Topic: BitCoinTorrentz.com - Torrent Download Service - page 23. (Read 57203 times)

The only cost I have that can not be paid for in bitcoin is the server itself, which I am paying for anyway, so I think you are probably right. I will keep the prices as they are for the time being.



Yeah, I could do that, but Peter Lambert has convinced me. I am doing this to earn bitcoin, not US dollars. As such, linking it to the exchange rate is just greedy. I will still be generating the same revenue as before. It's just worth less if exchanged, which I have no plans to do anyway.

@cablepair: the server does not limit the speed of downloads. It will upload as fast as is possible over your connection, up to a maximum of 100mbit. It is only limited by your broadband speed and your location (i.e. the route the traffic takes). You could try using a download manager such as FDM (free download manager) that opens multiple connections to the server. This often helps improve the download speed if your ISP throttles traffic over single connections or your connectivity to the server is not the best. I max out my download speed (30mbit) pulling files from this server.

Link sharing isn't something that I would be too keen to approve of, simply because of the fact that the links may end up anywhere. But I can't really stop you. All I can do is ask you not to share the links in a public forum where people will redistribute them ad-infinitum.

So basically, go ahead if you want, but don't abuse it.

To get the downloaded file from his server faster, try what I did and use a download accelerator that supports multiple streams at once.  I was able to get over 1 MB/s download that way.

its a cool service and very slick but I dont think I would use it again simply because although the download speed your service got while downloading the torrent for me was very very good (3.5mbps) the speed from you to me is not so good (250kbps) I have no problem downloading torrents but I was using your service to download this 10 gb torrent faster, and it simply is not. In any case I really like everything else about it and I wish you allowed faster download speeds from you to me! This would definitely have me coming back as a customer.

One last question ? Do you mind if I share this link with others?

thank you

This is answered in the first post, though I think it's wrong and is actually 3 days instead of 7, and the time starts ticking when you start the download and not finish it, as indicated a few posts up.  From the first post:

using your service to download battlefield 3... pretty cool man, thanks

edit: really fast too 3.5+mb


question: how long do I have to download it from you, after you have completed the download?

is there a way to automatically adapt your fees to the BTC/USD?
if so, figure a USD/GB number that breaks even, add x% and update accordingly on a daily basis.

if not: it might help me use the service a little less if you raised the fees :-D

Considering the recent drop in the btc:usd rate, do shareholders think that I should increase the price back to the original level of 0.1 btc/gb, or continue with 0.05 btc/gb for the moment? I would appreciate feedback from anyone, including users of the service - would you be happy to pay 0.1 btc/gb?

@2weiX: I am very glad you find the service useful! Unfortunately though, I have no way of distinguishing between torrents downloaded by unregistered users and those downloaded by members, so the only way to handle the deletion of files is after a standard timeframe. It was initially 7 days, but I reduced it to 3 after a number of users pointed out that it may be open to abuse if the torrents remained on the server for too long. I could increase the global time limit to 4 days though, if you are having trouble downloading the files in time. Or alternatively, just contact me through the contact form on the site and I can extend the time indefinitely for you until you confirm that it has been downloaded.

I will try and come up with a slicker way of handling this in the future though. I have a number of new features lined up for the next major update, which has been in the pipes for a while now. I don't have an exact ETA, but I am extremely busy with work until the end of october, so I don't think I will get round to it until the first or second week in november.

With regards to shares, unfortunately I do not have any more remaining for the IPO price of 0.2 btc, and the site does not need any further investment. But I thank you for your offer. You may be able to scoop some up from the secondary market if there are any shareholders willing to sell. You could put in a buy order on GLBSE for however many shares you want for whatever price you are willing to pay, and if any of the existing shareholders are interested, your order will be filled.

love the service.
one request:

could it be possible to (optionally?) extend the availability from 3 to 5 days for registered members? what with all these new 20+gig HDTV torrents, three days sometimes is a little tight, when you share the comp and thus the bandwidth with the missis :-D




also: interested in investing smallish (getting smaller everyday, by the way things are looking for the BTCUSD). still some shares outstanding?

I offered 200 shares at the IPO for 0.2 btc/share.
I have sold a few more since then, I have checked GLBSE and your math is correct.

Don't worry about returning the dividend. Like you said, it would be an impossible hassle. Let's just chalk this one up to stupidity on my part and a GLBSE lesson learned. I may deduct the excess from the next dividend payout, but it's not a huge deal to be honest. It's only a couple of bitcoin. Hopefully, there will be more by 16th of next month, and the month after that, and the month after that...

hehe. I've been wondering why I received such a huge dividend (0.03038017 BTC per share).

How many shares have been sold? I thought it was only 200, but 8.93177 / 0.03038017 = 294.

I'd be willing to give the too-much-payed dividend back, but that might be quite a hassle, if not impossible, to collect it from all shareholders?

Ahh... well, that kinda sucks. But at least I know for future reference now.
They really should make that more clear on GLBSE!
Can shareholders confirm receipt of their mega-dividends?

Ok, I have paid 8.93177 btc to asset holders, but I'm a bit confused. On the GLBSE client, I clicked pay asset holders, and entered 8.93177. I think that payment was distributed only among the 200+ shares that have been sold, but not to the 700+ shares that I hold myself.

This is the first time I have paid dividends, so I am not 100% sure if I should have only paid profits for the amount of shares held by others? I assumed that the profit would be distributed equally among all 1000 shares, but it appears not to have been the case.

Oh well, I guess shareholders have gotten an unexpected windfall.

If anyone has any experience paying dividends on GLBSE, do you know where I went wrong?

@molecular: With regards to the cost of running the site, i.e. server costs and advertising, I will absorb these expenses for now using money raised from the IPO and pay the gross profit figure as dividends. This server is being paid for by myself and a friend, and it would be otherwise just sitting there doing very little and I would be paying the rental anyway. So for the time being, I consider the server as a personal investment to the service.

@Peter Lambert: With regards to the timeframe for payment of dividends, I don't really think a motion is necessary. I'll just go ahead and make one of those "executive decisions" and pay them monthly instead, unless any shareholders object to getting paid. I think this would be the most transparent way to do it. Plus I have always wanted to make an executive decision...  

Profit per share to date is 0.00893177 btc, which is a 4.5% ROI at my IPO price after 1 month. I will make the dividend payment later on this evening once the transfer to GLBSE has been confirmed.

Thanks for the numbers, those look quite good, I'd say. One question remains: what was the cost of running the site so far and what is the "gain" (having a hard time with english accounting terminology)? What I'm getting at: Would there be any dividends so far?

About dividends: For all I care you could pay dividends quarterly, every two months it totally ok.

EDIT: oh, and don't get me wrong, I'm not complaining about (lack of) dividends here. I didn't buy my shares for that reason, I'm just interested as to how well the biz is going money-wise ^^

It's only been one month, but traffic to the site has been steady and growing and the sales figures are looking quite good.

Total earnings to date are 8.93177 btc, with approximately 221 downloads, equating to about 7 downloads per day and approximately 0.04042 btc per download on average. Some of course download much smaller files, others much larger, and some of those earnings were when the price was more expensive.

There are 39 registered users on the site so far, and 1,719 unique visitors according to google analytics. There are quite a number of users downloading without registering too, but unfortunately I have no way of determining the unregistered:registered downloads ratio. Earnings are 435% above my initial growth estimates, and this is even taking into consideration the 50% price drop... so I would say things are well on track to date.

I said dividends would be paid every two months, but was just wondering if shareholders would prefer I pay monthly instead?

Soo, what's the status with dividends and publishing numbers? Looking forward to see what's been going on

Yeah I have no need for the service and I would guess anyone with say comcast or verizon etc wouldnt need it, but I could see people that want to be anonymous for whatever reasons using it and people blocked by firewalls, colleges etc,  I just figured there were easy ways around that these days.  I remember when I was in college it was tougher to download but figured by now that would be fixed lol.  Yeah the streaming is pretty cool, didnt comprehend how that was working, you are not downloading the entire torrent at one time, kinda different.  Yeah in my case and most I would assume that have a normal internet connection, any torrent can be fully downloaded in a couple of minutes, I download about 10 a day everyday lol so I am a heavy ass user.  Cool concept though, and obviously very affordable.

cool service