[PRE ANN] Minero100

[rattle99]

@aitor The thing is, I know nothing about assests and how they work, can you point me to some resources?

[aitor]

I don't know any website where it's explained but it's like a normal stock market. You buy one asset and then you get the dividends generated for the asset.

I'm going to sell 1 share for 1.7038007863695928 Burst so you will get the burst that 1GB can generate.

[Marc]

@aitor How will you cope with the in-built decrease of value in mining? Which is basically determined by two given factors,

1. 5% decrease of block reward each month (hope im still correct on this) and

2. difficulty of mining rising in General as more and more People start to mine, thus more and more People fighting for the same Piece of cake which naturally only can get smaller over time for each of them?

[aitor]

Hello @marc!

You have to keep in mind that as point 1 and 2 happens, the currency is revalued.

Two weeks ago when I started mining Burst, 1000 Burst amounted to $ 9. Today, it's about $ 14. I do not know how much percent is this but about 50% revaluation in just two weeks. Not bad!

I'm going to have disks for personal use connected in the same miner with which I will go giving bonus as we reach important milestones. So this will help to get the maximum return on investment.

[Marc]

@aitor 2 weeks ago Burst against the $ was virtually the same as today if not higher, but most certainly not 9.-. Price for 3-4 weeks now is stable against BC and $ hoovering around 600 Satoshis +-10% max and 140-150$ each 10.000 Burst.

[aitor]

Of course, this is more an act of faith than anything else. I rely on burst because I like that almost anyone can join with the free space on his hard drive. But I do not know if that will be what most think. The "proof of stake" coins seem to be the future and, however, the "proof of work" that looks worse are the ones that now rule. Who knows!

[Hyzi0]

@aitor I don't think that POS is future^^it has its flaws if you read about it. (e.g. https://blog.sldx.com/whats-wrong-with-proof-of-stake-77d4f370be15)
POW has this extreme power consumption and hardware usage and POC is IMO the best thus far.
I think that mining burst is great idea especialy now as we can reach ROI in ~7months and I love that ppl give easy opportunities to do it^^ The only think I'm afraid is that you have significant competition and you might not get enough investors to even start your asset^^

[aitor]

@Hyzi0 thank you for the link, I'm going to read it now.

I told that POS it's the future because in its approach seems the most logical option. However, they lack community around them and the fact that the rich is always richer it does not help. Anyway, my asset is already created, I just did it a few minutes ago!

[aitor]

Here it's the link for the ann: https://forums.burst-team.us/topic/6293/ann-minero200tb

First shares ready to buy!

[rattle99]

@aitor Hey!
Placed an order for 10 shares as of now(just trying out assets, I am new to this)

[aitor]

Thank you for your interest in this asset. I'll pay you next monday from the bursts from yesterday to then.

[Marc]

@aitor I started buying your shares today with Micky Mouse Money so far and will continue to do so prob. - just because Im curious and would like to support your efforts so far a bit.

[aitor]

Thank you! I just changed the pool I was mining because it was down, it looks there is a massive DDOS attack to most of the pools at this moment. I'm mining now at http://falconburstpool.xyz/