-[Possibility of FUN announcement]-
Okay, so...
We were thinking... and since mining BURST right now really isn't making anyone anything...
What about if we do this! *drumroll*
-Possibly turn burst.ninja into a LOTTERY POOL! (what is a lottery pool you may ask?)
...how it would work...
1. Miners would mine on burst.ninja pool the same as they always would.
2. A decided upon percentage of the payouts, 25, 50, 75, hell, even 100% if majority approves... will go into a lottery winning fund.
3. You can purchase, or... we'll setup another address where you can actually MINE for lottery tickets only...
4. The winner of the lottery, will be paid out the lottery winner fund, this gives people a chance at making more than they would make in MONTHS mining, in a single week. It also gives smaller miners a chance at winning more than they'd ever be able to mine. We think it is a fun idea, especially since BURST mining is pretty boring right now, we figured we'd spice it up a bit.
So, I'm gathering opinions on this right now, the weekly payouts of burst.ninja pool are very high, as we're one of the largest pools. We were estimating it at around 1.5-2 million burst per week.
This means that if we give 50% of the payouts to the lottery, that's close to 1 million BURST paid out each week in the lottery! IF you setup your miners to mine for lottery tickets instead of BURST, you would have a pretty decent chance of winning, and even if it took you 2 months to win, you won't be able to mine a million burst in that short of a period of time, it has taken my 25TB miner over the time the pool has been running to make just close to 650k. The pool has been running quite a while, too. So the odds of mining a million burst for any normal miner, in anything less than probably 8 months or more, is pretty much impossible.
We think this is a fun idea that hasn't been done before, we think it gives people a reason to mine BURST, we think it gives a reason to use the ATs, we think it gives a reason for people to BUY BURST, to participate in this large lottery, we think it is a good idea, but we would like to get the opinions of our miners, and the community on this.
So, let us know what you think! Thanks!
**the ByteEnt asset miner would be setup to mine for lottery tickets only, to give the asset a chance at winning the lottery and thus splitting the dividends to all the asset holders as well!**
The idea has been shot down. Nevermind.
