BitPotluck: Difference between revisions
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Djbooth007 (talk | contribs) Created page with "[http://www.bitpotluck.com bitpotluck.com] is an elegant lottery game where the prize draw increases as more people play. Features include: * Off-blockchain transactions powe..." |
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bitpotluck.com was a lottery game where the prize draw increases as more people play. | |||
Features include: | Features used to include include: | ||
* Off-blockchain transactions powered by [https://en.bitcoin.it/wiki/Inputs.io Inputs.io] | * Off-blockchain transactions powered by [https://en.bitcoin.it/wiki/Inputs.io Inputs.io] | ||
* as above, instant entry (no waiting for blockchain confirmation) and no transaction fees | * as above, instant entry (no waiting for blockchain confirmation) and no transaction fees | ||
Latest revision as of 17:53, 11 June 2015
bitpotluck.com was a lottery game where the prize draw increases as more people play.
Features used to include include:
- Off-blockchain transactions powered by Inputs.io
- as above, instant entry (no waiting for blockchain confirmation) and no transaction fees
- no site registration required
- no win limits - pot size depends on the number of contributions per pot
- winners are paid out immediately after being selected
- choice of multiple entry fees from as little as 0.001 BTC for light play up to 1 BTC per entry for heavy hitters
- multiple pots with differing time limits for quick 10 minute draws to long 6 hour draws
- provably fair (of course)
Additional features added into the game are:
- pot starting balance increases after every payout
- first 2 contributors of any pot get 1 free ticket (an incentive to join)
- auto-updating on-screen (no page refreshing)
The winner takes 95% of the pot total, where 2% is left in the pot for the next draw. This enables the pot size to increase over time. The other 3% goes to covering hosting costs (and profit, if any).