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BitcoinTrading.com's 6/49 Lottery Mining Company
The goal of this company will be to perpetually keep purchasing lottery
tickets in the Western Canada 6/49 Lottery with the profits from shares
held in dividend-paying Bitcoin companies and Bitcoin mining hardware.
Essentially we pick 6 numbers out of a possible 49, choosing the numbers
from the most recent Bitcoin block hash to ticket purchasing time. There
are two draws a week, Wednesday and Sunday. It costs $2 per draw per 6
numbers.
The maximum number of draws for one ticket is 25 draws (~3 months), so we
can pay for 25 draws in advance on one ticket. That’s about 3 months, and
would cost $50.
We will aim to buy a maximum of one 25-draw ticket per week, so that on the
25th week when the 1st ticket is on its last draw, we already have 24 other
sets of numbers in the draw and we keep perpetually getting more sets of
numbers in the drawings. If we do not have enough shares sold to warrant
this, we will wait until more shares are sold, or purchase 25-draw tickets
once a month until we have enough funds to buy more frequently. If a lot
of shares are sold, we will purchase multiple 25-draw tickets each week.
100% of the funds received from shares sold will be put into a combination
of dividend-paying shares and mining hardware.
The payouts will be as follows:
70% of winnings paid directly to shareholders
25% of winnings put towards growth fund (more dividend-paying shares and
mining hardware)
5% of winnings kept by operator
Profits from shares and mining will be invested in the following ways:
80% paid into lottery pool
20% paid into growth fund (more dividend-paying shares and mining hardware)