Topic: Bitmark - page 115. (Read 622228 times)

Have you decided on a logo for the coin yet?

I send to Mark at : bTcCTUjkBCD5mvVsWquJTvGTv2xxiDaLzt
Net amount: -88.888 BTM
Transaction ID: 78b2332c36e5fec5ff39e29d620b1f000a01cab305bbe85e9b42d58b54a71d8b-000

And to Fondation at : bQmnzVS5M4bBdZqBTuHrjnzxHS6oSUz6cG
Net amount -888.88 BTM
Transaction ID: 607be93c894006bc9ee908c3e0eb7536e38ab7785c146ad4d9201634cdda04bb



Probably i will resolve my problems with electricity today or tommorow and i will put some mining power to the Foundation adress.

regards to all


P.S. keep in the minds that If we have no stressed dev,we all get benefits and success.

There are also miner pools with multiple stratum ports at different difficulties, where fees go to the foundation. Multiple existing miners want to mine for the IPM Pool at BTC cost, then take all profits in BTM on those fall over pools. So they'll mine to cover 32 hours of BTC running costs, 24 hours for the investors on the IPM Pool, and then 6 hours for pure profit BTM on the fall over pool.

I've implemented it in such a way that miners can hook up to a multiport, when there are BTC investments they will be switched over to mine for the investors and receive BTC, when they're switched back they are on BTM for themselves.


Almost, it's released this week. It's a little more than the standard website more of a useful informative hub. For now there is a great deal of information available by following links from the OP.

Is there an official website?

I thought the IPM was for people who didn't have hashpower and rented hash through the IPM.  What about people like me that don't have to rent hash?  Hence the pool idea.

Good idea, It's already created and going out this week.

The IPM Pool has two little sliders, one to donate a percentage of BTC to current development, and the other to donate a percentage of BTM for future development. On the reverse side miners who sign up can choose a BTM percentage donation which goes to the foundation too.

The BTM sliders have minimum amounts, the BTC one is totally optional.

I am unconcerned about having a well funded foundation with lot's of BTM, we have set things up in such a way that it's easily achievable. The problem is more me personally these first few months.


Yes, this has taken quite some time to produce all the charts and stats needed, NOMP is quite bare to begin, but much more stable technically.

_{Price looks a little healthier today, perhaps comfortable taking on some more very much needed developer loans}

Neleonele - Great Idea, Thank you



Great, thank you. Perhaps we can add this to the IPM. Let us ascertain if this is a viable option.

In the meantime, I shall lead by example. Below is Mark’s BTM address. I have just sent 50 BTM to him. Here is the Transaction ID: f614b97ff7d0cd279eddb49dd1a3b88da29aeb509c8cfe771d7ded51596d8a91

Mark’s BTM address: bTcCTUjkBCD5mvVsWquJTvGTv2xxiDaLzt

Edit: Mark's response hit just before mine and, of course, refers to the IPM.


Firstly, as I see it; what Mark really needs is cold hard BTC to pay bills, meet expenses etc. to enable him to throw all his time at making Bitmark what it deserves to be. Passing 1 BTM each miner is an honourable proposal but I do not believe this is what Mark truly requires.


Another good idea but for the fact that we should really continue to spread our mining across the active pools.

That is fair.Please vote.

How about this for a fund raising idea. Either an official pool where all the profits go to Mark or failing that make an agreement with one of the existing pools to allow us to have an option in our account to donate a % of our coins to the foundation (on top of the existing pool fee).

As an example, say xHash allows us to donate 0.5% on top of their 1% pool fee.  They lose nothing, in fact they probably gain a heap of hashpower as we would all mine there, which equals more profits. A win-win situation.  If the idea flies, please make it an mpos pool, I hate the lack of stat feedback in nomp pools.

If we(miners with 15mhs and more) all give just ONE BTM per day to the foundation,thats it!
That is possible and 1BTM doesnt make us reach......

So people lets donate to this great project....


Regards to all

Funding is still possible if our community can come together and provide donations. Mark you have brought us together and this is the least we can do for you. Besides, donations will facilitate your ability to continue working hard for us "Protect Bitmark" and our future Marking initiative.

I hope the community sees the value in Donating the required Funds. Mark's work is a direct reflection of BTM's earned value. By funding the project you are also directly funding your personal BTM investments.

So now we're already 250% up on when I posted. I think funding may now be impossible

I have realised that this project may impede me yet again.

It is becoming apparent that the majority of you will not let go of your BTM, and that each time something is said or released, it further cements your convictions.

This week we will be releasing the Website with tools and the IPM Pool, combined as one. There are also two interviews going out, and then a feature in a weekly newsletter.

Quite simply it may be the case that demand will increase, pushing the price-tag up, possibly making it difficult for me to acquire the BTM to secure any further developer loans, or if I did acquire the BTM then the price would need to double again from my average acquisition price at that time.

The price is already up 65% from when I made the offer, and demand is outstripping supply, after releasing things this week it may be another 65%, and then I/we would need to produce work which doubled or more it's value from there within 45 days. If you follow the calculations and assume an average acquisition price that ends up in requiring a lift of four or five times the current price-tag, and 500% more than when I made the offer three days ago.

If this week goes as it appears it will, and then I receive another offer I may be forced to decline. I can say reasonably that yes I am comfortable working to double the value from around where we are now, but perhaps not from where will be at the end of the week.

If anybody is considering funding me, please take the above in to account.

This is becoming quite a pain, I just want to work, and do not want to have a thread full of this topic.

On a positive note, thank you to the two people who already provided loans, the above has a very good outlook for you.

Mark

Yes, the block maturity time seems to be working out well and helping with stability so far. Good idea on your part.

There is on the new website, I created that bit last night.

Published the newly skinned block explorer together with API details. It will be staying on port 3000 for the short term future, a few weeks at least, until everything is migrated from apache to nginx.

Difficulty on network is high, hash rate has halved, the market has dropped a little but not so much. I think just enough such that the blocks mined yesterday at a huge hashrate will have their reward profitability decreased by the time the rewards are matured and able to be sent to market. Mining profitability on the short term really doesn't work with such a long maturity, I'd recommend ignoring such figure in future for the best performance of both network and miner investment.

edit: batesresearch, thank you. The website is far smarter, I hope you'll agree

_{If anybody else would like to take up the funding offer a combined total of 5.5 BTC interest bearing and guaranteed developer loans are still required to help me work on this full time for the foreseeable future.}

Just to say nice job with the block explorer skin.

•   I would like to remind everyone that mining is most efficient when conducted over extended time periods. You will average more BTM over 2 - 3 days, then you will with short mining bursts with high hash.
•   Doing so will provide a healthier network for the community, while avoiding large difficulty fluctuations

We have a bot in IRC that has all those statistics. http://webchat.freenode.net/?channels=bitmark

Also I'm sure the website will have something of the sort since the API's are already done. If not on the launch then probably shortly after since it's something that wouldn't take very long(I think anyway).

is there any live difficulty indicator? when retarget happens(remaining blocks) i know it retargets every 720 but i wanted something that shows the remaining blocks until next retarget.