Topic: Closed - page 3. (Read 10208 times)

This.

8-16 XPM per day was on your web page. A couple of days ago, I asked whether it was based on 200 severs and when could all servers be deployed. You answered yes and all servers would be deployed in 48 hours.

You've done something, adding your own servers, to compensate the delay. But it will not be enough to keep the confidence of the investors if the dividend turns out to be far below 8XPM per day. Wish you good luck and that does not happen.

I think that "for some reason" no one should ever trust you with their money again.

How was it false advertising? enlighten me. Did you know I was running about 25-50 servers out of my own cost, right off the bat? In fact, I mined 3 blocks without using the new wallet yet since I wasn't fast enough to implement the new wallet. I still need to add about 31.55 XPM to the pool. So, before we get a little jumpy, give credit where credit is due. If I was mining 8-10 blocks, and I disabled it for the expansion of these servers, why aren't we a little more flexible on what you say or how you say it? 

And No, I will not disclose server information at this time. You have to understand, there is security involved in this section. I RUN a server farm...
for security purposes, I will not be disclosing financials or server details anything further than what is available from the start.

Thanks for buying, but who said 8 XPM/day is what you are going to earn?  We need to stop jumping the gun so quickly, it has NOT been a full three days yet.

I need investors to grow this.. it is a team thing! and Thanks to all for buying, but do not take offense to my comments. I am transparent and open, but there needs to be a fine line... This isn't just an investment you will see an outcome later, I am bringing in results today. You do not have to wait months and months for pre-orders or anything out of the ordinary.  All I am asking is, provide me some flexibility to do my job, and I will deliver to you all.

Again, Thank you all for investing, and do not take it the wrong way if I am not clear with exact numbers. I would be lying to you, if I did have exact numbers because every minute, that data is turning old. I will have concrete information within a few days.

You have to understand... even if I say something to sounds bad, doesn't mean it needs to be 'bad'... I think it is fine to have less investors, why do you think I set a limit at 50 ? so, if people aren't interested, they can exit anytime without subscription... or they can continue if they are happy. That is clearly a choice of yours. But if you do not try, you don't know... same goes with me... we are all learning something new daily with Primecoin.

The reality is... block earning is going downwards, and if you unsubscribe, but in the future (when I am in full deployment) and you decide to come back, earnings of XPM will have dropped.  Today it is 10.44-10.46 XPM, tomorrow it could be 9... or 8 or 7 XPM (per block) - can I control it? No, I cannot.  It is based on the demand of miners.  

I am filling the glass up with water, without asking for much on your end as a subscriber.  I am giving straight answers more than you think, and my announcement is only an update of what is going, so you all know. I have deployed another 2+ servers since my last post, so consider my last post as old data. It wouldn't be right for me to tell you exactly, when that is just have how many I had 1-2 hours ago.

Note: I have deployed my own READY servers (4+ weeks of my personal server farm -- now dedicated to this project)... This was turned ON after subscribers joined, and the new wallet was added to the base. I did not mention this anywhere, but it was done... how do you think we earned XPM that we did? By the way, I think we would have been at 25-50 XPM earned if I had not had those servers ready from the start. The funds also had a delay which I did not expect to happen. I do not control payment processing, and I have acted quickly on it to fund this project.

Sure, I need subscribers, and I Thank all those who invested in my business proposition.
But it isn't fair to jump into so many different conclusions without even assessing the results yet.

Just relax, data will come... I was making a swift announcement. Thank you all for investing!

x1000000 I knew the ramp up would take a few days but this is like false advertising to me.

I would have bought way fewer shares if I knew this was going to be the case. I figured the 8xpm/day was what we would be generating at the start and then it would progress upward.

If you give me you pool configuration info, what software you use, etc. I will contribute the power of my 3570K @ 4GHz to help, even if it is just a drop in the bucket. Ypool was giving total shit returns anyway especially after their latest share value update.

No, you are being evasive.  Lots of words, not much information.


No, we are currently operating at some specific number of servers.  Is it 95?  Is it 105?  Why not just tell us?


Surely the subscriptions will pay for some specific number of servers, no more, no less.  Is it 190?  Is it 210?  Just divide the total income by the cost per server.


Do you realize how bad that sounds?

Let us help you.  Just give us straight answers.  We'll build the spreadsheets and profitability models, and you can focus on running the servers.

I think we can achieve and pass 10 XPM this week, and maybe I didn't word the deployment part properly. I want to do more than 200+ servers... so, in essence, we are at 5 XPM per share without full deployment (half way there) and we are going to surpass 10 XPM within a few days (I hope)... but rewards are going down too daily, so that is another challenge, but we should be able to overcome that.

I have deployed servers in the beginning but receiving the funds to pay for the servers has been a delay.
We are currently operating at about 100+ servers... and have more to go in the next couple days.

This is just an announcement so you know what is happening. I am the type of person who keeps an open communication.

I've invested my 1 share
If all goes well I'll consider investing a lot more next time round.
I suppose we're at the mercy of the difficulty levels?

I think we subscribers understand that this operation will take a bit of tweaking to get going at full speed, and are willing to give you every chance to do that.

However:


This is simply not true.  Anyone who believes in the long-term future of Primecoin can buy them at an exchange.  A bought coin is the same as a mined coin, and will yield the same profit.

Let's work through an example using a recent price at mcxNOW, namely 1 XPM = .007 BTC.  For the .5 BTC per week subscription, I could buy 70 XPM per week, or 10 XPM / day.  If mining yields more than 10 XPM per share per day, then I am better off mining than buying.

If mining yields less than 10 XPM per share per day, then we are all better off buying XPM than mining.


Divided by 50 shares, that sounds like 4 XPM per share per day.  Can you get this up to 10 XPM per share per day?  Seriously, the subscribers do not need 4 XPM per share per day plus a pep talk about the long-term potential of Primecoin, they need 10 XPM per share per day.

It sounds like you have to rent the servers a month at a time, but the funds are coming in week by week, so you can't deploy all the servers at the beginning.  Is that correct?  If so, you should have told people up front that they would be mining at a loss for the first few weeks.

What we really need is a spreadsheet showing how this operation gets up to 10 XPM per share per day as new servers are deployed.  I'd be happy to prepare such a spreadsheet, if you will give me some information, such as cost per server and XPM per server per day.

Announcement to ALL subscribers that own weekly shares.

We are currently pacing 200 XPM earnings per day. Currently, the difficulty going up at a faster rate,
and earnings of XPM per block is going down, averaging around 10.44 XPM most parts of the day.  

I will begin deploying more servers in the next 48-72 hours + and this will go on day in and out for the life of the shares of 50+

First- I am retracting the Wednesday Dividends since it wouldn't be fair for me, (to dispense coins that are immature) plus, 98% of the shares sold were on Sunday (the 18th) so, it will be logical for me to payout in 7 days. I will still have to handle confirmations (3-4 days maturity waiting period) for most of the mined XPM coins, but I can do that for now by paying out 7 days of the subscription date. I will make an announcement 1 day prior to payout, (Saturday), you can cancel or continue subscribing from there.

Dividends scheduled for 7 days from pay period (majority Sunday night ~ 08/25/2013) or 7 days from your payment day (08/24/2013) for Saturday.

Second- I under estimated the earnings a bit, but then again,
we aren't at full deployment due to a few reasons described below:

1) I do not have all the funds to deploy some more servers. I am waiting for the final funds to come through (for this week).
2) I am still lacking funds to deploy 200+ servers, as for some reason, I would need 2-3 more weeks of funds, I can't cover the costs all at once.

Third- I need all the support I can get! If you, as the investor, could help in anyway.. I would say.. stick around for a bit, and hang onto any Earned XPM coins. I wouldn't use these for current exchange rates today, but for the future resell value that it offers you. For the small investment I proposed, share holders will see a success rate, even at the current rate.  I need your help in riding this out as long as you can! to help me get more server deployments.  After all, this is a private pool, and we aren't on the same program as ypool, trust me, that wasn't a profitable venture for me or anyone I know.

So, this is really the only method available for us, investors, to generate coins. After all, difficulty is shooting up faster than ever, and XPM rewards are dropping significantly... What does that mean for you, and I as early adopters? You can mine without the heavy overheads, headaches, or maintenance that goes with mining, and... you are ahead of the major market that could play a new role into Primecoin, with more users that jump on board, in the near future.

To sum it up, it has been a decent 2-3 days in progress, and I am ready to deploy more as soon as the funds come in.
And anyone who wants shares, you can PM me the amount of shares you want, and I can add you to the waiting list for the next available share spot.

Note: I did notice some early subscriber cancellations. I do not blame you, you want results, and I will bring them, but this isn't a get rich scheme...
we must stay persistent, continuously expand, and work as a team. Primecoin is a long-term coin... I see a horizon for a reason, let's work together, shall we?

Note #2: If you are a Round #1 subscriber, and in the future price per subscriber/share increases to 1.0/BTC + a week, you won't be obligated to pay the difference or subscribe for more of a cost. Only for the amount of shares you pick up at that current pricing state. We need to expand our mining power to earn as much as we can today. That is the goal, before rewards start dropping to 9 XPM per block, 8... 7... 6... 5, etc. So, any subscribers who stick around, do not pay more, if the share cost goes up!

Thank you once again for investing, and lets continue to work together to achieve more!

Thanks BitThink.

Announcement to all:
All shares are sold and unavailable for this week... except for 1 person whom I am awaiting payment from.
If payment doesn't come in today, next person will be sent a message on the waiting list.  (I did my due diligence by reserving it)

Please let me know if you want to join the waiting list for immediate updates when a spot opens up.

Thank you for supporting and investing in this with me. I will keep everyone updated as we progress.
-Maco

Thanks a lot for your helping to clarify. Yes, what I mean is that only get 1 BTC per week for maintaining 200 servers does seem too little. Maco seems said he would dedicate to this full time, which seems not practical to me. No offense intended, sorry if my expression is not clear enough.

PM Sent

There are 2 shares still available. 2 Shares did not complete reserved payment for 48 hours - notification was sent.

Now available 2 Shares. PM ME for subscription link.

Oh, gotchya. I didn't take it that way for some reason.  I got a lot of black screens going on here so a little intense, but I can manage

"But what you get is at best 1 BTC per week - all the maintaing and server costs. I don't think that justify your efforts"

He was being nice and saying you deserve more, ....."at best"   so at the most you will only get 1btc,  that is not enough for all your efforts.   100% that means he thinks you should have more than 1btc.

Reserved 1 for you, that is fine.

I will send you my address now.

please reserve 1 for me, I'll make a payment during the next hour, but I'd like to pay directly in BTC for 1 week subscription, is it OK for you?

Thanks, but it didn't come off that way to me. I would hope to hear him clear that up, maybe I didn't understand it properly.