vbcs
Full Member
 Offline
Activity: 137
Merit: 100
AT - Automated Transactions - CIYAM Developer
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January 28, 2015, 06:32:15 AM |
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i just bought a lottery ticket. hope that i be the lucky one.  äh i´m a little confused. do i enter in the amount field for the lottery 1 for 1 ticket oder 2015 for 1 ticket? I just tried with 1 and i send 1 burst. i think thats wrong?! Can some explain and can someone clear this point in the manuel for the lottery? The amounts are in NQT so to send 2015 bursts =201500000000 NQT |
1ELCU3hahFLMPPqsoHS2Mg2Rqjya6VXjAW
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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bobafett
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January 28, 2015, 06:47:29 AM |
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ah ok,
perhaps you sould only ask how much tickets someone wants to buy and dont show the amount in nqt, just the final amount of burst that will be transfered depending of the count of the tickets.
this would be self explaining for the users.
finally i bougt one :-)
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brizio71
Sr. Member
Offline
Activity: 456
Merit: 250
Blockchain Just Entered The Real World
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January 28, 2015, 06:53:54 AM |
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I have a transaction that made 9 hours ago that still not confirmed, I'm on 1.2.1 wallet, what I can do ?
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bensam123
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January 28, 2015, 07:04:41 AM |
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Curious, is the lottery 100% payout? Something like that could actually be used to drive up the price of burst, say if it destroyed 10% of the pot each time... That's just one idea, but there are a lot of ways you could use that to increase the value of Burst inherently from inside the coin.
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vbcs
Full Member
Offline
Activity: 137
Merit: 100
AT - Automated Transactions - CIYAM Developer
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January 28, 2015, 08:00:54 AM |
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Curious, is the lottery 100% payout? Something like that could actually be used to drive up the price of burst, say if it destroyed 10% of the pot each time... That's just one idea, but there are a lot of ways you could use that to increase the value of Burst inherently from inside the coin.
The ticket size is 2015 burst. The processing fees the Lottery needs to run, every time, averages at 15 bursts approx. These fees goes to the miners. So the actual ticket size is 2000 that is taken into account when AT Lottery makes the payment. If you want to burn a portion it is possible to create an AT that foes nothing, and every amount sent to it is useless. Also cant you just burn burst by sending them to the genesis account? Why to use the Lottery case for that? |
1ELCU3hahFLMPPqsoHS2Mg2Rqjya6VXjAW
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bensam123
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January 28, 2015, 09:09:12 AM |
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The idea isn't to just dispose of burst, but remove part of it from circulation as it will increase the value of the remaining burst. A 'state run' lottery so to speak is a good way to do this. While returning the burst to the market through the actual lottery winner and through miner fees are good, you have to think about people actually utilizing the burst to purchase things, rather then just trade. Since people really aren't using burst to purchase anything other then other currencies, then something in the economy itself has to serve as the 'purchase' and production value to eat some of the currency.
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mmmaybe
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January 28, 2015, 09:28:08 AM |
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The media attention continues. Our press release got published, slightly modified, in a mainstream UK paper today, The UK News: http://www.theuknews.com/index.php/nav/newsr/5228A new mainstream media article with an interview is coming in a day or two, btw. |
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mmmaybe
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January 28, 2015, 09:37:33 AM |
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We've got these questions (slightly edited by my) from Ronald in Taiwan, can you help him get the answers, please: Hi, good job with the SC and AT. I wish I am the lucky winner, since I also bought one ticket. It would be nice if it will be integrated into the wallet directly later, so that we can switch forth and back easier. I would also like more explanation of what I am looking at. The instructions misses the explanation between 2. and 3. ;-) - Who is the Current Winner? - Why is there a Current Best Ticket? - Total Amount in the pot to win? - Where is the Lottery income % or amount? - Next Draw: after block 62281 - What block are we now? Can we get a - time estimate when that will be happening? - Account id ... Monitor  I put in my Account (with which I purchased the ticket) - How can I copy that to my own lottery? - I also asked at a lots of places how I can become a node. I am already running a node for NXT. I have currently a 100/40 MBs line to my home. In the next weeks I should be upgrade to 300/300 MBs. So, bandwidth is not an issue. Or will be a node just put as static address/IP into the wallet's config file?[ Bye, Ronald /quote] |
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muhrohmat
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January 28, 2015, 09:47:11 AM |
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im glad the fork just got fixed the lottery amasingly its not my major interest do keep news on other technical support for us guys to be able to mine this coin its good profit a year
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CIYAM
Legendary
Offline
Activity: 1890
Merit: 1075
Ian Knowles - CIYAM Lead Developer
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January 28, 2015, 09:55:53 AM
Last edit: January 28, 2015, 11:31:23 AM by CIYAM |
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Although vbcs will have more definitive answers for the questions about the lottery the basic things to note are this:
- the current winner is the holder of the current best ticket (the final winner will be the best ticket when the lottery is due to payout)
- the tickets themselves are random values (that appear only after a certain number of blocks) and the current best ticket is the highest ticket number that has been issued since the last payout
- if you are the holder of the current best ticket then that value will appear highlighted (so you can see you are the current winner)
- total amount to win is basically the balance of the AT at the time of payout (minus a small amount for the fees to process and send the payout)
- the current lottery takes no % or income at all (just miners get some fees for running it)
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smic
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January 28, 2015, 11:15:53 AM |
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8pool updated wallet to 1.2.1 !
Enjoy!
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bmgbmg
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January 28, 2015, 12:55:40 PM |
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Let me know if you still have issues on your Mac. You'll probably have to download and install JDK java development kit 8 for Mac for Burst wallet to run, at least that's what I had to do. Hey everyone I just stumbled on BurstCoin, I am running Mac OS X and I want to get involved in this coin. Questions: 1. How do I get a wallet setup/compiled 2. How do I get the miner setup/compiled I don't have a lot of experience in compiling so a speaking in Newbie terms would be great. Thank you for your time.  |
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Mineotaur
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January 28, 2015, 01:01:43 PM |
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"when funding your account for the first time, you also need to include your public key"
...how?
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BTC: 37r8wbYRMPav3AU8w1D3FQmwtYenVzcbdX
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seasonw
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January 28, 2015, 01:15:14 PM |
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"when funding your account for the first time, you also need to include your public key"
...how?
I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~ |
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Mineotaur
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January 28, 2015, 01:35:49 PM |
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"when funding your account for the first time, you also need to include your public key"
...how?
I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~ Well that's confusing, but thanks. Still waiting for the blockchain to download, but I assume that worked. |
BTC: 37r8wbYRMPav3AU8w1D3FQmwtYenVzcbdX
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Elmit
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January 28, 2015, 03:14:08 PM |
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Which API can reveal the latest Block Finder??
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Mineotaur
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January 28, 2015, 03:34:28 PM |
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Awesome, thankyou. Faucet paid out too, guess I'm up and running  |
BTC: 37r8wbYRMPav3AU8w1D3FQmwtYenVzcbdX
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marcoman22
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January 28, 2015, 03:56:29 PM |
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"when funding your account for the first time, you also need to include your public key"
...how?
I don't think it is needed now, just go to http://burstcoin.eu/faucet to have your startup coin into burst world~~ Well that's confusing, but thanks. Still waiting for the blockchain to download, but I assume that worked. So how long it will take to download the whole blockchain. |
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