Bitmark

[schnötzel]

Just skimmed over the text so please be clement if i miss something.

We talk about ~100 BTC (8x12) for first year?

As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.

I greatly support this iniciative and I'll do all I can to help it go through. I'm sure we're doing the right steps and tho still capable to throw our eyes beyond the horizon...

About those platforms, I don't have a valuable oppinion because I've never used one before. I'm sure some of you guys will choose the right one for the purpose.

I'm interested and excited about beeing one of the founders (or investor) and contribute for the success of GetMarked if the community choose to start with it as a side-project. So lets think about the real budget numbers and begin to draw the plan Maybe spme pf you guys come with some concrete proposal we can discuss...

+1

[1713949383]

1713949383

[1713949383]

1713949383

[1713949383]

1713949383

[coinsolidation]

Just skimmed over the text so please be clement if i miss something.

We talk about ~100 BTC (8x12) for first year?

As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.

No, only 1x.

I started defining an unnamed project on this thread exactly 1 month ago today. What is achievable in a single month is clear to see.
To do the same thing for GetMarked and have it adopted and being actively used by non crypto web citizens can be achieved by this date next month.

To balance my families needs, paid work, and bitmark is nearly impossible. To balance all of that and getmarked is impossible.
If I can replace the paid work for clients with a funding/investment to create getmarked, then balance is restored and even more than the last month is achievable.
6 BTC would cover my families needs, all project resources, enable some tips to those helping.
2 BTC would provide a reasonable amount of BTM as investment to those who invested.

After a month we would have bitmark a month more mature, and getmarked beginning to be adopted and used.

The work on bitmark and getmarked will continue with or without this, I do not want to loose our momentum or burn out.

Any future adoption focused side projects would be proposed by me or others, and considered at that time. Some may take a few hours, or some a few weeks, many will fall out naturally and with no cost incurred, others may need some financial commitment in order to be completed.

Taking this transparent approach is fairer, less expensive, less risk, and more guaranteed than anything like IPO, as if getmarked is not of merit and does not earn value then any subsequent proposal would be rejected by any potential investors.

I look forward to our status in one years time, for then the bitmark foundation will cover funding for anything the community decides is worth doing.

[coinsolidation]

Somebody mentioned a 'market cap' earlier, we have no market.

A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark.

I have calculated this with a quick script http://bitmark.co/production.txt

Code:

Blocks 	BTM 	Hashrate	BTM Cost	Production Cap	Av BTM Cost
60	1200	49020728	0.00000400	0.00479995	0.00000400
120	2400	81693444	0.00000667	0.01279910	0.00000533
180	3600	279351728	0.00002279	0.04015229	0.00001115
240	4800	230605789	0.00001882	0.06273244	0.00001307
300	6000	227752514	0.00001858	0.08503320	0.00001417
360	7200	422116248	0.00003444	0.12636542	0.00001755
420	8400	704103743	0.00005745	0.19530891	0.00002325
480	9600	985475984	0.00008041	0.29180343	0.00003040
540	10800	1244937053	0.00010158	0.41370352	0.00003831
600	12000	1212715152	0.00009895	0.53244855	0.00004437
660	13200	1493924463	0.00012190	0.67872865	0.00005142
720	14400	1732095208	0.00014133	0.84832964	0.00005891
780	15600	2493093770	0.00020343	1.09244507	0.00007003
840	16800	2723402588	0.00022222	1.35911157	0.00008090
900	18000	2019212301	0.00016476	1.55682611	0.00008649
960	19200	1665279289	0.00013588	1.71988471	0.00008958
1020	20400	1708049511	0.00013937	1.88713122	0.00009251
1080	21600	1644031706	0.00013415	2.04810933	0.00009482
1140	22800	1689848983	0.00013789	2.21357371	0.00009709
1200	24000	1961575413	0.00016006	2.40564463	0.00010024
1260	25200	2013296640	0.00016428	2.60277993	0.00010328
1320	26400	1806849920	0.00014743	2.77970065	0.00010529
1380	27600	1574954743	0.00012851	2.93391497	0.00010630
1440	28800	1662593354	0.00013566	3.09671057	0.00010752
1500	30000	1769401697	0.00014438	3.26996448	0.00010900
1560	31200	1725201472	0.00014077	3.43889046	0.00011022
1620	32400	1516172649	0.00012372	3.58734903	0.00011072
1680	33600	1593827413	0.00013005	3.74341130	0.00011141
1740	34800	2176422021	0.00017759	3.95651929	0.00011369
1800	36000	2282442025	0.00018624	4.18000841	0.00011611
1860	37200	2348750509	0.00019165	4.40999023	0.00011855
1920	38400	2697567235	0.00022011	4.67412702	0.00012172
1980	39600	2136943000	0.00017437	4.88336935	0.00012332
2040	40800	1640108003	0.00013383	5.04396326	0.00012363
2100	42000	1855222281	0.00015138	5.22562044	0.00012442
2160	43200	1844002147	0.00015047	5.40617899	0.00012514
2220	44400	1129279294	0.00009215	5.51675425	0.00012425
2280	45600	1069183315	0.00008724	5.62144512	0.00012328
2340	46800	1119950419	0.00009138	5.73110693	0.00012246
2400	48000	1125823234	0.00009186	5.84134379	0.00012169
2460	49200	1176946213	0.00009604	5.95658644	0.00012107
2520	50400	1130209862	0.00009222	6.06725282	0.00012038
2580	51600	969124326	0.00007908	6.16214624	0.00011942
2640	52800	846911412	0.00006911	6.24507299	0.00011828
2700	54000	862776094	0.00007040	6.32955315	0.00011721
2760	55200	1008556054	0.00008230	6.42830759	0.00011645
2820	56400	1099980350	0.00008976	6.53601400	0.00011589
2880	57600	922773719	0.00007530	6.62636893	0.00011504
2940	58800	776256299	0.00006334	6.70237736	0.00011399
3000	60000	905431222	0.00007388	6.79103417	0.00011318
3060	61200	1138467506	0.00009290	6.90250911	0.00011279
3120	62400	961728085	0.00007847	6.99667832	0.00011213
3180	63600	848408274	0.00006923	7.07975163	0.00011132
3240	64800	988191656	0.00008063	7.17651206	0.00011075
3300	66000	1091366774	0.00008905	7.28337506	0.00011035
3360	67200	1038184608	0.00008471	7.38503063	0.00010990
3420	68400	938098403	0.00007655	7.47688610	0.00010931
3480	69600	968727375	0.00007905	7.57174066	0.00010879
3540	70800	965632605	0.00007879	7.66629218	0.00010828
3600	72000	683901163	0.00005580	7.73325750	0.00010741
3660	73200	572106293	0.00004668	7.78927625	0.00010641
3720	74400	588033458	0.00004798	7.84685452	0.00010547
3780	75600	557011792	0.00004545	7.90139526	0.00010452
3840	76800	554624734	0.00004526	7.95570227	0.00010359
3900	78000	541595017	0.00004419	8.00873344	0.00010268
3960	79200	508575042	0.00004150	8.05853142	0.00010175
4020	80400	453505733	0.00003700	8.10293719	0.00010078
4080	81600	446061825	0.00003640	8.14661407	0.00009984
4140	82800	494230026	0.00004033	8.19500743	0.00009897
4200	84000	516921570	0.00004218	8.24562267	0.00009816
4260	85200	800649010	0.00006533	8.32401955	0.00009770
4320	86400	1257259955	0.00010259	8.44712625	0.00009777
4380	87600	1146676837	0.00009357	8.55940503	0.00009771
4440	88800	1124757489	0.00009178	8.66953753	0.00009763
4500	90000	1178355463	0.00009615	8.78491817	0.00009761
4560	91200	1257031700	0.00010257	8.90800252	0.00009768
4620	92400	1126593078	0.00009193	9.01831476	0.00009760
4680	93600	1099819292	0.00008974	9.12600540	0.00009750
4740	94800	1295361830	0.00010570	9.25284291	0.00009760
4800	96000	1392475862	0.00011362	9.38918951	0.00009780
4860	97200	1128127319	0.00009205	9.49965198	0.00009773
4920	98400	1090122240	0.00008895	9.60639311	0.00009763
4980	99600	1099527330	0.00008972	9.71405516	0.00009753
5040	100800	1034199168	0.00008439	9.81532050	0.00009737
5100	102000	1313515933	0.00010718	9.94393560	0.00009749
5160	103200	1417751126	0.00011568	10.08275706	0.00009770
5220	104400	1150382449	0.00009387	10.19539868	0.00009766
5280	105600	1105662796	0.00009022	10.30366149	0.00009757
5340	106800	1267870559	0.00010345	10.42780715	0.00009764
5400	108000	681507085	0.00005561	10.49453806	0.00009717
5460	109200	395005402	0.00003223	10.53321567	0.00009646
5520	110400	430309375	0.00003511	10.57535013	0.00009579
5580	111600	618221385	0.00005045	10.63588431	0.00009530
5640	112800	740674761	0.00006044	10.70840871	0.00009493
5700	114000	734874671	0.00005996	10.78036519	0.00009456
5760	115200	693231969	0.00005657	10.84824415	0.00009417
5820	116400	669127822	0.00005460	10.91376292	0.00009376
5880	117600	723361795	0.00005902	10.98459209	0.00009341
5940	118800	934473049	0.00007625	11.07609258	0.00009323
6000	120000	854796926	0.00006975	11.15979144	0.00009300
6060	121200	817211800	0.00006668	11.23981010	0.00009274
6120	122400	916463412	0.00007478	11.32954714	0.00009256
6180	123600	900822770	0.00007350	11.41775270	0.00009238
6240	124800	873902487	0.00007131	11.50332232	0.00009217
6300	126000	843324975	0.00006881	11.58589789	0.00009195
6360	127200	832091278	0.00006790	11.66737350	0.00009172
6420	128400	841107644	0.00006863	11.74973195	0.00009151
6480	129600	963120645	0.00007859	11.84403752	0.00009139
6540	130800	1052094344	0.00008585	11.94705509	0.00009134
6600	132000	1181580282	0.00009641	12.06275149	0.00009138

The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement.

This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price

Update: getbitmark.org has been donated to the project!

[coinsolidation]

Updated OS-X Client

The OS-X Bitmark client has been updated to fix a minor bug, it also includes the latest checkpoints. You can download it from the tagged release on github.

Code:

dc6222d67170d60109baf224868fa355401c4ecda6b6ee0d72aed703b04ca1d3 Bitmark-Qt.dmg

[Androidicus]

I decided to secure getmarked.org for the Foundation but it had been registered.

Hopefully from within the community...

In the spirit of transparency, I have secured mymarks.org

mymarks.com redirects to my2014rewards.com which detects browser and prompts for 'survey' participation in relation to that browser...

So, my motivation for securing mymarks.org is partially speculative - but also driven by my thoughts that this is a good 'marks' related domain and might be useful if the getmarked.org has been secured outside of the community.

 

[pabloangello]

I decided to secure getmarked.org for the Foundation but it had been registered.

Hopefully from within the community...

In the spirit of transparency, I have secured mymarks.org

mymarks.com redirects to my2014rewards.com which detects browser and prompts for 'survey' participation in relation to that browser...

So, my motivation for securing mymarks.org is partially speculative - but also driven by my thoughts that this is a good 'marks' related domain and might be useful if the getmarked.org has been secured outside of the community.

 

What do you mean by securing the domain?

[schnötzel]

What do you mean by securing the domain?

I´m not 100% sure but probably:
secure retain

[Androidicus]

I decided to secure getmarked.org for the Foundation but it had been registered.

Hopefully from within the community...

In the spirit of transparency, I have secured mymarks.org

mymarks.com redirects to my2014rewards.com which detects browser and prompts for 'survey' participation in relation to that browser...

So, my motivation for securing mymarks.org is partially speculative - but also driven by my thoughts that this is a good 'marks' related domain and might be useful if the getmarked.org has been secured outside of the community.

 

What do you mean by securing the domain?

Quite simply that - I have registered mymarks.org

[testadimerlo]

Somebody mentioned a 'market cap' earlier, we have no market.

A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark.

I have calculated this with a quick script http://bitmark.co/production.txt

Code:

Blocks 	BTM 	Hashrate	BTM Cost	Production Cap	Av BTM Cost
60	1200	49020728	0.00000400	0.00479995	0.00000400
120	2400	81693444	0.00000667	0.01279910	0.00000533
180	3600	279351728	0.00002279	0.04015229	0.00001115
240	4800	230605789	0.00001882	0.06273244	0.00001307
300	6000	227752514	0.00001858	0.08503320	0.00001417
360	7200	422116248	0.00003444	0.12636542	0.00001755
420	8400	704103743	0.00005745	0.19530891	0.00002325
480	9600	985475984	0.00008041	0.29180343	0.00003040
540	10800	1244937053	0.00010158	0.41370352	0.00003831
600	12000	1212715152	0.00009895	0.53244855	0.00004437
660	13200	1493924463	0.00012190	0.67872865	0.00005142
720	14400	1732095208	0.00014133	0.84832964	0.00005891
780	15600	2493093770	0.00020343	1.09244507	0.00007003
840	16800	2723402588	0.00022222	1.35911157	0.00008090
900	18000	2019212301	0.00016476	1.55682611	0.00008649
960	19200	1665279289	0.00013588	1.71988471	0.00008958
1020	20400	1708049511	0.00013937	1.88713122	0.00009251
1080	21600	1644031706	0.00013415	2.04810933	0.00009482
1140	22800	1689848983	0.00013789	2.21357371	0.00009709
1200	24000	1961575413	0.00016006	2.40564463	0.00010024
1260	25200	2013296640	0.00016428	2.60277993	0.00010328
1320	26400	1806849920	0.00014743	2.77970065	0.00010529
1380	27600	1574954743	0.00012851	2.93391497	0.00010630
1440	28800	1662593354	0.00013566	3.09671057	0.00010752
1500	30000	1769401697	0.00014438	3.26996448	0.00010900
1560	31200	1725201472	0.00014077	3.43889046	0.00011022
1620	32400	1516172649	0.00012372	3.58734903	0.00011072
1680	33600	1593827413	0.00013005	3.74341130	0.00011141
1740	34800	2176422021	0.00017759	3.95651929	0.00011369
1800	36000	2282442025	0.00018624	4.18000841	0.00011611
1860	37200	2348750509	0.00019165	4.40999023	0.00011855
1920	38400	2697567235	0.00022011	4.67412702	0.00012172
1980	39600	2136943000	0.00017437	4.88336935	0.00012332
2040	40800	1640108003	0.00013383	5.04396326	0.00012363
2100	42000	1855222281	0.00015138	5.22562044	0.00012442
2160	43200	1844002147	0.00015047	5.40617899	0.00012514
2220	44400	1129279294	0.00009215	5.51675425	0.00012425
2280	45600	1069183315	0.00008724	5.62144512	0.00012328
2340	46800	1119950419	0.00009138	5.73110693	0.00012246
2400	48000	1125823234	0.00009186	5.84134379	0.00012169
2460	49200	1176946213	0.00009604	5.95658644	0.00012107
2520	50400	1130209862	0.00009222	6.06725282	0.00012038
2580	51600	969124326	0.00007908	6.16214624	0.00011942
2640	52800	846911412	0.00006911	6.24507299	0.00011828
2700	54000	862776094	0.00007040	6.32955315	0.00011721
2760	55200	1008556054	0.00008230	6.42830759	0.00011645
2820	56400	1099980350	0.00008976	6.53601400	0.00011589
2880	57600	922773719	0.00007530	6.62636893	0.00011504
2940	58800	776256299	0.00006334	6.70237736	0.00011399
3000	60000	905431222	0.00007388	6.79103417	0.00011318
3060	61200	1138467506	0.00009290	6.90250911	0.00011279
3120	62400	961728085	0.00007847	6.99667832	0.00011213
3180	63600	848408274	0.00006923	7.07975163	0.00011132
3240	64800	988191656	0.00008063	7.17651206	0.00011075
3300	66000	1091366774	0.00008905	7.28337506	0.00011035
3360	67200	1038184608	0.00008471	7.38503063	0.00010990
3420	68400	938098403	0.00007655	7.47688610	0.00010931
3480	69600	968727375	0.00007905	7.57174066	0.00010879
3540	70800	965632605	0.00007879	7.66629218	0.00010828
3600	72000	683901163	0.00005580	7.73325750	0.00010741
3660	73200	572106293	0.00004668	7.78927625	0.00010641
3720	74400	588033458	0.00004798	7.84685452	0.00010547
3780	75600	557011792	0.00004545	7.90139526	0.00010452
3840	76800	554624734	0.00004526	7.95570227	0.00010359
3900	78000	541595017	0.00004419	8.00873344	0.00010268
3960	79200	508575042	0.00004150	8.05853142	0.00010175
4020	80400	453505733	0.00003700	8.10293719	0.00010078
4080	81600	446061825	0.00003640	8.14661407	0.00009984
4140	82800	494230026	0.00004033	8.19500743	0.00009897
4200	84000	516921570	0.00004218	8.24562267	0.00009816
4260	85200	800649010	0.00006533	8.32401955	0.00009770
4320	86400	1257259955	0.00010259	8.44712625	0.00009777
4380	87600	1146676837	0.00009357	8.55940503	0.00009771
4440	88800	1124757489	0.00009178	8.66953753	0.00009763
4500	90000	1178355463	0.00009615	8.78491817	0.00009761
4560	91200	1257031700	0.00010257	8.90800252	0.00009768
4620	92400	1126593078	0.00009193	9.01831476	0.00009760
4680	93600	1099819292	0.00008974	9.12600540	0.00009750
4740	94800	1295361830	0.00010570	9.25284291	0.00009760
4800	96000	1392475862	0.00011362	9.38918951	0.00009780
4860	97200	1128127319	0.00009205	9.49965198	0.00009773
4920	98400	1090122240	0.00008895	9.60639311	0.00009763
4980	99600	1099527330	0.00008972	9.71405516	0.00009753
5040	100800	1034199168	0.00008439	9.81532050	0.00009737
5100	102000	1313515933	0.00010718	9.94393560	0.00009749
5160	103200	1417751126	0.00011568	10.08275706	0.00009770
5220	104400	1150382449	0.00009387	10.19539868	0.00009766
5280	105600	1105662796	0.00009022	10.30366149	0.00009757
5340	106800	1267870559	0.00010345	10.42780715	0.00009764
5400	108000	681507085	0.00005561	10.49453806	0.00009717
5460	109200	395005402	0.00003223	10.53321567	0.00009646
5520	110400	430309375	0.00003511	10.57535013	0.00009579
5580	111600	618221385	0.00005045	10.63588431	0.00009530
5640	112800	740674761	0.00006044	10.70840871	0.00009493
5700	114000	734874671	0.00005996	10.78036519	0.00009456
5760	115200	693231969	0.00005657	10.84824415	0.00009417
5820	116400	669127822	0.00005460	10.91376292	0.00009376
5880	117600	723361795	0.00005902	10.98459209	0.00009341
5940	118800	934473049	0.00007625	11.07609258	0.00009323
6000	120000	854796926	0.00006975	11.15979144	0.00009300
6060	121200	817211800	0.00006668	11.23981010	0.00009274
6120	122400	916463412	0.00007478	11.32954714	0.00009256
6180	123600	900822770	0.00007350	11.41775270	0.00009238
6240	124800	873902487	0.00007131	11.50332232	0.00009217
6300	126000	843324975	0.00006881	11.58589789	0.00009195
6360	127200	832091278	0.00006790	11.66737350	0.00009172
6420	128400	841107644	0.00006863	11.74973195	0.00009151
6480	129600	963120645	0.00007859	11.84403752	0.00009139
6540	130800	1052094344	0.00008585	11.94705509	0.00009134
6600	132000	1181580282	0.00009641	12.06275149	0.00009138

The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement.

This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price

Update: getbitmark.org has been donated to the project!

I m not a miner.. How could I buy some coin just to be part of the project? Are u thinking about a crowd fund giving coins to the investors? thanks for the reply

[pabloangello]

Somebody mentioned a 'market cap' earlier, we have no market.

A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark.

I have calculated this with a quick script http://bitmark.co/production.txt

Code:

Blocks 	BTM 	Hashrate	BTM Cost	Production Cap	Av BTM Cost
60	1200	49020728	0.00000400	0.00479995	0.00000400
120	2400	81693444	0.00000667	0.01279910	0.00000533
180	3600	279351728	0.00002279	0.04015229	0.00001115
240	4800	230605789	0.00001882	0.06273244	0.00001307
300	6000	227752514	0.00001858	0.08503320	0.00001417
360	7200	422116248	0.00003444	0.12636542	0.00001755
420	8400	704103743	0.00005745	0.19530891	0.00002325
480	9600	985475984	0.00008041	0.29180343	0.00003040
540	10800	1244937053	0.00010158	0.41370352	0.00003831
600	12000	1212715152	0.00009895	0.53244855	0.00004437
660	13200	1493924463	0.00012190	0.67872865	0.00005142
720	14400	1732095208	0.00014133	0.84832964	0.00005891
780	15600	2493093770	0.00020343	1.09244507	0.00007003
840	16800	2723402588	0.00022222	1.35911157	0.00008090
900	18000	2019212301	0.00016476	1.55682611	0.00008649
960	19200	1665279289	0.00013588	1.71988471	0.00008958
1020	20400	1708049511	0.00013937	1.88713122	0.00009251
1080	21600	1644031706	0.00013415	2.04810933	0.00009482
1140	22800	1689848983	0.00013789	2.21357371	0.00009709
1200	24000	1961575413	0.00016006	2.40564463	0.00010024
1260	25200	2013296640	0.00016428	2.60277993	0.00010328
1320	26400	1806849920	0.00014743	2.77970065	0.00010529
1380	27600	1574954743	0.00012851	2.93391497	0.00010630
1440	28800	1662593354	0.00013566	3.09671057	0.00010752
1500	30000	1769401697	0.00014438	3.26996448	0.00010900
1560	31200	1725201472	0.00014077	3.43889046	0.00011022
1620	32400	1516172649	0.00012372	3.58734903	0.00011072
1680	33600	1593827413	0.00013005	3.74341130	0.00011141
1740	34800	2176422021	0.00017759	3.95651929	0.00011369
1800	36000	2282442025	0.00018624	4.18000841	0.00011611
1860	37200	2348750509	0.00019165	4.40999023	0.00011855
1920	38400	2697567235	0.00022011	4.67412702	0.00012172
1980	39600	2136943000	0.00017437	4.88336935	0.00012332
2040	40800	1640108003	0.00013383	5.04396326	0.00012363
2100	42000	1855222281	0.00015138	5.22562044	0.00012442
2160	43200	1844002147	0.00015047	5.40617899	0.00012514
2220	44400	1129279294	0.00009215	5.51675425	0.00012425
2280	45600	1069183315	0.00008724	5.62144512	0.00012328
2340	46800	1119950419	0.00009138	5.73110693	0.00012246
2400	48000	1125823234	0.00009186	5.84134379	0.00012169
2460	49200	1176946213	0.00009604	5.95658644	0.00012107
2520	50400	1130209862	0.00009222	6.06725282	0.00012038
2580	51600	969124326	0.00007908	6.16214624	0.00011942
2640	52800	846911412	0.00006911	6.24507299	0.00011828
2700	54000	862776094	0.00007040	6.32955315	0.00011721
2760	55200	1008556054	0.00008230	6.42830759	0.00011645
2820	56400	1099980350	0.00008976	6.53601400	0.00011589
2880	57600	922773719	0.00007530	6.62636893	0.00011504
2940	58800	776256299	0.00006334	6.70237736	0.00011399
3000	60000	905431222	0.00007388	6.79103417	0.00011318
3060	61200	1138467506	0.00009290	6.90250911	0.00011279
3120	62400	961728085	0.00007847	6.99667832	0.00011213
3180	63600	848408274	0.00006923	7.07975163	0.00011132
3240	64800	988191656	0.00008063	7.17651206	0.00011075
3300	66000	1091366774	0.00008905	7.28337506	0.00011035
3360	67200	1038184608	0.00008471	7.38503063	0.00010990
3420	68400	938098403	0.00007655	7.47688610	0.00010931
3480	69600	968727375	0.00007905	7.57174066	0.00010879
3540	70800	965632605	0.00007879	7.66629218	0.00010828
3600	72000	683901163	0.00005580	7.73325750	0.00010741
3660	73200	572106293	0.00004668	7.78927625	0.00010641
3720	74400	588033458	0.00004798	7.84685452	0.00010547
3780	75600	557011792	0.00004545	7.90139526	0.00010452
3840	76800	554624734	0.00004526	7.95570227	0.00010359
3900	78000	541595017	0.00004419	8.00873344	0.00010268
3960	79200	508575042	0.00004150	8.05853142	0.00010175
4020	80400	453505733	0.00003700	8.10293719	0.00010078
4080	81600	446061825	0.00003640	8.14661407	0.00009984
4140	82800	494230026	0.00004033	8.19500743	0.00009897
4200	84000	516921570	0.00004218	8.24562267	0.00009816
4260	85200	800649010	0.00006533	8.32401955	0.00009770
4320	86400	1257259955	0.00010259	8.44712625	0.00009777
4380	87600	1146676837	0.00009357	8.55940503	0.00009771
4440	88800	1124757489	0.00009178	8.66953753	0.00009763
4500	90000	1178355463	0.00009615	8.78491817	0.00009761
4560	91200	1257031700	0.00010257	8.90800252	0.00009768
4620	92400	1126593078	0.00009193	9.01831476	0.00009760
4680	93600	1099819292	0.00008974	9.12600540	0.00009750
4740	94800	1295361830	0.00010570	9.25284291	0.00009760
4800	96000	1392475862	0.00011362	9.38918951	0.00009780
4860	97200	1128127319	0.00009205	9.49965198	0.00009773
4920	98400	1090122240	0.00008895	9.60639311	0.00009763
4980	99600	1099527330	0.00008972	9.71405516	0.00009753
5040	100800	1034199168	0.00008439	9.81532050	0.00009737
5100	102000	1313515933	0.00010718	9.94393560	0.00009749
5160	103200	1417751126	0.00011568	10.08275706	0.00009770
5220	104400	1150382449	0.00009387	10.19539868	0.00009766
5280	105600	1105662796	0.00009022	10.30366149	0.00009757
5340	106800	1267870559	0.00010345	10.42780715	0.00009764
5400	108000	681507085	0.00005561	10.49453806	0.00009717
5460	109200	395005402	0.00003223	10.53321567	0.00009646
5520	110400	430309375	0.00003511	10.57535013	0.00009579
5580	111600	618221385	0.00005045	10.63588431	0.00009530
5640	112800	740674761	0.00006044	10.70840871	0.00009493
5700	114000	734874671	0.00005996	10.78036519	0.00009456
5760	115200	693231969	0.00005657	10.84824415	0.00009417
5820	116400	669127822	0.00005460	10.91376292	0.00009376
5880	117600	723361795	0.00005902	10.98459209	0.00009341
5940	118800	934473049	0.00007625	11.07609258	0.00009323
6000	120000	854796926	0.00006975	11.15979144	0.00009300
6060	121200	817211800	0.00006668	11.23981010	0.00009274
6120	122400	916463412	0.00007478	11.32954714	0.00009256
6180	123600	900822770	0.00007350	11.41775270	0.00009238
6240	124800	873902487	0.00007131	11.50332232	0.00009217
6300	126000	843324975	0.00006881	11.58589789	0.00009195
6360	127200	832091278	0.00006790	11.66737350	0.00009172
6420	128400	841107644	0.00006863	11.74973195	0.00009151
6480	129600	963120645	0.00007859	11.84403752	0.00009139
6540	130800	1052094344	0.00008585	11.94705509	0.00009134
6600	132000	1181580282	0.00009641	12.06275149	0.00009138

The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement.

This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price

Update: getbitmark.org has been donated to the project!

I m not a miner.. How could I buy some coin just to be part of the project? Are u thinking about a crowd fund giving coins to the investors? thanks for the reply

The thing is that there was no premine or instamine from dev. He has like a 300 coins right now. So best option for you in a few days will be to invest into IPM pool (https://bitcointalk.org/index.php?topic=660544.msg7893498#msg7893498) or rent scrypt mining rig and mine on one of avaliable pools that support Bitmark.

[sammy007]

I didn't find information about what algo this coin uses.

[coinsolidation]

Quite simply that - I have registered mymarks.org

This is good news, we have our first third party service being planned before getmarked is even created!

I m not a miner.. How could I buy some coin just to be part of the project? Are u thinking about a crowd fund giving coins to the investors? thanks for the reply

Yes, you may either rent a miner, ask someone with coins to sell them, or here is the current crowd funding proposal:

We do need to work on Budget Proposals for the different facets of Bitmark. In addition, how much BTC is required to register the domain? I will contribute what I can, just let me know what the minimum requirements are.

This is an issue which is quickly having an impact on me personally. Bitmark was started with the intention of balancing my time between Bitmark, a small amount of paid work, and family life over the first year.
Bitmark has grown much quicker and faster than I anticipated and the other two are suffering badly as a consequence.
Momentum on this project feels very important to maintain.

I have discussed this in IRC and something has been proposed.

Keep the main channel of bitmark development and support under the model of unpaid work which earns value over time, things like Bitmark, Pfennig, IPM Pool, electrum client, block chain explorers and so on.
Crowd fund side projects such as 'GetMarked' which focus on adoption.
This allows me to work on bitmark full time over the first year, covers resource requirements, and caters for anybody else who wants to join the specific side project.
The crowd funding allows us to gauge whether a side project is worth doing.
Achieving the budget allows us to put full effort in to the rapid development of the specific side project.
A portion of the budget (20%) would be used to mine bitmarks and distribute them to the funders.
The side project itself would increase adoption, earn value for bitmark, and remunerate those funding by the BTM they hold.

As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.

As Bitmark grows, this approach could be used for each adoption based side project whether it is me leading it or another community member, and until such a time that the Bitmark Foundation pays for all these things with BTM directly.

I would appreciate any feedback that can be given, Bitmark progress could be far more rapid than it currently is if basic budgeting constraints were not an issue.

Some users expressed this as a worry before Bitmark began, and tried to convince me to do an IPO, even pledging large amounts to it. I refused the offer, and would do the same again. This perhaps feels more balanced, and earned.

I didn't find information about what algo this coin uses.

Our Proof of Work is Scrypt

[sammy007]

Our Proof of Work is Scrypt

God, WHY? ASICs will mine everything.

[schnötzel]

Our Proof of Work is Scrypt

God, WHY? ASICs will mine everything.

Useful links:

https://github.com/project-bitmark/bitmark/wiki#block-chain-parameters
https://github.com/project-bitmark/bitmark/wiki/Currency#supply-and-distribution

[sammy007]

Our Proof of Work is Scrypt

God, WHY? ASICs will mine everything.

Useful links:

https://github.com/project-bitmark/bitmark/wiki#block-chain-parameters
https://github.com/project-bitmark/bitmark/wiki/Currency#supply-and-distribution

GPU miners can't mine it fairly, it's impossible, arguments there in wiki ain't make GPU owners to mine it. Lots of Titans will land on this coin and in a week expect incredible difficulty. You have to make it at least scrypt-n, so home miners can win several months. This is it. Good luck.

[Este Nuno]

Our Proof of Work is Scrypt

God, WHY? ASICs will mine everything.

Does it really make a difference as long as the blocks are coming somewhat on schedule? Emission would be the same either way. And scrypt has been used long enough now that we can be certain that it's a solid algo.

And a lot of us aren't miners and are just renting ASICs to mine. So we would just be renting rigs either way. At least this way we know the network is healthy and secure.

I was initially skeptical of using scrypt as well, but I think it's been working out quite well so far.

[Este Nuno]

Our Proof of Work is Scrypt

God, WHY? ASICs will mine everything.

Useful links:

https://github.com/project-bitmark/bitmark/wiki#block-chain-parameters
https://github.com/project-bitmark/bitmark/wiki/Currency#supply-and-distribution

GPU miners can't mine it fairly, it's impossible, arguments there in wiki ain't make GPU owners to mine it. Lots of Titans will land on this coin and in a week expect incredible difficulty. You have to make it at least scrypt-n, so home miners can win several months. This is it. Good luck.

It's not easy these days to come up with a system that covers all the bases. On one hand you have botnets and AWS instances dominating networks and on the other hand you can make it difficult for regular GPU miners such as yourself to mine fairly.

At least we're still at the point where someone with a decent GPU setup can still accumulate a decent amount of Bitmarks still. I know I've rented a few GPU rigs over the last week or so and they were good value for the money.

A few MH still goes a long way at this point.

[coinsolidation]

GPU miners can't mine it fairly, it's impossible, arguments there in wiki ain't make GPU owners to mine it. Lots of Titans will land on this coin and in a week expect incredible difficulty. You have to make it at least scrypt-n, so home miners can win several months. This is it. Good luck.

GPU miners can mine Bitmark fairly, you will receive an amount of BTM according to how much hashrate you commit to securing the networking for it's users.

Mining is a service offered, not a money printing machine. If you offer a less efficient service that is not as beneficial to the users then your service will not generate as much revenue.

Technology progresses over time, GPU miners made CPU miners redundant, ASICs make GPUs redundant. You keep up or you fall behind.

I am the developer, I do not have an asic, I cannot mine the coin I created. When I can I will buy an asic to do so, and if I want to sooner I will hire one, or later buy some BTM, but that is speculation on my part.

My service is not mining, my service is developing. If your service is mining then treat it as a business and upgrade your hardware, or target your service at people who require gpu hashing to secure their network.

Bitmark's focus is on it's users, the decision to use scrypt is in their best interests, to keep their network reliable and secure.

[coinsolidation]

Here is a redacted private message relevant to GetMarked.

I know you aren't too concerned about country code top-level domains but I have registered:  getbitmark.co.uk.

If you ever wish to use the domain (Or you wish for me to point it anywhere) let me know.

Take Care

Thank you, you can also use it.

As getmarked progresses it may be a business for multiple people, probably people who have claimed a stake in bitmark or getmarked early. As businesses expand they need some geographical targeting and management. If it was of interest to you then you may have just registered the domain for the UK branch of a future getmarked organization.

Bitmark cannot manage it, it can create it, support it's growth through the bitmark foundation, but there will come a time when others need to focus on it exclusively.

That makes sense I think!?

Mark

Others may have an opinion on this.

[Androidicus]

Here is a redacted private message relevant to GetMarked.

I know you aren't too concerned about country code top-level domains but I have registered:  getbitmark.co.uk.

If you ever wish to use the domain (Or you wish for me to point it anywhere) let me know.

Take Care

Thank you, you can also use it.

As getmarked progresses it may be a business for multiple people, probably people who have claimed a stake in bitmark or getmarked early. As businesses expand they need some geographical targeting and management. If it was of interest to you then you may have just registered the domain for the UK branch of a future getmarked organization.

Bitmark cannot manage it, it can create it, support it's growth through the bitmark foundation, but there will come a time when others need to focus on it exclusively.

That makes sense I think!?

Mark

Others may have an opinion on this.

If one considers the proliferation of 'TLDs' it is nigh on impossible for any organisation to cover all bases.

Look at the businesses that have grown on the back of Bitcoin and the domains that have been registered in that space.

Bitmark will thrive by having businesses grow out of, and having value, because of its value.

I think it's great! To sow the seeds and nuture a business, an idea, an organisation, that others perceive to be of sufficient 'worth' to consider (so soon) potential off-shoot businesses / services - is this not a great compliment?!

Forwards >>> !