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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

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Author Topic: [BITLOTTO] Mar 1 draw over $2000 or 50BTC! Tickets now 0.1 BTC for Apr 5  (Read 49868 times)
Stephen Gornick
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March 19, 2012, 08:53:13 PM
 #181

Neat new service -- for visualizing transactions.

Here's the last BitLotto payout transaction:
 - http://www.btclook.com/#/txn/837fdfbc1e82efec54ae6a48deaeabc2eab52e1bd1339c2f422bd66d53c2373a


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bitlotto
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March 20, 2012, 04:40:23 AM
 #182

Neat new service -- for visualizing transactions.

Here's the last BitLotto payout transaction:
 - http://www.btclook.com/#/txn/837fdfbc1e82efec54ae6a48deaeabc2eab52e1bd1339c2f422bd66d53c2373a


That's pretty neat! Makes kind of a cool picture all the tx's to one point then back to one...

*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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March 22, 2012, 10:53:22 PM
 #183


BitLotto just started an affiliate program for webmasters who want to sell BitLotto tickets.
http://www.bitlotto.com/affiliate.html
(Note that at first I'll probably only accept a few sites...I'll try to do what I can. Don't
take it as an insult or that I don't like your site if you don't get in! Eventually I'll add more and more)

*I give you an address that you get people to purchase tickets through -helps keep the draw secure as only BitLotto can control the funds -NOT each affiliate
*You then get to keep the 1% of all sales through that address
*Winner and any profits are handled by BitLotto automatically
*THAT'S IT! All you have to do is change the address/date on your website each month
*BitLotto does the rest!

This will help BitLotto grow to the next level! It will also help make BitLotto more decentralized in true Bitcoin spirit and less prone to disruption if our website is down down temporarily as tickets will be advertised at many places. BitLotto will keep the 1% made at BitLotto.com and the affiliates will keep the 1% of whatever they sell.

*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
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March 22, 2012, 11:45:05 PM
 #184

This will help BitLotto grow to the next level! It will also help make BitLotto more decentralized in true Bitcoin spirit

But with this method tickets are then purchased by payment to a different address.  How can it be known how many tickets are purchased?

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March 23, 2012, 12:00:10 AM
 #185

This will help BitLotto grow to the next level! It will also help make BitLotto more decentralized in true Bitcoin spirit

But with this method tickets are then purchased by payment to a different address.  How can it be known how many tickets are purchased?
I presume he'll publish the entire list of accepting addresses for each lottery.

I am an employee of Ripple.
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
bitlotto
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March 23, 2012, 12:02:33 AM
 #186

This will help BitLotto grow to the next level! It will also help make BitLotto more decentralized in true Bitcoin spirit

But with this tickets are then purchased by payment to a different address.  How can it be known how many tickets are purchased?

Because ALL the addresses used will be published and public. Remember that I will remain control of all the addresses used. (this prevents an affiliate from taking any of the funds) It will be known if I tried removing any of those published addresses. Someone would notice. bitlotto.com/verify.html will list them. So instead of looking at just one address for the BTC to verify you would have to check a few. BitLotto.com will add them automatically and give a total jackpot size.  

*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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March 23, 2012, 12:09:52 AM
 #187

It could be done this way:

Send all purchase from the affiliates to the main address in "batches" (larger deposits)
This will generate the correct number or entries in the main address and the main address will contain all the BTC for the lottery
The affiliates end up with 0 BTC in their addresses
Run the transaction selection process
If a direct ticket buyer has the best match then they are the winner
If one of the affiliate tickets wins then
  Go into the affilitate address
  Run the same selection algorithm
  Select the winner from the affiliate tickets

EDIT: but no real advantage over just using the union of all the addresses for the total number of entries and the selection pool



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March 23, 2012, 12:15:40 AM
 #188

EDIT: but no real advantage over just using the union of all the addresses for the total number of entries and the selection pool
I did consider using other methods like you mentioned. The main advantage of doing it this way is that no bitcoin daemon has to be running! The wallet for all the funds can remain offline until the jackpot has to be paid out. It would really suck to have someone find a bug only to funnel some affiliate's tickets to their account!

*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
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March 23, 2012, 12:21:06 AM
 #189

BitLotto just started an affiliate program for webmasters who want to sell BitLotto tickets.
http://www.bitlotto.com/affiliate.html

Could that URL be aliased?  e.g.,  so that /affiliate  instead of the full /affiliate.html is necessary?

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March 23, 2012, 12:27:34 AM
 #190

BitLotto just started an affiliate program for webmasters who want to sell BitLotto tickets.
http://www.bitlotto.com/affiliate.html

Could that URL be aliased?  e.g.,  so that /affiliate  instead of the full /affiliate.php is necessary?
Sure, I'll try to do it later when I'm not on the road. Thanks.

*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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March 29, 2012, 02:46:30 AM
 #191

Over 122 BTC with 1 week left! Remember that you can now send any amount at once to the draw address as long as it's a multiple of 0.25. No need to keep buying single tickets.

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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March 29, 2012, 02:39:38 PM
 #192

Over 122 BTC with 1 week left! Remember that you can now send any amount at once to the draw address as long as it's a multiple of 0.25. No need to keep buying single tickets.

GOOD LUCK!
I just bought 100 tickets.  I would like bitlotto to please send me a file containing all 100 official hashes.  Also is there a web site or script I can run that will take my initial hash as input and give me a list of all of my ticket/hashes so I can verify the values myself and compare them to the "official" entries?  Adding an input box to the bitlotto web site for a hash and a number of tickets would be pretty cool.

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March 29, 2012, 06:10:48 PM
 #193

I just bought 100 tickets.

And that ticket purchase (worth 25 BTC) puts this month's BitLotto into the record book with over 600 tickets for the month (as far as the most number of tickets sold for a single monthly lotto) as well as giving this draw the record high in terms of BTCs (now over 150 BTC).

There still is one more record to break -- the highest value monthly draw, when converted to USDs.  The current recordholding draw using that criteria occurred back when the exchange rate was higher.

The record draw in terms of value in USDs might be the June 1, 2011 draw  when tickets were 1 BTC each.  On the day of that draw that jackpot of 134.6 BTC was valued at a BTC/USD north of $8 but when that payout occurred a few days later the BTC/USD was north of $15 (yes, it was that crazy last June).  For that reason, there could be the argument that the record draw was instead the July 6, 2011 draw when the jackpot of 87.86 BTC was valued at a BTC/USD of around $15, putting it just a little higher (in terms of USDs) than June's jackpot was.

Perhaps the ability to purchase multiple tickets with one payment will some day boost BitLotto's monthly jackpot above the previous "valued in USDs" record, but that probably won't occur this month.

Maybe some of those who don't win the MegaMillions jackpot (now at a record $540 million -- exceeding the previous record of $390 million which has stood since 2007) will learn of BitLotto and its blockchain-verified 99% payout and will next time give BitLotto a try instead.

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March 29, 2012, 07:24:26 PM
 #194

Over 122 BTC with 1 week left! Remember that you can now send any amount at once to the draw address as long as it's a multiple of 0.25. No need to keep buying single tickets.

GOOD LUCK!

As that's now implemented & to save you the hassle of returning odd < 0.25 BTC amounts to anyone who can't do maths, why not make the rules that all money sent gets put into the jackpot regardless & if anyone sends over what is divisible by 0.25 then that is treated as  a tip to the jackpot, it will be less than 0.25 BTC so no big deal - maybe peeps want to send their lucky 5.55 (22 bets + 0.05 coins tip) or 7.77 BTC (31 bets + 0.02 coins tip), before it mattered (like when I was totally maths/wallet spastic or whatever  Embarrassed) but now it's a trifling amount & you shouldn't need to be working out & sending back < 0.25 coins imo  

another advantage with this is that the total shown to have been sent in is always correct for = jackpot

or the extra could be tips for you or a good cause, jp would be a fraction less but negligible difference

edit: bet you get a bunch of 6.66 BTC tx with 26 bets & a generous 0.16 coins sacrificed to the tip jar  Wink


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March 30, 2012, 02:01:29 AM
 #195

I just bought 100 tickets.  I would like bitlotto to please send me a file containing all 100 official hashes.  Also is there a web site or script I can run that will take my initial hash as input and give me a list of all of my ticket/hashes so I can verify the values myself and compare them to the "official" entries?  Adding an input box to the bitlotto web site for a hash and a number of tickets would be pretty cool.
I'll look into adding something on the website! In the mean time:
Code:
#!/bin/bash
hash=be12265113cf6012dfecda1cf7d23de321b852135c37d139f0123279c2e68665
for (( c=1; c<=99; c++ ))
do
echo -n $hash$c | sha256sum
done

Code:
be12265113cf6012dfecda1cf7d23de321b852135c37d139f0123279c2e68665 -
d510cb891cb4ba4fda40579e97253e87485a0138a794d79b1aab942d9d3dbcc9  -
9b95f898845e4dfd680b76138009d60afd75657c4efb61a140eaa24c6fd31ace  -
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2a4219c56399d288a09bb1b8bf537814ff165e28a4a0dfe88f4d4b32df1fc3c3  -
cd8de19959555bb9fba64894d42a9323f692925b083d57f97a5572e43d5440f9  -
5204b1b452070fcdc4d0a08fab2a9e22131c90d06839d8419de71eb41cdf5950  -
684b96b810fbe2081e45f370a24b64d7db031c05d712bdb94769b27d0b57c9b2  -
f485e41e1ec10563fc101c2673855f302b13cc9545c6ef42f03fea892d977ca4  -
4168a80b9a89dbe4ee0e1992468c3f087d8f414469f89235aff60fa38f9180e6  -
4d67e09fff45292494910375afba070082305e99da287a312567f0262542ee9c  -
5f93f7035760ffc6018e0cf62b200e714e946cdfb286a4a80222fce391bfe8c0  -
8d24f20e312f1732cfd5f1fc33a9f163b826a6b032b92b1bd4ee9cf3b77854f7  -

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
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March 30, 2012, 02:09:58 AM
 #196

And that ticket purchase (worth 25 BTC) puts this month's BitLotto into the record book with over 600 tickets for the month (as far as the most number of tickets sold for a single monthly lotto) as well as giving this draw the record high in terms of BTCs (now over 150 BTC).
....
Perhaps the ability to purchase multiple tickets with one payment will some day boost BitLotto's monthly jackpot above the previous "valued in USDs" record, but that probably won't occur this month.
Ya, this month kind of caught me off guard. I'm hoping the easier payments do make it more popular. I imagine some people with lot's of BTC may not have entered only for the reason it was too much hassle to buy tickets.

I used to keep track of USD values but with the price changes I kind of just left it at BTC values. I think I remember one being worth about $1200 USD at the time or something similar.

*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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March 30, 2012, 02:19:05 AM
 #197

As that's now implemented & to save you the hassle of returning odd < 0.25 BTC amounts to anyone who can't do maths, why not make the rules that all money sent gets put into the jackpot regardless & if anyone sends over what is divisible by 0.25 then that is treated as  a tip to the jackpot, it will be less than 0.25 BTC so no big deal - maybe peeps want to send their lucky 5.55 (22 bets + 0.05 coins tip) or 7.77 BTC (31 bets + 0.02 coins tip), before it mattered (like when I was totally maths/wallet spastic or whatever  Embarrassed) but now it's a trifling amount & you shouldn't need to be working out & sending back < 0.25 coins imo  

another advantage with this is that the total shown to have been sent in is always correct for = jackpot

or the extra could be tips for you or a good cause, jp would be a fraction less but negligible difference

edit: bet you get a bunch of 6.66 BTC tx with 26 bets & a generous 0.16 coins sacrificed to the tip jar  Wink
That is actually not a bad idea! It is kind of a pain returning little bits of BTC. Before each ticket had to be bought one at a time and some still would pay 2 BTC for example. That would have been 1.75 not valid. Now that it has changed the most it will be is 0.2499999. Hmmm. Ya, you are probably right, it should just go to the pot.

What do people here think? Is it fair to implement that rule now? No one has yet made a payment NOT divisible by 0.25. Or is it better to mention something at the next draw address announcement and do it then?

*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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March 30, 2012, 02:27:09 AM
 #198

Another interesting draw could be next month! Earlier in the thread Otoh mentions that he may spend 100 BTC in tickets. That would be 400 tickets at the beginning of the month! Who knows what kind of growth will occur after that.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
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March 30, 2012, 12:06:47 PM
 #199

I vote announce & start that any amount may be sent & what's not divisible by 0.25 coins (the last left over bit) goes in to the JP tip jar starting with next week's May lotto (to keep things simple this time, as we've already had the one major change this month to accept multiple 0.25 bets in one tx) & I confirm that I shall be seeding it with 100 coins on day 1 or sooner if bitlotto sends me the address beforehand which he said that he's going to do

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March 30, 2012, 12:56:29 PM
 #200

I vote announce & start that any amount may be sent & what's not divisible by 0.25 coins (the last left over bit) goes in to the JP tip jar starting with next week's May lotto (to keep things simple this time, as we've already had the one major change this month to accept multiple 0.25 bets in one tx) & I confirm that I shall be seeding it with 100 coins on day 1 or sooner if bitlotto sends me the address before which he said that he's going to do
Second.  The 1% rake is fantastic.  This will keep the rake the same but give bitlotto a bit more - either on purpose or by accident.

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