Topic: Bitmark - page 129. (Read 622213 times)

Well, even though we haven't pushed to list BTM on any exchanges prematurely and no one other than tdokta has offered to sell his BTM(for a very legitimate reason I might add) there is still a minimum implied value which is represented by the cost of production. Which is probably somewhere around 0.00015 BTC at the moment. That is a very rough estimate and someone else can give you a better number but for the most part anyone offering to sell BTM would only want to sell at a markup to that price. If someone were to come on here and offer x amount of BTM for 0.0001 BTC I'd imagine people would be lining up to purchase it at the discounted price. In reality if the real ask price for people who need BTC now for other reasons is probably around 0.0002. The only reason someone wouldn't buy at that price is the fact that it's currently cheaper to produce your own via mining. But if there was some reason that a person preferred not to mine it's almost certainly a great price that will show a return.

edit: the network is expanding rapidly and the difficulty is rising with it as I can see so my numbers are old and wrong. But the general point still stands. Someone else who's currently in the mining game can probably give you some accurate numbers.

almost at the stage for beta testing ... will let you know when we are ready for further introduction of payment systems.

Perhaps I'm putting my miners hat on, but is the title of the post actually addressed by the rest of the post?  As you know I'm fully supportive of all your endeavours here but until there is an actual value placed on BTM, then it is hard to evaluate the whether the other projects like getmarked will be viable.  People, social media, websites, etc, will only adopt getmarked if it carries a tangible benefit. It's all well and good to build all these systems but at the end of the day, if giving or earning Marks has no intrinsic value, people won't bother.

The coin needs to dip it's toe in the exchange market sooner or later to establish a foothold.  After all, if you can't buy or sell BTM then it really does have no value.  My best suggestion is to continue to expand the nethash mining the coin. The IPM project is a good way of doing that.  Exchanges keep a track of these sort of things but a low profile coin like BTM can get lost in the blizzard of "Look at ME" new releases.  A smart exchange like Bittrex will pick up a promising coin (although sometimes they need a nudge).  

We are the developers and community who assist you in your ventures, and you are part of that.

Already we have worked together to find a novel solution to running your miners long term, and far more besides.

If you are developing a community trading site, let us know the details and any potential issues you may see, such as managing reputation and community members, or integrating securely with currency software, and we will do what we can to assist you, while developing generic solutions which can be applied to other projects with similar requirements.

not being a software developer, i cant really help out in those ares, but will work with what i can to get things going.  thanks for the creation of this service ...

real world application; am in the process of developing a community trading site with another project team, will look at integration of getmarked once it is ready to go.

Bitmark's Value
A currency with no initial price tag, and which earns value over time? No exchange? What is it's value?

8 separate partnerships have been formed to set up businesses and services around Bitmark and getMarked.

Most members of the community are discussing Marking with their real world friends who have no interesting in crypto currency, several of them have suggested to set up businesses around it, asked for help to set up mining rigs, or are discussing ideas for things to be built on getMarked and have approached me to ask if I can help with integration. These are real people who do not know crypto, sitting over lunch or beer being inspired.

3 individuals have committed themselves to earning and creating their own full time job within the Bitmark foundation, several others are considering it.

I have reached out to enquire about services to 4 medium to large real world businesses, all of them have taken a great interest in the project and are emailing me daily to discuss what they can do to support and how they can be involved.

60 or more miners are on the network full time, only to acquire bitmarks, and to take all profit in bitmarks not other currencies. 2 professional mining syndicates have committed to support the network and take all profit in BTM. No Bitmarks have been sold.

The community members directly in contact with me daily or bi-daily who are creating things for or on bitmark now number more than 40. With 15-20 spending all their available time focussed on the project and it's offshoots. Nearly every person who has messaged or posted is now involved in some capacity.

Every one of these people, apart from some minor exceptions, plan to use Marks as currency, and also reputation. They are focussed on increasing it's usefulness, using it with others they know in real life and in multiple communities, and can see many ways for them to use it in various avenues of their life.

We are 13 days in to the project.

Now, let me ask you a question, how can this enable you to do something you will enjoy doing? Where will you enjoy using it? Read it and see if you become inspired, then let us know and we will support you in achieving your goals in every way we can.

If you are deeply engrained in the current alternative coin sector, a miner, trader, or investor, maybe our IPM Proposal can be applied to your interests?

Outside of this project there are other issues, for example helping our communities to work with government imposed firewalls.

^{getMarked Funding Goal: 1.11 of 8 BTC, with 1.05 BTC pledged - Get (bit)marks and help make them more useful!}

Agreed, we can begin work on our wonderful marked powered bitcoin.co website in the next day or two. It will have a positive impact on every part of the project I am sure.

Impressive work! Sometimes its so complicated to follow the discussions in this kind of board, If you for any reason dissapear for 1 day you have to go back a couple of pages to get back in track!

I also agree with the M and double stripes proposal, I do agree with Zandinga that it should or could include a checkmark.

I agree thank you for posting that Vald. Allow gave some alternative suggestions after and will be showing us all 3 proposals tomorrow. I have seen two and they are very smart.

IPM Pool Test
The outstanding results from the previous test have been sent, generating 3306 BTM for investors and 174 for the Bitmark Foundation


Medic, Schnotzel both of your investments are complete. Pablo yours is partially complete, Danny yours will begin in the next round.


The remaining investments will fill the live IPM Pool from tomorrow until complete.

Summary of recent topics
1. Bitmark Mining Speed Calculator
2. Solo Mining Documentation
3. Comparison of the Currency Supply of Bitcoin, Bitmark, and Litecoin
4. bitmark.co, getMarked, discourse.org, BeerAdvocate, and more
5. getMarked - providing instant one click viral crowd funding for everybody in the world at web scale.

Extended discussion of 4 and 5 which focus on our adoption plan can be found on previous pages.

^{getMarked Funding Goal: 0.9/8 BTC, with 1.15 BTC pledged - Get Bitmarks and help make them more useful!}

Ok, fine 

BTM takes 721 Blocks to mature, roughly 1 Day.

The rationale for this decision is can be found on the wiki.

thanks a lot. Finally I ve learned how to rent a rig. "a little step for a man a big step for humanity"  
Last question: actually my mined stake is " unconfirmed".. Will it be confirmed at the end of the renting period?
thanks and let s go!

I think the icon should include a check mark symbol as someone has proposed before.

He became inspired and has created something new, I am very impressed! He is putting it in context now so he can you show you all

Have to see it but personally i would  prefer a positive/impulsive symbol. Double stripes = "pay for"  but with "marking" i want to push/ support someone = lot´s of emotions. In exaggerated words: I would give you a "thumb" in youtube but never a "heart" in soundcloud. 
On the other hand i don´t know which symbol we could use. So yeah - M with stripes is fine  

getMarked icon design, feedback request


I have agreed with Allow and asked him to create a visual proposal of this, does everybody agree?

Mining Calculator

After seeing this discussion I've put together a quick mining calculator: http://bitmark.co/miningspeed

I'll make it nicer at a later date, add in any network hash speed in MH/s and click calculate.

update: fixed

With 1.7mhs i am filling like mouse....

in

Network Hashrate
1.3056 GH/s

Regards to all

You are!
Current price is less than 0.001 per MH/s/24H
Look here: https://www.miningrigrentals.com/rigs/scrypt

Perhaps I confused you further...check out Betarigs (https://www.betarigs.com/list?miner_type=1). There you will see the cost of renting a rig at different hash rates