But, who's gonna hold the funds? Who's gonna split the reward?
All of the addresses we will use I have the private keys for and will split the reward. 
Topic: Apparently there aren't any gamblers in this section. Bitcoin lottery crowdfund - page 2. (Read 1751 times)
April 27, 2016, 08:35:42 PM
April 27, 2016, 07:48:58 PM
But, who's gonna hold the funds? Who's gonna split the reward?
April 27, 2016, 10:56:45 AM
Like a german group, but for smaller players. I like the idea, but I have some questions too:
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
2.5 bitcoin theoretically would give us a 1 in 10 chance. About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
We would be able to purchase 250 contracts each with .01btc and each with 5TH, and each mining to a separate address, 250 of them.
The contracts would end after less than a day, probably around 15 to 18 hours.
If we win, winnings would be split according to each person's contribution.
April 26, 2016, 10:35:00 PM
Like a german group, but for smaller players. I like the idea, but I have some questions too:
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
April 26, 2016, 12:44:44 AM
tl;dr damn too long
Too long lol... You should try and read my book then
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461642867&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
April 25, 2016, 09:56:12 PM
tl;dr damn too long
April 25, 2016, 08:06:47 PM
Im interested but just checking it's .01 a contract and need .05 to get in so that's 5 contracts
Yes, .05 would buy five rentals of 5TH for a little less than 1 day. April 24, 2016, 09:33:27 AM
Im interested but just checking it's .01 a contract and need .05 to get in so that's 5 contracts
April 21, 2016, 12:21:21 AM
TLDR.
Wall of text.
Wall of text.
April 20, 2016, 11:06:45 PM
saved for future posts about pledges. After we reach 2.5BTC in pledges, I'll notify everyone with the address to send the pledge in for your entry fee. 0.05 minimum to join the group.
Total pledges so far, 0.3BTC (0.25 of that is my pledge)
Needed to start: 2.2BTC
Total pledges so far, 0.3BTC (0.25 of that is my pledge)
Needed to start: 2.2BTC
Count me in with 0.05
April 20, 2016, 10:35:35 PM
HOW IT WORKS
I will be contributing 0.25BTC
I will have 250 bitcoin addresses that our group will be solo mining to @ckpool
Each address will have 5TH pointed at it until the contract expires which will be less than a day
I am looking at waiting until 2.5BTC are deposited until we start, as each contract will cost .01btc
and we will have 1.25PH pointed at solo.ckpool.org with 250 different addresses each at 5TH
It's basically P2Pool but on CKPool with a group of people that wanna have some fun.
Contributions: .05 increments
When we have 2.5BTC we will begin
with 2.5BTC the "expected average" would be a 1 in 10 chance of finding a block thus 10X your investment should we win.
However, it is very possible that you will lose whatever you contribute, and it is also possible and I have seen on a couple occassions where we could find 2 or more if were really lucky.
This is my favorite strategy of the ones I've tried. The p2pool style solo mining.
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
I will be contributing 0.25BTC
I will have 250 bitcoin addresses that our group will be solo mining to @ckpool
Each address will have 5TH pointed at it until the contract expires which will be less than a day
I am looking at waiting until 2.5BTC are deposited until we start, as each contract will cost .01btc
and we will have 1.25PH pointed at solo.ckpool.org with 250 different addresses each at 5TH
It's basically P2Pool but on CKPool with a group of people that wanna have some fun.
Contributions: .05 increments
When we have 2.5BTC we will begin
with 2.5BTC the "expected average" would be a 1 in 10 chance of finding a block thus 10X your investment should we win.
However, it is very possible that you will lose whatever you contribute, and it is also possible and I have seen on a couple occassions where we could find 2 or more if were really lucky.
This is my favorite strategy of the ones I've tried. The p2pool style solo mining.
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
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