Poll

Would you support the proposal and vote for the required delegates?

Yes
42 (85.7%)
No
7 (14.3%)

Total Members Voted: 49

Voting closed: April 10, 2015, 11:13:52 AM

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: Most bitshares referrals in March and a bold proposal.  (Read 1805 times)

Offline nethyb

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Most bitshares referrals in March and a bold proposal.
« on: April 03, 2015, 11:13:52 AM »

You may have noticed that minebitshares has referred the most new users to bitshares for the 2nd month in a row - March.



This data is via the bitshares referral system (https://faucet.bitshares.org/refscoreboard) and identifies new users that have downloaded the bitshares client and used the faucet to register their account. (MineBitShares has provided the most referrals since the system started  :))

I believe that this validates the marketing effectiveness of minebitshares to attract new people to Bitshares and introducing them to BitAssets by mining bitUSD.

I can’t take all the credit, as well as the utility that minebitshares delivers, bytemaster has been contributing his own personal funds over the last two months, $50 bitUSD per day, to payout as bonuses to miners and help attract even more miners to ensure the multi-pool is one of the most, if not thee most profitable.

Now the bad (but possibly good) news - After 9 months with minebitshares, I'm no longer able to dedicate my spare time or personal funds to continue to develop and run the pool.

But instead of just shutting the pool down, I have a bold proposal.

I think it’s time we do this properly at scale - create some waves in the crypto world and have the focus on bitshares and bitassets giving people something else to think about rather that than ethereum and dash.

Here’s it is…

● I donate the minebitshares pool / source code and supporting assets to the bitshares community.

● BitShares community members come forward to create an east and west pool management team.
i.e. a new Chinese language version of the pool is created for the Chinese community to manage locally (pays in bitCNY) as well as the current pool. They east/west pools can back each other up.

● Multiple 100% delegates are used to top up the pool mining earnings to ensure the pools ARE the most profitable. (At least 3 per team would be required initially providing $2,300 p/month, as BTS price rises this could be reduced to 2 delegates)

● Pool fees/delegate funds and/or referral/affiliate earnings are used to pay pool infrastructure costs and to compensate the pool dev/management teams.

● I enable the teams over a period of a month to show them how the pool code works and daily pool management operations. I'm not leaving bitshares so will still be around if advice is needed after that.

● The teams continue development of the pool, integrating services such as http://metaexchange.info for payouts in any bitasset - including BitSilver/BitGold and referral integration with http://cryptosmith.info to mine real Silver and Gold.

● We all watch BitShares get the due attention from the crypto world through massive exposure of mining profitability and being able to mine physical gold and silver! = new users = improved bitAsset liquidity = > market cap ;-)  :D

If you believe this / or a variant of this is worth doing, then please comment and show your support for this plan by voting to have the minebitshares-reloaded 100% delegate in to the the top 101 before Sun 12th April - it’s currently position 138 - but needs at least another 160M votes.

If minebitshares-reloaded is voted in by then, and we have community members who want to run the pools, I’ll keep everything running for the next month while I help enable them and transition the delegates / pools etc.

If it’s not voted in by then, I’ll announce to the pool users that the pool will be shutting down the following week - i.e. 19th April.

Let the community know if you’d like to put yourself forward as the new east or west pool devs/managers.

I’ve made this a poll, so those thinking of putting themselves forward as part of the east/west pool teams can gauge the community interest and support before committing themselves.

I'll ask btswildpig if he can translate and post in the Chinese community thread.

cheers, nethyb.

If you need to find out more about minebitshares, the delegate proposals and pool profitability check out these threads and sites…

delegate: minebitshares-reloaded http://bitsharesblocks.com/delegate/info?name=minebitshares-reloaded

delegate proposal - https://bitsharestalk.org/index.php?topic=14887.0

MineBitShares - FAQ  - https://bitsharestalk.org/index.php?topic=14973.0

Pool Profitability - http://poolpicker.eu
« Last Edit: April 06, 2015, 05:13:39 AM by nethyb »

Offline .yoshi

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #1 on: April 03, 2015, 08:44:22 PM »
Thank you for your time nethyb, much appreciated. Hope minebitshares will live on!

Offline Gentso1

Re: Most bitshares referrals in March and a bold proposal.
« Reply #2 on: April 03, 2015, 09:15:07 PM »
Thank you for your time nethyb, much appreciated. Hope minebitshares will live on!
+5%

Offline blahblah7up

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #3 on: April 03, 2015, 09:20:30 PM »
This should be moved to the general discussion section to attract more attention.

Offline xiahui135

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Most bitshares referrals in March and a bold proposal.
« Reply #4 on: April 03, 2015, 10:46:35 PM »
Thanks. I know you have beening give your passion.
i think this will not go long, just gather money and put it there. Because it does not create value but price speculation to support bts. Meaning of money is credit store and liquidity. Bts need more credit and liquidy. Money need to be used. Though some people may not agree and afraid money lose.
Can some one do market making with this money. A trade bot can earn money from btc, bts and other crypto trading in different market?

Edit:
I agree with the moonstone team that UIA is a good solution of lacking liquidity.
« Last Edit: April 03, 2015, 11:30:32 PM by xiahui135 »

Offline BunkerChain Labs

Re: Most bitshares referrals in March and a bold proposal.
« Reply #5 on: April 04, 2015, 03:19:20 AM »
I think this is a fantastic project and have enjoyed mining this pool for a long time.  +5%

I have an interest in taking over this project actually.. I think it could be a good fit for the bunker data center.

I'd be happy to work with an eastern counterpart, but if none step up thats ok.. we can grow our way out there. :)

Am I recalling correctly that there were plans to support sha-256 mining as well? Or is there some challenge to this preventing that?
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Offline jabbajabbaつ◕_◕つ

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #6 on: April 04, 2015, 01:47:35 PM »
voted

but still 36 positions left.

Offline nethyb

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #7 on: April 04, 2015, 02:05:30 PM »
I think this is a fantastic project and have enjoyed mining this pool for a long time.  +5%

I have an interest in taking over this project actually.. I think it could be a good fit for the bunker data center.

I'd be happy to work with an eastern counterpart, but if none step up thats ok.. we can grow our way out there. :)

Am I recalling correctly that there were plans to support sha-256 mining as well? Or is there some challenge to this preventing that?

Bunker mining sounds great - and your VPS facilities will work well for a 'west' operation...  +5%

I'll PM you with some details so you can ask a lot of questions  etc...

Ohh, and adding SHA-256 support to the pool is trivial - add your SHA-256 coins and enable the profit-switching port - But your time to manage the pool  goes up by 50% to support 3 algo's rather than 2 ;D
« Last Edit: April 04, 2015, 02:48:07 PM by nethyb »

Offline CLains

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #8 on: April 04, 2015, 06:04:55 PM »
I would like to bring in updated affiliate stats. (your screenshot seems outdated by 2 months)

Out of all the testing I have did, I came to the conclusion that creating fancy funnels and paying for traffic turned out to be very expensive at the stage of the game. It's too much education that most people don't want to go through. But in mining, they have an incentive to create an account and maybe use bitusd to store their value.

His chart is up to date just toggled for last month. I agree with the conclusion, brute force ain't going to cut it, at least not before a stupid simple 3-step install and beautiful GUI is out. The operation outlined here is huge though. It would be great to have some proper marketing analysis before we get 4 100% delegates on this thing. How many miners are there? Could we do surveys to see what they think?

Offline nethyb

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #9 on: April 05, 2015, 02:23:13 PM »
...
How much would you need from delegate?

As mentioned above...

● Multiple 100% delegates are used to top up the pool mining earnings to ensure the pools ARE the most profitable. (At least 3 per team would be required initially providing $2,300 p/month, as BTS price rises this could be reduced to 2 delegates)

So whoever takes on running the pool, would need three 100% delegates at todays prices...

Offline nethyb

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #10 on: April 05, 2015, 02:26:48 PM »
I would like to bring in updated affiliate stats. (your screenshot seems outdated by 2 months)

Out of all the testing I have did, I came to the conclusion that creating fancy funnels and paying for traffic turned out to be very expensive at the stage of the game. It's too much education that most people don't want to go through. But in mining, they have an incentive to create an account and maybe use bitusd to store their value.

His chart is up to date just toggled for last month. I agree with the conclusion, brute force ain't going to cut it, at least not before a stupid simple 3-step install and beautiful GUI is out. The operation outlined here is huge though. It would be great to have some proper marketing analysis before we get 4 100% delegates on this thing. How many miners are there? Could we do surveys to see what they think?

I done some quick research and analysis a while ago in the older delegate threads...

"Note : I've done some research on estimating the 4000 users and 40+BTC. I believe that by removing the pool fee and now your bonus, ensuring minebitshares is the most profitable multi-pool for miners there is no reason why the pool could not attract at least 2,000 users from multipool.us and/or coinking.io and generate 40BTC daily in BitAsset payouts.  It would be very reasonable to assume these 2000 users would at least tell one of their mining buddies about the pool/BitShares/BitAssets etc."


Offline jabbajabbaつ◕_◕つ

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #11 on: April 06, 2015, 03:29:15 AM »
hang in there buddy.

there may be something going to start help you out soon and bring the mining game to a new level.

Offline onceuponatime

Re: Most bitshares referrals in March and a bold proposal.
« Reply #12 on: April 06, 2015, 07:26:51 AM »
I'm ready to see this get ramped up to industrial strength!

Offline Ben Mason

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Re: Most bitshares referrals in March and a bold proposal.
« Reply #13 on: April 06, 2015, 11:06:30 AM »
Excellent proposal  +5%

Offline fuzzy

Re: Most bitshares referrals in March and a bold proposal.
« Reply #14 on: April 06, 2015, 11:12:44 AM »
Mark my words...people being able to mine Real Gold and Silver straight to their danged doorstep is the biggest thing that has come to BitShares. In fact an operation like this if done well and sustained (like coinintellect did) would be so earth-shattering that we could really pull off a huge rally that would easily set the stage for a future #2 climb...and who knows after big names get a whiff of this. 
In fact, I think this proposal would be a guaranteed win if instead of just using a total of 3 delegates for each side, we use even more (at least for the first couple months).  Maybe even have 3-4 delegates set aside for every bitAsset to ensure they are all stupidly profitable to mine. 

There is only one thing miners care about---profitability.  And once they have their real Gold and Silver, they are unlikely to sell it for Bitcoin.  What's more...Shanghai's PM Exchange at this link coming online and the Asian Infrastructure Investment Bank (AIIB) is getting even U.S. Allies to sign on and far more to read up on here, we are looking for one hell of a brushfire we could be setting worldwide.  We currently have plenty of 100% delegate positions to make them foam at the mouth...so let's make them rabid with desire for bitAssets--but Gold and Silver are going to be money again people.  Dang.  We are watching the end game imho.  If you see the players on these lists (Germany namely at present) and the current applicants (even Israel is on it!), Crypto-mining real gold and silver gets very enticing.

And mining real Gold and PM's to your doorstep is about as sexy as it gets (especially if we anonymize transactions somehow).
« Last Edit: April 06, 2015, 11:54:02 AM by fuzzy »
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