Thanks for the answers, CBC! That covers everything I can think of right now, and everything looks good. Definitely going to put some thought into jumping in on this,  . |
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
Ranlo - I think we're on the same page! Lot's of factors to consider. Simply put, our goal is to be far and away #1 in non-dice bitcoin gaming - and we appear to be on the growth trajectory to reach that. By my estimates, we have roughly close to a 5% chunk of that market now, and growing. Our shareholder's support & input will be a huge part of us getting there. Yeah, I definitely get where you're coming from. The downside is that the market can have massive swings up or down at any point. It's more of a long-term investment than anything. On the other hand, people always gamble, and ironically as the economy gets worse people gamble more and more. So are the shares based on their part of the total profit each month, or is there part being taken out of that each month? Best breakdown would be like this if possible: Let's say there is one share someone owns and their fragment of the profit was 1 BTC. Would their dividend be the entire BTC, or how would it break down? Ranlo - I agree - this is one reason we intend to focus on competitive advantages and serve our own "niche", whenever possible. We're targeting roughly 75% dividend / 25% reinvestment to start - this will be well defined with each dividend for share holders. Is there any "management fee?" And you will be proactively marketing with part of the 25%, correct? |
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
Ranlo - I think we're on the same page! Lot's of factors to consider. Simply put, our goal is to be far and away #1 in non-dice bitcoin gaming - and we appear to be on the growth trajectory to reach that. By my estimates, we have roughly close to a 5% chunk of that market now, and growing. Our shareholder's support & input will be a huge part of us getting there. Yeah, I definitely get where you're coming from. The downside is that the market can have massive swings up or down at any point. It's more of a long-term investment than anything. On the other hand, people always gamble, and ironically as the economy gets worse people gamble more and more. So are the shares based on their part of the total profit each month, or is there part being taken out of that each month? Best breakdown would be like this if possible: Let's say there is one share someone owns and their fragment of the profit was 1 BTC. Would their dividend be the entire BTC, or how would it break down? |
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
Valuing seed finance based on current profits is almost useless in my opinion. If you want 'crazy valuation' take a look at the Justdice.com IPO  Honestly, the vast majority of IPO's in the crypto scene are directly marketed towards people who don't know any better and assume everything is going to make a profit. I won't go into too many details but I know for a fact a few have overpriced knowing they were overpricing, solely because they knew people were stupid enough to buy into it anyways. One has even agreed with me that most people here have no business investing, but as long as they are you can get rich off them, XD. |
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
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So how does $10k (let's estimate each BTC as being $100 and just say it's 100 BTC) + 625 BTC somehow end up being worth 4860 BTC? Based on my mathematics that's only 725 BTC (and that is a LOW estimate), far from being even close to your valuation.
Where's the other 4155 BTC coming from?
Current assets, go into but are not the only thing guiding the valuation, in brick and mortar 2-5 year profits are utilized to value the company in a sell. uvwvj, Exactly, I think that's the payback period "pitched" for many franchises out there. Then where are the profit/loss statements? I saw nothing to tell that. The closest thing I could find was deposits/withdrawals but that doesn't mean anything. |
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I read through the prospectus but there's a couple things not clear:
1) How much did your Pre-IPO investors pay per share?
2) What are you bringing to the table that is worth 70% of the shares total? What is the investment amount so far, etc.?
Great question - Let me know if I can elaborate further: 1 & 2 - This can be approximated by viewing our current assets ($9,840.00 & 677.3100 btc minus player balance ~52 btc) divided by 15% of shares sold pre-IPO, and what founders contributed as well, which is significant. The IPO price is based on the same model we've used for all pre-IPO investors, increasing over time in part based on growing weekly earnings. As we've had significant private offers for funding, our Havelock IPO is not so much about money, but outreach to smaller investors and increasing our profile. In addition to a significant amount of assets already (book value), we are bringing years of development, management, marketing etc. experience to the table, resulting in continued growth & success of CasinoBitco.in. As almost all development & effort is handled internally without a salary, we're putting in a lot of hard work in, and will continue to do so. So how does $10k (let's estimate each BTC as being $100 and just say it's 100 BTC) + 625 BTC somehow end up being worth 4860 BTC? Based on my mathematics that's only 725 BTC (and that is a LOW estimate), far from being even close to your valuation. Where's the other 4155 BTC coming from? |
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I read through the prospectus but there's a couple things not clear:
1) How much did your Pre-IPO investors pay per share?
2) What are you bringing to the table that is worth 70% of the shares total? What is the investment amount so far, etc.?
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Just tried to make a withdrawal:
Inputs.io error: "NO_BALANCE"
Sorry about that, had to top up the inputs.io wallet. It's topped up now, just awaiting confirmations. EDIT: All confirmed, if you try again it should work It worked and it was INSTANT. No more waits, . Thanks! Now we just need more advertisers on-board again. Looks like all the campaigns had massive drops over the past 12 hours,  . |
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Just tried to make a withdrawal:
Inputs.io error: "NO_BALANCE"
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Dude, donīt allow custom JS script. Really, donīt. I could use that to grab cookieīs, to install malware and so much more.
I guess in this case what could be done is a "filler code"... like this: Let's use your Bitads style for the example... <center><div><iframe scrolling="no" frameborder="0" src=" https://bitads.net/gimg.php?id=37" style="overflow:hidden;width:468px;height:60px;"></iframe></div></center> Alright, what you would do is allow inputting the user's id#, such that your code (pseuducode) would be like this: $bitid = 37; echo '<center><div><iframe scrolling="no" frameborder="0" src=" https://bitads.net/gimg.php?id="'.$bitid.'" style="overflow:hidden;width:468px;height:60px;"></iframe></div></center>'; Would that help with safety? You could even set the type of input id could be such that it could only be a number. Actually, I think this would be worthless. The custom code is only for our OWN fallback. If we were going to implement something destructive, we could just do that in our own websites, considering we have full access. So there's no reason to add "safety" features to the fallback code. |
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Dude, donīt allow custom JS script. Really, donīt. I could use that to grab cookieīs, to install malware and so much more.
I guess in this case what could be done is a "filler code"... like this: Let's use your Bitads style for the example... <center><div><iframe scrolling="no" frameborder="0" src=" https://bitads.net/gimg.php?id=37" style="overflow:hidden;width:468px;height:60px;"></iframe></div></center> Alright, what you would do is allow inputting the user's id#, such that your code (pseuducode) would be like this: $bitid = 37; echo '<center><div><iframe scrolling="no" frameborder="0" src=" https://bitads.net/gimg.php?id="'.$bitid.'" style="overflow:hidden;width:468px;height:60px;"></iframe></div></center>'; Would that help with safety? You could even set the type of input id could be such that it could only be a number. |
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Can you add in fallback ad code boxes as well? For now we can put in a custom image + link, but we can't do a fallback to something like Adsense/A-Ads/etc. It would be better if we had those options open as well.
How's this? (You can place <script> tags in here for custom JS)  That's perfect! Thanks, . |
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More like plugins
Having that in apps would be cool though
Like wordpress plugins etc? Also, I have added description boxes to bid pages  Can you add in fallback ad code boxes as well? For now we can put in a custom image + link, but we can't do a fallback to something like Adsense/A-Ads/etc. It would be better if we had those options open as well. |
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Can someone please share your settings and reject % for the fast coins (like the current WDC)?
I set expiry: 1, scantime: 1, queue: 0
I get ~70% rejects like that. With expiry/scantime both at 5 I get 75% rejects...
Note: this is with ~7 MH/s. Is that normal?
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I think clicks are broken again.
I think so as well... |
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What bitcoin-related websites offer direct buy banner advertising? Newsletter advertising?
I've heard there are a few bitcoin ad networks? Are they good?
Bitcoin affiliate network?
I'm putting together a marketing plan for a bitcoin startup and need to know where best to target ads to bitcoin users. Thanks.
If you want to toss me a PM, I can discuss a PR campaign for you, hitting many different avenues (and not simply writing up an article and hoping people pick it up, :p). It's definitely not cheap, though, but I may be able to work something out with you depending on your budget. |
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New request too: make the script for ads asynchronous. I just ran some depth tests to see what's lagging out my site... the results are:
Without Bitads: 10 MS (yes, ten milliseconds)
With Bitads: 4480 MS (4.48 seconds)
The difference is MASSIVE. And this wasn't tested locally, either. It was run through other analyzation sites.
I have noticed that too, would be a nice feature. Based on a run of your site, you would go from ~2.9 seconds down to less than 0.5 seconds most likely. A major jump for you too. |
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New request too: make the script for ads asynchronous. I just ran some depth tests to see what's lagging out my site... the results are:
Without Bitads: 10 MS (yes, ten milliseconds)
With Bitads: 4480 MS (4.48 seconds)
The difference is MASSIVE. And this wasn't tested locally, either. It was run through other analyzation sites.
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Do u have any plans to add new coins for making more profit ?
No, not at the moment. There aren't any more coins that would be profitable with our hashrate. I'll need to split up our hashrate, but that's difficult, so it may be a while. For FTC, have you upgraded the client yet? http://forum.feathercoin.com/index.php?topic=3502.0 |
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