The Bitcoin Lottery

[DaMan]

Oh people!

CAN YOU READ?

The minimum bet is 0.1 btc.

You send 0.08 in your first try and 0.02 in you second try!!!

THERE IS A RED NOTE AT THE PAGE:

Note: If you send a bet lower the minimun of 0.1 btc, it will be added to the jackpot but will not be included in the playing process!

DO YOU WANT TO WEAR ME DOWN?



What should I say more???

[1713994091]

1713994091

[1713994091]

1713994091

[1713994091]

1713994091

[jme621]

Oh people!

CAN YOU READ?

The minimum bet is 0.1 btc.

You send 0.08 in your first try and 0.02 in you second try!!!

THERE IS A RED NOTE AT THE PAGE:

Note: If you send a bet lower the minimun of 0.1 btc, it will be added to the jackpot but will not be included in the playing process!

DO YOU WANT TO WEAR ME DOWN?



What should I say more???

doesn't say that in the op so how would we know if we just follow your instructions?

send the two trans back, and ill resend it as one sum

[DaMan]

@jme621

btc send to the bitcoin address you used to play: 18jevo.......

Tell me if you received it.

Kind regards from Germany!

[DaMan]

Waiting List: Transaction Info added.

[Jdumond]

welp im addicted.

[tito13kfm]

Ok.. so I just won.. Kind of wondering though, 170% of .40 would be .68BTC, but I only received .65BTC.  .005BTC admin fee +3% transaction fee should have only been .0188 BTC

Just wondering where the other .01 or so BTC went to?  Was it pocketed, or was it paid as a transaction fee?

[DaMan]

The vary is the transaction fee.

I tried to calculate it as good as I know, but sometimes the server takes 0.01, sometimes 0.02/0.03 and with the latest server version sometimes only 0.0005. BUT only sometimes! I can't see any way to calculate it exactly. I tried to calculate the blocksize in kb, but the result was mostly way larger than the server really used.

Actually I calculate with 3% transaction fee to be on the secure side. But in 99% that value will be lower than the standard 0.01 fee. And so the standard fee will be used. But, as noticed -> in some cases 0.02 btc transaction fee will be used.

We will see how the new client 0.3.23 will handle the fee's. If it really takes only 0.0005 btc, I will rewrite the fee calculation.

If someone knows how I can calculate the fee exactly, please post it. There was a thread in project development. -> http://forum.bitcoin.org/index.php?topic=15002.0

Kind regards!

[DaMan]

The update to the latest server version is done. Now we have to watch the fees. If the server really uses 0.0005 btc in most cases we have to update our fee calculation, too.

back online: http://bitcoin.dyndns.info/bt/

[tito13kfm]

Well, lost 3.75BTC last night in a run of bad luck.  (I was betting between .5 and 1BTC at a time.)

Oh well, it was fun, and it seems fair from what I can tell.

[DaMan]

Hey!

That's my thread! ;P

*joking*

[Jdumond]

Hello-  Great site!!

I submitted a .10 bet today and It is showing in my client as 0/offline?

The website seems to be working because I see  other pending bets, I have all the blocks downloaded, and am connected through the client.


any ideas?

[DaMan]

Hi Jdumond,

that seems to be a bitcoin client problem. I had this before on regular transactions. But after a restart the client will connect and confirm the transactions. Don't know when that happens.

Regards!

[doomy]

Great game, thanks for the entertainment. 

[DaMan]

lucker, you!    And thank you for the positive feedback!


BTW: we lowered the transaction fee's since we use the latest bitcoin server.

The new bitcoin network transaction fee varys between 0.0005 and 0.003. We reduced the calculation fee to 1% (before 3%), which should cover most of the cases. We will have to watch this.

The previous fee was min. 0.01 to 0.03 btc., so you should win a little bit more.

Greetings!

[DaMan]

We have some internet connection problems right now. The server is online and you can play, but don't worry if the website could not be reached. The technicans told us they need to restart our router this afternoon (CET).

On the other side there are transactions which took a long time to be confirmed, anyone knows why? I have the problem with the normal b2b bitcoin client transfer, too. But thats another threat.

Greetings.

[tito13kfm]

So... You lowered the transaction fees as well as the payout structure?

Yesterday was 170%, 240%, and 90% of jackpot.. today it's 154%, 224% and 90% of jackpot

What is the reasoning behind this?

[DaMan]

Until yesterday the payout was 170% - System and transfer fees. And we took a percentage of your playing amount and added it to the jackpot account.

The problem was that the transfer fee (min 0.01) could not be calculated in a perfect way. Sometimes the client/server took 0.01, 0.02 and 0.03 for 0.1 btc bets.


Yesterday the server was updated to the latest version. And now the transfer fee was lowered to 1% the system fee is still the same (5%) and the jackpot percentage was raised to 10% to create a higher jackpot.

Because there was confusion with the 170% payout less the fees, I tried to calculate the % close to the real payout including all fees. That worked well in most cases, there maybe a difference of 0.005 btc, because sometimes the client/server uses 0.0005 btc and sometimes 0.001, 0.002 or 0.003 btc.

To be safe with the transfer we calculated with a minimum of 0.001 btc. But I will check the server logfiles tonight and see if the server really takes the promised 0.0005 btc in most cases. If so, I will correct the transfer fee minimum calculation to 0.0005 instead 0.001 btc.

Currently there was a difference of 0.001 btc. Maybe because I round the values to x.xxx.

I will update it tonight and keep you informed.

Kind regards!

[DaMan]

@tito13kfm

Hi tito,

my thoughts and fee calculation was way to complicated. It should be simple and easy.

Now I changed it and it should work as it should.

Thank you for your feedback.

Kind regards!

[lemonginger]

It would be nice if we could deposit a large chunk of bitcoins in and then play it like a slot machine, rather than have to wait for confirmation after every bet. Deposit/play for awhile/cashout winnings or what's left

[bitlotto]

It would be nice if we could deposit a large chunk of bitcoins in and then play it like a slot machine, rather than have to wait for confirmation after every bet. Deposit/play for awhile/cashout winnings or what's left

Great idea! I'd like that. He'd probably have to deal with more security stuff as he'd be holding onto more money at a time but surely doable!