[ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 180.

PilotofBTC

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Quote from: melosine on May 09, 2014, 12:17:39 PM

Quote from: VladMaster on May 09, 2014, 12:07:52 PM

Quote from: PilotofBTC on May 09, 2014, 11:56:33 AM

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 Roll Eyes

?

no, it doesn't have to be unlocked and running all the time. And the rate is always the same. You can't maximize profit by leaving it on all the time. I suggest you read up on POS in general.

Is this your personal observation? My understanding is the reason you get Stake rewards is not just because you own coin, but because you keep your wallet online to provide hashing power to the network to confirm transactions. Have you had your wallet closed to 2 or 3 days and still got the PoS reward for those days? (Yes I've read about PoS are peercoin of which this coin is a fork of.)

VladMaster

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Quote from: ReRunRod on May 09, 2014, 12:20:37 PM

Quote from: VladMaster on May 09, 2014, 12:07:52 PM

Quote from: PilotofBTC on May 09, 2014, 11:56:33 AM

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 Roll Eyes

?

Can't mint if the wallet is locked.

You can mint once the network catches you connected.

Exactly

Can somebody help me with unlocking my wallet for ever? I dont know how to do that, theres no option for me, quess it got to be something with console?

I want mint Tongue

PilotofBTC

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Activity: 1736

Merit: 1001

Quote from: AcidReniX on May 09, 2014, 12:20:24 PM

Quote from: vrm86 on May 09, 2014, 11:55:59 AM

Quote from: AcidReniX on May 09, 2014, 10:36:49 AM

19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year

It's 15x more than Cryptsy 24h trade volume Shocked

That's the point. With ShareCoins at 350 satoshis each, it's actually really stupid to purchase FeeShares because it would take you years to get the same BTC back that you would spend in FeeShares. I bought FeeShares as soon as I could and then did the maths and realised my huge mistake. I can't see the 3 FeeShares I own being able to make 0.2 BTC by the end of this year unless the system changes.

How is a 50% return in 1 year stupid?

The returns are infinite if you were given 3 FeeShares worth of ShareCoin as well.

That said, we don't know what the return is because we don't know the current revenue. If I was sure it would be 50% in a year I would buy MANY of them. Also, if the exchange does very well, then the FeeShares / BTC market will raise the price so in addition to dividends you are getting growth.

While everyone has said how expensive FeeShares are, their price has only gone up, against the expectations of many on this thread after the per FeeShare price was posted.

ReRunRod

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Activity: 168

Merit: 100

Quote from: AcidReniX on May 09, 2014, 12:20:24 PM

Quote from: vrm86 on May 09, 2014, 11:55:59 AM

Quote from: AcidReniX on May 09, 2014, 10:36:49 AM

19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year

It's 15x more than Cryptsy 24h trade volume Shocked

That's the point. With ShareCoins at 350 satoshis each, it's actually really stupid to purchase FeeShares because it would take you years to get the same BTC back that you would spend in FeeShares. I bought FeeShares as soon as I could and then did the maths and realised my huge mistake. I can't see the 3 FeeShares I own being able to make 0.2 BTC by the end of this year unless the system changes.

If ShareCoins are 1 satoshi each, SharexCoin would only need 54.79 BTC Transaction volume a year to get your investment back. You would actually make quite a lot of satoshis over a year in this scenario assuming SharexCoin gets quite popular.

I still think the best suggestion made on this forum to do with FeeShare is to share the percentage between all purchase FeeShares (not between 5,000 where 4,800 aren't purchased but between the 200 who have purchased). That would encourage more people to buy FeeShares as the exchange grows.

That's why I started with 1 FEE SHARE. I wan't to see where it goes!

ReRunRod

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Activity: 168

Merit: 100

Quote from: VladMaster on May 09, 2014, 12:07:52 PM

Quote from: PilotofBTC on May 09, 2014, 11:56:33 AM

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 Roll Eyes

?

Can't mint if the wallet is locked.

You can mint once the network catches you connected.

AcidReniX

newbie

Activity: 23

Merit: 0

Quote from: vrm86 on May 09, 2014, 11:55:59 AM

Quote from: AcidReniX on May 09, 2014, 10:36:49 AM

19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year

It's 15x more than Cryptsy 24h trade volume Shocked

That's the point. With ShareCoins at 350 satoshis each, it's actually really stupid to purchase FeeShares because it would take you years to get the same BTC back that you would spend in FeeShares. I bought FeeShares as soon as I could and then did the maths and realised my huge mistake. I can't see the 3 FeeShares I own being able to make 0.2 BTC by the end of this year unless the system changes.

If ShareCoins are 1 satoshi each, SharexCoin would only need 54.79 BTC Transaction volume a year to get your investment back. You would actually make quite a lot of satoshis over a year in this scenario assuming SharexCoin gets quite popular.

I still think the best suggestion made on this forum to do with FeeShare is to share the percentage between all purchase FeeShares (not between 5,000 where 4,800 aren't purchased but between the 200 who have purchased). That would encourage more people to buy FeeShares as the exchange grows.

melosine

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Activity: 112

Merit: 10

Quote from: VladMaster on May 09, 2014, 12:07:52 PM

Quote from: PilotofBTC on May 09, 2014, 11:56:33 AM

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 Roll Eyes

?

no, it doesn't have to be unlocked and running all the time. And the rate is always the same. You can't maximize profit by leaving it on all the time. I suggest you read up on POS in general.

VladMaster

full member

Activity: 140

Merit: 100

Quote from: PilotofBTC on May 09, 2014, 11:56:33 AM

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 Roll Eyes

?

numnutz2005

full member

Activity: 140

Merit: 100

A lot of people are talking about Feeshare, from which I also learned some, I think I will buy some Feeshares

numnutz2005

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Activity: 140

Merit: 100

Quote from: ThomasShapiro on May 09, 2014, 12:01:14 PM

Quote from: seek4dream on May 09, 2014, 11:58:31 AM

https://sharexcoin.com/ seems not work now?

for me it's working !

It is also working for me

ycz

full member

Activity: 176

Merit: 100

Quote from: seek4dream on May 09, 2014, 11:58:31 AM

https://sharexcoin.com/ seems not work now?

Works for me.

atomiclock

newbie

Activity: 15

Merit: 0

this coin is awesome!

lzr1900

sr. member

Activity: 448

Merit: 250

Quote from: jamieb81 on May 09, 2014, 12:01:23 PM

Quote from: seek4dream on May 09, 2014, 11:58:31 AM

https://sharexcoin.com/ seems not work now?

works for me

works for me +1

jamieb81

sr. member

Activity: 308

Merit: 250

Quote from: seek4dream on May 09, 2014, 11:58:31 AM

https://sharexcoin.com/ seems not work now?

works for me

ThomasShapiro

newbie

Activity: 13

Merit: 0

Quote from: seek4dream on May 09, 2014, 11:58:31 AM

https://sharexcoin.com/ seems not work now?

for me it's working !

seek4dream

hero member

Activity: 966

Merit: 501

https://sharexcoin.com/ seems not work now?

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: VladMaster on May 09, 2014, 11:51:29 AM

Got question about LOCKED WALLET:

Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!

I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).

vrm86

hero member

Activity: 676

Merit: 500

Quote from: AcidReniX on May 09, 2014, 10:36:49 AM

19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year

It's 15x more than Cryptsy 24h trade volume Shocked

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: AcidReniX on May 09, 2014, 11:42:39 AM

Quote from: lionheart78 on May 09, 2014, 11:19:11 AM

Quote from: AcidReniX on May 09, 2014, 10:36:49 AM

So it turns out I've been doing the maths wrong. Very wrong. It's much easier to calculate.
TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used.

((Total BTC spent on FeeShares x 100,000) x 1000) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one day.

(((Total BTC spent on FeeShares x 100,000) x 1000) / 30) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one month.

(((Total BTC spent on FeeShares x 100,000) x 1000) / 365) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one year.

So if you purchase 1 FeeShare for 0.07 BTC (ShareCoins valued at 350 satoshi each).

7,000,000 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one day
233333.33 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one month
19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year

i have this investment for fee share 0BTC how would you calculate that? i got the sharecoin for free / bought fee share from it.. thus i already have my roi the moment i bought that fee share.. no matter how small the income , it is counted as profit for me ^^, that's my story.. and other free sharecoin holder, but well if you bought sharecoins, it's a diff story,

Note this line: "TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used."
The point is, you can sell those ShareCoins and make money, so we are giving them a value, even if you gained them for free. The fact that you didn't pay for them doesn't change the fact that you would still be investing something with value.

If you spend 60,000 SHARES on FeeShare, then at 350 satoshis per SHARE your investment is 0.21 BTC, because you can always go ahead and get that BTC now... as it is yours.

it's free and have no value when we got em.. but as i said if you think it that way.. it's another point .. both point of view is valid, and you have seen the price it's your choice to invest or not.. the owner said they wont change the price and it's fix.. and sharecoins and feeshare is diff entity as it was explained on the previous page,

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: vrm86 on May 09, 2014, 11:38:31 AM

What is the PoS annual interest rate? Cannot fint that info.

VV got it Wink

bottom of sharecoin.info.

Interest is doubled if you hold at sharexcoin.com.

Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 180. (Read 293232 times)