I don't think so but I'm not sure.

Perhaps it's better asking pyramining himself.

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October 14, 2013, 07:53:52 AM
 #11

Latest news
October 14, 2013
Thank you very much to every one!
This is the hashing block and here you can download a CSV with all the tickets codes. Now, wait till drawing date (October 17, 2013) and cross your fingers.
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October 17, 2013, 10:16:44 AM
 #12

Latest news
October 17, 2013
And the winner is...
Thanks to the lucky block and an investemnt of only 0.09 BTC, xdsnrm8p is the winner!
It brings home the Jackpot of 3.85247615 BTC gaining a return of +4718%!
View information about the winning transaction.
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