[ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.

[poornamelessme]

Our rich list is looking interesting..  

http://crypto2.net/qibuck/wealthiest.php

  The #1 address has got to be Poloniex.    

Yeah, it must be.

I'm more interested in that top 12 list. No wonder that idea of a founder's club was thrown out there. I do agree that the dev team should really look to create an incentive for those coin holders to, well... hold. It's like the top 12 addresses own 40% of the coin. And I'm not including Poloniex. That top 12 may not even be 12 people, as I expect some have split their wallets.

A couple of payout/dividend questions:

How will confirming coins be determined? By the blockchain, or wallet when signing up? Do people need to hold for that entire month to get payouts, or just own those coins when actually signing up?

[5ick3uffalo]

Gawminer's Hashlets seem like a good investment, at $16/MHs of cloudmining Scrypt, cheapest option atm that I can find.

Also, I need 34 qbk to get on the rich list grrrr.

http://gawminers.com/pages/hashlet

I have 5 mhash running there not long but looks easy

Is it monthly payments or one time payment?

Monthly

One time.

i own 2x hashlet 5 (10MHS = 160$) since today and there is a maintaince fee of 0.08$ per MH/S per Day, i just saw now hehe

https://cloud.zenminer.com/maintenance-cost

But how thats paid, i dont know. Maybe they reduce it from mining earnings. Also don´t know what those ZENPoints are for.




That ZENPool has the best rate ( there are only some to choos from, wafflepool, clevermining, multipool.us etc)

Really dont know how this one works out, just bought it for some testing;




PS: Sorry for Offtpic just searched for " hashlet" and landed here 

[armin22]

Gawminer's Hashlets seem like a good investment, at $16/MHs of cloudmining Scrypt, cheapest option atm that I can find.

Also, I need 34 qbk to get on the rich list grrrr.

http://gawminers.com/pages/hashlet

I have 5 mhash running there not long but looks easy

Is it monthly payments or one time payment?

Monthly

One time.

i own 2x hashlet 5 (10MHS = 160$) since today and there is a maintaince fee of 0.08$ per MH/S per Day, i just saw now hehe

https://cloud.zenminer.com/maintenance-cost

But how thats paid, i dont know. Maybe they reduce it from mining earnings. Also don´t know what those ZENPoints are for.




That ZENPool has the best rate ( there are only some to choos from, wafflepool, clevermining, multipool.us etc)

Really dont know how this one works out, just bought it for some testing;




PS: Sorry for Offtpic just searched for " hashlet" and landed here 

How much do you make per day with your 10MH/s?

[5ick3uffalo]

I really don´t know own the 10MH/s just 2-3hours.

Have to pay 0.08$ x 10MH/s fee per day also =  0.80$ /day

Can tell you when 24hours are over, if you like.

I see a lot of numbers, looks great and all , but i personally only believe what i see in my bitcoin qt wallet after 24hours

[armin22]

I really don´t know own the 10MH/s just 2-3hours.

Have to pay 0.08$ x 10MH/s fee per day also =  0.80$ /day

Can tell you when 24hours are over, if you like.

I see a lot of numbers, looks great and all , but i personally only believe what i see in my bitcoin qt wallet after 24hours

Tell me how much BTC you get in your wallet in the end.

[MadGhost]

Our rich list is looking interesting.. 

http://crypto2.net/qibuck/wealthiest.php

  The #1 address has got to be Poloniex.   

yeah that is the exchange address which has good volume of the coins.

[5ick3uffalo]

I really don´t know own the 10MH/s just 2-3hours.

Have to pay 0.08$ x 10MH/s fee per day also =  0.80$ /day

Can tell you when 24hours are over, if you like.

I see a lot of numbers, looks great and all , but i personally only believe what i see in my bitcoin qt wallet after 24hours

Tell me how much BTC you get in your wallet in the end.

ok but: there are a handfull of pools to choose from, all with different payouts. i took the hashlet exclusive ZENPool.

I think best is you try and buy "Hashlet 1" for 15.99$ and test yourself with different pools. But only If you can afford that amount to lose (worst case)

Anyway, will report back here tomorrow about this time.

Also will look at this QIBUCK Coin, got my weekly payout from PBMining can go shopping little bit

[armin22]

I really don´t know own the 10MH/s just 2-3hours.

Have to pay 0.08$ x 10MH/s fee per day also =  0.80$ /day

Can tell you when 24hours are over, if you like.

I see a lot of numbers, looks great and all , but i personally only believe what i see in my bitcoin qt wallet after 24hours

Tell me how much BTC you get in your wallet in the end.

ok but: there are a handfull of pools to choose from, all with different payouts. i took the hashlet exclusive ZENPool.

I think best is you try and buy "Hashlet 1" for 15.99$ and test yourself with different pools. But only If you can afford that amount to lose (worst case)

Anyway, will report back here tomorrow about this time.

Also will look at this QIBUCK Coin, got my weekly payout from PBMining can go shopping little bit

Thanks for the info

[youseeberkeley]

Gawminer's Hashlets seem like a good investment, at $16/MHs of cloudmining Scrypt, cheapest option atm that I can find.

Also, I need 34 qbk to get on the rich list grrrr.

http://gawminers.com/pages/hashlet

I have 5 mhash running there not long but looks easy

Is it monthly payments or one time payment?

Monthly

One time.

i own 2x hashlet 5 (10MHS = 160$) since today and there is a maintaince fee of 0.08$ per MH/S per Day, i just saw now hehe

https://cloud.zenminer.com/maintenance-cost

But how thats paid, i dont know. Maybe they reduce it from mining earnings. Also don´t know what those ZENPoints are for.




That ZENPool has the best rate ( there are only some to choos from, wafflepool, clevermining, multipool.us etc)

Really dont know how this one works out, just bought it for some testing;




PS: Sorry for Offtpic just searched for " hashlet" and landed here 

Each Zenpoint gives you a 100 satoshi discount, and you get them by "staking" your btc earned there, at about 5% interest annual.

Also, I have a 1MHS, 5MHS, and 15MHS hashlets, will update when payouts come later tonight.

[5ick3uffalo]

Ah well, set a buy order over at Poloniex for this coin.

Maybe i wake up as a "midi bagholder" tomorrow 



edit: Thanx for that info, youseeberkeley.

Which pool you choosed? First , i thought, i could point each 5MHS Miner to a different pool.

Let´s say one miner 5MHS wafflepool, one miner 5 MHS clevermining. (makes no sense but just for the funny, comparing with real payouts , not advertised ones )

But that was not the case, but i bought for try that ZENPool anyway which is exclusive.

[qiwoman2]

Our rich list is looking interesting..  

http://crypto2.net/qibuck/wealthiest.php

  The #1 address has got to be Poloniex.    

Yeah, it must be.

I'm more interested in that top 12 list. No wonder that idea of a founder's club was thrown out there. I do agree that the dev team should really look to create an incentive for those coin holders to, well... hold. It's like the top 12 addresses own 40% of the coin. And I'm not including Poloniex. That top 12 may not even be 12 people, as I expect some have split their wallets.

A couple of payout/dividend questions:

How will confirming coins be determined? By the blockchain, or wallet when signing up? Do people need to hold for that entire month to get payouts, or just own those coins when actually signing up?

FOUNDER MEMBERS will need to have 10k staking in their wallets all the time in order to receive the EXTRA PERKS and remain founders..This way it means we are rewarding those who are helping us stabilize the price and take off more QBK from the exchanges.

Normal Bagholding members will need to have as much as they can in their wallets on MONTHLY AUDIT DATE once we announce in advance the AUDIT DATE and have it there for 7 days as payouts will be done within a 7 day period. After that they have more liquidity to trade again.

As the block explorer shows wallets split up although some wallets hold all the coin, for example I have all of mine in one wallet but on the rich list it shows it split up, we will just ask members to send us their wallet addies in member's area and do a little thing in the debug window, very easy just to check if they have their monies split in more than one wallet on blockchain. We are thinking of adopting the percentage based payouts in a choice of QBK OR BTC as it will be a fairer system and a payment cap on the Exchange so that more is payed out to Bagholder populations. As most members despise the verification process, paying via the percentage system for Bagholders with 100 QBK or over is the fairest way to distribute the revenues. We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income. Naturally the FOUNDERS eill get their extra freebie perks every 90 days they remain a FOUNDER for helping QBK grow in stability and price because this in turn BENEFITS ALL HOLDERS, These extra gifts will NOT BE TAKEN FORM THE 50% BAGHOLDER POOL but form the BOUNTIES and GIVESAWAY pool. We will have both QIBUCK BAHOLDER AND QIBUCK FOUNDER membership areas open within the next few days. We will still have the card later down the line as an extra option but because we would have to order 500 upfront at a small discount we will just hold that off for now till we have more demand for it, say at least 200 Bagholders wanting it. , Otherwise we may just pay the full price for a card but we won't be generating extra revenues for that if we don't order 500 in one scoop. At the moment our time is better spent developing the coin, JV ventures, mining, trading and Investing to kickstart revenues.   Today one of our Team Members has already made a request to rent rigs to mine a very stable coin.

Please give us any decent feedback on this thank you.  
PLEASE LET US KNOW IF YOU STILL PREFER POOL BASED OR PERCENTAGE BASE SO WE CAN REFLECT THIS ON THE OP..

[qiwoman2]

Ah well, set a buy order over at Poloniex for this coin.

Maybe i wake up as a "midi bagholder" tomorrow

We are thinking of making it percentage based due to the way the block explorer handles information and is accounting wise much easier and a fairer system, please let us know your thoughts on this, also we are thinking to put a cap on the exchange bag so more is distributed to the Bagholders. Like give up to 10% to exchange as reward for holding our coin and 90% of the rest given to Bagholders.

Check above thread though let us know what you prefer percentage or pool based.

[evdokia800]

I prefer the percentage based payout system it frees up more time for the Team to focus on other areas.

[poornamelessme]

FOUNDER MEMBERS will need to have 10k staking in their wallets all the time in order to receive the EXTRA PERKS and remain founders..This way it means we are rewarding those who are helping us stabilize the price and take off more QBK from the exchanges.

Normal Bagholding members will need to have as much as they can in their wallets on MONTHLY AUDIT DATE once we announce in advance the AUDIT DATE and have it there for 7 days as payouts will be done within a 7 day period. After that they have more liquidity to trade again.

As the block explorer shows wallets split up although some wallets hold all the coin, for example I have all of mine in one wallet but on the rich list it shows it split up, we will just ask members to send us their wallet addies in member's area and do a little thing in the debug window, very easy just to check if they have their monies split in more than one wallet on blockchain. We are thinking of adopting the percentage based payouts in a choice of QBK OR BTC as it will be a fairer system and a payment cap on the Exchange so that more is payed out to Bagholder populations. As most members despise the verification process, paying via the percentage system for Bagholders with 100 QBK or over is the fairest way to distribute the revenues. We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income. Naturally the FOUNDERS eill get their extra freebie perks every 90 days they remain a FOUNDER for helping QBK grow in stability and price because this in turn BENEFITS ALL HOLDERS, These extra gifts will NOT BE TAKEN FORM THE 50% BAGHOLDER POOL but form the BOUNTIES and GIVESAWAY pool. We will have both QIBUCK BAHOLDER AND QIBUCK FOUNDER membership areas open within the next few days. We will still have the card later down the line as an extra option but because we would have to order 500 upfront at a small discount we will just hold that off for now till we have more demand for it, say at least 200 Bagholders wanting it. , Otherwise we may just pay the full price for a card but we won't be generating extra revenues for that if we don't order 500 in one scoop. At the moment our time is better spent developing the coin, JV ventures, mining, trading and Investing to kickstart revenues.   Today one of our Team Members has already made a request to rent rigs to mine a very stable coin.

Please give us any decent feedback on this thank you.  

I like the percentage idea + cap on large amounts... as I probably should, as I suggested doing it that way earlier in this thread. Although would people care that it differs from what you stated in your ICO? Again, I'm against radical changes from ICO terms, but am unsure if going to a percentage system would really bother anyone or not. It is certainly the easiest and most logical way to to do (that I can think of).

If people do mind changing from the initial ICO setup, consider the multiple stakes idea using the same pool layout, which is pretty close to being a straight percentage anyway. Just that it'll be much more complicated on your end as to determining payouts to people. I'd think most people would be fine with the percentage idea though, as it's not like it means less money for them or anything really... in some cases they may make more.

As for cards, I expect most really don't care one way or another about them. For free, sure, it's a nice bonus and I'm sure some would take them. But it's not like I expect many to really have a use for it over just regular btc sent to their wallets. So if it costs you money, I'd delay it like you plan.

One thing does confuse me though... the exchange getting payouts. Why would the exchange get any coin at all as a payout? They already got their fees from the ICO and they are getting money from trading fees. I'd still recommend a cap, just to block evil exchanges or mega whales, but I didn't expect exchanges to get any dividends anyway. And what happens when a coin is on multiple exchanges? Why should they get any payouts?

Edit: And that extra gifts for holding idea is a good one. That way you can maybe get around the potential 'audit date' issue, where some folks may sell right after the audit date, and buy up before.

[silverkinguk]

Shall we put this up for a vote? I think it's good idea.

[armin22]

I prefer percentage based payments, creates incentive for people to hold as many coins as possible.

[qiwoman2]

FOUNDER MEMBERS will need to have 10k staking in their wallets all the time in order to receive the EXTRA PERKS and remain founders..This way it means we are rewarding those who are helping us stabilize the price and take off more QBK from the exchanges.

Normal Bagholding members will need to have as much as they can in their wallets on MONTHLY AUDIT DATE once we announce in advance the AUDIT DATE and have it there for 7 days as payouts will be done within a 7 day period. After that they have more liquidity to trade again.

As the block explorer shows wallets split up although some wallets hold all the coin, for example I have all of mine in one wallet but on the rich list it shows it split up, we will just ask members to send us their wallet addies in member's area and do a little thing in the debug window, very easy just to check if they have their monies split in more than one wallet on blockchain. We are thinking of adopting the percentage based payouts in a choice of QBK OR BTC as it will be a fairer system and a payment cap on the Exchange so that more is payed out to Bagholder populations. As most members despise the verification process, paying via the percentage system for Bagholders with 100 QBK or over is the fairest way to distribute the revenues. We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income. Naturally the FOUNDERS eill get their extra freebie perks every 90 days they remain a FOUNDER for helping QBK grow in stability and price because this in turn BENEFITS ALL HOLDERS, These extra gifts will NOT BE TAKEN FORM THE 50% BAGHOLDER POOL but form the BOUNTIES and GIVESAWAY pool. We will have both QIBUCK BAHOLDER AND QIBUCK FOUNDER membership areas open within the next few days. We will still have the card later down the line as an extra option but because we would have to order 500 upfront at a small discount we will just hold that off for now till we have more demand for it, say at least 200 Bagholders wanting it. , Otherwise we may just pay the full price for a card but we won't be generating extra revenues for that if we don't order 500 in one scoop. At the moment our time is better spent developing the coin, JV ventures, mining, trading and Investing to kickstart revenues.   Today one of our Team Members has already made a request to rent rigs to mine a very stable coin.

Please give us any decent feedback on this thank you.  

I like the percentage idea + cap on large amounts... as I probably should, as I suggested doing it that way earlier in this thread. Although would people care that it differs from what you stated in your ICO? Again, I'm against radical changes from ICO terms, but am unsure if going to a percentage system would really bother anyone or not. It is certainly the easiest and most logical way to to do (that I can think of).

If people do mind changing from the initial ICO setup, consider the multiple stakes idea using the same pool layout, which is pretty close to being a straight percentage anyway. Just that it'll be much more complicated on your end as to determining payouts to people. I'd think most people would be fine with the percentage idea though, as it's not like it means less money for them or anything really... in some cases they may make more.

As for cards, I expect most really don't care one way or another about them. For free, sure, it's a nice bonus and I'm sure some would take them. But it's not like I expect many to really have a use for it over just regular btc sent to their wallets. So if it costs you money, I'd delay it like you plan.

One thing does confuse me though... the exchange getting payouts. Why would the exchange get any coin at all as a payout? They already got their fees from the ICO and they are getting money from trading fees. I'd still recommend a cap, just to block evil exchanges or mega whales, but I didn't expect exchanges to get any dividends anyway. And what happens when a coin is on multiple exchanges? Why should they get any payouts?

Edit: And that extra gifts for holding idea is a good one. That way you can maybe get around the potential 'audit date' issue, where some folks may sell right after the audit date, and buy up before.

You have some good points. Also I may add POLO has not had any ICO payment at all and have done a lot of work and also handling the ICO funds for us. Busoni and MODS have worked very hard so maybe just having them some payment to at least distribute to the Mods and maybe I can suggest to them to do a POLO GIVEAWAY too..Maybe we can cap the exchanges to MAX 5%? If at audit time peeps download their funds and have to hold for a 7 day period the dump would not probably take place all in one go, maybe it will make a monthly pump and dump fest but if people want to get paid every month and they are also earning from staking it wouldn't be wise to sell off all their coins anyway. Also we will have trading incentives and contests throughout the month to keep the Punters occupied. We could put also a cap on wales as well, maybe same as the exchanges like a maximum 5%? That way more bagholders can earn a decent percentage.. So what we could do is Exchanges and wales earn MAX 5% then rest goes normal percentage so say a wale owns 7% of the coin he can still only get max5% payout but if he is a founder member and never takes off his wallet his 10k coins he can earn extra gifts from bounty pool every 90 days. What do you think about this idea?

[qiwoman2]

Shall we put this up for a vote? I think it's good idea.

Yes please do..

1. for percentage based

2. % based cap on whales @5% and no payment to exchanges

3. not bothered any one.

[poornamelessme]

You have some good points. Also I may add POLO has not had any ICO payment at all and have done a lot of work and also handling the ICO funds for us. Busoni and MODS have worked very hard so maybe just having them some payment to at least distribute to the Mods and maybe I can suggest to them to do a POLO GIVEAWAY too..Maybe we can cap the exchanges to MAX 5%? If at audit time peeps download their funds and have to hold for a 7 day period the dump would not probably take place all in one go, maybe it will make a monthly pump and dump fest but if people want to get paid every month and they are also earning from staking it wouldn't be wise to sell off all their coins anyway. Also we will have trading incentives and contests throughout the month to keep the Punters occupied. We could put also a cap on wales as well, maybe same as the exchanges like a maximum 5%? That way more bagholders can earn a decent percentage.. So what we could do is Exchanges and wales earn MAX 5% then rest goes normal percentage so say a wale owns 7% of the coin he can still only get max5% payout but if he is a founder member and never takes off his wallet his 10k coins he can earn extra gifts from bounty pool every 90 days. What do you think about this idea?

Caps on giant whales or let's just call it large amounts of coins makes sense to me. You don't want a situation where the exchanges hold 40% of the coins, eating 40% of the profits.

You can make it a hard cap, or go with diminishing returns after a certain percentage.  But...

What is to stop megawhales from simply breaking up their wallets into smaller amounts, getting around the cap? Blockchain analysis may be able to block some of this, but if the person is tricky enough, I expect it wouldn't be an issue for them to get around it.

As for Poloniex getting paid for the ICO, maybe offer a onetime dividend payment, say 5-10%, and that's it? I'd suggest even giving them more than 5% this one time, instead of 5% forever... and ever. I really think exchanges should be blocked from getting payments at all. They get their money from fees. Even Polo has made money from the ICO due to fees. Also don't forget the coin will eventually be on other exchanges than just Poloniex too. It's not like you want to give them all 5% forever, when they make money from fees as it is.

So I'd do the 5% thing for fat whales, and 0% for exchanges. I'm just not sure how to actually enforce that cap.

[qiwoman2]

You have some good points. Also I may add POLO has not had any ICO payment at all and have done a lot of work and also handling the ICO funds for us. Busoni and MODS have worked very hard so maybe just having them some payment to at least distribute to the Mods and maybe I can suggest to them to do a POLO GIVEAWAY too..Maybe we can cap the exchanges to MAX 5%? If at audit time peeps download their funds and have to hold for a 7 day period the dump would not probably take place all in one go, maybe it will make a monthly pump and dump fest but if people want to get paid every month and they are also earning from staking it wouldn't be wise to sell off all their coins anyway. Also we will have trading incentives and contests throughout the month to keep the Punters occupied. We could put also a cap on wales as well, maybe same as the exchanges like a maximum 5%? That way more bagholders can earn a decent percentage.. So what we could do is Exchanges and wales earn MAX 5% then rest goes normal percentage so say a wale owns 7% of the coin he can still only get max5% payout but if he is a founder member and never takes off his wallet his 10k coins he can earn extra gifts from bounty pool every 90 days. What do you think about this idea?

Caps on giant whales or let's just call it large amounts of coins makes sense to me. You don't want a situation where the exchanges hold 40% of the coins, eating 40% of the profits.

You can make it a hard cap, or go with diminishing returns after a certain percentage.  But...

What is to stop megawhales from simply breaking up their wallets into smaller amounts, getting around the cap? Blockchain analysis may be able to block some of this, but if the person is tricky enough, I expect it wouldn't be an issue for them to get around it.

As for Poloniex getting paid for the ICO, maybe offer a onetime dividend payment, say 5-10%, and that's it? I'd suggest even giving them more than 5% this one time, instead of 5% forever... and ever. I really think exchanges should be blocked from getting payments at all. They get their money from fees. Even Polo has made money from the ICO due to fees. Also don't forget the coin will eventually be on other exchanges than just Poloniex too. It's not like you want to give them all 5% forever, when they make money from fees as it is.

So I'd do the 5% thing for fat whales, and 0% for exchanges. I'm just not sure how to actually enforce that cap.

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..