knightmb


July 23, 2010, 11:51:52 PM 

Lottos are fun, especially if it doesn't cost much to play. I'm going to duplicate my states pick three lotto. It's easy and straight forward, plus I'll use the results from the actual state lotto for fairness. I'm not going to take a percentage of any winnings, so winner takes all (including all mine if you win). Rules: Cost to Enter: 1 BTC
 What do you pick? Any number between 000 and 999; 000 counts as a number, so does 009, 099, etc
 You can enter as many times as you like for 1 BTC each, so you can pick multiple numbers
 The maximum (but not minimum) jackpot will always be 500 BTC, the reason for this; it prevents someone from just buying all the numbers for a guaranteed win. So you make it not feasible to try and game the system.
 Any extra BTC left over after a winner is put into the next jackpot. So if 600 BTC sits in the "bank" (server in this case) and someone wins pick 3, they get 500 BTC and the remaining 100 BTC starts the next pick 3 winner jackpot
 If no one wins, the jackpot will be used to start another new pick 3 and another date (probably just a few days into the future) will be used to pick the next winning number.
 There can be multiple winners, so then the winnings are split up (this also further helps to prevent someone from buying every possible number for a guaranteed win)
 Your 1 BTC and pick number are sent directly to a static IP address: 64.186.155.104  This is a server generating BTC every day 24/7/365. Anything it generates on it's own (50 BTC) will also be added to the jackpot for the winner.
 Please include either your BTC address or IP Address (if you have a static) along with the number you picked, otherwise I won't know where to send the winner the BTC
 Winning numbers (evening drawing) will be taken from my states official website here so you can check for yourself: http://www.tnlottery.com/
If you can pick up the local broadcast stations here, you can see the drawing live on TV as well.
 No last minute submissions. Our timezone here is (6:00 CST). No more submissions will be accepted *after* noon (12:00PM 6:00 CST) on the day of the drawing. If you send a coin to the server after that time, I'll return it. If you send a coin with no return address or way to know *who* sent it, it just goes into the winning pot for the next drawing.
Questions are welcome, I'll be glad to answer them here. Winner will be whoever got the lucky pick 3 match with the evening state drawing. Good luck to you all !! I'll make another after post up a list of all the numbers that were *picked* by those that entered for further verification (just the numbers, not who for privacy reasons) All participates from the previous two lottos, you are being moved to this one, so you have a chance to win for free. If you want to purchase additional tickets or new to this one, you still submit a single 1BTC for extra entry to get ticket in.








"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle."  Satoshi



Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.


Quantumplation


July 24, 2010, 12:58:40 AM 

Since I chose the same numbers for first and second lotterys, can I rechoose 5 different numbers? >_>




knightmb


July 24, 2010, 02:03:23 AM 

Since I chose the same numbers for first and second lotterys, can I rechoose 5 different numbers? >_>
Yeah, your right, I didn't notice that. Well for simplicity reasons, let me know which one to swap in. I'll do the same for anyone else that chose the same number both times. You can't exactly split the winnings with yourself if the number drawn was the same that you chose in both lottos. So in the spirit of Bit Coin, fair enough for everyone that participates.





knightmb


July 24, 2010, 04:56:05 PM 

Updated with all *swap* request so far. This should certainly put the odds of a winner more into everyone's favor come next week.




knightmb


July 26, 2010, 10:35:24 PM 

Since things are really picking up with my other projects, I won't have time to run another lotto, so here's the fun part.
If no one wins the jackpot tomorrow, then *everyone* wins. I'll take the jackpot and split it up among every single ticket that was bought. Currently that means everyone that spent 1 BTC for a ticket, will end up getting about 2.7(give or take haven't done the exact math yet) BTC back as a winner per ticket.
So if you bought 1 ticket or 20 tickets, you'll get back a portion the full jackpot for each ticket. So one person wins big or everyone wins small tomorrow!
The best of luck to you all!




knightmb


July 27, 2010, 01:36:47 AM 

Wouldn't that be a good reason to dump a lot of coins in real quick?
Well if you dump in alot, that's more division, right now I think there are 87 tickets. Each person would get back 2.7 BTC, but if you dump in say another 100 tickets, that would be barely 1.2BTC each, so one could spend 100BTC and make 120 BTC if no one wins. There's the risk that if you dump in a lot, someone will win the whole jackpot and you'll lose everything you put in. So if someone wants to risk it, that's up to them.




knightmb


July 27, 2010, 02:26:36 PM 

I've updated the jackpot and picked numbers. Just 3 more hours until ticket entry closes. I have a good feeling someone is *bound* to win this now!! On a side note, someone recently bought a lot tickets and didn't leave an address of where to send all the winnings (should they win), so if you are that person message me.




knightmb


July 27, 2010, 05:20:43 PM 

The noon deadline has passed, I'm certain we will have a winner today! (You or everyone, hehe)




knightmb


July 28, 2010, 12:03:48 AM 

Winning Number was 217 and well, someone missed it by one number, but that's ok, because it just means everyone won! There were 189 tickets, so the jackpot was 339 BTC divided by all 189 tickets giving each ticket 1.79365079 BTC or for rounding purposes, it will be 1.79 BTC and the remainder after everyone gets their share will be given back to the Bit Faucet site.
I'll start sending back Coin right now, so everyone should expect it to arrive shortly. I'm doing the entries as they came in, so don't be surprised if you get several payments for all the times you entered.




knightmb


July 28, 2010, 01:01:10 AM 

All possible coin should have been sent.
On a note, NoAgendaMarket, I sent yours to the address you had in your signature since there wasn't any address in your ticket entry.
If anyone thinks I missed sending you the split of the winnings, just let me know.





