BitShares Forum

Other => Graveyard => BitShares AGS => Topic started by: jwiz168 on February 21, 2014, 01:09:49 am

Title: what advantages/disadvantages do btc donations
Post by: jwiz168 on February 21, 2014, 01:09:49 am: Hi

is there advantages/disadvantages that donations of of BTC (bitcoin) for AGS exceeds more than 50BTC(5000 AGS allocation /day) . It has come to my attention that last week I had donated just 0.059 btc and yielded 5.4 AGS. Total BTC donated that day was 54 BTC. When I again donated a higher BTC value of 0.147 btc, it yielded only 4.8AGS. a much lower value , but total BTC donated was 150. What are the factors determining the values of AGS?

Thank you
:)
Title: Re: what advantages/disadvantages do btc donations
Post by: toast on February 21, 2014, 01:14:42 am: ags_reward = your_donation * 5000 / total_donation
Title: Re: what advantages/disadvantages do btc donations
Post by: jwiz168 on February 21, 2014, 01:22:46 am: OK so these are the factors, hmmm how about the advantages/disadvantages that the allocation has been exceeded by donated btc?

Quote from: toast on February 21, 2014, 01:14:42 am
ags_reward = your_donation * 5000 / total_donation
Title: Re: what advantages/disadvantages do btc donations
Post by: toast on February 21, 2014, 01:32:19 am: What do you mean that it exceeded the allocation? 50 btc is as arbitrary as any other value. Are you saying BTC AGS donations are undervalued?
Title: Re: what advantages/disadvantages do btc donations
Post by: jwiz168 on February 21, 2014, 01:44:49 am: Sort of like that. The more people donate their btc for 5000 AGS allocations as i have observed, the less AGS . <--- disadvantage . I have also noticed that even though I got less AGS the value of it against USD is higher. <--- advantage. Is this correct?
Title: Re: what advantages/disadvantages do btc donations
Post by: toast on February 21, 2014, 02:28:53 am: Correct. The price of BTC has dropped, so people who were dollar-cost-averaging got an advantage and people who were bitcoin-cost-averaging got a disadvantage.
Title: Re: what advantages/disadvantages do btc donations
Post by: progmac on February 21, 2014, 03:24:08 pm: i finally got around to donating yesterday most of what i had planned on donating and it was just brutal. trying not to think about it too much.