Topic: BitCoinTorrentz.com - Torrent Download Service - page 8. (Read 57198 times)

This has been requested before. The workaround was to use "wget -r" or "curl -r" to download all files. Is your computing environment restricted in such a way that you can't make use of these? Maybe there's a browser plug-in for that?

Just made use of this service this afternoon... have to say I'm impressed with the speeds and how smooth everything went.

A thought though, would it be possible to add an option to have all of the downloaded files thrown into a tarball or other archive once it's complete?  I sometimes have to work in a bit of a restricted computing environment and this would make it much easier to retrieve the files after they are finished.

Just a quick update to inform users that the bitcoin client crashed yesterday.
It has now been restarted and the service is operating as normal.

With regards to the changes I suggested, what I meant was to pay out dividends '2 monthly', i.e. every two months - not twice monthly. However, if shareholders would prefer monthly that makes little difference to me personally.

With regards to the price decrease, I guess the service was pretty underpriced, this was an intentional decision to grow the business. When the btc exchange rate goes up, the price should come down proportionally or else it is tantamount to a price increase. If users and investors are happy with the current rates however, then I think I will just leave it static for the moment and see how users react. If however volume is down by the end of the month, a price decrease will be back on the table.


All shares are paid dividends except those I hold myself. I agree though that the GLBSE system should allow me to pay out to all shares (i.e. including my own) and not just those held by other investors.


No, I am not doing that. Bitcointorrentz is not a ponzi scheme.

They can be paid dividends if the Issuer moves them into the "BTC" account, I believe. By default, issued shares by the Issuer go to a special account specifically for the security. If the Issuer leaves those shares in that special default account, then dividends are not paid to those shares. If the Issuer moves them to his "BTC" account, then he will be paid. It's up to him.

imho ALL shares should be paid dividends.
but that's just me.

More shares were paid dividends last month than this month. There are 1000 oustanding shares. In May, 507 shares were paid dividends. In June (a few days ago), 554 shares were paid. Outstanding shares are not paid dividends if they are in the Issuer's account, suggesting the Op is selling shares. I don't see Share Issuance talked about anywhere in the contract or bylaws, though I haven't been following this since IPO.

Your question makes no sense. I suggest you rewrite it.

why the share that is paid dividend on the GLBSE is increasing?

are you selling shares for the money paying out as dividend?

I'm all for it. Dividends every two month is good enough. Even quarterly, if you ask me.

Agreed the sentence can be interpreted either way - over to mjcmurfy to clarify whether we are being asked to consider an INCREASE in dividend frequency to once every two weeks or a DECREASE in frequency to once every two months.

Price wise I would be comparing to this service - https://www.giganews.com/signup
Then add a premium for the true anonymity provided from BTC payment for the service.

Looks to me that the current 0.05 BTC/GB price is about right - attractively low to encourage a building of the user base and repeated custom.

mjcmurgy ...

   What is happening with the server hosting ?
   When does the existing contract end ?
   Is that still being provided by you at no cost to the BitCoinTorrentz.com company ?
   How much longer will that continue ?
   How much further can the userbase / usage expand before it will have to obtain it's own server hosting (presumably at the same location) ?
   Should we consider obtaining it's own server to improve uptime / reliability ?
   Do you feel that is impacting userbase growth / usage at all ?
   Do you think it would be beneficial to increase advertising spending ?
   What maximum monthly increase in userbase / usage could the service (you, the server and the software) cope with ?
   How do you think we should go about achieving that ? (Is part of the driver of your question on whether the price should be dropped motivated by that ?)

   Essentially I'm asking if the price were to drop by an "extreme" amount (P%) and we get an increase in usage of >P% (so that overall profit is greater) - what breaks first ?
      The monthly (?) data limit for the server, the bandwidth limit for simultaneous torrent download, the bandwidth limit for simultaneous HTTP completed file download,
      the software, your ability to deal with customer support issues (questions, complaints etc ...), the toleration of other users / services also using the server ?

   The last thing I would want at this time is to drop the price and see an unsustainable increase in usage resulting in the free server resource being withdrawn.

   I'm trying to think ahead to the company operation a year, 3 years and (ever optimistically) 10 years from now :O)

My understanding was that 2monthly = 2x per month. I would agree, however, that there is no need to reduce the price, and perhaps a price increase should be considered. As a consumer (as well as insignificant investor)... the price is ridiculously low, to the point where I've considered donating just because I feel like I've robbed you - and I'm a cheapskate in the extreme.

What are your projections of how usage will change with such a price change ?

How did usage change with previous price changes / deals ?

Are the Usage Statistics for this month available ?

What are your longer terms plans for the company ? Expansion, new services, new features etc ... ?

My gut feeling on the price is that unless competition for the service appears, the price should not be dropped.
The completely anonymous download service this company provides is still unique as far as I am aware.

Regarding the dividend schedule, given the company is still relatively young, I would be expecting to see dividends (and perhaps more importantly Usage Statistics) continue on the monthly frequency, so investors can keep a close eye on how their investment (and the company and you) is/are performing.

A move to dividends every 2 months would, at this stage of the company, unfortunately, be a driver for me to de-invest, possibly completely.

This month's dividend payment was paid out but haven't had a chance to post the financial statistics till now.

Financial Statistics
Monthly revenue: 12.19448 btc
Dividend/share: 0.01219448 btc
Monthly ROI (at current share price - 0.7btc) - 1.74%
Monthly ROI (at IPO price) - 6.09724%
Total ROI (for IPO investors) - 69.31%

Profit is a little down this month, perhaps due to recent increases in the value of bitcoin or due to large volumes of bandwidth purchases last month that last longer than the dividend payment cycle. I have two suggestions.

1) A moderate decrease in the base cost of the service to 0.045 btc/GB
2) Changing the dividend payment cycle to 2 monthly instead of monthly

Any input would be appreciated.
Would investors still prefer monthly dividend payments?
Do you think the 0.045 btc price level is appropriate?

Got the dividend, thanks.
Please keep up with the operational statistics.

problem downloading "pirate linux.iso"



looks like this for about 30 minutes now

not good

EDIT: a day later now, I reloaded that status page. Download now complete

good

CANT HARDLY WAIT

I use a VPN from China using this service and sometimes it's faster for me that way.

if you were using a vpn, why would you bother using this service at all?

yea I was able to get it to work correctly the second time, I bought 10gb so I can play with it a little bit.

How is everyone's speed on Friday,Sat,Sun?

I wasn't impressed with the speed but, I still really like the idea and will continue to use it just to support a bitcoin business.

The only thing I could wish for would be SSL so the download was encrypted but if you using a vpn it doesn't matter.

I also use Chromium. It sometimes hangs at 100%, but I don't think it's browser related. As I said, when I ask for a re-download on another tab, both downloads complete and provide a link instantly.