BitShares Forum

Main => General Discussion => Topic started by: BunkerChainLabs-DataSecurityNode on May 09, 2015, 04:04:21 pm

Title: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 09, 2015, 04:04:21 pm
Status Report of MineBitShares

TLDR: MineBitShares is running in red and if the community would like to see it get more support through the delegate system, you can pledge BTS for a 10% return within the 1st month the new 100% delegate(s) is/are voted in to carry the project forward and generate more transactions, liquidity, and most importantly more new users for Bitshares.

As many of you know by now MineBitshares has been passed on to me to operate and with RgCyrpto backing it as well.

Previous to our taking it over the pool was being subsidized by bitshares to provided added profitability to miners to mine our pool, and also to cover the costs involved in operating entirely in bitUSD.

Previous when it was subsidized by bitshares there was $50 a day going into the pool for payouts.

When we took over there was already a decline taking place in BTS, but it has hit harder than we could anticipate.

For the past week we had to reduce our bonus payout down to $25 because that was all we had remaining.

We have no funds left for all the awesome development plans we have, and our server costs are going unpaid (out of my pocket).

At the present rate of 2 full 100% delegates + the 12% from another delegate supporting (beyondbitcoin), we are only able to realize $20 a day bonus payout and again with no money for dev.

I have polled and debated over the potential of setting up another delegate to bring in additional income to bring the bonus back up and give us some room to further the dev. However, given what we heard from bytemaster yesterday, this move may not result in community support with everything in flux as it is. It would mean an additional $10 bitUSD a day at current BTS levels to go towards the project, and I would be further out of pocket in more servers (currently everything related to minebitshares is taking 6 virtual servers and 1 dedicated server).

The plan we have to move it forward is awesome. From the cloud mining to the distributed EZ module, to being able to mine for REAL GOLD, we could have a very competitive offering to grow from and bring further transactions to the bitshares network and volumes of liquidity that could amount to tens of thousands if not hundreds of thousands of dollars a day.

I have a part time dev who has just been getting familiar with everything to prepare for the work but hasn't been able to move forward. They would require $600 a month on the low end.

I have debated over how to proceed with this project to make it grow on what little resources it now has to work with. I know there are many people in the community excited about the project, but at the end of the day, nobody really wants to put in BTS to be burned up in bonuses to miners even though it translates into more miners and more users in bitshares.

It seems ok with the delegate system however because at the end of the day it's not coming out peoples pockets personally.. it's coming out of the system and then feeding back into Bitshares.. especially with this project.

We know now from yesterdays hints in the hangout this delegate system is going to change rather soon. Given all of that we have made plans with the assuming of no more delegate support other than what we have as a sort of bare contingency to work with what we got. With all the information I have at present, I have planned accordingly:


Because our project is the best new user referred of all the others, we are anticipating that once BunkerLabs makes the updates and introduces the innovative new kind of cloud mining I have designed, we anticipate returns from referred user transactions as has been discussed at length by bytemaster to be coming soon.

We could see a turn around in the BTS price, however, it would have to go from it's present level up 5X to get to where this project can run on all cylinders firing again. Not likely to happen in the short term.

With all this in mind, we are posting this to a forum thread that is not locked. So if you have suggestions, thoughts, or wish to make some kind of contribution that would help things along. Please feel free to chime in. This project only serves this community to bring in transactions and new users at present.

- End of Status Report -

OPTION TO SUPPORT WITH DELEGATES

Now this is where there is an option to go beyond the bare contingency, and step things up.. if the community so chooses.

It has been suggested by others to make a bid to the community for contributions towards the 60k BTS to get a delegate for the project. While I have outlined the situation pretty clearly, I will leave this option open to the community to create the support needed.

So lets say someone offered 15k BTS right now, and someone else offered 10k BTS.. and so on until we reached 60k BTS to register a 100% delegate. We would pay that back in the first month following getting voted in + 10% (only fair to get something out of it personally). Soon as we reach 60k in pledges we will make a call for collection to each user and get the delegate started right away. If the pledges exceed 60k and reach 120k then we will create two delegates and so on. I would only call on for contributions once we do reach the 60k mark to fulfill on the pledge. So if we got say 90k in pledges, only 60k will be collected on until we can get another 30k to make the 2nd one.

If we get one delegate in, it will go towards the development first. If we see two, then the 2nd one will go towards bonus payouts to increase profitability. If we make 3 more (I would be really surprised), then that would go towards dev and so on.

Getting a 10% return on your BTS right now is a great way to grow it in the short term. I will personally call on everyone I can to get them voted in asap. I am hoping those that contribute also help us rally in the support.

I am creating this option as an opportunity for the community to provide the support that many have expressed a desire to bring to this project. This is the best way I see that happening that should be a win win for everyone if people in the community still feel the delegate system as it is will best serve this project. So to recap:


The only threat to this I can image in a sudden change as bytemaster has discussed where the delegates get shifted to workers. In that instance we would make our bid for getting worker support from the community and would still pay back all the contributors just the same, though I don't get a sense that this will happen within the next month anyways. Still, I am just making it clear that I won't backout of the lending agreement on this kind of technicality.

I think this is straight forward enough. I guess we will see what happens next. :)

Either way I am looking forward to turning MineBitshares into a lean mean BitShares users referring machines.

Hope the community decides to join in.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Pheonike on May 09, 2015, 04:43:28 pm

I will put 10k towards this.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: onceuponatime on May 09, 2015, 05:20:13 pm
I pledge 65K for this project.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: zerosum on May 09, 2015, 05:50:04 pm

How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Xeldal on May 09, 2015, 06:32:04 pm
Count me in.  I'll pledge 65K.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Ben Mason on May 09, 2015, 06:49:44 pm
I pledge 65k bts however, I'm away from home and last time I tried to run Bitshares on my windows laptop it wouldn't open. So my pledge is contingent upon my being able to get into my account before you need the bts. I'll be back home by Tuesday.

This is a great project and your efforts are greatly appreciated
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: iHashFury on May 09, 2015, 07:48:46 pm
15k BTS bid for this.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 09, 2015, 08:08:36 pm

How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?

It's extremely difficult to peg a set $ figured for this unfortunately because it varies from day to day. You can see on poolpicker.eu that we are top some days and scrypt and not on some.. same with x11. The infernopools numbers I wonder about if they are real. Nonetheless if we were to beat even them, it's relative to our mining that day. This is why part of our automated payment system is going to be set to feed in prices from all the daily reports of the pools to determine how much bonus we have to have to be even 1% above them.. though I have seen it posted as always 5% in some places. That is very rich in my opinion. Anyhow.. sorry I realize this doesn't answer your question directly, but the solution to the answer is in the development which is why I am putting priority on it over bonus payouts now.

What I can tell you is that we were more popular when we were paying out more in bonuses than we are now. :)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 09, 2015, 08:18:27 pm
Pheonike - 10k
Onceuponatime - 65k
Xeldal - 65k
Ben Mason - 65k
iHashFury - 15k

Current total = 3 Delegates

We are 20k away from a 4th!

If we can get just 50k more, we have someone in NullStreet has pledged to give whatever is needed to fill the balance of a complete delegate as well! So we would move from 5 to 6!

I am truly amazed at this support!

I never expected anything like this.

I am starting work on all the delegate servers now and will be in contact with all the pledgers for their contributions.

Looks like we are going to be rolling out dev faster than expected at this rate!

Keep it up folks! The doors are still open to anybody who wants to join in.

Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: zerosum on May 09, 2015, 08:21:06 pm

How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?

It's extremely difficult to peg a set $ figured for this unfortunately because it varies from day to day. You can see on poolpicker.eu that we are top some days and scrypt and not on some.. same with x11. The infernopools numbers I wonder about if they are real. Nonetheless if we were to beat even them, it's relative to our mining that day. This is why part of our automated payment system is going to be set to feed in prices from all the daily reports of the pools to determine how much bonus we have to have to be even 1% above them.. though I have seen it posted as always 5% in some places. That is very rich in my opinion. Anyhow.. sorry I realize this doesn't answer your question directly, but the solution to the answer is in the development which is why I am putting priority on it over bonus payouts now.

What I can tell you is that we were more popular when we were paying out more in bonuses than we are now. :)
well it is not really that hard ...
for each of the last 30 days :
1)-you take the top pool (or the second best*1.01) payout and subtract your pools payout for that day;
2)- you convert the difference in 1) in USD using the price for the day(or at the end the day for simplicity);
3) the sum of 2) for the last 30 days divided by 30 is the average you will need.

The problem is that if you do not have the above estimate (or other reasonable one) it is pointless to just throw "some money" for bonuses at the pool.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Frodo on May 09, 2015, 09:48:47 pm
I'm in with 10k. Where should we send the BTS?
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: lafona on May 10, 2015, 12:47:38 am
I can put in 50k but I won't have access to my wallet until tomorrow night.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 10, 2015, 01:47:20 am

How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?

It's extremely difficult to peg a set $ figured for this unfortunately because it varies from day to day. You can see on poolpicker.eu that we are top some days and scrypt and not on some.. same with x11. The infernopools numbers I wonder about if they are real. Nonetheless if we were to beat even them, it's relative to our mining that day. This is why part of our automated payment system is going to be set to feed in prices from all the daily reports of the pools to determine how much bonus we have to have to be even 1% above them.. though I have seen it posted as always 5% in some places. That is very rich in my opinion. Anyhow.. sorry I realize this doesn't answer your question directly, but the solution to the answer is in the development which is why I am putting priority on it over bonus payouts now.

What I can tell you is that we were more popular when we were paying out more in bonuses than we are now. :)
well it is not really that hard ...
for each of the last 30 days :
1)-you take the top pool (or the second best*1.01) payout and subtract your pools payout for that day;
2)- you convert the difference in 1) in USD using the price for the day(or at the end the day for simplicity);
3) the sum of 2) for the last 30 days divided by 30 is the average you will need.

The problem is that if you do not have the above estimate (or other reasonable one) it is pointless to just throw "some money" for bonuses at the pool.

The problem with that like I said is that it varies a great deal from day to day. Taking the top of the month and averaging it out isn't going to give us the # we need. Each day we are dealing with the spread of bitUSD to the market BTC that varies, and the cost of bitUSD from BTS in our conversion. Sometimes those spreads can be significant. Last night for example 1 BTC to bitUSD was $208 on blocktrades.us while the market was sitting at $245 per BTC. Meanwhile on metaexchange the spread was much closer to the market value.  While everyone else is reporting their payouts in btc/mh/day average our payout is in bitUSD and we have everything setup that way. We only generate a report in that conversion at payout that day. Also days were the pool was down for a while throw off numbers. Last month in particular we were having issues with some coins causing the pool to crash.

If we use what you suggested though and did some rough conversions without taking into account a lot of the above based on the top payout of the month, we are looking at a rough 'average' of about $95 a day between x11 and scrypt.

This is why the solution is really in the programming, there are days it doesn't have to be anywhere near that much, and others it does. This is also impacted by the changing price of BTC to USD day to day which you know can swing dramatically even depending on the time of day.

As I said, the solution is in programming the system to calculate all factors that day and come out with the appropriate bonus for that day.

Until we get that dev done attempting to subsidize to make the highest payout absolute daily is really hit and miss and will end up creating days with WAY to much bonus payout with some days where it's not enough. So consider the number I gave to me a very rough estimation.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: nethyb on May 10, 2015, 02:20:24 am
Great to see you provide the energy and passion to take this to the next level...

This icould have a huge impact in the mining community and awareness of bitshares,
I'll pledge 60K as well,

cheers,

nethyb.

Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 10, 2015, 02:26:38 am
WOW

Ok so with Frodo and Lafona that put's us now at 7 delegates total.

Ok guys.. This is where I have to say we are set!

I will stop this right there. This is going to provide the funds we need to get things underway soon as the delegates are voted in.

I will be in touch with everyone shortly.

Thanks to everyone... this is exciting!
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: xeroc on May 10, 2015, 07:58:24 am
... if the delegates are voted in ... not sure this will be as easy as you might think .. though you selling point is quite good
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 10, 2015, 09:20:27 am
... if the delegates are voted in ... not sure this will be as easy as you might think .. though you selling point is quite good

I never suggested it was easy. However, the odds are more strongly in our favour with the arrangement fashioned this way.

Take a look at the top 101.. we would not be displacing anybody else who is doing something with the position. Most of the funds end up right back in BitShares, and we are increasing the utility and volume of the network overall directly.

It's sort of a no brainer.

Voting in 7 delegates if done at the same time will take the same amount of effort as getting one voted in. It remains to be seen if the pledges all come through though :)

Why not make a little bit of bitshares history with the Delegates before it all gets changed around? :)
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: xeroc on May 10, 2015, 09:45:31 am
I'll vote for you and add you to my slate anyway ..

Good luck!
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: fav on May 10, 2015, 11:06:35 am
I'll vote for you and add you to my slate anyway ..

Good luck!

we're talking about giving a single entity power over almost 10% of the network. don't get me wrong, I really want to see MBTS success, but it's just too much to sustain a single project in my opinion.
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: xeroc on May 10, 2015, 11:12:14 am
I'll vote for you and add you to my slate anyway ..

Good luck!

we're talking about giving a single entity power over almost 10% of the network. don't get me wrong, I really want to see MBTS success, but it's just too much to sustain a single project in my opinion.
And this is exactly what will change with the worker proposal of BM .. that way he can have a bigger portion of the "pay" and not 'control 10%' of the network security
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: fav on May 10, 2015, 12:39:15 pm
I'll vote for you and add you to my slate anyway ..

Good luck!

we're talking about giving a single entity power over almost 10% of the network. don't get me wrong, I really want to see MBTS success, but it's just too much to sustain a single project in my opinion.
And this is exactly what will change with the worker proposal of BM .. that way he can have a bigger portion of the "pay" and not 'control 10%' of the network security

true, but why 7 delegates then? with the new worker system coming soon you only need one or two I guess.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 11, 2015, 01:51:04 am
Just an update on current contributions that have been made and confirmed in no particular order:

Pheonike 10,000.00
Onceuponatime 65,000.00
Dannotestein 20,000.00
Xeldal 65,000.00
Frodo 10,000.00
Ihashfury 15,000.00
Nethy 60,000

Total : 245,000 BTS

Total remaining pledges waiting to be received: 115,000

This amounts to 4 Delegates thus far.

I have received confirmation from someone who pledged that they will get the funds sent by Tuesday at the latest.

I am realizing now after I added everything up from everyones pledge that we are looking at in fact 6 delegates here, not 7!

So with this we are looking at 6 delegates!

I am waiting on the last two contributions, and then we will get started with the bids to vote shortly after I have all the delegate servers prepped and ready.

Wow guys.. exciting time and happy to have you all join in on this!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: fuzzy on May 11, 2015, 02:02:53 am
Just an update on current contributions that have been made and confirmed in no particular order:

Pheonike 10,000.00
Onceuponatime 65,000.00
Dannotestein 20,000.00
Xeldal 65,000.00
Frodo 10,000.00
Ihashfury 15,000.00
Nethy 60,000

Total : 245,000 BTS

Total remaining pledges waiting to be received: 115,000

This amounts to 4 Delegates thus far.

I have received confirmation from someone who pledged that they will get the funds sent by Tuesday at the latest.

I am realizing now after I added everything up from everyones pledge that we are looking at in fact 6 delegates here, not 7!

So with this we are looking at 6 delegates!

I am waiting on the last two contributions, and then we will get started with the bids to vote shortly after I have all the delegate servers prepped and ready.

Wow guys.. exciting time and happy to have you all join in on this!

I say we act boldly and do it.  The control over the funds will not need to be just in his hands.  We can give multisig capabilities to three-five trusted members.  Also could cnsider a contract until a specified period in time.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 12, 2015, 01:33:52 pm
Update on contributions.

Lafona 50,000

Unfortunately our last contributor was unable to participate due to, of all things, not being able to get into his wallet due to it crashing. Tech support request made but he has attempted in the past without success.

This gave us a shortfall of 65,000 BTS.

If someone still wishes to participate and take their place and can send the funds TODAY, then you are welcome to do so. Please send me a PM so that I can more quickly respond and get details to you.

If we have no other contributors thats ok too, I can make up the difference of the 5000 so that we are rounded off to 5 delegates total.

Either way I will have all the delegates ready to go by morning tomorrow and will have our bid for voting ready to go!

Looking forward to making a little BitShares history while we are still DPOS 1.0 :)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 12, 2015, 05:08:08 pm
UPDATE: New Contributor Added

Testz 65,000

We now have received 100% of all funds for all 6 delegates!

Total funds received 360,000 BTS

No further contributors needed!

The few hundred BTS difference in registering the delegates will go towards miner bonuses.

Next update on the delegates will be tomorrow as I announced in the earlier message.

Get your voting buttons ready!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: xeroc on May 12, 2015, 05:14:59 pm
Hurray! testz saved the day!
+5%!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Ben Mason on May 12, 2015, 07:23:31 pm
Thanks Testz! Legend.  Well done DataSecurityNode!   +5%
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: testz on May 12, 2015, 09:10:38 pm
Hurray! testz saved the day!
+5%!

Thanks Testz! Legend.  Well done DataSecurityNode!   +5%

Thanks!  :)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 13, 2015, 07:41:42 am
Just to let everyone know it will be more likely in the late afternoon than in the morning as I indicated yesterday.

Need at least some sleep tonight. :)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: xeroc on May 13, 2015, 07:52:41 am
Just to let everyone know it will be more likely in the late afternoon than in the morning as I indicated yesterday.
Have you ever heard about UGT?
http://www.total-knowledge.com/~ilya/mips/ugt.html
 :P :P
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 14, 2015, 04:48:24 am
I am not sure what is going on with bitsharesblocks, but for some reason only pieces of it are updating with some data in regard to the delegates.

As I post this, our new delegates thanks to all of you are still not appearing there, however, they certainly are available on the network an can be voted for there. So if you wanted to get the jump on getting your votes in...


HEEEEEEEEEEEEEEEEEERE They ARE!!

approve minebitshares-reloaded
approve minebts1.bunkermining-com
approve minebts2.bunkermining-com
approve minebts3.bunkermining-com
approve minebts4.bunkermining-com
approve minebts5.bunkermining-com
approve minebts6.bunkermining-com


All delegates are publishing feeds and delegate slates.

I will do my best to maintain 100% uptime since we are starting new with the minebts delegates.

I will post our formal bid in the delegate area of the forum tomorrow (xeroc no idea how to make that UGT :) ) and start the push to get votes after I see bitsharesblocks update and include our delegates.

Lets bring these Delegates home into the 101 and start growing all crypto and bitshares!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Ben Mason on May 14, 2015, 07:04:37 am
Go go go! Nice one DataSecurityNode! I still can't get in but as soon as I can I'll vote for all your delegates  +5%
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: iHashFury on May 14, 2015, 09:21:19 am
Added to my slate (https://bitsharestalk.org/index.php/topic,13539.msg208856.html#msg208856)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 14, 2015, 02:36:57 pm
Awesome!

Everyone else.. the Official Delegate Proposal can be found here:

https://bitsharestalk.org/index.php/topic,16340.0.html

Tell your brother, tell your neighbour, tell that guy that owes you.. VOTE TODAY!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: xeroc on May 14, 2015, 05:59:23 pm
add you to my slate
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 14, 2015, 10:01:18 pm
add you to my slate

Great Thanks!!!

(http://i58.tinypic.com/2agw13n.jpg)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: nethyb on May 29, 2015, 03:06:12 pm
Nearly there - at position 101  :)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on May 29, 2015, 03:23:42 pm
Nearly there - at position 101  :)

YES! We got 1.. just 5 more to go!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: fuzzy on May 31, 2015, 09:13:36 am
Nearly there - at position 101  :)

YES! We got 1.. just 5 more to go!

I'm bumping.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: tora62 on May 31, 2015, 10:11:12 am
bump + voted
Title: Re: MineBitShares Bid for Support + Status &lt; ACTION NEEDED
Post by: xeroc on May 31, 2015, 10:30:21 am
Nearly there - at position 101  :)

YES! We got 1.. just 5 more to go!

I'm bumping.
.. and I am pumped :P
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: fuzzy on June 05, 2015, 10:27:29 am
:)

I personally love the idea of people mining real gold and silver to the doorstep....

Now that the CryptoSmith delegates are voted in, this is the next logical step. 
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: nethyb on June 08, 2015, 04:28:23 am

I've already seen my daily scrypt mining payouts increase quite a bit over the last week or so - thank you!

I can only imagine what the profitability might be like if we had all these delegates voted in!

And  +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: fuzzy on June 08, 2015, 05:15:09 am
And  +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!

Agreed. Can't this be scripted?  That would be certain to make it MUCH easier for him. 
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: CalabiYau on June 08, 2015, 05:28:48 am

I've already seen my daily scrypt mining payouts increase quite a bit over the last week or so - thank you!

I can only imagine what the profitability might be like if we had all these delegates voted in!

And  +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!

Same here. It`s looking good - thank you !
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on June 08, 2015, 05:56:47 am
And  +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!

Agreed. Can't this be scripted?  That would be certain to make it MUCH easier for him.

One of the tasks the current developer working on the pool has includes automating payouts.. which is what started the other poll thread because when we get it updated we could have some other options.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on June 11, 2015, 05:19:31 am
Copy of Message Sent to All Lenders:

Good Day Everyone,

This is an update on the loan status of the 6 delegate bid.

This is being sent to all the lenders and being cross posted to the bitsharestalk forum for further verification.

As you may have seen in forums, I have been working hard to get these delegates voted in. I trust everyone has voted for them and has been talking to all our whale friends to get them voted in as well. As I write this we are currently at the following:

minebts1.bunkermining-com - 101
minebts2.bunkermining-com - 112
minebts3.bunkermining-com - 115
minebts4.bunkermining-com - 116
minebts5.bunkermining-com - 118
minebts6.bunkermining-com - 119

We are floating quite close to the 101 on all the other delegates. minebts2 seems to be getting more of a push than the others. I am always pushing for all 6 delegates to be voted for. Generally they have moved pretty close together. I hope in the next month we might see more of them voted in. Whatever you can do to help make that happen is greatly appreciated.

As agreed we have paid out the lenders to the one that got voted in on the first come, here is a copy of the transactions:

2015-06-11T04:50:58 2772478   minebts1.bunkerm... pheonike   10,999.90000 BTS   withdraw pay   48,895.09000 BTS   0.10000 BTS   4a07757b

2015-06-11T04:51:30 2772482   minebts1.bunkerm... onceuponatime   54,999.90000 BTS   withdraw pay  48,894.99000 BTS   0.10000 BTS   219783c8

Now that this repayment has been done we are clear to use the delegate funds now to put towards development. Hurray!

It will be great to get all 5 voted in next. However if minebts2 manages to make it's way up ahead of the pack, it will mean 3 more lenders getting their repayment then.

Now that the roadmap to 2.0 has been released, it is evident that my estimation that we are months away from realizing DPOS 2.0 was accurate. We are at least 3 months out from seeing the rollout of BitShares 2.0. So for the next few months we need to continue to press for our bid so we can get this growing.

If you have any suggestions on how we can further our delegate bid please feel free to share.

Have a great day!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: cusknee on June 11, 2015, 10:24:47 am
I've already voted for all of your delegates and encourage all others to do so as well. This project has clearly brought in the most new users.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on June 11, 2015, 12:30:16 pm
I've already voted for all of your delegates and encourage all others to do so as well. This project has clearly brought in the most new users.

Awesome thanks!

For those looking to vote, you can find more info at http://vote.bunkermining.com
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Akado on June 25, 2015, 03:05:47 pm
any updates on this? price doubled and u got one more delegate than you had before if im not mistaken, thats 4x what you were making at the beggining before the price rise.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on June 26, 2015, 04:13:17 am
any updates on this? price doubled and u got one more delegate than you had before if im not mistaken, thats 4x what you were making at the beggining before the price rise.

I wish it doubled! :) Market Cap since we started went up by about 60% which has been a little more helpful in enabling us to paying higher bonuses, but still nowhere near where they used to be still.

The additional delegate we had to pay back the bts that was loaned to get it. That was paid back just two weeks ago as you can see.

Initial programmer I had on the project to update it was a fail.. didn't lose any money on that thankfully, but lost time.

The process of finding the right type of people who can do this kind of work is difficult at the price I been attempting to get them at. I have only been planning for phase one updates for now. There simply isn't enough money to get the job done yet. So I been managing the pool daily as I always have been, attempting to optimize the payout process that takes me a few hours every day.

I have spoken with 4 other potential programmers with crypto and mining pool experience. One of them I am waiting for their proposal to get back, another put in their bid at $3500 to get it done.. I only have a fraction of that.. so I am negotiating further.. another was too busy with other projects, another never responded when I told them the budget, and I got one today might want to get involved.

Another who is a member here was only interested in helping/getting involved once we got all 6 delegates voted in.. "would be a start".

I still am encouraging everyone to vote for the other delegates because as I have stated, it's not enough where we are. The point of getting all the delegates now was to accelerate our development, but we are still not running on all cylinders to do that yet.

At present I am basically trying to save up to the point that we can actually get all the work for phase one done, and then I can start to promote it more. I was hoping the big announcement would see a bigger jump in market cap but that didn't play out.

Besides getting phase one done, I been working on how the pool can best be maximized in 2.0. I have a preliminary plan based on what we understand so far of 2.0.

Hope that answered your questions.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: iHashFury on June 26, 2015, 10:12:57 am
Thanks for the update.

Everyone support this important project by voting for bunkermining-com delegates.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: CalabiYau on July 11, 2015, 06:22:12 pm
POOL DOWN  - anyway, was an awesome experience the last days to receive very_nice BITUSD rewards. Hope that the pool will be up again soon. 

Thank you for this service.   
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on July 12, 2015, 12:03:33 am
POOL DOWN  - anyway, was an awesome experience the last days to receive very_nice BITUSD rewards. Hope that the pool will be up again soon. 

Thank you for this service.

Hi CalabiYau.. yes the pool was down for a number of hours today. It was a very bad day at the bunker today. We got it back online as you can see a number of hours ago.

You are right, payouts have been pretty awesome these past few days!

When I process payments today I will see how much of an impact todays outage had on miners and see what we can do to make up for it.

It's the first outage we have had since taking the pool over.. we took the offline opportunity to get updates installed as wel.
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: CalabiYau on July 12, 2015, 06:15:16 am
The familiar sound of the hash-generators is in the air again - thank you for this quick fix  +5%

After the heat wave is over I reconnect more HP  8)
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on September 01, 2015, 04:00:40 pm
Big Update!!

https://bitsharestalk.org/index.php/topic,18253.0.html
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on September 03, 2015, 05:18:37 am
Good Day Everyone,

This is an update on the loan status of the 6 delegate bid.

As you may already know, a few days ago we managed to get more of our delegates voted in!

This is fantastic news not only for the operation to move forward, but also for the repayment of the supporters who loaned the BTS to register the delegates needed.

We have posted an update on development of the pool thanks to this recent voting in here:  https://bitsharestalk.org/index.php/topic,18253.0.html

As I write this we are currently at the following:

minebts1.bunkermining-com - 20
minebts2.bunkermining-com - 102
minebts3.bunkermining-com - 96
minebts4.bunkermining-com - 95
minebts5.bunkermining-com - 104
minebts6.bunkermining-com - 101

This means we have 4 additional delegates and 2 still out of the 101. There is a good chance we will see one more get back into the 101 soon, and a possibility of the other coming up in the coming weeks perhaps once our updated mining pool comes out.

Anyhow, I am only posting this to let the contributors know that you are not forgotten, and that as agreed, you will be repaid as soon as the initial balance for repayment is reached with each delegate.

I urge you once again to keep on pressing for minebts2 and minebts5 to be brought into the 101 so that everyone can be fully repaid sooner than later. Please, all contributors and miners out there, update your voting so that we can get over the edge into the 101! There are currently two delegates in the 101 that are completely offline now that need to be voted out. With some effort we could fill those spaces and further the growth of this operation to bring volume to BitShares.

I will be following up with pay back posts once we start to reach those milestones in the coming weeks.

Finally want to thank you once again for stepping up and contributing your BTS to help make this happen so that we could be at this stage to enable the pool to grow and increase the value of BitShares.

Have a great day!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on September 12, 2015, 04:55:04 pm
Copy of Message Sent to All Lenders:

Good Day Everyone,

This is an update on the loan status of the 6 delegate bid.

This is being sent to all the lenders and being cross posted to the bitsharestalk forum for further verification.

In recent weeks we have finally gained enough support to make our way into the 101 FOR ALL DELEGATES!

This is great news for everyone!

The first contributors who loaned money for minebts1 had been paid back in full.

Today I am happy to announce we reached the milestone to enable payout in full for minebts4.bunkermining-com and partial payments for minebt2 and minebts3!

As agreed we have paid out the lenders to the ones that got voted in on a first come, and here is a copy of the transactions:

2015-09-12T16:04:22 minebts2.bunkerm... onceuponatime       16,499.90000 BTS        withdraw pay a32f6e45
2015-09-12T16:04:24 minebts2.bunkerm... ihashfury           16,499.90000 BTS        withdraw pay cf4bf62e
2015-09-12T16:25:59 minebts3.bunkerm... lafona              21,999.90000 BTS        withdraw pay b47f3a21
2015-09-12T16:27:05 minebts4.bunkerm... testzcrypto         27,499.90000 BTS        withdraw pay 11e14c14
2015-09-12T16:27:06 minebts4.bunkerm... alpha2              21,999.90000 BTS        withdraw pay b007bdd4
2015-09-12T16:27:09 minebts4.bunkerm... webxeld             16,499.90000 BTS        withdraw pay ad0fa6e2

Now that repayment of minebts4 is complete that delegate is now clear to put funds towards development that is currently under way. Hurray!

Others have been partially paid out as could be done at this time. We will make additional payouts next week to clear remaining balances owing.

Please continue to vote and support our delegates to keep them in the 101!

We are already underway with the programming to take the pool to Phase 2 development that will see many fantastic features that will go a long way towards attracting more miners, having the most profitable pool, and providing liquidity to all the BitAsset markets.

With 2.0 coming around in 31 days, we will follow through on our promise to continue with the advancement of this project and will submit a single worker proposal at that time. At least then we never will have to hear about how this many delegates is too much ever again.

Feel free to contact me if you have any questions.

Have a great day!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: iHashFury on September 13, 2015, 03:10:27 pm
I'm glad to be some help at the start of MineBitShares.

Keep up the good work.

Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: BunkerChainLabs-DataSecurityNode on September 19, 2015, 02:43:16 pm
This is a double post to make sure everyone is updated:

Copy of Message Sent to All Lenders:

Good Day Everyone,

This is an update on the loan status of the 6 delegate bid.

This is being sent to all the lenders and being cross posted to the bitsharestalk forum for further verification.

In the weeks before we managed to have all delegates voted in for a short time, however, as the market turned around we had old Chinese holders come back to buy Bitshares again and without updating their votes caused some of our delegates to bounce in and out of the 101 while dead delegates that had been voted out long ago reemerged.

You may notice I have attempted to reestablish the BitShares network with 100% delegate participation with another thread here: https://bitsharestalk.org/index.php/topic,18316.0.html

If you have contacts that can help with this please make the effort.

Regardless of this bouncing around we are at least in a position now to repay all but the remaining balance for one contributor.

minebts5.bunkermining-com is the only delegate that is coming up short for being voted into the 101.

I am appealing to anybody who might have a reach into the Chinese community to ask them to vote for our delegates.

Until then, I am happy to report on the following payouts being completed today:

As agreed we have paid out the lenders to the ones that got voted in on a first come, and here is a copy of the transactions:

2015-09-19T13:47:37  minebts2.bunkerm... lafona              32,999.90000 BTS        withdraw pay  e7a1ff8f
2015-09-19T13:48:54  minebts3.bunkerm... testzcrypto         43,999.90000 BTS        withdraw pay  9b7926bc
2015-09-19T13:51:05  minebts6.bunkerm... nethyb              65,999.90000 BTS        withdraw pay  495c44a6
2015-09-19T13:52:55  minebts5.bunkerm... hotwallet02         10,999.90000 BTS        withdraw pay  b6e8f246

Now that repayment of minebts2 minebts3 minebts6 is complete those delegates are now clear to put funds towards development that is currently under way. Hurray!

There is still one more contributor remaining with a balance of 55,000 BTS due that paid for minebts5.bunkermining-com.

Please continue to vote and support our delegates to keep them in the 101!

I am expecting to have an update on our current developments out sometime soon.

We have already announced that we will be updating all delegates to 0.9.3 and will continue as witnesses into 2.0.

Yesterday Dan announced that the current rate of pay for witnesses will be around $300 per month. While I am doubtful we will get all our delegates voted in to be witnesses, I still will proceed with submitting a worker proposal following 2.0.

I could potentially promise that if our witnesses get voted in I will dedicate $200 a month from each towards the further dev/support of the pool.. however I feel this is not the intended purpose of the witness branch of delegation. It might be seen as some kind of perversion perhaps? Nonetheless, I only bring it up as another possible course of action.

I do believe that going forward it is going to make more sense for the project to wind up all the delegates/witnesses and then submit a single worker proposal for the specific funding. This was what I originally promised also. Do you feel we should take a different direction?

Feel free to contact me if you have any questions.

Have a great day!
Title: Re: MineBitShares Bid for Support + Status < ACTION NEEDED
Post by: Frodo on September 19, 2015, 03:03:30 pm
Thanks for the update.

I do believe that going forward it is going to make more sense for the project to wind up all the delegates/witnesses and then submit a single worker proposal for the specific funding. This was what I originally promised also. Do you feel we should take a different direction?

I agree with that. Although running one witness would be fine imo. The rest should be done with help of the worker proposal. Multiple witnesses per person would undermine (pun intended  :P) all the effort to separate the two roles of workers and witnesses.