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Author Topic: [CLOSED] Win a 50Gh 1 week mining contract worth ~230 BTC  (Read 3349 times)
jamesg
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April 21, 2012, 01:32:52 PM
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Hello newbie bitcoiners,

Welcome to the 50Gh 1 week mining contract raffle!


You read that right. Amazingrando and I have teamed up to raffle off a massive 50Gh one week mining contract to the lucky winner. Each ticket is only .5 BTC each!

Imagine, turning .5 BTC into 223 BTC (or more if you run on GPUMAX), a return of at least 450 times the cost of a single ticket.

So you’re probably wondering, “how can I verify that these guys actually have the hashes to back this up”. We wondered the same thing.... so here are some links to ease your worries.

Gigavps’ farm monitoring page -> http://gigamining.com/mgpumon/
Amazingrando’s the top spot -> https://www.maxbtc.com/top-miners



Rules of the contest:

  • The odds of winning this raffle is 1 / (total # of tickets sold)
  • This raffle will end on Friday, April 27, 2012 at 3pm EST.
  • You may purchase as many tickets as you like.
  • Whether buying a single ticket or bulk tickets, each ticket will have its own ticket number and therefore a unique hash.
  • The only piece of information you need to submit is your email address. This will be hashed so it will not be given out to the public.
  • The raffle will be decided by:
    • We will combine the SHA256 hash of each email address with the hash of your ticket number and the first block hash to be found after the raffle ends. Here is an example:
    • sha(sha(email) + sha(ticketNumber) + hashOfBlockFound)
    • The lowest hash wins!
  • The mining contract will start within 48 hours of second party validation of the results.

Enjoy and good luck!

Here is the original thread for non-noobs -> https://bitcointalk.org/index.php?topic=77442.0
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jamesg
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April 21, 2012, 08:37:29 PM
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5 days 22.5 hours remaining!
Ghodrick
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April 21, 2012, 11:47:07 PM
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Hey, have you bought a ticket for yourself?
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April 21, 2012, 11:49:13 PM
 #4

Hey, have you bought a ticket for yourself?

I have not. Might be a good idea!
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April 22, 2012, 06:14:31 AM
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I can see your mining thing is pretty steady, aha, you must have a brilliant computer engineer to keep it this stable.

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April 22, 2012, 06:55:23 AM
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wow,50ghash,big project
Ghodrick
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April 22, 2012, 11:38:38 AM
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Hey, have you bought a ticket for yourself?

I have not. Might be a good idea!

Yeah, you have quite a nice chance to win Tongue
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April 22, 2012, 11:45:36 AM
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Yeah, you have quite a nice chance to win Tongue

Hi Ghodrick,

Should have put a  Wink to indicate my use of sarcasm there. Neither Amazingrando or I will be purchasing any tickets for the raffle. We are already supplying some of our mining incomes to this little project which is ~$1,200.

I think thats more than enough for the moment.  Smiley

Best,
gigavps
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April 22, 2012, 12:57:36 PM
 #9

This is exciting stuff! Not too long of a wait either! Shocked

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April 22, 2012, 01:44:28 PM
 #10

Any chance you'd tell us how many tickets have been purchased? Wink
Otoh
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April 22, 2012, 02:06:33 PM
 #11

hi, I would like to enter but have no mining or mining contracts experience, I have set up an account with ABC Pool, do you just point your miner at this for the winner, with their worker name & worker's password? Sorry to be such a noob

http://workername:password@pool.ABCPool.co:8332

I have also set up an account with gpumax & added the ABC pool to it, I think it's correct but not certain if I need to add a worker there - or does this just complicate things for me, thanks

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
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April 22, 2012, 06:54:27 PM
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hi, I would like to enter but have no mining or mining contracts experience, I have set up an account with ABC Pool, do you just point your miner at this for the winner, with their worker name & worker's password? Sorry to be such a noob

http://workername:password@pool.ABCPool.co:8332

I have also set up an account with gpumax & added the ABC pool to it, I think it's correct but not certain if I need to add a worker there - or does this just complicate things for me, thanks

Hi Otoh,

If anyone doesn't have mining experience, don't worry. We'll help get you setup with a pool account and get you started if needed.

As for your specific situation, looks like you have everything setup correctly. We will point the hashing power wherever you like. Here is the FAQ from the main thread.

FAQ

Q: Can I point the hashing power where ever I like?
A: YES

Q: What will you do in the event of downtime?
A: The contract will be fulfilled based on the total number of difficulty 1 shares submitted. That number should be 7,040,798.

Q: How can i verify you guys are sending me 50Gh?
A: No need. As long as you get 7,040,798 shares sent to you, that's 50Gh for 7 days.

Best,
gigavps
jamesg
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April 22, 2012, 07:32:29 PM
 #13

4 days 23.5 hours remaining! What are you going to do with 50Gh for 1 week?
Otoh
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April 22, 2012, 07:48:55 PM
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@gigavps cool, many thanks - I'll check out an auspicious day to buy some next week  Tongue

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jamesg
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April 22, 2012, 08:47:26 PM
 #15

@gigavps cool, many thanks - I'll check out an auspicious day to buy some next week  Tongue

Thanks Otoh!

Looks like we've had 39 orders and all of the items except the "30 tickets @ 15% discount" have been purchased at least once. There are still great odds to be had here!

What are you going to do with ~230 BTC?
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April 23, 2012, 09:52:41 AM
 #16

Very cool idea.
jamesg
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April 23, 2012, 10:23:59 AM
 #17

Very cool idea.

Thanks trader joe!

Looks like there are 4 days 9 hours remaining to get your tickets.
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April 23, 2012, 10:26:43 AM
 #18

I just bought one.
jamesg
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April 23, 2012, 12:40:23 PM
 #19

I just bought one.

Awesome Trader Joe.  Cheesy

Good luck to everyone who's purchased a ticket so far. What pool are you going to point the 50Gh at if you win?
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April 23, 2012, 06:30:39 PM
 #20

There are a lot of pool choices.  If you're feeling lucky you can mine on a proportional pool like deepbit or slush's.  If a block is found early you could really earn a lot.  It you don't want to risk it there are many good DGM pools out there including Ozco.in and Maxbtc

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