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Topic: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ BOUNTY AVAILABLE to make BEN merge mineable!! - page 46. (Read 94385 times)

full member
Activity: 140
Merit: 100
Got a few answers for you

Quote from: Paysha.com
We have not yet begun searching for merchants, but that will happen at the same time the site goes live. We don't want to make promises that aren't under our complete control in case they change their minds before we go live. We also have not set a launch date, yet. When it's done, it's done, pretty much. Sucks, I know, but we need to be sure

Vendors will have the option to accept 1, 2, 3, or 4 coins; that will be their decision. We will have support in place to assist those not familiar with virtual currencies, and we look forward to introducing new people to the scene, as well as promoting those already involved.

Prices will be calculated on our site. The merchants just put the dollar amount they want for their item or service, and the Paysha API will do the calculations for them in real time. Prices will most likely use Cryptsy since their API is the most stable for all 4 coins

There are a few unique things about Paysha that differ from other sites. First of all, there is NO MONTHLY FEE at all. There are no hidden fees whatsoever. If you aren't making sales, you don't have to pay a penny to use our site or services. We will be applying a flat 1% fee for all sales at launch, which may or may not change in the future. Our aim is to be competitive with other virtual currencies gateways while still beating both Visa and Mastercard with lower transaction fees to vendors (they typically charge between 1.8% and 4%, depending on volume)

The other selling point of Paysha is to get the community more involved. We would like to offer a finder's fee of sorts to anyone who gets a new merchant to sign up with their code. These will be free to anyone and everyone is invited to participate. Right now, we are thinking .01 BTC to the finder when their vendor processes their first $1000 of sales. Basically we are giving the finder the transaction fees for their first $1000 of transactions. Not only will this help US get more vendors and merchants signed up, but it will allow the community to be involved on the ground floor, as well as give them the ability to seek out merchants where THEY want to use virtual currencies, rather than those we think you want to use. All of this is, of course, subject to change, but that is our plan at the moment

If there are any other questions, feel free to forward them
full member
Activity: 140
Merit: 100
Paysha is making good progress, I hear, as well, so expect some merchants to be accepting Benjamins very soon!

I am stocking up now while it's cheap so I can buy a bunch of stuff later!

I am waiting til after paysha to move any of mine (other than bouncing them up and down a little in the market to increase the number ofc) I am very curious to know what sort of merchants are onboard for the launch, if any and if paysha is going to facilitate, specifically, merchants to be able to take 1 coin, or all 4 coins or what (and how they will calculate exchange rates etc, or if merchants will handle that end?) It would be especially interesting if any decently priced mining equipment vendors are onboard at the launch.  It seems from the trends in cryptsy that the "intro price sell then watch it fall fall fall" of SO many coins has not occurred. Nice steady upswing, and if the hashrate and difficulty go up I am very excited.  

Let me see if I can hunt one of them down
sr. member
Activity: 452
Merit: 250
Right now the value of most altcoins is so directly tied to bitcoin it can be limiting.  As more alts become legitimately used directly for goods and services there will be very much a release valve allowing the value of alts to go much higher  in line with how they are used, designed and proliferated (community). This is what I am waiting for with paysha, is what I mean (to clarify).
sr. member
Activity: 452
Merit: 250
Paysha is making good progress, I hear, as well, so expect some merchants to be accepting Benjamins very soon!

I am stocking up now while it's cheap so I can buy a bunch of stuff later!

I am waiting til after paysha to move any of mine (other than bouncing them up and down a little in the market to increase the number ofc) I am very curious to know what sort of merchants are onboard for the launch, if any and if paysha is going to facilitate, specifically, merchants to be able to take 1 coin, or all 4 coins or what (and how they will calculate exchange rates etc, or if merchants will handle that end?) It would be especially interesting if any decently priced mining equipment vendors are onboard at the launch.  It seems from the trends in cryptsy that the "intro price sell then watch it fall fall fall" of SO many coins has not occurred. Nice steady upswing, and if the hashrate and difficulty go up I am very excited.  
legendary
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
Been watching the market today all day. Seems like someone is trying to hold the price at 5000 satoshis. Whoever it is is steppin over dollars to pick up pennies
full member
Activity: 140
Merit: 100
full member
Activity: 168
Merit: 100
legendary
Activity: 1554
Merit: 1001
Petition for Benjamins [BEN] on Coined Up:
http://redd.it/1y4fo5

Go Vote !
full member
Activity: 168
Merit: 100
I wish I could be that whale.
full member
Activity: 140
Merit: 100
Only 2 BTC on the sell side to double the price. I have a feeling some whale is about to swim in...
full member
Activity: 140
Merit: 100
Sell walls? Which sell walls? Few sell orders at craptsy which appeared instantly again?

Well it's nearly triple what it was this morning so something is going right
sr. member
Activity: 797
Merit: 251
Sell walls? Which sell walls? Few sell orders at craptsy which appeared instantly again?
full member
Activity: 140
Merit: 100
Whoa Sell Walls Being Bought Up, Told you it will be a good day !

The ride has begun! Gotta get back to the top of coinwarz!
legendary
Activity: 1554
Merit: 1001
Whoa Sell Walls Being Bought Up, Told you it will be a good day !
full member
Activity: 140
Merit: 100
I once remember when the pools had little hash now the whales have moved in ... maybee move pool  lolz

All 9 active pools have nice hashrates right now

Here's an updated list: http://benjaminsbaby.com/pools.html
member
Activity: 86
Merit: 10
I once remember when the pools had little hash now the whales have moved in ... maybee move pool  lolz
full member
Activity: 140
Merit: 100
Paysha is making good progress, I hear, as well, so expect some merchants to be accepting Benjamins very soon!

I am stocking up now while it's cheap so I can buy a bunch of stuff later!
full member
Activity: 140
Merit: 100
So that means i get 90 % less So surely that means coins are worth  X 90 % more Is this right




That's for the free market to decide, my friend



Well if it carries on the same way it has been going on I would predict in top 30 of coinmarketcap


That my friend is good ... I just do not understand all the difficulty side of things I know where to point my miner and that is a struggle, Will my miner ever get more coins? or when the difficulty goes up coins go down.



The difficulty will fluctuate up and down. The reason is to try and keep blocks at the target time (64 seconds). If there is less hashpower on the network, it needs an easier problem to solve, so difficulty goes down

When hashrate goes up, the blocks start getting found much faster so they need to get harder to solve

Getting added to Cryptsy last night has us sitting at a stable 50+ Terahash network right now. If the network hashpower stays the same, the next difficulty adjustment in a day or two will be fairly close to what we are currently at
member
Activity: 86
Merit: 10
So that means i get 90 % less So surely that means coins are worth  X 90 % more Is this right




That's for the free market to decide, my friend



Well if it carries on the same way it has been going on I would predict in top 30 of coinmarketcap


That my friend is good ... I just do not understand all the difficulty side of things I know where to point my miner and that is a struggle, Will my miner ever get more coins? or when the difficulty goes up coins go down.

full member
Activity: 140
Merit: 100
So that means i get 90 % less So surely that means coins are worth  X 90 % more Is this right




That's for the free market to decide, my friend
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