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Author Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000  (Read 2170604 times)
pinballdude
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November 12, 2014, 08:40:04 AM
 #14741

Let's make a song.. (Everybody was kung fu fighting)


Everybody was burstcoin mining
their computers were fast as lightning
in fact, it was a little bit frightening
clocks were set with expert timing



http://www.azlyrics.com/lyrics/carldouglas/kungfufighting.html


okayokay i better drive to work... ;-)
Craige288
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November 12, 2014, 08:45:29 AM
Last edit: November 12, 2014, 08:59:55 AM by Craige288
 #14742

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits?  I just stupidly transferred a fair amount from Poloniex and lost it!  I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion.  What is the minimum TB suggested at present to give a good chance of finding blocks?

Come join us at http://burst.ga ! Smiley

I've setup for your site and I think it's working but where your instructions say wait for 4 blocks to confirm I have a webpage up http://localhost:8125/burst with a long line of text and that's it.  Will more lines appear with each block or have I done something wrong?

That's correct, it means your submission went through, now just wait for the four confirms and you're good to go! Send me your burst address and I will give you the 1500 burst I was giving to newcomers a while back Smiley

Thanks! BURST-JKNG-PNZA-SSTY-46H3B . It seems to be working the same signature as shown on your site so I guess all good.

Any way of checking my setup now it's been connected for some time?  Seems every time it submits shares I get an error submitting nonce or the standard error reading file which I would expect as I'm still plotting.  Are there any shares that have been submitted at all yet?  I can't see my address on burst.ga
Assuming you're trying to mine with that same address( BURST-JKNG-PNZA-SSTY-46H3B ) your reward recipient is not set. That's why you're getting the submitting nonce errors. The reward assignment will show up in your wallet as a transaction for 0 burst with a 1 burst fee after it has been set.

This is the two lines that appeared in my wallet when I set the reward assignment as per the site instructions :-


I'd also like to add that I can't seem to obtain a public key for my wallet.  I've tried sending messages, buying an alias and sending money but everything seems to take 1 burst and sits there with no confirms.  Also when I buy an alias it appears for a couple of seconds and then goes back to 'No aliases yet, register one!'

Did I need to start re-plotting again once I joined the pool as I was already plotting for my wallet?
burstcoin (OP)
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November 12, 2014, 09:02:36 AM
 #14743

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits?  I just stupidly transferred a fair amount from Poloniex and lost it!  I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion.  What is the minimum TB suggested at present to give a good chance of finding blocks?

Come join us at http://burst.ga ! Smiley

I've setup for your site and I think it's working but where your instructions say wait for 4 blocks to confirm I have a webpage up http://localhost:8125/burst with a long line of text and that's it.  Will more lines appear with each block or have I done something wrong?

That's correct, it means your submission went through, now just wait for the four confirms and you're good to go! Send me your burst address and I will give you the 1500 burst I was giving to newcomers a while back Smiley

Thanks! BURST-JKNG-PNZA-SSTY-46H3B . It seems to be working the same signature as shown on your site so I guess all good.

Any way of checking my setup now it's been connected for some time?  Seems every time it submits shares I get an error submitting nonce or the standard error reading file which I would expect as I'm still plotting.  Are there any shares that have been submitted at all yet?  I can't see my address on burst.ga
Assuming you're trying to mine with that same address( BURST-JKNG-PNZA-SSTY-46H3B ) your reward recipient is not set. That's why you're getting the submitting nonce errors. The reward assignment will show up in your wallet as a transaction for 0 burst with a 1 burst fee after it has been set.

This is the two lines that appeared in my wallet when I set the reward assignment as per the site instructions :-


I'd also like to add that I can't seem to obtain a public key for my wallet.  I've tried sending messages, buying an alias and sending money but everything seems to take 1 burst and sits there with no confirms.  Also when I buy an alias it appears for a couple of seconds and then goes back to 'No aliases yet, register one!'

Did I need to start re-plotting again once I joined the pool as I was already plotting for my wallet?

The / at the end indicates that it hasn't been included in a block yet. Does the peers tab show you are connected to the network? What is the most recent block you see, and what wallet version are you using?

BURST-QHCJ-9HB5-PTGC-5Q8J9
Craige288
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November 12, 2014, 09:07:34 AM
 #14744

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits?  I just stupidly transferred a fair amount from Poloniex and lost it!  I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion.  What is the minimum TB suggested at present to give a good chance of finding blocks?

Come join us at http://burst.ga ! Smiley

I've setup for your site and I think it's working but where your instructions say wait for 4 blocks to confirm I have a webpage up http://localhost:8125/burst with a long line of text and that's it.  Will more lines appear with each block or have I done something wrong?

That's correct, it means your submission went through, now just wait for the four confirms and you're good to go! Send me your burst address and I will give you the 1500 burst I was giving to newcomers a while back Smiley

Thanks! BURST-JKNG-PNZA-SSTY-46H3B . It seems to be working the same signature as shown on your site so I guess all good.

Any way of checking my setup now it's been connected for some time?  Seems every time it submits shares I get an error submitting nonce or the standard error reading file which I would expect as I'm still plotting.  Are there any shares that have been submitted at all yet?  I can't see my address on burst.ga
Assuming you're trying to mine with that same address( BURST-JKNG-PNZA-SSTY-46H3B ) your reward recipient is not set. That's why you're getting the submitting nonce errors. The reward assignment will show up in your wallet as a transaction for 0 burst with a 1 burst fee after it has been set.

This is the two lines that appeared in my wallet when I set the reward assignment as per the site instructions :-


I'd also like to add that I can't seem to obtain a public key for my wallet.  I've tried sending messages, buying an alias and sending money but everything seems to take 1 burst and sits there with no confirms.  Also when I buy an alias it appears for a couple of seconds and then goes back to 'No aliases yet, register one!'

Did I need to start re-plotting again once I joined the pool as I was already plotting for my wallet?

The / at the end indicates that it hasn't been included in a block yet. Does the peers tab show you are connected to the network? What is the most recent block you see, and what wallet version are you using?

Lots of peers, Block 33217 and version 1.1.5
burstcoin (OP)
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November 12, 2014, 09:37:14 AM
 #14745

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits?  I just stupidly transferred a fair amount from Poloniex and lost it!  I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion.  What is the minimum TB suggested at present to give a good chance of finding blocks?

Come join us at http://burst.ga ! Smiley

I've setup for your site and I think it's working but where your instructions say wait for 4 blocks to confirm I have a webpage up http://localhost:8125/burst with a long line of text and that's it.  Will more lines appear with each block or have I done something wrong?

That's correct, it means your submission went through, now just wait for the four confirms and you're good to go! Send me your burst address and I will give you the 1500 burst I was giving to newcomers a while back Smiley

Thanks! BURST-JKNG-PNZA-SSTY-46H3B . It seems to be working the same signature as shown on your site so I guess all good.

Any way of checking my setup now it's been connected for some time?  Seems every time it submits shares I get an error submitting nonce or the standard error reading file which I would expect as I'm still plotting.  Are there any shares that have been submitted at all yet?  I can't see my address on burst.ga
Assuming you're trying to mine with that same address( BURST-JKNG-PNZA-SSTY-46H3B ) your reward recipient is not set. That's why you're getting the submitting nonce errors. The reward assignment will show up in your wallet as a transaction for 0 burst with a 1 burst fee after it has been set.

This is the two lines that appeared in my wallet when I set the reward assignment as per the site instructions :-


I'd also like to add that I can't seem to obtain a public key for my wallet.  I've tried sending messages, buying an alias and sending money but everything seems to take 1 burst and sits there with no confirms.  Also when I buy an alias it appears for a couple of seconds and then goes back to 'No aliases yet, register one!'

Did I need to start re-plotting again once I joined the pool as I was already plotting for my wallet?

The / at the end indicates that it hasn't been included in a block yet. Does the peers tab show you are connected to the network? What is the most recent block you see, and what wallet version are you using?

Lots of peers, Block 33217 and version 1.1.5
The only thing I can think of is if there is some transaction your client has which isn't validating for other users, so when you try to broadcast it, all your transactions are getting rejected, and your client temporarily blacklisted. First check if your clock is set correctly. If it is set too far in the future, it could cause this situation. If your clock is fine, try clearing unconfirmed transactions. There are 2 ways of doing this. The easy way is close the client, delete the burst_db folder, reopen it, and by the time it finishes syncing again the blacklisting will have worn off and you can try it again. The harder(but faster) way is to edit the .conf file in the /conf folder, setting "nxt.enableDebugAPI=true", restart the client, go to http://127.0.0.1:8125/test?requestTag=DEBUG in your web browser, click clearUnconfirmedTransactions, then submit. Wait at least 10 minute(for blacklisting to expire), then try the reward assignment again. Alternatively, this might fix itself if you wait long enough since the transactions will expire and disappear if they don't get into a block.

BURST-QHCJ-9HB5-PTGC-5Q8J9
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November 12, 2014, 09:44:34 AM
 #14746

^PM sent.

and also you can check the result by using this API :

http://compute.burstcoin.io:8109/burst?requestType=getDeadline&accountId=YourAccountNum&nonce=5889794&height=32848&target=3941683&scoop=427&gensig=db8cbd6f3b4347af33b6c5dbd014e88886b1534c471ba4437958111360a83697

since you dont provides your accountNum, replace the "...accountId=YourAccountNum..."

this API will re-create the plot from scratch based on the information you provided (just like on OP diagram), and then return the deadline
OK. Thank you. I'll calculate all my plots again. Maybe they are corrupted. I'm using Janror's cpu plotter V1.16.
My plots were corrupted. I recalculated them and now everything works OK.

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Craige288
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November 12, 2014, 10:44:17 AM
 #14747

Hi,

I know it's probably somewhere in the 700+ pages but can any tell me an easy way to send Burst to my wallet with the public key that's required for first time deposits?  I just stupidly transferred a fair amount from Poloniex and lost it!  I've looked around but can't seem to find any exchanges that allow you to include the public key for first transfers.

Also, just plotting 6TB at the moment with plenty of room for expansion.  What is the minimum TB suggested at present to give a good chance of finding blocks?

Come join us at http://burst.ga ! Smiley

I've setup for your site and I think it's working but where your instructions say wait for 4 blocks to confirm I have a webpage up http://localhost:8125/burst with a long line of text and that's it.  Will more lines appear with each block or have I done something wrong?

That's correct, it means your submission went through, now just wait for the four confirms and you're good to go! Send me your burst address and I will give you the 1500 burst I was giving to newcomers a while back Smiley

Thanks! BURST-JKNG-PNZA-SSTY-46H3B . It seems to be working the same signature as shown on your site so I guess all good.

Any way of checking my setup now it's been connected for some time?  Seems every time it submits shares I get an error submitting nonce or the standard error reading file which I would expect as I'm still plotting.  Are there any shares that have been submitted at all yet?  I can't see my address on burst.ga
Assuming you're trying to mine with that same address( BURST-JKNG-PNZA-SSTY-46H3B ) your reward recipient is not set. That's why you're getting the submitting nonce errors. The reward assignment will show up in your wallet as a transaction for 0 burst with a 1 burst fee after it has been set.

This is the two lines that appeared in my wallet when I set the reward assignment as per the site instructions :-


I'd also like to add that I can't seem to obtain a public key for my wallet.  I've tried sending messages, buying an alias and sending money but everything seems to take 1 burst and sits there with no confirms.  Also when I buy an alias it appears for a couple of seconds and then goes back to 'No aliases yet, register one!'

Did I need to start re-plotting again once I joined the pool as I was already plotting for my wallet?

The / at the end indicates that it hasn't been included in a block yet. Does the peers tab show you are connected to the network? What is the most recent block you see, and what wallet version are you using?

Lots of peers, Block 33217 and version 1.1.5
The only thing I can think of is if there is some transaction your client has which isn't validating for other users, so when you try to broadcast it, all your transactions are getting rejected, and your client temporarily blacklisted. First check if your clock is set correctly. If it is set too far in the future, it could cause this situation. If your clock is fine, try clearing unconfirmed transactions. There are 2 ways of doing this. The easy way is close the client, delete the burst_db folder, reopen it, and by the time it finishes syncing again the blacklisting will have worn off and you can try it again. The harder(but faster) way is to edit the .conf file in the /conf folder, setting "nxt.enableDebugAPI=true", restart the client, go to http://127.0.0.1:8125/test?requestTag=DEBUG in your web browser, click clearUnconfirmedTransactions, then submit. Wait at least 10 minute(for blacklisting to expire), then try the reward assignment again. Alternatively, this might fix itself if you wait long enough since the transactions will expire and disappear if they don't get into a block.

Awesome! I got blacklisted Smiley  OK, I've gone the easy way and it's all fired up again and downloading the blockchain.  Fingers crossed.  I'll report back.
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November 12, 2014, 11:04:28 AM
 #14748

A quick note
Phase 2 has officially started!
It was a really smooth launch with a lot of new investors asking for shares during the transition from Phase 1 to Phase 2. These have been included in "The Believers" list.
Many of the booked shares have been sold, the remaining are waiting for payment which should come in the next few days.
The project has reached 1.8 BTCs in just two days which honestly has surpassed my initial expectations and I have to thank everyone who believed in BLTPS since the beginning and still is: we are set to grow thanks to you!

Plenty of shares are available for new investors so make sure you have a look at this project and, if you want, buy some!
The more the raised funds, the better BLTPS influence on the markets will be! (and the more you will be profiting, obviously!)


Update v1.1.0 - Phase 2

Burst Long Term Price Support project
(BLTPS)

Changelog
v1.1.0 - 11/nov/2014
Phase 2 has officially started
"How to Participate" section has been properly updated
Phase 2 details have been published
Part of the text has been rewritten and updated to match the current phase

Bump for the great project of Nevril.
It's one of the reasons for BURST to rise again.
Guys, go joining this project. We will bring BURST back to its former height.

brizio71
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November 12, 2014, 11:40:38 AM
 #14749

There are any program in order to check the correct creation and working plot files ?




   ▄▄███████▄▄       ▐█     █▌         ██          ▐██████▄▄       ▐██████▄          ██         ▐█▄        █▌    ███████▌
 ▄███▀▀   ▀▀███▄     ▐█     █▌        █▌▐█         ▐█   ▀▀██▄     ▐█   ▀█▌        █▌▐█        ▐███▄      █▌       █▌   
▐██▌        ▐██▌    ▐█     █▌       ██  ██        ▐█      ▐█▌    ▐█   ▄█▌       ██  ██       ▐█ ▀██▄    █▌       █▌   
███          ███    ▐█     █▌      ██   ██       ▐█       ██    ▐██████▀       ██   ██      ▐█   ▀██▄   █▌       █▌   
▐██▌   ██▄   ▐██▌    ▐█     █▌     ██████████      ▐█      ▐█▌    ▐█▀██▄        ██████████     ▐█    ▀██▄ █▌       █▌   
 ▀███▄▄ ▀██▄ ▀█▀     ▐█▄   ▄█▌    ██       ██     ▐█   ▄▄██▀     ▐█  ▀██▄     ██       ██    ▐█      ▀███▌       █▌   
   ▀▀█████▀██▄        ▀██████▀    ██         ██    ▐██████▀▀       ▐█   ▀█▌   ██         ██   ▐█        ▀█▌       █▌   
           ▀▀▀

A Blueprint for Mapping Decentralized Data


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Sy
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November 12, 2014, 11:56:51 AM
 #14750

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

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November 12, 2014, 12:01:07 PM
 #14751

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
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November 12, 2014, 12:03:01 PM
 #14752

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?


Exactly but i already own the ltcgear shares and it will be in BURST only, not waiting for any BTC to arrieve.

Guess i will just create the asset and see how it goes Cheesy

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November 12, 2014, 12:13:17 PM
 #14753

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?


Exactly but i already own the ltcgear shares and it will be in BURST only, not waiting for any BTC to arrieve.

Guess i will just create the asset and see how it goes Cheesy

Well you are correct on the price swing assessment. That being said I wouldnt mind seeing some demand for BURST, so if you issue the asset market it well Cheesy

BURST, your C:\urrency
Follow us on https://twitter.com/burstcoin_dev
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November 12, 2014, 12:24:46 PM
 #14754

are urajs pools offline?
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November 12, 2014, 12:26:18 PM
 #14755

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?


Exactly but i already own the ltcgear shares and it will be in BURST only, not waiting for any BTC to arrieve.

Guess i will just create the asset and see how it goes Cheesy

Uhm... I don't see the point of this actually.
I mean, you are basically moving the profits you already get with your LTCGear on buying Bursts, then split them back among investors while taking 5% of profits which, without asset wuold be 100% yours... so uhm? No, I dont' get it Smiley
Moreover, if like you stated, the first buyer pays more than the last, you are practically saying that your shares lose value over time which is the opposite of the base concept of investment. I personally don't agree with this statement, I think instead, that with your schema the Investment/Profit ratio is 1. So no profit, nor loss.

Probably I misunderstood everything here and you are doing something similar to BLTPS project or Bytegear one, but I don't see how this can actually evolve.
Try to explain it a little bit better Smiley

EDIT:
On additional note, I know it may sound strange said by me cause I'm involved in first person but... Coming up with many projects like the two we already have (one backed by Bitcoins, mine - one backed by Bursts, Iron's one) just fragments things out leading to counterproductive effects. The effort has to be put as a whole, with big, organized, buy pressure. Fragmentation leads to nothing or, even worse, dump because small buy walls cant do anything against big dumpers.
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November 12, 2014, 12:28:38 PM
 #14756

are urajs pools offline?

sorry just messed up with dns table, and fucked up, as soon as dns entry propagate to correct values again, it will work
currently pool.burstcoin.io pointing to 104.28.22.80 while it should be 23.227.167.164
cloudflare just taking over that domain which they shouldn't
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November 12, 2014, 12:43:19 PM
 #14757

are urajs pools offline?

sorry just messed up with dns table, and fucked up, as soon as dns entry propagate to correct values again, it will work
currently pool.burstcoin.io pointing to 104.28.22.80 while it should be 23.227.167.164
cloudflare just taking over that domain which they shouldn't

i just know that coinmarketcap.com get data from burst.cryptoport.io , since its unmaintained, the new hosting for block-explorer already running at http://explorer.burstcoin.io , so i changed the burst.cryptoport.io dns to point it to explorer.burstcoin.io vps, but in the middle i messed up with another entry of burstcoin.io which affect pool.burstcoin.io, it should run fine now

sorry about that
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November 12, 2014, 12:54:40 PM
 #14758

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?


Exactly but i already own the ltcgear shares and it will be in BURST only, not waiting for any BTC to arrieve.

Guess i will just create the asset and see how it goes Cheesy

Uhm... I don't see the point of this actually.
I mean, you are basically moving the profits you already get with your LTCGear on buying Bursts, then split them back among investors while taking 5% of profits which, without asset wuold be 100% yours... so uhm? No, I dont' get it Smiley
Moreover, if like you stated, the first buyer pays more than the last, you are practically saying that your shares lose value over time which is the opposite of the base concept of investment. I personally don't agree with this statement, I think instead, that with your schema the Investment/Profit ratio is 1. So no profit, nor loss.

Probably I misunderstood everything here and you are doing something similar to BLTPS project or Bytegear one, but I don't see how this can actually evolve.
Try to explain it a little bit better Smiley

EDIT:
On additional note, I know it may sound strange said by me cause I'm involved in first person but... Coming up with many projects like the two we already have (one backed by Bitcoins, mine - one backed by Bursts, Iron's one) just fragments things out leading to counterproductive effects. The effort has to be put as a whole, with big, organized, buy pressure. Fragmentation leads to nothing or, even worse, dump because small buy walls cant do anything against big dumpers.

The other project is really limited in availability, he is already sold out so there seems to be demand for this...i would rebuy shares with the money i get and probably issue more or run them for myself - this just opens up another method to get those shares without much hassle and in smaller increments - it does add another party to trust though (me paying the divs)

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November 12, 2014, 01:32:29 PM
Last edit: November 12, 2014, 01:42:40 PM by Nevril
 #14759

I am spinning something in my mind right now, been thinking about it for some time now but never thought about using burst for this...

I own a few ltcgear shares - i am thinking about creating an asset where one share equals one ltcgear share, i would start with 1000 shares to test the waters, thus not selling any preorder but existing asset.

Dividende would be paid weekly (figures) and i get 5% as fee (or 5% shares on top, i guess thats easier)

Each share was bought at 0.53$ (850$/1600) or 0,001355 BTC.

The main problem i see, once i issue 1000 shares (100 MHs Scrypt) it will create a demand for BURST, thus making it hard to keep the shares at the right price, the first buyer would actually pay more than the last.

1000 Shares equals 1.355BTC equals roughly 825k burst at 160 Sat.

Comments?

You mean something like this https://burstforum.com/index.php?threads/ann-bytegear.309/ perhaps?


Exactly but i already own the ltcgear shares and it will be in BURST only, not waiting for any BTC to arrieve.

Guess i will just create the asset and see how it goes Cheesy

Uhm... I don't see the point of this actually.
I mean, you are basically moving the profits you already get with your LTCGear on buying Bursts, then split them back among investors while taking 5% of profits which, without asset wuold be 100% yours... so uhm? No, I dont' get it Smiley
Moreover, if like you stated, the first buyer pays more than the last, you are practically saying that your shares lose value over time which is the opposite of the base concept of investment. I personally don't agree with this statement, I think instead, that with your schema the Investment/Profit ratio is 1. So no profit, nor loss.

Probably I misunderstood everything here and you are doing something similar to BLTPS project or Bytegear one, but I don't see how this can actually evolve.
Try to explain it a little bit better Smiley

EDIT:
On additional note, I know it may sound strange said by me cause I'm involved in first person but... Coming up with many projects like the two we already have (one backed by Bitcoins, mine - one backed by Bursts, Iron's one) just fragments things out leading to counterproductive effects. The effort has to be put as a whole, with big, organized, buy pressure. Fragmentation leads to nothing or, even worse, dump because small buy walls cant do anything against big dumpers.

The other project is really limited in availability, he is already sold out so there seems to be demand for this...i would rebuy shares with the money i get and probably issue more or run them for myself - this just opens up another method to get those shares without much hassle and in smaller increments - it does add another party to trust though (me paying the divs)

Limited, you mean the Irontiga's one? Cause BLTPS doesn't have an upper limit given the way it is structured.

I think, like yourself are proposing, that Irontiga can issue further parallel assets if he wants, by taking a snapshot of the shares value at a given time. Be careful, I don't know the mechanisms behind it, so I'm just guessing.

If I figured out this time what your proposal is, your are basically saying:
- You have some qASICs
- Investors can buy them or a portion of them, so what's left is still yours
- If you still have some and someone wants to sell them, they should put a lower price then yours (in this case the older investor loses with respect to the newer one, like you said)
- If you have none, it may be possible that you reinvest in more qASIC and issue a parallel asset, or you stop and simply let the market decide the new value while you are keeping 5% of the profits from the total to manage shares which are yours no more.

Put like this, the difference with respect to Irontiga is that you are anticipating the shares.
Said so, I've voluntary left a fifth point out of that list, because your schema can provide an additional way to scam people, but like you said "it does add another party to trust" so I won't detail it... It's a matter of trust, like with any other project and even with the cryptocurrency world in general.

EDIT: ok, no...
Sorry but I want to warn everyone here given your last post.
Quote
The Asset has been created and i've issued 1000 shares, selling 950 at a price of 910 BURST
First of all, I'm not saying that you are scamming or whatever.
But this is exactly the point.
If you keep 50 shares for yourself is way different than keeping 5% of the profit for yourself.
Once 950 shares have been sold, the price per share will raise as soon as someone decides to buy them and someone is willing to sell. Then you could be able to sell your 50 share for way more their original 910 burst value and say goodbye to everyone.
A correct way would be selling all 1000 shares and keep 5% of the mining profit for yourself.
Again this is just a suggest and an observation and I'm not, absolutely, saying that you are scam, especially given the price which you've kept pretty low.
Take it or not, your choice Smiley
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November 12, 2014, 01:33:54 PM
 #14760



hi
how to get this chart?
seems come from excel???
how to bind to a datasource?
no binding. Just getBlock (API), from daemon to txt-file. Then Excel.

wow
can you explain better plz?

i'm realli interested to work on API...

thankz

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