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Tips for the Bitcoin Challenge

winning might put spring in your step

You know about the Bitcoin Wallet Challenge. Everyone knows about it. Even so, every time it is offered, a substantial number of potential entrants make rookie mistakes.

Do not be one of them. Avoid these mistakes. That way, you have much better chances of winning. For instance the ability to monitor someone's computer camera does not really help. Especially when they do not actually have one, it does not even seem like a convincing story.

Instead of implausible lies, let us tell you what actually helps your prospects in the Bitcon Wallet Challenge.

Improve your odds:

• Pick two or three wallets at random. Most people pick the first or the last, so the comptetion is greater.
• If there is a highlighted wallet, it will offer the largest prize. It will also draw the most competition.
• Start early. Remember that the first entrant with the correct total for a particular wallet wins.
• Avoid the rush. Get your entries in before the last day.
• It is rare to have successful entries before the last week of competition. If you do that, you have an advantage.
• Send your entry to a judge on the list for the current round. Judges may be added during a round, but they will not be dropped during a round unless arrangements are made to forward the entries.
• Remember that the deadline is always at 1300 (1.00 p.m.) Pacific time. Not Eastern. Not Bombay. Not Moscow. The deadline is 1300 Pacific.
• You may see this in the challenge, but it is good advice. If you have more than one entry, send them to different judges.
• You can find older, closed Bitcoin Challenge listings. Some professionals use these for practice to hone their skills.

You should also avoid rookie mistakes:

• Sending in two entries for the same wallet disqualifies both entries.
• Sending in entries for more than three wallets disqualifies all of them.
• If you forget to include the fractions of a bitcoin in your reported total, your entry is wrong.
• If you report the total in dollars, or rupees, or anything other than bitcoins, your entry is wrong.
• If you have an older bitcoin challenge, some of the wallets may have carried over. However, sending your entry to a judge from that old challenge may result in it being ignored.
• Do not try using different e-mail addresses to sneak in multiple entries. Occasionally, even a sponsor will try. Do you really think they will not be found out? Just ask recent disqualified goofs listed below!