Bitcoin Forum

Hi theymos,

I wanted to open this public thread just to ask you if it is possible to post the current forum finances. Basically a thread/update like this : https://bitcointalk.org/index.php?topic=780707.0


Thanks for the attention.

Just yesterday i had the same idea! Good post, i follow for update.

Nothing happens?

Another interesting thing could be to eximate the total value of transactions bitcoinche pass through Bitcointalk, understood as the set of BTC paid to members for campaigns + the total trade that takes place between the various marketplace sections (lendig, good, good digital etc), also considering the various local sections. I think you will reach the impressive amounts, perhaps 1000-2000 btc day. What do you think?

1000-2000 BTC is too high. Drop that down to a way lower amount. I'd estimate even something like 1 to 50 on a daily basis, but it's all conditional. Usually, physical coin sales/auctions would increase that marginally as well as payment dates when all of the campaigns collectively send bitcoins. Unfortunately, you wouldn't be able to calculate accurately due to the fact that YoBit isn't transparent with payments.

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I'd also be interested in seeing the finances.

Not sure if it's been posted (I searched and couldn't find anything) but are the 2014 finances public? If they aren't, and this request is fulfilled, will that year's finances be included?

I haven't finished with 2015 yet.

2014 is as follows:

Wow, that's a lot of expenses.  Was that calculated using the current price of bitcoin at the time that you paid those?  They were paid in bitcoins, right?

Yes, it's the value at the time of the transaction. All income and most expenses were paid in BTC.

I'm sorry if I misunderstood,

I see

Income:
Donations: $ 114.78
Ads: $ 419,671.12

and

Expenses:
Fees & services: $ 10,886.03
Forum software project: $ 1,151,595.23
Other contractors: $ 39,297.05
Mod payments: $ 104,575.79
Bounties: $ 505.30

This means that the money to cover the expenses of the forum comes from advertising and donations?

I see that Forum project software cost $ 1,151,595.23 in 2014. this means that in 2016 the cost to keep the forum will be higher.

As the forum intend to pay many expenses this year?

Who are the developers forum? are members of the staff or theymos program alone?

Excuse me for asking so many questions I'm just curious.

I think you should start here -> https://bitcointalk.org/index.php?board=167.0

It will answer most, if not all of your questions.

You know looking at the simple design of this forum, it is almost hard to believe that a sum as large as that flows through on a daily basis.

Yes. AFAIK most of the money for expenses come from old donations that the forum has had for several years.

Err, why do you say that the cost to keep the forum will be higher? Once the software is done, there will be no need to spend any money on Forum Software.

What does the design of the forum have to do with the amount of money that the forum makes and spends? I'll tell you: NOTHING!! Please stop spamming

I'm just courious to see how the forum worth. If we supposed to list Forum on Market exchange what is the fair value? Should forum create a profit for a potential investors?

I'll never know why so many people are interested in the forum finances, how money gets spent etc, especially if they've never donated anything.

Odd.

I think it's just interesting to see what kind of expenses and income a forum of this size has. I was quite surprised to see that the forum made ~ 645 BTC (at current prices) from ads during 2015, I thought that ads would have brought in a lot less money.

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On a different note, I remember that the forum used to be sponsored by PIA, and PIA hosted Bitcointalk. I don't see a note at the bottom of pages on the website anymore stating that PIA sponsors the forums - has this deal ended? If so, I'd be curious as to what the estimated annual cost is to host these forums. I don't imagine it would be too cheap for a website this size.

I think theymos ended the deal around a year ago.  He said it here (https://bitcointalk.org/index.php?topic=1142885.0).
Though the ad at the bottom didn't get removed until months later.

Thanks for the information. I was under the impression that the forum still had ties with PIA in the form of their hosting sponsorship. A little off-topic, but any idea why the sponsorship deal was cancelled? IIRC a few months back there was some discussion as to how much control theymos had over the Bitcointalk servers (could he truly secure them if PIA hosted the servers?) but I think that discussion was just among the community here and theymos didn't chime in.

>Other contractors: $39,297.05
What was this for?

Really nice thread started and as i am new i just saw how this forum is running by the post made by theymos.
Donations are pretty less i think and alot of different expenses.

So much maintenance spent

If you haven't donated why is this anyone's business much less concern?


~BCX~

It's true that this is none of the 'normal' users' business but I do like to see how the forum is going.  The auctions and adstats tells a lot but knowing more doesn't hurt, the forum might be in a bad shape and the users won't even know it (to do anything about it).

That's how much it cost to rent the yacht out in the Bahamas for last year's Staff Christmas party.

I thought blockstream paid for that, or at least them paying for that party would explain all the blockstream speakers there. I was also under the assumption that the party cost a lot more then $40k

Thanks theymos, waiting the finances of 2015.


It's really appreciated :).

Well, I am happy to know that the forum is doing well. This talk about listing it on the stock exchange is interesting, does that mean forum members can buy shares sometime in the future?

Wow, where can we sign up for that? :D Haha

The pineapple in your avatar ;D

If we ever need a new forum from scratch I will do it for 1.5m $ ;)

Wow they spent a sh*t tonne on this forum in 2013. I wasn't on this forum when it happened, does anyone know what changes occurred? I also quite curious to see what it has become since then.

Not exactly. 2013 was the time just before Gox, when the bitcoin price was $1200, wasn't it? The value of bitcoin was multiple times more expensive than in the year before.

It's good to see forum is covering it's expenses and making sime profit from ads. Except the expenses for new forum software are covered from forum reserve.

Are you serious? Was that necessary...

No, he was being sarcastic.

Bump.