Bitcoin Forum
November 09, 2024, 06:02:47 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: A Bitcoin Powerball  (Read 2117 times)
ASICPool (OP)
Member
**
Offline Offline

Activity: 80
Merit: 10



View Profile
May 19, 2013, 09:28:57 PM
 #1

In the coming weeks I will be developing a Bitcoin lottery designed to be similar to the Powerball.
I hope to have the following features:

- Cummulative jackpot
- Random numbers
- Anonymous winners: Will be sent to address that made bet
- Use an escrow until I gain more trust.
- Consolation prizes: eg 4 or 5 correct numbers
- A power number that must be present to win jackpot
- A livefeed of the numbers being generated to prove fairness


Any suggestions, HELPFUL criticism, and comments are welcome.

Oh and I also need a name for this, and what you guys think each ticket should be priced at
ASICPool (OP)
Member
**
Offline Offline

Activity: 80
Merit: 10



View Profile
May 19, 2013, 09:43:04 PM
 #2

I've decided that the numbers are going to be generated by the address that sends them, so no database is necessary, just a list of Bitcoin addresses entered in the lottery. The one setback using this would be that you could only bet once per address for unique addresses, but I will try and think of a workaround for this.

In other news I think I'm going to name this Powercoin.
ASICPool (OP)
Member
**
Offline Offline

Activity: 80
Merit: 10



View Profile
May 19, 2013, 09:52:24 PM
 #3

Okay I've thought of a way to bypass the one address limitation.
The tickets will be priced at .01 BTC and your payment must be sent in increments of that.
I will divide your sent amount by .01 and for each time that increment occurs I will do some sort of operation to randomize the numbers. I should be able to get about 100 different combinations of numbers using this method, but I will know for sure once testing begins.
coinerd
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
May 20, 2013, 03:30:00 AM
 #4

In other news I think I'm going to name this Powercoin.

I'm sure the powercoin guys would love you for it.

 Smiley
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!