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Absolutely not! No problem! We can help you set one up, or you can simply choose a cash equivalent and be paid directly to your nominated bank account.
How you get paid is entirely your choice. Bigger jackpots every day! Simple to play. Fantastic odds. Do I need to be a Bitcoin expert to play?
At the other end of the Bitcoin lotteries spectrum, a whole new version of the game exists — Provably Fair. For those of you unaware, Provably Fair was fist created by the founder of SatoshiDice — a Bitcoin dice game created in Not only this, but it is also possible to independently verify how the Provably Fair mechanism generated its outcome — as all of the data is available in the public domain.
In the case of Bitcoin lotteries, Provably Fair is absolutely ideal. One of the best things about Provably Fair Bitcoin lotteries is that the entire end-to-end process can be verified at any given time.
This includes the exact amount of tickets that were sold, how much was paid, which addresses held a winning ticket, and most importantly — how the winning balls were randomly selected.
The third option that you have at your disposal is to use a Bitcoin lottery website that utilizes a third-party software provider to draw its balls.
Keno is very similar to a lottery game, however, winnings are not based on the number of tickets sold.
Instead, winnings are based on fixed-odds. The numbers run from Prizes and paid when you match at least 3 balls from your ticket.
As such, you can effectively set your own stakes. The second — and perhaps the most important aspect that sets this particular Bitcoin lottery game apart is the process used to draw the balls.
In the vast majority of cases, platforms will partner with third-party software developers such as Microgaming, NenEnt, and Evolution.
These software developers are not only required to hold full gaming licenses, but they regularly have their gaming data audited.
On the other hand — unlike Provably Fair, the gaming data cannot be verified by the public, meaning that the ball-drawing process is kept behind closed doors.
Before you begin playing a Bitcoin lottery game, it is well worth making some considerations regarding your chances of winning.
First and foremost, your specific odds will depend on a number of key factors. Notably, this includes the number of balls in the draw, the number of balls that will be drawn randomly, and the number of balls on your ticket.
However, in order to give you an idea of the underlying odds, we have taken the industry average — which is a 49 ball game with 6 numbers drawn.
As you can see from the above examples from a typical 49 ball game, the odds are heavily stacked against you once you get past the 3 number requirement.
As such, it is crucial to assess how much each corresponding win is going to pay. Probably not. So now that you know the ins and outs of how Bitcoin lotteries work, we are now going to show you how you can get started.
Follow our simple step-by-step guide below to find out how to register and deposit funds at a Bitcoin lottery platform!
Your first port of call is going to be to choose a platform that hosts a Bitcoin lottery game. In some cases, these will be dedicated platforms that specialize exclusively in Bitcoin lottery games.
In other cases, platforms will be a fully-fledged Bitcoin casinos that hosts a range of Bitcoin lotteries alongside more traditional games likes like blackjack, roulette, and slots.
Before choosing a platform, you also need to assess what type of Bitcoin lottery game that you want to play. As we discussed earlier, this will dictate how the balls are drawn.
For example, while some players prefer balls that are generated via Provably Fair, others prefer Keno-style games that are backed by regulated software providers.
Once you have chosen your preferred Bitcoin lottery platform, you will now need to go and open an account.
A pop-up box will then appear asking you to choose a username. Although you have just created an account by simply choosing a username, you should now go into your settings page and add a layer of security.
This can either be via two-factor authentication or email notifications. Once you opened your account and added a layer of security, you now need to deposit some funds so that you can enter a Bitcoin lottery game.
You will then be shown your Bitcoin deposit address. This wallet address is unique to you and your Bitcoin lottery account, so make sure you keep it safe.
Copy the address to your clipboard, and then head over to your external Bitcoin wallets. Finally, once you transfer the funds to your deposit address, the Bitcoin lottery platform should credit the funds within 1 blockchain confirmation.
As soon as your account has been funded, you can then proceed to start buying some Bitcoin lottery tickets.
As you will see from the image below, the cost of one lottery ticket is 0. The Operator pays lower tier prizes from the money raised in sales for the game, with prizes transferred directly to your online player account, and takes out insurance policies for the jackpots.
As a lottery, Bitcoin Lotto compares well to other games as it has far more favourable odds of winning than other options such as EuroMillions and US Powerball, whilst still offering excellent prizes.
The jackpot is worth an eight-figure sum in Euros, but it is the fact that it offers bitcoins as prizes that really makes it stand out.
The jackpot prize being affected by what happens in a Spanish lottery draw may discourage some users and, with odds of 1 in nearly 14 million for the top prize and 1 in 55, for the Match 5 award, this is certainly not a guaranteed way to pick up bitcoins, but the opportunity will certainly attract many bitcoin hunters.
It is easy to follow the value of one Bitcoin online. Coming back to the winning tiers and calculating what the Bitcoin Lotto jackpot is potentially worth:.
One Bitcoin has gone from ca. When the Bitcoin Lotto was launched and now the jackpot is worth more than a staggering 13 million or over 17 million US dollars.
How much more can Bitcoin gain in value? That is hard to answer but there are fact you need to know about Bitcoin if you are wondering yourself — could this actually be worth more than its monetary value in other currencies?
Bitcoin is a crypto-currency which means that it is a form of digital currency. Digital currency means that it is only held and controlled electronically.
All crypto-currencies are controlled eletronically and they are decentralized. This means that no institution controls the currency like central banks in the case of other currencies.
In mining the computing power of a larger network is used to solve problems and give value in the form of Bitcoin.Der auf Gezeichneter Mensch Website angezeigte Grundwert ist in US-Dollar angegeben und wird anhand des offiziellen Kurses eines anerkannten Providers von Kursdaten wie Aktion-Mensch Losgutschein. Der weltweite Bitcoin-Hype hat auch das Lottoland erreicht. Leser-Kommentare
Daher Bitcoin Lotto eine Auszahlung erst dann in Anspruch genommen werden, wie Bitcoin Lotto. - Yet Another Bitcoin LotteryDen Gewinn können die Spieler sich laut einer Sprecherin aber auch in Euro auszahlen lassen.