[ANN] FRPoolA (WILL CLOSE SOON!!!!)



  • Hi Guys,
    As I say earlier in the pool topic, I'm starting an asset linked to .fr burst pool.

    Name: FRPoolA
    Asset ID: 17677804299777005904
    Asset Issuer: BURST-RGSF-X5BD-FBPR-2ZM63
    Supply: 1,000,000
    Price: 20
    Dividends: Weekly

    This asset is a diversified asset, and support a bit the Burst price, dividends will come from :

    --> Earmings from altcoin mining and faucets are sent to Poloniex, and comming back in Burst to be distributed.
    --> Don't hesitate to use referal links, this will increase asset revenue.
    --> Mining can be monitored at: http://pool.burstcoin.fr/

    Asset shares selling revenue will going to grow mining capacity on .fr pool miner, purchase community assets shares, and in a second time growing altcoin mining operation.

    About dividends: (Firsrt dividends on sunday 11, december)
    Dividends will be every Sunday/Monday depending on the time to transfer all revenu in burst to the asset address.
    80% of all revenue will be distributed to asset holders.
    20% of revenue will be kept for maintenance, electricity cost, managing etc...

    I will release 10'000 units of FRPoolA this evening as a start, if its going well, I will put some Burst to @haitch and his Insurance asset before releasing any other shares.
    About me: I'm hosting the .fr Burst pool and I'm a verified user by @haitch (thanks again) : https://db.burst-team.us/id.html
    0_1480885178104_idverif.png

    I'm watching the longterm with this asset but if for any reason I can't maintain the asset anymore, I will buy back all shares at initial price.
    If you got any questions or want more informations, feel free to ask !

    Edit:
    0_1481289091818_assetbuild.jpg

    Ben



  • Asset is priced at 20,000,000 Burst or $11,000 at current value...lol



  • I think a better valuation would be 200,000 Burst



  • @nox Hi there,

    As I say, I'm in the longterm with this asset and will not release all shares before a lot of time, all asset revenu will grow with asset sells, we will see where this will go, im not saying this asset will go to that 11k$, but just in case I let me the possibility to do so.

    Ben



  • You're valuing it at $11k right now & asking people to buy in at the $11k valuation.



  • @nox
    And ? where is the problem ? some assets are bigger than 11k$.
    One more time, I will not release all shares in short term, as you say 200K is a better valuation, thats exactly what im selling as start ;) and just to give you an example, 3 rigs for altcoin mining can worth 10k$. So the 11k$ for final goal of an asset isnt that much.



  • Thanks to the first buyers, 507 shares sold :).

    Have a good night all.



  • Hi, I wanted to ask if you have the mining farm already or do you plan to buy the drives etc with the asset funds you gain?
    I have heard there could be ethical and possible legality questions if that is the case.
    Hope others can chime in so it is clear.



  • Hi @MikeMike ,
    First drives are already mining on .fr pool, I will add soon another drive from my own but the rest will be buy consequently to the asset selling revenue.
    I don't think there are any ethical/legality issue as others assets works like that... If somoene can confirm...

    Ben



  • Hi,
    For asset holders, a little status on first asset move:

    Assets Sold: 3013
    Asset Sale Allocation: 10'000 Burst sent to FRPA (mining and holding address) in order to buy BurstOcean asset shares .
    Other: 4tb drive added to the miner (from my own funds) currently plotting 2tb.

    Have a nice evening.
    Ben



  • Hi guys,

    First post just updated with an ugly paint draw ! (Asset build)

    First divi in 2 days will be nice for asset holders, at the time im writing (and at current asset share sale), we are arround 6% ROI.

    Have a nice day.

    Ben



  • [Week 1 FRPoolA]

    Hi there, its D-Day!

    Week 1 Dividends:11'200
    Assets Sold: 5113
    Asset Sale Allocation: 30'000 Burst sent to FRPA address (Assets holding) (70.000 kept on main address)

    .
    FRPoolA (17677804299777005904) Total found assets: 1000000, Assets to be distributed: 5113
    Summary of proposed distribution of 11200BURST to 6
    Based on asset holders at timestamp 73693045

    Number of assets, Account, Payout amount
    1900, BURST-ACGB-YGHQ-G9ZL-5XD7U, 4161.94015255
    1000, BURST-G8DL-CEHW-RZ5S-2SJU8, 2190.49481713
    1000, BURST-X7JB-G8M6-YKKC-CEG2M, 2190.49481713
    513, BURST-DBDQ-TSX4-K9XC-GJV47, 1123.72384119
    500, BURST-PT54-8A45-ZX2L-5426V, 1095.24740857
    200, BURST-BDMK-Z6ZF-7YP6-2ED96, 438.09896343

    Amount paid, Account, TX
    4161.94015255, BURST-ACGB-YGHQ-G9ZL-5XD7U, 1982994020409136463
    2190.49481713, BURST-G8DL-CEHW-RZ5S-2SJU8, 10549389308088866957
    2190.49481713, BURST-X7JB-G8M6-YKKC-CEG2M, 12371614740456332146
    1123.72384119, BURST-DBDQ-TSX4-K9XC-GJV47, 4621870142183771474
    1095.24740857, BURST-PT54-8A45-ZX2L-5426V, 15892856117460130644
    438.09896343, BURST-BDMK-Z6ZF-7YP6-2ED96, 11811050402048193803
    ------------All transactions processed------------
    ROI: 10.9% Not bad. eheh dont expect it to be that huge all time guys ;)

    Detailled Dividends:

    • Burst Mining : 1125
    • .fr Pool fees: 890
    • Surfbar: 78
    • Assets dividends: 15
    • Store sale: 11'750 (I send a part of my store sale as a bonus to the asset dividends)
    • Bonus/Other: 142
    • BTC Faucet: (120'000 Satoshis) Delayed to next week payout (Payment will be sent too late so I delay it to the next week.
    • CPU Mining: (130'000 Satoshis) Delayed to 01/01 dividends ( The site im using (nicehash) have change the payment schedule du to BTC transactions high fees. Im thinking on other mmining pool, but for now, that ZEC mining payout is delayed to the 01/01/17.
      Total: 14'000
    • -20% fee = 11'200

    Asset Value:
    Mining address FRPA got now 7.5Tb of physical drives
    That address is holding the following assets :
    BurstOcean 633.3 0.06%
    CCMINER100 1'200 0.20%
    NEWS 10 0.00%

    The next move will be to add again some Tb to the miner, how I will proceed :
    I buy hardware from my own fiat funds, then transfer the price converted in burst from the asset to my Burst address. Im not selling Burst, to buy hardware.

    Have a nice week end :)

    Ben



  • @BenBurst WOW 10% ROI is amazing haahaha
    Love the idea of not selling the Burst to get the hdds... I like the way you are managing this asset! Best luck to you mate ;D



  • @gpedro Thank you mate :)



  • [Week 2 FRPoolA]

    Hi there, this is our second payout!

    Week 2 Dividends: 5'136
    Assets Sold: 5458 (+345)
    Asset Sale Allocation: Funds kept on main address

    FRPoolA (17677804299777005904) Total found assets: 1000000, Assets to be distributed: 5458
    Summary of proposed distribution of 5136BURST to 7
    Based on asset holders at timestamp 74357066 (Sun, 03 Apr 2016 02:44:26 GMT)

    Number of assets, Account, Payout amount
    1900, BURST-ACGB-YGHQ-G9ZL-5XD7U, 1787.90765848
    1345, BURST-G8DL-CEHW-RZ5S-2SJU8, 1265.6504214
    1000, BURST-X7JB-G8M6-YKKC-CEG2M, 941.00403078
    513, BURST-DBDQ-TSX4-K9XC-GJV47, 482.73506779
    500, BURST-PT54-8A45-ZX2L-5426V, 470.50201539
    100, BURST-BDMK-Z6ZF-7YP6-2ED96, 94.10040308
    100, BURST-BBAQ-GF7D-Z6LX-3U7B6, 94.10040308

    Detailled Dividends:

    • Burst Mining : 2264
    • .fr Pool fees: 1710
    • Surfbar: 69
    • Assets dividends: 104
    • Bonus/Other: 249
    • BTC Faucet: 2024 Burst (converted from BTC)
    • CPU Mining: Delayed to 01/01 dividends ( The site im using (nicehash) have change the payment schedule du to BTC transactions high fees. Im thinking on other mmining pool, but for now, that ZEC mining payout is delayed to the 01/01/17.
      Total: 6'420
      -20% fee = 5136

    Asset Value:
    Mining address FRPA got now 7.5Tb of physical drives
    That address is holding the following assets :
    BurstOcean 633.3 0.06%
    CCMINER100 1'200 0.20%
    NEWS 10 0.00%

    Whats next : I'm waiting on the asset share sale before to expand the asset income, we are not far from 5% ROI this week, last week was more than 10%. Anyway, the next move will be acquiring some more asset shares and expand Burst mining.

    Have a nice day.

    Ben



  • [Update December, 22]

    Hi guys,
    I'll use that template to give you updates on the asset time to time or when I do important move.

    Assets Sold: 10'000 (+4'542)
    First sale done. As explain in the first post, I'll release now another 10'000 shares.
    50% of the initial asset sale value is in insurance asset by @haitch , the insurrance funds will be used to buy back assets shares if I die/disapear/stop paying or anyhting else. I'll send more from my own funds in the futur to keep the insurance credible.

    Total Asset Sale Allocation:

    • Asset's share holding : 80'000 Burst
    • Asset Insurance : 100'000 Burst

    The rest stay on the Asset wallet for now

    Asset Value :

    • FRPA miner: 7.5Tb mining on pool.burstcoin.fr
    • Asset shares holding : 2'299.3 BurstOcean , 1'200 CCMINER100 , 10 NEWS

    What's next ?

    I've bought some more asset share this week, next move will be to get a new hard drive for the FRPA Burst miner.

    ....................

    Merry Christmas @all !

    Ben



  • [Week 3 FRPoolA]

    Hi there, 3rd payout, Merry Christmas guys !

    Week 3 Dividends: 4'976
    Assets Sold: 10'327 (+327)
    Asset Sale Allocation: Funds kept on main address

    FRPoolA (17677804299777005904) Total found assets: 1000000, Assets to be distributed: 10326.37
    Summary of proposed distribution of 4976BURST to 9
    Based on asset holders at timestamp 74974467 (Sun, 10 Apr 2016 06:14:27 GMT)

    Number of assets, Account, Payout amount
    6442, BURST-ACGB-YGHQ-G9ZL-5XD7U, 3104.22655783
    1345, BURST-G8DL-CEHW-RZ5S-2SJU8, 648.11932944
    1000, BURST-X7JB-G8M6-YKKC-CEG2M, 481.87310739
    513, BURST-DBDQ-TSX4-K9XC-GJV47, 247.20090409
    500, BURST-PT54-8A45-ZX2L-5426V, 240.9365537
    276.37, BURST-7LY2-R35G-YR8E-H3YKG, 133.17527069
    100, BURST-BDMK-Z6ZF-7YP6-2ED96, 48.18731074
    100, BURST-BBAQ-GF7D-Z6LX-3U7B6, 48.18731074
    50, BURST-E8CZ-MUKD-QKZT-2S8XR, 24.09365537

    Amount paid, Account, TX
    3104.22655783, BURST-ACGB-YGHQ-G9ZL-5XD7U, 14587740121785623616
    648.11932944, BURST-G8DL-CEHW-RZ5S-2SJU8, 9911861557925421545
    481.87310739, BURST-X7JB-G8M6-YKKC-CEG2M, 8719565595641444489
    247.20090409, BURST-DBDQ-TSX4-K9XC-GJV47, 636930503853555639
    240.9365537, BURST-PT54-8A45-ZX2L-5426V, 17772784007710344291
    133.17527069, BURST-7LY2-R35G-YR8E-H3YKG, 6306760428973822744
    48.18731074, BURST-BDMK-Z6ZF-7YP6-2ED96, 5452247540990284523
    48.18731074, BURST-BBAQ-GF7D-Z6LX-3U7B6, 18349913727405147950
    24.09365537, BURST-E8CZ-MUKD-QKZT-2S8XR, 6750154716404900997
    ------------All transactions processed------------

    Detailled Dividends:

    • Burst Mining : 2'918
    • .fr Pool fees: 656
    • Surfbar: 288
    • Assets dividends: 174
    • Bonus/Other: 1'000 (Christmas gift!)
    • BTC Faucet: 1'183 Burst (converted from BTC)
    • CPU Mining: Delayed to 01/01 dividends ( The site im using (nicehash) have change the payment schedule du to BTC transactions high fees. Im thinking on other mining pool, but for now, that ZEC mining payout is delayed to the 01/01/17.
      Total: 6'219
      -20% fee = 4'976 Burst

    Asset Value:
    Mining address FRPA got 7.5Tb of physical drives
    That address is holding the following assets :
    BurstOcean 2'299.3
    CCMINER100 1'200
    NEWS 10

    What's next ? :
    The next week payout will finally include the CPU mining! I'm looking around to get a cheap drive to add to the FRPA miner, I'll let you know.

    Ben



  • @BenBurst, if you wanna consider another profitable CPU-mined coin, you might also choose XMG. It's CPU-only mining, and you can stake it in XMG-wallet to get additional income, till you convert 'em into BTC prior to distributing weekly divvy.

    If you have a good CPU the result will be quite good. Current price at around 1700 satoshi per 1 XMG.
    You can try it in Suprnova pool.



  • @bitko Hi there,
    Thanks for the info I will take a look,
    But it dont seems to be more profitable than ZEC atm :(

    Ben



  • @BenBurst, hmm...OK then. You know better and I put my trust on this asset, I'm already happy receiving the divvy. :)


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