Author Topic: Memorycoin Lottery Idea [In Development]  (Read 1595 times)

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Offline FreeTrade

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Have you given any consideration to the idea of accepting all alts and paying out in MMC?

I think you could get it started pretty quickly by establishing a cryptsy account, creating a deposit account for every alt, with conversion to BTC on receipt.

Then all you've got left is an accounting problem of calculating each address's chances, and a fair way of choosing the winner.
Convert the winning entry address to an MMC address and payout.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline Delinquency

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Please let me know your thoughts or suggestions for the lottery before I create the lotto system.
Here I can demonstrate my Lottery System (In words)
  • Ticket fees increase as more tickets are placed: ex. 12MMC for the first ticket, 14 MMC for the second, etc.. it discourages multiple entries and spirals the jackpot prize. ... 6 tickets = 100-ish MMC
  • Payout of 97.1968%
  • Megaspinner takes about 2 minutes for the first segment, a 30 minute pause, and then the final round will determine the winner #.. It requires a ton of randomization code. the spin can also be watched live on your web browser (ajax?)
  • Tickets are shuffled 36 times, and a random number is picked (1-36) 100 times -- The most picked random number will be used as the ticket index. numbers are then picked from the index 100 times and sorted from most to least picked.
    A random integer from 1 to 1,000,000 is then chosen -- >500,000 = the most picked will be the winner list, <500,000 will choose the most unpicked list.
  • If multiple entries are chosen the same amount of times, they will have a round-off to be placed in the list from first to last. this may be good or bad, depending on if the list is least picked or most picked
  • The winner's list will then be respun 30 minutes later using a different algorithm.
  • Between the amount of winners: a list of their numbers are generated 50 times randomly.

    A list of numbers are then generated from 1 to 50 until all the numbers equal the same number. This will be the special list used when sorting out the winners.

    **An array of numbers between 0 and 1 will be generated 50 times until they either all equal 0 or 1. [0- most picked, 1- least picked.]

    The numbers from the lists are then tallied up and sorted out from most picked or least picked.

    The payouts will be paid out from first to last.

Payout Division - Jackpot System (2.8032% is kept by the house)
  • < 175 MMC - 1 Winner
  • > 175 MMC - Two Winners - Payout split - 72%, 28%
  • > 500 MMC - Three Winners - Payout split - 67%, 21%, 12%
  • > 1250 MMC - Four Winners - Payout Split - 63%, 19%, 13%, 5%
  • >2500 MMC - Five Winners - 54%, 21%, 14%, 7%, 4%
  • >5000 MMC - Six Winners - 47%, 21%, 13%, 10%, 6%, 3%
  • >10,000MMC - Seven Winners - 43% 19%, 15%, 10%, 7%, 4%, 2%
« Last Edit: April 10, 2014, 05:54:34 pm by Delinquency »