-[ANNOUNCEMENT]- ByteEnterprises Team Asset Release Announcement!– new asset and changes to old ones, also information on new pools and fees, and all the projects we have in the works for the BURST community!
The new website! - http://byte.enterprises Part 1 – The Open Community Offering (provide supporting contributions and get paid out based on them!) 
ByteEnterprises is the name given to the team of people that brought you
http://burst.ninja pool, with completely new pool code , as well as two older assets that were partially f’d up by LTCgear being “hacked” and/or being a Ponzi. This is one of the main reasons we have decided to go public, and fix our assets. (ByteEnterprises is just a name given to a team of dedicated BURSTers, it is not an actual company, and therefore this is not an actual public offering, simply an offering for the BURST community to support in the team and their projects.)
ByteEnterprises will be offering their asset called ByteEnt, this asset will be the whole of the team. It will be income from mining, the pool fees from both pools (minus operating costs), as well as other additions yet to be fully decided upon. There will be solid payouts from the asset, and it will be a long-term asset that should last a very long time. There will also be two other assets released at this time (information below.)
ByteEnterprises is a team that is DEDICATED to BURST, and will not quit. We have been here since the beginning of this wonderful coin, and we plan on sticking it out until the bitter end! Actually, we’d rather not see a bitter end, but rather the sweet success of a great coin!
ByteEnterprises values its supporters, and appreciates anyone who decides to place their hard-earned coin with us, with the confidence in the team that will prove a smart decision when supporters realize the potential within.
ByteEnterprises will continually be developing new tools and modifying the way the asset works, and will be selling asset in chunks to avoid too many large buyers getting a controlling stake in the team too early. Also, we will be keeping the majority for support of projects and the asset itself, benefitting the team, asset, and the coin itself. (Your supporting contribution is compounding.
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ByteEnterprises is for the betterment of BURST and the BURST community, as we believe wholeheartedly that BURST is the best crypto currency, period. We will be doing everything in our power to make the BTC community at large, understand this and come to believe it as well.
Part 2 – The assets Asset #1 ByteEnt Asset Name – ByteEnt
Total number available – 1,000,000 (10,000 equals 1% of the Team’s Projects)
Initial release amount – 6.7% (67 000 ByteEnt)
HardInvest transfer: 3.3%
Next Release Scheduled for – (to be decided)
Initial Release Price – 15 BURST (price will go up on next release, you get a bonus for joining early!)
Asset Number (ID)– 1800253871016293364
Asset Description – The asset ByteEnt will be an overall accumulation of the entire pool fee from both ByteEnterprises’ owned pools (minus operating costs. Hosting.) As well as mining power both in the forms of hard drives mining burst, and also possibly some ASIC power as well. Seeing as ASIC miners are not really making that much right now, we have yet to decide if we will include ASIC mining in this asset. But the asset will be backed with mining power. Initially, we will only release 10% of the asset, the rest of the asset payout will be going back into the team for future development (see current development projects below.)
The Rollover from HardInvest (one of the first assets we released, before giving ourselves the name ByteEnterprises.) – This asset has not been paying out for a while because we have been planning moving it into the new asset we’re releasing now. However, there has still been a miner running on the HardInvest account (although there were issues, and it may not have mined as much as it should due to some downtime, unavoidable.) Because of this, we have decided to give the people who put BURST into HardInvest, shares of ByteEnt. This will provide income once again from the asset, and it will make sure that the people who were awesome enough to provide support to us at the very beginning, start getting more out of their supporting contributions. The way it will work is this… There are 10 ByteEnt in 1 HardInvest, and seeing as HardInvest was 100 burst initially, this means early supporters are getting ByteEnt for 10 BURST as opposed to 15, a great deal for people who get in early! The HardInvest asset will be doing a payout BEFORE switching over to ByteEnt.
Asset #2 - ByteBankAsset Name – ByteBank
Total number available – 100 000
Price – 5 000 Burst
Asset Number (ID)– 15398588224704032134
ByteBank is about as smart as it gets in crypto. This asset pays out 2% monthly. You can cash out at any time, so unlike cloud mining, you can earn without ay risk!! The 2% earnings are backed by day trading, and it is safe, because if we make a loss, we cover it!! Any earnings over 2% go to ByteEnterprises, and any less gets covered by Byte Enterprises
This asset pays out dividends monthly. There is no minimum holding. 1 Byte Bank = 5k Burst. 2% of 5 000 = 100 Burst / month payout..
Asset #3 - ByteFundAsset Name – ByteFund
Total number available – 100 000
Intitial Price – 0.1 BTC (this will be changed in one week, based on fund worth after that one week)
Asset Number (ID) – 12264101129258427064
Much like Byte Bank, Byte Fund is backed by day trading. The only difference is, instead of offering 2% monthly, we offer 75% of daytrading profits. If we make 10% that month, you get an extra 7.5%, instead of just 2%. However, if we make a loss, the loss is yours too. It's just a higher risk, higher rewards version of Byte Bank. The other 25% goes to Byte Enterprises.
This asset does not pay out dividends, rather we maintain buy and sell orders reflecting the value of the assets. We will try to update this price daily.
Part 3 – The ByteGear asset… and its possible demise because of the possible failing of LTCgear.com
As everyone may or may not know, LTCgear, a cloud mining site that offered the best ROI out of any cloud site… had a lot of assets based around it, both in NXT and BURST… As you also may or may not be aware, LTCgear has not been paying out in over a month, for which they claim a hack, scrambled database, and fake shares now in the system, as the problem. They are still posting nothing but stupid ETA updates on their site, and not really giving any REAL information. They SAY that they’re upgrading and fixing things, but in all honesty, I’ve given up on them, as well as my VERY LARGE investment I had into them in both BURST, and BTC. Both directly and indirectly, I had purchased quite a bit from LTCgear.
I realize now that it was a stupid idea in the first place, whether the company was legit or not, to have that many ‘eggs in one basket’, and I have vowed to never do that sort of thing again.
Now, what is going to happen with our ByteGear asset, which used to be based on mining power from LTCgear, is kinda up in the air right now. On one hand, we’re still holding out a tiny tiny thread of hope that LTCgear will come back into operation. IF that happens, and that’s a BIG IF… we could return the asset to normal functionality… but even if LTCgear DOES come back, I suggest putting your contributions into multiple assets. Having too much based on one company doing one thing without any real solid proof, is never a good idea, regardless of however many people have ROI’d already from it, bought cars, houses, etc.
Our plan is this… We will wait out LTCgear for a while longer, whilst at the same time accruing physical mining hardware (from the team, however NOT with burst until we feel there is enough volume on the coin as such that the sell orders will not hurt it. ) and continue to build both BURST and BTC farms. Once it’s realized one way or the other, that LTCgear will or will not come back, we can make the final decision on what to do…
One suggestion is to back a newly named and newly created asset with some ASIC (physically in hand) hardware, or something close, and start back up with weekly payouts. However, like I mentioned before, almost all ASICs right now are not going to ROI unless BTC starts coming back up in value. This is only because the power bill must be paid in USD. So it’s difficult to decide on whether to use ASIC hardware or not…
Another idea could be to roll ByteGear into ByteEnt as well, and just give ByteEnt more mining power. I think at this point I favor this idea, because it will benefit both asset holders, and limit the number of assets we have, therefore making the minimal assets provide more. I am open to suggestion here. Feel free to comment.
Part 4 – The Projects of ByteEnterprises! In the past, ByteEnterprises was one of the first to start a BURST pool and asset. We had a lot of issues at the beginning, causing us to lose the pool for a while. We had back to back issues and it was a struggle in the beginning. We then made management changes, put some new people into the scenario, and pulled out of our low point.
Now, we’re doing GREAT! We own one of the largest pools (burst.ga) as well as a BRAND NEW pool code, and pool that was fully written from the ground up by a developer on our team named catbref. catbref is an amazing developer who is currently working on the pool, a miner, and a few other projects for ByteEnterprises, he’s a Linux developer and he’s incredible. He, along with multiple other developers, work for ByteEnterprises, and help us to make our team into the strongest in the community!
Current Project List…
1. Completely new pool code built from the ground up at http://burst.ninja
2. Block Explorer (currently in development by Irontiga, has a crap ton of awesome features that no other block explorer has, and will be ready for public use very soon!) The site can be seen at https://block.burstcoin.info (but it is still in development, so don’t get all hyphy.)
3. Online Wallet (part of the block explorer, and will allow you to buy Burst assets for th best price with BTC!!)
4. Online Cloud system (also part of block explorer, which will end up on domain http://burst.city ) This will be a while in implementation due to BURST and BTC price
5. Miner (currently in development, will not release other information yet.)
6. TWO large BURST farms that will eventually be turned into a large BURST cloud project, once the prices are at a level where the cloud project would be mutually beneficial. Until that time, the farms will be mining for the asset, the developers (including ones not related to ByteEnterprises, such as the boss burstdev!) and myself (since I am building the farms with my own money, and not using any cash from the team. If down the line, we decide we would like to use money from the team to further these projects, we will dedicate more power to the team account.) A. The farm1 will be a farm built in the city, it will be monitored by an IP surveillance camera that members of the cloud mining project will be able to watch, so they can see their mining taking place, this is something that no other cloud company does. There will also be many pictures to prove the hardware, as well as mining addresses made public, and given nicknames that are easy to see in the new pool’s awesome alias reading and posting system. The members and non members alike will be able to see how much is being mined by the farm addresses.
B. The second farm is the big one, this farm is going to take longer in development, but it will come out as something that I’m thinking I’m going to try to get sponsored by Western Digital, or another Hard Disk manufacturer, as it is a project that they should take interest in. The farm will be FULLY OFF GRID, AND FULLY GREEN. It will be powered by a fully custom built Hydro-Electric power station (that we already have, and I will post pictures of.) and run in the middle of nowhere at an undisclosed location. The power setup and building necessary is already there, I just need to get an internet connection and a few other things squared away (such as how much total power needed VS how much total power output by the two separate Hydro-Electric power stations. This farm should be fully green and almost all profit seeing as the power is free. I am very excited about this project, and will be posting announcements with details, pictures, and project’s steps. I will also be posting donation addresses so that anyone who would like to help with the initial costs, that would be greatly appreciated, and whoever would like to give assistance can do so.**note - second farm is now under decision whether to do it or not. Will announce decision when made.**7.
MUCH MUCH MORE to come! We have only touched the surface of what ByteEnterprises is going to do, and what we are capable of. We’re very excited, and very dedicated to this project and its success!
Thank you all for taking the time to read this, and we look forward to the future of both ByteEnterprises and BURSTcoin, the most amazing crypto currency in existence! Hopefully you see that ByteEnterprises is nothing but a fully legitimate, transparent team with nothing but the best of intentions. We will NEVER deliberately do anything that will affect the coin negatively. We are wholeheartedly devoted to BURST and its bright future, and I for one am more than willing to take temporary losses in order to see the overall success of the coin. Even though I hope losses shouldn’t be necessary, of course.
The future is here, the future Is now, the future is BURST!
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