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Author Topic: BitCoinTorrentz.com - Torrent Download Service  (Read 52997 times)
mjcmurfy
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November 12, 2011, 02:49:16 AM
 #261

@molecular: I double checked my bitcoin conf file and you are correct, it was set to pregenerate 100 addresses. Yet I can still only see a few in the address book from the bitcoin GUI. Does the client set them aside for later use, when I initiate the getnewaddress rpc? I wonder if I increased this number up to, 500, for example - then restarted the client, would it pregenerate 400 additional new addresses and add them into the wallet? You'll have to excuse my lack of knowledge on the subject, I am still getting to grips with the ins and outs of the protocol.

Also, just want to thank whoever it was who sent the very kind donation earlier. It is very much appreciated! Wink

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
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molecular
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November 12, 2011, 09:08:04 AM
 #262

@molecular: I double checked my bitcoin conf file and you are correct, it was set to pregenerate 100 addresses. Yet I can still only see a few in the address book from the bitcoin GUI. Does the client set them aside for later use, when I initiate the getnewaddress rpc?
Quote

I'm assuming exactly that and I remember being told on #bitcoin-dev that's the way it works.

There also seems to exist a rpc call "keypoolrefill" I just discovered (that's a modded version 0.5 of bitcoind, however, so you'd have to check with "help" if you have that). If it does what it sounds like, this would be something to call before the wallet-backup to avoid address loss in backup.

In the end, to verify these assumption, we'd have to look at a wallet dump. I have a patched bitcoind on another system that has the sipa:showwallet patches (https://github.com/sipa/bitcoin/tree/showwallet). These add a "dumpwallet" rpc call that dumps all the keys in the wallet (not just the ones displayed in the gui) in a human-parsable json format. I remember it was painfull to get these patches working and compile bitcoind.

So maybe looking at pywallet (I never did myself) and verifying the behaviour of "keypoolrefill" and "-keypool=n" might be a good idea?

I wonder if I increased this number up to, 500, for example - then restarted the client, would it pregenerate 400 additional new addresses and add them into the wallet?

Again, I'm assuming that's what would happen.

If you want, I can verify these assumed behaviors using pywallet... I've been wanting to check that out anyways for importing/exporting keys (e.g. for casascius key import)

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
mjcmurfy
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November 14, 2011, 08:58:12 PM
 #263

I am going to have to increase the price of this service considering the recent drop of 25% in the exchange rate. I have not raised prices all the way down from $5. While I am willing to subsidize the fiat costs for the benefit of users, I am not willing to run this business at a loss for an extended period of time.

I am thinking of a base rate of around 0.08 btc/GB.
Could shareholders and users weigh in with their opinions on what a reasonable price would be?

Anyone who has already purchased bandwidth will not be affected by this price rise.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
molecular
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November 14, 2011, 10:50:24 PM
 #264

I am going to have to increase the price of this service considering the recent drop of 25% in the exchange rate. I have not raised prices all the way down from $5. While I am willing to subsidize the fiat costs for the benefit of users, I am not willing to run this business at a loss for an extended period of time.

I am thinking of a base rate of around 0.08 btc/GB.
Could shareholders and users weigh in with their opinions on what a reasonable price would be?

Anyone who has already purchased bandwidth will not be affected by this price rise.

Even 0.1 BTC/GB is reasonable in my mind. 0.099 is stupid. I don't know how you came up with 0.08 BTC/GB, but it seems pretty much exactly right.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
bitfoo
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November 14, 2011, 11:20:20 PM
 #265

I am thinking of a base rate of around 0.08 btc/GB.
Could shareholders and users weigh in with their opinions on what a reasonable price would be?

FWIW, I always thought 0.05 BTC/GB was quite cheap. 0.1 seems reasonable. I speak as both a user and a shareholder.

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November 15, 2011, 06:52:56 AM
 #266

I am going to have to increase the price of this service considering the recent drop of 25% in the exchange rate. I have not raised prices all the way down from $5. While I am willing to subsidize the fiat costs for the benefit of users, I am not willing to run this business at a loss for an extended period of time.

I am thinking of a base rate of around 0.08 btc/GB.
Could shareholders and users weigh in with their opinions on what a reasonable price would be?

Anyone who has already purchased bandwidth will not be affected by this price rise.

It's your business, do as you please, users will "vote with their feet" as we say in Germany.
I relly enjoy your business and I think it's one of the very few that is really viable (legal concerns aside).
Raise the prices, I'm-a-gonna-be on the lowest rebate level soon anyhow.

Speaking of which: How  are the bundle prices created? I noticed that you are selling the 10GB pack at the same rate you are selling the 50GB pack... or am I getting different rates from other, more infrequent users? If you were to offer a 100GB packet... would that be even cheaper?

Maybe I'm thinking it wrong, but I guess there's a little wiggle room for more profit right there.



That being said, for me as a potential shareholder profitability IS a concern.
mjcmurfy
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November 15, 2011, 12:07:33 PM
 #267

@2weiX: the bundle price is calculated based on your discounted rate.

Ok, so I am going to increase the price to 0.8 btc/gb for the time being. If anyone has any objections to this, please feel free to voice your opinion either in this thread or by PM to me personally. All comments are welcome, especially critical ones.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
2weiX
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November 15, 2011, 12:14:04 PM
 #268

@2weiX: the bundle price is calculated based on your discounted rate.

Ok, so I am going to increase the price to 0.8 btc/gb for the time being. If anyone has any objections to this, please feel free to voice your opinion either in this thread or by PM to me personally. All comments are welcome, especially critical ones.

so the bundle is created on the CURRENT discount, not taking into account the discount i WOULD be elegible for when using the package?
mjcmurfy
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November 15, 2011, 12:18:03 PM
 #269

The discount levels are based on how much you download. If you download 20GB, you get 10% off.
When you buy bandwidth, you will not receive discount until you actually use it. It's just a convenience.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
molecular
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November 15, 2011, 12:37:43 PM
 #270

It's your business, do as you please, users will "vote with their feet" as we say in Germany.

Their feet... or their wallets Wink

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
mjcmurfy
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November 17, 2011, 03:06:20 AM
 #271

I have paid this months dividend. Here is a breakdown of this month:

Total Downloads: 407
Total Users: 67 and growing steadily.
Total Income: 29.53215 btc.

30% shares held by shareholders = 8.859645 btc
- October dividend overpayment: 6.30582962
= Net Dividend: 2.55381538 btc (0.00851271793333 btc/share).

Unfortunately, due to the overpayment last month the dividend per share is quite low. However, the earnings for the month have been significantly better than last month (330.6% higher) and the dividend/share should have been 0.02953215 btc/share if not for the clerical error I made with the previous dividend payment. That is a 14.8% ROI from my IPO price of 0.2 btc/share.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
2weiX
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November 17, 2011, 07:25:12 AM
 #272

I have paid this months dividend. Here is a breakdown of this month:

Total Downloads: 407
Total Users: 67 and growing steadily.
Total Income: 29.53215 btc.

30% shares held by shareholders = 8.859645 btc
- October dividend overpayment: 6.30582962
= Net Dividend: 2.55381538 btc (0.00851271793333 btc/share).

Unfortunately, due to the overpayment last month the dividend per share is quite low. However, the earnings for the month have been significantly better than last month (330.6% higher) and the dividend/share should have been 0.02953215 btc/share if not for the clerical error I made with the previous dividend payment. That is a 14.8% ROI from my IPO price of 0.2 btc/share.

haha.
bought yesterday and BOOM dividend today. I'm not gonna tell you the ROI on that.
that makes me...


a typical late adopter.


*sigh*

mjcmurfy
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November 22, 2011, 08:40:06 PM
 #273

I just discovered that the bitcoin daemon had crashed on the server. I'm not sure how long it has been like that, but if you tried to send payment and it failed to give you a payment address, everything is back to normal again.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
molecular
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December 06, 2011, 02:49:45 AM
 #274

CryptoXChange just tweeted:

Quote from: CryptoXChange Crypto X Change
BitCoinTorrentz.com - Download or Stream Torrents Anonymously from the Web! #Retweet4Bitcoin #FeedZeBirds ChkStatus@ feedzebirds.com/8d4e

don't know how to get the link to a tweet, so I just quoted it here.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Peripeteia
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December 07, 2011, 10:39:27 AM
 #275

As an additional service, I think it would be quite useful if a customer could submit a bunch of related links (eg. movies usually get chunked up into different links) from public storage sites (Megafile Upload, Hotfile and the like), BitCoinTorrentz would download all of them, package them into a single torrent and then send the customer the torrent file for the customer to download.

Basically the service gives the customer the convenience of bypassing all the hassle associated with downloading from those public storage sites.  I'd probably pay for something like that Grin

Still, BitCoinTorrentz as it is now is a great idea and dovetails neatly with the potential of Bitcoin. Kudos! (I've translated my praise into coin by buying some shares.)
2weiX
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December 07, 2011, 01:03:57 PM
 #276

how about a subscription tunnel / proxy service for anonymization?
molecular
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December 07, 2011, 02:36:31 PM
 #277

As an additional service, I think it would be quite useful if a customer could submit a bunch of related links (eg. movies usually get chunked up into different links) from public storage sites (Megafile Upload, Hotfile and the like), BitCoinTorrentz would download all of them, package them into a single torrent and then send the customer the torrent file for the customer to download.

Basically the service gives the customer the convenience of bypassing all the hassle associated with downloading from those public storage sites.  I'd probably pay for something like that Grin

check out pyload.org


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December 07, 2011, 11:41:30 PM
 #278

check out pyload.org

Thanks for the tip, Molecular. Pyload looks interesting, I'll check it out.

I think BitCoinTorrentz.com could offer something along similar lines; with the added convenience that all the customer would have to do is download a single torrent file to download.
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December 11, 2011, 08:03:48 AM
 #279

To advertise this service, consider the following tweet for FeedZeBirds:

Spy on your neighbor's torrents. http://www.youhavedownloaded.com/
Keep your torrents anonymous. http://www.bitcointorrentz.com/

▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁
        AltCoinInternalExperts                Get Your Altcoin Promoted On Social Media       
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mjcmurfy
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December 11, 2011, 10:40:50 AM
 #280

Cool site cunicula. I think that would be a very effective method of advertising indeed! hehe.

I ran my own home IP address through it and it found a few torrents I downloaded a while back. Then I ran the ip address of bitcointorrentz.com through it and zilch, nada. It's good to know that the steps I have taken to prevent torrent data sniffing on the server are working.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
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