Idea for new mining based asset serie

ccminer

@ccminer I'm waiting for @haitch to go forward in this project

haitch

@ccminer Got your emailed ID, and can verify that the ID contains the same address given to me. So I'll provisionally give you verification pending the physical copy.

https://db.burst-team.us/id.html

H.

ccminer

@haitch Thank you very much
I'll attach again the link you gave me to check my verification status https://db.burst-team.us/id.html

I'll procede to write the official release about my project soon!

ccminer

Well I guess the response has been quite positive!
So I decided to issue the asset ASAP.
Thank you folks for your positive feedbaks

ccminer

I'm following the disussion here: https://forums.burst-team.us/topic/2414/asset-durations/11 about a very crucial point that all the asset issuer should take into consideration since day 0 of asset existence!
After I'll have taken my decision about it I'll share here with you folks before the official announcement and the asset issuance!!

ccminer

I decided how to act in case the minig will get unprofitable and I'll be force to close the asset!

I'll sell all the HD I purchased with the asset money minus a fee for me
All the money I'll get from selling the HD will be convertend into burst and I'll start to buy back the asset quantity sold, to liquidate the asset.

Feedabacks are welcomed

vier23

@ccminer Sounds fair. Will likely purchase a few assets when you release - hopefully soon:)

ccminer

@vier23 Thank you
I'm working in order to keep this asset and the others that will follow as more fair and profitable as possible!
I'm going to issu this first asset very soon, an announcement will follow!

ccminer

I am ready to lauch this new asset in few hours but before I would like to be sure about the very last detail!
As @IceBurst suggested instead of issue 10 different assets for 10 TB each, just issue 1 with 1*10 the quantity. Like this it will be easier for me the manage the payouts. My question is, if I'll proceede like this, and I'll issue a 5 000 000 units asset intead of 500 000, and I'll release into the market 500 000 units each time I want to purchase 10 new TB, the guy that will buy the initial 1 unit will be paid accordingly to 5 000 000 units in total and not the 500 000 I released so it will get 10 times less than what he/se will be supposed to get am I correct?
I write an example that maybe my explanation ain't clear enough:

I issue a 5 000 000 units total I relase 500 000 units, the total payout for 10 tb is around 500/600 burst daily
If someone will buy 1 unit of my asset will receive 1 / 5 000 000 total = 0,00012 burst per day
I issue 500 000 units each 10 tb (10 different assets), the total payout for 10 TB If someone will buy 1 unit of my asset will receive 1 / 50 000 total = 0,0012 burst per day (10 times more than example number 1)

I guess that issue 10 different assets each 10 Tb is better for the investors than issue 1 of 100 TB.
If I did some mistake please bear with me today is sunday ;)

After I'll clear this point I'm ready to issue the asset!

LithStud

@ccminer well you should just calculate dividends by actuals shares in other accounts (means excluding issuers account ;))

ccminer

@LithStud I'll use the plugin at the wallet that will calculate automatically.
But my point is that it will calcultate the issuer shares even if it will not payout or it will ignore them?

LithStud

@ccminer there is input for excluding accounts if memory serves me right

ccminer

@LithStud Yeah I know but I wanted to know if it will siply not pay the issuer but count his shares or it will ignore them completely.
In case 1 I think it is better to issue 10 different assets
In case 2 I think it is better to issue 1 asset with 1 x 10 quantity

haitch

@ccminer you need to specify the Asset account as excluded from payout - that way the proper amount will go to the actual investors.

ccminer

@haitch So you suggest to proceede with 1 asset instead of 10 different assets?

haitch

@ccminer definitely - you'll lose your mind trying to keep track of 10 different ones. Create an asset with 5M shares, release 500K for sale, get the drive, plot and pay, when ready for another drive, release another 500K, plot and pay ..... repeat until all released.

ccminer

@haitch Thank you I wanted to be sure about this point before proceede in order to give the best options to my investors ;)

ccminer

ASSET LAUNCED FOLKS

https://forums.burst-team.us/topic/2466/ann-ccminer_100tb-new-asset/