I am interested in setting up a fixed pool drawing, hopefully one that can grow to as much as 50 BTC if popular. For this one though, I am going to start with a set 10 BTC pool, where there are 200 tickets, each costing .05 BTC.
Here is how it will work:
Each ticket costs 0.05 BTC (roughly $5 in USD), and there will a total of 11 winners.
Prizes:
4 BTC - 1 winner
2 BTC - 1 winner
1 BTC - 2 winners
0.50 BTC - 3 winners
0.10 BTC - 4 winners
Total paid of 10 BTC = 9.90 BTC, I keep .10 BTC and pay the tx fees.
Tickets sold so far: 4 / 200.
How will it be provably fair?
I have thought about this and I've decided the best way, is to do it is as followed:
I am going to use Just-Dice's rolling of the dice to pick the winners. Basically I will draw 11 and only 11 numbers on the account 99900 (I own this). Before I draw ten times I will press "randomize" on the site to randomize the server seed. This will be the only time this user will be used. Each ticket of the 200 tickets gives you a .5% chance of winning. The first ticket bought will have numbers 00.00.00 to 00.49.99. The 2nd ticket bought will have 00.50.00 to 00.99.99. Third would have 01.00.00 to 01.49.99, and so on. The 200th ticket would have numbers 99.50.00 to 99.99.99.
Here is an example draw:
The first draw will be for .10 BTC, and I roll a 03.42.99, whoever bought the 7th ticket bought would be the winner. No ticket can win more then once, in the unlikely chance that a subsequent roll falls within another ticket's winning number range, a new number would be drawn/rolled. All of this will be verified by Dooglus of course (I'll ask him to post here to make sure its okay with him) for the 10 rolls and any possible following rolls. This account will not be used for real wagers, and whether the bets win will not matter, only the random numbers drawn will matter.
Order of winning number draws:
The winning prize numbers would go from least to greatest, so the 11th roll would be for who wins the 4 BTC.
Please send 0.05 or more to 1EaG64J9UvEPzcamBAeZeP5AmzP8ieBDxn. Each ticket costs .05, feel free to buy more then 1 ticket per transaction.
Please send ONLY from a wallet you own, winnings will be sent back to the same address that the BTC was sent from!
How do we know we can trust you?
Check my reputation thread in my signature for many examples of me escrowing or purchasing where sent first to 10 BTC or more in one transaction. If you don't trust me, thats fine, everyone is entitled to their opinions. All entries will remain untouched in that address above that I own.
How long do we have to wait for this to fill?
If after 30 days from the first ticket being bought, the drawing has not filled, I will refund all bets. Since this is order sensitive for tickets bought (your order decides the winning number range you get) I will not refund any tickets early for any reason.
Will you be entering this drawing?
In the future I may enter it if people allow it but for the first one to prevent any accusations of being "in" on the drawing, I definitely will not be entering.
When will the drawing occur?
When all 200 tickets are sold, I will announce the specific time and date of the drawing, in which I will be chat under the 99900 account so you could be there when I first announce what ticket # wins each drawing. The drawing will occur within 48 hours of the 200th ticket being purchased.
I have another question?
Feel free to PM me or comment here
List of tickets and their owners:
1. 179QD 2. 1ApYR 3. Harshbuttrue (SWC) 4. 1GdQZ 5-200. LightLord.
Basically Lightlord owns 02.00.00 to 99.99.99. If any of the 11 numbers are below 02.00.00 then someone else wins that amount haha.