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Bitcoin Lotto On this Page: VideoBitcoin Gambling, Bitcoin Lottery, Bitcoin Games, Earn Bitcoin, +18
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. Can you use Bitcoins as regular money for your daily needs and payments?
This is a a very common question to ask by you and also very important one. You might not know how digital currencies work but you need to know the actual value in them.
You can definitely use Bitcoin and other digital currencies for your online shopping and even in brick-and-mortar stores now. All around the world more than stores accept Bitcoin now as a method of payment.
However holding value towards other currencies is not the only benefit of Bitcoin and when you have Bitcoin you also are invested in technology called Blockchain.
All digital currency transactions are anonymous but also everything is recorded. Blockchain is the technology that records all these transaction to a ledger.
Blockchain makes sure all transactions are unique and verified. 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? Numbers from Tue 08 Dec 1 4 21 24 46 2 Numbers from Sun 06 Dec 3 4 6 48 53 10 x2.
Lottoland Bitcoin Lotto. 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.
If two or more people win the same prize, then the pool will be distributed evenly. Most importantly, DuckDice utilizes the benefits of Provably Fair.
You also have the option of verifying this yourself by checking the lottery seed. Visit DuckDice Now. Although Crypto-Games. In fact, the platform hosts just 8 games within its gaming suite.
On top of Bitcoin lotto, this also includes blackjack, roulette, video poker, Plinko, dice, slots, and minesweeper.
In terms of its Bitcoin lottery offering, the platform uses a pool system, meaning that there is virtually no limit to the amount that can be won.
Most importantly, Crypto-Games uses a random picker protocol that is backed fully by Provably Fair technology. This ensures that the outcome of the game is always true and fair, and that the winning numbers can be verified for their validity.
Visit Crypto-Games Now. Although 8bet is a relatively new entrant to the Bitcoin lottery space, its platform is well worth a look. Other than a couple of slot games and scratch cards, the entire platform is dedicated exclusively to Bitcoin lotteries.
It costs just 0. Prizes start by matching just two numbers, with the main bitcoin jackpot requiring players to match all 6 numbers.
The best thing about this particular Bitcoin lotto game is that the bitcoin jackpot rolls over until it is won. At the time of writing, this stands at 4, mBtc!
On top of its main jackpot game, 8bet also runs a free crypto lotto game. Although prizes are much smaller, matching 6 numbers will award you a prize of 1, mBTC, which is great.
In terms of the fundamentals, all Bitcoin lotto games facilitated via the 8bet platform are backed by Provably Fair.
Visit 8bet. In its most basic form, a Bitcoin lottery is not too dissimilar to a real-world lottery. Although there is now a range of variations to the game, Bitcoin lottery games essentially require you to purchase a ticket, which then comes with a set of numbers.
Once the game starts, a certain amount of numbers will be randomly drawn. The overarching aim is to then match as many of these randomly drawn numbers against the numbers displayed on your ticket.
In doing so, you stand to win a real-world prize — all of which is paid in Bitcoin. The pool is made up by the number of tickets that were sold.
By this, we mean that there are different variations to the game. Irrespective of what version you go with, both ticket sales and prizes are usually paid in Bitcoin.
However, some platforms do allow you to collect your prize in fiat currency, if this is something that you would prefer. One of the first-ever Bitcoin lottery games to reach the market was that of Lotto Land.
In a nutshell, this particular branch of the Bitcoin lotteries space draws its numbers from real-world lottery games.
As such, there is no technology required, as the numbers you will be attempting to match are the same numbers drawn in the respective national game.
On the one hand, some players prefer this, as there is no input required from the platform in question. Players know that the offline lottery space operates in a heavily regulated environment, which in itself acts a safeguard against fraud and manipulation.
However, some players prefer to stay away from this branch of the Bitcoin lottery space, not least because they would rather opt for a ball-drawing process that allows them to verify the authenticity of the game.
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.