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Author Topic: [GLBSE] Bitdust - Make your bitdust work for you  (Read 3178 times)
Gomeler
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June 15, 2012, 12:55:33 AM
 #21

Turns out the GLBSE API does not support paying out dividends to shares at the moment but Nefario has assured me that feature will be available soon. I've got everything situated so I'm going to let that script start running and improve it over the weekend. I'll stick a preliminary contract up in this thread to solicit some feedback.

I'll just stick to browser mining with my iPhone

I appreciate your incredibly helpful comment.

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Gladamas
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June 15, 2012, 05:25:05 AM
 #22

To avoid over/underpayments due to rounding, couldn't you pay out when the amount is a whole number of satoshis, rather than paying out per day/other time-based scale? Is this even feasible?

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June 15, 2012, 08:41:52 AM
 #23

I'd recommend to follow up on my questions in https://bitcointalk.org/index.php?topic=77650.0 - It's really uncanny, as I planned to do something similar ("bitdust" was even a ticker symbol I considered) as soon as the dividend API would be released. Before that it wouldn't really make sense and I hate poor and/or rushed execution...

Anyways, you can calculate for each second since the blockchain started how many BTC 1 MH/s (or 1 KH/s) would have generated... then just sum up accordingly for hours or days and pay as dividend. All you need is either a running bitcoind + asking for the block headers via RPC or running bitcoind + armory and having it already nicely packaged. Libbitcoin might also work, I haven't tried that one yet.

If I only read "some day I'll do the work to pay out correctly" I start looking like this --> Angry
Even if it's tiny amounts of money, you're still resposible for it and should put in some effort (it's not even hard, my scripts were finished in under 2 hours) instead of looking for a quick payment.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
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