Gulden - Closed

[GeorgeAurea]

Between them two, mining and buying, mining was the more expensive one. Example:
For every X amount of Bitcoin yielded, we could collect 10.000 Guldens from the market through buying them, whilst for that same amount of X Bitcoins we could collect 7.000 Guldens through mining them. Yet with the current conditions, the price of both Gulden and the Bitcoin, it is possible to acquire 9.000 Guldens from the market, whilst we could collect 8.000 Guldens through mining (these numbers are not real figures, but merely to simplify the example).

So what I was referring to, that if (and only if) these line continues to shift in favor of mining being able to acquire more daily Guldens than through buying them, a bigger part of the daily yielded Bitcoins will be spend on mining. The reason behind it, is to obtain the most Guldens for the holders 

I would guess the associated cost of obtaining NLG through mining has come down as the network has seen a large increase in dedicated hash rate over the past month or 2.  Thus more blocks are being solved per day and a smaller percentage of newly minted Guldens going to jump/profit switching pools.  I doubt those lines you mention will ever cross over as the saying goes "the universe doesn't leave free money on the table".  If miners can obtain Gulden for less than what they can immediately sell it for they will point their hashes this way I'm sure.   again.. just my 2 cents.

Actually, we did managed it for the past 24+ hours in achieving the mining of Gulden yielding more, in comparison to buying them from the market(s) 

The "divide key" used thus far from daily allocated assets, has been 1/3 towards mining, and 2/3 towards buy support. If you compare the mining address in retrospective next to the Hybrid address (on which the buy-support directly is being done), you'll see that that currently mining is yielding slightly more...

Yet, I do not know if this is a minor momentum, or if we can sustain it over a longer period. I'll keep monitoring this closely

[kwaasteniet]

Actually, we did managed it for the past 24+ hours in achieving the mining of Gulden yielding more, in comparison to buying them from the market(s) 
The "divide key" used thus far from daily allocated assets, has been 1/3 towards mining, and 2/3 towards buy support. If you compare the mining address in retrospective next to the Hybrid address (on which the buy-support directly is being done), you'll see that that currently mining is yielding slightly more...

Yet, I do not know if this is a minor momentum, or if we can sustain it over a longer period. I'll keep monitoring this closely

If i calculate the mining profit for april 19th then we have mined 2239NLG according to the mining address. The Hybrid address shows, for april 19th, a grow of 3869NLG. So the buy support is 3869-2239=1630NLG?
Have i understand it correct?

[Trackcoins]

Appreciate all the info, reading the links posted here you have gained a lot of trust within the community but to me there is a lot of risk. What happens if you have a bad month (financially), one of your family members gets seriously ill and you need money, the btc will be the easiest place to get emergency funds, or you end up dying unexpectedly who would run the mining operations and payouts.
This operation needs to grow and can't be one person handling everything, it's not about being scammed , it's about life and anything can occur.

Beef this operation up, have some accountability and I am all in.

Aye, your comment is very true. To add some more comforting info in adition:
I currently live on social welfare, ties with family are broken except with some nephews and cousins in distant foreign countries, and I smoke and drink too much... And to topple it a bit further, I actually have appropriated goods once in my life, from which I got convicted and big enough the crime itself to face sentence.
I'm not fond or proud of any of that, nor my history; and it would probably be much more wiser in not mentioning such things, but I won't make it a secret either...

Having said such, the private keys are already shared and in safe possession of another trusted community member.
Regarding the mining operations, those are tied with my personal details, on which I have my own wishes. So I'm still puzzling on how to merge this aspect as well 

how much btc for 75 inch 4k 3d tv? 

[GeorgeAurea]

Actually, we did managed it for the past 24+ hours in achieving the mining of Gulden yielding more, in comparison to buying them from the market(s) 
The "divide key" used thus far from daily allocated assets, has been 1/3 towards mining, and 2/3 towards buy support. If you compare the mining address in retrospective next to the Hybrid address (on which the buy-support directly is being done), you'll see that that currently mining is yielding slightly more...

Yet, I do not know if this is a minor momentum, or if we can sustain it over a longer period. I'll keep monitoring this closely

If i calculate the mining profit for april 19th then we have mined 2239NLG according to the mining address. The Hybrid address shows, for april 19th, a grow of 3869NLG. So the buy support is 3869-2239=1630NLG?
Have i understand it correct?

Partial;

Firstly, this is how the two addresses work:
- The mining address, is only set to receive mining revenues. From time to time, accumulated earnings are sent forward to the Hybrid address.
- The Hybrid address, is receiving the daily buy-support, and from time to time the accumulated mining revenues.
The reason behind this, is to prevent the Hybrid address from becoming a dust address, due to mining part. So that's why a separate mining address is used...



The 3869 NLG from April 19th on the Hybrid address, is purely buy-support. The 2239 NLG from the mining address, is purely mining revenues. So that day, rough total Gulden yields was roughly ~6k.

Now, 1/3 was spend on the mining part and 2/3 on the buy support to achieve those results. So 1 portion was being directed towards the mining part, which resulted in yielding 2239 NLG. And 2 portions were directed towards buy-support, which resulted in yielding 3869 NLG.
So if the same amount of portion were spend equally (both 2 portions), and just using the numbers above for pure convenience, we would not have mined 2239 NLG, but 4478 NLG (versus 3896 NLG from buy-support).

Hence, we managed it in achieving the mining of Gulden yielding more, in comparison to buying them from the market(s) 

[Buerra]

We still getting this update on Friday?

Yup, certainly, why do you ask?

[kwaasteniet]

We still getting this update on Friday?

Yup, certainly, why do you ask?

I am curious about the Nocks announcement tomorrow.

[Dutchyyy]

Very excited for the Nocks announcement today.

What time is the announcement?

[Buerra]

Very excited for the Nocks announcement today.

What time is the announcement?

In about 3 hours, just wrapping up the last few things.

[Dutchyyy]

Very excited for the Nocks announcement today.

What time is the announcement?

In about 3 hours, just wrapping up the last few things.

I will have a look later. 

[kwaasteniet]

Very excited for the Nocks announcement today.

What time is the announcement?

In about 3 hours, just wrapping up the last few things.

I will have a look later. 

40 minutes to go

[Buerra]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

[SuicidalTendencies]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

This is a excellent update, is this for all stores and businesses. What about webshops?

[Buerra]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

This is a excellent update, is this for all stores and businesses. What about webshops?

This is for brick-and-mortars and for webshops we have a WooCommerce plugin for quite some time now – https://nocks.co/toolbox

[Brito]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

This is a excellent update, is this for all stores and businesses. What about webshops?

This is for brick-and-mortars and for webshops we have a WooCommerce plugin for quite some time now – https://nocks.co/toolbox

Great update mate along with the new Android wallet having a GBP option added. This is very good progress for Gulden.

[super55]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

This is a excellent update, is this for all stores and businesses. What about webshops?

This is for brick-and-mortars and for webshops we have a WooCommerce plugin for quite some time now – https://nocks.co/toolbox

Thanks for another great update guys....another step closer for a real world adoption   

[Litesire]

We’ve all been waiting for a merchant solution that companies can use quickly, easily and without any hassle. That day has come with this first version of Nocks Checkout. Easy to setup, easy to use and lightning fast acceptance of your hero’s hero favorite currency.

We present to you, checkout.nocks.co
Watch this video to get you or your favorite company started: https://youtu.be/mubVtoMwqhM

Go to https://checkout.nocks.co on your smartphone, iPod, tablet or touchscreen register and hook yourself up within 60 seconds!

This is a excellent update, is this for all stores and businesses. What about webshops?

This is for brick-and-mortars and for webshops we have a WooCommerce plugin for quite some time now – https://nocks.co/toolbox

Thanks for another great update guys....another step closer for a real world adoption  

This is a really exciting update and one that will go underestimated by the rest of the crypto community but the crypto community won't decide the success of Gulden if real solutions can be presented to the masses. This is how it's meant to be done and why I still bother to login to bitcointalk!

[kwaasteniet]

Very nice, this Nocks software. But where can i order the wooden holder for my phone?  

[danijel]

If this https://bitcointalk.org/index.php?topic=1445961.msg14622168#msg14622168 somehow is connected with Gulden and Nocks
than this is huge.
I wil buy more coins

[Buerra]

If this https://bitcointalk.org/index.php?topic=1445961.msg14622168#msg14622168 somehow is connected with Gulden and Nocks
than this is huge.
I wil buy more coins

You can spend your Gulden using the Android or iOS wallet of Gulden at any Bitcoin-accepting merchant, including Steam when they decide to add Bitcoin at their checkout.

[Trackcoins]

If this https://bitcointalk.org/index.php?topic=1445961.msg14622168#msg14622168 somehow is connected with Gulden and Nocks
than this is huge.
I wil buy more coins

You can spend your Gulden using the Android or iOS wallet of Gulden at any Bitcoin-accepting merchant, including Steam when they decide to add Bitcoin at their checkout.

  lets dump.