Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: [Delegate Proposal] MineBitShares Reloaded - 100%  (Read 1177 times)

0 Members and 1 Guest are viewing this topic.

Offline nethyb

  • Full Member
  • ***
  • Posts: 198
    • View Profile
  • BTS: nethyb
[Delegate Proposal] MineBitShares Reloaded - 100%
« on: March 12, 2015, 11:34:08 AM »

MineBitShares Reloaded - 100% Delegate Proposal

delegate: minebitshares-reloaded

MineBitShares is the BitUSD multi-pool that aims to be the most profitable multi-pool with 0% fees and bonus payouts for every miner, every day.



Proposal Overview

MineBitShares primary purpose is to attract new users to BitShares and BitAssets by offering miners the most profitable multi-pool mining experience along with the stability and yield benefits of virtually mining BitAssets.

The delegate fees will be used to cover the infrastructure and running costs of running the pool, pool development (my time and bounties) and will allow the pool to continue to operate with a 0% pool fee to improve profitability and so attract new users.

This proposal is to replace the two current 3% minebitshares delegates with a single 100% delegate.

Business Case
The business case for supporting minebitshares is primarily based on the the value of the pool’s contribution to marketing BitShares to new users.

Since the pool relaunch 1 month ago and the change to BitUSD payouts, 0% pool fee and bytemasters bonus we’ve had some great results:

MineBitShares provided the most new registered accounts of all referrers in Feb see Adams update https://bitsharestalk.org/index.php?topic=14816.msg191888#msg191888, and rgcrypto's blog https://rgcrypto.wordpress.com for details.

And we’ve paid out over $5,870 in bitUSD in 946 separate payout transactions for the month.

We very much expect to continue to be a top referrer, converting crypto miners to BitShares/BitAssets users and community members.

A secondary business case is in supporting other BitShares community/delegate projects by providing liquidity and customers.

We’ve been testing and in discussions with the https://www.metaexchange.info team in using their service to source the payout BitAssets in exchange for the BTC the pool miners earn. Future plans could allow miners to be paid in any future asset supported by metaexchange including BitSilver.

And we’ve had discussions with Gentso1 of http://cryptosmith.info for cross-marketing and finding a way for miners to effectively mine physical Silver or Gold with payouts in BitSilver exchanged at cryptosmith.

Eventually referral and affiliate fees with integration partners such as metaexchange, cryptosmith may be enough to fund the pool operating costs and remove the need for delegate pay, while still keeping the pool fees at 0%.

Development and future plans

The pool development plans are all focussed on attracting new miners, increasing average pool hash-rate and earnings resulting in increased exposing to BitShares and BitAssets to the crypto community.

We’ve just completed the ‘MineBitShares free guide to boosting your X11 mining hashrate and profitability by up to 70%’ (http://pool.minebitshares.com/x11boost) a detailed step-by-step guide which will be marketed to the crypto community to attract new miners and users of bitshares. We’re working with rgcrypto and the team to help maximise the effectiveness of this immediate campaign.


The next focus for pool development is now to develop the pool profitability API which will enable us to be listed on the pool profitability comparison site http://poolpicker.eu. Essentially free-advertising which will show how profitable we are in comparison to the the big mining pools and so attract more miners and BitShares users.

Other developments plans include:

Marketing the pool to our Chinese community, potentially with a dedicated pool based in Asia with Chinese language support.
Pool integration with MetaExchage for BitUSD purchases and payouts with potential future payouts in any BitAsset supported by MetExchange.
SHA256 also mining support  to bring in a new set of miners and revenue stream
CryptoSmith affiliation to allow ‘MineBitShares miners to mine real Silver and Gold’
Pool usability improvements - worker payout history/searching, updated pool charts and stats.

How delegate funds will be used

Primarily to pay the infrastructure costs for the following, the AWS bill alone for all the pool /delegate infrastructure costs are currently averaging $550 US per month:

pool.minebitshares.com AWS hosting server
DDoS protection for pool.minebitshares.com
Uptime monitoring and alerting for pool.minebitshares.com
www.minebitshares.com hosting
pool.minebitshares.com (dev version) AWS hosting
www.minebitshares-com delegate AWS hosting
BTS seed nodes : auseednode 54.77.51.177, euseednode 54.79.27.224:1776 AWS hosting

The rest of the delegate funds will be used to fund my time developing/operating the pool and to help with paying bounties to help with pool development.

Pool operations/payouts currently take around 1.5hrs every day and development at least another 12 hours per week totalling at least 90 hours per month.

Call to action

Please vote for the new 100% minebitshares-reloaded delegate and update your slates.

And downvote the old www.minebitshares-com and www2.minebitshares-com 3% delegates.

Thanks for everyones continued support over the last 9 months, cheers, nethyb.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12241
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #1 on: March 12, 2015, 12:02:54 PM »
Fully support this and will update my slate!

+5%!
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline BunkerChain Labs

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #2 on: March 12, 2015, 12:17:09 PM »
Me likey... voted for!  +5%
+-+-+-+-+-+-+-+-+-+-+
www.Peerplays.com | World's First Decentralized Tournament Platform Built Entirely on the Blockchain!
+-+-+-+-+-+-+-+-+-+-+

Offline Pheonike

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #3 on: March 12, 2015, 02:57:51 PM »
Excellent proposal!  An already good service for BitShares will be a powerhouse. Voting now!

Offline monsterer

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #4 on: March 12, 2015, 03:09:09 PM »
And we’ve had discussions with Gentso1 of http://cryptosmith.info for cross-marketing and finding a way for miners to effectively mine physical Silver or Gold with payouts in BitSilver exchanged at cryptosmith.

This is a totally killer feature - the PR alone would be priceless!
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline matt608

  • Hero Member
  • *****
  • Posts: 878
    • View Profile
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #5 on: March 12, 2015, 04:28:35 PM »
And we’ve had discussions with Gentso1 of http://cryptosmith.info for cross-marketing and finding a way for miners to effectively mine physical Silver or Gold with payouts in BitSilver exchanged at cryptosmith.

This is a totally killer feature - the PR alone would be priceless!

 +5%

Offline Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1605
    • View Profile
    • metaexchange
  • BTS: shentist
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #6 on: March 12, 2015, 07:02:14 PM »
 +5% for mining into physical metal. Would maybe attract a new kind of miners.

Offline wackou

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #7 on: March 14, 2015, 10:35:20 PM »
Added you to my slate.

 +5% great proposal!
Please vote for witness wackou! More info at http://digitalgaia.io

Offline MisO69

  • Jr. Member
  • **
  • Posts: 47
    • View Profile
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #8 on: March 15, 2015, 12:19:14 AM »
Alright, voted for your new delegate. I want to mine here however there is nothing in your FAQ. I need to know which address and port to use.

Offline nethyb

  • Full Member
  • ***
  • Posts: 198
    • View Profile
  • BTS: nethyb
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #9 on: March 15, 2015, 01:38:17 AM »
Alright, voted for your new delegate. I want to mine here however there is nothing in your FAQ. I need to know which address and port to use.

Thanks for the support,

Click either the X11 or Scrypt connection info buttons to get the stratum details etc on the front page, above where where is says:

"Select the buttons above for details of how to configure your miner and get started mining bitUSD."

There is also a sgminer.conf file you can download in on the http://pool.minebitshares.com/x11boost page with details as well...

Good point about the FAQ though - I'll have it up today.

FAQ now added..
« Last Edit: March 15, 2015, 03:35:44 PM by nethyb »

Offline BTSdac

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #10 on: March 15, 2015, 04:31:40 PM »
can you simulate a virtual POW coin using BTS user asset .
as the real  POW coin,people use their HASH power to keep network and block chain safety. meanwhile block chain inflate coin as the reward to miner with HASH power .
now create a  user asset  on BTS system , so user asset should inflate coin as the reward to miner with HASH power , so my idea as follow :
1. create a user asset on BTS, set the total supply . how many supply per day , and halve time. and block interval  as the real POW coin
2.release pool of mining this coin /asset.  use the hash power to mine other POW coin  and sell the POW coin and exchange to BTS and buy asset using this BTS
3.send the coin /asset to miner ACC. to HASH power
4.all the miner share all the supply in block interval , so there simulate a virtual different for this virtual POW asset .
« Last Edit: March 15, 2015, 04:40:13 PM by BTSdac »
github.com :pureland
BTS2.0 API :ws://139.196.37.179:8091
BTS2.0 API 数据源ws://139.196.37.179:8091

Offline socal

  • Newbie
  • *
  • Posts: 4
    • View Profile
  • BTS: socal
Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #11 on: April 16, 2015, 03:54:48 AM »
what is the status of the physical gold/silver mining?

Offline Gentso1

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #12 on: April 16, 2015, 06:26:02 PM »
what is the status of the physical gold/silver mining?

The gold and silver site is up and running now accepting bit assets for payment.  http://cryptosmith.info/index.php

I can't speak for minebitshares but DSN was just passed the reigns so it may take some time to get a smooth user experience from minebitshares to CS. 

Offline monsterer

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #13 on: April 17, 2015, 09:10:32 AM »
The gold and silver site is up and running now accepting bit assets for payment.  http://cryptosmith.info/index.php

I can't speak for minebitshares but DSN was just passed the reigns so it may take some time to get a smooth user experience from minebitshares to CS.

Wow, doesn't this deserve an ANN of some kind? This is news! :)
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline BunkerChain Labs

Re: [Delegate Proposal] MineBitShares Reloaded - 100%
« Reply #14 on: April 17, 2015, 12:32:18 PM »
The gold and silver site is up and running now accepting bit assets for payment.  http://cryptosmith.info/index.php

I can't speak for minebitshares but DSN was just passed the reigns so it may take some time to get a smooth user experience from minebitshares to CS.

Wow, doesn't this deserve an ANN of some kind? This is news! :)

It's news for CyrptoSmith being up and running, but we still have a ways to go until we get the entire backend updated to do this. This is part of our plans though.
+-+-+-+-+-+-+-+-+-+-+
www.Peerplays.com | World's First Decentralized Tournament Platform Built Entirely on the Blockchain!
+-+-+-+-+-+-+-+-+-+-+

 

Google+