[ANN] The N.E.W.S. Asset launch
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November 12, 2016
NEWS Asset Bonus Shares for the mining pool projectTransaction IDs: 7622319110993550666 6502368886824891205 5015846650726696992 1056616395114065761 12883128023086414971 11845508594357356827 9718482698092746567 10648191176098455175Happy Bursting Everyone!
NEWS Asset Team
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November 13, 2016
NEWS Asset Bonus Shares for the mining pool projectStatus: DONE.
Transaction IDs: 17654122093501910114 14059622814881111102 594137031341143405 17913274284646101969 9988828405815595993 12495666629155327216Happy Bursting Everyone!
Good morning :)
NEWS Asset Team
Great Things Happening in N.E.W.S.:
N.E.W.S. Asset website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Trading Charts: http://news.rimvis.lt/
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NEWS Milestone (November 14, 2016)
Asset ID: 5892347315238085011
Price per asset: 100 Burst
Dividends: PAID WEEKLY
WEBSITE: https://news-asset.com
POOL SITE: pool.news-asset.com:7080
DATA Chart for Volume and Trades: http://news.rimvis.lt/TOTAL SHARES SOLD: 103,378 NEWS
TOTAL DIVIDEND PAID: 460,569.06 Burst
REINVESTED: 204,697.36 Burst
ASSETS DISTRIBUTED (REINVESTMENT): 2,046 NEWS SharesNOTE: N.E.W.S. asset has 41,474 shares left before the sell order ends and the open market AE begins. https://news-asset.com/2016/11/08/n-e-w-s-letter/ explains it all. The 10% bonus can be claimed through purchase of shares from the asset issuer.
Happy Bursting Everyone!
NEWS Asset Team
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Hi @jervis, thank you for creating this asset. It's great to see this platform be used on a professional level. Thank you for that. Today I purchased 100k of your asset. I have a few questions:
How does the asset produce 1.81% dividend per week? What is the profit that produces ~160k gross dividend? To combine both questions to one: is the dividend payment supported by the continued sale of issued assets, or is it profit based? If the former, is that sustainable?
My second question is, as you are not a part of the Burst Team, there is additional risk for investors. What measures if any have you & the Burst Team taken to
insure this asset?Thank you
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Hi Nox.
To answer your question, we currently have multiple streams of income, I'd point you to our documentation page here https://news-asset.com/the-n-e-w-s-asset-documentation/ but I can quickly outline here (roughly) what the profits are, I can't give exact figures down to the last burst as everything is dynamic and I can't go through files right now.
Quick rundown.
We have burst coming in from our different asset holdings, again, the list is up there and we've put in a bit of burst on the different assets on the forum.
We're currently mining at a speed of around 600 sols/s for ZCASH, which is roughly 0.12 ZEC per day, or roughly 20k burst per day. Again, the rig is somewhere up the thread, sorry I can't find the specific post but it's there somewhere.
As for trading, the crypto markets are kind of on a downward trend nowadays and there hasn't been any major movements since the Zcash announcement, but we're making a small amount on trades here and there.
Burst Mining, we have 2-3k burst coming in from mining per day, but that's going to change soon as we have 64TB worth of drives coming in the next week or so.
As for sustainability, the profits arent guaranteed, we're not going to give out any dividend if we have a losing week and we don't use any asset purchases to payout. In fact, we're going to stop asset purchases as soon as we hit our milestone with the pool and re-assess the value of the current assets then, but at that time, dividends will continue to come from the asset holdings, zec/eth mining, trading on polo and burst mining.
N.E.W.S. is just a side gig for the team, something to do for free beer and the crypto advocacy. No amount of verifications online will ever lead true "insurance" ie: dedicated scammers will fabricate whatever identification they need to fabricate to gain trust. But then, that's what crypto is about, trust, or the lack thereof. I'd point you to <haitch> he has an insurance asset going on, you could put in a hedge there if you want your burst in N.E.W.S. insured 🙂
For us, it doesn't make sense to set aside a huge portion of the asset as insurance. Instead we are putting the burst to work by buying hardware and running them and sending out the profits as they come in.
In the end, it's a business, you guys trust us with your burst, we generate income for you, we take our cut as maintenance fees. win-win situation for all.
Happy Bursting!
NEWS Asset Team
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November 14, 2016
NEWS Asset Bonus Shares for the mining pool projectStatus: DONE.
Transaction IDs: 14875615153910271230 6201125615915774459 800618552410323968 14993603083856379238Happy Bursting Everyone!
Good morning :)
NEWS Asset Team
Great Things Happening in N.E.W.S.:
N.E.W.S. Asset website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Trading Charts: http://news.rimvis.lt/
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N.E.W.S. Shareholders and Miners!
We have reached a census of 41 miners in the pool with a total of more or less 100 TB of total capacity of all miners in it. By next week, hopefully, the NEWS miner with 60TB more capacity is installed. Giving our pool a boost for mining and income boost for all of the miners and also the shareholders.
This project can never go see its light without each and everyone's effort. For NEWS Shareholders, thank you for acquiring N.E.W.S. asset shares. You have given the biggest contribution for this asset's developing success. For pool miners, without you, there would be no activity in the pool. You came in your own accord and stayed with us for a week or two now. I hope you will stay forever with us and bring in more miners if you find that this pool is good to you and your income.
Shareholders and prospects, if you would, please let me insert an advisory here about the NEWS Asset. We only have so much shares left (40k) for sale before we close and re-assess the asset's inventory and valuation. By that time, the open market will come in, please refer to this link for more info: https://news-asset.com/2016/11/08/n-e-w-s-letter/. Thus, the value of your shares will likely go up in the interim. Giving you more income aside from the dividends that we distribute. :)
The sales of the remaining shares will be used to buy more capacity for our mining rig to complete our mining pool project, please refer to: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/, and some for the other components of N.E.W.S. which you all so know about; for prospects, please refer to our website to learn more: https://news-asset.com
With the trend of the trade market right now going down, as you have all noticed, a good foundation in a mining rig is a big wall to lean on. Fortunately, this is a dynamic asset that balances out other component's shortcomings to give out a better income for its shareholders. We have two mining rigs for ETH/ZEC and Burst. We will persevere even though hardships may fall upon the trade market.
Thank you very much everyone!
Happy Bursting!
N.E.W.S. Asset Team
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November 15, 2016
NEWS Asset Bonus Shares for the mining pool projectStatus: DONE.
Transaction IDs: 2193575179125659443 10773674575001186792Happy Bursting Everyone!
NEWS Asset Team
Great Things Happening in N.E.W.S.:
N.E.W.S. Asset website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Trading Charts: http://news.rimvis.lt/
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BLACK FRIDAY and N.E.W.S. MINING POOL PROJECT:
Hi Bursters!
The N.E.W.S. Mining Pool Project is going perfectly well. We already have shipment of Hard drives incoming and the pool running 24/7 and has already forged 125,879 Burst worth of blocks in its very early inception, which I think is already generating a fair amount of income for our miners and shareholders in the pool (we give out 90% of earnings from the pool fees to miners and shareholders: https://news-asset.com/n-e-w-s-asset-pool-burst/)
So what about the Black Friday and why is it important for the NEWS Mining Pool Project?
Well, as we have stated in our NEWSLETTER:
"Buying equipment when able works, but it’s terribly inefficient. We’re losing money on shipping fees, time lost, setup, by buying piecemeal. Not big losses, but this is basically wasted resources that could go to asset holders in the form of dividends. (ie. Paying $10 for shipping one component, and then paying another $10 shipping next week to buy another component, when they could have been bought at the same time and saved on the second $10 shipping, etc…)."We are planning to get more Hard Drives for the project on Black Friday week (November 21 to November 25) when there's discounts given by Amazon/Newegg and have them shipped in bulk for efficient usage of funds. Thus, paired with the price of Burst in the market today being low versus bitcoin, it would be a great opportunity to empty out the sell orders left of NEWS Asset and start the open market in the Asset Exchange in this period. It's like hitting a lot of birds with one big rock.
I see this proposal makes sense. However, it all depends on how you (shareholders and prospect investors) see this opportunity.
Thank you for your confidence and continued business.
Happy Bursting Everyone!
N.E.W.S. Asset Team
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I would love to have some heavily discounted drives here in Lithuania to buy :D
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They should rename it from Black Friday to Black Hole in your wallet Friday
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@jervis said in [ANN] The N.E.W.S. Asset launch:
N.E.W.S. is just a side gig for the team, something to do for free beer and the crypto advocacy. No amount of verifications online will ever lead true "insurance" ie: dedicated scammers will fabricate whatever identification they need to fabricate to gain trust. But then, that's what crypto is about, trust, or the lack thereof. I'd point you to <haitch> he has an insurance asset going on, you could put in a hedge there if you want your burst in N.E.W.S. insured 🙂
For us, it doesn't make sense to set aside a huge portion of the asset as insurance. Instead we are putting the burst to work by buying hardware and running them and sending out the profits as they come in.
In the end, it's a business, you guys trust us with your burst, we generate income for you, we take our cut as maintenance fees. win-win situation for all.
Happy Bursting!
NEWS Asset Team
If it is just a side gig for beer money for you and your team, why not back it with your own money?
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Hi Nox,
We actually have backed it with our own money, we have our rigs already in it contributing, we didn't start the asset from scratch/forum asset sales. Again, as I said, it's a business. It really doesn't make fiscal sense to have $2 in assets, and only $1 working, because the other $1 is in "insurance" right? I mean, that wouldn't be fair to asset purchasers, they buy an asset, and then half of it is in insurance because that half in insurance wouldn't be working for them. If they really don't want to "lose" their burst in anything, if they really want it safe, then they should just keep it in their wallets. And if we're going to put in, 1:1 as "insurance" then why issue an asset in the first place? If we can buy everything on our own, we wouldn't offer this to the community in the first place. The premise of the N.E.W.S. asset is simple, people have extra burst, they send it to us, we put it to work for them, we take a cut.
More asset holders = more funds = more equipment = more profits = more commission for us from profits = more beer!
Happy Bursting!
NEWS Asset Team
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I have 300K in NEWS, not enough to get me beer money :( I should put in more. Hoping ZEC will go up a bit more soon so I can dump while Burst is cheap
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@jervis words of truth :) my asset(s) work similar way while i try to minimize risks they are still there (its crypto world and its volatile). The shareholders just get insulated from all of it :) they only risk burst. For me its more than that - my time, reputation, money :)
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November 16, 2016
NEWS Asset Bonus Shares for the mining pool projectStatus: DONE.
Transaction IDs: 7696909427338050022 7156177309334278265 3691063052809189497 1991417092528347621 15660810642475564103 10370466205717152932Happy Bursting Everyone!
NEWS Asset Team
Great Things Happening in N.E.W.S.:
N.E.W.S. Asset website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Trading Charts: http://news.rimvis.lt/
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November 17, 2016
NEWS Asset Bonus Shares for the mining pool projectStatus: DONE.
Transaction IDs: 13053411348121908655 12185015027688392043 7418578411135321237 2079242077192518314 61998872310459317 16909129712619859992Happy Bursting Everyone!
NEWS Asset Team
Great Things Happening in N.E.W.S.:
N.E.W.S. Asset website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Trading Charts: http://news.rimvis.lt/
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N.E.W.S. Milestone (November 18, 2016)
Asset ID: 5892347315238085011
Price per asset: 100 Burst
Dividends: PAID WEEKLY
WEBSITE: https://news-asset.comTOTAL SHARES SOLD: 106,614 NEWS
TOTAL DIVIDEND PAID: 460,569.06 Burst
REINVESTED: 204,697.36 Burst
ASSETS DISTRIBUTED (REINVESTMENT): 2,046 NEWS Shares
ESTABLISHED: Since September 3, 2016NEWS Asset Funds Breakdown:
N (Numerous Asset Management) - 1,588,084 Burst
E (Ethereum/Zcash mining rig) -1,588,084 Burst
W (Wide Variety/Trading) - 2,021,029 Burst
Poloniex wallet address: BURST-3UAL-R3Q6-UQUL-DN82H
Trading in progressS (Standard Burst Mining) - 4,184,480 Burst
On November 1, 2016, we have directed 70% of all NEWS Asset Share sales to the Standard Burst Mining fund for the asset's mining pool project (https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/).
There's 35k remaining NEWS shares in sell order. We will stop selling once the sell order shares are sold out. The motion will continue and dividends will be paid accordingly in its schedule. (NEWS never missed a scheduled dividend distribution). Therefore, the Asset Exchange open market will come in and you may or may not use our gift for all of you, http://news.rimvis.lt/. This is a chart that will be very useful for your trading activities. Thus, shareholders will be earning more than just dividends that NEWS pays out through your share valuation. Also, through our recent project, 10% bonus shares are given to every purchase of NEWS shares until the end of this order/period. You're not only boosting your dividend earnings by 10%, but also you're boosting your potential trading earning potential also by 10% or more.
SPECIAL ANNOUNCEMENT:
N.E.W.S. Asset Team's and shareholder's website: https://news-asset.com.
N.E.W.S. Asset Mining Pool Project: https://news-asset.com/2016/10/29/n-e-w-s-asset-mining-pool-project/
N.E.W.S. Asset Pool: pool.news-asset.com:7080
N.E.W.S. Asset Trading Chart: http://news.rimvis.lt/Please don't forget to mine with our asset-owned mining pool. If you have read our website posting about this project, then you don't want to miss the opportunity to be in the pool and earn more than just your plain mining income. Thank you very much.
Note: The next dividend payout is scheduled on November 19, 2016 at approximately 6 pm EST. It is comprised of Eth/Zec mining, Alt coin Trading, and Burst mining income.
Thank you for INVESTING with Trust and Confidence.
Happy Bursting!
The N.E.W.S. Asset Team
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Can you smell it? The saturday payout from NEWS, its smelling good :D
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DIVIDEND PAYOUT ANNOUNCEMENT (November 19, 2016):
Hi Bursters (N.E.W.S. Asset Shareholders):
Tonight at approximately 18:00 EST will be the Tenth (11th) Dividend Payout of N.E.W.S. This week's Dividend distribution is based on the 3 segments of N.E.W.S. Assets (Ethereum/ZEC mining, Burst mining, and Alt coin Trading).
Also, this payout will include the 30% of our mining pool earning, pool.news-asset.com:7080. The 60% of the pool's income will be distributed to all its miners regardless whether they are NEWS Asset holders or not.
NEWS Asset, the ever evolving and developing asset that stays in one place. Its growth benefits all shareholders old and new alike.
Happy Bursting Everyone!
NEWS Asset Team










