So what is the ultimate goal of BitcoinAffiliateNetwork? Certainly this current business model is not sustainable, lol.
So why are they rewarding pool users with much more BTC than they've actually earned and giving away S3s on top of that? Eventually they'll have to make money the old fashioned way or they'll go bankrupt. What service will they actually be selling? Have they ever made any statements about that yet? If no, why not?
My apologies if this has already been answered. I've only been loosely following this thread because it seems to be too good to be true... and you know the saying behind that.
I don't think he has given a definitive answer but here is one of sobr's posts earlier in the thread.
https://bitcointalksearch.org/topic/m.8407211Thanks for the link. Here's the text from that link...
Testing new code (ideas) that bring considerable efficiency to solving blocks from the pool's side... Need a lot of hashing to test various things... The risk is there... no doubt... but if it works out the monetary rewards are considerably larger than the cost of the bonuses and giveaways... I could be wrong, and I've been wrong plenty, but also have a wake of a of successes where I wasn't wrong.
Risky? I eat risk for breakfast. Just be happy to be a part of something really great.. that myself and a few of my friends/associates have decided to put in many extra hours and cash (that we could have instead just used for additional mining hardware for ourselves or build outs), and saw opportunity in being able to contribute to a community behind a vision (Bitcoin) that we're insanely passionate about...
Sure things are fishy... it's odd... it's outrageous... but so is all this crypto currency stuff...
... never enjoyed the limited selection of pools (which are an absolute necessary to be a part of unless you're sitting on 5-10 million dollars) ... so we thought we'd do something about it ... for ourselves out of necessity/survival... and for everyone else... we took a risk into sharing work from our laborious days, nights, and weekends... that it would trigger an unforeseen path of even greater things than we've ever envisioned by contributing to other people like us. So far... seems like we were right.
Something that began as a simple thought of being a free service.. it's delayed our main mission because it's shown a light on many things.. and quite simply... how important that it is that it needs to exist and flourish.
It's going to be a tough and challenging road. We're working with many exciting individuals and organizations... can't say I've ever experienced this in my own life... and one thing's most certain... there's a lot of room for everyone to participate...
I still don't see what their ultimate goal is. Just exactly what is their "main mission"? Is it ultimately just going to be another pool? It has to be obvious to everyone that they can't continue giving the current perks as it's not a sustainable business model.
He mentions in the first bolded comment that they are testing something that would give them an advantage in solving blocks for the pool. Is this even a genuine thing? To me it sounds like bitcoin alchemy and is frankly alarming.