Pages:
Author

Topic: Closed - page 4. (Read 10204 times)

legendary
Activity: 1442
Merit: 1001
August 19, 2013, 01:11:57 PM
#44
1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side(Cool and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

3 you said you will dedicate to this full time. 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.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.

1. Most of the tests come from my tests. Primecoin is about 1 month and a half old, so its all relatively new data to all of us, however, I collected that in some small split tests, and the rest is educated guesses.  I must have started this somewhere... this isn't a current exchange gig. This is for those who want to contribute to mining, that are not, and need to hold more coins, and do not want to receive low shares with public pools, and don't have the consumption for solo mining.

3. This line is very disrespectful to me. I really rather not have you investing, if you are going to question my value.

It is like telling the Doctor, he doesn't deserve getting paid to save anyone's life. I may not be in a doctor, but I would like to say, I am one when it comes to Primecoin Mining.

I think that the BitThink meant to say that you're only receiving 1 BTC for all of the work maintaining mining and for the server costs and that you are't getting enough for your efforts.
sr. member
Activity: 294
Merit: 250
August 19, 2013, 01:11:36 PM
#43
Closing this out in 2 more shares.
hero member
Activity: 1008
Merit: 501
August 19, 2013, 01:08:48 PM
#42
Watch  Cool
sr. member
Activity: 294
Merit: 250
August 19, 2013, 12:31:53 PM
#41
Is there a site or tool where you can track daily performance?

Not at the moment. I do not have anything programmed yet in this sense. It is just a main wallet I am using across all servers.

Btw, I just thought about something. There is also immature time for coins generated (it takes about 3 days for coins to clear)..

I am going to still payout dividends (regardless of this) with my own matured coins.

Thanks
Maco
sr. member
Activity: 294
Merit: 250
August 19, 2013, 12:16:11 PM
#40
Why didn't you answer all of BitThinks questions? He has some good points. Let me add a few:

How many servers are actually running right now?

How many blocks were produced in the last 3 days?

When are you going to deploy the next servers? The moment you sell all shares or days/weeks later?

Will the ratio stay at 1 share per 1 server?

About 20 blocks

The servers will be ready in the next 24 hours or so. I have had my servers running for a while. I am deploying an expansion to more servers.

sr. member
Activity: 294
Merit: 250
August 19, 2013, 12:06:43 PM
#39
1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side(Cool and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

3 you said you will dedicate to this full time. 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.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.

1. Most of the tests come from my tests. Primecoin is about 1 month and a half old, so its all relatively new data to all of us, however, I collected that in some small split tests, and the rest is educated guesses.  I must have started this somewhere... this isn't a current exchange gig. This is for those who want to contribute to mining, that are not, and need to hold more coins, and do not want to receive low shares with public pools, and don't have the consumption for solo mining.

3. This line is very disrespectful to me. I really rather not have you investing, if you are going to question my value.

It is like telling the Doctor, he doesn't deserve getting paid to save anyone's life. I may not be in a doctor, but I would like to say, I am one when it comes to Primecoin Mining.
hero member
Activity: 822
Merit: 1002
August 19, 2013, 11:12:37 AM
#38
Is there a site or tool where you can track daily performance?
sr. member
Activity: 493
Merit: 262
August 19, 2013, 03:12:50 AM
#37
Why didn't you answer all of BitThinks questions? He has some good points. Let me add a few:

How many servers are actually running right now?

How many blocks were produced in the last 3 days?

When are you going to deploy the next servers? The moment you sell all shares or days/weeks later?

Will the ratio stay at 1 share per 1 server?
sr. member
Activity: 294
Merit: 250
August 19, 2013, 01:06:40 AM
#36
12 remaining
sr. member
Activity: 294
Merit: 250
August 19, 2013, 12:45:47 AM
#35
I'm in for 2 shares.

Transaction confirmations and XPM address PM'd to maco.

Confirmed!

Thanks for joining.
hero member
Activity: 530
Merit: 500
August 19, 2013, 12:38:49 AM
#34
I'm in for 2 shares.

Transaction confirmations and XPM address PM'd to maco.
sr. member
Activity: 294
Merit: 250
August 19, 2013, 12:00:36 AM
#33
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.



Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.

Welcome aboard.

Yes, after this week, you can decide to join in via coinbase for further weeks of subscriptions.

sr. member
Activity: 294
Merit: 250
August 18, 2013, 11:50:29 PM
#32
2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

I agree, if this can be answered then I will be a potential subscriber

I am already starting to deploy most of the servers... I will finish in about 24-48 hours.
full member
Activity: 238
Merit: 100
August 18, 2013, 11:29:36 PM
#31
2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

I agree, if this can be answered then I will be a potential subscriber
legendary
Activity: 1713
Merit: 1029
August 18, 2013, 11:16:31 PM
#30
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.



Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.
sr. member
Activity: 294
Merit: 250
August 18, 2013, 10:21:29 PM
#29
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.
legendary
Activity: 882
Merit: 1000
August 18, 2013, 09:36:44 PM
#28
1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side(Cool and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

3 you said you will dedicate to this full time. 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.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.
sr. member
Activity: 294
Merit: 250
August 18, 2013, 08:24:51 PM
#27
In other news, I just bought a few XPM at .007 (I've sold as high as .009).

Profitability for this venture may require some care in converting XPM to BTC.  Sell too quickly, and you don't get a good price.  Sell too slowly, and you have more capital tied up.  Either way, profitability is lower.  Somewhere in the middle is a sweet spot.


Good tip.  Thanks for sharing!
sr. member
Activity: 294
Merit: 250
August 18, 2013, 08:10:37 PM
#26
What happens during weeks when you have less subscribers then the maximum?  Can the subscribers expect a larger payout for those weeks as a result of less subscribers to divide amongst?

In essence, yes, since it is less payouts but larger amount from the pool. However, I need to make sure 50 Shares around because I still have to pay for the resources. To answer your question in theory, that will earn you larger coin payout .. or if we don't fill up 20 more shares for this week
legendary
Activity: 1713
Merit: 1029
August 18, 2013, 07:37:09 PM
#25
Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?
Pages:
Jump to: