Poll

Will You Vote For And Support This New Delegate?

Yes
12 (54.5%)
No
1 (4.5%)
I Want To Vote for 2 Delegates, Not Just 1
9 (40.9%)

Total Members Voted: 21

Voting closed: May 06, 2015, 06:37:31 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: [DELEGATE PRE-PROPOSAL POLL] - www.minebitshares-org > delegate.bunkermining  (Read 783 times)

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Offline BunkerChain Labs



Good Day!

I am going to keep this as brief as possible.

MineBitshares pays out bonuses to the miners to make it more profitable and attract more users who in turn become bitshares users: here you can see we are the top referrers of BitShares:

https://faucet.bitshares.org/refscoreboard

These users create liquidity, and come to user the system ongoing.

We have an established roadmap and have multiple delegates supporting this project.

Above you are getting a sneak peak at the re-branding it will undergo in order to bring synergy to the total offering we will eventually have it encompass.

We have JUST moved this operation to the Bunker, and are getting underway with programming all kinds of improvements that are going to allow us to expand, and grow the user base much faster.

However, we have one problem, BTS just doesn't hold up well right now to bitUSD, which is what we payout in.

When we took over MineBitshares there was talk about having additional delegates to ensure it would be funded, and I posted on numerous occasions that we needed to wait until the time comes that its necessary to determine that.

Well that time is now.

We have had to scale back on our bonus payouts due to the rate of BTS simply because the delegate pay doesn't bring in enough to cover it.

Server resources, and time maintaining the pool daily are all operating at a loss as present with no pay.

Contracted programmer to get the work done is still reviewing everything before proceeding, but at present there are no funds to afford the work at the market cap.

So the question I pose to you in this poll is simple..

www.minebitshares-com - 3%
www2.minebitshares-com - 3%
minebitshares-reloaded - 100%

These are our three delegates that are in the 101.

If we created delegate.bunkermining - 100%

Could you swap your vote out from www.minebitshares-com to place towards this new one?

We got a LOT more room for improvement, and a LOT more market to take! We are only scratching the surface.

This poll is to gauge what kind of community support we can expect on getting this delegate voted for.

Please Vote in the poll.. the answers we get over the next day will determine our next course of action.

If you like to know more about this project we have an entire section of the forum here dedicated to it:

https://bitsharestalk.org/index.php/board,87.0.html

You can also visit the website: http://www.minebitshares.com/

If you have suggestions or would like to join in on the project in some capacity.. Please don't hesitate to contribute to the discussion.

Until then, move your mouse back up the screen and cast your vote now!

Thanks!

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Offline fuzzy

fuzzy.beyondbitcoin is adding 11.5% of our delegate fees to this because we NEED to make this a huge push.
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline onceuponatime

For the time being, this is our best marketing opportunity. I would vote for two 100% delegates to replace the 3% ones.

Offline iHashFury

Two 100% delegates please and SHA to BitSilver mining  ;)
"If you owe a bank thousands, you have a problem; owe a bank millions, the bank has a problem" ;)

Offline emailtooaj

I would gladly vote for the 100% delegate to help this cause!


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Offline BunkerChain Labs

Two 100% delegates please and SHA to BitSilver mining  ;)

sha256 is part of our plans once we have gotten our payment systems updated.

Right now the pool payouts are processed manually everyday and a flat rate bonus is added. What we will be doing is programming the system so that we can take a calculation of profits that day, compare it to other pools that day via feeds and then add our bonus to place us above all other mining pools.

This step is essential to getting us on top 100% of the time.

Following that we need to update the very core of the pool so that we can increase our pool mining profitability, and also start to support SHA246 and possibly a few others.

This is when we can also introduce multiple payment options in bitAssets and can actually start to mine for REAL gold and silver via our partnership with CryptoSmith.

All of this will be done with ZERO network fees.

These are just some of the initial steps we need to take before we can 'go big'. It's going to take a lot of work and time, but once we start to get to this stage we are going to start to see our overall network profitability really increase as more and more users come in. At some point we will be offering contract mining similar to nicehash that will give incentive to end users to point towards our pool.. fees from that will in turn go towards overall pool profitability and sustainability.

We also have the new refer program here coming on.. as you can see we are going to do well on that in the long term.

The delegates are immediate, and we are probably the only project where every single dollar produced is in turn coming right back into the bitshares network in transaction fees and liquidity. Right now at BTS rates a 100% delegate produces $400 a month give or take, and this project pays out thousands through bitshares every month. With the steps I mentioned above, that can grow to tens of thousands daily in a short period of time. Imagine what the bitasset markets will look like then!

Anyways.. keep voting.. keep giving feedback.. the more the better!
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Offline Xeldal

I would be willing to direct 10% of the delegate pay from my proposed delegate: fund.bitsharesbreakout  towards this initiative, as well as 50% of the profits from the Breakout Bot once elected (current rank=108).   Once the Breakout donors are payed back I would route a greater percentage.  This really is the best marketing initiative we have right now and I fully support it.

You're doing great work here. Keep it up!  +5%

I would vote for 2 100% delegates.

Offline CLains

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Sounds great!  +5%
Vote for BTS-2 witness: spectral (1.6.30)

Follow https://steemit.com/@clains

Offline BunkerChain Labs

I would be willing to direct 10% of the delegate pay from my proposed delegate: fund.bitsharesbreakout  towards this initiative, as well as 50% of the profits from the Breakout Bot once elected (current rank=108).   Once the Breakout donors are payed back I would route a greater percentage.  This really is the best marketing initiative we have right now and I fully support it.

You're doing great work here. Keep it up!  +5%

I would vote for 2 100% delegates.

Wow that's fantastic! Thanks so much! Time for us to update our slates!
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Offline BunkerChain Labs

I would gladly vote for the 100% delegate to help this cause!


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Awesome!
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Offline BunkerChain Labs

For the time being, this is our best marketing opportunity. I would vote for two 100% delegates to replace the 3% ones.

Excellent.. Really appreciate your support onceupon!
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Offline BunkerChain Labs

Sounds great!  +5%

If you like the sounds of jet engines.. yes it does.. if anybody has ever joined me in a hangout at the bunker you will know :)

Thanks for your support CLains!
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Offline fuzzy

Can we get some numbers so we know precisely what is needed to ensure profitability?
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline BunkerChain Labs

Can we get some numbers so we know precisely what is needed to ensure profitability?

Current expenses are running at about $1100 a month between part time programming and network.

Our regular payout was $50 bitUSD bonus previously, however I have scaled that back. At the current level of mining we have going on.. $25 is quite fine. As we grow though I see this needing to grow. Even at $25 we are looking at $750 a month.

So at current delegate pay - we got 2 already (rgcrypto+minebitshares-reloaded) + 2 full ones would amount to just enough. However, we then would need 1 more if our adoption increases. I am hoping by then we are going to have the pool and processes more optimized though.  I think the %s that the other delegates are offering are going to accomplish this. So really at this stage.. we can use all the delegates help + 1 more 100% delegate.

If we can see this market cap turn around to even where it was at earlier this year, then we can get more done faster in terms of the development and improvements and not fly by the skin of our teeth and get to profitability faster so that we can move off the delegate pay.

I am seeing out volunteers to help out with the research aspect... you know.. looking out for new coins coming out.. see what coins are doing well etc etc so that we can take advantage of the pump and dumps and the more profitable coins.

I hope this was what you were looking for fuzz..
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Offline BunkerChain Labs

Voting is closed.

Thanks to everyone who participated.

We got the feedback we needed.

After our next meeting we will update everyone on our next steps.
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