Can more people please come join us at LotteryPool? We have a weekly lottery from half the pool fees, which are only 1% so effectively 0.5% pool fees with the fun of a lottery to look forward to.
The owner has upgraded to a faster/more reliable server and I haven't seen any down time yet! It's working smooth as silk ATM, so come join us!!! The more people we have, the larger the lotto pool/winning and the funner it is to mine!!!! The pool is great, however people are most likely hesitant of any sort of lottery. They see it akin to snake oil - one is more likely to die in a plane crash than hit the jackpot.
Not to say that the pool in question isn't fair, but perhaps if it were explained in a more pragmatic manner I would consider joining.
Thanks.
How the lottery works:
When you mine there, the system takes a snapshot several times a day, to find active miners, the system allows a 35 % variance in activity, so that all miners are accounted for, the way it has been running so far is that everyone mining gets 1 lotteryticket per day, so, for example
a b and c are mining at the pool
a mines at 2 MH/s with 1 worker
b mines at 20 MH/s with 5 workers
c mines at 200 KH/s with 2 workers
so a,b and c gets each 1 lottery ticket.
and the end of the period a list is compiled with all the names in it, like following
a mined for 4 days
b mined for 1 day
c mined for 3 days
the list would look like this:
a
a
a
a
b
c
c
c
then this list is taken to random.org's list randomizer and run through X number of times (determined by random.org's random number generator
with a number from 1 to 100)
then we do a random number generator with the number of lines in that list, in this case 8
that number coming out, is the winner
After todays lottery, we are changing the way the lottery goes about, instead of once per week, we are going to do it EVERY day instead
and for the next 7 days, im going to add 28.5 DRK on top of the lottery pool which consists of 50% of all fees collected
edit: And for those wondering, nope, my name is never on that list, so i can never win.
Let us know if that fixed it!
I have my stock portfolio for more rational investing.
