Topic: The Bitcoin Lottery - page 3. (Read 8171 times)

Fun game, but I'm curious:

Since the odds for each play to win the jackpot are 1 : 100, it seems that the main roll is only possible to result in 1 - 99, and the jackpot roll is possible to result in 1 - 100.  If the main roll had 100 possibilities, what would happen if the main roll resulted in a 100?  Would it simply be counted as a loss and added to the jackpot as normal? 

Put simply, does the first roll have nothing to do with the jackpot which is determined entirely by the second roll?

@lemonginger:

yes, I am thinking of a kind of statistics page with top players, top winners and the real winning percentage based on all rounds. It is of course possible to show all played rounds, because we have all in the database. But as we changed some things since the first release I have to find a way to show that.

In example we used only one roll in the first version and don't stored the payout transaction id.

Now we use two seperate rolls, one winning roll and one jackpot roll. So people who lose the normal round still have a chance to get the jackpot with the jackpot roll. And if you win the normal round and win the jackpot too, you will receive two seperate transfers. I know it would be better to send only one transaction, but I don't want to move values between accounts to keep everything as clean and simple as possible. And regarding the new bitcoin fee system the transaction fees for normal playing rounds are negligible.

Regarding the login and history of your own bets it is only possible to show all bets of the used bitcoin address. Because I see that some players use the same name, but different bitcoin addresses for playing. And the players name is not unique in the database, the bitcoin address is used as unique identifier.

I will try to integrate the statistics as soon as possible, but as I have heard earlier today my in-laws come over the weekend. * sigh * So this weekend I will probably not have much time.

For a coming version I've been thinking about a proper account management - or just makes the whole thing more complicated? Actually, I would like to keep everything as simple as possible.

Many greetings!

By the way, the jackpot has a new high of 9.4551 BTC.

All calculations regarding fees are updated now. Formerly all payouts were less the transaction fee as stated on the website. But since we watched the server log of the latest server version it is proofed that the bitcoin server used 0.0005 btc in 90% of all payouts. We calculate with 1% and in most of the cases the fee is lower than the minimum of 0.0005.

-> RESULT:

• we removed all fees
• payouts are raised from 154% to 155% and 224% to 225% (because 1% fee was removed)
• all payouts are excactly the payout percentage (even if some players send bets like 0.1099999 btc there might be a difference because of rounding the values.

-> Jackpot:

• we have a new Jackpot peak: 9.4351 BTC

Kind regards,
DaMan

one would be useful for audits of outcomes to make sure RNG isn't stacked and all "losses" are going to jackpot fund
other would be, well useful in general just to see outcomes of past rounds

also, anyway we can access full history of bets? and full history of our own bets?

Just a friendly tip: if you post your site in too many threads people will annoyed. Perhaps just update one of your threads that already exist.

Cool. Blocks will always come about 1 every ten minutes no matter how much power is thrown at it. It's meant to be that way.

Usually it's just the free ones that get held up a bit. But I think the more you pay in fees the higher the priority. And of course the more BTC moving around the longer the waiting line gets. It goes up and down all the time.

Nice idea!

In that case there must be a checkbox at login to choose the playing style.

A few days ago the transactions don't took as long as now. We need more mining power to calculate the blocks faster ;-)

Some transactions took an hour or more :-(

Maybe because the priority of the transfers is to low if you use the latest bitcoin client. The new client uses 0.0005 btc transaction fee. The older clients use 0.01 btc. So the priority of the "old" client transfers must be higher the the new clients transfers. But thats only a personal speculation.

regards!

Great idea! I'd like that. He'd probably have to deal with more security stuff as he'd be holding onto more money at a time but surely doable!

It would be nice if we could deposit a large chunk of bitcoins in and then play it like a slot machine, rather than have to wait for confirmation after every bet. Deposit/play for awhile/cashout winnings or what's left

@tito13kfm

Hi tito,

my thoughts and fee calculation was way to complicated. It should be simple and easy.

Now I changed it and it should work as it should.

Thank you for your feedback.

Kind regards!

Until yesterday the payout was 170% - System and transfer fees. And we took a percentage of your playing amount and added it to the jackpot account.

The problem was that the transfer fee (min 0.01) could not be calculated in a perfect way. Sometimes the client/server took 0.01, 0.02 and 0.03 for 0.1 btc bets.


Yesterday the server was updated to the latest version. And now the transfer fee was lowered to 1% the system fee is still the same (5%) and the jackpot percentage was raised to 10% to create a higher jackpot.

Because there was confusion with the 170% payout less the fees, I tried to calculate the % close to the real payout including all fees. That worked well in most cases, there maybe a difference of 0.005 btc, because sometimes the client/server uses 0.0005 btc and sometimes 0.001, 0.002 or 0.003 btc.

To be safe with the transfer we calculated with a minimum of 0.001 btc. But I will check the server logfiles tonight and see if the server really takes the promised 0.0005 btc in most cases. If so, I will correct the transfer fee minimum calculation to 0.0005 instead 0.001 btc.

Currently there was a difference of 0.001 btc. Maybe because I round the values to x.xxx.

I will update it tonight and keep you informed.

Kind regards!

So... You lowered the transaction fees as well as the payout structure?

Yesterday was 170%, 240%, and 90% of jackpot.. today it's 154%, 224% and 90% of jackpot

What is the reasoning behind this?

We have some internet connection problems right now. The server is online and you can play, but don't worry if the website could not be reached. The technicans told us they need to restart our router this afternoon (CET).

On the other side there are transactions which took a long time to be confirmed, anyone knows why? I have the problem with the normal b2b bitcoin client transfer, too. But thats another threat.

Greetings.

lucker, you!    And thank you for the positive feedback!


BTW: we lowered the transaction fee's since we use the latest bitcoin server.

The new bitcoin network transaction fee varys between 0.0005 and 0.003. We reduced the calculation fee to 1% (before 3%), which should cover most of the cases. We will have to watch this.

The previous fee was min. 0.01 to 0.03 btc., so you should win a little bit more.

Greetings!

Great game, thanks for the entertainment. 

Hi Jdumond,

that seems to be a bitcoin client problem. I had this before on regular transactions. But after a restart the client will connect and confirm the transactions. Don't know when that happens.

Regards!

Hello-  Great site!!

I submitted a .10 bet today and It is showing in my client as 0/offline?

The website seems to be working because I see  other pending bets, I have all the blocks downloaded, and am connected through the client.


any ideas?

Hey!

That's my thread! ;P

*joking*

Well, lost 3.75BTC last night in a run of bad luck.  (I was betting between .5 and 1BTC at a time.)

Oh well, it was fun, and it seems fair from what I can tell.