Topic: 100g of Silver (Raffle) (Read 1623 times)
I think he wants to limit the max. raffles so everybody has a fair chance of winning.
oh my I forgot this raffle .. omg 
so may we start soon ? 1st test round 
so may we start soon ?
1st test round
tonino
I also think that limiting to 5 or 10 has no sense, will see if someone is interested in more and possible 2nd, 3rd round of raffle should be without limitation
any other ideas ? if not ... I will set magic number in cooperation with some gold member and raffle can start
I also think that limiting to 5 or 10 has no sense, will see if someone is interested in more and possible 2nd, 3rd round of raffle should be without limitation
any other ideas ? if not ... I will set magic number in cooperation with some gold member and raffle can start
I think he wants to limit the max. raffles so everybody has a fair chance of winning.
IMHO every on ehas a fair chance if there will be 50 tickets max and not more. so everyone knows his chance. if I want to buy one ticket only I have my fair chance even if some one will buy 10 tickets as long the 50 tickets are in place.
a, yes of course when 50 tickets will be sold ... I wont sell 51st, 52nd ticket ... when 50 are sold then winning ticket will be chosen.
b, I dont think it is necessary to have rule "minimum 25 posts" to avoid multiple nicknames from 1 real user. Because If someone buys 5 ticket he has 5 times bigger chance to win, but he also spent 5x0.01 btc .. so his odds are same as for 1 ticket.
As I mentioned above, I am afraid that there wont be 50 unique users who would like to enter raffle so I wont get 50 tickets sold, therefore I would like to set rule that 1 user can buy up to 5 tickets. I would set it to 10 but you wanted 5 so .. lets keep it at 5.
Everyone who buys 1 ticket has right to choose 1 number between 1- 100 ... if you buy 5 ticket you can choose 5 numbers, so odds are same. (About magic number please see my first post of this thread)
So user who buys 1 ticket doesn't have to be worried he has lower chance to win that user who bought 5 tickets. Odds are same .. ok ?
Any other ideas ?
You need to have one raffle and see if You will sell 50 tickets. if You dont sell 50 tickets You will refund the ticket buyer.
I would not limit the tickets to 5 or 10, I propose no max limit for ticket buyer. one can buy all 50 tickets and win for sure. would this make sense? IMHO No.
I think he wants to limit the max. raffles so everybody has a fair chance of winning.
IMHO every on ehas a fair chance if there will be 50 tickets max and not more. so everyone knows his chance. if I want to buy one ticket only I have my fair chance even if some one will buy 10 tickets as long the 50 tickets are in place.
a, yes of course when 50 tickets will be sold ... I wont sell 51st, 52nd ticket ... when 50 are sold then winning ticket will be chosen.
b, I dont think it is necessary to have rule "minimum 25 posts" to avoid multiple nicknames from 1 real user. Because If someone buys 5 ticket he has 5 times bigger chance to win, but he also spent 5x0.01 btc .. so his odds are same as for 1 ticket.
As I mentioned above, I am afraid that there wont be 50 unique users who would like to enter raffle so I wont get 50 tickets sold, therefore I would like to set rule that 1 user can buy up to 5 tickets. I would set it to 10 but you wanted 5 so .. lets keep it at 5.
Everyone who buys 1 ticket has right to choose 1 number between 1- 100 ... if you buy 5 ticket you can choose 5 numbers, so odds are same. (About magic number please see my first post of this thread)
So user who buys 1 ticket doesn't have to be worried he has lower chance to win that user who bought 5 tickets. Odds are same .. ok ?
Any other ideas ?
I think he wants to limit the max. raffles so everybody has a fair chance of winning.
IMHO every one has a fair chance if there will be 50 tickets max and not more. so everyone knows his chance. if I want to buy one ticket only I have my fair chance even if some one will buy 10 tickets as long the 50 tickets are in place.
He could add another rule, for example: Minimum of 25 posts to enter the raffle. Not a lot of people have a 2nd account with enough posts.
good idea but like this you will punish new accounts. how about no max tickets and in case there are more than 50 tickets sold those tickets over 50 will go to the next raffle?
And how do you enforce the 5 max? Some people have 2 accounts, or more. If they pay, let them have the same odds.
so 5 max cant be guaranteed? so every one can buy how many tickets he like? what will happen if more than 50 tickets are sold?
And how do you enforce the 5 max? Some people have 2 accounts, or more. If they pay, let them have the same odds.
So we are looking at 50 tickets for 0.01 BTC a piece?
yes exactly. max 5 ticket per user
Any other ideas ? If not I would start 1st round of raffle tomorrow 
Current 100 g of silver = about usd $65
10 x 0.01 btc = 0.1 btc *$450 = $45.
$45 - $65 = -$20.
Did I get my math right?
You are actually making a loss based on the current market price for both BTC and Silver?
10 x 0.01 btc = 0.1 btc *$450 = $45.
$45 - $65 = -$20.
Did I get my math right?
You are actually making a loss based on the current market price for both BTC and Silver?
fixed number of ticket to 50 - sorry my fault, now everything looks like be allright
there are 50 tickets ...
no I am not making loss ...
and 100 g of silver for 65 is spot price, if you have real bullion silver price is higher, if you have 1 gram bars - productions costs are higher so price per gram is also higher
100x1 gram bars are not best for price per gram ratio .... thats fact, but they can be easily divided to 1gram bars ... with 1oz or 10oz or 1 kilo full bar ..dividing to smaller ones are not so easy
my 100x1g are selling for aprox 160 usd (ebay etc)
1000 g bar is selling for aprox 1000 usd
you can see there is better price per gram ratio, but small 1gram bars have advantages mentioned above
Current 100 g of silver = about usd $65
10 x 0.01 btc = 0.1 btc *$450 = $45.
$45 - $65 = -$20.
Did I get my math right?
You are actually making a loss based on the current market price for both BTC and Silver?
10 x 0.01 btc = 0.1 btc *$450 = $45.
$45 - $65 = -$20.
Did I get my math right?
You are actually making a loss based on the current market price for both BTC and Silver?
would this be legal? paying the raffle ticket with btc and getting silver as a price?
sounds interesting.. waiting for to get start there 
How much worth one ticket ?
0.01 Btc - its mentioned in first post
lower price, more tickets, max 5 tickets per person.
more people = more fun!
This sounds like a good compromise!more people = more fun!
1 person can still buy 5 tickets and fill 10% of the tickets, can they not?
yes we adjusted rules that 1 person can buy max 5 ticket as you mentioned ... you think thats bad idea ?
How much worth one ticket ?
lower price, more tickets, max 5 tickets per person.
more people = more fun!
This sounds like a good compromise!more people = more fun!
1 person can still buy 5 tickets and fill 10% of the tickets, can they not?
any other ideas or tips .. ?
Can we start 1st round of raffle ?
Can we start 1st round of raffle ?
lower price, more tickets, max 5 tickets per person.
more people = more fun!
This sounds like a good compromise!more people = more fun!
I understand your idea boys ..but ...
I am afraid that 50 people is too many. We can find 10 - 20 maybe 30 people who would like to participate and what then .. we will wait 1 - 2 - 3 months to start raffle until all tickets are sold ?
Allow few days to settle down this topic, I can change rules as you mentioned (0.01 per ticket and 5 tickets per user) and we can try 1st round then
lower price, more tickets, max 5 tickets per person.
more people = more fun!
This sounds like a good compromise! more people = more fun!
lower price, more tickets, max 5 tickets per person.
more people = more fun!
more people = more fun!
Yeah Id play for 0.01 but Im not going to throw away 0.05, I think you would sell the many smaller entries faster than a few large entries.
do you think there will be 50 people willing to enter raffle ? I dont think so ... I can try lower it to 0.01 but allow to buy more then 1 ticket by 1 person .. hm ?
Yeah Id play for 0.01 but Im not going to throw away 0.05, I think you would sell the many smaller entries faster than a few large entries.
Yes, and you should only allow 1 ticket / person.
I would lower the raffle price, and sell more raffles. People would be a lot more interested if they can enter the raffle for 0.01 or 0.005.
Thank you for your idea, I was thinking about that, but in such situation, (0.01 per ticket) ... there needs to be sold 50 tickets and it can take long time until all tickets are sold ...
Hello all,
maybe some of you know I am selling silver bars at bitcointalk
https://bitcointalk.org/index.php?topic=307826.new#new
I have idea about raffle. Would someone be interested in ?
Basic rules: (fixed number of tickets, sorry my fault)
Prize: 100grams of Silver (100x1g bar)
Number of "tickets" = 50
Prize of 1 ticket = 0.01 Btc (for this round of raffle)
Max 5 tickets per username
Raffle will start in a few days
Winner will be randomly chosen when 50 tickets will be sold.
How to choose winner ?
Lets say there will be "magic number" between 1 - 100 and this "magic number" will be chosen before raffle begins and some gold member can choose this number to prevent any manipulation from my side
Every participant will have to guess this number .. 1 ticket = 1 guess ....
Winner will be the one, whos guess will be nearest to this "magic number"
Example:
Magic number is 65 ....
Everyone who ownes 1 ticket (1 guess) ..or more tickets (2 tickets = 2 guesses) will guess their numbers ... like 1 3 4 6 9 10 59 77 99 .... so number 59 is nearest to magic number so person who guessed number 59 is winner ...
I will send 100grams of silver to winner If there will be interest in raffle, we can make another round anytime in future.
Would someone be interested in such raffle ?
PS: please correct my grammar mistakes thank you
maybe some of you know I am selling silver bars at bitcointalk
https://bitcointalk.org/index.php?topic=307826.new#new
I have idea about raffle. Would someone be interested in ?
Basic rules: (fixed number of tickets, sorry my fault)
Prize: 100grams of Silver (100x1g bar)
Number of "tickets" = 50
Prize of 1 ticket = 0.01 Btc (for this round of raffle)
Max 5 tickets per username
Raffle will start in a few days
Winner will be randomly chosen when 50 tickets will be sold.
How to choose winner ?
Lets say there will be "magic number" between 1 - 100 and this "magic number" will be chosen before raffle begins and some gold member can choose this number to prevent any manipulation from my side
Every participant will have to guess this number .. 1 ticket = 1 guess ....
Winner will be the one, whos guess will be nearest to this "magic number"
Example:
Magic number is 65 ....
Everyone who ownes 1 ticket (1 guess) ..or more tickets (2 tickets = 2 guesses) will guess their numbers ... like 1 3 4 6 9 10 59 77 99 .... so number 59 is nearest to magic number so person who guessed number 59 is winner ...
I will send 100grams of silver to winner
If there will be interest in raffle, we can make another round anytime in future. Would someone be interested in such raffle ?
PS: please correct my grammar mistakes
thank you Jump to: