The London Bitcoin Bank is converting its LBTC Grid server into a lotto mine server, allowing litecoin miners with GPU's and ASIC's to not only earn from mining but also to have the chance to win litecoins.
The Lotto Server allows anyone able to mine litecoins to be able to have an equal chance at winning Gold which equals 10% of the built up pool over the month, Silver which equals 5% of the pool total, and Bronze which gets 1% of the pool total built up over the month.
LBTC Grid runs with P2Pool so benefits the network and payouts include transaction fees for a boost in income. LBTC Grid which is becoming a lotto mine, allows anyone with a compatible GPU or Scrypt based ASIC to have a chance to build up the pool amount and ultimately make a bigger win.
3 chances to win. The winners will be selected at a random date and time. With first random date and time winner getting Gold, Silver second, and Bronze third. The winner will be a random miner mining during one of the 3 random dates and times during September.
The competition starts on 1st September 2014 with a restart of the server, showing commencement for September. Winners will be selected on Wednesday 1st October 2014 with payouts happening same day.
The London Bitcoin Bank has put a minimum prize fund as follows for September:
Gold: 1 ltc
Silver: 0.5 ltc
Bronze: 0.1 ltc
The amount mined for during September does not matter or speeds, but more mined will result in a bigger payout pool.
Only a maximum of 250 miners can participate at any one time, so miners should lock in their places now.
The payouts will be based on the pool which can be found at this ltc address and will be determined by results from Septembers mining:
LcxH3NN6d16NGTzevyrA7XSjJJqk7hKo1s
http://explorer.litecoin.net/address/LcxH3NN6d16NGTzevyrA7XSjJJqk7hKo1sTotal minimum prize fund can be found here (1.6 ltc):
LVdoPBeB1hECHE48NSEbBf423UWoLoEcuL
http://explorer.litecoin.net/address/LVdoPBeB1hECHE48NSEbBf423UWoLoEcuLLBTC Grid/Lotto Mine Server with stats can be accessed here:
http://lbtcgrid.com:9327/static/To connect:
Host: lbtcgrid.com
Port: 9327
Username: Use your litecoin address
The London Bitcoin Bank - FaceBook Page
https://www.facebook.com/TheLondonBitcoinBankLotto Mine - FaceBook Group - to chat
https://www.facebook.com/groups/LottoMine/Lotto Mine - FaceBook Page - dedicated to LBTC Lotto Mine server
https://www.facebook.com/LottoMine=== ABOUT ===
The London Bitcoin Bank started in June 2013, and since then has managed to help over 500 people learn about bitcoin technologies as well as support the bitcoin network in diversity of participation around the world. The base principle of LBTC being of working together. 2 people Boris Zagar, and Benedict Sanidad achieved Financial Unplugging TM status and don't use their equipment anymore and continue to get payments each month. In light of current difficulty and obsoleteness of GPU's, the company aims that LBTC Grid converting into a Lotto Mine server will help keep the project continuing till the base aims of True Financial Unplugging TM is feasible again, this time with ASIC & GPU users.
=== Disclosure ===
LBTC Contractors are free to participate and win. Kozan Huseyin, Try A Million, The London Bitcoin Bank can not win in Lotto Mine competitions everyone on the wider internet can participate as long as they can mine.
LBTC Address Disclosure:
LcxH3NN6d16NGTzevyrA7XSjJJqk7hKo1s
(Pool)
LTY38LLKdyphWuGBuFMY1kpRGFK92ikeBa
(Used by the company for testing purposes)
For press questions or interviews contact MR Kozan Huseyin - Chief Corner Stone in the London Bitcoin Bank project by PM'ing through the forums or asking in the Lotto Mine Facebook Group.
