BurstGrow asset realeased!



  • Check out LEX4ALL and maybe up the BurstOcean...



  • Dividends time again! This week was below average for incomes. Lending was ok. Not so good but latelly it was above average so it feels litle low now. Especially because burst got a good week so we get less for the bitcoins! But on the end your burst is worth more so its not bad ;) . Burst miner did an average job only this week. But still its not so bad all together! We are growing slowly so it will get better by the time !
    Income from lending:0.00531253Btc
    Reinvested:0.00132813Btc
    Exchanged:0.00398440Btc(0.00000199)Btc/BURST=1997BURST-5%(99)=1898BURST
    Sent to wallet:1898-1BURST
    Income from mining and assets:2180BURST
    Income together:4077BURST
    Reinvested in to assets:408BURST 16xBURSTize(13)=208+1 fee, 66x402(3)=198+1fee
    Total dividends paid:3669BURST-33fee=0.014544 BURST/share



  • So payout time again. It could be a bit better but unfortunately i had some problems with the internet at Saturday and today. Managed to repair it but mining was not working and lending only partly until i did. so here are the numbers for the last week:
    Income from lending:0.00489234Btc
    Reinvested:0.00122308Btc
    Exchanged:0.00366926Btc(0.00000161)
    Sent to wallet:2159BURST
    Income from mining and assets:1655BURST
    Income together:3814BURST
    Reinvested in to assets:381BURST 190x402(2) as it is pretty undervalued in my opinion atm. I have spent all on it now. I have to buy it until its cheap :)
    Total dividends paid:3433BURST-35fee=0.013592BURST/share

    could be better but its not bad and it should improve by time!



  • Important notice! im planing to change a bit the way the asset reinvest and payout works. I will reinvest starting next weekend a larger portion of the BURST we get. To talk exactly i will spend 5% more on assets! This step will make sure the asset will grow faster! At least the part which holds the assets . This step in short term will reduce the dividends by 5% . On the other side it should make sure the portfolio held by the asset will grow faster and raise dividends in the future!
    It is not a drastic decrease in short term, but should make extra income in few weeks time! Actually it will raise the speed we can get new assets by 50%. Also from now on i will try to make better deals on the asset market. I will try to buy assets bit under the price and not straight away. Of course if i see the price on some assets is good to buy i wont wait and get it!

    The way it worked until now was :
    Lending income 25% reinvested and added to my personal btc 75% exchanged -5% for myself rest sent to the wallet.
    Mining and assets income and burst from lending: 10% reinvested in to new assets rest paid as dividends.

    The way it will work now:
    Lending income: 25% reinvested and added to my personal btc 75% exchanged -5% for myself rest sent to the wallet.
    Mining and assets income and burst from lending: 15% reinvested in to new assets rest paid as dividends.

    I know i said the changes will be announced at least 2 weeks in advance but this is not something drastic. As of the nature of this asset the payouts have large fluctuations in price anyway so i believe in short term you wont even feel the difference! For now if it will go like it does and nothing goes wrong. The divs next weekend thx to good lending up until now should be better as this week even getting this 5% extra shaved of it. But lets see how will the mining perform as its still a large enough portion of incomes!

    Comments/opinions/ideas are welcome! Feel free to comment!



  • Dividends again. Im a bit late with it because im busy but i hope you don't mind.
    Income from lending:0.00927812Btc
    Reinvested:0.00231953Btc
    Exchanged:0.00695859Btc(0.00000200)
    Sent to wallet:3295BURST
    Income from mining and assets:2193BURST
    Income together:5488BURST
    Reinvested in to assets:823BURST(I will add what assets later)
    Total dividends paid:4665BURST-35fee=0.01852BURST/share

    I believe its not bad taking in to account that we reinvested 5 extra percent to assets and burst hit 0.00000200Btc against last weeks0.00000161btc so enjoy and i hope it will be even better next week!



  • So here are the assets we are trying to get this week! Some are already ours others we are trying to get under the current price!

    hsassets : Done
    Quantity: 2 Price: 89 BURST Total: 178 BURST
    BURSTize :Done
    Quantity: 10 Price: 11 BURST Total: 110 BURST
    ADSactly:Done
    Quantity: 10 Price: 23.998 BURST Total: 239.98 BURST
    btcdragon:Done
    Quantity: 2 Price: 60 BURST Total: 120 BURST
    402:Done
    Quantity: 50 Price: 3 BURST Total: 150 BURST
    CCM100 Done
    Quantity: 3 Price: 6.3 BURST Total: 18.9 BURST



  • sorry guys im going to do the payout tomorrow. i was out fishing today and im exhausted. it was a long day for me and i wouldnt really like to do some mistake. So i better let it for tomorrow.



  • So payout time!
    Income from lending:0.01946018Btc
    Reinvested:0.00486504Btc
    Exchanged:0.01459514Btc(233)-5%for myself
    Sent to wallet:5940-1BURST
    Income from mining and assets:607BURST
    Income together:6546BURST
    Reinvested in to assets:982BURST(hsasset/4x87=348+1,burstize/20x9=180+1,402/150x3=450+1)1 burst added to next weeks payout
    Total dividends paid:5564BURST-35fee=0.022116BURST/share

    So divs are out burst is even higher than last week wich is not the best for my asset, especially when the mining part under performs but its good news for burst community and the aim of this asset! lending was good so its better than last week 0.022116BURST/share and i hope next week will be good as well! sorry that its late this time but i was tired yesterday after a long day!



  • Important notice to asset holders!
    Guys the payment of the dividends will be stopped for aprox 1 month time ! (I still may have time in between to pay very sometime im just too busy so i cant say for sure)
    I cant give you an exact date now i simply don't have the time right now to do the calculations and i wouldn't like to mess up something so i have to do it! If i will find a bit of time i will pay.
    You have to know that you wont lose anything i will still have time to manage the asset except for 3-4 days in between the process so you will get your dividends paid in one piece when its done!
    The reason for this is that im in the process of moving! When i started the asset i informed haitch about this plan in advance! So you don't need to worry about your finances! Haitch already have my id verification and my new address too!
    The difference is only that i planed to only stop for a week but its much more mess with it than i thought it will be!
    You have to know that im not simply move by 1 street or a town im actually moving from 1 side of the EU to the other...
    Well im coming home after 10 years of working in ireland :) . Hope you wont mind about that... if you have any questions please feel free to ask i will try to check in here from time to time .



  • Looks like today and tomorrow i will have time to do the dividends! So im just waiting on polo to get back some bitcoins and you will get paid today or tomorrow. But please understand that im really having hard time to organize my live now and i have to keep the asset running too :) . So payouts will be really chaotic for few weeks now and may even stop. At the moment i spend most of my free time running the asset and if i will have extra time i do the divs. After this we will go back to normal its max 3 weeks from now . Of course burst price will have influence on the payouts as this is still a young asset and we are in the process of building up the asset holdings to stabilize the incomes! Of course we hold half of the value of the asset on escrow which means that the asset is still in great condition! To be honest probably in dollars worth more than 3x more as when we started . On start of the asset there where people asking whats the point in having it on escrow so now you can see it was a great decision! In dollars we have made a nice profit on it by now!



  • just to make it clear only the escrow itself is worth at the moment aprox 6.44435925Btc well the number is not exact its only a rough calculation it may be of by 10% in any direction but its just to give an idea ;) . So im really happy we have an escrow :)



  • Dividends finally sent out. Could be much earlier but poloniex had some issues to send the burst to me... Its lower than last time but if you count the exact value after the last burst spike , you wont have that big of a difference at all ;). So after hours of waiting lets go to the bed finally... enjoy your dividends!

    Income from lending:0.01917274Btc
    Reinvested:0.00479319Btc
    Exchanged:0.01437955Btc(0.00000454)Btc/BURST-5% For myself
    Sent to wallet:3001-1BURST
    Income from mining and assets:855BURST
    Income together:3855BURST
    Reinvested in to assets:578 BURST 288x402 im buying it now until its undervalued! Well atleast in my eyes its the best deal i could do .
    Total dividends paid:3277BURST-35fee=0.012968BURST/share



  • i have some time now so lets do the dividends.

    Income from lending:0.01564334Btc
    Reinvested:0.00391083Btc
    Exchanged:0.01173251Btc(0.00000540)Btc/BURST=2169-5%for myself
    Sent to wallet:2061-1BURST
    Income from mining and assets:1867BURST
    Income together:3927BURST
    Reinvested in to assets:589 BURST i will update later what assets we will add to the portfolio.
    Total dividends paid:3338 BURST-33fee=0.01322BURST/share

    i believe it is not bad if we take in to account that burst is skyrocketing :) but please feel free to comment.



  • Hey! Could you please elaborate on the escrow?



  • @kmaxkmax sorry mate i just don't understand what you mean. Its not my native language so could you explain what you want with the escrow? If im right then you want to know more about it or just talk about it but im not sure so explain yourself a bit more please. Sorry and thanks.



  • Who has the funds in the escrow?

    @potkas said in BurstGrow asset realeased!:

    @kmaxkmax sorry mate i just don't understand what you mean. Its not my native language so could you explain what you want with the escrow? If im right then you want to know more about it or just talk about it but im not sure so explain yourself a bit more please. Sorry and thanks.



  • I have made the agreement with haitch so him. And if you need to get funds on to escrow or to know more about escrow its probably the best person to talk with .


  • admin

    @kmaxkmax I'm holding the escrow for the asset - the account has over 470K Burst on it, based on asset sales.

    http://burstcoin.biz/address/3629825933550997116



  • i have some time now so lets do the dividends.

    Income from lending:0.01392667Btc
    Reinvested:0.00348167 Btc
    Exchanged: 0.01044500Btc(0'00000601)Btc/BURST=1733-5%(87)for myself

    Sent to wallet:=1646BURST-1BURST
    Income from mining and assets: 617BURST
    Income together: 2263BURST
    Reinvested in to assets:339-30 BURST i will add later which assets
    Total dividends paid:1922BURST fee deducted from the burst for reinvest/30BURST =0.007688 BURST/share

    cant get the funds from poloniex atm and im waiting for the email above 1 hour already so i try to send out the dividends later and update this post too! the dividends are not great but i had a lot of troubles moving last week and half and now i have trouble with the miner... i will have to find a pool which is not under ddos attack i guess as all of them i try are broken in some way... not confirming paying less or something else... next week should be better just have to figure out some things...



  • dividends time from now on it should be every weekend

    Income from lending: 0.01827880Btc
    Reinvested: 0.00456970Btc
    Exchanged: 0.01370910Btc(0.00000599)Btc/BURST=2282-5%(114)for myself

    Sent to wallet:= 2168BURST-1BURST
    Income from mining and assets: 252BURST
    Income together: 2419BURST
    Reinvested in to assets: 362BURST
    Total dividends paid:2057-30 burst fee BURST =0.008112 BURST/share


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