Ok so what their saying is people who donate are buying them hardware. Each big unit costs $1,500 per unit shipped to them. That their will be enough to buy them over 800 units that generate $250 to $300 per day. So here the math on how much they generate a day.
Low side $250x 800 = $200,000 per day.
High Side $300x800 = $240,000 Perday
SO their company make over 6.72 Million per 28 days
50% of that goes to the members so 3 million odd per month.
I can see what is going to happen their but I will save that for later.
Revenue will be generated through advertising, premium communication services, payment processing, currency exchanges, sales of books, sales of music, sales of movies, and many other income producing mediums. Members simply earn money by using the FREE technology.
Some of our FREE services will include:
Communication with anyone, anywhere in the world, including unlimited global telephone calling
Access to the largest database of music, movies, and books on earth
Global payment processing, currency exchange, and banking with NO FEES
Much, much moreGood luck with that then selling books, movies and many other mediums. Then if their doing this then will need to have royailitys and copyright rights to re distribute films and music books same sort of process.
If a business if using free service and selling the above as you claim then it will not able to sustain its self due to growth and will need more sales from public in order to even generate a good stream of income.
Nowhere has bit mining been even mentioned to do with the revenue streams they have talked about.
well it has been as tho they are talking about hardware in some of the updates that where posted in the updates, So in terms of hardware what else would they actually be talking about. None the less it does not matter to me as I have my own business coming out this year. I was very interested of joining here and been a part of it however the more I read and the more gets posted ill pass on the idea until someone actually posts from bitcoin talk their making an income off it.
1 I will do that when this is proven to be legit.
2 Well when I relise this is not a scam I will take back what I have said on here. Until that day happens I will keep my posts as is. If it turns out legit then so be it and ill get over 500 people in to this even more untill I see that this is 100% legit I wont even bother to send people to this place until its proven its self to be here 3 to 6 months down the road and proving it is legit.[/quote]
Re-read and realized I didn't really answer some of this.
Looking at your figures for bit mining, if they are for real, maybe they should do that, looks profitable.
You mention about with membership growth diminishing returns. That is a fact, there would be however the first 250,000 positions are part of tiered levels that have certain % in the revenue pool and membership of these pools does not increase. That means that anyone with those positions will see increasing returns if revenue increases. Those outside the first 250,000 would possibly have diminishing returns.
Royalties - well I don't know their plan with that, how they are going to do things. I spose more details will come out later.
If you were to get 500 members in yourself you would get close to 100BTC in referral commissions.
Guess we will see in 3-6 months.
