left side - assets exchange
top right add asset button (below navbar menu)
enter the asset id of the purchase ( the pool shares)
etc..
(purchasing shares, how the 'assets' section of the wallet works)
Your Accounting of shares, payouts etc.
thx
I have also set up the startup scripts so in the future restarts by the VPS provider will result in the pool coming right back online
Dividends will begin once a portion of the shares have sold.
The asset number is 11375670541237055652
Paradigmflux, am I reading that right?
You are selling 5,000,000 shares? At the current BURST prices that comes out to 16,700 BTC, or $4,932,500. Seems a bit high, don't ya think?
You will need to produce almost 5 million dollars with your multipool in order for a share to ROI, right?
New to this asset thing, so let me know if I am misunderstanding.
Hey bro,
There are 5000 shares for sale, for 1000 burst per share. It would take 5,000,000 burst to buy every single share currently for sale.
All BURST raised from selling shares will be used to buy hosted mining hardware which will be pointed back at the BURST multipool and the proceeds from it will be distributed equally amongst the shareholders.
The dividends will never be issued to the asset issuer, so the profits will be split equally among whoever has purchased the shares so far.
I do the same thing for NXT and have paid out nearly 100k NXT back as a dividend already. It helps create some buy pressure for the coin, and removes the pool's reliance on independant miners by allowing it to actually run some hardware.
I'd like to buy into this! Can you PM me back with instructions?
Enter the asset number in your wallet. You can buy there. (Asset Exchange is on the left-hand side)
Bought some shares! Hopefully people jump on this quick so we can get some extra mining done
Wait wait. You said that the BURST collected will be used to buy mining hardware.
That implies that you will dump the BURST you receive in order to get btc/USD.
So short term super dump, long term, minimal buy pressure?
So i just issued a asset.. for 1000 burst what did i just do? and how would i buy shares ?
http://wiki.nxtcrypto.org/wiki/Asset_Exchange
come on guys, only 25 shares have sold so far.
we need to raise enough capital to actually buy mining equipment.
if anyone wants to buy shares directly with BTC I can arrange to send you the shares in return for BTC (to save us from having to dump the BURST - we can use the c-cex/poloniex FMV to calculate the conversion)
once we have enough capital to actually acquire some miners we will be able to start paying dividends.
Ill take 5 shares but I have no idea how to do it. Make it simple for me. Keep it to the moron level. PM me or post here I don't care.
Did him accept bitcoin or only nxt ??