Blockchain lottery? How does it work?

DanniV

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Quote from: leea-1334 on June 10, 2020, 04:14:37 AM

Quote from: DanniV on June 10, 2020, 12:44:30 AM

Here is a video of how BITWIN24 does their bitcoin lottery - https://youtu.be/6r1SvPbVrTE

Here is a gamble that might be interesting - They run a bitcoin lottery based on picking a series of numbers in BTC block hashes.

They have a jackpot up to €1,400,000 - Paid in Bitcoin

Check them out, I would love to hear some feedback and happy to discuss.

Checked it out but as soon as I saw "lottery" with "masternodes" I switch off. I have seen SO many types of lottery and gaming type systems but people need to understand that us gamblers do not want to mix those types of things. I want a good gambling game, not to also mine or stake or whatever. Because I know for sure either the house edge goes up (or in case of lottery commission goes up).

Thank you for your comments. The model has been developed to propel the expansion of this blockchain lottery. As well as offer the Bitwin24 community a wider value proposition.

However you are correct, there are a offer to get involved with setting up masternodes to support the Bitwin24 ecosystem. There is also an extended referral program to help lift the gains for the participating winners

https://bitwin24.com/en/referral/

DanniV

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Check out the demo game! This is the future of lottery's on blockchain.

Please share your thoughts, I would love to know what reserves people are having with this type to lottery.

https://bitwin24.com/en/demogame/

leea-1334

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Temporary forum vacation

Quote from: DanniV on June 10, 2020, 12:44:30 AM

Here is a video of how BITWIN24 does their bitcoin lottery - https://youtu.be/6r1SvPbVrTE

Here is a gamble that might be interesting - They run a bitcoin lottery based on picking a series of numbers in BTC block hashes.

They have a jackpot up to €1,400,000 - Paid in Bitcoin

Check them out, I would love to hear some feedback and happy to discuss.

Checked it out but as soon as I saw "lottery" with "masternodes" I switch off. I have seen SO many types of lottery and gaming type systems but people need to understand that us gamblers do not want to mix those types of things. I want a good gambling game, not to also mine or stake or whatever. Because I know for sure either the house edge goes up (or in case of lottery commission goes up).

DanniV

newbie

Activity: 33

Merit: 0

Here is a video of how BITWIN24 does their bitcoin lottery - https://youtu.be/6r1SvPbVrTE

Here is a gamble that might be interesting - They run a bitcoin lottery based on picking a series of numbers in BTC block hashes.

They have a jackpot up to €1,400,000 - Paid in Bitcoin

Check them out, I would love to hear some feedback and happy to discuss.

cabron

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https://www.betcoin.ag

Quote from: Bitcoin Marketing on May 16, 2020, 12:49:45 PM

Looks like both Lottery and eSports are adopting Blockchain tech for their gaming needs, faster and easier than products like Poker, slots, etc.
Since these two are so different, they are adopting in different ways, but in both the customer have better transparency.

Anything that includes betting and gambling might just adopt blockchain. I have seen casinos with the lottery on it but never have I tried playing it. I'm not sure if anyone is really into it than a simple dice game to kill time. Lottery offers huge amounts to win but it's still not attractive to me when I can just play dice, no need of waiting, and instantly after a second or 2 I already knew the result.

Bitcoin Marketing

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Looks like both Lottery and eSports are adopting Blockchain tech for their gaming needs, faster and easier than products like Poker, slots, etc.
Since these two are so different, they are adopting in different ways, but in both the customer have better transparency.

jademaxsuy

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I have experienced with lotteries but I haven't done promoting such lotteries. As far as I have known is that most lotteries didn't get much attention and some casinos also implemented lottery games on their platform which is why some prefer casinos with a lottery game when they want to play lottery.

stomachgrowls

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Quote from: kryptqnick on May 15, 2020, 11:19:11 AM

Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Seems like the interest in the technology helps a lot of new Lotteries to rise with Blockchain technology, accepting Crypto players only.
Some of them are using in wallet betting, but most are just operators, Lotteries, accepting all Crypto players and open to the decentralized technology.

I believe that Blockchain lotteries are another great example of Blockchain implementation on the road to mass adoption because the fairness of the games its wide availability and the way the auto distribute of funds

Anyone here have good experience with playing or promoting theses lotteries ?

It seems to me that lotteries aren't very popular in the crypto community of gamblers. I might be mistaken, but most lotteries I've seen failed. There weren't enough people entering the competition, there weren't any winners announced... I guess what's uncompelling about lotteries is that there is an extremely low chance of winning. Moreover, the whole 'experience is boring' (you just buy a ticket and wait for a long-long time to see the outcome). At the same time, games like poker and crash offer engaging experience, whereas the dice game usually allows to customize the win chance. And these can also use the advantages of the blockchain technology which is in answer to what you've mentioned in your last post in this thread.

The only site that i do saw that do still operate nowadays in spite of lack of interest towards lottery games was Ethex.bet. Im not affiliated with this site or platform but this one still able operate for that long
compared to those lottery sites out there.

This one is indeed a blockchain based lottery too- not just like with some other generic or typical number choosing lots out there.I do even saw some pull out some unique ideas like shortening the duration like 10 secs
or something but still failed up.

Other than that i dont see any sites that do still operates upto this day aside on what i have mentioned earlier.

webtricks

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Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Seems like the interest in the technology helps a lot of new Lotteries to rise with Blockchain technology, accepting Crypto players only.
Some of them are using in wallet betting, but most are just operators, Lotteries, accepting all Crypto players and open to the decentralized technology.

I believe that Blockchain lotteries are another great example of Blockchain implementation on the road to mass adoption because the fairness of the games its wide availability and the way the auto distribute of funds

My question is that, how can blockchain technology guarantee fairness of the lottery games?
I don't think blockchain adds anything significant when it comes to generating true randomness. In blockchain, we hash set of data to produce hashes but it is easily possible to guess the hashes if we know which data going to be hashed.

I would say, not blockchain technology but cryptocurrencies do help in maintaining decentralization of lottery up to certain degree. Let say creating smart contract which will pay to the winner among certain set of ETH Addresses on particular day. But even in that case we have to define event on whose basis result will be drawn and there is no element of randomness if everyone knows how hash gonna drawn out.

kryptqnick

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Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Seems like the interest in the technology helps a lot of new Lotteries to rise with Blockchain technology, accepting Crypto players only.
Some of them are using in wallet betting, but most are just operators, Lotteries, accepting all Crypto players and open to the decentralized technology.

I believe that Blockchain lotteries are another great example of Blockchain implementation on the road to mass adoption because the fairness of the games its wide availability and the way the auto distribute of funds

Anyone here have good experience with playing or promoting theses lotteries ?

It seems to me that lotteries aren't very popular in the crypto community of gamblers. I might be mistaken, but most lotteries I've seen failed. There weren't enough people entering the competition, there weren't any winners announced... I guess what's uncompelling about lotteries is that there is an extremely low chance of winning. Moreover, the whole 'experience is boring' (you just buy a ticket and wait for a long-long time to see the outcome). At the same time, games like poker and crash offer engaging experience, whereas the dice game usually allows to customize the win chance. And these can also use the advantages of the blockchain technology which is in answer to what you've mentioned in your last post in this thread.

DanniV

newbie

Activity: 33

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This is how BITWIN24 works - its a quick video

https://youtu.be/6r1SvPbVrTE

DanniV

newbie

Activity: 33

Merit: 0

Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Seems like the interest in the technology helps a lot of new Lotteries to rise with Blockchain technology, accepting Crypto players only.
Some of them are using in wallet betting, but most are just operators, Lotteries, accepting all Crypto players and open to the decentralized technology.

I believe that Blockchain lotteries are another great example of Blockchain implementation on the road to mass adoption because the fairness of the games its wide availability and the way the auto distribute of funds

Anyone here have good experience with playing or promoting theses lotteries ?

Hi Guys!

I am here because I have heard much hype about making money with bitcoin gaming sites. I am on a journey of education and looking forward to learning more.

I have been invited to participate with BITWIN24, they are promoting all the benefits of fairness etc... I am still sussing them out.

Love,

Danni

Bitcoin Marketing

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Most likely they won't see a need for a crypto blockchain lottery.

I can not agree to this one because the Blockchain operators are more than Crypto, they use the endless advantages of the technology for the operation, which is much more than the Crypto side of things.

adaseb

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Quote from: Bitcoin Marketing on March 03, 2020, 01:30:25 PM

Anyone have experience with Quanta Lottery ?

I heard about it and its some high tech style of lottery that is powered by the Ethereum blockchain to prove fairness and all however I still don't think it will be successful. The reason why is because due to low house edge dice there doesn't seem to be a point to crypto lotteries. Like I said a few posts back. Why buy lottery tickets when you can just make a very low odds bet on a dice site and get the same outcome much quicker, less house edge and also provably fair.

In my opinion most gamblers who play at a casino they never play the lottery and most lottery players never gamble at a casino. Most people I know that play the lottery are usually some older senior type of person. While most people I know personally that gamble online or at a casino is someone middle aged. I know this isn't an accurate representation but its something that I observed. Since most people who crypto gamble aren't seniors then most likely they won't see a need for a crypto blockchain lottery.

DoublerHunter

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Quote from: Bitcoin Marketing on March 03, 2020, 01:30:25 PM

Anyone have experience with Quanta Lottery ?

^ I have not tried but I heard this lottery platform from my friend. He convinced me to place a bet and buy more tickets but I refuse because I dont like to gamble lottery due to the chance of winning is very slim. I remember this lottery was blockchain a lottery and base on Ethereum. A fully licensed blockchain lottery.
Nevertheless, I remember this lottery and I saw before their Lottoshi thread. It is used also an Ethereum blockchain.

Bitcoin Marketing

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Anyone have experience with Quanta Lottery ?

Oceat

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Quote from: Oilacris on February 25, 2020, 10:22:37 AM

Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Anyone here have good experience with playing or promoting theses lotteries ?

Yeah, i do have some experience on playing some lotteries and most of them doesnt really get too much attraction even if blockchain-based is already implied.

Somehow there are still some sites that do have lottery games into their site or being added. Theres freebitco.in and in talks of erc20 then theres ethexbet.io
and etc like TRX and EOS based ones but so far i cant see a glimpse into these lotteries.

I still remember I played the lottery once in freebitco.in it was fun but I never win although I'm just using the faucet money to bet their lottery. After that I don't know if there are crypto lottery other than them though it was a bit boring to play though unlike with the other gambling games that I played before.

LUCKMCFLY

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Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

~snip~

Well, the social networks part is fundamental, as much as the campaign of signatures in the forum, great results are obtained, there is little land explored by online casinos and it is to reach people in other ways, whether by radio, with events where people interact either in shopping centers and others, especially in Latin countries that move a lot of money but do not know much about the internet or technology, so they often look for traditional casinos, but there is a big world there full of many players, that's what I've noticed.

ChuckBuck

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better everyday ♥

Quote from: leea-1334 on March 03, 2020, 09:15:49 AM

Never won, but never promoted any lotteries.

I don't promote the lottery, I'm just answering the OP's question Wink

Myself never play lottery because I don't like it, too boring.

Quote from: leea-1334 on March 03, 2020, 09:15:49 AM

I play only free ones like there used to be a free ETH lottery that acted as both faucet and lottery (you roll a number, watch an ad and get free ETH). Same as Doge and btc but now only freebitcoin has the best faucet/lottery,,, just that I never won;)

you can't expect more with free stuff, they're just wasting your time, nothing's good, I'm not disdaining freebitcoin, I say in common

Quote from: leea-1334 on March 03, 2020, 09:15:49 AM

Trueflip sill exists?

I don't know, I think it still exists. I remember I received event notification emails from them not too long ago Cheesy

leea-1334

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Quote from: ChuckBuck on March 02, 2020, 11:10:13 PM

Quote from: Bitcoin Marketing on February 25, 2020, 09:41:06 AM

Anyone here have good experience with playing or promoting theses lotteries ?

If I remember correctly, three years ago, an ICO emerged with becoming the first lottery site on the blockchain. It's Trueflip.io. It was one of the most prominent ICOs of the time, and until now, it still works very well, constantly developing new programs. You can go there and check out details about how it works. I think they publicized it on the Whitepaper Wink

Never won, but never promoted any lotteries. I play only free ones like there used to be a free ETH lottery that acted as both faucet and lottery (you roll a number, watch an ad and get free ETH). Same as Doge and btc but now only freebitcoin has the best faucet/lottery,,, just that I never won;)

Trueflip sill exists?

Topic: Blockchain lottery? How does it work? (Read 615 times)