Closed

[thcst8]

got my share just now

[digit]

What happens during weeks when you have less subscribers then the maximum?  Can the subscribers expect a larger payout for those weeks as a result of less subscribers to divide amongst?

[maco]

At the moment of this post, we have 31 Shares Remaining available.

Thanks for all interest so far. I am rapidly expanding our growth as we speak.

I will make generated coin stats/block stats on Tuesday.

26 remaining . Can't wait to see the stats and some delicious Primecoins on Wednesday.

Now 23

I will release stats on Tuesday for Wednesday. Dividends will be paid out (for the entire 7 day payment)

So if you buy in Sunday, you get a payout Wednesday, and next Sunday covering the 7 Day Payment.

got my share just now

Excellent. Please do not forget to submit your information to my application page. Let me know if you need the link again.

[Oleander]

In other news, I just bought a few XPM at .007 (I've sold as high as .009).

Profitability for this venture may require some care in converting XPM to BTC.  Sell too quickly, and you don't get a good price.  Sell too slowly, and you have more capital tied up.  Either way, profitability is lower.  Somewhere in the middle is a sweet spot.

[Vorksholk]

Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

[maco]

What happens during weeks when you have less subscribers then the maximum?  Can the subscribers expect a larger payout for those weeks as a result of less subscribers to divide amongst?

In essence, yes, since it is less payouts but larger amount from the pool. However, I need to make sure 50 Shares around because I still have to pay for the resources. To answer your question in theory, that will earn you larger coin payout .. or if we don't fill up 20 more shares for this week

[maco]

In other news, I just bought a few XPM at .007 (I've sold as high as .009).

Profitability for this venture may require some care in converting XPM to BTC.  Sell too quickly, and you don't get a good price.  Sell too slowly, and you have more capital tied up.  Either way, profitability is lower.  Somewhere in the middle is a sweet spot.

Good tip.  Thanks for sharing!

[BitThink]

1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side( and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

3 you said you will dedicate to this full time. But what you get is at best 1 BTC per week - all the maintaing and server costs. I don't think that justify your efforts.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.

[maco]

Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.

[Vorksholk]

Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.

Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.

[zeroblock]

2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

I agree, if this can be answered then I will be a potential subscriber

[maco]

2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

I agree, if this can be answered then I will be a potential subscriber

I am already starting to deploy most of the servers... I will finish in about 24-48 hours.

[maco]

Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.

Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.

Welcome aboard.

Yes, after this week, you can decide to join in via coinbase for further weeks of subscriptions.

[noodle_dam]

I'm in for 2 shares.

Transaction confirmations and XPM address PM'd to maco.

[maco]

I'm in for 2 shares.

Transaction confirmations and XPM address PM'd to maco.

Confirmed!

Thanks for joining.

[maco]

12 remaining

[pascal257]

Why didn't you answer all of BitThinks questions? He has some good points. Let me add a few:

How many servers are actually running right now?

How many blocks were produced in the last 3 days?

When are you going to deploy the next servers? The moment you sell all shares or days/weeks later?

Will the ratio stay at 1 share per 1 server?

[Adamlm]

Is there a site or tool where you can track daily performance?

[maco]

1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side( and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

3 you said you will dedicate to this full time. But what you get is at best 1 BTC per week - all the maintaing and server costs. I don't think that justify your efforts.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.

1. Most of the tests come from my tests. Primecoin is about 1 month and a half old, so its all relatively new data to all of us, however, I collected that in some small split tests, and the rest is educated guesses.  I must have started this somewhere... this isn't a current exchange gig. This is for those who want to contribute to mining, that are not, and need to hold more coins, and do not want to receive low shares with public pools, and don't have the consumption for solo mining.

3. This line is very disrespectful to me. I really rather not have you investing, if you are going to question my value.

It is like telling the Doctor, he doesn't deserve getting paid to save anyone's life. I may not be in a doctor, but I would like to say, I am one when it comes to Primecoin Mining.

[maco]

Why didn't you answer all of BitThinks questions? He has some good points. Let me add a few:

How many servers are actually running right now?

How many blocks were produced in the last 3 days?

When are you going to deploy the next servers? The moment you sell all shares or days/weeks later?

Will the ratio stay at 1 share per 1 server?

About 20 blocks

The servers will be ready in the next 24 hours or so. I have had my servers running for a while. I am deploying an expansion to more servers.