tito13kfm
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Activity: 42
Merit: 0
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July 01, 2011, 07:19:02 AM |
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Whoohooo! Just over 1,000 officially now!
Would everyone like having the price to be 0.25/ticket next month or do you want it lower? (It's a fine line between number of players vs price and how it effects total jackpot)
I personally think .25 is just about perfect for the price, yes you will see more action at .1 each, but I don't think you will see 250% more action to make up the difference. Maybe have 2 lotteries. A "high roller" .25 and a .1 game running simultaneously (although this might backfire) |
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bitlotto (OP)
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July 01, 2011, 12:22:49 PM |
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Maybe have 2 lotteries. A "high roller" .25 and a .1 game running simultaneously (although this might backfire)
I have thought about it, but ya, I think I'll just end up splitting the players. For now I'll leave it I think and as I grow open a NEW game.  My main appeal now is the large jackpot and my inability to rig the lottery. |
*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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ron
Newbie
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Activity: 56
Merit: 0
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July 02, 2011, 03:12:14 AM |
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Whoohooo! Just over 1,000 officially now!
Would everyone like having the price to be 0.25/ticket next month or do you want it lower? (It's a fine line between number of players vs price and how it effects total jackpot)
I think 0.25 is just fine. Thanks. Already got mine in last week. |
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bitlotto (OP)
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July 02, 2011, 12:14:40 PM |
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Whoohooo! Just over 1,000 officially now!
Would everyone like having the price to be 0.25/ticket next month or do you want it lower? (It's a fine line between number of players vs price and how it effects total jackpot)
I think 0.25 is just fine. Thanks. Already got mine in last week. Thanks for your input. Yes, I think I'll probably stay with 0.25. Saves me also from having to refund a portion of the price to those who entered early. GOOD LUCK!!! |
*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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bitlotto (OP)
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July 02, 2011, 06:26:19 PM
Last edit: July 02, 2011, 10:54:39 PM by bitlotto |
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Edit - Never mind.
After much thought I'm going to just refund any ticket that is below the price. Any overpayment will just have the change sent back.
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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bitlotto (OP)
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July 02, 2011, 06:30:34 PM |
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Oh, and before my PM box fills with people claiming they are the ones who overpaid I only refund back to that exact same address that send the payment. So no one can scam any BTC.
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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bitlotto (OP)
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July 04, 2011, 10:13:21 PM |
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Tiny change: late payments instead of going to the winner are just returned. It's sometimes hard to predict if your transaction will get held up so it will probably encourage more to play who wait till the end. A small fee is taken off if late to return it in case of transaction fees but it's better than before when it would just go to the winner!
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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anodyne
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July 05, 2011, 09:27:27 AM |
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Instead of changing the ticket price I think you would get more players if you had more than just the jackpot to a single winner. Something like a grand prize of 50% to one winner, five winners who get to split 25% and the last quarter of the pot to 25 more players. I'm sure that with a distribution like that you'd get enough players to keep the grand prize at least as large as in the current round.
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Bitcoins: solid enough to build pyramids. |
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bitlotto (OP)
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July 05, 2011, 10:01:49 PM |
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Only a couple hours left. Right now it's 83.66 BTC! To win, your payment has to be in a block before a block happens with a time after 00 UTC. I'll announce the winner later tonight or tomorrow morning. Good luck all those who entered!! I hope it's someone here that will come out and admit they won!! Or remain anonymous if you want....
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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bitlotto (OP)
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July 06, 2011, 03:19:27 AM |
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Since all players send using Bitcoin running on their computer I can return the winnings the sending address whose transaction won. This means that it's impossible for the wrong person to get the winnings. Everyone can see that the winnings go to the sender. If that makes sense. Anyways, checking your sig I'd suggest you not play!  |
*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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geek-trader
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July 06, 2011, 03:57:36 AM |
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when is the winner announced? I got in yesterday and I'm feeling lucky!
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geek-trader
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July 06, 2011, 03:58:53 AM |
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Oh, the website says "June 6 Jackpot Was: 87.86 BTC or 1150 USD (on draw date) " but I think you meant July 6th?
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bitlotto (OP)
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July 06, 2011, 04:09:06 AM |
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geek-trader -Thanks missed that. I'll find the winner asap. It will be out tomorrow at the latest.
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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sethmo
Newbie
Offline
Activity: 24
Merit: 0
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July 06, 2011, 04:29:10 AM |
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Who is "  Coming"?  |
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bitlotto (OP)
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July 06, 2011, 05:26:38 AM |
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Congratulations to "17au4U..." for winning July 6 draw of 87.86 BTC (1,150 USD)!!! UNOFFICIAL - STILL NEEDS TO BE DOUBLE CHECKED! Jackpot size: 87.86 BTC (1,150 USD) Block 1: 134938 Mega Millions Numbers: 01 10 13 18 46 Mega Ball 19 Winning Picks: ece9d517dc http://www.fileformat.info/tool/hash.htm?text=0000000000000465576fd4083ef6caf3bd06c52136ad313c121155d38e66b48e011013184619Winner's Hash: ec75edecb0... Winner:17au4UKNWpU5w4ZtwUTXGb6Ko7YXLmw6aa Date of ticket purchase: 2011-07-05 23:30:20 JUST BEFORE THE END! If you won, feel free to tell others on a forum or blog! It will help BitLotto grow in case you win again! |
*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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MtRev
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July 06, 2011, 06:38:45 AM |
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Grats to the winner!
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I'm in~!!
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Don't trade alone! Let's Talk Money!Stocks, Options, Crypto, Forex, Dividends and the Commodities market
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chungy
Newbie
Offline
Activity: 38
Merit: 0
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July 06, 2011, 08:42:11 AM |
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aw I didn't win Grats to the winner! |
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MtRev
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July 06, 2011, 08:52:21 AM |
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We have a MUCH greater chance in winning BTC Lotto then the mega millions lol
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Don't trade alone! Let's Talk Money!Stocks, Options, Crypto, Forex, Dividends and the Commodities market
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bitlotto (OP)
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July 07, 2011, 09:55:49 PM |
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We have a MUCH greater chance in winning BTC Lotto then the mega millions lol
Ya, even if it was a million US$ to win it would still be better odds. Although, I'd have to come up with software to find the winner. It would take me forever to do it manually. So anyone think it's them that won? There could be a chance they don't know they won till the payment just shows up on their account. I'll probably re-check everything again and send the payment Friday. Good luck for those entering the Aug draw! |
*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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bitlotto (OP)
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July 08, 2011, 03:46:56 PM |
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*Next Draw Feb 1* BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR TOR2WEB Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated. |
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