[PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details


  • admin

    @Focus The community will only support so many mining assets - if the interest is not there, the asset won't sell, and the Burst won't get traded. For all I know, Socal won't sell a single share.

    @AdamGuerbuez Yes you could do that - but what's the point of destroying the value of the coin? This is not the first asset to have raised funds to mine Burst or other coins, that then distribute Burst to the community. Socal gets his miner, his investors get the income. You could have presold your asset to fund buying the drives (and based on the current buy bid, your asset is valued at 25M Burst which is more than the cost of your capacity) but chose to invest then sell the asset - Socal, and ccminer and others before, chose to go the other way - sell the asset to build the miner. Your asset isn't hurting the Burst market - neither will Socals.



  • @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus and what is so bad about setting a precedent of TRANSPARENT and TRUSTWORTHY community run assets? I have agreed to all of Haitch's Identity terms plus added in links to my other accts AND cell number AND I am putting 50% of the funds raised into escrow as insurance so I don't know what else more I could do to prove that I will deliver as promised

    Why do you keep calling this an asset, currently as it stands you have 3 TERRABYTES..... You do not own the equipment you are offering, you are asking the community to buy it for you.

    As far as I am concerned, anyone from now on trying to issue or sell an asset for mining power, going with the current network size and difficulty, that does not at least OWN themselves 40-50TB to back it, I will fight tooth and nail for it NOT to be issued.

    My 2 cents

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway, if they want it they will buy it if they don't then they won't I'm just trying to help out I am literally doing this for 0 profit. I am even willing to throw my current 3 TB on top as a bonus to show I am not in this for profit



  • @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus and what is so bad about setting a precedent of TRANSPARENT and TRUSTWORTHY community run assets? I have agreed to all of Haitch's Identity terms plus added in links to my other accts AND cell number AND I am putting 50% of the funds raised into escrow as insurance so I don't know what else more I could do to prove that I will deliver as promised

    Why do you keep calling this an asset, currently as it stands you have 3 TERRABYTES..... You do not own the equipment you are offering, you are asking the community to buy it for you.

    As far as I am concerned, anyone from now on trying to issue or sell an asset for mining power, going with the current network size and difficulty, that does not at least OWN themselves 40-50TB to back it, I will fight tooth and nail for it NOT to be issued.

    My 2 cents

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway, if they want it they will buy it if they don't then they won't I'm just trying to help out I am literally doing this for 0 profit. I am even willing to throw my current 3 TB on top as a bonus to show I am not in this for profit

    OK so let's go with your direction of COMMUNITY then, are you willing to have crowetic buy these hard drives with money you send him, not Burst taken from the community and sold, host them at his facility, and control the asset you want to release?

    If not, by all means, go out and build the miner ahead of time and then sell your assets? I will even invest if you do it that way.



  • @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway,

    Excuse me, the community has to meet you halfway????? You joined here 4 hours ago, who are you for the community to meet you halfway? You want to be a part of this community start off by contributing to it instead of wanting to take away from it.



  • @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus and what is so bad about setting a precedent of TRANSPARENT and TRUSTWORTHY community run assets? I have agreed to all of Haitch's Identity terms plus added in links to my other accts AND cell number AND I am putting 50% of the funds raised into escrow as insurance so I don't know what else more I could do to prove that I will deliver as promised

    Why do you keep calling this an asset, currently as it stands you have 3 TERRABYTES..... You do not own the equipment you are offering, you are asking the community to buy it for you.

    As far as I am concerned, anyone from now on trying to issue or sell an asset for mining power, going with the current network size and difficulty, that does not at least OWN themselves 40-50TB to back it, I will fight tooth and nail for it NOT to be issued.

    My 2 cents

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway, if they want it they will buy it if they don't then they won't I'm just trying to help out I am literally doing this for 0 profit. I am even willing to throw my current 3 TB on top as a bonus to show I am not in this for profit

    OK so let's go with your direction of COMMUNITY then, are you willing to have crowetic buy these hard drives with money you send him, not Burst taken from the community and sold, host them at his facility, and control the asset you want to release?

    If not, by all means, go out and build the miner ahead of time and then sell your assets? I will even invest if you do it that way

    If thats what works then sure I'd be more than happy to send Crowetic the funds, but one question, why is he not doing this then? wouldn't it make more sense for him to manage the asset instead of having me as a middle man? just asking, because what you are asking didn't make much sense to me, sorry



  • @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus and what is so bad about setting a precedent of TRANSPARENT and TRUSTWORTHY community run assets? I have agreed to all of Haitch's Identity terms plus added in links to my other accts AND cell number AND I am putting 50% of the funds raised into escrow as insurance so I don't know what else more I could do to prove that I will deliver as promised

    Why do you keep calling this an asset, currently as it stands you have 3 TERRABYTES..... You do not own the equipment you are offering, you are asking the community to buy it for you.

    As far as I am concerned, anyone from now on trying to issue or sell an asset for mining power, going with the current network size and difficulty, that does not at least OWN themselves 40-50TB to back it, I will fight tooth and nail for it NOT to be issued.

    My 2 cents

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway, if they want it they will buy it if they don't then they won't I'm just trying to help out I am literally doing this for 0 profit. I am even willing to throw my current 3 TB on top as a bonus to show I am not in this for profit

    OK so let's go with your direction of COMMUNITY then, are you willing to have crowetic buy these hard drives with money you send him, not Burst taken from the community and sold, host them at his facility, and control the asset you want to release?

    If not, by all means, go out and build the miner ahead of time and then sell your assets? I will even invest if you do it that way

    If thats what works then sure I'd be more than happy to send Crowetic the funds, but one question, why is he not doing this then? wouldn't it make more sense for him to manage the asset instead of having me as a middle man? just asking, because what you are asking didn't make much sense to me, sorry

    You obviously have no idea about this community then...



  • @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    once again the community isn't buying me jack diddly, this is for the COMMUNITY is owned by the COMMUNITY and belongs to the COMMUNITY I have Cash on hand now to buy the Harddrives and make an Asset AFTER paying for it all out of pocket but I'm sorry I'm willing to run this thing and manage it but the community has to meet me halfway,

    Excuse me, the community has to meet you halfway????? You joined here 4 hours ago, who are you for the community to meet you halfway? You want to be a part of this community start off by contributing to it instead of wanting to take away from it.

    Alright obviously you are just going to remain hostile so there isn't much point in continued discourse with you but I never had any intention of taking from the community besides what exactly would I be taking? You act like I'm here asking for handouts with no intention of delivering promised goods/services and I've already laid out a multi layer plan to protect community members in the event of a shutdown



  • Well this has been good, found out that some members of the community do NOT like this idea, thats good thats why I made a pre-ann, to figure these things out. Anyone else have anything to contribute?


  • admin

    @socal Do the ID Verification, do the escrow - I'll buy shares.



  • oh I will be doing all verifications and such and using escrow.

    I am also thinking about increasing share size by an order of 10 so the new breakdown would be

    1st Round - 500,000 Shares @ 10 Burst/Share

    2nd Round 250,000 Shares @ 15 Burst/Share

    3rd Round 250,000 Shares @ 20 Burst/Share

    This gives a total of 13.75 million Burst, 50% of which will go directly to escrow, which will provide ~100TB of dedicated Burst mining that will be personally managed and upkept by myself.

    what do you all think?



  • @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    oh I will be doing all verifications and such and using escrow.

    I am also thinking about increasing share size by an order of 10 so the new breakdown would be

    1st Round - 500,000 Shares @ 10 Burst/Share

    2nd Round 250,000 Shares @ 15 Burst/Share

    3rd Round 250,000 Shares @ 20 Burst/Share

    This gives a total of 13.75 million Burst, 50% of which will go directly to escrow, which will provide ~100TB of dedicated Burst mining that will be personally managed and upkept by myself.

    what do you all think?

    OK this is a real farce now.


  • admin

    @Focus Why farce?

    Looking at some of the other mining assets:

    ccminer - 6M Burst
    ibmining - 50M Burst
    MCM - 10M Burst
    ogburst 25 BTC ( 33M Burst).

    13M Burst, half invested in hardware to mine with, half in escrow to protect the investors - which no other asset has done - seems very reasonable to me.


  • admin

    @Focus Please stop locking this topic.



  • @haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus Why farce?

    Looking at some of the other mining assets:

    ccminer - 6M Burst
    ibmining - 50M Burst
    MCM - 10M Burst
    ogburst 25 BTC ( 33M Burst).

    13M Burst, half invested in hardware to mine with, half in escrow to protect the investors - which no other asset has done - seems very reasonable to me.

    Well seeing the numbers on the other assets does make me feel better about the numbers I'm running but actually just as proof of concept I'll keep it at the original share schedule for a total of 10TB, once its been proven to work as advertised another asset for a larger rig can be made


  • admin

    @socal Look at doing at the way ccminer did - don't create multiple assets, make one, but release the shares in phases. Use each phase to purchase the hardware and get it mining, then release the next phase and so on ....

    https://forums.burst-team.us/topic/2466/ann-ccminer_100tb-new-asset



  • @haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal Look at doing at the way ccminer did - don't create multiple assets, make one, but release the shares in phases. Use each phase to purchase the hardware and get it mining, then release the next phase and so on ....

    https://forums.burst-team.us/topic/2466/ann-ccminer_100tb-new-asset

    AND your escrow will have control of the funds, yes so I'll just make the 1,000,000 Share asset and release it in like 50,000 or 100,000 share chunks



  • @haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus Please stop locking this topic.

    I locked this post because he is trying to taunt me by upvoting my post saying this is a farce.



  • @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus Please stop locking this topic.

    I locked this post because he is trying to taunt me by upvoting my post saying this is a farce.

    or maybe I just respected your right to free speech and appreciated you exercising that right and providing me with feedback from my brainstorming Pre-Ann



  • @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @socal said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

    @Focus Please stop locking this topic.

    I locked this post because he is trying to taunt me by upvoting my post saying this is a farce.

    or maybe I just respected your right to free speech and appreciated you exercising that right and providing me with feedback from my brainstorming Pre-Ann

    Listen to me very carefully socal, If you are trying to provoke me, I promise you that it will finish badly for you in the Burst community, allready you're not off to a good start. Do you not think that all the members see how you are acting and trying to provoke and furthermore are trying to flat out PROFIT from this community??

    Ok bud, I've already broken down all the steps to be taken to mitigate investor risk and solutions to all issues pointed out by you, yet you continue to be hostile. Same goes for you bud, do you not think that the community can't see how hostile, irrational, and just plain combative you have been? I have also laid out how I am NOT profiting from this but doing it to help strengthen and grow Burst, so making wild accusations will garner you nothing.


  • admin

    @Focus I don't care if he upvotes you, requotes you - this thread is an open discussion of his idea for an asset. If I think an asset discussion is a scam, I'll lock/nuke it, but you don't because you don't like the guys idea or something he does/says to you.


Log in to reply
 

Looks like your connection to Burst - Efficient HDD Mining was lost, please wait while we try to reconnect.