elective-stereophonic
elective-stereophonic
SAAS
singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: [1] 2 3 ... 26

Author Topic: SAAS  (Read 70662 times)

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
SAAS
« on: September 02, 2014, 02:12:28 am »


Asset ID: 14225517118742712534 - SAAS
Asset ID: 8053572465089824743 - SAAS2

Over the next few weeks there will be some significant changes to SAAS that will strengthen the asset and reduce risk to shareholders.


First off, we will no longer be limited to Scrypt as the asset was originally intended.  The roadmap for the next few weeks will split up the hash power as follows.
Scrypt - 40%
SHA - 20%
POS/Staking - 40%

Each mode of hash will be split among various providers as well to reduce exposure, should one provider not deliver.
Scrypt - LTCGear/Genesis/Chabat
SHA - Genesis/KNC Cloud/Hashnest
POS/Staking - GAW Stakers/XPY coins/BTCD coins

In addition to the staking reward for dividends, stockpiling POS coins also provides some added security for shareholders.  In the unlikely event that all mining providers fold, the coins themselves can be traded to payout shareholders and close the asset.  Over time, I intend to build the coins held to match the original investment into SAAS, 1,375,000 NXT.

In order to expedite this transition SAAS2 has been issued.  These shares will be offered at 1 NXT each.  I will retain 5% personally.  Shares will be put up for sale after Dec 28th dividend payment is sent out.


If anyone has had positive experience with any other providers, please send me a link so I can do some research.

Next steps:
1) Create a new asset to be merged into the original SAAS offering (SAAS2).  2,500,000 shares will be offered at 1 NXT each and dividends will be 1/50th of the original shares.  50% of dividends will go to SAAS and 50% will go to SAAS2 after the first 40% has been put into re-investment.
2)Convert Zen Hashlets to Stakers, either by upgrading (hopefully Dec 29th when Paybase goes live) or by selling on marketplace to repurchase.

3) Purchase SHA Hash rate up to the desired %
4) Put up buy offers of XPY and BTCD at exchanges to start staking.

As mentioned, it will take some weeks to make the full transition outlined above.  Regular updates on progress will be posted here.
Current holdings: Dec 27th 2014
Scrypt - LTCGear - 14,487.3 MH/s before multiplication
Scrypt - LTCGear - 100 2nd gen shares
Scrypt - Genesis - 150 MH/s
Scrypt - GAW - 450 MH/s Zen Hashlets
Scrypt - Chabat - 220 MH/s
Stake - GAW - Hash Staker x5 + 5 XPY
Stake - XPY - 46.45 coins

I know this is a significant change.  I appreciate your support as we move towards SAAS 2.0.

Original OP


SAAS aims to correct 2 significant drawbacks of mining shares/contracts.

1) diminishing returns
2) decreasing share value

40% of all revenue generated by SAAS will be re-invested to increasing Hash rate, the other 60% will go back to shareholders via dividend payouts. As hash rates in SAAS increase so does your dividend and therefore your share value.

100% of funds generated by initial share offerings go directly to purchasing more Hash rate to increase SAAS holdings.

There are a total of 50,000 shares

Batch 1 share offer = 5,000 SAAS @ 15 NXT each   Sold Out!
Batch 2 share offer = 10,000 SAAS @ 25 NXT each  Sold Out!
Batch 3 share offer = 12,500 SAAS @ 35 NXT each  Sold Out!
Batch 4 share offer = 5,000 @ 60 NXT each   Sold Out!
Batch 5 share offer = 5,000 @ 65 NXT each Sold Out!

10,000 shares will be held for future offering as Scrypt Asic technology improves and prices come down.  Share holders at time of last offering will be notified and offered remaining shares prior to public release.

12,500 shares will be retained by me for the initial MH to start SAAS.  I have a vested interest in the success of SAAS and will do all I can to ensure all shareholders are getting value for their hard earned NXT.

Revenue from all 5 asset releases bring the asset up to approximately 5,300 13,700 MH/s and increasing weekly from there.

First dividend payout is scheduled for Monday September 8th 2014 and every Monday after.

Regular updates on Twitter @SAASonNXTAE

Asset ID: 14225517118742712534

Dividend Wk 1= 0.50778465 BTC = 6,507 NXT

Dividend Wk 2= 1.018577 BTC = 12,885 NXT

Dividend Wk 3= 1.49051908 BTC = 20,189.5 NXT

Dividend Wk 4 = 2.64739487 BTC = 35,157.4 NXT

Dividend Wk 5 = 4.27773834 BTC = 57,419.3 NXT

Week 5 details
Week 6 details
Week 7 details
Week 8 details
Week 9 details
Week 10 details
Week 11 details
Week 12 details
Week 13 details
Week 14 details
Week 15 details



Affiliate links for providers used by SAAS.  100% of affiliate income goes to purchasing extra MH/s for SAAS asset.


LTCGear
Hashlets
Genesis - use code - tc2vJq - to get 2.5% discount when purchasing MH/s.


« Last Edit: February 06, 2015, 12:11:30 am by Ikonic »
Logged
SAAS Asset Id: 14225517118742712534

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #1 on: September 02, 2014, 05:17:08 am »

Hi, welcome to nxt.

There were a lot of Nxt scam lately. You should give more detail about your business if you want to get people thrust. Btw, @35Nxt, 15 000 shares worth about 13000$ dollars. This seems way over the value of 211MH these days. You said yourself that you will be able to get 1200MH from the 675000Nxt that you want to raise.  TY
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #2 on: September 02, 2014, 09:40:31 am »

Hi, welcome to nxt.

There were a lot of Nxt scam lately. You should give more detail about your business if you want to get people thrust. Btw, @35Nxt, 15 000 shares worth about 13000$ dollars. This seems way over the value of 211MH these days. You said yourself that you will be able to get 1200MH from the 675000Nxt that you want to raise.  TY

Thanks, I have read about quite a few scams here in the forum.  I want to gain trust here and will answer any questions fully.

I did my math for 15,000 shares based on 15 NXT each, as the first batch price.  My share dividends also cover all transaction fees for disbursement and managing the asset. 

I thought this was a better way of doing it rather than variable asset costs affecting disbursements.

Ike
Logged
SAAS Asset Id: 14225517118742712534

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #3 on: September 02, 2014, 09:50:11 am »

Do you plan to run your business anonyously? There are other mining business here and we know the real name of the operator.
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #4 on: September 02, 2014, 06:05:07 pm »

Do you plan to run your business anonyously? There are other mining business here and we know the real name of the operator.

My real name is Ike Connolly.  Been signing my posts, no attempt at remaining anonymous.

Thanks
Ike
« Last Edit: September 02, 2014, 06:17:21 pm by Ikonic »
Logged
SAAS Asset Id: 14225517118742712534

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #5 on: September 02, 2014, 06:19:09 pm »

how did heard from Nxt?
why you choose the Nxt asset exchange?
Do you know some people in the Nxt community?
How do you plan to keep the stakeholder update related to the management and growing of the pool hash power?
Thanks for anwerering my questions.
« Last Edit: September 02, 2014, 06:29:08 pm by Sebastien256 »
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #6 on: September 02, 2014, 08:01:00 pm »

how did heard from Nxt?
why you choose the Nxt asset exchange?
Do you know some people in the Nxt community?
How do you plan to keep the stakeholder update related to the management and growing of the pool hash power?
Thanks for anwerering my questions.

I appreciate the questions Sebastien256.

After several months of trying to find my feet in the Crypto world I stumbled on BTCD.  This was shortly after jl777, James joined the development team.  After being an avid follower of the BTCD thread for the past couple months I really liked the potential that NXT and NXT AE offer.  I had heard of NXT prior to that but didn't pay it much mind. 

I do not know any in the NXT community personally but I do have alot of respect for those that have been involved on the BTCD thread.  I am sure I will get to know more as I become more involved here.

As for communicating to shareholders, I take this very seriously.  I will be posting on this thread when additional hash rates are acquired, weekly dividend payouts are sent and any other updates regarding the asset.  I have also created a Twitter account @SAASonNXTAE for regular status updates on the asset.

Thanks
Ike
Logged
SAAS Asset Id: 14225517118742712534

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #7 on: September 02, 2014, 09:43:56 pm »

Only 2,364 shares left at 15 NXT each.  Get in on the lowest priced shares for the best ROI.

Ike
Logged
SAAS Asset Id: 14225517118742712534

FearTheReaper

  • Full Member
  • ***
  • Karma: +9/-5
  • Offline Offline
  • Posts: 173
  • New money, old world.
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #8 on: September 03, 2014, 02:23:23 am »

5,000 SAAS @ 15 NXT each
10,000 SAAS @ 25 NXT each
10,000 SAAS @ 35 NXT each
TOTAL 675,000NXT @ .028550cents = $19,271.75   

Are we talking 1,200,000 KH/s when all shares are sold or am I converting wrong? Also what is your electricity rate?
Logged
Building financial freedom, One block at a time. NXT: 15064961682257460641

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #9 on: September 03, 2014, 03:13:26 am »

5,000 SAAS @ 15 NXT each
10,000 SAAS @ 25 NXT each
10,000 SAAS @ 35 NXT each
TOTAL 675,000NXT @ .028550cents = $19,271.75   

Are we talking 1,200,000 KH/s when all shares are sold or am I converting wrong? Also what is your electricity rate?

You are correct in your conversion.  An estimated 1,200 MH/s of scrypt once all shares are sold.  There are currently 211 MH/s as part of the asset that I have already purchased. The sale of shares will purchase an estimated 1,000 MH/s more.  The exact hash rate will depend on NXT trade value.

So far the hash is hosted on ZenCloud and produces an average over the past week of 0.00050000 BTC / MH/s / day after hosting fees. This value will likely decrease as coin difficulty goes up and market values change.  The intent of SAAS is to increase MH/s quicker than difficulty, therefore increasing your weekly dividend and share value.  As the asset is established, hash rates will be purchased from other reputable companies as well to minimize risk for SAAS.

Hope this answers your question.
Thanks
Ike
Logged
SAAS Asset Id: 14225517118742712534

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #10 on: September 03, 2014, 03:16:36 pm »

If I understand ok, first dividends will include two weeks of mining, then 1 week of mining every weeks after?
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #11 on: September 03, 2014, 09:54:37 pm »

If I understand ok, first dividends will include two weeks of mining, then 1 week of mining every weeks after?

That is correct.  The 2 weeks for first dividend gives a better payout initially as shares are sold to purchase more hash rate.

Edit: First dividend payout schedule changed to Monday September 8th.
« Last Edit: September 04, 2014, 02:14:03 pm by Ikonic »
Logged
SAAS Asset Id: 14225517118742712534

FearTheReaper

  • Full Member
  • ***
  • Karma: +9/-5
  • Offline Offline
  • Posts: 173
  • New money, old world.
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #12 on: September 03, 2014, 10:24:43 pm »

Currently your bringing in 0.1055BTC a day? (211*.0005)

I took a risk and purchasing some. If you want more people to trust you and buy assets, you may want to state some personal details, history, etc.. perhaps what country you live in and a picture of an ID with everything but they name edited out.. people want recourse if they get scammed..
Logged
Building financial freedom, One block at a time. NXT: 15064961682257460641

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #13 on: September 04, 2014, 01:55:02 am »

Currently your bringing in 0.1055BTC a day? (211*.0005)

I took a risk and purchasing some. If you want more people to trust you and buy assets, you may want to state some personal details, history, etc.. perhaps what country you live in and a picture of an ID with everything but they name edited out.. people want recourse if they get scammed..

It fluctuates some but that is the accurate average over the past 7 days.  I have updated Twitter with some of the detail you have requested.  @SAASonNXTAE

You could also look at my LinkedIn profile for some background on me.  I have an uncommon name so I am easy to find.

Thanks
Ike
« Last Edit: September 04, 2014, 02:23:43 am by Ikonic »
Logged
SAAS Asset Id: 14225517118742712534

FearTheReaper

  • Full Member
  • ***
  • Karma: +9/-5
  • Offline Offline
  • Posts: 173
  • New money, old world.
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #14 on: September 04, 2014, 04:38:37 am »

Any idea what is going on here? This asset is for actual hardware and hosting and not hashlets, correct? (sorry, this the first mining asset I've bought)

https://bitcointalk.org/index.php?topic=760175.0
https://bitcointalk.org/index.php?topic=720844.0


thanks Ike!
« Last Edit: September 04, 2014, 05:07:26 am by FearTheReaper »
Logged
Building financial freedom, One block at a time. NXT: 15064961682257460641

nacer

  • Jr. Member
  • **
  • Karma: +2/-3
  • Offline Offline
  • Posts: 57
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #15 on: September 04, 2014, 05:56:03 am »

FearTheReaper,

If you want prime hashlet asset you should check mine : https://nxtforum.org/assets-board/(ann)-mining-asset-scryptmh/

I have been running this one for 15 days now.

Logged
Scryptmh Mining asset

NXT : NXT-9SYB-C2GF-JA2X-2R4S3

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #16 on: September 04, 2014, 07:20:57 am »

Any idea what is going on here? This asset is for actual hardware and hosting and not hashlets, correct? (sorry, this the first mining asset I've bought)

https://bitcointalk.org/index.php?topic=760175.0
https://bitcointalk.org/index.php?topic=720844.0


thanks Ike!

I have also read these threads thoroughly.  I still chose to invest in the purchase of 211 MH/s as Hashlet.  My experiences with GAWminers have been positive.  The initial 1,200 MH/s are planned to be Hashlet as shares are purchased.  As mentioned in an earlier post, future MH/s will be spread out to other companies to minimize potential risk to SAAS.

Ike

Logged
SAAS Asset Id: 14225517118742712534

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #17 on: September 04, 2014, 07:35:36 am »

FearTheReaper,

If you want prime hashlet asset you should check mine : https://nxtforum.org/assets-board/(ann)-mining-asset-scryptmh/

I have been running this one for 15 days now.

Different strokes for different folks.

These are 2 very different offerings.

scryptmh - High initial cost and dividends that will decrease over time, in turn reducing share value.

SAAS - Lower initial cost and dividends that increasing over time.  Likely to increase share value.

Just ask yourself.

Do I want to get a quick return and dump or do I want to buy low and HODL?

Decide based on your own investment strategy.

Thanks
Ike

P.S.  Some may take a balanced approach and buy some of each.
Logged
SAAS Asset Id: 14225517118742712534

nacer

  • Jr. Member
  • **
  • Karma: +2/-3
  • Offline Offline
  • Posts: 57
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #18 on: September 04, 2014, 08:31:44 am »

Ikonic,

I think your mostly right for the investment strategy.

But why scryptmh initial cost cost more than SAAS at start ?

They buy the same thing with the invested money ?
Logged
Scryptmh Mining asset

NXT : NXT-9SYB-C2GF-JA2X-2R4S3

Ikonic

  • Full Member
  • ***
  • Karma: +35/-6
  • Offline Offline
  • Posts: 224
    • View Profile
Re: ANN - Scrypt Asic Advanced Shares (SAAS) Initial Asset Release
« Reply #19 on: September 04, 2014, 02:08:59 pm »

Ikonic,

I think your mostly right for the investment strategy.

But why scryptmh initial cost cost more than SAAS at start ?

They buy the same thing with the invested money ?

The difference in initial cost of shares is due to the different asset models.

scryptmh - share cost is the value of 1 MH/s with 10,000 shares

SAAS - share cost is not tied to a specific amount of MH/s as this number will increase over time.  There are a total of 50,000 shares offered.

I hope this clarifies the difference for you.

Ike
Logged
SAAS Asset Id: 14225517118742712534
Pages: [1] 2 3 ... 26
 

elective-stereophonic
elective-stereophonic
assembly
assembly