Please treat your supporters better

[Beetle559]

@liberman, Protoshares are quite special! Haven't you noticed the rise of it, yet? It will (IMHO) surpass Bitcoins in value, hopefully, IF things keep going the way they're going!

Protoshares are not only a Bitcoin-like cryptocurrency, it's far beyond that! Right now I'm broke as hell, but if I had at least $5,000 I'd definitely inject more money into III! I promise you, if you're patient enough, you'll be more than happy with what you can get from these projects!

I have major first world problems, I don't know how much of my bitcoin holdings I should transfer to PTS. Woe is me.

[robozombie]

@liberman, Protoshares are quite special! Haven't you noticed the rise of it, yet? It will (IMHO) surpass Bitcoins in value, hopefully, IF things keep going the way they're going!

Protoshares are not only a Bitcoin-like cryptocurrency, it's far beyond that! Right now I'm broke as hell, but if I had at least $5,000 I'd definitely inject more money into III! I promise you, if you're patient enough, you'll be more than happy with what you can get from these projects!

[ThisNinja]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

if you are as good and helpful as you think you are,  earn by working. there are lots of bounties that require attention. take a look.

Why would you want to build a faster miner when you won't have any use of if yourself? Just driven by hope that you will get some donations? I'd also like to help, however it's not that motivating when you just have 1 PTS.

I know you just think that I'm being bitter, and you are right. I really like the whole idea of PTS and I'm really sad that I missed my chance.

You sound like someone very sad they missed the chance to buy BTC at $6.00 and GPU miners were starting to dominate.

Naah, i don't believe in BTC in the long run.

[cass]

We tried to make it available for all with the initial difficulty set at about 1 block per day per user... that didn't last long

Would you consider returning to less difficulty?

i guess no

[Evan]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

if you are as good and helpful as you think you are,  earn by working. there are lots of bounties that require attention. take a look.

Why would you want to build a faster miner when you won't have any use of if yourself? Just driven by hope that you will get some donations? I'd also like to help, however it's not that motivating when you just have 1 PTS.

I know you just think that I'm being bitter, and you are right. I really like the whole idea of PTS and I'm really sad that I missed my chance.

You sound like someone very sad they missed the chance to buy BTC at $6.00 and GPU miners were starting to dominate.

I bought my first bitcoins at $11.05; I never mined them.  While it would have been nice to buy them cheaper, it's worked out well for me.  My bitcoin holdings are not nearly enough to retire on, but I do not feel sorry for myself for not buying earlier.

I bought my most recent 0.16 BTC at $321.92.  As long as I perceive that BTC will increase in value compared to USD, buying bitcoin is beneficial at any price, even though I would prefer to buy cheaper bitcoins.

The same can be said for ProtoShares, which influenced why and how I invested in them.  As long as you perceive that ProtoShares will continue to increase in value, they are worth buying at any price within your means.

[bytemaster]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

if you are as good and helpful as you think you are,  earn by working. there are lots of bounties that require attention. take a look.

Why would you want to build a faster miner when you won't have any use of if yourself? Just driven by hope that you will get some donations? I'd also like to help, however it's not that motivating when you just have 1 PTS.

I know you just think that I'm being bitter, and you are right. I really like the whole idea of PTS and I'm really sad that I missed my chance.

You sound like someone very sad they missed the chance to buy BTC at $6.00 and GPU miners were starting to dominate.   

[ThisNinja]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

if you are as good and helpful as you think you are,  earn by working. there are lots of bounties that require attention. take a look.

Why would you want to build a faster miner when you won't have any use of if yourself? Just driven by hope that you will get some donations? I'd also like to help, however it's not that motivating when you just have 1 PTS.

I know you just think that I'm being bitter, and you are right. I really like the whole idea of PTS and I'm really sad that I missed my chance.

[barwizi]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

if you are as good and helpful as you think you are,  earn by working. there are lots of bounties that require attention. take a look.

[liberman]

I was hoping to help the project with my programming skills, but at the actual rate I'm getting almost nothing, so I'm thinking about just giving up just because I don't like to work for free in this kind of programs.
I entered too late, after the mining difficulty was artificially increased by 32x, so I lost the train.

Good luck in your adventure, but don't expect much more people to enter your project right now. What you have now is what you'll get. And I suspect most of the people into your project are more motivated by greed than actually understanding of the good points of your ideas.

[bitshirehashaway]

True, but the OP is complaining about how things are right now, and I am saying that if things stay the same as they are right now - and he doesn't know whether they will get better or worse, he will be ok. He shouldn't expect say $100/day in case things suddenly get bad.

[ruletheworld]

Recent increases in PTS mining difficulties means bassically that many of the supporters of this project are going to get practically nothing.
With a modern CPU (i7) we can now get around 2-5 PTS a day. That is NOTHING.
Now tell me how we could operate on bitshares or keyhotee if even to acquire a simple name you need 100PTS?
And if we have to exchange or buying anything using Bitcoin, oh boy, this is the most expensive service ever created. 0.25BTC for a single name or 0.01BTC for 1PTS?

There is no way this can work, and you're now starting to lose supporters because of your greed.

2-5 PTS/day at current prices is on a low end $6-15/day. A modern i7 CPU Haswell k costs $330 + barebones for the rest of the system costs $300 as a high end estimation.

So your telling me worst case a 130 day return is a bad investment. Lets assume even you pay $0.50/kw and your system uses 200 watts. That is $2.40 in electricity a day on an extremely high end assumption. So your making worst case $4.40/day with $630 of costs + lets assume $100 in other costs for taxes on purchases ect.

Thats still a 6 month return = still an amazing return.

Not that I really agree with the OP, but your analysis is flawed by the fact that the difficulty isn't going to remain at these levels for 130 days/6 months. Besides, the prices can fluctuate wildly in that period of time. 6 months is too long for an idea like Protoshares.

[bitshirehashaway]

Recent increases in PTS mining difficulties means bassically that many of the supporters of this project are going to get practically nothing.
With a modern CPU (i7) we can now get around 2-5 PTS a day. That is NOTHING.
Now tell me how we could operate on bitshares or keyhotee if even to acquire a simple name you need 100PTS?
And if we have to exchange or buying anything using Bitcoin, oh boy, this is the most expensive service ever created. 0.25BTC for a single name or 0.01BTC for 1PTS?

There is no way this can work, and you're now starting to lose supporters because of your greed.

2-5 PTS/day at current prices is on a low end $6-15/day. A modern i7 CPU Haswell k costs $330 + barebones for the rest of the system costs $300 as a high end estimation.

So your telling me worst case a 130 day return is a bad investment. Lets assume even you pay $0.50/kw and your system uses 200 watts. That is $2.40 in electricity a day on an extremely high end assumption. So your making worst case $4.40/day with $630 of costs + lets assume $100 in other costs for taxes on purchases ect.

Thats still a 6 month return = still an amazing return.

[carisma]

I agree with all people said above. I had no mining facilities myself, so hired a few people to mine PTS from day one and bought them. Now they are well involved in the project too. This initiative is really good in my opinion, they are striving to buy wealth for the community. Of course there are problems along the way. This is not a state-backed debt bond, this is free market.

[phoenix]

I honestly think that this project is incredible. The value of each protoshare you can mine out is so much more than just a fraction of a BTC, it's worth one share in every DAC released by invictus innovations, and possibly some DACs released by their competitors. Anything you can mine out is going to become VERY valuable as these DACs are released. Obviously many of us want more than we can mine with our home computers, but it's still worth mining!

[bytemaster]

i think thats rather unkind, i haven't seen a team this proactive in a long time. instead of a wait and see approach they've been working almost 24/7 to keep this project up and fluid. Don't judge the value of pts by these small exchanges, remember it has enough traction to garner attention from larger ones, also they are a guaranteed investment, this is a crypto with a future.

and just as a thought, could u try applying that logic to BTC? i think it makes sense to have a small fraction of high value commodity than to have tons of useless crap. see infinitecoin, PTS already broke the million dollar mark, that's not an achievement to just brush off.

We broke the 2 Million mark and are closing in on 3