[ANN] Firecoin is announcing Mining profit share + min of 50mhs Hashlets zenpool

[tom14cat14]

Announcing Mining Profit share

We have created a profit share program where you need to have 750 Fire to be eligible. You will have to submit what fire address you will be keeping the coins in. You will have to maintain min FIRE to be eligible for payment. We will have an enrollment period that we are planning to close on September 12, 2014. Enrollment will be reopened at times to accept new members. Your payout will be a percentage of how much BTC is mined. Your percentage will be based on your coins vs how many are enrolled in the program. Payouts will initially be every 5 days(Subject to change) until I know how many people will enroll. I will accept donations which will go directly to increasing the hash speed of the group miner. Meaning if you donate your payouts over the long run will go up because we will have a higher hashrate.

Example: You have 1000 Fire enrolled and there are a total of 10,000 Fire enrolled in the program. You would then have 10% of the profit pool. So if the payout is .5 BTC you would receive 10% of the .5 BTC or .05 BTC for that payment period.

To apply for the profit share program please send an email to firecoinprofit@gmail.com.
Please send your Firecoin address where your minimum coins will be held and BTC address where your profit share will be sent. We are also asking you to send one coin to this address F6DjcrtesYC9PtcT4k29zEJVq6AFWAiEVE along with the tx id to confirm you are the correct owner of this account. Then please inform whether you want the coin returned or if your would like them added to the donation pot for hash upgrade.

So why would I enroll and not just buy my own miner? This will be a continuous payout based on how many Fire you have. You will not have to buy anything. It is beneficial to donate to help buy more hash power. However initial hash is donated by Tom14cat14.

Why should I trust you that you will pay me? I have shown to be trustworthy through all of my actions. ie: Twitter Giveaways, weekly contest for BTC. I have always kept to my word. I also will be paying for this hash power out of my own pocket so the only thing you are risking is buying Firecoin.

[tom14cat14]

Our normal coin ANN thread is here. https://bitcointalk.org/index.php?topic=702951.460

[animalroam]

Awesome news, will definitely continue to hold my FIRE .

[a447513372]

good news , let's  fire in the hole 

[tom14cat14]

I really hope people see I am serious that I am going to keep doing things to help the community.

[tom14cat14]

I am throwing 50mh/s Hashlet at the zenpool for this profit share. This is the minimum on the pool. I might throw some extra to help with first payouts to show I will pay people.

[martinyin]

I am throwing 50mh/s Hashlet at the zenpool for this profit share. This is the minimum on the pool. I might throw some extra to help with first payouts to show I will pay people.

50mh/s? which coin were you mining? thought it was BTC, no?

[tom14cat14]

I am throwing 50mh/s Hashlet at the zenpool for this profit share. This is the minimum on the pool. I might throw some extra to help with first payouts to show I will pay people.

50mh/s? which coin were you mining? thought it was BTC, no?

Good question. I forgot everyone does not have Haslets. This is 50mh/s of hashlets that mine on the zenpool. This is GAW miners private pool that mine scrypt and pays out in BTC.
Current average payouts for the zenpool are 0.00065035 BTC per mh. Anyone that has miners there can confirm this. This means the avg payout for this miner should be .0325175 per day. Of course all of this changes with time and are only averages. My hope is we will slowly build the hash up here once I start paying people out. We do not know what coins they mine but they have paid out consistently. Please let me know if there is anything else I can clarify. There is a .08cent per day per mh maintenance fee which will lower the payout slightly.

[tom14cat14]

Looks like there have been a few buys. So if you plan to take advantage you might want to before it costs more. Right now you can get your 750 Fire for .07xxx BTC

[Miller0]

sounds good

[lider1971]

I'm very interested in this kind of cooperation.

Excellent business offer.

[tom14cat14]

I'm very interested in this kind of cooperation.

Excellent business offer.

I hope people like it. And once I show that I will pay out I hope it attracts all of the doubters. Dont get me wrong right now it is not like you will get $100 a day but you will get free BTC for holding the coin plus if people donate I will keep increasing the Hash for the pool.

[tom14cat14]

And if people are interested once we get this going and wish to donate in BTC I can set that address up too. 100% of these donations will go to buying more miners for the profit share. But for now sit back and wait for first payouts to come.

[tom14cat14]

So I have been just running some numbers for expected payment. In the past the payment has avg .0325175BTC per day. If we have 30,000 Fire that has been enrolled into the profit share and you enroll with 750 Fire you would receive 2.5% of the payout. This means if I do payment every 5 days your payout would be .004xx BTC roughly $2 for holding the coin. Now I am not saying there will be 30k coins enrolled I just took this number as an example so people have a reasonable Idea of what payouts will be.

[mxxxxxx]

Great business offer

Keep up good work

[tom14cat14]

Check out the google sheet I posted yesterdays profit share amount.

[tom14cat14]

So far 24k Fire enrolled. That means 24k of the 97k Fire are off the market for trading.

[tom14cat14]

Just updated day two payout amount.
https://docs.google.com/spreadsheets/d/1D88Cf0GeTolioKoW3hEfTsO2ntSZGuWHP8BA4BVDPis/edit?usp=sharing

Total for the two days of mining is 0.05184911 BTC

I plan to do Pay outs on Sep 4th. USA time. No specific time yet but once all the BTC are moved to my coinbase wallet. So if you want to be eligible for this first pay out make sure you enroll.

For those that just hold the coin but can not enroll this is still good for you. We currently have almost 30% of all Fire enrolled. I think we might get close 50% of all Fire.

[lider1971]

Just updated day two payout amount.
https://docs.google.com/spreadsheets/d/1D88Cf0GeTolioKoW3hEfTsO2ntSZGuWHP8BA4BVDPis/edit?usp=sharing

Total for the two days of mining is 0.05184911 BTC

I plan to do Pay outs on Sep 4th. USA time. No specific time yet but once all the BTC are moved to my coinbase wallet. So if you want to be eligible for this first pay out make sure you enroll.

For those that just hold the coin but can not enroll this is still good for you. We currently have almost 30% of all Fire enrolled. I think we might get close 50% of all Fire.

How many firecoins enrolled now?

[tom14cat14]

Just updated day two payout amount.
https://docs.google.com/spreadsheets/d/1D88Cf0GeTolioKoW3hEfTsO2ntSZGuWHP8BA4BVDPis/edit?usp=sharing

Total for the two days of mining is 0.05184911 BTC

I plan to do Pay outs on Sep 4th. USA time. No specific time yet but once all the BTC are moved to my coinbase wallet. So if you want to be eligible for this first pay out make sure you enroll.

For those that just hold the coin but can not enroll this is still good for you. We currently have almost 30% of all Fire enrolled. I think we might get close 50% of all Fire.

How many firecoins enrolled now?

42,822 or 44% of all Fire!!!