Bitcoin Forum
December 04, 2016, 02:16:37 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: What do you think would happen if ticket price changed to 0.05 BTC?
Jackpot will be higher - more will play and many people will still purchase at least 0.25 or more - 37 (39.4%)
Jackpot will be the same - there will be more people playing but many will bet less - 17 (18.1%)
Jackpot will be lower - many people will bet the bare minimum - 40 (42.6%)
Total Voters: 93

Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
  Print  
Author Topic: [BITLOTTO] Mar 1 draw over $2000 or 50BTC! Tickets now 0.1 BTC for Apr 5  (Read 49747 times)
Otoh
Donator
Legendary
*
Offline Offline

Activity: 1918



View Profile
March 03, 2012, 10:42:36 AM
 #121


Blockchain.info is good. It sends from an address in your wallet and I think it even has a dropdown box to choose which one. Recommended.

yes it does & all very easy to use too, even when not totally sober  Embarrassed

PS I've edited my original post above to explain how come I messed up...

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
1480817797
Hero Member
*
Offline Offline

Posts: 1480817797

View Profile Personal Message (Offline)

Ignore
1480817797
Reply with quote  #2

1480817797
Report to moderator
1480817797
Hero Member
*
Offline Offline

Posts: 1480817797

View Profile Personal Message (Offline)

Ignore
1480817797
Reply with quote  #2

1480817797
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480817797
Hero Member
*
Offline Offline

Posts: 1480817797

View Profile Personal Message (Offline)

Ignore
1480817797
Reply with quote  #2

1480817797
Report to moderator
1480817797
Hero Member
*
Offline Offline

Posts: 1480817797

View Profile Personal Message (Offline)

Ignore
1480817797
Reply with quote  #2

1480817797
Report to moderator
1480817797
Hero Member
*
Offline Offline

Posts: 1480817797

View Profile Personal Message (Offline)

Ignore
1480817797
Reply with quote  #2

1480817797
Report to moderator
schnell
Sr. Member
****
Offline Offline

Activity: 266


View Profile
March 03, 2012, 02:22:19 PM
 #122

Why not from an online wallet?

Because if you win and it sends the winnings back to the same address it may not be available to you. It depends how the addresses are allocated/managed by the wallet. They may send from an address that is not the one you would receive on. eg. MtGox sends on pretty much some random address different form the one in my account.

Ah, that should be explained a bit more Tongue
I use blockchain.info, and I have indexed my priv keys, so im good Smiley
Thanks!
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 04, 2012, 01:55:17 AM
 #123

I do list blockchain.info as an exception so it should work.

And I'll refund the 9.75 right away. I really try not to open the wallet too often. (Mostly my own paranoid security measures) But as I know they want to enter the rest I'll try to do it soon. I'll also update the website to be more accurate with the jackpot size.

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.
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 04, 2012, 02:07:31 AM
 #124


Ah, that should be explained a bit more Tongue
I use blockchain.info, and I have indexed my priv keys, so im good Smiley
Thanks!


Ya, I'm not sure how to better explain it but I'll give it a shot.

I honestly think the most simple way is to say no online wallets but list exceptions.

I only know of:
http://strongcoin.com/
http://blockchain.info/wallet

Are there any other popular ones that would work with my 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.
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 04, 2012, 03:56:54 AM
 #125

Website has been fixed to not include the over payment (refund of 9.75 sent -the tx that sent the 10 BTC could still win as 0.25 was left in for that tx) and so far the jackpot for March 7 is just shy of 60 BTC!!!!

*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.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
March 04, 2012, 05:46:33 AM
 #126

Website has been fixed to not include the over payment (refund of 9.75 sent -the tx that sent the 10 BTC could still win as 0.25 was left in for that tx) and so far the jackpot for March 7 is just shy of 60 BTC!!!!

Though the October 2011 jackpot was bigger in terms of BTCs (the lotto was 1.0 BTC per ticket back then)  there were fewer  tickets sold (140 of them).
 - http://bitcointalk.org/index.php?topic=34007.msg558083#msg558083

[Update: Scratch that.  The switch to 0.25 BTC occurred prior to October 2011, so the Oct '11 jackpot had more tickets sold -- 560 (which remains the record high yet).]
 
This month at over 60 BTC where each ticket is 0.25 means there are over 240 tickets sold.  More than twice last month's total (of about 120 tickets).

N.Olmos
Full Member
***
Offline Offline

Activity: 164



View Profile
March 04, 2012, 06:32:44 AM
 #127

That long downtime a few weeks ago almost killed BitLotto.

n.olmos

Refer friends and earn 25%!

http://offers.coinad.com/?r=3
Otoh
Donator
Legendary
*
Offline Offline

Activity: 1918



View Profile
March 04, 2012, 10:12:19 AM
 #128

Website has been fixed to not include the over payment (refund of 9.75 sent -the tx that sent the 10 BTC could still win as 0.25 was left in for that tx) and so far the jackpot for March 7 is just shy of 60 BTC!!!!

Many thanks, got it - I'll resend the bets now, sorry for the extra work  Embarrassed

The way I was thinking for doing larger bets is if someone sent you say 10 BTC to a special large bets address that gets generated on request for each customer, your bot would then resend all of this in 0.25 BTC chunks to the normal monthly lotto address to create the 40 hashes necessary for the lotto, if one of these won then the prize would go to first the customer's exclusive large bets address & then on to them from that to the address they sent the 10 BTC from, they could also send more than 1 large bet to their exclusive LBA & this address could even be constant & just adjusted internally for each new month's lotto. It looks cheat proof to me & not too hard to set up - though I'm no programmer

I'll post this in your thread for feedback

Cheers, Otoh

Edit: perhaps the tx from customer to their LBA would need to be made public at the time so that all could see the prize went back to the winner's own address via it, or just a list of each generated LBA & which customer address it received funds from

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 05, 2012, 03:59:36 AM
 #129

That long downtime a few weeks ago almost killed BitLotto.

n.olmos

Ya it sucked!!! My hardest problem is finding a DNS and host that work properly through TOR. But EVEN *IF* the website and everything was taken down BitLotto will continue. As long as there are players who want to play I'll continue it. Just posting the address on this forum will keep it alive even if the website is shut down. The addresses will be gpg signed to ensure that I'm still the same person running it. In other words it will only end when I and my back up person die at the same time or people quit playing!! Wink

*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.
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 05, 2012, 04:10:28 AM
 #130

Wow, over 75 BTC. BitLotto is making a comeback! Good luck to those who enter.

Otoh: I will look into that. I don't know about making it automatic as I have to have a wallet exposed to the Internet. I like to make sure that I keep security pretty high as I can never afford a single loss of funds. One loss would ruin me. I want to be the most secure, cheat proof lottery around. Unless I do the work manually myself. I may do it. We will see. But the more I think of it though, if someone wanted to invest a lot it wouldn't be hard to paste the address a few times and enter 0.25 each time....

*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.
N.Olmos
Full Member
***
Offline Offline

Activity: 164



View Profile
March 05, 2012, 05:06:00 AM
 #131

Thank you bitlotto for running the lottery.

I have been buying a few tickets each month and will continue to do so until it stops running.

I did missing two draws as I was checking the website from time to time and did not know the drawings were still ongoing.

Best,

n.olmos


Refer friends and earn 25%!

http://offers.coinad.com/?r=3
Ricochet
Sr. Member
****
Offline Offline

Activity: 373



View Profile
March 06, 2012, 02:28:21 PM
 #132

Ah what the hell.  Might as well enter the lottery.  Better chances than the local gas station at least.
farfiman
Legendary
*
Offline Offline

Activity: 1449



View Profile
March 06, 2012, 03:38:18 PM
 #133

Wow, over 75 BTC. BitLotto is making a comeback! Good luck to those who enter.




Over 100 !

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
bitlotto
Hero Member
*****
Offline Offline

Activity: 672


BitLotto - best odds + best payouts + cheat-proof


View Profile WWW
March 07, 2012, 01:10:18 AM
 #134

March lottery is over. Jackpot grew to over 100 BTC. Winner will be announced soon. Next draw is April 4. 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.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
March 07, 2012, 01:54:56 AM
 #135

Looks like someone bought a ticket after the deadline.  So once that is returned, looks like there were about 450 tickets sold.

Incidentally, reading the article about the PowerBall Lottery I saw this:
"Powerball retailers in Rhode Island get eight cents on the dollar for every ticket sold [from Rhode Island]."
 - http://news.yahoo.com/336-4m-powerball-winner-newport-ri-woman-81-160939430.html

Eight percent of the ticket sales (in R.I. at least) goes straight to the convenience store or wherever you bought the ticket.  OUCH!

I don't know the exact payout but have seen something to the effect of payouts being in the 70% range.  Compare this to BitLotto at 99% payout.

Then the jackpot, based on ticket sales, was $336.4 million but the winner wants a lump sum (at 81 years old, wise choice!) so that drops it to $210 million.  The state of Rhode Island got an additional $14.7 million on the income taxes on the prize that are subtracted before the winner sees the money.

Now I know some of the profits from state-run lotteries go to good uses but at 70% or whatever payouts exist for wagering in those lotteries they've never interested me.

BkkCoins
Hero Member
*****
Offline Offline

Activity: 784


firstbits:1MinerQ


View Profile WWW
March 07, 2012, 09:25:52 AM
 #136

Looks like someone bought a ticket after the deadline.  So once that is returned, looks like there were about 450 tickets sold.

Incidentally, reading the article about the PowerBall Lottery I saw this:
"Powerball retailers in Rhode Island get eight cents on the dollar for every ticket sold [from Rhode Island]."
 - http://news.yahoo.com/336-4m-powerball-winner-newport-ri-woman-81-160939430.html

Eight percent of the ticket sales (in R.I. at least) goes straight to the convenience store or wherever you bought the ticket.  OUCH!

I don't know the exact payout but have seen something to the effect of payouts being in the 70% range.  Compare this to BitLotto at 99% payout.

Then the jackpot, based on ticket sales, was $336.4 million but the winner wants a lump sum (at 81 years old, wise choice!) so that drops it to $210 million.  The state of Rhode Island got an additional $14.7 million on the income taxes on the prize that are subtracted before the winner sees the money.

Now I know some of the profits from state-run lotteries go to good uses but at 70% or whatever payouts exist for wagering in those lotteries they've never interested me.
The 99% payout is the only reason I'm willing to play this lottery. The old saying goes "Lotteries are a tax on the stupid", but in this case only 1% stupid. If the chances of winning drop too much I'll drop out too. I like it around 100:1 roughly but it's already passed that.

Otoh
Donator
Legendary
*
Offline Offline

Activity: 1918



View Profile
March 07, 2012, 10:37:56 AM
 #137

In Europe we get only 50% returned in prizes, so a 50% stupid tax - now we just need BitLotto to have the same size of jackpots as it does, except that would be all the possible coins ever in existence until they're worth considerably more each


Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
N.Olmos
Full Member
***
Offline Offline

Activity: 164



View Profile
March 07, 2012, 11:08:13 AM
 #138

50%! WOW!

Perhaps we have been doing it wrong all along. Instead of trying to get big businesses to adopt bitcoin we should try to get the the lottery players of the world to use bitcoin.

Breakdown of BitLotto revenue

0.5%   in profit to BitLotto*
0.5%   in operating costs*
0.0%   in commision to the retailers
0.0%   to the Government
0.0%   for Good Causes
99%    to winners
vs.
above chart

* split 1% since I don't know if BitLotto is profitable.

Refer friends and earn 25%!

http://offers.coinad.com/?r=3
Otoh
Donator
Legendary
*
Offline Offline

Activity: 1918



View Profile
March 07, 2012, 11:25:01 AM
 #139

50%! WOW!

Perhaps we have been doing it wrong all along. Instead of trying to get big businesses to adopt bitcoin we should try to get the the lottery players of the world to use bitcoin.

Breakdown of BitLotto revenue

0.5%   in profit to BitLotto*
0.5%   in operating costs*
0.0%   in commission to the retailers
0.0%   to the Government - to waste on stupid shit that you probably disagree with anyway
0.0%   for Good Causes - ie not you
99%    to winners
vs.
above chart

* split 1% since I don't know if BitLotto is profitable.

FTFY

yep 50% surprised me when I looked it up & I've paid a lot in to that stupid tax fund over the years, from now on it's all going to go to Bitlotto except when the € jackpot is over €100M (when I'll play both), also if a few millions of lottery players cut out the middle men by using BitLotto the prize return for winners could probably go up as it's quite scalable without much extra work I'd imagine, say if $10M was staked then a return of 99.9% would leave a healthy $10,000 per week for the operator, even with 99.99% returned it would still give him $1,000 per week in beer money on a weekly draw

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
koin
Legendary
*
Offline Offline

Activity: 874


View Profile
March 07, 2012, 11:31:38 AM
 #140

0.0%   to the Government

bitlotto should change its slogan, from
 "anonymous, transparent, and cheat-proof with a 99% payout!"
to just
 "0.0%   to the Government"
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!