This guy runs a mining and hosting for a fee operation, so he knows about costs (I suppose the Chinese don't really pay electricity). Interesting that the risks to Bitcoin that we thought would be really big risks are being brought up by those closest to mining: The Bitcoin halving this year will be painful, unless there is a price increase, but the halving in 4 years time is a 'survival' event. http://pastebin.com/B8YQr5TQIf the price didn't increase and block half'd, wouldn't miners switch of their rigs? lowering price per transaction? |
|
|
|
It does look like Bitcoin has a storm heading its way. Spreadcoin is perfectly positioned to help with a problem that very few people are even aware is a problem. This could be one of those right time, right place opportunities for both Bitcoin and Spreadcoin.
I reckon its an opportunity that's too good to be missed. Maybe block explorer needs to be shelved for a while in order to start building the service network. Here here! |
|
|
|
Emercoin e6e8e9e552a643c1;emercoin-qt;e6e8e9e5;d8eee032f95716d0cf14231dc7a238b96bbf827e349e75344c9a88e849262ee0;1386628033;6661; Not too sure I did this correctly. It looks good but please post your results (without the [/code.]) to http://spreadcointalk.org/index.php?topic=731.0Thanks alot |
|
|
|
|
Hey georgem, what exactly do you need to complete this phase of testing?
I mean, maybe a few of us could setup a bounty to give to who ever submits unique daemon information?
5 or more gets over 200SPR?
10 and over get 300SPR?
How many coins do you need? I'm sure we can do without 10's and 10's of shit coins... Can't we set a target say of top 50-100 coins?
|
|
|
|
Ah cool.. So you embed BI somehow into your SN and it sorts through the data you receive? |
|
|
|
.... I'd need ideas/speculation on types of income streams and how much they could produce. How the 'business' [nodes] would be structured. Stuff like that thanks BTW, i stlll have the address that the 16000 spr are in 
SPrdeF1KU5CreLH2TYdnhNmZMAmoBbEynYDamn. hmm. I guess you're right. We need to do some work on the data market income potential. I have 0 knowledge about. If you could feed me numbers on potential income apart from coinbase reward I can start to play. I think the only way we can do this bit is to give away a few secrets... [1. The data market is the data market. People will be able to subscribe on a monthly basis and pull data out as and when, provided they remain subscribed. Lets say $300 / month per region and $1,000 / monthly globally?] #1. Ok, what kind of 'data' are we talking about? Transaction? Is it just bitcoin we offer data on or all coins? What exactly would a $1,000 subscription get you? {How many customers? That's the big question. How many banks are there; how many insurance firms; how many mobile phone retailers; etc.} We can only speculate with a conservative outlook. [80 national (in total) /20 global customers in the first year, and an annual growth rate of 100% thereafter? We can't go into why that number makes sense to me, just yet.] #2. How did you come to the conclusion of 80 national/ 20 global? Can you point to and existing example or explain where you get the figures from? I just need more clarity on this issue. 2. BI tools. We are aiming for affiliate / partner fees from people that buy BI tools via SPR. Let's allow $10,000 for the first year in affiliate fees, and then $30,000 for the next two years, with a growth rate of 30% pa thereafter. #3. Whats a BI tool? lol 3. Hosting provider affiliate fees. While we can't recommend anyone, there is no reason why the network can't earn a referral fee. #4. How would referrals work on the network? I can understand individual node owners taking fees, but how would the network? How would it propagate referrals exactly? We will be aiming for top draw bandwidth, so none of that $5/ month hosting stuff. We're talking $15/month going up to $100/month for the very best hardware and bandwidth. How many nodes * 15% referral fees. This also gets you an idea of costs. 4. Sorry can't say just yet. Allow $100k to $150k per year back to the network, $30k in the first year. Costs 1. So, monthly hosting. $15/month, but as node competition picks-up and the blockchains increase in size, we'll have to think about allowing for $40/month, then by year 5, $100/month. You wouldn't scale up, though, if the income wasn't there. 2. Bookkeeping, accounting, tax. Allow $750 / year up to 10 nodes. Allow $1,000 for more than 10 nodes. 3. Escrow fees for monthly subscribers. 1% 4. Percentage sent to Bitcoin miners. Not sure yet. Let's start with 10% and aim for much higher proportion as node gross margin grows. #5. I don't understand why we'd need to give anything to Bitcoin miners? ServiceNodes gross margins - lets say 50%? We'll have to work through that as the numbers get worked up in your Spread - sheet. Could be more, could be less. 5. Marketing contributions. Lots of people say businesses should aim for 10% of income. But we'll need to take a close look at that - more in the earlier years, less as the project gains traction. {6. Dev funding contributions. Let's park that for now.} 1%? Thoughts? |
|
|
|
.... I'd need ideas/speculation on types of income streams and how much they could produce. How the 'business' [nodes] would be structured. Stuff like that thanks BTW, i stlll have the address that the 16000 spr are in
SPrdeF1KU5CreLH2TYdnhNmZMAmoBbEynYDamn. hmm. I guess you're right. We need to do some work on the data market income potential. I have 0 knowledge about. If you could feed me numbers on potential income apart from coinbase reward I can start to play. I wonder if wolf0 could make an OP vangen miner and mine that address  |
|
|
|
It was my fault 100%. I found an address, didn't save it to my wallet, but sent coins to the address. Idiot.
Don't be so hard on yourself, your case (5 months ago?) helped me make the new wallet even more idiot-proof.  Yes and thanks again for the donation you sent at the time! The van-gen work's a right treat now! Do you like my address, down bellow? :p |
|
|
|
 30.000$ Be patient, man ; if you invest in some good coins, you can make a profit bigger than your lost. Hehe I sure as heck hope so. That was about 2.5 - 3 years worth of mining, purchasing and blood, sweat and tears! If I am one thing it IS patient! Sorry to hear my friend. I can relate a little. I lost 16000 SPR when i was testing the vanity gen. Nothing like $30,000 but still an awful feeling! How did that happen? Did you report the issue, what was the outcome? Edit Never mind. It was a locked wallet issue and that was fixed. It was my fault 100%. I found an address, didn't save it to my wallet, but sent coins to the address. Idiot. Oops! Are you happy to take a look at a three year cash flow projections for service node owners? It would really help and I think people will find it interesting and useful. Yes absolutely but where do i start? Are there any templates i can go off? I'm a little unsure on how to structure it. I'd need ideas/speculation on types of income streams and how much they could produce. How the 'business' [nodes] would be structured. Stuff like that thanks BTW, i stlll have the address that the 16000 spr are in
SPrdeF1KU5CreLH2TYdnhNmZMAmoBbEynYDamn. |
|
|
|
30.000$ Be patient, man ; if you invest in some good coins, you can make a profit bigger than your lost. Hehe I sure as heck hope so. That was about 2.5 - 3 years worth of mining, purchasing and blood, sweat and tears! If I am one thing it IS patient! Sorry to hear my friend. I can relate a little. I lost 16000 SPR when i was testing the vanity gen. Nothing like $30,000 but still an awful feeling! How did that happen? Did you report the issue, what was the outcome? Edit Never mind. It was a locked wallet issue and that was fixed. It was my fault 100%. I found an address, didn't save it to my wallet, but sent coins to the address. Idiot. |
|
|
|
30.000$ Be patient, man ; if you invest in some good coins, you can make a profit bigger than your lost. Hehe I sure as heck hope so. That was about 2.5 - 3 years worth of mining, purchasing and blood, sweat and tears! If I am one thing it IS patient! Sorry to hear my friend. I can relate a little. I lost 16000 SPR when i was testing the vanity gen. Nothing like $30,000 but still an awful feeling! |
|
|
|
Looks like we will have to split up the coins to some degree so we catch all of them. Otherwise we will get the same lot over and over and while it is good to do cross checks......
Exactly. Once I have this list ready, it will help us split the job between all participants. Also, processing a coin 2 or 3 times should be good enough, anything more than that is probably unnecessary. It'll be fun! So it is necessary to process the same coin a few times. I thought this was the case, that's why i did some of the same ones. I will do as many as i possibly can by tomorrow.(not so obvious ones). It can't hurt, sure, but currently for "altcoin taxonomy" it is much more interesting to find out how many % of all altcoins are standard, how many aren't, and if we can have collision-free IDs with the format I'm currently using. What do you mean by standard? |
|
|
|
Looks like we will have to split up the coins to some degree so we catch all of them. Otherwise we will get the same lot over and over and while it is good to do cross checks......
Exactly. Once I have this list ready, it will help us split the job between all participants. Also, processing a coin 2 or 3 times should be good enough, anything more than that is probably unnecessary. It'll be fun! So it is necessary to process the same coin a few times. I thought this was the case, that's why i did some of the same ones. I will do as many as i possibly can by tomorrow.(not so obvious ones). |
|
|
|
Heres my submission.-snip Easy to use? No issues? Looks like we will have to split up the coins to some degree so we catch all of them. Otherwise we will get the same lot over and over and while it is good to do cross checks...... I had one issue when i was spamming it. But i calmed down and it worked fine. Some qt's/coind's don't work, you will have to try qt if coind doesn't work and coind if qt doesn't work. |
|
|
|
Very cool, wasn't there speculation that awoland was MrSpread back in the day? |
|
|
|
Wait, awoland is back working on SPR? I cant see any post relating to SPR from him? |
|
|
|
is bitcoin classic about to be adopted?
Whats Bitcoin classic? I'v read about it. 2mb blocksize? its about time IMO I also have a question.. Must the majority of full nodes adopt the new fork for the new fork to become official? If so, wouldn't PoBN (with potentially 0000s of full nodes) add much stability to Bitcoins network? I mean if miners did want to fork the network (maliciously) and the majority of users didn't want to accept, surly PoBN would act as a 'hurdle' at least to those miners, technically making such forks 'not worth doing'. If you take a look back at the update from Georgem, you should notice that peope will be able to run multiple coins on their service nodes. That is really important. It means you will be able to choose which bitcoin version you want to run, and if you really wanted you could even run multiple versions. So, service node owners become part of the protocol voting for Bitcoin. Brilliant! Seeing though most SPR SN owners are going to be crypto fans, id guess they'd choose the "legit" version over the malicious fork, making it very difficult indeed for the miners. It's a little new to me this, a bit shocked still. SN's with DBX 'Decentralised block explorer' will add alot of stability to heavily centralized mined coins! Just brilliant! |
|
|
|
is bitcoin classic about to be adopted?  Whats Bitcoin classic? I'v read about it. 2mb blocksize? its about time IMO I also have a question.. Must the majority of full nodes adopt the new fork for the new fork to become official? If so, wouldn't PoBN (with potentially 0000s of full nodes) add much stability to Bitcoins network? I mean if miners did want to fork the network (maliciously) and the majority of users didn't want to accept, surly PoBN would act as a 'hurdle' at least to those miners, technically making such forks 'not worth doing'. |
|
|
|
|
Show Posts
