Topic: [XPM][PRIVATE SHARES - CLOSED] Solo XPM Mining Contract (Read 3772 times)

I'm kinda curious why you have so many posts about this.

I replied to one earlier today, then when I searched again I found this one as well.

Having so many threads on this subject starts to emit an odor.

From your final comments I can see your one of the good guys out there. I have some ideas of my own and will send you a pm in a few days when I have some sound numbers behind them.

NEWEST UPDATE AND ANNOUNCEMENT:
I have an announcement - First, Thank you for the support so far! Sometimes, I can be good at what I do, presenting something or sometimes I cannot.
This is life - we live, and we learn. I think I undervalued what was going to happen, and math wise, I don't think you had seen any benefits, and I can understand that.

So here is what I did in the past day - I setup some extra servers with my own investment, and I am going to do this alone for now until I can prove the
expansion has helped, and maybe next time, it will be with better expectations and proof of results in my speculations or predictions in the expansion.

I was wrong in doubling or possibly tripling. I have seen a greater impact of results with my latest tests, optimizations, and server expansions.
What I didn't realize is... by enabling the expansion of servers, I was able to produce more blocks, at twice the rate. (due to multiple methods I have figured out...)

The server isn't the key to the aftermath.
My mission with this project was to step out of the calibure of producing  8-10 blocks a day. Well, I doubled that with my short period of test (hope its not luck) without full setup of 50+ more servers.  I would like to think, my optimization and time has not been wasted for over a month now (Daily for 12+ hours -- now I am seeing it pay off.)

What stopped me?
It looks like I have some of the funds to acquire most of the resources to deploy this plan.

Before I lock this up,
I will give you all a major tip that has made me realize one thing (as far as my recent tests have shown, I was able to increase Chainsperminute and chainsperday with just more deployments of servers and few extra optimization. To sum that all together, I am grabbing blocks at a faster rate, and if I continue to enable more servers with some new optimizations and tweaks, then I would see more than 3x or 4x the results as displayed here. But my test has only been for 1 day, let's see what tomorrow brings...

Sorry if you really wanted to join this, and sorry that I made it sound impossible for you to profit. I guess my vision this time around was to undersell the value, and over deliver with results, and get more 'subscribers' for expansions. Maybe after my tests, I can show you all some results, and keep you updated on some more tips that you may implement on your own. For now, I am not ready to move forward with this deployment with the public. Thanks for understanding and thanks for spending the time to read my long thread post.

Please feel free to directly pm me with questions.

My calculations were similar. You will probably just about break even if you did it by yourself, however, having someone take a free share just makes this a loser for all those who invest, the only winner is the operator of the servers.

It sounds interesting and I like the idea of a short term service contract.
My criticism would be that you are putting all your eggs in one basket only mining XPM.
I would be interested if you offered (leased) hashing power on a more diversified range of currencies as it looks like you have the possibility to do that solo mining. That said, it does look like a fresh approach to mining contracts.

Hi,

I did a bit of math and I wish I could get my math to work but I can't.

Also, if you would release a bit more of a plan for your shareholders that would be better. Furthermore, shareholders is usually a one time investment not a recurring investment. The sales of the coins should contribute to the health of the operations. Asking for subscriptions means that the operation isn't healthy on its' own.

By my math 50 servers would net about .11 BTC / subscriber / month assuming increasing difficulty and decreasing XPM rewards per block and a static 0.008 conversion XPM to BTC and 50 servers.

Even going to 100 servers would only go to about .22 / subscriber / month.

The curve here really screws with a lot of models.

MD

I misunderstood before as my understanding the word shareholder is someone who has bought and owns shares in the service/business and so has share of the profit/loss/dividends etc and can also sell their share to someone else.

I understand what you mean now but i think a better term would be "subscribers" then shareholders if people will only paid as long as payment of 0.5BTC is received each week (please correct if i'm mistaken here).  
An the total BTC received by the would 50BTC/month if limited to 25 people, i don't see how there could there be enough XPM mined make a profit for any of the subscribers, only the service provider who profits from the BTC coming in only.
 

I don't see any benefit buying those "share". It's more like a subscriptions.
You will gain more XPM trading your 0,5BTC on a exchange.

It could be less, or it could be more. I don't want to commit to anything because it is sort of 'staging' answers, which we know isn't true.

This doesn't launch today (it could be a weak from now until all 25 is reserved) - so your exchange rate calculations will not be accurate tomorrow.

My guess is, double what I am doing or more, if cost allows for me to expand for more resources.


@digit
I do not understand your first sentence.  

Not sure if I put too much info out in one thread.  It is certainly hard to call it what it is... maybe I should say, group buy?
but it is share holders in a sense because our group buy of servers -> leads to mining -> and shares go out (just like a pool) and divided among investors.

Call it what you want, but I am not trying to be misleading. What would you call it?

Is it possible to divest at a later point the BTC?  It seems a bit misleading using the term "shareholders" for this

Hmm so if your averaging say 100xpm per day with 50 servers, you should average 200xpm per day when you add in another 50 servers funded by the shareholders.

200xpm ÷ 26 shareholders = 7.69xpm for each share holder/day x 7 days = 53.84xpm per share holder per week?

54xpm at current exchange rate= 0.485btc.

Does that sound right?

@vinne81 - that is exactly what I am doing - I am still mining on my own servers. 

however, I do not have the funds completely to do it alone, and as wide-spread as I am planning on taking it.
 
In fact, I am gaining 1 share for me efforts plus seeing more possibilities of growth for not only investors,
but myself included. We all take a piece of something together. It isn't always about greed or ownership.

I would love to own 100 - 200 or 500 servers, but would I be able to manage alone? I couldn't do it alone.

I may be onto something or I may not be... we can find out soon. This is instant gradification.
There is no need to wait months for equipment or hardware or delivery or development.

I am ready to deploy once 25 share holders (reserve their spot). I will set a date when everyone makes a payment, and we start from there.

I probably don't understand everything, but when I see proposals like these I always think: why would you want investors? Why don't you just expand your operation and keep the profits (that you would pay to shareholders) for yourself?

I won't be investing 100% of the funds into new equipment and expansion of hardware/servers right off the bat. I am doing those earnings now, so I would basically be adding some of my servers to the investors (for my shares) plus another 50 servers on behalf investors, and if 50 do not work in the day or so, I can scale up from there. Think of it this way, I am taking a larger risk than you can see.  Again, its hard to estimate anything at this point. If it works, you stick around for more weeks, if not, you can cancel.

Let's put this in reality perspective: This is sort of like, renting condominium, apartment, or home. (Usually rentals charge first months payment and last months payment - landlords take this from you, immediately upon entry. ). The difference with this contract and a home, is you don't pay association fees, power/electricity, remodeling (if allowed), furniture inside the home, etc. I am not giving you a fully furnished home for a weekly rental (shared earning) contract. I hope I didn't confuse anyone

In this sense, I am investing to work in generating everyone shares of what I am doing now plus what can be earned.

Let me be clear: You will not be owning anything or getting any hardware yourself.
You are utilizing my services for any connections, time, resources, utilities, etc to get you started (renting per week basis).

I have to manage funds as I wish, and manage for first and last. I still have my bills if a share holder drops out, which means I have to still pay those bills no matter what, but not the share holder if he/she drops out after the first week. This is clearly up to me on what I do, and how much I invest into it.

I am expecting to match what I am doing now, which is why I said (double). So In terms of increasing the mining infrastructure, I would say at least 50% or more. Again, I do not like to guess, and do not hold me to this. This is clearly a test run for all of us, including me. Bitcoin has been out for 3-4 years now? Primecoin has been out for a little over a month. I can't say exactly what will transpire, except look at the results of my own, and hope we can all benefit from this project/share holding plan.

I think we can, it is just a matter of doubling what I am doing now (which is a huge commitment on my part) and scaling up from there.

Please let me know if I missed anything.

Yes, please let us know your estimates on how the first round of investments would affect your mining rates.

How much does it cost (per week) to run those 50 servers right now?

Fair enough.  Is the BTC earned via the buying of shares 100% invested into new equipment, given you are making profit on the mined xpm itself as a 26th shareholder?  If so, do you have any ideas/estimates on what, say, a first round of 12.5BTC could provide in terms of potential mining increases?   Maybe in terms of a % of the current operation?  IE: would 12.5BTC for a week of 25 shareholders allow you to increase the mining infrastructure by 10%? 20% ect? 

I know these things aren't exact, just interested if you've got any ballpark estimates.

You are calculating what I am currently doing as earnings. I am expecting to double it or more (if possible); however, none of us know since
we can't say it is consistent for anyone/everyone. My worst day was 60 ~ XPM and best day was about 140 ~XPM with my current farm of 50 servers.

I have been split testing with servers on and off though. So, if I keep it consistent, I wonder how much we can earn.

EDIT: In addition, you are calculating the exchange value of these coins. I understand people want to recoup their money fast, but this isn't the point of this program.

EDIT #2: Basically, this is a Holders service. People who want to dominate now to own more coins, before (in my opinion or thoughts) Earnings of XPM per block drop below 9, 8, 7.. maybe 5 ? or less.  or maybe it will go back up to 11 or 12 XPM. Who knows what tomorrow will bring... Who is to say the exchange prices don't double tomorrow? or drop by half? Investors can do what they want with it and calculate it in whichever way they want. This is a service... not an exchange. I know ROI is a concern, and I have set the cost per week shares low enough to make this work for share holders.


Great. Let me know if you have any questions in advance.

So 0.5BTC is buying 80-100 XPM /day = ~560-700/wk = ~21.5-26.9 XPM/wk/shareholder @ current rate of .00922 = ~ 0.198 - 0.248 BTC / wk / shareholder... or is my math wrong?

Hmm, ฿0.5, I'm very interested.

Reserved #3 - future updates

• Current exchange prices: https://vircurex.com/orders?alt=xpm&base=btc?referral_id=514-34362 (my Referral link)
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Ready to get started?
Post a message in this thread and send me a pm with your name, email, XPM address, and coinbase registered email.