Question about forum finances (again, 2017) - page 2.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: pit2525 on December 28, 2017, 04:17:00 PM

Oh dear, don't want to do that job... basically working for free or even worse, you pay for it...

I'm pretty sure this has been discussed: How comes the decision to develop something new rather than use existing solution and customize?

Would be great if someone can give a short summery on that.

All of the existing solutions do not have the custom back end that is needed for the mods. That is my understanding of the main factor. The goal was to create a new open sourced software with a killer admin setup.

pit2525

newbie

Activity: 18

Merit: 0

Oh dear, don't want to do that job... basically working for free or even worse, you pay for it...

I'm pretty sure this has been discussed: How comes the decision to develop something new rather than use existing solution and customize?

Would be great if someone can give a short summery on that.

theymos

administrator

Activity: 5222

Merit: 13032

I'm behind on the accounting. 2015 is basically done, but I need to double-check it and apply the results of taxes (even when there's a net loss, there may be capital gain taxes). 2016 is still very incomplete: I've had to do half of the work in order to pay taxes, but I basically need to go through everything again to figure out forum balances. Sloppy, I know, but I've been disincentivized to spend many hours figuring it out exactly because the reserves so obviously exceed the expenses. There's currently about 1250 BTC(+BCH) in reserve.

Keep in mind that if I make an accounting mistake, almost certainly the result of this will be that I pay forum expenses out of my own pocket accidentally. The income is almost all very obvious/public, and I have to list all of the expenses that I temporarily paid out of pocket in order to be repaid from the forum income or reserves. So it's very unlikely that I would take too much money.

Here are approximate numbers.

Code:

2015:
Income: About $144,000
Expenses - Forum software project: $849,400
Expenses - Mods and others: About $104,000

2016:
Income: About $178,000
Expenses - Forum software project: $36,260
Expenses - Mods and others: About $85,000
Expenses - Hosting etc: About $27,000

2017 !!!VERY TENTATIVE!!!
Income: About $1,065,000
Expenses - Forum software project: About $159,000
Expenses - Mods and others: About $120,000
Expenses - Hosting etc: About $40,000

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: AdolfinWolf on December 28, 2017, 02:34:36 PM

It probably wasn't millions when theymos put the offer to code the new forum out, it was more around ~275k$ worth of bitcoin.

The price simply increased 10-50fold, hence why it's now more like 10-20 million.

This clearly states theymos had spent around a little over a million dollars back in 2014 :-

Quote from: theymos on July 22, 2016, 12:33:25 PM

Code:

	Forum software project: $1,151,595.23

Quote from: AdolfinWolf on December 28, 2017, 02:34:36 PM

You can see the current state of the new forum here, https://beta.bitcointalk.org/404 Roll Eyes

Don't look at it too long, since you are going to hate every little aspect about it. ( Or is that just me?)

I didn't see an altcoin section, so that's a start but most probably they would add the altcoin section Undecided

. So shit posting can't be avoided?

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: pugman on December 28, 2017, 02:08:52 PM

I have a silly silly question to ask, please do forgive me.
Why is millions of dollars spent on the new forum? This much money spent on the new forum won't eradicate the scammers and scumbags and shit posters away. This is none of my business but still am curious about it. And will there be more number of mods in the new forum at least? And what's the current state of the new forum?
Sorry for the off topic spam here. Cry

It probably wasn't millions when theymos put the offer to code the new forum out, it was more around ~275k$ worth of bitcoin.

The price simply increased 10-50fold, hence why it's now more like 10-20 million.

You can see the current state of the new forum here, https://beta.bitcointalk.org/404 Roll Eyes

Don't look at it too long, since you are going to hate every little aspect about it. ( Or is that just me?)

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

I have a silly silly question to ask, please do forgive me.
Why is millions of dollars spent on the new forum? This much money spent on the new forum won't eradicate the scammers and scumbags and shit posters away. This is none of my business but still am curious about it. And will there be more number of mods in the new forum at least? And what's the current state of the new forum?
Sorry for the off topic spam here. Cry

hilariousetc

legendary

Activity: 2926

Merit: 3051

Join the world-leading crypto sportsbook NOW!

Somebody else requested them earlier this month:

Quote from: criptix on December 10, 2017, 05:17:56 AM

Hey guys,

is there public information about that?
I know theymos auctions up to 9 adspaces for around 30-40k $ per month right?
There exist forum donations.
Something else?

Expenses would be webserver, cloudflare, mods and admins.
How much does this costs per month?

Does the forum make profit? Is it possible to get more paid mods/patrollers in the case theymos doesnt change anything about spammers?

I would be interested to see the figures. Did he ever post the 2016 or 2017 ones yet? Seems you only got 2014 last time:

Quote from: theymos on July 22, 2016, 12:33:25 PM

I haven't finished with 2015 yet.

2014 is as follows:

Code:

Income:
	Donations: $114.78
	Ads: $419,671.12
Expenses:
	Fees & services: $10,886.03
	Forum software project: $1,151,595.23
	Other contractors: $39,297.05
	Mod payments: $104,575.79
	Bounties: $505.30

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: redsn0w on July 21, 2016, 11:03:15 AM

Hi theymos,

I wanted to open this public thread just to ask you if it is possible to post the current forum finances. Basically a thread/update like this : https://bitcointalksearch.org/topic/forum-finances-780707

Thanks for the attention.

Quoting the post of July 2016.

Hi theymos,

is still (or again) possible to know the forum finances updated to 2017 like the last time?

Thanks.

Topic: Question about forum finances (again, 2017) - page 2. (Read 961 times)