Topic: [ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming) - page 190. (Read 790416 times)

Thanks for the answer. And just to be clear: When you say risk you mean simply for instance tying up too much SPR so you earn less (because you could have had multiple SNs), and not risk related to any other loss factors I should be aware of? Like if SN reputation, kick rate, stats or similar affect earnings negatively in the long run?

Thanks for the answer. And just to be clear: When you say risk you mean simply for instance tying up too much SPR so you earn less (because you could have had multiple SNs), and not risk related to any other loss factors I should be aware of? Like if SN reputation, kick rate, stats or similar affect earnings negatively in the long run?

Yes, collaterals aren't "payments to someone" (that this someone might take away from you).
No, they are basically "tied lookup addresses" that the network/protocol will constantly check to see if you match the criteria.

Yes, there is a spread between less risk and more reward! It's up to you to find out what suits you best.

Looking into recent negative experience of pokeytex, to lower possibility of it re-happening I suggest simply having md5 signatures of wallet binaries posted at multiple semi-decentralized trustworthy sources: first page of the thread, download page of spreadcoin.info, etc.
Letting a user instantly identify how safe is the wallet binary downloaded from anywhere on the internet.

Servicenodes

I understand that when you place a certain amount of SPR as collateral, you get a SN seat (so long as you are not the weakest link and thereby "kicked" when someone outbids you). Do you lose any of this collateral in the event that you are outbidded? If not, then it's just to increase the amount and go again, right?

In theory, I guess you can put all of your SPR as collateral to secure a seat, but the drawback will be that you have no SPR left to run several more SNs, thus making it less lucrative. Am I right? Just trying to work out the mechanics here...

Servicenodes

I understand that when you place a certain amount of SPR as collateral, you get a SN seat (so long as you are not the weakest link and thereby "kicked" when someone outbids you). Do you lose any of this collateral in the event that you are outbidded? If not, then it's just to increase the amount and go again, right?

In theory, I guess you can put all of your SPR as collateral to secure a seat, but the drawback will be that you have no SPR left to run several more SNs, thus making it less lucrative. Am I right? Just trying to work out the mechanics here...

BI? -->Link

I think the only way we can do this bit is to give away a few secrets...

[1. The data market is the data market. People will be able to subscribe on a monthly basis and pull data out as and when, provided they remain subscribed. Lets say $300 / month per region and $1,000 / monthly globally?]

 #1. Ok, what kind of 'data' are we talking about? Transaction? Is it just bitcoin we offer data on or all coins?
     What exactly would a $1,000 subscription get you?

{How many customers? That's the big question. How many banks are there; how many insurance firms; how many mobile phone retailers; etc.}
 
 We can only speculate with a conservative outlook.

[80 national (in total) /20 global customers in the first year, and an annual growth rate of 100% thereafter? We can't go into why that number makes sense to me, just yet.]

 #2. How did you come to the conclusion of 80 national/ 20 global? Can you point to and existing example  or explain where you get the figures from? I just need more clarity on this issue.

2. BI tools. We are aiming for affiliate / partner fees from people that buy BI tools via SPR.  Let's allow $10,000 for the first year in affiliate fees, and then $30,000 for the next two years, with a growth rate of 30% pa thereafter.

 #3. Whats a BI tool? lol

3. Hosting provider affiliate fees. While we can't recommend anyone, there is no reason why the network can't earn a referral fee.

 #4. How would referrals work on the network? I can understand individual node owners taking fees, but how would the network? How would it propagate referrals exactly?

We will be aiming for top draw bandwidth, so none of that $5/ month hosting stuff. We're talking $15/month going up to $100/month for the very best hardware and bandwidth.

How many nodes * 15% referral fees.

This also gets you an idea of costs.

4. Sorry can't say just yet.  Allow $100k to $150k per year back to the network, $30k in the first year.


Costs

1. So, monthly hosting. $15/month, but as node competition picks-up and the blockchains increase in size, we'll have to think about allowing for $40/month, then by year 5, $100/month.  You wouldn't scale up, though, if the income wasn't there.

2. Bookkeeping, accounting, tax. Allow $750 / year up to 10 nodes. Allow $1,000 for more than 10 nodes.

3. Escrow fees for monthly subscribers.  1%

4. Percentage sent to Bitcoin miners. Not sure yet. Let's start with 10% and aim for much higher proportion as node gross margin grows.

 #5. I don't understand why we'd need to give anything to Bitcoin miners?

ServiceNodes gross margins - lets say 50%? We'll have to work through that as the numbers get worked up in your Spread - sheet. Could be more, could be less.

5. Marketing contributions. Lots of people say businesses should aim for 10% of income. But we'll need to take a close look at that - more in the earlier years, less as the project gains traction.

{6. Dev funding contributions. Let's park that for now.}

 1%?

Thoughts?

I have 0 knowledge about. If you could feed me numbers on potential income apart from coinbase reward
I can start to play.

I wonder if wolf0 could make an OP vangen miner and mine that address  

Especially the big bad Wolf0. He's got a great amd miner, but you need to figure out the magic words to get hold of it.

gen=1

is for the inwallet CPU miner.

so pls spare your poor cpu and put it to gen=0 again!

gen=0 signifies the wallet to NOT generate coins ...

solomining requires you generate coins within the wallet - so change that to gen=1 ...

its been a while since ive mined spr - and it was usually spreadminer-spmod ( nvidia ) that i mined with ... i could never get the amd miner to compile and work ... so if there is any help current miners would give - that will help you a great deal ...

lots of talented people in this thread ...

#crysx

......
lots of talented people in this thread ...

#crysx