I bought 2oz one 2nd-3rd hand. To get in the lottery do people have to do something or it follow the coin/address?
I’m not 100% sure what lottery you’re talking about, but nothing is ever required of Minted Seat owners other than not losing their coins.
They think it's a lottery because only some the coins actually get these "distributions." One would wonder why all seats don't get paid out? Many of us are interested in this answer... but I'm sure you'll delete this post so you don't have to explain the scam publicly.
All seats receive BTC weekly from NastyFans distributions. You can see the amount held for each minted seat here:
https://nastyfans.org/mint.jsonOnce seats reach a certain threshold amount, BTC is distributed to the coin’s address with the weekly NastyFans distribution (closing in on 10 years of weekly distributions with over 700 BTC distributed. You can view the distribution history here:
https://nastyfans.org/distribution.summary.csv). This is to avoid “dust” amounts building up on the coin that would get eaten with a large transaction fee when the BTC is moved. You can check amounts held on individual coins by using a block explorer and entering the address engraved on the coin.
There are 30,000 seats in total and distributions are supplied by mining rewards from my humble mining operation as well as donations from other members, so expectations should be appropriate. Those only concerned with BTC returns would obviously be better served purchasing online digital seats from
https://nastyfans.org than a precious metal coin, but as far as an innovative physical Bitcoin wallet, I think Minted Seats take the cake.
Also, I believe the lotto he inquired about (my response still being valid) is my coming $10,000 coin giveaway mentioned here:
https://bitcointalksearch.org/topic/m.56118909