RapidM
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@Propagandalf Good suggestion, but I think I would rather just stick to what I have and learn for next time. But also the asset shares will go into upgrading hardware and a percent of mining will also go into it. This asset isn't really for my own benefit.
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@rapidfireman
I don't think you should create more shares for the newer drives, because who is investing in your asset would want to see their shares evaluating with time and besides that you will be able to buy like a 2Tb or 3Tb drive so here is my math for the current rig:with 850Gb you should get something like 507 Burst per week, so if you release 80% for asset holders dividend you will get 101,4 Burst / week for the maintenance and buy more storage fund, so for you to buy a 1 Tb drive (i just saw in the ad underneath this posts) you will spend 50$ (todays prices at poloniex 50$=0.085BTC=75200Burst) so you can get this to buy 1 Tb drive in 742 weeks wich correspond to almost 15 and a half years, and this is a real long time for buying a HDD to expand... xP
I think you have to review your math on this asset and came up with a good plan so things could start to have real value...
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@gpedro Thanks... a lot. So I guess I will make it 100% for now until I get the upgrades.
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@rapidfireman i don't follow your thought... can you paraphrase?
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This post is deleted!
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@stupendelious
Struggled to get it on the shelf so the box is going to do :P
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@gpedro I mean that 100% of the mining earnings will go to the share holders and I will upgrade the hardware with all of the bought assets.
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@rapidfireman So you will charge no fee and from the total amount received for the shares you will buy the drives... That sounds cool to me but won't make you lost the interest in the asset with time? since you are not profiting at all with the asset? I mean you could have like a fee for part of the collected money for you and would make you happy to run this because everytime you reach a goal (all shares sold) you get paid, otherwise you are just mining for others xP
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@gpedro I need something to do in my life... this will keep me happy :D
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@rapidfireman Like said: all fine for me xD
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I've decided to just create a whole new asset due to my mistakes. I will update the ID in a moment.
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essentially you are offering cloud services for burstcoin :P
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@dethie never thought of it like that but thats a good way of thinking about it :D
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I would work out a GB per share or MB
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@dethie The market might get a bit to out of wack for that but thats a good idea.
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New asset has been created with updated info
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There goes the first order. Upgrades will be coming soon!
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@rapidfireman Congrats on launching your first asset. :)
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@rapidfireman So you will charge no fee and from the total amount received for the shares you will buy the drives... That sounds cool to me but won't make you lost the interest in the asset with time? since you are not profiting at all with the asset? I mean you could have like a fee for part of the collected money for you and would make you happy to run this because everytime you reach a goal (all shares sold) you get paid, otherwise you are just mining for others xP
What you fail to realize is that despite the fact that 100% of payouts go back to the investors, all the hardware stays with him, meaning that if/when he liquidates the asset, hard-disks are his to keep. I'm very much ok with that and it's a great incentive to keep the issuer going.
And @rapidfireman , welcome to the asset issuers club!
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I will release updates tonight regarding new hard drives.

