[ANN] Futuros
-
@babelis do you think you will be able to post on BN? from the recent success with this asset, I think you will be able to post there. ( be sure to post your REAL age, they are very strict about that )
-
Hi, What kind of failure do you mean? If it is a hardware failure, we have 2 years warranty for almost all our components, so the only result can be lower ROI for a couple of weeks until they repair it and send it back to us.
The second type of failure can be - There are more than 10 gpu mineable and currently profitable coins, in the worst scenario if all of these coins lose their price 2-3x or their difficulty go up 2-3x which is not a very probable, but there is still a small chance... If this happens we sell all our equipment for a fair price and buyback all shares for the money
-
Thanks for your advice but I'm already banned there as well as this asset, the reason is: We say that nothing can be guaranteed on 100% and then we say -
minimum ROI will be 5% per month, if it's not we can cover it from our own miners and earnings And we can't change the description if we wanted to because the asset had already investors...Not a very logical reason, I tried to explain to Adam how we meant it but he banned me instead
-
@babelis dang, that was a pretty hard hit then, tbh you have a good running asset rn, but I guess Adam banned you, :/
-
WEEKLY PAYMENT PROCESSED:
ROI: 1.51%Futuros (1605211475111316015) Total found assets: 1000000, Assets to be distributed: 4169.8 Summary of proposed distribution of 6230BURST to 46 Based on asset holders at timestamp 85233918 (Sun, 07 Aug 2016 00:05:18 GMT) ---------------------- Number of assets, Account, Payout amount 1548.5, BURST-USNH-DUG5-YYTW-EXPKA, 2313.5773898 1500, BURST-5LW6-657H-WXHL-49BCP, 2241.11468176 562, BURST-RJSG-YUGZ-W8HJ-5DYAK, 839.67096743 208.2, BURST-X724-7N6K-RQA7-866M6, 311.06671783 167, BURST-NGGP-LZ2G-BPC2-8DKGE, 249.5107679 51, BURST-L4BJ-LLHL-S8UB-HWXZV, 76.19789918 50.1, BURST-NKUQ-999W-CV88-2LARZ, 74.85323037 21, BURST-4GT7-QLA2-FLDA-44EMT, 31.37560554 10, BURST-4WAN-VXS8-Q9SY-B3F3D, 14.94076455 10, BURST-EYRT-W69Q-ELG2-2BBXC, 14.94076455 6, BURST-9B4U-RNBF-X4AR-BHWEH, 8.96445873 5.1, BURST-M3VQ-8YBL-VET6-BF4F2, 7.61978992 5, BURST-5YBX-W97K-PEHB-C4XPX, 7.47038227 4, BURST-9UCW-N7RK-ZNNN-HQ3B4, 5.97630582 3, BURST-MYVV-Z3W6-6JXT-FDE6T, 4.48222936 2.3, BURST-D6NX-Q5KG-5UZ7-A2LLV, 3.43637585 2.1, BURST-RD3G-FELL-GJND-4NQW3, 3.13756055 2, BURST-K6VZ-WS7K-2FTP-HMUW6, 2.98815291 2, BURST-JJGJ-UXYK-DWM7-7RB5X, 2.98815291 1, BURST-84BD-SN8K-8ET6-HRJN7, 1.49407645 1, BURST-WWA9-CMQJ-ZLRD-DLUUY, 1.49407645 1, BURST-YQFX-X5K7-UCER-8SMMW, 1.49407645 1, BURST-4FWQ-85G6-EHQQ-6T27Z, 1.49407645 1, BURST-E2U2-JYZ9-XSDC-6NGDF, 1.49407645 1, BURST-MU3B-89RM-YYSW-9F8D5, 1.49407645 1, BURST-HEES-AYVF-MTK6-FVYBR, 1.49407645 1, BURST-BRUQ-MY7L-UTL3-FH3AX, 1.49407645 0.3, BURST-2T9H-6DPY-7TQH-B5W7Y, 0.44822294 0.2, BURST-M2F3-AQ8V-5VRD-3BPWW, 0.29881529 0.2, BURST-ZAJT-EYMU-LPUL-9TP4V, 0.29881529 0.2, BURST-NNK7-5EKB-49CK-HN9SG, 0.29881529 0.2, BURST-CKK2-QZZM-ATUE-D8DT5, 0.29881529 0.1, BURST-QYVC-NLY4-6M5Q-DD5KT, 0.14940765 0.1, BURST-PETU-YYUS-FZVC-9VCM9, 0.14940765 0.1, BURST-4FM8-2MJ5-NL29-59A6S, 0.14940765 0.1, BURST-UDK7-D5Y3-MR94-9UQS9, 0.14940765 0.1, BURST-DGDQ-GN55-B7F3-GE3TH, 0.14940765 0.1, BURST-KZQV-7L7K-89K6-HXFGP, 0.14940765 0.1, BURST-4CTH-XEGM-5GXG-CYEE9, 0.14940765 0.1, BURST-FK9X-CMV2-4Q7Q-C4P4S, 0.14940765 0.1, BURST-8PXZ-YZPN-8GBV-EUXMB, 0.14940765 0.1, BURST-LACW-VZ2A-YXA4-36VYU, 0.14940765 0.1, BURST-VEFU-NW9C-BK3S-4X297, 0.14940765 0.1, BURST-YWAX-PYAA-XX5G-D9JPP, 0.14940765 0.1, BURST-J7U6-TV88-DJX3-9BYB4, 0.14940765 0.1, BURST-K48W-F6TF-LQJW-FHR6A, 0.14940765
-
IMPORTANT UPDATE
The second rig has been successfully constructed and is currently mining ETH+DCR together with the first rig
If you want to see the performance check it out here - http://dwarfpool.com/eth/address?wallet=e7349b98370571a69c1115472a7ffee7e02438f7
and for dcr - https://www2.coinmine.pl/dcr/index.php?page=statistics&action=pool , look for DanikBasos
So currently it's 5 gpu which are mining, still need to do the bios mod for 2 of them
We have also moved the hdd to the second rig, so the burst mining is back againAnother great news - we have finally received our 2x A4 dominator and we will set it up next week, so our asset is officially ASIC backed (and ltc segwit on the way)
Our plans
It's a good thing to have covered up every algorithm as there can be some price fluctuations in the future, we are aiming for this and we want to get Antminer, Baikal/Pinidea and some nvidia gpus soon.
We have been also looking for a place where to put all of our future equipment and we've found something like smaller warehouse where we could put at least 50 rigs and hopefully get a good electricity deal, this will be all realised during summer when we will start also with a bigger propagation of this project
I would like to say thanks to all investors who believe in this project and also owners of staking assets who invested in Futuros
The future looks bright!
-
@babelis Thank You for the hard work!^^
Don't forget about nice cooling system in summer (I don't know how hot it gets in your region) but it might get tricky to keep those beasts cool^^
I love your project and as always can't wait to stack up more of this fantastic asset!^^
-
@babelis really good news :) thanks to u guys
-
@Hyzi0 yes sometimes it's really hot here during the summer (Slovakia) but I think that the fans from Bitmain should do the work and if not we can dip them into mineral oil
and thanks :)
-
Dividends time, more than 10k Burst paid out
ROI for this week: 1.52%Futuros (1605211475111316015) Total found assets: 1000000, Assets to be distributed: 6785.3 Summary of proposed distribution of 10333BURST to 46 Based on asset holders at timestamp 85866679 (Sun, 14 Aug 2016 07:51:19 GMT) ---------------------- Number of assets, Account, Payout amount 4000, BURST-USNH-DUG5-YYTW-EXPKA, 6091.40347516 1500, BURST-5LW6-657H-WXHL-49BCP, 2284.27630318 562, BURST-RJSG-YUGZ-W8HJ-5DYAK, 855.84218826 310, BURST-NGGP-LZ2G-BPC2-8DKGE, 472.08376932 208.2, BURST-X724-7N6K-RQA7-866M6, 317.05755088 61.2, BURST-L4BJ-LLHL-S8UB-HWXZV, 93.19847317 50.1, BURST-NKUQ-999W-CV88-2LARZ, 76.29482853 25, BURST-4GT7-QLA2-FLDA-44EMT, 38.07127172 10, BURST-EYRT-W69Q-ELG2-2BBXC, 15.22850869 10, BURST-4WAN-VXS8-Q9SY-B3F3D, 15.22850869 10, BURST-9UCW-N7RK-ZNNN-HQ3B4, 15.22850869 6, BURST-9B4U-RNBF-X4AR-BHWEH, 9.13710521 5.1, BURST-M3VQ-8YBL-VET6-BF4F2, 7.76653943 5, BURST-5YBX-W97K-PEHB-C4XPX, 7.61425434 3, BURST-MYVV-Z3W6-6JXT-FDE6T, 4.56855261 2.3, BURST-D6NX-Q5KG-5UZ7-A2LLV, 3.502557 2.1, BURST-RD3G-FELL-GJND-4NQW3, 3.19798682 2, BURST-JJGJ-UXYK-DWM7-7RB5X, 3.04570174 2, BURST-K6VZ-WS7K-2FTP-HMUW6, 3.04570174 1, BURST-WWA9-CMQJ-ZLRD-DLUUY, 1.52285087 1, BURST-84BD-SN8K-8ET6-HRJN7, 1.52285087 1, BURST-MU3B-89RM-YYSW-9F8D5, 1.52285087 1, BURST-YQFX-X5K7-UCER-8SMMW, 1.52285087 1, BURST-Z7VW-2PQH-AR3V-EX3ZW, 1.52285087 1, BURST-4FWQ-85G6-EHQQ-6T27Z, 1.52285087 1, BURST-E2U2-JYZ9-XSDC-6NGDF, 1.52285087 1, BURST-HEES-AYVF-MTK6-FVYBR, 1.52285087 1, BURST-BRUQ-MY7L-UTL3-FH3AX, 1.52285087 0.3, BURST-2T9H-6DPY-7TQH-B5W7Y, 0.45685526 0.2, BURST-M2F3-AQ8V-5VRD-3BPWW, 0.30457017 0.2, BURST-ZAJT-EYMU-LPUL-9TP4V, 0.30457017 0.2, BURST-NNK7-5EKB-49CK-HN9SG, 0.30457017 0.1, BURST-YWAX-PYAA-XX5G-D9JPP, 0.15228509 0.1, BURST-QYVC-NLY4-6M5Q-DD5KT, 0.15228509 0.1, BURST-PETU-YYUS-FZVC-9VCM9, 0.15228509 0.1, BURST-4FM8-2MJ5-NL29-59A6S, 0.15228509 0.1, BURST-UDK7-D5Y3-MR94-9UQS9, 0.15228509 0.1, BURST-DGDQ-GN55-B7F3-GE3TH, 0.15228509 0.1, BURST-KZQV-7L7K-89K6-HXFGP, 0.15228509 0.1, BURST-K48W-F6TF-LQJW-FHR6A, 0.15228509 0.1, BURST-FK9X-CMV2-4Q7Q-C4P4S, 0.15228509 0.1, BURST-8PXZ-YZPN-8GBV-EUXMB, 0.15228509 0.1, BURST-LACW-VZ2A-YXA4-36VYU, 0.15228509 0.1, BURST-VEFU-NW9C-BK3S-4X297, 0.15228509 0.1, BURST-J7U6-TV88-DJX3-9BYB4, 0.15228509 0.1, BURST-4CTH-XEGM-5GXG-CYEE9, 0.15228509
-
IMPORTANT ANNOUNCEMENT
In this post I'd like to discuss the share price and future evaluation of this asset
As you know our profits come mainly from Gpu/Asic mining, that means that we are not earning our profits in Burst like most of the assets
If we want to set a stable ROI for our investors we need to calculate share price and also the roi in USD
We told you that the minimal roi will be 1.25% per week when the price for 10 000Burst was around 15$ , we sold 300 000 burst that we earned from share sales for this price, however during past weeks the price of Burst has increased to 25$ per 10k. Over the past weeks we have been able to keep to evaluation around 1.5%, high above the minimum that we have set and also higher above the other assets. Basically, the Roi for the first investors who bought at 15$ price is now about 2.5% per week and there comes the problem, if the price of the burst increases 2x more, we won't be able to keep this ROi for you as we are making profits in $
From now we will set the stable share price - 0.25$ per share and we will adjust the burst price every few days, the Roi will be also calculated in USD, This will make it fair for all new and future investors. The first investors will be receiving higher Roi
We are leaving only 300 shares for sell right now as we have to look for more space for rigs
-
@babelis i totally understand your problem, just waited for that post in fact
but if the burst price rices u get more money in exchange too, so u can invest more in hardware.
isn't that evaluating itself more or less? don't know much about gpu and asics mining.
harry
-
@babelis Well I do understand it but it's rly bad news. As harrygon mentioned, sure you have to payout more while burst goes up but you will get more money from it as well. It's still great deal but I believe in Burst and Hope it reaches 1usd one day. So if burst ever goes way up we would 'loose' money and it's no longer worth it to hold everything in assets while their prices will change accordingly to usd. Most ppl that are in crypto are here because they believe it has huge potential so I just don't think that taking usd as a base for payouts is good thing and price of your asset might crash.
-
Hi guys!
@Hyzi0 I also understand you. You are here for BURST not for USD. I have done some calculations and here is the problem. Since you bought your first shares, the price BURST/USD has risen, and therefore we need to put more USD into your dividends. Today, we need 2% (of ROI in) USD to pay out your 1,5% BURST ROI. There is a good comment about higher price = more money = more HW = more dividends. But to make this operational, we need a vast majority of investments to be made at this (higher) price. Also, there could be some pump on BURST and we would not have money to pay out all dividends because of this BURST/USD problem. Anyway, we have decreased the shares in circulation, and 0,5% more for us is not a big problem nowadays. But we should solve this problem in the future, because it will get worse. There is also an option to buy your shares back. Your ideas are welcome!Have a nice day :)
-
Yes, basically if we keep the same share price in Burst and there come some investors now and after 10x burst price increase, the thing will be that the roi for these 2 groups of investors won't be the same, we would have to do some average making it not very promising for future investors
@chrispop Hi, you own gpu mining asset as well, how do you face this problem?
-
@DanikBasos @babelis Thanks for reply^^ As I mentioned I understand the problem and it's still great deal. Everything goes to if we believe that burst will go high. I guess it's problem with gpu/ASCII mining while paying in other coin and trying to keep stable ROI. My problem with it is not even lower ROI in burst but changing the price of your assets. People might want to sell your asset and it's not possible if burst ever goes over 0.0025$ (to profit from it). On the other hand if burst ever goes down, you can earn quite a lot burst :v I guess there has to be compromise if you want to keep stable ROI, otherwise it's not possible^^ Anyways I would prefer to keep stable ROI with BTC for example but simply not to USD^^
-
@babelis Yes,I am the founder and CEO of BurstOcean. My asset is not just a gpu mining asset as I have incorporated multiple streams of income in it. I know that BURST price fluctuates and this affects the dividends ROI in terms of burst coins,but it is approximately the same ROI in btc.
One of the BurstOcean's streams of income is burst mining which is a kind of solution to this problem,but this is a complicate issue,but this happens to various assets from other platforms not just burst.
-
@chrispop hmm I see, but it's not the same roi in btc as you are saying, Burst ocean had 5% monthly roi for the first investors but for investors who will come today and buy burst for Btc and then buy burstocean shares for it, it is only 1.86% per month, what will be after the next 10x burst price increase?
@Hyzi0 ok the thing is, you have to choose if you want to make profits from the burst price increase or the Roi from an asset, we can't give you both... We want to keep it fair for the new investors so we will set a stable price in USD, if you don't want to earn from our Roi and you prefer to believe in the burst price increase, your choice...
We will give all our shareholders an opportunity to sell your shares back to Burst, if you don't want to earn the ROI in $. This will happen within the next month
-
@babelis i hope u buyback the shares for 100 burst? For me and my asset its not possible to get the roi in usd. Cuz u garanted a 5% monthly. Many ppl where concerned about that and u always told us u guys can cover that. And now u can't. For me thats a massive problem.
I really beleve in this asset but i need to protect my shareholders aswell. And i can't hold ur shares if u evaluate every share with 0.25. At the mom we are at 0.28 per 100 burst. So how is this fair?
I would mention u put the price per share between 0.30 and 0.40 i know ur assets will be more expensive but u also get moore money to invest.
Or u guys put more money from the assetsales into burst minig so u can cover the flactuation of burst better.
Im really not a fan of the usd pricing cuz i invested burst in ur asset and not usd
Im sorry to say that but i need to, have a nice day
Greez harry
-
@babelis I understand your point,but if the price decreases people will get more in burst but same value in btc. Everyone is free to just keep their burst coins if they want to profit(..or lose) from the burst price fluctuations. At BurstOcean we are working hard to increase the dividends over time even if no assets are being sold.
Moreover if burst price increases 10x the assets value will automatically increase as well.



