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

[farfiman]

Will you publish how many tickets are sold anytime  so we can see the odds?

Hi farfiman,  I will need to speak with Amazingrando before we publish the number of tickets sold. I will however release some stats now for the sake of entertainment.

There have been 33 totals orders on bit-pay and the only product not sold thus far is the 30 tickets for a 15% discount.

Thanks for the info. Just comparing the odds to bitlotto  at this time -   although wining 7M mining shares is much cooler

[1713241173]

1713241173

[bitmonster1070]

I have been doing real good staying away from the Casino this year and investing all my spare cash into mining equipment as I used to have a small gambling problem.  Now I frequent these forums more and more and low and behold, I find this post.   Well,  I have will power and one main rule when it comes to gambling.   GO BIG OR GO HOME!     Needless to say I will be purchasing tickets before your deadine and thank you for the offer.   

[amazingrando]

I have been doing real good staying away from the Casino this year and investing all my spare cash into mining equipment as I used to have a small gambling problem.  Now I frequent these forums more and more and low and behold, I find this post.   Well,  I have will power and one main rule when it comes to gambling.   GO BIG OR GO HOME!     Needless to say I will be purchasing tickets before your deadine and thank you for the offer.   

Hopefully we're not resuscitating anyone's gambling problems, but our thinking with this raffle was just that - GO BIG!  The bigger the reward the bigger the risk for Gigavps and me, but that's also what makes it more exciting!

I'm especially excited for the winner, whoever that ends up being.  What do you do with 230 btc?  Hold on to it until btc prices hit $30 again?  Do you invest it on GLBSE?  Do you buy yourself a new flat screen TV and an xbox? 

[jamesg]

What do you do with 230 btc?

I would most certainly take the btc and have it start working for me on GLBSE.

[TTBit]

I'm in for 90 tickets for 36 BTC.

If anyone wants the pro-rated amount of BTC mined from the 7M+ shares if we win, send any amount to: 1RaFfLeY1bqDhR1ZPpsTxXa64Q4MPxXki. Must send from personal wallet. Anything over 36 coins total will be refunded to the sending address. Example: 0.360 coins gets you 1% of mined coins. Otherwise, I'll take all proceeds from 90 tickets.

PM me for the email I used when buying tickets to verify hash if you wish.

Offer good until 1 hour before draft.

[jamesg]

4 days 23.5 hours remaining! What are you going to do with 50Gh for 1 week?

[grue]

>mutual agreement between forum members not to buy tickets
>only a few tickets are bought (preferably below 446)
>each ticket's expected value is greater than the purchase price
>
>profit!

[ThiagoCMC]

Just bought 1 ticket!! Hope I win!! LOL

[jamesg]

Just bought 1 ticket!! Hope I win!! LOL

Thanks ThiagoCMC!

[copumpkin]

>mutual agreement between forum members not to buy tickets
>only a few tickets are bought (preferably below 446)
>each ticket's expected value is greater than the purchase price
>
>profit!

Prisoner's dilemma?

[rjk]

Welp, my intestinal fortitude is insufficient to set up a running ecoinpool, even after an entire weekend blown on trying to make it work. I just realized (again) how much I loathe tracking down and compiling dependencies for linux programs, and then attempting to learn how to use a complex script-based language/config syntax for debugging. Ah well, if it were easy everyone would do it and that wouldn't be too good either.

[jamesg]

Welp, my intestinal fortitude is insufficient to set up a running ecoinpool, even after an entire weekend blown on trying to make it work. I just realized (again) how much I loathe tracking down and compiling dependencies for linux programs, and then attempting to learn how to use a complex script-based language/config syntax for debugging. Ah well, if it were easy everyone would do it and that wouldn't be too good either.

If compiling linux libraries isn't your thing, maybe poolserverj would be a bit easier to setup.

http://poolserverj.org/

[rjk]

Welp, my intestinal fortitude is insufficient to set up a running ecoinpool, even after an entire weekend blown on trying to make it work. I just realized (again) how much I loathe tracking down and compiling dependencies for linux programs, and then attempting to learn how to use a complex script-based language/config syntax for debugging. Ah well, if it were easy everyone would do it and that wouldn't be too good either.

If compiling linux libraries isn't your thing, maybe poolserverj would be a bit easier to setup.

http://poolserverj.org/

Last I heard, it was abandoned, or at least unmaintained. Also, eeew java.
Nvm, it was just a bit of an exercise to see how easy it would be or whether I could do it, not anything that I needed for a project.

[jamesg]

4 days 9 hours left.

What do you think is the best pool to point 50Gh at for a week?

[jamesg]

Question:
How would this work with p2pool?

Hi VoluntaryMan,

We could point the hashing power to a p2pool node but our miners are not optimized with the proper settings for p2pool. I was also going to use my BFL singles rig to run the contract and they do not work well with p2pool.

My recommendation would be to run the contract on a large pool (deepbit or slush) if you are feeling lucky or abcpool.co if you want to get close to the PPS payout.

GPUMAX is not selling many shares lately so these are the best strategies IMHO.

Best,
gigavps

[eroxors]

Question:
How would this work with p2pool?

Hi VoluntaryMan,

We could point the hashing power to a p2pool node but our miners are not optimized with the proper settings for p2pool. I was also going to use my BFL singles rig to run the contract and they do not work well with p2pool.

My recommendation would be to run the contract on a large pool (deepbit or slush) if you are feeling lucky or abcpool.co if you want to get close to the PPS payout.

GPUMAX is not selling many shares lately so these are the best strategies IMHO.

Best,
gigavps

Would this also not work well on p2pmining.com ?

[Matthew N. Wright]

You participated in mine so I'm participating in yours. 

[jamesg]

Would this also not work well on p2pmining.com ?

It should if their server can handle the load. Last time I checked, they were at 10Gh. So we would take them to 6x their normal volume.

[jamesg]

You participated in mine so I'm participating in yours. 

There is more coming.... 

[tgmarks]

This is sweet, I'm getting in on this.