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Offline bluebit

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Burn Rate
« on: September 02, 2014, 03:30:44 PM »

I'm looking at this extremely low burn rate every day, anyway to increase it? I'm sure people would love to see a higher daily burn rate.
BTSX TipMe: bluebit

Offline Riverhead

Re: Burn Rate
« Reply #1 on: September 02, 2014, 03:33:07 PM »
I'm looking at this extremely low burn rate every day, anyway to increase it? I'm sure people would love to see a higher daily burn rate.


The burn rate is the percentage of fees the delegates destroy vs keep. This can be increased by the delegates reducing their pay rate. Most are reluctant to do that for a couple main reasons:


1) The revenue is needed to maintain the server they're providing
2) Payrate can only be lowered, it cannot be raised.




Offline eagleeye

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Re: Burn Rate
« Reply #2 on: September 02, 2014, 03:41:11 PM »
What is the yearly percentage burn rate compared to the total? 

Offline amencon

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Re: Burn Rate
« Reply #3 on: September 02, 2014, 03:57:59 PM »
bluebit, the best thing people can do to increase the burn rate is vote in delegates that have set low pay rates.  Riverhead's delegate is an excellent example of this at 5% pay rate, I also have an active delegate with a 20% pay rate.  Currently the average delegate pay rate percentage is in the mid 80s.

This isn't the only thing to look at though, some delegates with high pay rates have pledged to use the funds earned for various purposes.  Many use the funds to donate to charity or other causes that might help people and make BTSX look good at the same time.

I'd highly encourage you and anyone else to stay active in voting as well as going into DAC Delegates section of the forums and voicing your thoughts on what you'd like to see from your delegates.  The voting system is great but will only work well if people stay involved, communicate and vote for what they want.

 

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