[ANN] ⭐⭐⭐ CLUSTER ⭐⭐⭐ Self mining token ⭐ 100ETH reward per Cluster solved! ⭐

[clusterToken]

We just opened a promo thread. The URL was required for integration in the signatures.
The topic will be updated soon with our very first promo ever!

[iTradeChips]

hello cluster team. i would like to reserve for filipino translation if needed.i have done many translation in this forum and i can send the links to my previous works if the team wants it. will participate in this airdrop too. thanks and good luck everyone !

[davide72]

It cost more eth  gas to get the  rewards! Dev could you modify the smart contract? Better to buy cluster.....than to get reward, dev you should change something like this will not work!

[FreshB]

It cost more eth  gas to get the  rewards! Dev could you modify the smart contract? Better to buy cluster.....than to get reward, dev you should change something like this will not work!

It may be too late to change as 217/250 participants are already registered for the airdrop.

[Miou]

Please someone tell me about this token with simple words. If I buy this token from sending eth to the contract address the token will start self mining automatically, is it correct? And the amount of mining is depending on the amount of holding the token and the number of the participants at the time.

[davide72]

It cost more eth  gas to get the  rewards! Dev could you modify the smart contract? Better to buy cluster.....than to get reward, dev you should change something like this will not work!

It may be too late to change as 217/250 participants are already registered for the airdrop.

Not talking about the airdrop , i did invest some eth and cost more the eth gas to get your mining rewards! this smart contract seem to be more an  idiots contract ! sorry dev with all my respect for the team

[FreshB]

Please someone tell me about this token with simple words. If I buy this token from sending eth to the contact address the token will start self mining automatically, is it collect? And the amount of mining is depending on the amount of holding the token and the number of the participants at the time.

As far as I understand, You are right. But make sure to send a minimum of 0.01 ETH to the contract address for Cluster tokens and not airdrop Contract address.

Sending Eth to the contract secures your share in the ongoing mining of clusters. After 1,000,000 blocks you can call the function and receive rewards as per the formula stated in the OP. In future you will be able to call up rewards per segment, hence you wont have to wait until 1 cluster (1,000,000 blocks) is mined.
The more people join (buying their share) the more fewer the rewards as it gets shared by to more holders. Hence, Scarcity of the tokens.

Seeing that 0.01eth = 0.0001 cluster, this sets a minimum price for potential sale in exchange as I'd expect no one would want to sell mined clusters for less than they could buy shares. And also due to the difficulty of mining clusters, as well as scarcity of clusters, theoretically, the price should appreciate over time.

Because the more clusters you hold (shares) the more your reward after a cluster is mined.

I hope this was helpful.

Also Dev can correct me if i'm wrong.

[ICOBank]

Reserving for dutch translate if you needed

[Miou]

Please someone tell me about this token with simple words. If I buy this token from sending eth to the contact address the token will start self mining automatically, is it collect? And the amount of mining is depending on the amount of holding the token and the number of the participants at the time.

As far as I understand, You are right. But make sure to send a minimum of 0.01 ETH to the contract address for Cluster tokens and not airdrop Contract address.

Sending Eth to the contract secures your share in the ongoing mining of clusters. After 1,000,000 blocks you can call the function and receive rewards as per the formula stated in the OP. In future you will be able to call up rewards per segment, hence you wont have to wait until 1 cluster (1,000,000 blocks) is mined.
The more people join (buying their share) the more fewer the rewards as it gets shared by to more holders. Hence, Scarcity of the tokens.

Seeing that 0.01eth = 0.0001 cluster, this sets a minimum price for potential sale in exchange as I'd expect no one would want to sell mined clusters for less than they could buy shares. And also due to the difficulty of mining clusters, as well as scarcity of clusters, theoretically, the price should appreciate over time.

Because the more clusters you hold (shares) the more your reward after a cluster is mined.

I hope this was helpful.

Also Dev can correct me if i'm wrong.

Thank you so much. I understand at last. 
Although I'm not sure about inflation and the what I can use this token for (just holding and mining?), I'm interested in this project and joined.

I'll be waiting for next updates.

[clusterToken]

It cost more eth  gas to get the  rewards! Dev could you modify the smart contract? Better to buy cluster.....than to get reward, dev you should change something like this will not work!

It mostly depends on your own investement. You can participate from 0.01 Ether, or about USD 2.5$
The current transaction costs are about ~ USD 0.3 at this moment.

The reward structure is set as following;

Code:

1 CLUSTER / HOLDERS * SHARES

Let's assume you invested 1 ether and the contract has 100 holders.

1 Ether = 100 shares. 1 / 100 * 100 = 1 CLUSTER would be your total reward after 1.000.000 blocks. This would mean x100 return from your investement, and the ~0.3 USD transaction cost would not matter.

But if you invest the bare minimum of 0.01 Ether this would mean;

0.01 Ether = 1 shares. 1 / 10000 * 100 = 0.01 CLUSTER would be your total reward. This will still be x100 and be worth 1 Ether. However, the ~0.3 transaction costs will be noticable.
But, if you can't wait long enough, you always have the option to withdraw at every segment. To encourage holding, the rewards are cut in half when doing so.

Let's assume you want to withdraw after 500 segments (500.000 blocks) after having invested 0.01 Ether;

1 / 10000 * 100 = 0.01 CLUSTER / [amount of segments] / 2 = 0.00001 Cluster. If you have to pay the ~0.3 fee on that amount, it becomes considirable!

At this moment, we are 'only' at 38 segments. So if you withdraw today, when invested 0.01 Ether, the gas cost will not cover for the reward since you would receive about 0.0000076 cluster assuming 100 users.
This is exactly what ClusterToken is designed for: To encourage holding until 1 cluster has been solved.

But, the contract will be updated in a couple of weeks, and some minor changes may happen to the reward structure to make it more useable in the near future.
And of course, a major factor will be the amount you initially invested. But this applies to every investement you make.
Anyone can join starting at ~2USD. It's not up to us to decide if someone does or doesn't have to invest a big amount.


Sorry for typos or bad formatting, working remotely.

[clusterToken]

Please someone tell me about this token with simple words. If I buy this token from sending eth to the contract address the token will start self mining automatically, is it correct? And the amount of mining is depending on the amount of holding the token and the number of the participants at the time.

That is correct. You automatically participate from the second you bought ClusterTokens. And yes, your rewards is linear to the amount of tokens you purchased.
The higher the investement, the higher the rewards. Our top investor currently bought 0.5 Ether. So it doesn't have to be thousands of dollars, spend what you like, but never spend more than you can afford since it's an investement for mid to long term.

Sorry for typos or bad formatting, working remotely.

[clusterToken]

We side-launched a new project to help others!
Feel free to have a look and share your opinion!

DEVVOTE
- Build to help dedicated developers in need -

https://bitcointalk.org/index.php?topic=2073835

[niklasmato]

It cost more eth  gas to get the  rewards! Dev could you modify the smart contract? Better to buy cluster.....than to get reward, dev you should change something like this will not work!

It mostly depends on your own investement. You can participate from 0.01 Ether, or about USD 2.5$
The current transaction costs are about ~ USD 0.3 at this moment.

The reward structure is set as following;

Code:

1 CLUSTER / HOLDERS * SHARES

Let's assume you invested 1 ether and the contract has 100 holders.

1 Ether = 100 shares. 1 / 100 * 100 = 1 CLUSTER would be your total reward after 1.000.000 blocks. This would mean x100 return from your investement, and the ~0.3 USD transaction cost would not matter.

But if you invest the bare minimum of 0.01 Ether this would mean;

0.01 Ether = 1 shares. 1 / 10000 * 100 = 0.01 CLUSTER would be your total reward. This will still be x100 and be worth 1 Ether. However, the ~0.3 transaction costs will be noticable.
But, if you can't wait long enough, you always have the option to withdraw at every segment. To encourage holding, the rewards are cut in half when doing so.

Let's assume you want to withdraw after 500 segments (500.000 blocks) after having invested 0.01 Ether;

1 / 10000 * 100 = 0.01 CLUSTER / [amount of segments] / 2 = 0.00001 Cluster. If you have to pay the ~0.3 fee on that amount, it becomes considirable!

At this moment, we are 'only' at 38 segments. So if you withdraw today, when invested 0.01 Ether, the gas cost will not cover for the reward since you would receive about 0.0000076 cluster assuming 100 users.
This is exactly what ClusterToken is designed for: To encourage holding until 1 cluster has been solved.

But, the contract will be updated in a couple of weeks, and some minor changes may happen to the reward structure to make it more useable in the near future.
And of course, a major factor will be the amount you initially invested. But this applies to every investement you make.
Anyone can join starting at ~2USD. It's not up to us to decide if someone does or doesn't have to invest a big amount.


Sorry for typos or bad formatting, working remotely.

OK so if you keep holding after the first Cluster has been solved, are you still eligable for extra rewards?
I don't fully grasp the technology behind it Just starting out with the whole Ethereum business.

[clusterToken]

OK so if you keep holding after the first Cluster has been solved, are you still eligable for extra rewards?
I don't fully grasp the technology behind it Just starting out with the whole Ethereum business.

Of course! You are eligable for life!

[clusterToken]

World's first smart contract airdrop has now been completed! Talking about a solid proof of concept 
Thank you all for participating!

[kamiyama]

Thank you.  I'll treasure it. 

[Buchi-88]

Good day when I have the cluster token on myether, I have to set something for the self mining or happens then automatically?

[clusterToken]

Good day when I have the cluster token on myether, I have to set something for the self mining or happens then automatically?

If your tokens are received from the airdrop, you are not included in the mining contract as stated in the OP of the airdrop thread:

You will only receive ClusterTokens in your account. This means you are not participating in our self mining contract and will not be eligible to claim rewards from the mining cycle.

If you purchased ClusterTokens from the mining contract, you are automatically participating in the mining rounds.

[puremage111]

Participated in the Airdrop

When will the tokens be sent?

I Checked on the contract that my registration = True, so i suppose i am in?

Btw, how much cluster am i getting per 0.01 ETH invested?

Thanks

[clusterToken]

Participated in the Airdrop

When will the tokens be sent?

I Checked on the contract that my registration = True, so i suppose i am in?

Btw, how much cluster am i getting per 0.01 ETH invested?

Thanks

The tokens are ready to redeem any time you like. Please follow the instructions on the last page of the airdrop topic.
Per 0.01ETH (~2.5$) you will receive 0.0001 CLRT in your account, and lifetime participations in the mining rewards.
For a detailed understanding on the reward cycle, we advise to read our Medium article : https://medium.com/@ClusterToken/clustertoken-how-a-single-token-can-be-worth-100-ether-565e5ff2c81e

A TL;DR can be found on the previous page. Here's the outlined detail:

The reward structure is set as following;

Code:

1 CLUSTER / HOLDERS * SHARES

Let's assume you invested 1 ether and the contract has 100 holders.

1 Ether = 100 shares. 1 / 100 * 100 = 1 CLUSTER would be your total reward after 1.000.000 blocks. This would mean x100 return from your investement, and the ~0.3 USD transaction cost would not matter.

But if you invest the bare minimum of 0.01 Ether this would mean;

0.01 Ether = 1 shares. 1 / 10000 * 100 = 0.01 CLUSTER would be your total reward. This will still be x100 and be worth 1 Ether.