Harrygon’s assetmine asset



  • @haitch i will defintly go for internal harddrives. I get an offer today or tomorrow what the server i posted in mining and plotting will cost with 100 tb storage



  • @harrygon I have read your post pre ann harrygon's assetmine step 2 a few times now and am having trouble fully understanding the sequence of sale, buyback, new shares etc.

    It's probably a senior moment but could you spell out the sequence line by line.

    I am Putting aside for the moment my concerns over the change in direction until I fully understand your proposal.

    Rich



  • @RichBC sure i can do that



  • @RichBC i think it's my english.

    So 300k new assets will be issued and will be swaped with the old1 2for1 so there are 100k left.

    100k will be sold on AE for 5 burst each. (im still thinkig of putting the price to 7.5 burst, so initial investors get that 15 burst buyback). I think 0.75% weely div's are sill good for a mining asset?

    With the assetsales i will build the miner.

    Buyback will start after the assets are sold. With the funds from escrow wallet. Buying back shares at initial release price 5 or 7.5 burst.



  • @harrygon OK let's make sure I understand this, will comment as I go.

    Step1 Release New Asset with 300K Shares and swap 2 for 1 with existing Asset. Objective being to create 100k Shares to sell to fund the Miner. If they sell at 5 then that makes them effectively the same price as the first sale.

    I guess this is my first concern, that in the current market you cannot sell 100k shares at 5 for a yet to be bought and assembled Miner? What are you going to do if say only 25% of the shares sell?

    Step 2 setup a Buyback at 5 using the escrow fund. I think this is the bit that is confusing me the most, so I am obviously missing something?

    Will this go ahead regardless of how well the share sale goes?

    Where is the Money coming from to fund a Buyback at 5 burst as the wallet has only 116,000 and we now have 300K shares, or is this just a free for all first come first served Buy Back?

    Rich



  • @harrygon 0.75% is rly small roi. Over 2 yrs for ROI won't bring too many investors. Still if burst ever surges and you would be able to keep this ROI (in burst not fiat) you could gain investors in time.
    My questions would be:
    In the best possible scenario, when everything works out, there are no problems and all assets sell in a week. After a month you have everything set and earn good amount of burst so you pay out 30% and reinvest 60% making it grow extremly fast and reaching value ~100k usd in a year. What happens to investors then? do we still earn 0.75%/week or will our ROI increase? (I know it's not likely to happen and there was no math involved whatsoever^^)
    In worst case scenario, no one buys any of your newly issued asset and you have no money to grow. A lot of your old investors try to undercut you to recover losses and your situation doesn't change at all from where you are now. what do you do then? (This is unfortunetly most likely scenario especialy if you issue your new shares @7.5)
    So just my 2 burst - You should use escrowed money to start your mining farm and start buying back using % of profit every week. Otherwise you will only refund some shares leaving rest of your shareholders unhappy and without good divs making them undercut your sales.



  • @RichBC yes I need new capital to build such a big miner. i will buy the first miner (100tb) and set it up i'm in contact with the tec guy from the store and working out the best offer. i will buy the server anyway, for me or for the asset. so if just 25% sell i will put the money into more hdd's.

    that's why i launch the buyback after the sale. i have already bought the first miner and can put these 165k into buyback too. so there are 300 k for buyback, means 20% of the asset. with the capital the buyback wallet generates and the funds from mining it will continue to buyback shares.

    harry



  • @harrygon OK understood.... I think. :-)

    This is quite complex, and it sounds like you are going ahead. Please can you lay out your plans fully, starting with a summary of the current state of the Assets, Funds in the Main Wallet and Buyback Wallet and current best estimate of the Weekly Dividends you are receiving. Also I think you said you had on Polo, is that in Burst or BTC?

    Then please lay out with likely timescales the next sequence of events with likely costs and timescales etc.

    Take your time over this, but getting it complete and clear, will significantly help your chances of retaining existing Shareholders and gaining new ones. Remember there are a number of existing and established mining Assets, you need to give people a reason to buy into your one.

    I would also seriously consider reintroducing a Dividend to keep the existing Shareholders happy :-) This could be a % of the Weekly Dividend that you are receiving?

    Rich



  • @Hyzi0 so we will go with 5 burst/asset.the miner reinvestment is atm around 12% weekly expandable to 20%. if we grow exponentialy i i will rise the returns for sure.
    if no one buys the asset i will just run the 100 tb miner payout 80% of earnings and reinvest 20% to grow bigger.

    i should have come up with this 100 tb miner more early, but i didn't knew if i can afford it, but i got a really nice paycheck this month. I wait for the confirmation from the store. i will get it tomorrow or i will watch for a new deal.

    http://www.pckaufen.ch/product_info.php?products_id=853



  • @RichBC it is, wasted a lot of paper.

    sure i will work that out.

    i could payout 1 last 20k div next friday and after that 80% from income weekly.

    i really want to have u back on board u are my main conversation partner inn here. :)

    harry



  • I have completed a transfer of 215.8 FlexCore assets to assetmine. For the sake of transparency and to help this asset. @harrygon please verify the transaction. This is for research work @harrygon completed for me. Thank you.



  • @vprf wow ty mate really appreciate that. :) the assets arrived.



  • @harrygon said in Harrygon’s assetmine asset:

    @RichBC it is, wasted a lot of paper.

    sure i will work that out.

    i could payout 1 last 20k div next friday and after that 80% from income weekly.

    i really want to have u back on board u are my main conversation partner inn here. :)

    harry

    I will see this one through so long as you continue to communicate regularly and don't make any rash decisions. Return to dividends, which are affordable and sustainable, would be great to keep the existing Shareholders on board.

    Rich



  • @RichBC I agree @RichBC a dividend payment (even if reduced) would help invoke investor confidence in my opinion. I am hoping for this Friday.



  • Lets see how far we go with this boy.

    https://beta.brack.ch/dell-poweredge-t330-5836-1x-394390



  • hi guys last time 20k divs sent.

    from now on i will pay weekly div's 80%of income from asset and the new miner incomes.

    used mining income to make 20k complete so buy back wallet stays at the same amount.

    assetmine (8788580230271293840) Total found assets: 100000, Assets to be distributed: 100000
    Summary of proposed distribution of 20000BURST to 24
    Based on asset holders at timestamp 89914420 (Fri, 30 Sep 2016 04:13:40 GMT)

    Number of assets, Account, Payout amount
    33928, BURST-DR8J-F5NF-B923-CKTR8, 6785.6
    15000, BURST-7BM7-XDNG-5EEH-EYQLV, 3000
    13134, BURST-5LW6-657H-WXHL-49BCP, 2626.8
    12713, BURST-ZGMS-HBRN-URKB-8ZXGP, 2542.6
    7815, BURST-9XFH-CFS7-CZKQ-29D3E, 1563
    6122, BURST-KCWQ-KP2P-P4QK-6DK4N, 1224.4
    5000, BURST-6UVY-U3JU-SYH6-AWRZ3, 1000
    1932, BURST-NGGP-LZ2G-BPC2-8DKGE, 386.4
    1090, BURST-CNSK-LXWV-MBGW-FXPFS, 218
    1000, BURST-X7JB-G8M6-YKKC-CEG2M, 200
    400, BURST-PFQV-67LL-B9ZA-FZFH3, 80
    400, BURST-L4BJ-LLHL-S8UB-HWXZV, 80
    350, BURST-BH4N-SH2A-WZR5-5QVDA, 70
    200, BURST-SNGM-RPDV-VZGL-4KKNT, 40
    200, BURST-DCJT-SHTN-T8N9-5EUX3, 40
    200, BURST-K6VZ-WS7K-2FTP-HMUW6, 40
    170, BURST-E8CZ-MUKD-QKZT-2S8XR, 34
    145, BURST-5BGX-C7EA-A6ET-BAQCD, 29
    100, BURST-BRUQ-MY7L-UTL3-FH3AX, 20
    50, BURST-LZD4-KURA-K9QM-8PKCJ, 10
    20, BURST-PLW9-BNRD-ETNM-G8FPU, 4
    20, BURST-MU3B-89RM-YYSW-9F8D5, 4
    10, BURST-MTUE-P2MG-LTTC-EXWAV, 2
    1, BURST-Z2TL-HQCZ-LN8K-4XSU4, 0.2

    got the server today i will set him up over the weekend 24 tb should arrive at monday.

    cya harry



  • Looks like one of your assets held M2B is doing a buyback of shares if you do not already know.



  • @vprf thx for the info but i will not send them back. This guy had a really nice project and everything went wrong. I will hold the few shares i have. To remember that amazing game😊



  • Btw a little update the server is running i will start plotting the first hdd's today. Will post pic's. As soon im back home.



  • 0_1497893848652_20170619_193033.jpg

    little boy is running with 10 tb these will be replotted after the other hdd's are done. currently plotting 1 8tb hdd, will start the next 8tb on another pc tomorrow or wed.

    cya harry


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