💰LottoBtc.org💰 | The Global Anonymous Lottery | 🎉1000000 FREE ENTRIES PROMO🎉

[LottoBTCorg]

Currently accepting entries for draw #0005! (block 533000)

NO REGISTRATION
PROVABLY FAIR
TRANSPARENT

Deposits can be made at 1LottoBtcvq6exuutbJj89ZkVY87a6FFJd
Each satoshi sent gives you one entry
Winners will have the bitcoins sent back to the address that they sent with

Hey everyone! Thought it would be a great time to make a bitcointalk thread about our lottery, Lottobtc.org. This lottery is transparent, verifiably fair, and the blockchain will be keeping a record of this draw and every draw to follow. If you have any questions or requests, leave a comment and we'll see what we can do. There is a draw every 1000 blocks, and entries are just 0.00000001 BTC each!

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Find out more about our 1 MILLION FREE entries promo here!

[LottoBTCorg]

[reserved]

[slaman29]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

[LottoBTCorg]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

[veleten]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

you have just one winner for the amounts of under 0.05 bitcoins



but that would be the majority of your draws,realistically,at least the first ones
I suggest you adjust that to have at least three winners,this way more people might be tempted to play
generally,this idea is so not new,I have seen plenty of lottery projects
yours is simple(its good in this case,no fancy roll overs,wintables etc.) and with only 5% house edge,which is low for any lottery (again-good    )
you do not need a bankroll as it is always paid by the participants
all in all,if marketed properly,this could be a popular game,where people with 10-100k satoshi could have a shot at a large prize
and hope you do not run away with the money if the pot is big enough  

[milewilda]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

you have just one winner for the amounts of under 0.05 bitcoins



but that would be the majority of your draws,realistically,at least the first ones
I suggest you adjust that to have at least threee winners,this way more people might be tempted to play
generally,this idea is so not new,I have seen plenty of lottery projects
yours is simple(its good in this case,no fancy roll overs,wintables etc.) and with only 5% house edge,which is low for any lottery (again-good    )
you do not need a bankroll as it is always paid by the participants
all in all,if marketed properly,this could be a popular game,where people with 10-100k satoshi could have a shot at a large prize
and hope you do not run away with the money if the pot is big enough 

5% is really quite surprising for a lottery based games and i agree on the thing you had suggested that they should make atleast 2-3 winners for the bracket of below 0.05btc which would really be more appealing to possible bettors. 1 satoshi isnt a bad promotion but i do rather believe most people will always deposit on the amount which would be more than on the amounts of current network fees.

[Betwrong]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

you have just one winner for the amounts of under 0.05 bitcoins

~img~

but that would be the majority of your draws,realistically,at least the first ones
I suggest you adjust that to have at least threee winners,this way more people might be tempted to play
generally,this idea is so not new,I have seen plenty of lottery projects
yours is simple(its good in this case,no fancy roll overs,wintables etc.) and with only 5% house edge,which is low for any lottery (again-good    )
you do not need a bankroll as it is always paid by the participants
all in all,if marketed properly,this could be a popular game,where people with 10-100k satoshi could have a shot at a large prize
and hope you do not run away with the money if the pot is big enough 

5% is really quite surprising for a lottery based games and i agree on the thing you had suggested that they should make atleast 2-3 winners for the bracket of below 0.05btc which would really be more appealing to possible bettors. 1 satoshi isnt a bad promotion but i do rather believe most people will always deposit on the amount which would be more than on the amounts of current network fees.

I agree. Since you can't pay less than 225 satoshis for a transaction right now if you don't want it stuck in the mempool for indefinite period of time, it would be pretty stupid to buy only one ticket. So, imo it would be better to make the price of one ticket 1k sats. $0.06 is still not a big deal for the participants, but the prize pool can become bigger that way. Also I agree with the above poster that having at least three winners would be better.

[slaman29]

I agree. Since you can't pay less than 225 satoshis for a transaction right now if you don't want it stuck in the mempool for indefinite period of time, it would be pretty stupid to buy only one ticket. So, imo it would be better to make the price of one ticket 1k sats. $0.06 is still not a big deal for the participants, but the prize pool can become bigger that way. Also I agree with the above poster that having at least three winners would be better.

Yes you can. You can actually still set very close to zero if you use manual fee, but even if it is set to 1 satoshi/byte like on my wallet, this is actually only 120 satoshi or so. Also, there is an exchange wallet I use that only charges 5 satoshi (but minimum 10,000 satoshi), so yes your point is still valid in that nobody would spend 1 satoshi ticket, unless the purpose is to spam the lottery with 1 satoshi transactions that cost 0 fees (actually, this is possible to do now with the free network).

Ticket price 1 satoshi is fine, it is up to the person how much they want to buy.

[LottoBTCorg]

More than half a million entries already? How many individuals are those? Prize pool is 0.0065 so that means the actual prize is only 50k satoshi. I suppose it's not a bad amount for a +EV lottery, or am I missing something out? Where's your profit come from if +EV? I'll send some dust there, only for fun. Never won lotteries before even when I had >50% of tickets.

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

you have just one winner for the amounts of under 0.05 bitcoins



but that would be the majority of your draws,realistically,at least the first ones
I suggest you adjust that to have at least threee winners,this way more people might be tempted to play
generally,this idea is so not new,I have seen plenty of lottery projects
yours is simple(its good in this case,no fancy roll overs,wintables etc.) and with only 5% house edge,which is low for any lottery (again-good    )
you do not need a bankroll as it is always paid by the participants
all in all,if marketed properly,this could be a popular game,where people with 10-100k satoshi could have a shot at a large prize
and hope you do not run away with the money if the pot is big enough 

5% is really quite surprising for a lottery based games and i agree on the thing you had suggested that they should make atleast 2-3 winners for the bracket of below 0.05btc which would really be more appealing to possible bettors. 1 satoshi isnt a bad promotion but i do rather believe most people will always deposit on the amount which would be more than on the amounts of current network fees.

I agree, there was a debate on the payout structure for a while - and ultimately we decided that splitting up such a small pool (sub 0.05) would want less people to join, however this has been amended right before the first draw, and the payouts are set in powers of 10 instead now - so a 10mBTC prize pool will allow two winners. I feel like this is enough, as our first draw has already 70% of this.

Thanks for the input though! The payout structure is definitely something we wanted some feedback on.

[BTCevo]

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

7 different deposits but already got 600k entries? What does it means? Exactly the same person keep on sending it again and again? Btw I just checked your site and you got pretty simply design there and to have 0.0065 btc jackpot in just 2 days is pretty amazing, I do hope there will be more participants and it will give us big jackpot to be drawn. I will send something there too since it is start from 1 satoshi

[veleten]

Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.

The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw

Thanks for inquiring and no problem, even dust gives you a chance.

7 different deposits but already got 600k entries? What does it means? Exactly the same person keep on sending it again and again? Btw I just checked your site and you got pretty simply design there and to have 0.0065 btc jackpot in just 2 days is pretty amazing, I do hope there will be more participants and it will give us big jackpot to be drawn. I will send something there too since it is start from 1 satoshi

it could mean that some players sent under 100k satoshi to the pot
could be OP himself too,why not-its a way to promote if none is playing
there is nothing wrong about it,but I feel like this lottery can be profitable if advertised properly
its cheap to play,its provably fair and has only 5% house edge
the only thing that the way it is played doesn't let the creators to offer promotions like free tickets etc.
and they are limiting themselves with bonuses because 5% is marginally low to add any
other than that,one of the few new lotteries that looks somewhat promising

[LottoBTCorg]

We are considering offering 100 'free tickets' to sign up via email for notifications on future draws.

We would take 100 of our own satoshi with a minimum fee and send it in and attach that address to the email provided, and if won we would contact them by email. Does that sound viable?

Also DRAW 1 has concluded! The winner was entry #345524 of 700000, the full drawing process can be found over at the Reddit thread.

 

[Betwrong]

We are considering offering 100 'free tickets' to sign up via email for notifications on future draws.

We would take 100 of our own satoshi with a minimum fee and send it in and attach that address to the email provided, and if won we would contact them by email. Does that sound viable?

Also DRAW 1 has concluded! The winner was entry #345524 of 700000, the full drawing process can be found over at the Reddit thread.

Congrats with your first draw and congrats to the winner!

Some people might say that 0.005575 BTC is not all that much, but imo it is still a good amount to win in a lottery. (I intentionally have written 0.005575 BTC  instead of 0.006575 BTC which you actually transferred to the winner because, as far as I understand, he/she bought 100,000 tickets worth 1 satoshi each, so I subtracted 0.001 BTC from the win amount.)

Overall it's a good start. Good luck in the future!

[veleten]

We are considering offering 100 'free tickets' to sign up via email for notifications on future draws.

We would take 100 of our own satoshi with a minimum fee and send it in and attach that address to the email provided, and if won we would contact them by email. Does that sound viable?

Also DRAW 1 has concluded! The winner was entry #345524 of 700000, the full drawing process can be found over at the Reddit thread.

Congrats with your first draw and congrats to the winner!

Some people might say that 0.005575 BTC is not all that much, but imo it is still a good amount to win in a lottery. (I intentionally have written 0.005575 BTC  instead of 0.006575 BTC which you actually transferred to the winner because, as far as I understand, he/she bought 100,000 tickets worth 1 satoshi each, so I subtracted 0.001 BTC from the win amount.)

Overall it's a good start. Good luck in the future!

indeed,congratulations on the first draw!
557.5 k satoshi is 34$,not a bad win and it was the first one,next ones should have a bigger pot
as to the OP's idea of a promotion,yes it does sound viable,you can open a separate topic in Games and rounds and advertise there as well
what you can do is offer 100-1000 tickets per every post of a bitcointalk member,whose account is > than a member/senior member (maybe any account even newbies,its up to you)
this way you can advertise your lottery without breaking the bank
and,of course,find alternative ways to promote
an affiliate programme of a kind etc. be creative and good luck!

[Oilacris]

We are considering offering 100 'free tickets' to sign up via email for notifications on future draws.

We would take 100 of our own satoshi with a minimum fee and send it in and attach that address to the email provided, and if won we would contact them by email. Does that sound viable?

Also DRAW 1 has concluded! The winner was entry #345524 of 700000, the full drawing process can be found over at the Reddit thread.

Congrats with your first draw and congrats to the winner!

Some people might say that 0.005575 BTC is not all that much, but imo it is still a good amount to win in a lottery. (I intentionally have written 0.005575 BTC  instead of 0.006575 BTC which you actually transferred to the winner because, as far as I understand, he/she bought 100,000 tickets worth 1 satoshi each, so I subtracted 0.001 BTC from the win amount.)

Overall it's a good start. Good luck in the future!

indeed,congratulations on the first draw!
557.5 k satoshi is 34$,not a bad win and it was the first one,next ones should have a bigger pot
as to the OP's idea of a promotion,yes it does sound viable,you can open a separate topic in Games and rounds and advertise there as well
what you can do is offer 100-1000 tickets per every post of a bitcointalk member,whose account is > than a member/senior member (maybe any account even newbies,its up to you)
this way you can advertise your lottery without breaking the bank
and,of course,find alternative ways to promote
an affiliate programme of a kind etc. be creative and good luck!

Bigger pot would always vary on how many people would join it up but i agree in to your idea that admin should really take focus on marketing his site giving out 100-1000 tickets wont hurt out their pocket and also with that traditional affiliate program.
This would increase exposure even more and will get some players when they do already test it out with those free tickets that they do earned and deposit later on.

[LottoBTCorg]

Thanks guys for the input! We decided on a twitter giveaway funded by our wallets.

Check it out here for more details and feel free to enter!

900 Blocks until Draw #002

[Betwrong]

Thanks guys for the input! We decided on a twitter giveaway funded by our wallets.

Check it out here for more details and feel free to enter!

900 Blocks until Draw #002

This is a good promotion overall, but I think you should specify this

maximum 10K entries/person

in your tweet, because many people have more than 1k followers and your tweet says "How about 10 entries for every follower you have!".

Like I said earlier, it's a good promotion and for a new site you are doing pretty good imo: 2.5k followers on twitter, 10 retweets of your tweet in less than 1 day. Keep it up! Good luck!

[LottoBTCorg]

Thanks guys for the input! We decided on a twitter giveaway funded by our wallets.

Check it out here for more details and feel free to enter!

900 Blocks until Draw #002

This is a good promotion overall, but I think you should specify this

maximum 10K entries/person

Definitely, I really do wish there was an option to edit tweets . The free entries are also given retroactively, and as we are funding it with our own wallet, have already deposited all 1,000,000 entries into the draw. The prizepool for draw #0002 is now at 0.012 BTC and counting! - 750 blocks to go if anyone would like to partake in getting some free entries to try!

So far we have given away over 10,000 of the free entries. 990,000 to go!

[avikz]

While the website looks good, paying 1 satoshi for a game is actually stupidity. First of all, I am not sure whether it is possible to send 1 satoshi to any address or not. Secondly, I will end up paying more than 500% in transaction fees or else the transaction will never get confirmed. The minimum payment should be increased to a real feasible level.

[LottoBTCorg]

You aren't required to send 1 satoshi only, this is just for people that want to send dust, so 0.00012487 is worth more in entries than 0.00012199 or something, so you dont feel like you're getting less than someone else for sending a little bit more. Also this is future-proof, as no matter the price of bitcoin, this lottery will function the same. Currently, the average transaction is buying around 100,000 entries.

You aren't required to send 1 satoshi only, this is just for people that want to send dust, so 0.00012487 is worth more in entries than 0.00012199 or something, so you dont feel like you're getting less than someone else for sending a little bit more. Also this is future-proof, as no matter the price of bitcoin, this lottery will function the same. Currently, the average transaction is buying around 100,000 entries.