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Author Topic: Multi mining asset idea  (Read 909 times)

QuiteHung

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Multi mining asset idea
« on: December 08, 2014, 11:25:38 am »

Ok, since there seems to be a lot of room here for mining assets i'm going to take a chance and throw an idea out to the community. Should it be accepted, it can turn into reality.

Multihash - the safe(r) hashing sollution

We all put a lot of faith in ltcgear and enjoy the huge returns but what if it fails tomorrow? What then? We're left off with all these dead mining assets...

What i'm proposing is to diversify the hashing, for safety. Of course, the returns won't be as high, but at least they will be consistent. Also, i suggest a 50-50 reinvest/payout ratio so that the hashing power can increase super fast and so will the payouts in time. By going with the 50-50 ratio we can bypass the rising difficulties and keep increasing return.
So here's where i would like to put the money:

These are chunks of 20% each:

1.Ltcgear

2.Zeus hash (combined bitcoin and lite)

3.Hashnest -i still see potential in bitmain's cloud, and the returns so far have been acceptable. Plus, a lot of people are selling their hashrate cheap so that they can run to higher paying companies, which is a huge plus for us in our case

4.Hashie.co - although new on the market, they have ok payouts and work together with amhash.

5.I'm open to suggestions on this one.


Because i'm a newbie on the forum i don't expect anyone to trust me with their money, and that's why i'm asking any respected and trusted member that reads this to lend a hand/take over. I would like 3 people to stear this : one to have the mining accounts, one to have the 2FA for them , and one who takes care of the payouts and dividends. Each ''management'' guy gets a 1% of all the sold shares, so practically we would charge a 3% management fee.

Also, why not just issue 100 billion shares or so for 1 NXT each, and of course pay dividend only for the ones sold, just in case this turns out to be a success that we can keep growing for years to come, and not have to issue 1000000 other assets to do the same thing.

Just throwing ideas out there ... i hope it catches on though.

PS: the expected weekly ROI sould be somewhere arround 1-2% per week to begin with (someone do the math on this one - i have a handicap here) , and ever increasing in time.

Honestly, i don't give a flying butterfly if i will be part of the management or not, but i would definitely love to be a shareholder. You need money to make money, and hashing for the averege/poor user is not an option, unless he's part of something bigger.

So yeah, this is my 2 NXT. Waiting for feedback.
« Last Edit: December 08, 2014, 11:58:55 am by QuiteHung »
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RAlex

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QuiteHung

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Re: Multi mining asset idea
« Reply #2 on: December 08, 2014, 12:58:00 pm »

We already have one. Called SAAS.

https://nxtforum.org/asset-exchange-general/ann-scrypt-asic-advanced-shares-(saas)-initial-asset-release/

True. But SAAS only focuses on scrypt as far as i understand. What i'm suggesting is a blend of scrypt and bitcoin mining in case one fails, and 5 places to hash for the same reason. I'm not saying SAAS isn't great, don't get me wrong, it's just that i think it's not diversified enough. Call me paranoid.
In case i'm wrong, feel free to correct me.
« Last Edit: December 08, 2014, 01:11:38 pm by QuiteHung »
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printshop

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Re: Multi mining asset idea
« Reply #3 on: December 08, 2014, 01:45:20 pm »

Ok, since there seems to be a lot of room here for mining assets i'm going to take a chance and throw an idea out to the community. Should it be accepted, it can turn into reality.

Multihash - the safe(r) hashing sollution

We all put a lot of faith in ltcgear and enjoy the huge returns but what if it fails tomorrow? What then? We're left off with all these dead mining assets...

SafeHash and ltc2nxt3 both have guarantees, that prevent the investor from losing the original 1 NXT they paid for the asset (in ltc2nxt3's case, it's 25 per asset). Also, I will say in advance, if you catch my drift, that any asset using SafeHash or ltc2nxt3 as a base will automatically benefit from that insurance...

What i'm proposing is to diversify the hashing, for safety. Of course, the returns won't be as high, but at least they will be consistent. Also, i suggest a 50-50 reinvest/payout ratio so that the hashing power can increase super fast and so will the payouts in time. By going with the 50-50 ratio we can bypass the rising difficulties and keep increasing return.

This is pretty much exactly how SafeHash operates, but with an added layer of protection; We never sell shares beyond what we have the means to insure. The net profit first goes towards backing the fund, so that we may sell more shares, or optionally is retained by the parent company (KNS).

Because i'm a newbie on the forum i don't expect anyone to trust me with their money, and that's why i'm asking any respected and trusted member that reads this to lend a hand/take over. I would like 3 people to stear this : one to have the mining accounts, one to have the 2FA for them , and one who takes care of the payouts and dividends. Each ''management'' guy gets a 1% of all the sold shares, so practically we would charge a 3% management fee.
...
Just throwing ideas out there ... i hope it catches on though.
...
So yeah, this is my 2 NXT. Waiting for feedback.

You have some really good ideas here. I tried to create an initiative just like this -- with SafeHash. Everyone I talked to told me they were not interested in a partnership. However, there is hope for a similar kind of thing in the future -- I should say, everyone except one. Please e-mail me at kns@kongzi.ca and maybe we can put something together you and me? Remember, everyone is welcome, everyone who is willing to work for a better future. Personal glory must be set aside.

QuiteHung

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Re: Multi mining asset idea
« Reply #4 on: December 08, 2014, 02:20:03 pm »

@printshop

mail sent. looking forward to debating this one a bit more :-)
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