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Blitzcoin Invitational: All The Information

Blitzcoin Invitational: All The Information

CHESScom
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37 | Other

The Blitzcoin Invitational presented by The Charlotte Chess Center and Chess.com is an event where top US Chess players 25 years old and under will compete for their share of one Bitcoin.

The 16 invited elite US Chess members will compete in blitz and bullet matches to see who prevails. The event runs from October 27 through 31, with the first match starting October 27, 6 p.m. PT/October 28, 03:00 CEST.


Broadcast

You can watch the event live on Chess.com/TV or on our Twitch and YouTube channels. The Charlotte Chess Center Founder and CEO FM Peter Giannatos and other special guests will provide commentary.

Format

Players will compete in the 5|0, 3|0, and 1|0 time controls, as described below:

Round of 16 and Quarterfinals

  • The entire match will feature a single time control;
  • The two players competing will play a two-game bullet mini-match. The winner will determine the time control of the match (out of 5|0, 3|0, and 1|0);
  • In case the bullet mini-match described above ends in a tie, the player with the lowest US Chess rating decides the time control;
  • The match will last for one hour. The player with the most points at the end of the match wins;
  • If there's a tie, the tiebreaker will consist of one armageddon game, with White having 5|0 and Black 4|0, and Black having draw odds. The player with the lowest US Chess rating plays with the black pieces.

Semifinals

  • The match will feature two time controls;
  • The two players competing will play a two-game bullet mini-match. The winner will determine the time control of the first round of the match (out of 5|0, 3|0, and 1|0); the loser chooses the second round's time control.
  • In case the bullet mini-match described above ends in a tie, the player with the lowest US Chess rating decides the time control for the first round;
  • The match will last for two hours, with one hour for each time control. The player with the most points at the end of the match wins;
  • If there's a tie, the tiebreaker will consist of one armageddon game, with White having 5|0 and Black 4|0, and Black having draw odds. The player with the lowest US Chess rating plays with the black pieces.

Finals

  • Players will compete in all time controls, starting with 5|0, then 3|0, and finally 1|0;
  • The match will last for three hours, with one hour for each time control. The player with the most points at the end of the match wins;
  • Weighted scores will be applied for each time control:
    • 5|0 victories will be worth 3 points each;
    • 3|0 victories will be worth 2 points each;
    • 1|0 victories will be worth 1 point each;
    • Draws in all time controls will be worth half a point.
  • If there's a tie, the tiebreaker will consist of one armageddon game, with White having 5|0 and Black 4|0, and Black having draw odds. The player with the lowest US Chess rating plays with the black pieces.

Players

We will update the list below with the confirmed players.

Brackets

We will post the brackets here.

Schedule

  • Round of 16 Matches, Group A (players 1-8): October 27, 6 p.m. PT/October 28, 03:00 CEST;
  • Round of 16 Matches, Group B (players 9-16): October 28, 6 p.m. PT/October 29, 03:00 CEST;
  • Quarterfinals: October 29, 6 p.m. PT/October 30, 03:00 CEST;
  • Semifinals: October 30, 4 p.m. PT/October 31, 01:00 CEST;
  • Final: October 31, 4 p.m. PT/November 1, 01:00 CEST.

Prizes

The total prize fund of the event will consist of one Bitcoin, distributed as follows:

  • 1st: 0.296 BTC
  • 2nd: 0.148 BTC
  • 3rd and 4th: 0.086 BTC
  • 5th-8th: 0.046 BTC
  • 9th-16th: 0.025 BTC

Results

We will publish the results here.

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