this type of burning assets will overall help the asset grow , as it will provide liquidity to the asset in the AE and allow weak hands an out wile at the same time providing a Boost to Div payout amount to the remaining asset holders, in most cases there will reach a critical mass point in witch people will start to buy new shares because the payouts are so good , and allow the asset owner to expand agin ontell the shares sold dilute the supply and new sales fall off .... its just an interesting cycle that can be used to grow an asset witch also benifits long term holders of the asset.
my asset has this built right into the way it functions , i offer 50% escrow that is used to place a buy wall at 50% issue price direct in the AE. it will naturaly cause this cycle to happen with my asset and yes i "burn" those shares as well..... my issue price is 10 burst , the built in buy wall is 5 burst and that leaves anything bettwen on the AE for me to use my personal wallet to buy up and hold :)
@newsense2004 You are missing 1 in Asset ID ^^
As an investor I always look at few things before investing:
Who asset issuer is and is he verified
ROI that asset provides
What are future plans for asset and how it keeps its burst price
Is asset issuer willing to put his own money to grow his asset
I know you are verified and very active on forum so definitly yes here^^
In your asset I see that ROI isn't the best but its preety good as for burst mining asset^^ Still, looking at ROI it's simply not worth it to invest especialy right now as burst is so high. In crypto ~1.5%/month simply doesn't cut it and most likely it will never return. So no for me here.
In future plans all I see is gpu mining. As I mentioned many times I don't rly like it and to do it correctly you need to have a lot of experience. I don't know if you can handle it and what are your electricity costs. Most likely burst price will fall down to ~300 so it's probably good move if done quickly but as for future plans IMHO it's a bit too small and it won't boost ROI enough. After reading you OP I see you mentioned trading as well so I guess you should write a bit more about it^^
Lastly I see that you are paying from your pocket for all kind of wires so yes here^^
All in all if smb want to invest in Burst mining asset and is not invested (like me) in other ones then I guess it's good choice but still it's more profitable to build your own farm :v
Thank you for your assessment and I agree with you 100% ROI isn't the best but it is what it should be and since I add 8TB a week it is always growing. Not to mention the asset still holds funds towards more drives. I have been trading personally for close to a year now and do pretty good, I am not looking at adding trading to the asset as of now. I do want to add GPU mining, electric cost is a little more than other areas but there is profit to be made.
Be the first to donate to the NewMiner crowdfund. By doing so you get 1 share per 10 Burst. That gives you dividends from the 41TB+ Burst miner and the proposed GPU miner. Crowetic is holding escrow and has donated a GPU.
i don't really know what happen i do know alot thw bs that fourm and the so called admin have been doing... but the replys isee from admin there is just a joke... there is in no way any dev or admin should talk like that...