<PREANN> Gib's mining farm

Gibsalot

@RichBC i would be ok with that , maby delagate a % of the escrow to set a low buy order in the AE so people can cash out if they choose if all 50% was dedicated to this there would be much less growth of the asset after it sells out. and shares sold into that account can be (burnned) not included in Div payout's as well ......... my only concern would be how much Haitch would have to manage on his end as the escrow holder. i dont want being the escrow holder to turn into a full time job managing it.

Dillion

@Gibsalot
If you do a escrow in buy backs no one needs to hold it. Now nothing is stopping you from canceling those buy orders so that is where trust comes in. We have to trust that you'll never cancel the orders. It's a fine line but I'm glad you see where Im going with this.

Gibsalot

@Dillion this is where i would still use Haitch as escrow holder ... as he would place the buy back orders with the escrow fund's so i cant just cancel or change the buy back price

Dillion

@Gibsalot right......also it shouldn't create a lot of extra work....as investors decide to get out and sell into the buy backs all you got to do is exclude the wallet address holding the buy backs from receiving dividends.

Gibsalot

my proposal would be this 50% of share sale funds sent to escrow, held for 3 month's each month after the 3 month hold 50% of the held escrow fund's be used as buy back orders in the AE shares bought by that account will be (burned) , the remaining 50% be sent to the growth wallet to further grow the asset

Dillion

I hope im not trashing your thread with all my crazy ideas but check this out.

Shares that are bought back do not necessarily have to be burned.

Instead of holding coins hostage for future upgrades you could just reissue shares that were bought back. Do not like investors escrow coins being held in the name of future upgrades.
I feel if the asset isn't making enough on its own to set a little bit of earnings back for future funding then something not right..
Sorry again to ramble good luck gibs I'm sure you'll do great

Gibsalot

@Dillion no thats what i want input from the community so i know that when i launch it will be what the community perfer's the only thing i will not budge on is that it is a Burst Mining asset that will have both it's own mining power as well as hold assets that generate revenue from Burst mining or Burst pool fee's.... i want it to stay 100% on the Burst block chain for a stable Burst value not subject to up's and down's of the Fiat value of Burst.... in theory lol i know that people will liquidate assets even ones like this that shold hold value when burst go's throu large pumps

iKnow0

@Gibsalot do you have any spreadsheet earnings projection? by month for the next 12 months...

Gibsalot

@iKnow0 no i do not sorry
im not vary handy at making spread sheest and stuff .... i tend to keep piles of scrap notebook paper and sticky notes of daily stat's but never compile them lol

Dillion

@Gibsalot lol I'm the same exact way. Guess we just really enjoy writing. Just about week ago dove into making spreadsheets and it is way more work than pencil and calculator.

croydan1

@Gibsalot what is your estimated time for 100% ROI on just the first 100K meaning if I invest 1000 Burst how long will it take before I make a profit. The assets that you have invested in, have you gotten 100% ROI on the amount of burst you spent because if you have not then you have 0 (Zero) profit to give away. You have stated that you are Plotting 21TB how many TB are you currently mining with?

Gibsalot

@croydan1 assuming the price per share is going to be 10 burst , and disreguard anything to do with how the escrow work's or effects the asset , also disreguard any income from assets holding as they will play a vary minor roll in my asset effectivly what is there was just me giving it somthing to start with other than the 21 TB's .... with an aprox Burst value in the mid 400's as i feel thats where we have been floating and should drop back to after this new pump. 50% to escrow 50% to add HDD's in the range of 5,000$ USD depending on transaction fee's burst price, BTC price ect ... i would expect to be mining with around 185 TB's that should mine aprox 118k burst per month. with a reduction of 5%-7% per month depending on network difficulty growth and would expect an investor who holds long term to 100% ROI in Burst around 8 to 9 months time.
as for assets they are not the primary of this asset essentuly after i have purchased HDD's what is left over that wont buy a HDD will then be used to purchase asset's off of the AE. ... if we use the escrow as a buy back option and (burn) any assets sold into that option then the amount per share will go up and shorten that time frame as well as for income from held asset's they will shorten the time but am not willing to even look at that math lol also i have no clue how many and of what kind or there ROI expectation's

Gibsalot

at this point im leaning twords a straight 50% escrow that will go direct to placing buy orders in the AE at 50% of the issue price that will be the least amount of work for haitch to manage on his end as escrow holder. and will provide an Out for any investor who wants to liquidate wile at the same time there will never be a need for anyone to plead with haitch to release the escrow in the event somthing happends to me as it will alredy be in place. aslo i will exclude any asset's that have been sold into the escrow buyback system from Div payouts witch will only increse Div's for long term holder's

croydan1

@Gibsalot thank you for that informative answer and I really like the ROI ! Keep going I also like the buy back option it works very nicely for the numbers. BTW I am jealous at the amount of burst you are mining but I know that I will get there soon.

Gibsalot

@croydan1 im not mining that much right now , thats how much i would be mining after the first 100k shares sell and if the prices are around what i calculated them at. currently i have been mining aprox 13k - 14k per month with 21TB mining power

manfromafar

Do you have any plans on rebuying assets and burning them in a sense? Makes the asset rarer over time and payout more to loyal owners

Gibsalot

@manfromafar thats essentuly what the 50% escrow will be used for if i go with current input. basicly each share sold 50% go's to more HDD's and 50% go's to escrow account to be placed in the AE as buyback orders at 50% of issue price... any shares sold into that buyback escrow account will be (burned) and excluded from div payouts. its impossible to delete or get rid of shares . the closest you can get is locking them in an account and adding that accounts burst address to the list of accounts not to send div's out to

manfromafar

@Gibsalot said in <PREANN> Gib's mining farm:

@manfromafar thats essentuly what the 50% escrow will be used for if i go with current input. basicly each share sold 50% go's to more HDD's and 50% go's to escrow account to be placed in the AE as buyback orders at 50% of issue price... any shares sold into that buyback escrow account will be (burned) and excluded from div payouts. its impossible to delete or get rid of shares . the closest you can get is locking them in an account and adding that accounts burst address to the list of accounts not to send div's out to

Correct assets can never be revoked "yet" on the chain. Just didn't know if you were going to have the buyback in place but then also resell the bought back assets after your initially run through all original shares

Gibsalot

@manfromafar no id rather Burn them making the amount of shares smaller and over time drive the value of the asset up.

Gibsalot

@manfromafar i plan on running this asset for a vary long time , but in the event somthing happeds and i do have to close it down. by burning the shares with the Escrow it just means there will be that many fewer shares out there that would have to be bought back at full issue price as well