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Author Topic: Buying a lottery ticket with your electrical bill.  (Read 936 times)
Anonymous
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July 14, 2011, 03:44:00 AM
 #1

Tell me if this would work. A mining pool that saves all the generated coins and it goes into a jackpot for one of the participants to win.

There could be other revenue generated that is added to this pot as well such as advertising and sponsorship. Such as a mailing list that mining/computer software and hardware sellers could post too and you could subscribe to via an opt in.

Is this no different to solo mining ?

 Undecided




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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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FlipPro
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July 14, 2011, 03:48:56 AM
 #2

Tell me if this would work. A mining pool that saves all the generated coins and it goes into a jackpot for one of the participants to win.

There could be other revenue generated that is added to this pot as well such as advertising and sponsorship. Such as a mailing list that mining/computer software and hardware sellers could post too and you could subscribe to via an opt in.

Is this no different to solo mining ?

 Undecided





Anything can  "work" ! 

LEASE THIS SIGNATURE OUT WEEKLY/MONTHLY.

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RandyFolds
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July 14, 2011, 03:53:22 AM
 #3

Mining bitcoin is already akin to gambling with your power bill, though with much better odds of return than your pool. What incentive is there to gamble all of it on a longshot? I would rather get my SMPPS and play blackjack to get my fix...

And yes, the odds of winning your jackpot are the same as solo mining. You gotta sweeten the pot for the end-user, or it will never get big.
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July 14, 2011, 03:55:17 AM
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Do my eyes deceive me or is that RandyFolds on the forum!!!

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
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July 14, 2011, 04:24:43 AM
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I have emerged. It's great...this is like, the trolliest forum I have ever seen.
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July 14, 2011, 04:29:25 AM
 #6

just pool ffs... its one of the most fair ways, except i don't care for pool operators who can sit on their lazy ass and make money for doing nothing. we need a decentralized way to operate pools.

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July 14, 2011, 04:47:39 AM
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I have emerged. It's great...this is like, the trolliest forum I have ever seen.

We don't present a very nice face to the world, do we?

"Bitcoin, We're The Trolliest!"

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
Play my FREE HTML5 games at: http://magigames.org  BTC donations accepted.
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