Topic: ⚡MEGA MINER!⚡new CRYPTO SCRATCH CARD⚡Instant wins up to 2 BTC⚡Prov. Fair⚡8BET.io - page 73. (Read 17072 times)

Thankypu

Thanks Shield for the kind words and candid feedback.


I guess this really depends on the definition of success in this context. As the platform is 100% return to players, "success" perhaps is not defined in the same way as some of the other (failed) sites that you mention - in that success is not about achieving a degree of profit of financial gain.

As a player-powered, 100% return "closed loop" system, success here would be providing a compelling lottery game experience to it's community of it's players (who are also it's contributors) in a sustainable way. To a degree, this is already the case - the games offer significantly higher payouts (100%) than the alternatives in a provably fair manner, with a gameplay experience directed by the player community and innovative options such as staking.

Of course, in these early days the jackpot offerings are still nowhere near large enough to be life changing, but that is something that comes with time and growth of the community.

I'd encourage anyone even mildly interested to give the 8Bet bitcoin lotto games a try - two games offering different prices and payout offerings (but still both 100%).

I bet miners won't try to cheat, at least for now. This isn't something that worths and I can also bet it won't worth in future.
OP I appreciate the work you put in releasing of it but sorry, I can't tell you that it's wow or will ever be.
There were some websites closed, they were also well promoted (I remember one).
I doubt it can achieve success but trying is better than doing nothing.
It will make you nervous, it will require a work of years and still 50/50.

On the home page you can see the two games side by side with the comparison - basically Revolution Lotto costs more but pays higher for 2-5 ball matches (eg. matching 2 balls on Revolution pays 3x while matching 2 on People's One pays 1.25x). Both games of course return a total of 100%


We've outlined the process in this provably fair post. Basically, if you want to validate/prove that a draw was fair, you can follow the same steps yourself (using your own or other non-8Bet code) and you will get the same ball results. You only need two tools - a SHA256 hash implementation, and a Mersenne Twister RNG. Perhaps we will post some links to publicly accepted independent implementations of these, but any that you choose should work just as well.


Deposits can be BTC, BCH or LTC - with more coming. Any particular coins that you would like to see on there ?


The 3 tiers of the 100% return (pasting the Revolution Lotto payouts below) break down as follows:

  Non-jackpot game returns 69.0%  [ this is the return from the payouts for matching 2-5 balls ]
  Jackpot stakers get 8.3%    [ this is returned to all players staking the jackpot ]
  Jackpot rollover gets 22.7%    [ this is the amount rolled over to grow the next jackpot, if nobody wins ]
  TOTAL RETURN = 100.0%

Regarding you question on non players - yes, every player that has an active stake at the time of the draw still gets paid the staking share, even if they don't have any tickets in the current draw. The staking payout is collected from all tickets bought and then distributed in proportion to all players based on their stakes.

I just checked your site and I saw you have 2 games which is people one and revolution, so what is the different about it? There is only different in bet per tickets that you submit. And how can we checked that it is provably fair?
And about the payment, it is pay through bch? Can't be on other coin?
And btw I do not understand about the 3 tiers that you split it, non players can get the bonus too just by participate when someone hit the jackpot?

Once you sign in, go to History on the sidebar to see the full history (balls drawn) for all previous draws, together with the provably fair info to verify the draw if you so wish - seed (private until draw), seed hash (always public), Bitcoin block number (first block after draw closed), Bitcoin block hash (used for the blockchain part of the random number generation for the draw) - see the provably fair description.

We are also planning to add verifiable info about all tickets bought for a draw (based on other discussions in this thread) including stats about winnings/draw - this needs to be done in a cryptographically secure way to protect the privacy of players (for example, so that outside parties cannot link tickets together based on player number choices to associate all tickets bought by the same players, or to combine this with crypto blockchain analysis to associate players with real-world identities). We take privacy very seriously so we are spending the requisite time on making sure it is bulletproof, and not susceptible to an analysis attack.


These first two games draw daily (12 hours apart), and you can buy tickets for upcoming draws several days in advance - for when you want to play your lucky numbers or quick pick, fire and forget. The system will then email/text you after each draw, letting you know if/what you hit. So not really aimed for the instant game market.

There is a project on the roadmap for more instant games that will draw every Bitcoin block, but there are at least a few more major releases (combined a few weeks) before that starts active development. We'll keep you posted!

good catch and thank you for the kind words. as soon we have a dev we will be back (just for info)

Where can I find the winning bet history of previous drawn lottery?
By the way, your lottery reminds me for dustlottery on jackpotracer (the game has gone unfortunately) but yours is only being drawn once every 24 hours?
Isn't it too long time too wait? I think you can make it as instant lottery like what dustlottery had long time ago.

The jackpot has just gone over 11 BCH (+1.26 BTC)

Use the 8BET beta link to get past the waitlist.

Ok, changed. PM away! 

Hey 8bet,

Trying to send you a pm but you have the newbie option turned off in your profile

Profile -> Personal message options -> allow newbies to send you PMs.

It was actually a combination of fewer ball matches (not the 6-match jackpot) that resulted in total payouts for draw #31536 being more that total spent on tickets for the draw (ie. over 100% payout to players) 

Because the 8Bet.io bitcoin lottery games pay out much, much higher than regular lotteries, it is not uncommon for a number of tickets matching fewer than 6 balls in a draw to make the entire draw exceed 100% payout (you don't have to have a jackpot winner to have over 100% payout in a draw).

For example, Revolution Lotto pays:
- 3x for matching just 2 balls!! (you will find no other lottery with this crazy payout!)
- 10x for matching 3 balls

As the product has just launched, the jackpots are still low at just over 10 BCH (but growing) - however all the payouts for matching less than 6 balls are very high, so this makes these games very interesting while waiting for the big hit to come 

Give it a try, would love to hear what you think - the beta link is https://8bet.io/beta

how much have been the 100% for the winner?

congrats to the winner

BOOM! Two days in a row now!

Peoples One draw #31536 has paid over 100% once again 

Give the 8Bet.io bitcoin lottery a try today - tickets 0.001 BCH to win over 10 BCH. Deposit BTC, BCH or LTC.

Still in BETA but the Peoples One Lottery at 8BET.io paid out over 100% yesterday 8 March 2018

Use the private beta invite link to 8BET.io for early access - play two daily blockchain lottery draws in BTC, LTC or BCH.

Today's Peoples One draw had a lucky winner with 3 ball matches paying 10x!

It was only their fourth ticket ever at 8BET.io!

Yes, we switched to Bitcoin Cash as the native playing currency for the platform - but players can still deposit in BTC, BCH, and LTC (with more coming). We had to make this change because of the Core scalability issues at the end of last year - high fees (fees many times higher than our ticket costs) and long confirmation times were a non-starter for a lottery product. We also need fast and (almost) fee-less internal movement of funds in order to achieve our goal of 100% return to players.

So BCH works as the native/internal/playing currency and the jackpot is denoted in BCH - but players have choices on deposit and withdrawal cryptos.


Yes, the model is 100% return to players. There is no house edge, it is a zero margin lottery.
The platform is powered by players - contributors do the development, management and operations. "Marketing" is by word of mouth, players spreading the word, posting links etc. Players who aren't contributing time or awareness can opt to donate funds (default of 5% of only winning tickets), which get used for operational costs (hosting etc.) or for bounties for paid feature development.


We've had a quick look at the pevpot model based on another comment on here, and 8Bet is quite different. The house-less model with a player cooperative running the platform hasn't been done before (to our knowledge) so we are treading new ground.
Ultimately the opportunity to gamble on a 100% return model with a genuine chance of winning and not being fleeced in the long run resonated with a lot of fellow gamblers (this blog post explains why: https://8bet.io/blog/gambling-today-is-flawed/) , so we are already a group of interested customers ourselves. In the long run the market will dictate if 8Bet lives or dies - if enough players find value in the 8Bet model they will "vote" with their bankrolls, instead of spending it at the usual house-edged establishments.



Yes, we're working on ways to disrupt other types of gambling too - working on models for 100% return casino games etc.
But right now, the focus is on lottery (2 games at launch) and we'll take it from there.


Thank you! If you'd like an invite to the private beta currently underway, please message me.

Don't worry about miners trying to cheat so they can win some lottery.

Yes it is possible however I don't think the pools would get together and try to cheat you guys.

Even if 1 pool tries to cheat, it highly unlikely that they would mine the specific block of the lottery.

confused a bit. according to the blog  you switched to Bitcoin Cash is that correct?

and you earn nothing?

pevpot closed down and many more. why do you think you will succeed with your lottery?

any other games on the way?

good luck

If u r planning to use Bitcoin blockchain for RNG, then u should check https://www.chain-bet.com for once. They have a fantastic use case.