Voted!
Sent from my iPhone using Tapatalk
We are in the 170s!
We only got 70+ more to go!
Keep up on the votes to grow the bitshares market through mining!
(http://i61.tinypic.com/y33vn.png)
We are in the 170s!
We only got 70+ more to go!
Keep up on the votes to grow the bitshares market through mining!
(http://i61.tinypic.com/y33vn.png)
Voted :) :D ;D +5%
Voted!!!
This project has high potential and is very exciting for BitShares.
Anxiously awaiting your update.
Did I miss anything, why no BTC LTC or DASH?
Top coin being mined is potcoin.. yeah.
Please elaborate on this, vote pending.
We are going to have someone doing regular research on coins and keeping their ear to new ones coming so that we can position ourselves early on those also.
We are going to have someone doing regular research on coins and keeping their ear to new ones coming so that we can position ourselves early on those also.
coinwarz.com (http://coinwarz.com)
Voted all your 6 delegates.
DataSecurityNode, I like this idea and wish you great success, however the lack of BTC/LTC/DASH seems like an oversight to me.
In my understanding it is exactly the miners of said coins who would benefit the most from storing their earnings in BitUSD. Frankly, who cares about potcoin?
For that reason alone I am not voting right now, but will follow any developments closely. Good luck with your project!
I did think about that some time after posting but eventually forgot and didn't come back to clarify. I'm glad you brought it up.
Having said that, do you have a timeline for the beginning stages of BTC/LTC/DASH implementation?
And how do you plan to convert the miners to use your system? Here you are preaching to the choir of course (I do believe your idea has merit).
Finally, regarding approving all your delegates, I was under the impression (do correct if I'm wrong) that voting for more than one delegate from the same entity is to be frowned upon, as it puts too much power in the hands of a single entity/person/organization ?
In other words, why displace 5ish other delegates with yours ? And do you believe this to be fair? (neutral/probing question)
Looking forward to evaluate your response.
Voted. Will keep an eye out for progress concerning sha256 &effective marketing of this. Go wild!!
Voted. Will keep an eye out for progress concerning sha256 &effective marketing of this. Go wild!!
You got mine :D
You got mine :D BUT you have to keep up the good work :P +5%
Hi,
This looks interesting.
However I understand a shit what its all about.
You can mine BTS?
Sorry, noob here...
Can somebody please explain to me in 5 sentences what is this project about?
Thanks a lot
Hi,
This looks interesting.
However I understand a shit what its all about.
You can mine BTS?
Sorry, noob here...
Can somebody please explain to me in 5 sentences what is this project about?
Thanks a lot
- You cannot mine bitshares directly
- You can mine alt coins at this pool which are sold for BitShares/bitUSD on the market
- Mining @ minebitshares.com is subsidized by the blockchain in form of delegate pay being ridirected to topup the mining payouts ..
- with more delegates being supported by the shareholders .. the miners will see a huge incentive to mine @ bitshares
- the dilution caused by this should be easily absorbed by the incoming users .. and if not .. shareholders are free to vote these delegates out again ..
Hi,
This looks interesting.
However I understand a shit what its all about.
You can mine BTS?
Sorry, noob here...
Can somebody please explain to me in 5 sentences what is this project about?
Thanks a lot
- You cannot mine bitshares directly
- You can mine alt coins at this pool which are sold for BitShares/bitUSD on the market
- Mining @ minebitshares.com is subsidized by the blockchain in form of delegate pay being ridirected to topup the mining payouts ..
- with more delegates being supported by the shareholders .. the miners will see a huge incentive to mine @ bitshares
- the dilution caused by this should be easily absorbed by the incoming users .. and if not .. shareholders are free to vote these delegates out again ..
Well said Xeroc! .. an in 5 sentences as requested!
Xeroc answered your question well. The project takes all altcoins and BTC and funnels it into BitShares. This increases usership, transactions, volume, and thus market cap.
With the power of bitAssets we have a disruptive technology opportunity. We just need to move to the next level with what we have already built.
Operating as a zero fees network with bonuses doesn't leave much for us to advance though with the current market cap. Thus our bid for additional delegates.
A vote for these delegates means a vote for increasing the value of BTS put simply.
Indeed.
Thank you for answers.
So it is a multipool selling all for BTS. Clear now.
Are you the most profitable mining pool at the moment? I need to know that because I advertise your pool, thx
You got all my votes. I've been mining with you for over a month now, it's been very smooth and great up time. Keep up the great work.
*We are not claiming sole responsibility for the market cap increase. It just happened right at the same time we got elected.interestingly it also happend that the Nullstreet newsletter No.4 has been released earlier the week :P
*We are not claiming sole responsibility for the market cap increase. It just happened right at the same time we got elected.interestingly it also happend that the Nullstreet newsletter No.4 has been released earlier the week :P
*We are not claiming sole responsibility for the market cap increase. It just happened right at the same time we got elected.interestingly it also happend that the Nullstreet newsletter No.4 has been released earlier the week :P
voted for all six, good luck! =)
The pool's luck has been on a decline for over a year. The luck on a few other pools has also shown a negative trend. While it is not impossible that it's a coincidence, this is something I have been constantly made aware of and am helpless against. There is no way to know whether it's just bad luck, a small bug in older miners ... It would only take a fraction (1 PH/s or less could do it) to cause significant harm to a competing pool, and that activity could be masked by proxies and multiple accounts to be impossible to catch.
Bump, lets get some of these delegates voted in.
Mining is quite alive as can be seen here: https://bitcointalk.org/index.php?board=160.0
If the minebitshares pool can gain popularity based on high payouts it will attract miners, thus they will be forced to receive payout in BitUSD. This is an EASY way to advertise BTS and engage the crypto community.
And the BitUSD mining pool has been solid under @DataSecuritNode... BitUSD appears in my wallet like magic everyday...
(http://content.screencast.com/users/nethyb/folders/Snagit/media/70749296-0081-4ea2-9db0-53e60532c60f/2015-07-30_11-44-22.png)
Please vote for the delegates, it has a direct link to attracting new miners and increasing BitShares / BitUSD awareness as evident in the number of referrals the mining pool brings
Sure... It's a KnC TITAN ASIC Scrypt Miner ... Hums along at about 320MH/s.Drool :P
Can't say it was the smartest purchase, but the pool is helping me to break even with it!
Sure... It's a KnC TITAN ASIC Scrypt Miner ... Hums along at about 320MH/s.Drool :P
Can't say it was the smartest purchase, but the pool is helping me to break even with it!
So many delegates in the top 100 without price feeds, amazing. shareholders please vote in these additional delegates as they are run correctly and will provide instant marketing for bts.
Just look here for proof: http://bitsharesblocks.com/delegates
So many delegates in the top 100 without price feeds, amazing. shareholders please vote in these additional delegates as they are run correctly and will provide instant marketing for bts.
Just look here for proof: http://bitsharesblocks.com/delegates
Yes and I am feed up with this .
So many delegates in the top 100 without price feeds, amazing. shareholders please vote in these additional delegates as they are run correctly and will provide instant marketing for bts.
Just look here for proof: http://bitsharesblocks.com/delegates
Yes and I am feed up with this .
I count 16 3% delegates with no active feeds. Wtf I thought that was their main purpose. To at least secure feeds. That's 16 other people we could have helping BitShares! That's a lot. They need to go now. Plus Xeroc's 3% pay sitting at position number 2 makes it 17, since he already has a 100% pay delegate.
So many delegates in the top 100 without price feeds, amazing. shareholders please vote in these additional delegates as they are run correctly and will provide instant marketing for bts.
Just look here for proof: http://bitsharesblocks.com/delegates
Yes and I am feed up with this .
I count 16 3% delegates with no active feeds. Wtf I thought that was their main purpose. To at least secure feeds. That's 16 other people we could have helping BitShares! That's a lot. They need to go now. Plus Xeroc's 3% pay sitting at position number 2 makes it 17, since he already has a 100% pay delegate.
I applaud ihashfury efforts to bring attention to this matter of delegates not running feeds. He was the first as far as I can tell to publicly remove his votes from those delegates that didn't have feeds.
My personal view is if you are going to be elected by voters to be a delegate no matter what the added purpose, it is your fiduciary responsibility to do all you can to support the network with a proper running delegate node. I get really annoyed when I hear about some 100% delegates using nickle and dime host providers when they are being paid and amply amount to put their node in a high quality network and host location.. it's what bitshares deserves.. its what the voters deserve.. period.
That said.. Akado has brought up something that has been on my mind in recent days since I told one 100% delegate who is no longer doing what they were voted to do to allow his delegate to go offline (what I like to call john-galt it.. if you rememer what happened last month) and let people vote it out of the network by way of blocks going missing and forcing the need to vote. I got all kinds of nastiness in return for the suggestion because the person controlling the private keys didn't want to give up their bts pay for maintaining the delegate. Regardless it has gotten me thinking of my own positions I am maintaining.
I am strongly considering announcing my 2X 3% delegates for minebitshares to be taken offline by a certain date and call on the community to downvote them and hopefully vote in our other 100% delegates in their place.
I realize I may not have our delegates voted in.. but really.. if giving up those 2 3% delegates so another could go to work for bitshares happens.. then that's a win for me too. It's win win. :) Like Akado says.. someone else could be really working for bitshares. My 3% delegates have virtually no impact in progress for this project.
I am aware that this forum is sorely ineffective as a communication medium though.. and will be taking a different approach in giving proper notice to everyone if I proceed with this idea.
Given the things that I haven seen happen in the delegate space these past months.. and the nullstreet journal updates.. I have a feeling we are soon going to be coming to a reckoning of delegates positions. With more effective communication though more change can take place.. that's where dposhub is going to change the landscape. :)
Ok thats my rant... http://vote.bunkermining.com !! :D
Today the bunker got a visit from onceuponatime!
He traveled all the way across the country to get a look at what we have inside.
He saw BunkerMining first hand.. and said he approves! :)
http://vote.bunkermining.com everyone!!
Looks like a few more got in, only 5 and 6 remain in standby. This should help boost profitability?!
Looks like a few more got in, only 5 and 6 remain in standby. This should help boost profitability?!
OH WOW! Lets see if it lasts! There is turmoil in the 101 right now and this could change in the next hour even!
The short answer however is YES. With those additional delegates we are going to be able to boost our bonuses and get the rest of the dev done to move on to phase 1 update.
Thank you to whom ever made the push to vote these final ones in and everyone who has continued to support the growth of this project!
I removed all 3% delegates with no price feeds from my slate. These are:
* delegate.nathanhourt.com
* bitcoiners
* cny.bts500
* dac.bts500
* eur.bts500
* delegate.follow-my-vote
* delegate.webber
* dpos.crazybit
If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or two full time devs in Eastern Europe....
Seeking them is costly too of course. I just put things into perspective. You can also just save the money. The question is whether the subsidized bts mining pool is really cost effective (see considerations above) It is the single most costly operation atm that is paid through inflation...If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or two full time devs in Eastern Europe....
But do we have those developers available?
Seeking them is costly too of course. I just put things into perspective. You can also just save the money. The question is whether the subsidized bts mining pool is really cost effective (see considerations above) It is the single most costly operation atm that is paid through inflation...If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or two full time devs in Eastern Europe....
But do we have those developers available?
And imo the model should have proofed with one or two delegates before it gets 6 therefore my questions above to data...
How much traction has the mining pool gotten with the two 100% delegates you had in the top 101 for a while? What are the numbers there (costs and new users introduced)?
What are the reasons that this will scale more than linearly now that you have trippled the amount delegates?
My (critical) thinking is that miners are professional companies that are very specialized in mining and do not look into investing (in crypto projects) or using them. This would be different if we had many home miners still... If that is so then it is just subsidizing mining for nothing.
My overall take on marketing atm is that we shouldnt waste any ressources on it until 2.0 is out. If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or two full time devs in Eastern Europe....
[...]I see that you put a lot of work into it as you laid out in your post.
[...]I see that you put a lot of work into it as you laid out in your post.
The question I would like to have an answer for is (I didn't see an answer to that in your text) how effective the pool is: For example: overall cost (incl. development work, subsidized payouts etc) / NEW user introduced to the wallet.
My opinion is that if that is not a good ratio or the ratio is not known then 6 delegates adds quite a bit of dilution and therefore selling pressure for something that is not effective or at least not proven to be effective. The two delegates that were in there (also at a higher market cap) should have been enough to prove this marketing method to justify 6 delegates quantifyably.
I like that you put a lot of thought and effort into your post but I would prefer a concise reply that is on point (not longer than necessary; I had a hard time seeing an answer to my question in your last post ) :)
Much appreciated![...]I see that you put a lot of work into it as you laid out in your post.
The question I would like to have an answer for is (I didn't see an answer to that in your text) how effective the pool is: For example: overall cost (incl. development work, subsidized payouts etc) / NEW user introduced to the wallet.
My opinion is that if that is not a good ratio or the ratio is not known then 6 delegates adds quite a bit of dilution and therefore selling pressure for something that is not effective or at least not proven to be effective. The two delegates that were in there (also at a higher market cap) should have been enough to prove this marketing method to justify 6 delegates quantifyably.
I like that you put a lot of thought and effort into your post but I would prefer a concise reply that is on point (not longer than necessary; I had a hard time seeing an answer to my question in your last post ) :)
It's not just a new user introduced to the wallet. It's a regular user generating transactions and volume on a almost daily basis.
Based on our current averages, a user generates $2 a day and is paid out in bitUSD. This means that we are effectively holding triple the BTS.
There is a buy and there is a sell. Each day presenting we are buying up bitUSD to pay out miners. Following each individual payout they are either holding, using, or converting to something else. Either way the volume is coming to bitshares along with all the transactions. It also appears that a lot number of the miners are holders.. they are using the mining as a way to earn BTS.
The delegates we had went towards bonuses of the current pool primarily and some towards dev as I already stated.
Edit: I have had this sitting in my browser since yesterday and I have rewritten it a few times.. I realize now I just need to put out more detailed plans on development and growth so that its more concise for everyone to access. I will take some time out over this weekend to try and get this out to you and everyone by early next week. I thought I would at least post this so you know I am not ignoring your question.
Much appreciated!
What I'd like to see is a calculation /estiamte based on the numbers that have been generated up to now. Amount of funds used vs amount of transaction fees generated (plus possibly estimate over future tx fees). Such a calculation / numbers are much more objective than all the texting we are doing here...
@delulo: I appreciate what DataSecurityNode is trying to accomplish, but I also applaud your efforts to assure funds are being used as wisely as possible. And although I understand that with 2.0 there will be greater scrutiny and accountability (hopefully helped along by DposHub), I agree that it makes sense to scrutinize as much as possible now. Having said that, I wonder if you are able to tally all BTS currently being paid to non-dev delegates above the 3% pay rate. I am curious what the current total daily (non-dev) dilution may be. Are you able to do that calculation?Thanks!Much appreciated!
What I'd like to see is a calculation /estiamte based on the numbers that have been generated up to now. Amount of funds used vs amount of transaction fees generated (plus possibly estimate over future tx fees). Such a calculation / numbers are much more objective than all the texting we are doing here...
@delulo: I appreciate what DataSecurityNode is trying to accomplish, but I also applaud your efforts to assure funds are being used as wisely as possible. And although I understand that with 2.0 there will be greater scrutiny and accountability (hopefully helped along by DposHub), I agree that it makes sense to scrutinize as much as possible now. Having said that, I wonder if you are able to tally all BTS currently being paid to non-dev delegates above the 3% pay rate. I am curious what the current total daily (non-dev) dilution may be. Are you able to do that calculation?Thanks!Much appreciated!
What I'd like to see is a calculation /estiamte based on the numbers that have been generated up to now. Amount of funds used vs amount of transaction fees generated (plus possibly estimate over future tx fees). Such a calculation / numbers are much more objective than all the texting we are doing here...
Looking at this http://bitsharesblocks.com/delegates (+ sort by pay rate), roughly 40% of delegates (very roughly) are marketing delegates of some sort which imo is way to high given that we have a wallet that is unusable and we would be marketing a version of bitshares which is inferior to what we finally aim for (bitshares 2.0). If someone wants to market the idea / concept of bitshares then I'd say it is much more powerful to do that while having a powerful and working client that can showcase the theory.
Most excellent! Congrats and success for the mining and beyond user-magnet minebitshares!
I don't convert to fiat everyday. I normally keep it in BTC until I need to sell some to pay costs. Currently the miners make $4-5 a day and cost me $7.50 a day in electricity. (I mine at a loss right now) I've changed the miners back to another pool. The exchange I was referred to earlier either doesn't have sellers on a coin, or they are lunatics thinking people will pay 1000% more for a coin. I'm just waiting on someone to sell me BTC so I can delete Bitshares and move on.Because there is a $10.00 wire transfer fee. The miners only make about $4 a day. That is 2 and 1/2 days worth of mining just in fees. Not to mention $5.00 deposit fee. So more than 3 days of mining just to pay the fees.This a way too convoluted for my tastes. minebitshares.com converts mined coins into USD and sends them to the Bitshares client. To get the USD I have to open yet another account I don't really want, convert my USD into bitUSD to transfer it to the exchange, then convert it to BTC at the exchange and send it to another exchange to convert into fiat which then deposits into my Simple account. Surely I'm missing something. Converting USD into something else then back into USD seems rather silly.
Why would you convert to BTC?
bitUSD->USD->your bank
why would you convert to FIAT every day? I'm pretty sure you can't convert bitcoin for free either. I'd do it once per month or every 60days.
how much do you make per day?
I don't convert to fiat everyday. I normally keep it in BTC until I need to sell some to pay costs. Currently the miners make $4-5 a day and cost me $7.50 a day in electricity. (I mine at a loss right now) I've changed the miners back to another pool. The exchange I was referred to earlier either doesn't have sellers on a coin, or they are lunatics thinking people will pay 1000% more for a coin. I'm just waiting on someone to sell me BTC so I can delete Bitshares and move on.Because there is a $10.00 wire transfer fee. The miners only make about $4 a day. That is 2 and 1/2 days worth of mining just in fees. Not to mention $5.00 deposit fee. So more than 3 days of mining just to pay the fees.This a way too convoluted for my tastes. minebitshares.com converts mined coins into USD and sends them to the Bitshares client. To get the USD I have to open yet another account I don't really want, convert my USD into bitUSD to transfer it to the exchange, then convert it to BTC at the exchange and send it to another exchange to convert into fiat which then deposits into my Simple account. Surely I'm missing something. Converting USD into something else then back into USD seems rather silly.
Why would you convert to BTC?
bitUSD->USD->your bank
why would you convert to FIAT every day? I'm pretty sure you can't convert bitcoin for free either. I'd do it once per month or every 60days.
how much do you make per day?
this is a great summary on why I don't support mining bitshares.
- Miners only care for bitcoin
- conversion rate is astronomical even more so at the moment.
- bitUSD will always stay slightly above Peg, so miners always take a loss.
I don't think this model is here to stay, or worth the 6 100% delegate positions.
Did you collect any feedback from other miners yet? Or made an on-site Poll asking if they feel they're in profit / use BitUSD?
edit: I'd like to see some stats. how many consistent miners are using the pool?
and the broken record (i.e me)"
"I do not like it because it is useless. [See fav post above for details.]
And because it is private project subsidized by BTS holders. Run by a bombastic over the top guy - see for example the title of this thread - Capitalized = 'Make dpos history...' What a joke. The dpos history is to pay for useless private projects?"
and the broken record (i.e me)"
"I do not like it because it is useless. [See fav post above for details.]
And because it is private project subsidized by BTS holders. Run by a bombastic over the top guy - see for example the title of this thread - Capitalized = 'Make dpos history...' What a joke. The dpos history is to pay for useless private projects?"
Hey tonyk, YOU consider Data to be "bombastic"? Wow!!!!
Is it possible to game the referral system by using several different VPNs and different machines? I don't want to accuse anyone but if so, then maybe we should use different metrics(?) to measure marketing success.any account be referrer new users .. if you don't want to expose your name or success .. just create a dummy account for that
I voted for all minebitshare delegates.
Is it possible to game the referral system by using several different VPNs and different machines? I don't want to accuse anyone but if so, then maybe we should use different metrics(?) to measure marketing success.
I voted for all minebitshare delegates.