Bitmark

[Luxasd]

Is there an official website?

[coinsolidation]

I thought the IPM was for people who didn't have hashpower and rented hash through the IPM.  What about people like me that don't have to rent hash?  Hence the pool idea.

There are also miner pools with multiple stratum ports at different difficulties, where fees go to the foundation. Multiple existing miners want to mine for the IPM Pool at BTC cost, then take all profits in BTM on those fall over pools. So they'll mine to cover 32 hours of BTC running costs, 24 hours for the investors on the IPM Pool, and then 6 hours for pure profit BTM on the fall over pool.

I've implemented it in such a way that miners can hook up to a multiport, when there are BTC investments they will be switched over to mine for the investors and receive BTC, when they're switched back they are on BTM for themselves.

Is there an official website?

Almost, it's released this week. It's a little more than the standard website more of a useful informative hub. For now there is a great deal of information available by following links from the OP.

[neleonele]

I send to Mark at : bTcCTUjkBCD5mvVsWquJTvGTv2xxiDaLzt
Net amount: -88.888 BTM
Transaction ID: 78b2332c36e5fec5ff39e29d620b1f000a01cab305bbe85e9b42d58b54a71d8b-000

And to Fondation at : bQmnzVS5M4bBdZqBTuHrjnzxHS6oSUz6cG
Net amount -888.88 BTM
Transaction ID: 607be93c894006bc9ee908c3e0eb7536e38ab7785c146ad4d9201634cdda04bb



Probably i will resolve my problems with electricity today or tommorow and i will put some mining power to the Foundation adress.

regards to all


P.S. keep in the minds that If we have no stressed dev,we all get benefits and success.

[coins4meh]

Have you decided on a logo for the coin yet?

[coinsolidation]

Thank you all for the BTM donations, although Medic you must stop sending me things, you have already done far more to support the project and I than anybody else!

This is the issue which needs address, so that I can work on Bitmark full time and produce everything we have planned.

Even though I can see coinsolidation's dedication for the project, at the moment he is the key factor in this. BTM lives and dies with him. So it's still a huge risk.

I hope you don't get me wrong! I am holder of a few BTM and a supporter of this project and will buy more when time is right.

Yes. Any support for Mark's development benefits us 100 fold in the long run. Right now we're on the cusp of some big innovations in adoption by regular people but since Bitmark is 100% community funded it puts a lot of pressure on Mark working 16-18 hours a day on a non paying job. Especially when he has a family to take care of.

So especially if you're new to the project and weren't aware of our funding model it's no premine, no IPO ect. Our goal is to support full time development through donations. Anyone buying or mining BTM for future value can understand how much we all gain by having an top notch developer working around the clock of us.

This needs resolved. Donations do not work. Here is an alternative call for funding.

I hereby request personal developer loans.

The terms offered are 60 days maximum until repayment, 10% interest if repayment is in BTC, 15% if repayment is taken in BTM.

Half will be used to purchase BTM, half will be used fund my time - food and such basics for home. I am confident that within 45 days the price tag of BTM will be double, through hard work full time from myself and others.

I specify 60 days rather than 45, to allow time at the end to earn money by traditional freelancing should the value not double, as a contingency to make up any shortfall.

I am looking to secure between 4 and 8 BTC total. 8 BTC is a top limit. Anybody who will take up my offer can do so for any amount, for the sake of management I would request a minimum of 0.1 BTC.

Every rationale and fair alternative to developer funding has been explored, and this is far less risk than a 6 figure IPO, we are already past one month in. Bitmark is gaining traction and as noted I am the key factor in the short term.

All I am really asking is to be enabled to work hard for you, I hope by transparency and hard work I have already proved that my intentions are good.

Donations are also welcome, whilst unexpected. Please reply publicly, or by pm if you are interested but have specific requirements or terms.

I hope this can be addressed, so that work can progress.

All loans will be collected publicly at the BTC address 1C7CNLtxs73yKeTvz2KpJ1purXEjJY28Wh. Each lender will confirm publicly their loan unless they wish to remain anonymous, in which case I will post the transaction for them. This post will be updated to catalogue and reflect all loans.

Additionally

I trust that the Bitmark Community will see the magnitude of our Project and assist Project Bitmark in meeting its goals.

I will commit to pay any liability in this loan. If for any reason Mark is unable to complete repayment, I will cover any remaining balance

 *(I do not foresee this to be an issue, as Mark is an honest and responsible individual)

I will make all necessary arraignments to have funds secured, 60 days from the date of the loans origination.

Code:

RECEIVED:
2 BTC     2014-08-15 d94f606f84333439ba90ca7dd209cb0c228f0ee836f236ae37b5b1ac63789155 Anonymous
0.5 BTC  2014-08-15 106f5f723e252ed04fd9c1d1c8aafc29c7c35b22d7a4d5c6f62f26ffedd6d15f Anonymous

Have you decided on a logo for the coin yet?

Yes, we are on our 3rd version already, check out our version 3 prototype merged logo and buttons

[Androidicus]

I am easily confused. For the sake of clarity;

Mark - I asked previously if direct BTM would help. You answered here.

So, it is my understanding that you require cold hard 'cash' i.e. BTC for developer loans. Is this still the case?

[coinsolidation]

I am easily confused. For the sake of clarity;

Mark - I asked previously if direct BTM would help. You answered here.

So, it is my understanding that you require cold hard 'cash' i.e. BTC for developer loans. Is this still the case?

Correct.

The total is 8 BTC, 2.5 BTC received and 5.5 BTC still required. Half of it (4 BTC) is used for me to live on and provide basics for my family, the other half is used to acquire BTM to secure the loan repayments.

All going well through hard work and effort the value and adoption of Bitmark will grow considerably, reflecting in the price, and leaving me with BTM profit after paying the loans which I can trade up and down to self fund perpetually. That is in the most fortunate of case. In the worst case it ensures full time work on the project for another 40 days to produce and roll out marking, and no loss to anybody who loans.

[Androidicus]

I am easily confused. For the sake of clarity;

Mark - I asked previously if direct BTM would help. You answered here.

So, it is my understanding that you require cold hard 'cash' i.e. BTC for developer loans. Is this still the case?

Correct.

The total is 8 BTC, 2.5 BTC received and 5.5 BTC still required. Half of it (4 BTC) is used for me to live on and provide basics for my family, the other half is used to acquire BTM to secure the loan repayments.

All going well through hard work and effort the value and adoption of Bitmark will grow considerably, reflecting in the price, and leaving me with BTM profit after paying the loans which I can trade up and down to self fund perpetually. That is in the most fortunate of case. In the worst case it ensures full time work on the project for another 40 days to produce and roll out marking, and no loss to anybody who loans.

Thank you - exactly as I thought.

I am going through my 'bags' of altcoins - any that I can shift to raise some BTC particles, I will pass your way (don't get too excited though!).

 

[pabloangello]

This thread needs bump. People have to know.

[coinsolidation]

A quote in IRC from Medic.

[pabloangello]

A quote in IRC from Medic.

MARK IT

[coinsolidation]

I am easily confused. For the sake of clarity;

Mark - I asked previously if direct BTM would help. You answered here.

So, it is my understanding that you require cold hard 'cash' i.e. BTC for developer loans. Is this still the case?

Correct.

The total is 8 BTC, 2.5 BTC received and 5.5 BTC still required. Half of it (4 BTC) is used for me to live on and provide basics for my family, the other half is used to acquire BTM to secure the loan repayments.

All going well through hard work and effort the value and adoption of Bitmark will grow considerably, reflecting in the price, and leaving me with BTM profit after paying the loans which I can trade up and down to self fund perpetually. That is in the most fortunate of case. In the worst case it ensures full time work on the project for another 40 days to produce and roll out marking, and no loss to anybody who loans.

Thank you - exactly as I thought.

I am going through my 'bags' of altcoins - any that I can shift to raise some BTC particles, I will pass your way (don't get too excited though!).

 

Thank you, every little helps, I am sorry to be a burden.

Bitmark weekly checkpoints updated at block 27050 - can self builders please pull and recompile, thank you.

Edit: 2.9 BTC now received, 5.1 BTC required. Dannygroove has swapped his IPM funds over to a developer loan. Thank you danny!

[Androidicus]

Burden?!

Absolutely not...

[coinsolidation]

We need more pools over the coming weeks, I have ran multiple projections and can foresee us growing to support 150-250 GH/s in the next couple of months.

It is essential that we have a wide variety of high quality scrypt pools with distributed hashrate.

If you know of any good pools which may add us, or any which are perhaps closing down or wondering what to do with litecoin and doge being a little less profitable and going down in value, please reach out to them so that they have a chance to switch over and keep their businesses running.

Many Thanks,

Mark

[mavigro]

A quote in IRC from Medic.

https://i.imgur.com/5lM7Vhw.png

Getmarked appears so on-target and timely not surprised it resonated with the tech-savvy Millenniums.

Reputation and Micropayments, a yin-yang proposition everyone can relate to.

[coinsolidation]

An open letter to miners

The rewards you get are calculated by your percentage of currently active hashrate.  Mining half as many blocks twice as quick is not more profitable. Mining twice as many blocks at half the speed is not less profitable.

Profitability calculators in the usual sense do not apply when you cannot access your rewards for a day or two.

Mining at a pool with a higher hashrate does not give you more rewards than mining at a pool with a lower hashrate. On low hashrate pools your reap a higher percentage of rewards less frequently, at high hashrate pools you reap a lower percentage more frequently. It averages out to the same.

You will receive on average a portion of the rewards corresponding to your percentage of average network hashrate, whether you mine on a pool (any pool), solo, or on p2pool. The only variance is in fees.

Mining is a service which demands consistency, the more consistently you mine the more stable the network, your rewards, and our currency. Bitmark has been crafted to reward fairly anybody who is consistent.

Ignore Difficulty.

Thank you,

Mark

[MineP.it]

Our pool for BitMark is up and running - will not post a link here but it will hopefully be added into the OP shortly

[coinsolidation]

Our pool for BitMark is up and running - will not post a link here but it will hopefully be added into the OP shortly

Added, and here is the link: https://www.minep.it/pool/BTM/

Thank you!

[Este Nuno]

Our pool for BitMark is up and running - will not post a link here but it will hopefully be added into the OP shortly

Nice looking pool.

edit: Confirms required should be 721 and not 120 btw.

[coinsolidation]

Our pool for BitMark is up and running - will not post a link here but it will hopefully be added into the OP shortly

Nice looking pool.

edit: Confirms required should be 721 and not 120 btw.

Well caught EsteNuno.

Another 0.5 BTC of interest bearing guaranteed developer loans has been received thanks to Mister D. Now at 3.4 BTC of a total of 8 BTC required.

Thank you to all who have helped so far.