BitCoinTorrentz.com - Torrent Download Service

[mjcmurfy]

Made my own banner, mostly because I never got to use that glyph I made a couple of months ago.



Edit: Come to think of it, it looks more like a button. Whatevs.

Looks pretty good mate. Thanks for taking the time to brew one up yourself.
Do you mind if I add it to the collection in the affiliate section?

@dancupid: I do have some other bitcoin related project ideas. Though, I want to focus on one at a time. A vpn service is a great idea though. I may indeed decide to offer vpn. Thanks for the suggestion!

But as terrytibs said, mullvad accept bitcoin as payment. Competition is a good thing though!
They charge 1btc per month for their plans. I could match that at a minimum, and indeed beat it I think.
I wonder how much demand there would be for such a service?

[terrytibbs]

Made my own banner, mostly because I never got to use that glyph I made a couple of months ago.



Edit: Come to think of it, it looks more like a button. Whatevs.

Looks pretty good mate. Thanks for taking the time to brew one up yourself.
Do you mind if I add it to the collection in the affiliate section?

@dancupid: I do have some other bitcoin related project ideas. Though, I want to focus on one at a time. A vpn service is a great idea though. I may indeed decide to offer vpn. Thanks for the suggestion!

But as terrytibs said, mullvad accept bitcoin as payment. Competition is a good thing though!
They charge 1btc per month for their plans. I could match that at a minimum, and indeed beat it I think.
I wonder how much demand there would be for such a service?

Sure!
I hereby place the above graphic into the public domain.

[mjcmurfy]

Sure!
I hereby place the above graphic into the public domain.

Very kind of you mate.
PM me your username on bitcointorrentz and I'll give you an extra 20% discount, if you like.

[mjcmurfy]

@terrytibbs:

I have added your button to the affiliates section:

[mjcmurfy]

Just thought I'd post some of the google analytics stats for anyone who is interested:

[terrytibbs]

Sure!
I hereby place the above graphic into the public domain.

Very kind of you mate.
PM me your username on bitcointorrentz and I'll give you an extra 20% discount, if you like.

Thanks, I appreciate the offer. I feel that the price you have for the service provided is more than satisfactory, though!

[TTBit]

Just used your service for the first time last night. Very slick!

Coincidence?

[dancupid]

Just used your service for the first time last night. Very slick!

Coincidence?

There is no such thing as coincidence.

So you are combining peer-to-peer digital file sharing with peer-to-peer digital currency. Why didn't anybody think of this before? Now that you have made it, it seems an obvious use of bitcoins. I guess it just took somebody with the imagination, drive, and expertise to think of it, go after it, and build it well. Good job!

I thought of it about 2 months ago, but as you say you need imagination, drive, and expertise. I also thought of the iphone 2 years before it came out.

[mjcmurfy]

@TTBit: That graph is bloody brilliant! Netflix stock went to shit days after my site was announced.
What an hilarious financial shenanigan

This project has indeed been a much bigger success than I had anticipated. Thanks to everyone who has used the service so far, or intends to do so in the future. And thanks too to the shareholders, who gave me that capital injection that I needed. You made a great investment!

[mjcmurfy]

Here is a chart of my own. The stock price of BitCoinTorrentz on GLBSE:

[gusti]

Based on actual share prices, what is estimated ROI to shareholders ?

[mjcmurfy]

Based on actual share prices, what is estimated ROI to shareholders ?

Based on current earnings so far of 5.87784 btc in 16 days, and assuming a highly conservative estimate of NO further growth, i.e. earnings continue at the current rate only and do not increase, and assuming prices do not change, this gives us average earnings of 0.367365 btc/day. That is 134 btc in 365 days, and that is approximately 0.134 btc profit / share.

The last share price was 0.85 btc / share on GLBSE. Taking this as the current share price, yearly return on investment at this level is 15.8%.

For those of you who bought up shares during my IPO at 0.2 btc / share, and haven't since sold, your yearly return on investment would be 67%.

Both of these assume ZERO growth in the next 12 months. And they are just estimates, as share price and profits will be quite variable. Share prices because of the nature of publicly traded stock, and profits because of the possibility of future earnings increases / decreases. I have already halfed my prices to grow the business and reach more users. There will be a upwards review within the next 6 months.

I consider my investors to have made a good choice...

[mjcmurfy]

Does anyone have any feature requests or feedback on the site so far?
Any and all suggestions will be considered.

[molecular]

Does anyone have any feature requests or feedback on the site so far?
Any and all suggestions will be considered.

From my point of view the important things are taken care of. Maybe it's time to kick back and enjoy your initial success a little. Of course, marketing can never hurt.

[mjcmurfy]

From my point of view the important things are taken care of. Maybe it's time to kick back and enjoy your initial success a little. Of course, marketing can never hurt.

Maybe you are right. I think I might take a day or two off. It's been pretty full-on over the past 2 weeks!
Any suggestions on marketing then? My current strategies:

1. Dailybitcoins.org
2. Operation fabulous
3. Social media: Google+ and Facebook Like
4. Affiliate system
5. Forum whoring

Perhaps a google adwords campaign... but they are pretty expensive.
AND you have to pay in worthless fiat!

[molecular]

Maybe you are right. I think I might take a day or two off. It's been pretty full-on over the past 2 weeks!
Any suggestions on marketing then? My current strategies:

1. Dailybitcoins.org
2. Operation fabulous
3. Social media: Google+ and Facebook Like
4. Affiliate system
5. Forum whoring

Perhaps a google adwords campaign... but they are pretty expensive.
AND you have to pay in worthless fiat!

I'm not sure if it'd make sense, but what about the many torrent search engines?

[mjcmurfy]

I have finished implementing an ajax refresh of the torrent download status page. Now the page will not javascript refresh every 5 seconds until the torrent is complete. I have tested the code locally and have completed some live tests, and everything appears to be working smoothly. I do not anticipate any problems, but if anyone runs into any issues with it please do not hesitate to let me know, either in this thread or through the contact form on the website. If there are any, I will address them immediately.

I may include more information in the torrent status page, like number of seeders, leechers and the availability of the torrent. Some people have uploaded torrents with 1-2 seeders, and do not avail of the full download speed of the server due to the torrent being very unhealthy. I may include advice to use well seeded, healthy torrents to utilize the full capability of the server.

I have also removed the Facebook and Google Plus widgets from the site. They are ugly, take longer to load than the rest of the page, and make the page appear to be wider than it actually is, causing a horizontal scrollbar to appear unnecessarily. Does anyone know how to prevent this?

I have also implemented a site wide global variable that determines the base fee of the service. If prices need to be increased in the future, it can be done easily and quickly by changing a single variable without having to trawl through every bit of code. I am also looking into linking the price to the usd:btc exchange rate. The code required to do this is still in beta, but I hope to have it finished soon.

With regards to advertising on torrent search engines, I will certainly look into it. The only problem is that the service can only be paid for with bitcoin, meaning a large majority of users of those search engines will not be able to avail of the service.

I might include a brief introduction to what bitcoin is, and provide information on where it can be bought etc. This will be especially important if we want to attract users to the service who are not already familiar with bitcoin.

[terrytibbs]

Maybe you should include a warning when proceeding to pay for a torrent with a low seed count.

[BitcoinPorn]

With regards to advertising on torrent search engines, I will certainly look into it. The only problem is that the service can only be paid for with bitcoin, meaning a large majority of users of those search engines will not be able to avail of the service.

Would an easy way to ad on torrent search engines is to just upload a few files yourself?  Ensure the folder name or somewhere in the file is reference to BitCoinTorrentz, make sure the file itself is quality and not all over ThePirateBay for example, free commercial that you wouldn't even have to seed yourself after the first hour if the file was desired enough.

[mjcmurfy]

Maybe you should include a warning when proceeding to pay for a torrent with a low seed count.

The problem with this is that before payment has been completed, the torrent is not loaded into the torrent client. Therefore, I cannot query the client for the number of seeds. All I can do is parse the torrent file, and display information like size and name, etc. The torrent file itself does not contain the number of seeds or peers.

So I would have to actually load the torrent into the client, start downloading it, and then query the seeds and peers counts. It would need to download for a while to get true seeds and peer figures aswell, because most torrents use multiple trackers which need to be connected to separately, and also the DHT and other p2p protocols that torrent clients use to obtain seeds and peers take a while to reel in the true figures. So the actual query could take several seconds, if not much longer, to actually complete.

If the user decides then not to pay for it, this could lead to problems. There are many who upload torrent files just to see how much it would cost, and then decide not to go ahead. If the server were to load every queried torrent, it would leave the site vulnerable to users loading torrents for the sake of it, wasting a lot of server resources and bandwidth.

With regards to advertising on torrent search engines, I will certainly look into it. The only problem is that the service can only be paid for with bitcoin, meaning a large majority of users of those search engines will not be able to avail of the service.

Would an easy way to ad on torrent search engines is to just upload a few files yourself?  Ensure the folder name or somewhere in the file is reference to BitCoinTorrentz, make sure the file itself is quality and not all over ThePirateBay for example, free commercial that you wouldn't even have to seed yourself after the first hour if the file was desired enough.

Very interesting proposal, but that could lead to the implication of the site in the illegal distribution of copyrighted materials however. Bitcointorrentz does not (officially) permit the use of the service for copyrighted or illegal materials, only legal torrents that are open source or not copyrighted. I'd love to do this, but I think it could be damaging to the site.