HiDevin? {ANN}

[mikejoe]

@HiDevin more drives

[Shoiji]

@HiDevin I think investing into more drives is much more efficent atm. Most assets base on mining power(at least the most, with an high percentage). More drives means less fees, than assets, this means more proft. Also the risk is less widley spread. Also there is now risk for low or no dividens on assets. I think 10% reinvest seems good.

[HiDevin]

@Shoiji I changed the dividends to 85% because you won't earn anything while reinvesting into drives until we get more drives, which is why im taking a 5% fee now

[Shoiji]

@HiDevin

@HiDevin said in HiDevin? {ANN}:

I changed the dividends to 85% because you won't earn anything while reinvesting into drives until we get more drives, which is why im taking a 5% fee now

What do you mean with this? Aren't the other drives not mining while the new ones are orderd?

5% fee completly ok :D most have a 10% or hold 25% of the shares.

[HiDevin]

@Shoiji I mean like if i was investing into drives, the payouts are lower because im not getting payouts from other assets, so I increased the dividends, to compensate for no dividends from assets that im not investing in, and it takes a while to to buy another external drive with a 10% reinvestment.

[Shoiji]

@HiDevin That's right... I just crushed the numbers in my head and came to around 10 month... That's really a long time. So yeah, it's probably a good Idea to invest in some save assets, which are sellable, for a good price, to buy a new drive :D

[HiDevin]

@Shoiji understandable, so im thinking either to increase the reinvestment % and decrease dividends % to buy drives faster.
OR
keep the same right now and invest into assets, and liquidate them for drives in the future? How bout that?

[Shoiji]

@HiDevin The second options seems good, less dividens means less potentional new buyers. As long as the asset is still issued, this doesn't seem so good. The question with the assets is, do you want to pay out the asset dividens or do you just want to hold the assets only as part of the reinvestment fond, to buy new drives

[HiDevin]

@Shoiji Yeah, but if I hold assets, I can sell it for BURST, but some of the asset prices might go down/unstable.

[kolture_klash]

@HiDevin I think drives now are worth more that assets for now. Lets use the reinvestment to buy more drives. As things stands now the profit from drive seems more that most assets can pay.

[HiDevin]

i've decided to go with
85% dividends
10% reinvestment to drives
5% fee

because I see drives being more profitable in the future than assets atm

edit: im changing my mind
85% dividends
15% reinvestment to drives
0% fee

[falconCoin]

@HiDevin looks good

i plan on doing similar, reinvestment is a good idea, good job

[HiDevin]

here's the dividends. :p

HiDevin (8094717548345959327) Total found assets: 1000000, Assets to be distributed: 33729.3
Summary of proposed distribution of  62BURST to 22
Based on asset holders at timestamp 89494190 (Sun, 25 Sep 2016 07:29:50 GMT)
----------------------
Number of assets, Account, Payout amount
12000, BURST-JJ7A-8EH8-NW9D-3A4G6, 22.05797333
10496, BURST-GM6S-4S2E-YFFY-DA6NN, 19.29337401
3000, BURST-4G8L-Q6ME-KM5M-43W4L, 5.51449333
2451.3, BURST-CA3W-MHL8-U4PE-5TT8K, 4.5058925
2433, BURST-DMJR-NVB4-RRRG-9MFEZ, 4.47225409
1000, BURST-LNEU-GE3V-DWPU-44L3E, 1.83816444
879, BURST-5QCS-RZJK-RD6F-FPJ6G, 1.61574655
510, BURST-WKZ8-K7CG-XAV7-9TTAS, 0.93746387
249, BURST-8L9F-X5H3-RTVG-BYKBM, 0.45770295
240, BURST-Q8K4-J6AS-RY6X-7N529, 0.44115947
200, BURST-DVHJ-DMAT-QXVU-HU5RK, 0.36763289
100, BURST-KYYQ-D2CU-JFMG-H9G7B, 0.18381644
63, BURST-VX6R-BJXQ-XNPL-G2SGG, 0.11580436
40, BURST-L47J-TKLH-7D4N-HC7UF, 0.07352658
32, BURST-F4SJ-K8TA-YLEA-59V9C, 0.05882126
18, BURST-4JCK-SG4K-XDBV-53YU7, 0.03308696
10, BURST-MVNH-5M3W-DUJC-DBGB7, 0.01838164
4, BURST-23T9-DRRQ-4YTA-EBV44, 0.00735266
1, BURST-NVLT-VHB4-LJLY-HCXRR, 0.00183816
1, BURST-USNH-DUG5-YYTW-EXPKA, 0.00183816
1, BURST-82J9-MGRS-4WJY-6942D, 0.00183816
1, BURST-TUV4-NYRQ-88UX-AQDWY, 0.00183816

enjoy! the rest have been sent to polo, and i updated my previous post, as im not taking a fee anymore.

[HiDevin]

Also, will be adding my gpu miner ( edit:nicehash mining )
it's not going to be 24/7 its kind of a donation by me, to get the drives faster cheers!

Wanna check it out?: https://www.nicehash.com/index.jsp?utm_source=NHM&p=miners&addr=18LaVdDWskKQBJdBgWXGzZL2hXbRuCZ6qQ
*hasn't found a share yet, but sooner or later it will!

[cashgold]

@HiDevin nice job ,

[HiDevin]

plotting the last 1.5 tb from two drives, then will start mining with eth with GPU
and cpu mine BURST.

[HiDevin]

Asking for another opinion?
since last payout, from mining 118 BURST was made, about 20% of it is gone, due to fees,

since the network transaction fee is 1 BURST, so I was thinking to do this every other day or weekly?

This will cut down on fees, I have to send, I mean like I don't mind sending daily dividends, it don't phase me, but like it cuts out on most of the profit we could have got, like that extra 22 BURST that went to transaction fees, tell me if you want daily dividends still down below or if you don't.

[falconCoin]

@HiDevin see you should have stayed at our pool @darindarin hit two more blocks since you left :p

[HiDevin]

@falconCoin I don't mind about that, im just asking for people's opinion because mining daily is taking a toll on how much fees im dishing out

[falconCoin]

@HiDevin i know but you left us cause you didnt get paid daily...

But heck even weekly would be less fees and more BURST in every bodies wallet