ah ... thats good news. fee share is going to earn 30% PoS too ...
I don't think that's what he is saying. He is saying the SHARE used to buy FeeShare is what is used to pay the extra interest to ShareCoin holders in the exchange. |
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But then, didn't the multipool pay out through using the FeeShare sale money? If so, what coins are actually generating the interest for FeeShares?
Urg my head hurts.
Yes and yes. The multipool distributes from Exchange help SHARE, then places a BUY order at that price to replace that SHARE back into the Exchanges wallet. So, the net change of SHARE that the Exchanges holds due to the multi-pool is 0. |
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Please give a rational argument to back up how a dev that gave away all the coins as well as giving away all the profits of fee share is killing the coin and exchange.
To be honest, I don't want to spread FUD. I am a rational man. 100,000 fee shares exist. Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19. How much trade does it require to make 5000 btc by an exchange? With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex). Input/return is too small for such an investment. By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?). Focus on how to improve the exchange, promote the sharecoin is the importance. You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant. ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate. All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change. All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased. So basically, the exchange is now valued at 10 times less than your calculation. so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange? so they get 12,000 ShareCoins in a year (for the first year)? So 12,000 SHARE + 0.001% of ShareXcoin's profits? Yes, basically it is calculated like that. A detailed and official announcement about how interest are paid will be published in 3 days after FeeShare sale closed. Why would you withhold information like that until after the FeeShare sale is closed. If you are paying 30% interest of 20,000 SHARE to FeeShare holders shouldn't people know about that before the offer closes? |
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Interesting, I applied through form on the site. Presentation and website look very nice.
I will continue to pay attention to this thread..
To late. The giveaway is completed. The only way to get SHARE now is to buy on an exchange. |
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This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/aboutBefore making any argument. Try to understand the system first. Basically, ShareCoin generated from FeeShare will go straight back to the ShareCoin holders through the Exchange interest rate. I explained this multiple times in the thread already. except for the sharecoins you are selling at whatever price you feel is fair to the multipool? I'm sending ShareCoin to multipool at a fixed market price at the time of buying using ShareCoin generated from FeeShare, then I place an order at that exact same price with all the bitcoins. Instead of just buying up all sell orders, this will bring more ShareCoin for the multipool's miner so I don't see how can it be unfair for them? may have misunderstood. how are you deciding the fixed market price? are you buying at the current market price, or just something you feel is proper price? I'm placing a buy order at the current bid rise, of course will skip the small amount bids . You once said you think sharecoin is extremely high,but you still use the multipool money to buy the sharecoin at 400 satos.what do you say? you make me become a fucking bagholders,fuck you idiots. The multipool does NOT buy at 400. It buys at the current market bid. |
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Pbmining hi my friend just purchased from your site his name is Customer #: 7158
The payment was sent but It took a little time for the payment to confirm I was wondering if it go missed on your end usually when he buys from your site it is up and running in a few hours
He doesn't have an account on here and since I referred him I am relaying this message for him.
1181511020901 order number
0.51947158 bitcoins. For 98 gigs
Sent the payment 7 hours ago
Thanks I also sent u a pm
I recently bought some and right after I bought it said it takes about 12 hours for the contract to get set up. |
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So.... when exactly does the interest begin crediting to our accounts from sharecoin held in exchange? and then payouts from feeshares?
Exactly? I don't know. Should be soon, that last persons payout on the initial distribution is about 40 minutes away. FeeShare Payouts were supposed to start after that. Interest payout starts 3 days later. |
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MOOOPOOL (my sig) has 150MH, and correction !% bonus payout on every block not 1NAUT bonus  forgive me.. Still offering 10NAUT payout bonus to block solvers! i checked all pools listed , can't find where 3gh is I wonder if some of it is on multipools. Although, they are supposed to drop off. This is that bad side to having the coin on an exchange with an API.  |
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Getting paid feels good  . On a side note, is there demand for an iPhone version of the app I've published? Also, always looking for people to help test it out, including beta versions. PM me if you're interested (Android or iPhone). What does the app do? Currently, you plug in your Customer ID and it grabs your hashrate and balance. See pictures below https://www.dropbox.com/sh/qm6kn16ym7dj7b3/AAACx5Cyy9wgknh72LknHBZ5aIt does not ask for user credentials (and I'd prefer not to), since I'm having to send information to my personal server to scrape PBMining.com (since they don't have an API or API-Keys). I can add other features as requested, but I only started working on it 2 days ago or so  . Cool. But I have an iPhone, so iOS version would be nice. Yeah, but you can't get unofficial iOS apps that easily. Can you get it on Cydia? My phone isn't jail broken. You just have to pay the $99 fee and meet the submission requirements. Maybe this dev doesn't want to do that for a free app... I understand that. |
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Can somebody host the 32 bit wallet for this coin if they have it? The main website's link isn't working.
We just reset the link --should be working This happens in Chrome. This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Error>
<Code>AccessDenied</Code>
<Message>Access Denied</Message>
<RequestId>7A209CCEB7375ED8</RequestId>
<HostId>
5kOnvnllOAxL37/7iyQ8bEqdZFj8XjESeVSbipuAcdwsQLrFSVZ7XloWXv4lU/bU
</HostId>
</Error> I just attempted to d/l the 32 Bit windows wallet with Chrome from http://www.nautiluscoin.com/, and it worked without issue. |
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hi,
i love this exchange, very fast and nice user interface
best feature i think is we can sort %change from market
but i have one problem, i can't sync 2FA from google authenticator
anybody success activate 2FA?
YEs, I did it no problem. But I recall someone else having an issue. He sent a support ticket and it got cleared up quickly. |
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Getting paid feels good . On a side note, is there demand for an iPhone version of the app I've published? Also, always looking for people to help test it out, including beta versions. PM me if you're interested (Android or iPhone). What does the app do? Currently, you plug in your Customer ID and it grabs your hashrate and balance. See pictures below https://www.dropbox.com/sh/qm6kn16ym7dj7b3/AAACx5Cyy9wgknh72LknHBZ5aIt does not ask for user credentials (and I'd prefer not to), since I'm having to send information to my personal server to scrape PBMining.com (since they don't have an API or API-Keys). I can add other features as requested, but I only started working on it 2 days ago or so . Cool. But I have an iPhone, so iOS version would be nice. |
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so if we deposit BTC to our mining address you will trade them for sharecoin and add an equivalent buy wall?
 So fishy, that I am speechless  Let dev trade for us our BTCs because we can't do it ourselve Some people are really asking to be scammed (shame on you for suggesting that) How can you speak like that...really now? Is there somebody forcing you to do any of this? you can mine on waffle multipool and trade the btcs yourself Why are you talking like somebody is forcing you to do so. From my point of view the dev is doing a favor to the miners, being able to buy coins for lets say, 1 BTC without modifying the price, means you can buy all the coins at that current price of the market, bringing you more coins, because its pretty hard to find many big walls at one stable price... Well, troll how much you want... Ppl who should understand the thing are already understanding it even if trolls try their best Cheers People who didn't understand are on many "I have been scammed" thread... You give back to dev your sharecoin against FeeCoins, then You rebuy your sharecoin with BTC payment directly in a pool address to a supposedly better rate than market price This is just telling people to go into some weird IPO. Dude, you don't rebuy anything the dev is not selling freeshares You did not understood a thing from this. You buy freeshares. The sharecoins are distributed to miners from multipool. The devs buys more sharecoins in the market with those BTC's from multipool, which are distributed for free, to people as an added stake rate in the exchange, and added 30% stake/year to those that already have sharecoins... I like how you ppl post things considering you don't understand not one thing repeating myself again, dev exchange FeeShare against Sharecoins. He doesn't need to buy any to give them to the miner (what is the hashrate of the multipool at the moment ? Your 10BTC example is nice but is it the case atm ?) You repeat yourself for nothing...you just refuse to comprehend anything... Yes...the dev exchange FreeShare for ShareCoins Yes...the dev give sharecoins to miners No...the dev does not keep the BTC from miners for himself Yes...The dev is buying sharecoins with those BTC from miner on the market, creating buying pressure No...The dev is not keeping sharecoins that he bought for him, he is distributing them for free, as an interest, to all people who already own sharecoins (that means miners who mined on multi pool, will receive some interest, and people who already have sharecoins will receive some interest). I don't know how much easy can I make it to understand... if english is not your native langues please tell me your native language, and I'll try to explain you in your language Ok, I have two questions about that 1. How The dev will to send interest to sharecoins holders? I would be manually... 2. How The dev knows who have sharecoins to send "interest"? I understand than you aren't talking about POS rewards, that it's mined and don't have any relation with "interest" that you are talking about The interest is paid from the exchange on shares you hold in the exchange. The exchange knows your balance on the exchange. The interest is deposited to your ShareXCoin SHARE balance. Easy peasy. |
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Getting paid feels good . On a side note, is there demand for an iPhone version of the app I've published? Also, always looking for people to help test it out, including beta versions. PM me if you're interested (Android or iPhone). What does the app do? |
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Is the windows wallet link working for anyone, been trying for an hour and just get a blank page???
Are you using the link on the coin's web site? That one seems to work fine. Just tried it. |
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Wow, the price is 34k sat on Polinex. Unreal. Last I reall on AGX is was about 7900 before they went off line.
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what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.
feeshare is understood, but the problem is the confusion about the relationship between feeshare and sharecoin, computation was explained in the previous page on how long will you get your ROI , and the dev made a clarification about the 2 different entity, and that this thing was exploited and drive the coin value down, and there are lots of concerns regarding the feeshare that was unasnwered, like the what if's of unsold share during the days they openned it I think the plan is like this: Zip want to start an exchange as his main business, he know his own strengths and weaknesses. He know he's not very good to promote his business and make good marketing. He could hire sales representative, but that's probably too expensive. He also know that a strong community around a loved coin can do miracle (see Dodgecoin). So he was like How can I motivate some cryptocoin community to promote my business? His idea: built a new cryptocoin community around a new coin (Sharecoin). But if his community has no rewrd, they will not promote anything. His second idea: share the profit of the business. (FeeShare) His idea is good up to there... but the fixed rate is meaningless (not market driven, not profit driven) the number of share versus BTC is even not realistic. His second bad idea: letting people mine on a multipool and give them sharecoins on fix rate: again it isn't market driven (which is kind of funny for someone managing a market) His third bad idea: Getting all the sharecoins, as it will just kill the coin Sigh... the multipool distributes/buys at the CURRENT BID... not a fixed rate. |
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Strange, I mined on the multipool for 24 hours, and it's been two days already and I didn't receive any coins...
Multipool isn't paying out automatically at the moment because it will cause a big loss to miners if auto buying. Instead, after a period, I will payout ShareCoin to Multipool's miner at a fixed price using the ShareCoin generated from FeeShare sale. Then I'll use all bitcoin from the pool place a buy order at that price. This way, miners will get ShareCoin at a better rate. that's why the price is low, because you're managing the process instead of just buying wtf? The price is the price the market set. It has nothing to do with when the multipool makes it's buy. |
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Strange, I mined on the multipool for 24 hours, and it's been two days already and I didn't receive any coins...
Multipool isn't paying out automatically at the moment because it will cause a big loss to miners if auto buying. Instead, after a period, I will payout ShareCoin to Multipool's miner at a fixed price using the ShareCoin generated from FeeShare sale. Then I'll use all bitcoin from the pool place a buy order at that price. This way, miners will get ShareCoin at a better rate. here we go again... fixed FeeShares, now fix Sharecoin (anyhow your are getting them for free by "selling" the FeeShare) price on the multipool and in the mean time you will be collecting BTC from the miners how convenient Apparently you are missing something here. The BTC mined is distributed to the Miners at the current ShareCoin price on the exchange. A BUY order is placed on the exchange at that price at that rate and BTC amount. The SHARE bought is used to pay double interest to people holding SHARE at the exchange. |
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