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Question: Should there be an auto 10% deduction from Profit share to be used to buy more miners?
Yes - 6 (100%)
No - 0 (0%)
Total Voters: 6

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Author Topic: [ANN][FIRE] FireCoin- 97K Fire - POS - Developer leaving  (Read 78343 times)
tom14cat14 (OP)
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September 11, 2014, 05:38:05 PM
 #621

Next payment is on 9/15
tom14cat14 (OP)
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September 11, 2014, 05:40:45 PM
 #622

There is also been some interest in profit program from Users not enrolled. I will probably open enrollment with in a week. But due to how many people are already enrolled I am thinking I will only take 5 more members and they will need a minimum of 1000 FIRE. This enrolled will be grandfathered in if I raise the amount needed.
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September 11, 2014, 07:26:53 PM
 #623

There is also been some interest in profit program from Users not enrolled. I will probably open enrollment with in a week. But due to how many people are already enrolled I am thinking I will only take 5 more members and they will need a minimum of 1000 FIRE. This enrolled will be grandfathered in if I raise the amount needed.

I just bought more FireCoin to increase my share.
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September 12, 2014, 11:22:22 AM
 #624

A few have asked when I will reopen the profit share enrollment. I am thinking it will be a few weeks before I open it again but it really depends on the amount of coins still enrolled. Also if we are able to get more hash it will increase payouts and I can allow for more people/coins in.
Maybe you can offer a option to hold 10% of all payouts for increase of hash. Otherwise It probably wont increase for sometime.

This a pretty good idea. The one fear I have about it is that people will not like me taking 10% of the earnings away. Everyone else let me know your thoughts and if there is enough interest I will probably email everyone enrolled what their opinion is.

What did you decide about the donations? I am completely agree with 10% autodonations for the hashpower upgrades. Keep up the good work, Dev!
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September 12, 2014, 03:34:19 PM
 #625

A few have asked when I will reopen the profit share enrollment. I am thinking it will be a few weeks before I open it again but it really depends on the amount of coins still enrolled. Also if we are able to get more hash it will increase payouts and I can allow for more people/coins in.
Maybe you can offer a option to hold 10% of all payouts for increase of hash. Otherwise It probably wont increase for sometime.

This a pretty good idea. The one fear I have about it is that people will not like me taking 10% of the earnings away. Everyone else let me know your thoughts and if there is enough interest I will probably email everyone enrolled what their opinion is.

What did you decide about the donations? I am completely agree with 10% autodonations for the hashpower upgrades. Keep up the good work, Dev!

Well no one has spoke out against it so starting with this next payment I will do the auto donations.

Next question is do you guys want me to open enrollment up for a short time? I am mixed. I want to allow more people in but I also do not want to water the pool down so much that everyone only gets a few pennies. Right now the lowest payment is $1 every 5 days with some making over $10 every 5 days.
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September 12, 2014, 06:12:16 PM
 #626

My suggestion would be if you open it up again the fee to join should be doubled. No longer sent back and used for my hash. So 2 fire payment that is sold for hash not much but it's something to give people a reason to join sooner than later. I would also probably have it open for 24hrs nothing to long. Just my 2cents

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tom14cat14 (OP)
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September 12, 2014, 06:27:39 PM
 #627

My suggestion would be if you open it up again the fee to join should be doubled. No longer sent back and used for my hash. So 2 fire payment that is sold for hash not much but it's something to give people a reason to join sooner than later. I would also probably have it open for 24hrs nothing to long. Just my 2cents

That could be a good idea. Also since no one has objected and only shown support I will start doing the auto deduction of 10% to increase the hash power. It costs $20.95 per MH/s So we will be able to buy 1mh/s about every 3 payments. And it will increase our income by about .00063 BTC per day. So with these new ones will take 70 days(will take slightly longer as payouts decrease) to see profit but it will continue to grow the income in the future.
tom14cat14 (OP)
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September 12, 2014, 06:28:48 PM
 #628

You know after looking at the numbers and know how a lot of traders do not want to wait 70 days for return I will put it up for a vote so I have hard numbers to go off of.
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September 12, 2014, 06:34:29 PM
 #629

My suggestion would be if you open it up again the fee to join should be doubled. No longer sent back and used for my hash. So 2 fire payment that is sold for hash not much but it's something to give people a reason to join sooner than later. I would also probably have it open for 24hrs nothing to long. Just my 2cents


Very reasonable advice. Agree.
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September 12, 2014, 06:42:19 PM
 #630

I also am afraid we have to adjust the road map. I have been thinking long and hard about the Anon feature and bringing it here. I am against this feature but thought most would want it so we were going to bring it anyway. But I discover a major flaw in this. I have to have everyone who is signed up in profit share have the same address and I will have these people's contact info therefore taking ANON out. There for I am announcing we will no longer pursue any form on ANON features that are out there. After all that wa snot a main draw and by the looks of it, it was not a draw at all. I think the main push for this coin is the fact that it is rare and is backed buy a real asset paying those holders that are enrolled real money. At these prices one could reinvest all the money they made from holding the coin and eventually buy up the market with out spending any money from their own pocket.
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September 12, 2014, 08:31:27 PM
 #631

Ha I am finally able to be here. Glad to join!
tom14cat14 (OP)
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September 12, 2014, 08:45:57 PM
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Ha I am finally able to be here. Glad to join!

Glad to have you.
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September 12, 2014, 08:54:14 PM
 #633

Any known wallet sticks on downloading blockchain or anything like that? Thanks.

Haven't had time yet to read all threads.
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September 12, 2014, 10:04:09 PM
 #634

Any known wallet sticks on downloading blockchain or anything like that? Thanks.

Haven't had time yet to read all threads.

Yes it does stick at times on the initial catch up. Just close and reopen.
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September 14, 2014, 08:12:48 PM
 #635

About to run payouts. I have deducted to 10% for auto pay. 0.11083248 is the amount that will be dispersed. I am going to update everyone's amounts and then send payouts.
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September 14, 2014, 08:18:18 PM
 #636

Hadn't realized the final decision was made to reinvest the 10%........awesome everyone agreed to do this!
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September 14, 2014, 08:57:20 PM
 #637

Hadn't realized the final decision was made to reinvest the 10%........awesome everyone agreed to do this!

There was very little response but the only ones that said anything are in support.
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September 17, 2014, 04:31:42 PM
 #638

Just wanna say that I have got my third dividends! Apologies for the delay!
tom14cat14 (OP)
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September 17, 2014, 04:52:31 PM
 #639

Just wanna say that I have got my third dividends! Apologies for the delay!

No worries. And glad you received them.
tom14cat14 (OP)
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September 17, 2014, 10:19:42 PM
 #640

Nice price bump today. I will be updating the profit share payout soon.
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