The original reason for this thread was to find invest-able
BTC lotteries.
I'd like to invest in a few bitcoin lotteries.
Does such a site exist?
Here is the result
Current jackpot over 111BTCInvestments are added directly to the 6 correct number jackpot. For every ticket purchase 50% of house profit (4% total house profit) is given to investors (2% or 0.02m
BTC/ticket). Based on previous draws an average of 20-100 winners can be expected for each draw. Generally these wins are on 2/3 correct numbers. Drawings are held 3x a week Sunday, Wednesday, and Friday. Assuming this means an average of 100 to 1,000 tickets per week you can expect 2-20+ m
BTC to be paid to investors each week.
Investing/Divesting is a bit complicated so let me try to explain it in 4 simple steps.
1) First and foremost profit/earnings are paid to your account balance and can be withdrawn at anytime without divesting.
2) In order to earn 50% profit 1.5 times the investment must be earned. So for example if 1
BTC is invested to earn 1.5
BTC you actually need to to accumulate 1.5
BTC in profit.
3) Here is an example of divesting. 10
BTC is deposited and 1.5
BTC in profit is earned. You may divest 9
BTC for a total profit of 0.5
BTC. This is because profit is always calculated on a 1.5x basis. Leaving the total 10 btc invested will eventually net 15
BTC in profits. However the total of 15
BTC must be earned as commission before withdrawal.
4) Wont I lose
BTC if the jackpot is won?
Here is what the owner has to say
Thanks for trying to explain. I guess my confusion is this, how can investors lose? Is the risk that on a six number draw where there isn't enough BTC in the pot so investor money is used that someone then wins the investors lose some/all of their funds?
Investors don't take risk as even if someone hit the biggest jackpot they still will receive profit until they receive all their investment plus 50%They also have a
free faucet lottery with
more than 1BTC in prizes.
Please consider my referral link https://yabtcl.com/?ref=345Also note Yet Another Bitcoin Lottery has been running since September of 2013