Introducing PevPot.com The Bitcoin Lottery - page 8.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: NLNico on December 06, 2015, 01:55:41 AM

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

That means people with high amount of money will have a higher chance of winning. I think it is better for them to set 0.04 or 0.05 per tickets so people will not purchase that many and low budget people will still have the same chance of winning too

NLNico

legendary

Activity: 1876

Merit: 1295

DiceSites.com owner

Every satoshi is worth 1 ticket. But the minimum is BTC0.00010000 = 10,000 tickets. If you send BTC0.00012345 - you get 12,345 tickets. So 1000 bits = BTC0.00100000 = 100,000 tickets. Etc.

mobnepal

legendary

Activity: 1218

Merit: 1006

Nice concept but i am little confused about the price of each ticket, it says to send more than 100 bits to get valid ticket but what will happen if i send 1000 bits, will i get 10 tickets? Sorry if this question is already answered above as i don't have time to scroll the whole thread.

chennan

legendary

Activity: 1316

Merit: 1004

This is a really cool concept, just now have found out about this. But what are some ways we can take time to verify the winner our self for each drawing. I would look at the site my self and enter a drawing, but I'm currently away from my home computer right now.

Looking forward to playing though, you have made a lot of good games, and I'm sure this one won't disappoint either RHavar.

lama-hunter

sr. member

Activity: 266

Merit: 250

Nice Site and nice idea! It is possible tom get this going includede as an free faucet like freebitcoin.io?

Would be great to know about Wink

regards
lama-hunter

RHavar

legendary

Activity: 1463

Merit: 1886

With our 4th draw coming near to a close, now is your chance to get in! There's not much early-bird bonuses left, but still can't beat the <= 0 house edge we offer!

Also, I'd like to encourage sponsors to create an ad: https://www.pevpot.com/sponsors

For next to nothing you can create an ad and get on the homepage. For next week I'll add analytics, so it's possible to get an idea how much exposure you're getting. But with a few bitcents, you can't go wrong =)

RHavar

legendary

Activity: 1463

Merit: 1886

Winner has been paid 6.87664041 BTC!

Thanks again for everyone who played, and sponsored the draw! Looks like draw #4 is going to be a bit bigger =) Get your tickets early!

RHavar

legendary

Activity: 1463

Merit: 1886

^ Yeah, that looks right. Which would make the sender of:

https://www.blocktrail.com/BTC/tx/81fe11fd0f44b4ef181a17f2308e46e3a2310d73d25da98cb41d14dff1f1de93?txoutIdx=0

the winner.

I just need to get an external source of data for the transactions before I hand over the money (stupid insight.bitpay api is timing out right now)

Edit: Got Independent confirmation that this is the winning transaction =) Payment will be made shortly

Rilla

newbie

Activity: 15

Merit: 0

I think the winning ticket is:

var winningTicket = bigInt("26d33835054efa572c76332ea937331d74d92eee64d58f1bc839409c29951954", 16).mod(673476389).toJSNumber();
// 134370671

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: katerniko1 on November 30, 2015, 10:14:04 AM

Quote from: Falconer on November 30, 2015, 06:22:01 AM

Quote from: ?? on ??

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed

i was about to ask same question Cheesy

there is no rush but im curious.
regards.
-Katerniko1

It takes an hour or two to calculate who won. You can do it yourself though, following the information on the pevpot site.

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: Falconer on November 30, 2015, 06:22:01 AM

Quote from: ?? on ??

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed

i was about to ask same question Cheesy

there is no rush but im curious.
regards.
-Katerniko1

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: ?? on ??

Hey Ryan.
Need how much block for showing result the winner ._.

Whats the rush? It should take a while to verify the winner but if you win then you win, all you need to do is wait. It aint hurt to do a little waiting I assumed

no-life

member

Activity: 116

Merit: 10

Poor guy next door.

just bought tickets

wish everyone luck lets get this going only 36 blocks more!

RHavar

legendary

Activity: 1463

Merit: 1886

Winner of draw 2 has been paid, and we've opened the ability to pre-register an address (for people who prefer to directly send money to the lotto): https://www.pevpot.com/register

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: jacktheking on November 23, 2015, 08:16:57 PM

Glad that I won a place in the sidebar advertisement slot. Anyway, so I guess the winner of second round is not yet announced right? When will he or she be made known to public?

https://bitcointalksearch.org/topic/introducing-pevpotcom-the-bitcoin-lottery-1243970

I'll just give people a few more hours to verify the results, before I make it official

jacktheking

legendary

Activity: 1484

Merit: 1001

Personal Text Space Not For Sale

Glad that I won a place in the sidebar advertisement slot. Anyway, so I guess the winner of second round is not yet announced right? When will he or she be made known to public?

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: Rilla on November 23, 2015, 06:04:01 PM

Gratz to the winner and thanks for the explanation.

Why do you take 5000000000 iterations? I cant verify it using the tool (my browser freezes). Why not just one iteration? Or 10? Or 5.000? Why so many?

Thank you!

Basically the only point of this step is to waste time.

The attack it's designed to prevent, is if a bitcoin miner bought lots of tickets in the lottery, when they solved a bitcoin block they could check to see if they won the lottery or not. If they didn't win the lottery, what they could do is throw away that block (and its 25+ btc of rewards) and never mine it. Which would effectively give them a 2nd chance at winning.

So what we do, is make the check take a long time. Like an hour-long. So the hypothetical miner, if they found a xxx006 block would have to spend an hour to check if they won the lottery. During this hour they have a MASSIVE risk of having their block orphaned (even a large pool, even if they were burning money privately mining on top of it) so the economics become pretty infeasible.

Rilla

newbie

Activity: 15

Merit: 0

Gratz to the winner and thanks for the explanation.

Why do you take 5000000000 iterations? I cant verify it using the tool (my browser freezes). Why not just one iteration? Or 10? Or 5.000? Why so many?

Thank you!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Rilla on November 23, 2015, 02:53:48 PM

Hi,

when will be the results published?

Also, can you explain the "Early bird bonus pool" a little bit more? Is this something new?

I can explain:

if you bet right at the start of the lottery, you get the full bonus pool if you win.
if you bet half way through, you get half of it
if you bet right at the end, you get none of it

It goes down linearly. If you bet X% of the way through, you get (100-X)% of it.

Rilla

newbie

Activity: 15

Merit: 0

Hi,

when will be the results published?

Also, can you explain the "Early bird bonus pool" a little bit more? Is this something new?

Topic: Introducing PevPot.com The Bitcoin Lottery - page 8. (Read 12310 times)