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Showing 20 of 56 results by absolutebit
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Board Announcements (Altcoins)
Re: [ANN] [RBY] ★★ Rubycoin ★★ A precious gem for the digital age
by
absolutebit
on 12/05/2015, 04:41:10 UTC

Feeling lucky? Head on over to https://www.absolutebit.com for Rubycoin Scratch Tickets. Users can receive 10 free Rubycoin at a time to play with. AbsoluteBit is 100% provably fair, withdraws are automatic and nearly instant, deposits are playable after 10 confirmations. Creating an account is fast, just pick a username. Low 1.9% house edge!
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Topic
Board Announcements (Altcoins)
Re: [ANN] [RBY] ★★ Rubycoin ★★ A precious gem for the digital age
by
absolutebit
on 10/05/2015, 03:23:26 UTC
Post
Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 26/02/2015, 15:26:05 UTC
http://i.imgur.com/RkWzEPY.png

Great win!

Lotteries that end with fewer players provide better odds of winning, but also a lower than maximum payout. A full lottery of 10 players provides a 10% chance for each player to receive the maximum payout of 9.4x. In this case the odds of winning were 17% with a payout of 5.64x.

what will happen if there is only 2 player for that lottery? will the game still be play? Roll Eyes Roll Eyes

Fewer players provides better odds of winning, but a reduced payout. Two players would be a 50% chance of winning for each of them.
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Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 26/02/2015, 12:58:38 UTC
Site updated with improved mobile and tablet support.

Fun Fact: 12% of users visit AbsoluteBit from a mobile phone or tablet!
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Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 25/02/2015, 15:46:50 UTC
http://i.imgur.com/RkWzEPY.png

Great win!

Lotteries that end with fewer players provide better odds of winning, but also a lower than maximum payout. A full lottery of 10 players provides a 10% chance for each player to receive the maximum payout of 9.4x. In this case the odds of winning were 17% with a payout of 5.64x.
Post
Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 25/02/2015, 10:25:21 UTC
http://i.imgur.com/qmT9dyk.png

Lottery drawing with buy-in of 0.2 BTC is approaching. Current payout is over 1 BTC, maximum of 1.88 BTC. Winner is decided by block 345085.
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Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 25/02/2015, 07:03:47 UTC
well no shit.  I bet .00002 first bet at 1.3x. I won on the 1st ticket. then next 9 I played I bet .0001 at 1.3x and won.  didn't not receive anything


http://i.imgur.com/ff643pF.png

https://www.absolutebit.com/user/410

Your public stats don't show any scratch tickets played other than the bet for 0. The database shows the same thing. You do have a pending game that is still in progress though.
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Topic
Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 25/02/2015, 06:16:11 UTC
I just played 10 scratch tickets and won on all of them and it didn't pay me anything

http://i.imgur.com/FFRp0LN.png

It looks like you played one scratch ticket with a bet of 0. Each scratch ticket has 15 spots. You win by finding 6 Bitcoin symbols before finding 9 X symbols. You can click "Free BTC" in the menu and use that to place a real BTC bet.

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Board Gambling
Re: ★ AbsoluteBit ★ Bitcoin Daily Lottery & Scratch Tickets ★ Free BTC / 10k Faucet
by
absolutebit
on 25/02/2015, 05:26:39 UTC
http://i.imgur.com/ssCtMLs.png

The image above explains how the winner of each daily lottery drawing game is determined fairly using the Bitcoin blockchain.
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 09:12:58 UTC
Also, I can see the withdrawal fee is 0.001

The withdrawal fee is 0.001 btc? That was higher than any casino I know.

http://i.imgur.com/Y8WozQp.png

Thanks for the feedback. The withdrawal fee has been lowered from 0.001 to 0.0002
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 08:33:33 UTC
http://i.imgur.com/bcXnRZX.png

Added "Recent Wins" tab to Lottery Drawings.
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 06:41:45 UTC
Post
Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 04:58:15 UTC
Post
Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 04:37:54 UTC
Really and addicting game! Wish I could deposit and bet smaller amounts because I am a bitcoin peasant at the moment, but the fountain is definitely generous. Definitely my new go-to and glad I stumbled across this on the forum Smiley Nice work!

Playing right now, I really like the concept. My question to you is, is it provably fair?

http://i.imgur.com/SslGnKR.png

Thanks, glad you guys like it!

It's 100% provably fair because a future block on the Bitcoin blockchain is used to determine the winner, which can't be manipulated. Fairness can be independently verified by making sure that the "Block Hash" matches the stated block number.

Open source code is also available to verify each of the available games:

Daily Lottery Drawings:
https://github.com/absolutebit/lottery-drawing/blob/master/README.md
https://github.com/absolutebit/lottery-drawing/blob/master/verify.php

Scratch Tickets:
https://github.com/absolutebit/provably-fair/blob/master/README.md
https://github.com/absolutebit/provably-fair/blob/master/verify.php
Post
Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 03:46:35 UTC
Post
Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 23/02/2015, 02:10:57 UTC
http://i.imgur.com/d8CELzH.png

Congrats to the first winner of the new daily lottery drawings.
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Daily Lottery & Scratch Tickets - Free BTC / 10k Faucet
by
absolutebit
on 22/02/2015, 11:48:16 UTC
http://i.imgur.com/BJGlV3g.png?1

Quote

Provably Fair (Lottery Drawings)

AbsoluteBit lottery drawings use the Bitcoin blockchain to determine the winner of each game. Jackpot wins are also decided using the blockchain.

The block hash used to provide the final outcome of each game is 144 blocks in the future. It's stripped of all non-numerical characters and parsed from right to left until an active player position from 0 to 9 is found, with 0 representing player position 10.

If the first 3 parsed numbers are the same, that player wins the jackpot.

https://github.com/absolutebit/lottery-drawing

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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Scratch Ticket - Free BTC / 10k Faucet
by
absolutebit
on 13/02/2015, 23:23:06 UTC
How long until 9.4x is released? I'm looking forward to it!

It's fun to develop software when users are as excited as you are. I'm on the final stage of testing, UI tweaks, and bug fixing. It shouldn't be much longer.
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Scratch Ticket - Free BTC / 10k Faucet
by
absolutebit
on 12/02/2015, 21:54:03 UTC
It was a very good game, but after you lower the multiplier the house edge is way too high now.
CMIIW, the chance of winning the game (Find 6 BTC before finding 9 x) is 60%. So, the house edge was 4% at 1.6x but is now 22% at 1.3x.


Quote
Most Bitcoin games don't give the player much control over the outcome, it's decided through a random number, but AbsoluteBit is different. The scratch ticket is randomized, but the scratch order (every spot) is decided by the player, creating a large source of semi-randomness based on the players own decisions/intuition. This is also why every ticket is a possible winner– computer generated random numbers don't have the final say whether you win or lose.

Luck plays a much greater role in this game than most. The upcoming lottery game might be more your style: 10% chance of winning a full game, up to 9.4x multiplier, 1% towards jackpot, 5% house fee.
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Topic
Board Gambling
Re: AbsoluteBit - Bitcoin Scratch Ticket - Free BTC / 10k Faucet
by
absolutebit
on 12/02/2015, 21:07:34 UTC
Nice sound on win , is there a possibility to play other game than 1.3?

I'm finishing up a lottery drawing game that provides a 9.4x payout and a jackpot.