[CLOSED] 50Gh 1 week mining contract worth ~230 BTC

[arij]

I think you should start that raffle now because I would be quite interested in that but I cannot speak for everyone else.

[amazingrando]

Yes indeed I can confirm receipt of the BTC

Thanks Gigavps and Amazingrando!!

Congratulations cncguru!  Go do something fun with all those coins! 

[filharvey]

All I can say is damn :-( I did not win, but well done on a well run raffle. Congrats to the winner.

[jamesg]

I think you should start that raffle now because I would be quite interested in that but I cannot speak for everyone else.

Ask and you shall receive....

https://bitcointalk.org/index.php?topic=78304.0

[Justin00]

just for educational purposes, how would I work out what ticket I had ?

[JusticeForYou]

just for educational purposes, how would I work out what ticket I had ?

sha256(TheEmaiThatYouUsed)

get the result

find it on the list

look at the ticket number

If you pm me, the email you used, I'll find it for you.

[Justin00]

cool thanks for that

Used an online generator site and got it. thanks again

[check_status]

sha256sum provides different results.

Code:

$ echo "emailaddress@domain.com" | sha256sum
9d886f71d7ee1dc93e058fafd21f25715eff3b779b68070053c728551621d37b  -

www.online-convert.com sha256 hash of emailaddress@domain.com returns
c78f0c7d38ff568dce69dd355e7759a1e962b5c83ff85884ce02f650c2d0d646

Why the discrepancy.

[bitlotto]

sha256sum provides different results.

Code:

$ echo "emailaddress@domain.com" | sha256sum
9d886f71d7ee1dc93e058fafd21f25715eff3b779b68070053c728551621d37b  -

www.online-convert.com sha256 hash of emailaddress@domain.com returns
c78f0c7d38ff568dce69dd355e7759a1e962b5c83ff85884ce02f650c2d0d646

Why the discrepancy.

you need "-n" for no newline

[farfiman]

OK, wow that was fun!!!

Now how about a raffle for a mini rig box???

(BFL has to deliver one first I guess,LOL)


 

cncguru has verified that he is owner of the email address that purchased the winning ticket.

Amazingrando and I offered him two options:

1. Mining with the hashing power for a week at the pool of his choice.
2. Take a payout right now of 110% PPS to current difficulty.

cncguru chose option #2.

http://blockchain.info/tx-index/4499138/9c755b8bf077dcf514e5cd338686c6db55f21f346d060c1103bbf3a54b65e4c8

http://blockchain.info/tx-index/4499171/a0b9120b4dd3899093b22c6a2b625c5846ad2b252092065ca9e4f60ac243b07a

Thanks again to everyone for playing!

Kind of dissapointing that he took the coins...    I know its easier for you guys but its no different than bitlotto ... the whole point was getting the hashing power ....

[bitlotto]

Kind of dissapointing that he took the coins...    I know its easier for you guys but its no different than bitlotto ... the whole point was getting the hashing power ....

I kind of agree. It was neat that it was different than just BTC but kind of sad it changed right at the end. BitLotto is different though. I don't offer an prize and sell way more tickets than the prize is worth. I just always pay 99% of whatever people put in. Offering an amount at the beginning to raffle off would IMHO be a rip off. The suckers at the beginning would play but everyone else would wait till the end to see if the number of tickets sales is higher or lower than the prize amount. If it's lower it's a good deal and the operator ends up losing BTC. If it's higher than the money is better spent at BitLotto for the odds are better compared to the prize. Who knows how many people would really pay attention though.

[jamesg]

Kind of dissapointing that he took the coins...    I know its easier for you guys but its no different than bitlotto ... the whole point was getting the hashing power ....

I kind of agree. It was neat that it was different than just BTC but kind of sad it changed right at the end. BitLotto is different though. I don't offer an prize and sell way more tickets than the prize is worth. I just always pay 99% of whatever people put in. Offering an amount at the beginning to raffle off would IMHO be a rip off. The suckers at the beginning would play but everyone else would wait till the end to see if the number of tickets sales is higher or lower than the prize amount. If it's lower it's a good deal and the operator ends up losing BTC. If it's higher than the money is better spent at BitLotto for the odds are better compared to the prize. Who knows how many people would really pay attention though.

I am sorry you guys feel this way.

Amazingrando and I put up large sums of our mining income with no idea what was going to happen. We also over delivered on option #2 by paying 110% PPS which cncguru was super excited about. It was his choice to make.

Finally, the results of the raffle, IMHO, went off without hassle and we had third party validation of the results.

I could not have asked for a better result and am very pleased with how things turned out.

[farfiman]

I am sorry you guys feel this way.

Amazingrando and I put up large sums of our mining income with no idea what was going to happen. We also over delivered on option #2 by paying 110% PPS which cncguru was super excited about. It was his choice to make.

True , but why give him the option? It wasn't in the original post. Anybody could start a raffle with 200 btc as a prize.
Yours was special BECAUSE it was Mining power as a prize.  Will It be possible to trade the the next 1st prize ( BFL thingy) for its
worth in coins? Oh well, maybe I'm just trolling but its the way I feel....  Still congrats to the winner 

[Otoh]

I think we should also give a prize for the highest hash.
Just as impressive (or likely) as the lowest one:
fffbfd600aa2d0e0eb2ee5439a91865cceb96b3505a235c57d24a3b945ff9b4f
Ticket holder 402 a preliminary congrats (no prize though)!  

'tis a good point. I'll kick giga a BTC to pay the highest hash.

Well this is an excellent idea, it is no easy thing to get the furthest possible hash from the winning one, though it doesn't in the least surprise me that it was one of my tickets (from 369 to 413) that scooped the booby prize, thanks to the OPs for a fun game & whilst not the best in town I still enjoyed it.

Congrats to cncguru, Bravo!  

Edit: & re offering a BTC cash alternative prize option after the draw, I don't have any problem with this - if it's what the winner wishes to choose then that's an extra benefit to him & if someone else had won it & choose to go with the mining contract then the OPs would honer that & help set it up for them if needed so np, same for any future BTC cash equivalents - they're a bonus that's all

[rjk]

So since you still have all the mining power available to you, how much will it cost me to have a stress test against my instance of ecoinpool that I set up? I only want an hour or 2 of lots of speed to see how well it works.

[amazingrando]

So since you still have all the mining power available to you, how much will it cost me to have a stress test against my instance of ecoinpool that I set up? I only want an hour or 2 of lots of speed to see how well it works.

I'm working on a central config that would allow me to do this pretty easily (giga probably has a better setup in this respect)  But given the number of rigs I'd have to change over in my present setup it would be a lot of work if you needed a lot of hash power.  How many gh/s are you thinking?

[rjk]

So since you still have all the mining power available to you, how much will it cost me to have a stress test against my instance of ecoinpool that I set up? I only want an hour or 2 of lots of speed to see how well it works.

I'm working on a central config that would allow me to do this pretty easily (giga probably has a better setup in this respect)  But given the number of rigs I'd have to change over in my present setup it would be a lot of work if you needed a lot of hash power.  How many gh/s are you thinking?

I dunno, I just wanted to turn it up until either my virtual machine crashed or my internet connection went down. I wish p2k was back with some updates though.

[Otoh]

"what would you do with your winnings"

another bonus for the winner in taking an instant BTC cash prize option instead of mining for a week is that it gave him the potential to sell those 300 odd coins (haven't checked prob 220 - 250 but same principle) @ > $5.10 then short 10:1 on Btca with the $ equivalent of 3,000 coins margin, buying back in today < $4.9 for a clear $600 profit on the short, so now holding $2,130 or 435 coins, one third more in just 1 day after the spreads say, so that even BTC bears may want to play

[jjjrmy]

I kind of agree. It was neat that it was different than just BTC but kind of sad it changed right at the end. BitLotto is different though. I don't offer an prize and sell way more tickets than the prize is worth. I just always pay 99% of whatever people put in. Offering an amount at the beginning to raffle off would IMHO be a rip off. The suckers at the beginning would play but everyone else would wait till the end to see if the number of tickets sales is higher or lower than the prize amount. If it's lower it's a good deal and the operator ends up losing BTC. If it's higher than the money is better spent at BitLotto for the odds are better compared to the prize. Who knows how many people would really pay attention though.

lotto != raffle
You're comparing two completely different things.

[jamesg]

In case anyone was wondering, 50 BTC of the proceeds from this raffle went to ckolivas for his work in reengineering the networking portion of cgminer to make it work better with gpumax.

Thanks ckolivas!