PRE-ANN CloudMining Asset
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@socalguy You can always run the original localwallet (localwallet-master on the github), like i always say when something is not right always try manual xD
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@gpedro Looks promising ... Are you going to setup some site as interface for this or will it be an in-house asset ??
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1 - Quite interesting concept, but I find it a bit hard to grasp completely.
2 - N/A
3 - I like to have many different pools to choose from, so why not! But, no need to make it if you rather need the time for something else.
4 - Week 2 in month
5 - Week 4 in month
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@Castiel Yes i will setup a website in the future yes, but for start i think we should start with a proof of concept so i will most likely start with the Asset Exchange and the MarketPlace... I'm working on some details about some louds and i have one that if works the whole community will like very much the idea but i will save that for when i have certains (hahaha)
@Propagandalf Are you saying on number 2 that i shouldn't rent neither the clouds, nor the physical space?
@all I appreciate some feedback if you guys can share your thoughts about this... Thanks to all !
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No I simply did not understand the question fully in order to give an answer :)
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@Propagandalf said in PRE-ANN CloudMining Asset:
No I simply did not understand the question fully in order to give an answer :)
XD i cant fully comprehend the cloud thingy either. Double XD
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@Propagandalf @jervis Ok i will try to paraphrase the topic so i can make it easier to understand, sorry for that guys xD I will let you know when i do that for sure
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Hey guys i made a lot of changes and i think it's more well explained now... If you guys have any doubt tell me what part you don't understand well and i will do my best to release my thoughts in a brighter way xD
You know sometimes we thinked in something and the thought is all in our head but when we explain we forget to say half hahaha
Really apreciate some feedback from the community...
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@gpedro do I have this correct?
This is a business plan for the CloudMining Asset. This is a pre announcement thread. The purpose of this thread is to gain feedback from the community. The plan for the CloudMining Asset is to make our Burst Network bigger and more de-centralized. This asset will have many different products to suit your investing requirements.
This asset can be broken into two pieces, Active and Passive.
ACTIVE (PART ONE) Working In The Clouds.
- Create new plots for the cloud network.
- Create new cloud (reserved hdd space) logins for the cloud network.
- Upload plots to the cloud network.
- Mine existing plots within the cloud network.
Plot creators and up-loaders into the cloud will receive the following,
- 15Gb * 15% = 22.5Gb (during 3 months with monthly/weekly payouts) 2.25Gb should bring 7.5 Burst per month for the lifetime of the hdd space.
Cloud creators will receive the following,
- 15Gb * 5% = 0.75Gb which is forecasted to produce 2.5 burst per month (during 3 months with monthly/weekly payouts) for the lifetime of the hdd space.
Miners will receive the following,
- Burst from Mining on pools located in the cloud network.
(PART TWO) Renting Your Own Cloud for Mining Burst
Renters will pay a rent for space and receive mining payments weekly during one month for each cloud. This will reduce the cost of actually owning physical hardware used for mining.
Payment Breakdown for renter is as follows,
- Contract holders calcs - 15Gb should bring in average 50.1 Burst per month (15Gb x 40% = 6Gb)
- Monthly calcs - Each 6Gb cost per contract is 18 Burst. 6Gb should bring in average 20.04 Burst per month. 20.04/18=1.11(33)*100=111.(33)% ROI for contract holders with a cost of 18 Burst/month (3 Burst/GB/month)
PASSIVE Another way people can produce income through the asset is by passive investing. Investors will receive dividends from this portion of the asset. Income will also flow from the renting space collected from the contracts plus 50% of the fee's collected from the mining amount of the contracts stream of revenue.
(PART ONE) Rental Income
Breakdown of Rental income
- 40% contract holders - Renting is monthly with weekly payouts.
- 20% miner host - 20% over the mined amount (Payout weekly).
- 15% over the plots created and uploaded - Plot creator and uploader of the plot (15% over the mined amount and only for the first 3 months after that this 15% goes to the fee shares).
- 5% over the clouds created - (Cloud creator) This 5% are only for the first 3 months and only related with the mined amount of the corresponding clouds created after that this 5% will go into the Fee shares.
- 20% fee - Will pay dividends to the asset for future asset expansions.
(PART TWO) Aquiring Shares
- Asset holders will receive 50% over the fee collected by the cloud mining plus the rental revenues. This total will be paid as dividends with monthly payouts for now. Part of this blueprint is for the payouts to become weekly.
- The remaining 50% will be used to make our very own physical Burst mining farm to grow.
ADDITIONAL DETAILS The contracts will be sold in the marketplace for now. Part of the asset blueprint is to create a separate site. This will allow the asset to accept payments from other coins. Special request for payment in others coins will need to be discussed by @gpedro.
The amount collected from the share revenue will be split in two parts.
- 25% will be collected by me and the remaining
- 75% will be used to make the physical farm to grow.
The physical Burst mining farm will start with all my mining which has a total of 1.2Tb for now.
The Cloud mining farm has now a total of 18 clouds (270Gb). Plots have been uploaded and are mining 24/7. An additional four more clouds were created recently the plots are being uploading one by one. Main computer storage area has the capacity for hosting more 48 (720Gb) clouds.
Cloud Mining Asset has two additional PC's on stand by. This will allow an additional 50 more clouds (750GB) once folks start to sign up.
A pool (ninja clone) is also part of the blueprint for future growth if it is needed. For now, pool.burstcoin.party will be used for pool mining. ( hehe sry, had to throw that in there :P )
Discussions have been ongoing with crowetic to further develop this and the marketplace of this asset.
That's what I understand about the asset.
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@socalguy Yes you get it right?!?!?! Thanks for explaining in a much more easy and apelative way xP
When i asked you to put your feedback in here i was thinking you were just answer my questions as you answer me by PM hahaha
I'll PM you right now kind sir xDD



