jamieb81
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May 09, 2014, 04:39:28 PM |
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What is the PoS annual interest rate? Cannot fint that info.
read the website of sharecoin
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AcidReniX
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Activity: 23
Merit: 0
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May 09, 2014, 04:42:39 PM |
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So it turns out I've been doing the maths wrong. Very wrong. It's much easier to calculate. TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used.
((Total BTC spent on FeeShares x 100,000) x 1000) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one day.
(((Total BTC spent on FeeShares x 100,000) x 1000) / 30) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one month.
(((Total BTC spent on FeeShares x 100,000) x 1000) / 365) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one year.
So if you purchase 1 FeeShare for 0.07 BTC (ShareCoins valued at 350 satoshi each).
7,000,000 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one day 233333.33 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one month 19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year
i have this investment for fee share 0BTC how would you calculate that? i got the sharecoin for free / bought fee share from it.. thus i already have my roi the moment i bought that fee share.. no matter how small the income , it is counted as profit for me ^^, that's my story.. and other free sharecoin holder, but well if you bought sharecoins, it's a diff story, Note this line: "TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used."The point is, you can sell those ShareCoins and make money, so we are giving them a value, even if you gained them for free. The fact that you didn't pay for them doesn't change the fact that you would still be investing something with value. If you spend 60,000 SHARES on FeeShare, then at 350 satoshis per SHARE your investment is 0.21 BTC, because you can always go ahead and get that BTC now... as it is yours.
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VladMaster
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May 09, 2014, 04:51:29 PM |
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Got question about LOCKED WALLET:
Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!
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PilotofBTC
Legendary
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Activity: 1736
Merit: 1001
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May 09, 2014, 04:54:29 PM |
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What is the PoS annual interest rate? Cannot fint that info. VV got it bottom of sharecoin.info. Interest is doubled if you hold at sharexcoin.com.
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lionheart78
Legendary
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Activity: 2982
Merit: 1153
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May 09, 2014, 04:54:47 PM |
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So it turns out I've been doing the maths wrong. Very wrong. It's much easier to calculate. TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used.
((Total BTC spent on FeeShares x 100,000) x 1000) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one day.
(((Total BTC spent on FeeShares x 100,000) x 1000) / 30) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one month.
(((Total BTC spent on FeeShares x 100,000) x 1000) / 365) / Number of FeeShares Owned = Daily Transaction volume SharexCoin needs to earn your investment back in one year.
So if you purchase 1 FeeShare for 0.07 BTC (ShareCoins valued at 350 satoshi each).
7,000,000 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one day 233333.33 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one month 19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year
i have this investment for fee share 0BTC how would you calculate that? i got the sharecoin for free / bought fee share from it.. thus i already have my roi the moment i bought that fee share.. no matter how small the income , it is counted as profit for me ^^, that's my story.. and other free sharecoin holder, but well if you bought sharecoins, it's a diff story, Note this line: "TOTAL BTC spent on FeeShares is the BTC Value of the ShareCoins you used."The point is, you can sell those ShareCoins and make money, so we are giving them a value, even if you gained them for free. The fact that you didn't pay for them doesn't change the fact that you would still be investing something with value. If you spend 60,000 SHARES on FeeShare, then at 350 satoshis per SHARE your investment is 0.21 BTC, because you can always go ahead and get that BTC now... as it is yours. it's free and have no value when we got em.. but as i said if you think it that way.. it's another point .. both point of view is valid, and you have seen the price it's your choice to invest or not.. the owner said they wont change the price and it's fix.. and sharecoins and feeshare is diff entity as it was explained on the previous page,
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vrm86
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May 09, 2014, 04:55:59 PM |
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19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year
It's 15x more than Cryptsy 24h trade volume
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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May 09, 2014, 04:56:33 PM |
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Got question about LOCKED WALLET:
Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!
I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict).
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ThomasShapiro
Newbie
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Activity: 13
Merit: 0
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May 09, 2014, 05:01:14 PM |
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atomiclock
Newbie
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Activity: 15
Merit: 0
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May 09, 2014, 05:02:12 PM |
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this coin is awesome!
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ycz
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May 09, 2014, 05:02:18 PM |
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numnutz2005
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May 09, 2014, 05:03:33 PM |
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It is also working for me
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numnutz2005
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May 09, 2014, 05:07:01 PM |
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A lot of people are talking about Feeshare, from which I also learned some, I think I will buy some Feeshares
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VladMaster
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May 09, 2014, 05:07:52 PM |
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Got question about LOCKED WALLET:
Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!
I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict). So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 ?
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melosine
Member
Offline
Activity: 112
Merit: 10
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May 09, 2014, 05:17:39 PM |
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Got question about LOCKED WALLET:
Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!
I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict). So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 ? no, it doesn't have to be unlocked and running all the time. And the rate is always the same. You can't maximize profit by leaving it on all the time. I suggest you read up on POS in general.
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AcidReniX
Newbie
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Activity: 23
Merit: 0
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May 09, 2014, 05:20:24 PM |
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19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year
It's 15x more than Cryptsy 24h trade volume That's the point. With ShareCoins at 350 satoshis each, it's actually really stupid to purchase FeeShares because it would take you years to get the same BTC back that you would spend in FeeShares. I bought FeeShares as soon as I could and then did the maths and realised my huge mistake. I can't see the 3 FeeShares I own being able to make 0.2 BTC by the end of this year unless the system changes. If ShareCoins are 1 satoshi each, SharexCoin would only need 54.79 BTC Transaction volume a year to get your investment back. You would actually make quite a lot of satoshis over a year in this scenario assuming SharexCoin gets quite popular. I still think the best suggestion made on this forum to do with FeeShare is to share the percentage between all purchase FeeShares (not between 5,000 where 4,800 aren't purchased but between the 200 who have purchased). That would encourage more people to buy FeeShares as the exchange grows.
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ReRunRod
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May 09, 2014, 05:20:37 PM |
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Got question about LOCKED WALLET:
Once I locked it Im getting "Minting is suspended due to locked wallet". So I dont get any PoS coins... How to make it unlocked for good? I've search the whole wallet but cant find that option!
I would suggest not doing that. Just unlock it and leave it opened. It needs to be opened to Stake (afaict). So I can mint coin only if I got my computer online, so that basiclly means to get max profit I need to be 24/7 ? Can't mint if the wallet is locked. You can mint once the network catches you connected.
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ReRunRod
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May 09, 2014, 05:24:19 PM |
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19178.08 BTC Daily Transaction volume SharexCoin needs to earn YOU 0.07 BTC back in one year
It's 15x more than Cryptsy 24h trade volume That's the point. With ShareCoins at 350 satoshis each, it's actually really stupid to purchase FeeShares because it would take you years to get the same BTC back that you would spend in FeeShares. I bought FeeShares as soon as I could and then did the maths and realised my huge mistake. I can't see the 3 FeeShares I own being able to make 0.2 BTC by the end of this year unless the system changes. If ShareCoins are 1 satoshi each, SharexCoin would only need 54.79 BTC Transaction volume a year to get your investment back. You would actually make quite a lot of satoshis over a year in this scenario assuming SharexCoin gets quite popular. I still think the best suggestion made on this forum to do with FeeShare is to share the percentage between all purchase FeeShares (not between 5,000 where 4,800 aren't purchased but between the 200 who have purchased). That would encourage more people to buy FeeShares as the exchange grows. That's why I started with 1 FEE SHARE. I wan't to see where it goes!
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