Thanks everyone for a great week / Payments for 74 week are on their way. [Exchange rate: 107,300]
Topic: [OPEN] eXch.cx - Automatic Exchange | Sig Campaign | Up to $120/W (Read 21481 times)
January 20, 2025, 09:42:18 AM
January 06, 2025, 05:52:45 AM
Thanks everyone for a great week / Payments for 72 week are on their way. [Exchange rate: 98,800]
December 30, 2024, 05:31:54 AM
Thanks everyone for a great week / Payments for 71 week are on their way. [Exchange rate: 93,750]
I wish everyone a Happy New Year. 🎅
I wish everyone a Happy New Year. 🎅
December 23, 2024, 09:24:25 AM
Thanks everyone for a great week / Payments for 70 week are on their way. [Exchange rate: 95,300]
December 19, 2024, 03:44:40 PM
There's likely countless much worse waste of higher magnitude going on all over the planet on every day of the year worth to complain about than such an overkill show-off during Christmas time. If it's real or some Photoshop job, I don't know. For my personal taste, it's way too much and it doesn't matter if I sympathize with the "message" or not.
I'd rather wish all wars on this planet would end and no new ones will start again. Unfortunately this is a hopeless dream. Let me light a candle, no dreams, no real life... have a good time!
I'd rather wish all wars on this planet would end and no new ones will start again. Unfortunately this is a hopeless dream. Let me light a candle, no dreams, no real life... have a good time!
December 19, 2024, 02:47:41 AM
This is an incredible waste of precious electrical energy.
All that energy could have been used for more noble uses, like mining.
Mining is the only noble use of energy. The rest of the energy is wasted.
All that energy could have been used for more noble uses, like mining.
Mining is the only noble use of energy. The rest of the energy is wasted.
I am pretty sure that's not BlackHatCoiner's house
I am also pretty romantic in a sense that a precious "message" is worth some serious energy consumption.
But, in general, I agree that I wouldn't do it with my home.
ps: END THE FED
December 17, 2024, 05:48:02 PM
Thank you!
Have you decorated yet?
Have you decorated yet?
This is an incredible waste of precious electrical energy.
All that energy could have been used for more noble uses, like mining.
Mining is the only noble use of energy. The rest of the energy is wasted.
December 16, 2024, 06:28:12 AM
Thank you!
Have you decorated yet?
Have you decorated yet?
December 16, 2024, 06:07:16 AM
Thanks everyone for a great week / Payments for 69 week are on their way. [Exchange rate: 104,700]
December 09, 2024, 05:56:46 AM
GM. Thank you, man.
Do not forget to realize your fiat currency earnings at the end of the month.
Do not forget to realize your fiat currency earnings at the end of the month.
December 09, 2024, 05:33:09 AM
Thanks everyone for a great week / Payments for 68 week are on their way. [Exchange rate: 98,300]
December 02, 2024, 09:35:24 AM
Thanks again.
December 02, 2024, 09:33:28 AM
Thanks everyone for a great week / Payments for 67 week are on their way. [Exchange rate: 96,000]
November 28, 2024, 08:52:56 AM
My 2 cents on this: I personally prefer weekly payments, as it's essentially a more fine-grained DCA approach compared to bi-weekly or even monthly payments. Especially when exchange rates are 'spikey', i.e. they change a lot (upwards / downwards) in a short amount of time, it could be beneficial to have a higher payout frequency.
However, there is this fun online calculator which indicates that these two strategies differ just barely, with bi-weekly being slightly superior; we're talking about single-digit or lower percentage differences. I think Bitcoin is just not volatile enough. On paper, whatever we'd save in fees by having bi-weekly payments, would be more significant than any potential gains from shorter payment intervals.
First graph is a weekly investment of $50 from the start of this year:
And here's $100 bi-weekly:
They're almost identical, netting 0.03983BTC vs. 0.04007BTC, i.e. just a 0.6% advantage for the bi-weekly strategy.
If we look at it for just the last 2 months though, it's a bit more significant, yielding 0.00717BTC (bi-weekly) instead of 0.00695BTC (weekly), an improvement of 3%. Do keep in mind that savings through less UTXOs come on top of those 0.6% / 3% gains.
However, there is this fun online calculator which indicates that these two strategies differ just barely, with bi-weekly being slightly superior; we're talking about single-digit or lower percentage differences. I think Bitcoin is just not volatile enough. On paper, whatever we'd save in fees by having bi-weekly payments, would be more significant than any potential gains from shorter payment intervals.
First graph is a weekly investment of $50 from the start of this year:
And here's $100 bi-weekly:
They're almost identical, netting 0.03983BTC vs. 0.04007BTC, i.e. just a 0.6% advantage for the bi-weekly strategy.
If we look at it for just the last 2 months though, it's a bit more significant, yielding 0.00717BTC (bi-weekly) instead of 0.00695BTC (weekly), an improvement of 3%. Do keep in mind that savings through less UTXOs come on top of those 0.6% / 3% gains.
November 26, 2024, 05:48:47 AM
There is also a downside with biweekly payment during bull runs and that is for example the scenario where price a week from now may be $90k but 2 weeks later could be $150k. Postponing the payment means you receive less satoshis since the rate would be $150k not half at $90k and half at $150k 
It is worse if the payment rate is calculated at $99k, and at the time of payment, it is $81k. You would lose value for a hold that is not under your control.As far as I know, 95% of campaigns had a weekly payout, even when the fee was wild. I don't see why it would be any different now.
Maybe someone who wants to have a smaller number of UTXOs can request something like that from the manager just for themselves, I guess that wouldn't be a problem.
November 26, 2024, 03:06:59 AM
It depends on what you do with what you receive.
For those of us who are holding and have no plans for spending the payment any time soon, it would make sense to receive less UTXO in our wallets so that when we want to consolidate or spend the coins, we end up with a smaller transaction.
But that is not what everyone does. Some users would want to use the coins they receive shortly after they receive it, usually for trading. If you look at different campaign payments you can see some outputs have been spent already (3 from last payment, 8 from the one before that, 11 from the one before, ...). Some users even receive their payment directly to their exchange accounts for that purpose.
For these people, receiving payment every two weeks is not favorable.
There is also a downside with biweekly payment during bull runs and that is for example the scenario where price a week from now may be $90k but 2 weeks later could be $150k. Postponing the payment means you receive less satoshis since the rate would be $150k not half at $90k and half at $150k
For those of us who are holding and have no plans for spending the payment any time soon, it would make sense to receive less UTXO in our wallets so that when we want to consolidate or spend the coins, we end up with a smaller transaction.
But that is not what everyone does. Some users would want to use the coins they receive shortly after they receive it, usually for trading. If you look at different campaign payments you can see some outputs have been spent already (3 from last payment, 8 from the one before that, 11 from the one before, ...). Some users even receive their payment directly to their exchange accounts for that purpose.
For these people, receiving payment every two weeks is not favorable.
There is also a downside with biweekly payment during bull runs and that is for example the scenario where price a week from now may be $90k but 2 weeks later could be $150k. Postponing the payment means you receive less satoshis since the rate would be $150k not half at $90k and half at $150k
I am not a part of this specific campaign, but, most campaigns pay a fixed dollar amount per post.
So, it doesn't really matter a lot fiat-wise, but it does matter btc-wise, and in that sense, pooya87 is definitely right.
It's also correct that in a bull run, making payments sooner is better because you get more sats when the price is lower. On the other hand, in a bear market, the exact opposite is better.
Finally, the only aspect that I would consider important, which is against weekly payments, is the fact that more UTXOs require more money to be consolidated. But only if users who receive them, will consolidate them and not use them separately.
November 25, 2024, 11:06:04 PM
@icopress, question for you and all other participants - considering the price of BTC and the fact that there are fewer and fewer satoshis in play every week - would it be logical for payouts to be every two weeks or maybe even once a month?
It depends on what you do with what you receive.For those of us who are holding and have no plans for spending the payment any time soon, it would make sense to receive less UTXO in our wallets so that when we want to consolidate or spend the coins, we end up with a smaller transaction.
But that is not what everyone does. Some users would want to use the coins they receive shortly after they receive it, usually for trading. If you look at different campaign payments you can see some outputs have been spent already (3 from last payment, 8 from the one before that, 11 from the one before, ...). Some users even receive their payment directly to their exchange accounts for that purpose.
For these people, receiving payment every two weeks is not favorable.
There is also a downside with biweekly payment during bull runs and that is for example the scenario where price a week from now may be $90k but 2 weeks later could be $150k. Postponing the payment means you receive less satoshis since the rate would be $150k not half at $90k and half at $150k
November 25, 2024, 04:51:06 PM
~~~
The transaction fee for this week's payment was only roughly 0.2% of the payment sum to the campaign's participants. And yes, currently the transaction fee rates are mostly pretty low, mempools aren't really congested.I'm not sure if I understand why you ask if a bi-weekly or monthly payment should be considered at current transaction fee rates and fiat conversion rates.
I certainly won't have an issue with e.g. 200k US-$/BTC...
lol 
November 25, 2024, 12:16:08 PM
@icopress, question for you and all other participants - considering the price of BTC and the fact that there are fewer and fewer satoshis in play every week - would it be logical for payouts to be every two weeks or maybe even once a month?
I think I know who you are referring to
Some of them are participating in this campaign.
I think I know who you are referring to
November 25, 2024, 09:30:45 AM
This was the last payment tx before the rates changed to $/post and what's interesting there is 5 campaign participants have not touched what they've received at all. Talk about HODL, am I right? 
Some of them are participating in this campaign. Jump to: