[Testing]Bitcoin Raffle #1

[ezeminer]

This is meant to be a simple raffle that will occur once all tickets are bought.

Link to the master raffle page: Bitcointalk Forum Raffle

Rules: (Undergoing updates to ensure better trust between buyer of ticket and host)(copied from master page)
Numbers are based on first come first serve.
Funds must be received within 48 hours of posting number.
A small fee will be added to raffle tickets, 2% of bet.
Half of the fee will go to thewaterproject.org (1% of bet goes to charity, while the other 1% goes to me)
Raffle prizes are funded by users. i.e. 10 tickets @ .001BTC = prize of .01BTC
Drawing of numbers will be done by using the last digit on one (1) roll on primedice, under the username of ezemining.
Drawings will be made within five(5) days from last ticket purchase.
All BTC funds must be sent to 1Xey38mpt2raBCu9s3gMjjr5fhAHsTNTN
You will NEVER be private messaged to pay to an address.
You will be contacted for your BTC address to receive funds in the event of you winning.

Current Raffle: .01BTC Prize
Ticket Price(included small fee): .00102BTC
Number Tickets: 10
Numbers Available: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

To submit a ticket entry
-You must post the ticket number you would like (if not claimed already)
-A transaction ID (blockchain.info/blocktrail)


Best of luck and I will try to handle problems that arise in the best possible way.
Please leave questions and comments. I will get to them as soon as possible.

[Nobitcoin]

So your small fee per ticket is the price of a ticket. So there be 2 winners of the raffle of 2 x 0.1 you and the winner.

[ezeminer]

So your small fee per ticket is the price of a ticket. So there be 2 winners of the raffle of 2 x 0.1 you and the winner.

I tried to make a small fee that would stay constant if this gets bigger, as well as trying to include the small blockchain costs.

[yahoo62278]

ouch a raffle that reminds me of the 50/50 drawing at the little league games i used to attend. OP the fee is a little high here. 50% for you 50% for winner yuck

[michinzx]

explain to me why youre taking half the raffle funds, doing this "service" for profit really discourages anyone from buying "tickets"

[ezeminer]

explain to me why youre taking half the raffle funds, doing this "service" for profit really discourages anyone from buying "tickets"

This first raffle was meant to test the waters of raffling on the forum. The fee is flat over any and all raffles in the future that may be hosted by me, i.e. 0.1BTC tickets, which would still have that same flat rate fee of .001BTC per ticket.
I also didn't want to start too high of a raffle, without many people knowing me, because that would discourage interest. I'm trying to find that sweet spot of balance here, rather than a flat fee, a percentage fee might interest people.

I hope this answers your question. If you have any tips for how you think I could improve this, please share.

[yahoo62278]

there will never be any interest in this project. fee is ridiculous man. yea i read you saying thats the fee no matter the prize but its too riduclous and too small a prize pool. im also sure noone is gonna trust you with the funds either. you may look into escrow services but idk

[fukuda]

How can we sure that it is not your alt that win the prize? You can always generate numbers in random.org until your alt number wins.

My suggestions to make raffle fair is post the winning number now in encrypted form in your first post.

[hilariousandco]

Nobody is going to take part in this for several reasons. Firstly, you're not really trusted so you would need an escrow to hold on to the funds (even though it's relatively small amount). Secondly, the fees are too high. Thirdly, the draw can easily be faked by using random.org. Lastly, raffles just don't seem to go down well here. I've even seen them from higher ranked members that sell little to no tickets so there's little chance of this being a success.

[ezeminer]

How can we sure that it is not your alt that win the prize? You can always generate numbers in random.org until your alt number wins.

My suggestions to make raffle fair is post the winning number now in encrypted form in your first post.

Could you explain this a little, like use a tool like cryptwin? And yes I can see that problem of an alt, personally it is pathetic, but I can see that problem would bother people.

there will never be any interest in this project. fee is ridiculous man. yea i read you saying thats the fee no matter the prize but its too riduclous and too small a prize pool. im also sure noone is gonna trust you with the funds either. you may look into escrow services but idk

Yea i can see those problems. If it the fee were percentage based and an escrow was involved, would 5-10% sound like alot to you? maybe overall 7% with 4% to escrow or something like that..

Nobody is going to take part in this for several reasons. Firstly, you're not really trusted so you would need an escrow to hold on to the funds (even though it's relatively small amount). Secondly, the fees are too high. Thirdly, the draw can easily be faked by using random.org. Lastly, raffles just don't seem to go down well here. I've even seen them from higher ranked members that sell little to no tickets so there's little chance of this being a success.

The little to no trust is very understandable, I have been through the magical land of the hardware forum, where magical miners just vanish into thin air. If fees were say percentage based, say 5-10% would you be interested? On to the random.org, I can understand that too, maybe a mini video showing the whole screen and clicks and types made? If possible could you link these raffles, so I can see where the possibility to improve on is? Thanks

Thanks for all the helpful posts too, it helps see where the holes are.

[Sir Bitcoin]

Not sure if you'll get alot of interest in this..

50/50's are popular for charities.. Not so much in the way you are delivering it.

[hilariousandco]

Nobody is going to take part in this for several reasons. Firstly, you're not really trusted so you would need an escrow to hold on to the funds (even though it's relatively small amount). Secondly, the fees are too high. Thirdly, the draw can easily be faked by using random.org. Lastly, raffles just don't seem to go down well here. I've even seen them from higher ranked members that sell little to no tickets so there's little chance of this being a success.

The little to no trust is very understandable, I have been through the magical land of the hardware forum, where magical miners just vanish into thin air. If fees were say percentage based, say 5-10% would you be interested? On to the random.org, I can understand that too, maybe a mini video showing the whole screen and clicks and types made? If possible could you link these raffles, so I can see where the possibility to improve on is? Thanks

Thanks for all the helpful posts too, it helps see where the holes are.

I wouldn't be interested but 5-10% is reasonable, though I still don't think you'll get many if any people interested. Video can still be faked or manipulated easy. You need a verifiable way really. Just have a search for raffle and see what you can find but I haven't really seen a successful raffle here in a long time.

[ezeminer]

Nobody is going to take part in this for several reasons. Firstly, you're not really trusted so you would need an escrow to hold on to the funds (even though it's relatively small amount). Secondly, the fees are too high. Thirdly, the draw can easily be faked by using random.org. Lastly, raffles just don't seem to go down well here. I've even seen them from higher ranked members that sell little to no tickets so there's little chance of this being a success.

The little to no trust is very understandable, I have been through the magical land of the hardware forum, where magical miners just vanish into thin air. If fees were say percentage based, say 5-10% would you be interested? On to the random.org, I can understand that too, maybe a mini video showing the whole screen and clicks and types made? If possible could you link these raffles, so I can see where the possibility to improve on is? Thanks

Thanks for all the helpful posts too, it helps see where the holes are.

I wouldn't be interested but 5-10% is reasonable, though I still don't think you'll get many if any people interested. Video can still be faked or manipulated easy. You need a verifiable way really. Just have a search for raffle and see what you can find but I haven't really seen a successful raffle here in a long time.

Alright thanks for the advice, trying to look at ways to sign a number so that it can't be manipulated.

[ezeminer]

So after some research, it looks like the one way to set this up would be a small percentage, 4%.
This would include an escrow to hold funds and draw the number. 2% going to each party.
Then 1% of the 2% that I would receive could go to the water project, because they accept bitcoins https://thewaterproject.org/donate-bitcoin
If anyone is interested in escrowing or the raffle please speak up.

Another way could be escrow holding funds, then going on a site like primedice, using my dice account to generate one roll w/ full screen video capture. Then the last digit would be used to determine a winner. i.e. 0.01 would meant ticket #1 wins


If anyone has comments or questions, that would be nice.

[ezeminer]

If anyone is interested the number has been encrypted and posted.
The key will be posted once all tickets have been purchased.

[SOAD]

If anyone is interested the number has been encrypted and posted.
The key will be posted once all tickets have been purchased.

Do you know the winning number? How did you create it? I think the trouble with these sorts of raffles is the draws can easily be manipulated if the process isn't wholly transparent.

[ezeminer]

If anyone is interested the number has been encrypted and posted.
The key will be posted once all tickets have been purchased.

Do you know the winning number? How did you create it? I think the trouble with these sorts of raffles is the draws can easily be manipulated if the process isn't wholly transparent.

I do know the winning number, I created it by using random.org then putting that number into an encrypted format. I know it is really hard to stay completely 100% transparent on the internet with raffles.

But if you are interested for example

To decrypt following message use https://www.infoencrypt.com
<Encrypted>
sgIhDQrQ0TiDKjf2dZ/7b6sEDEQ0PSBqjxZI49hlbQPhMGUH/v+4pBKiT6J4FKQ3rt6YKNeuw7waE+6g
DIoDrsVvvI0uBKrzTHYGkcxzLoCZ0mNw/QzcVByXVC/lxwBTI4SsF4dhdCkfIk6ac6ecrw==
</Encrypted>

You post the encrypted part into their system, then I give the password once all tickets are bought
The password for this one is: "password"

This maintains that the number is there, I know the other side of the argument is "what if you have an alt?"
Well I don't have an alt, because I think it is not fair to cheap people of their money and hard earned bitcoins.

Then one other part is "what if I scam you?"
That's the reason why I tried making it a small bet, small risk small return, to get some sort of reputation.
If it would make people feel better I would deposit the prize pool amount to that address.


Any questions or comments can be made and I'll respond ASAP.

[hilariousandco]

You can't create a raffle where you know the winning number regardless of how fair or honest you are or claim to be. Nobody has any reason to believe this. I wouldn't trust anyone here to do a raffle this way. You're going to have to create one where it is completely fair for people to even bother, but like I said initially even if you did I doubt you will get any interest.

[ezeminer]

You can't create a raffle where you know the winning number regardless of how fair or honest you are or claim to be. Nobody has any reason to believe this. I wouldn't trust anyone here to do a raffle this way. You're going to have to create one where it is completely fair for people to even bother, but like I said initially even if you did I doubt you will get any interest.

I will try my best, because I'm one of those people that goes back to the drawing board and tries to find the gaps.
Also thank you for the tips

[ezeminer]

New idea. How would people feel if I used a dicing site, and used the last digit for the winning ticket?

For example


The last number was a 0 in the roll, meaning the 0 ticket would have won
Tickets would be sold from 0-9 to account for this.

Here is the hash from primedice


And here is the only roll that has happened in almost 10 days


Since there isn't a way to removing bets from the list, it keeps the host (me) from cheating the raffle.
It also doesn't allow the host to know the number, until the drawing happens.


How would people feel about this method?
Just trying new ideas here.