We were paid until the end of December to host the wallet.

All funds are still in their accounts.

The wallet will be reinstated before the end of February and an email sent to all account holders to withdraw their funds within a certain grace period.

Thanks,
Prefinem

Ah, thanks.  I guess I wasn't reading that clearly...

In that case, that would be awesome!

Not to rain on your parade, this is already being done here: http://neuvira.com

Also not saying that a second wallet isn't worth while either...  Competition makes for good business

So, I built a bitcoin lottery site, but I don't have the time or knowledge to market the site and get it off the ground.  The site is 90% automated for selling tickets, and keeping track of everything.  The only thing you have to do is authorize the payout.  

The reason I am selling it is for two reasons. One: I don't think I could get it running because of my lack of experience in this area (I am a developer) and two because I don't have any time to dedicate towards this.  I work full time along with 3 other current projects.

Right now the site makes revenue by taking a cut off the top of the lottery.  I initially ran a lottery when I first built the site and made around 10 dollars at the time to prove the concept.  I just haven't had the time to dedicate to the project.

The lottery is extremely simple to use.  All you have to do is send in bitcoin to the address provided to purchase tickets.  Once a winner is picked, the payment is made back to the winners bitcoin address.  Winner is selected through a verification process that uses outside information to provide randomness and variability.

The site is https://btc-l.com.  I am selling the domain, code, api information, etc.  If you need help, I can install the site on your servers in less than a day.

If you do have changes you want, I will be available to make them or answer any questions you have about the site.  If the changes are really big, we can negotiate a payment to ensure that I get to it right away and fix it.  I am looking to sell it for around 4.5 BTC.  If you are really interested, I can negotiate.

:soon:

48 please

Looks about right.  Like you said, just HDD.

I would say that if you want investors, you should pay them out at their investment rate (ie, if someone purchase 25% of a your hashrate then you pay them 25% of the bitcoin received minus a small fee and electricity rates.) every so often (day/week/month) based on what they choose.

This, a) means that those investing start getting rewarded as soon as they invest and b) will prompt more investment as their payouts are often, they will more likely reinvest their earnings.

So say I have an ASIC, I would put say 100 shares that are purchasable.  Its hashrate is X.  An investor purchases 10 shares.  Their bitcoin amount rate equals X/10*.95 (5% fee)-(electrical costs)/10.  This means that investors don't have to take a huge risk by purchasing small share amounts, the user running the ASIC recieves a 5% fee for maintaining/etc and the initial cost (if there are enough investors) is 0 or close too.

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...
Mikko: 8
FFMG: 26
dr3i: 18
Prefinem: 10
...

Prefinem: 10

@erpbridge

Thanks for the breakdown.

In short, no.

XoreaX and Owen,

I have some EE / prototype background and would love to get together with you guys about a couple of things.  I posted on the G+ group aswell.

Why don't you read and search on the forum (need 4 hours) and make the 4-5 minimum posts requirements instead of asking to be whitelisted.  There is a reason they have the spam blockers in place.

At the time when 30 are thirty people purchasing tickets (actually, well before then) I will introduce no limit daily (or hourly) lotteries.  This means the limit won't matter anymore.

And yes, I understand the upper limit doesn't make any sense in that you can bypass it. I was actually thinking of removing it since you can easily get around it.

Probably shouldn't leave the Temple....


I haven't... I like it here..

I am a Web Developer, I literally type for my job....

hitpoints?

They do list this information

what?

So if you combine LOTR fanaticism and Bitcoin fanaticism, what do you get?
















A Gollum of bitcoins.