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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 142945 times)

Stadtfeger

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too expensive.

Sebastien256

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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).

pf

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Hi Seb,

The 1.35 multiplication every 45 days is intended by LTCgear to overcome difficulty increases, which should keep the value of the shares at a consistent level over time.

As the OP also mentions, any particular shareholders can request a higher reinvestment percentage at any time (in which case their particular reinvestment percentage would be applied at each week's payouts and that % of their NXT would be sent to them as additional assets instead.)

By the way, I see that our first 180,000 shares have been sold.  If there are no shares available for 1 NXT please don't pay any more than that, as the asset issuer will post another order for additional shares at 1 NXT ASAP afterwards.
20,000 shares have been sent to the HRNXTPOOL dividend account (NXT-262D-BWU3-C7NJ-B4A4B) as well.

« Last Edit: October 09, 2014, 02:42:18 pm by pf »
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Sebastien256

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Hi pf,

could you plan an exit strategy for small holder, similiar to the funbot asset?
Thanks
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).

pf

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By exit strategy Seb, do you mean a buy wall @ 0.95 NXT / HRLTCGEAR?
I can do this with a small portion of the funds raised thus far, and then any shares that get bought back would go back to being deactivated and no dividend being paid out on them (as the asset issuer would own them again).
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Sebastien256

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By exit strategy Seb, do you mean a buy wall @ 0.95 NXT / HRLTCGEAR?
I can do this with a small portion of the funds raised thus far, and then any shares that get bought back would go back to being deactivated and no dividend being paid out on them (as the asset issuer would own them again).

Yes, this is what I mean. Exit possibility is good as it promote in some sense investment (as people know they can get out if they want to go out fast). Otherwise people that want to exit need to wait for someone to buy in.

You got to make sure that your buy back price drop % is lower than the % amount of dividend in one week otherwise some people may abuse of it.
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).

SpreadingTruth

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Does HRLTCGEAR currently own any qASIC shares or you are just using asset sales to buy shares?  Do 100% of asset sales go towards buying shares or do you keep some for profit? This is not mentioned in OP.

Also, I assume when the multiplication happens you simply send a dividend of HRLTCGEAR shares to asset holders? Also not clear in OP.

cobaltskky

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Bought some. :)

pf

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Does HRLTCGEAR currently own any qASIC shares or you are just using asset sales to buy shares?  Do 100% of asset sales go towards buying shares or do you keep some for profit? This is not mentioned in OP.

Also, I assume when the multiplication happens you simply send a dividend of HRLTCGEAR shares to asset holders? Also not clear in OP.
100% of asset sales go towards buying LTCgear shares (at the cheapest possible price - I am not out to skim off the top.  The shares get 49% off with  a coupon code, then 8% off for using BTC to pay, then an additional 11% discount awarded for using your own affiliate account to order the shares.  I do not plan on skimming that 11% for myself, or making a single NXT off of the asset issuance)

For every 9 HRLTCGEAR shares that are sold, 1 HRLTCGEAR share is sent to the HRNXTPOOL dividend account. 
This means effectively I make about 1% profit off of future dividends, but no profit up front from share sales (as I own 10% of HRNXTPOOL).
When the multiplication happens, the HRLTCGEAR shares won't get sent out as a dividend - just the total hashrate of the HRLTCGEAR asset increases.  Each share is worth 1/N of the total hashrate, with N being shares owned by accounts other than the asset issuer.

Shareholders who request a reinvestment percentage however, will recieve additional shares as dividends (on a 1 share per NXT) basis according to whatever percentage they choose to reinvest.
« Last Edit: October 09, 2014, 04:40:24 pm by pf »
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Pilot

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How can price stay at 1 Nxt if "LTCGear having a multiplication interval of 1.35x every 45 days" won't this be higher than the difficulty and increase overall payout of HRLTCGEAR, so increasing its value more than it initial 1 Nxt price?

Or I don't understand what you do with the LTCGear multiplication, please explain.

Yea, this doesn't make sense. Basically, the more shares that are sold, the less my holdings will be worth.

Shouldn't 1 share = X amount of LTCGear share? The asset should be issued at the right price. Let's say 1 asset = 1 MH/s at LTC Gear.

As it is now, I want to be the ONLY person with shares so I get 100% of the payout.

pf

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How can price stay at 1 Nxt if "LTCGear having a multiplication interval of 1.35x every 45 days" won't this be higher than the difficulty and increase overall payout of HRLTCGEAR, so increasing its value more than it initial 1 Nxt price?

Or I don't understand what you do with the LTCGear multiplication, please explain.

Yea, this doesn't make sense. Basically, the more shares that are sold, the less my holdings will be worth.

Shouldn't 1 share = X amount of LTCGear share? The asset should be issued at the right price. Let's say 1 asset = 1 MH/s at LTC Gear.

As it is now, I want to be the ONLY person with shares so I get 100% of the payout.
The more shares that are sold, the higher the hashrate of the total pool as well though.  So while you will own a smaller percentage of the payout, the payout will increase (keeping your dividend approximately the same)
The 1.35 multiplier by LTCgear is intended to mitigate the effects of difficulty increases, not to increase profitability.
This asset is intended for people who wish to invest in LTCgear equipment without having to deal with the hassle of converting to NXT, etc.  It is intended as a long term dividend asset, not a speculative asset that will increase in price.   The side effect of this asset will be also to increase the HRNXTPOOL dividends, as it will receive 10% of the weekly dividends to be distributed amongst it's shareholders.
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Pilot

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OK that makes a little more sense. Thanks for the clarification.

pf

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Keep in mind, that you can also send me an AM and choose to reinvest even 100% of your assets if you want for the first weeks (or for however long you choose).  This is a good chance for people who are interested in buying into LTCgear but don't have the funds to spend the $753 up front buying a full package to be able to buy in, and slowly grow their holdings, without having to pay for the whole package up front.
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Pilot

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Any basic calculations of how much LTC each HRLTCGER share will bring per week? (yes, I know you convert dividends to NXT). Also, any possibility of payout directly in LTC?

rlh

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Any basic calculations of how much LTC each HRLTCGER share will bring per week? (yes, I know you convert dividends to NXT). Also, any possibility of payout directly in LTC?

...or mgwLTC.  Curious, why aren't you pointing this at Hashrate.org, and mining the most profitable scrypt coin?
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Pilot

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Any basic calculations of how much LTC each HRLTCGER share will bring per week? (yes, I know you convert dividends to NXT). Also, any possibility of payout directly in LTC?

...or mgwLTC.  Curious, why aren't you pointing this at Hashrate.org, and mining the most profitable scrypt coin?

LTCGear mines LTC. (afaik you can't point to any pool you want).

pf

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Any basic calculations of how much LTC each HRLTCGER share will bring per week? (yes, I know you convert dividends to NXT). Also, any possibility of payout directly in LTC?

...or mgwLTC.  Curious, why aren't you pointing this at Hashrate.org, and mining the most profitable scrypt coin?

LTCGear mines LTC. (afaik you can't point to any pool you want).
Exactly, LTCgear mines LTC or FTC directly via the coin daemons.  I've asked them before if they would be able to point some of their ASIC equipment at our pool, but likely we would need a bigger stake before they would be willing to do that. I will inquire with them now, though.
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SpreadingTruth

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Does HRLTCGEAR currently own any qASIC shares or you are just using asset sales to buy shares?  Do 100% of asset sales go towards buying shares or do you keep some for profit? This is not mentioned in OP.

Also, I assume when the multiplication happens you simply send a dividend of HRLTCGEAR shares to asset holders? Also not clear in OP.
100% of asset sales go towards buying LTCgear shares (at the cheapest possible price - I am not out to skim off the top.  The shares get 49% off with  a coupon code, then 8% off for using BTC to pay, then an additional 11% discount awarded for using your own affiliate account to order the shares.  I do not plan on skimming that 11% for myself, or making a single NXT off of the asset issuance)

For every 9 HRLTCGEAR shares that are sold, 1 HRLTCGEAR share is sent to the HRNXTPOOL dividend account. 
This means effectively I make about 1% profit off of future dividends, but no profit up front from share sales (as I own 10% of HRNXTPOOL).
When the multiplication happens, the HRLTCGEAR shares won't get sent out as a dividend - just the total hashrate of the HRLTCGEAR asset increases.  Each share is worth 1/N of the total hashrate, with N being shares owned by accounts other than the asset issuer.

Shareholders who request a reinvestment percentage however, will recieve additional shares as dividends (on a 1 share per NXT) basis according to whatever percentage they choose to reinvest.

Ah ok that's nice. So how many qASIC shares does HRLTCGEAR own right now?

Also, if each share is always worth 1/N of the current holdings, and price is always 1 NXT, and you don't send additional shares when the 1.35 multiplier is applied, what is reason to hold these shares longterm? I can buy Thursday for 1 NXT, get the dividend payment on Friday and sell for 0.999 NXT on Saturday.  What reason to holding them long term?

What will you do if discount code goes away or price changes? Shares will still be 1 NXT and still be 1/N of current holdings?  If coupon code on LTCgear goes away, it will be bad for early investors because newcomers will still get equal portion of holdings even though price has gone up. Interesting idea but doesn't seem to make sense.

Sebastien256

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I think discount code are just bullshit. Imo, price per Mh/s will alwys go down as it is the case with bitcoin.
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).

jl777

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Does HRLTCGEAR currently own any qASIC shares or you are just using asset sales to buy shares?  Do 100% of asset sales go towards buying shares or do you keep some for profit? This is not mentioned in OP.

Also, I assume when the multiplication happens you simply send a dividend of HRLTCGEAR shares to asset holders? Also not clear in OP.
100% of asset sales go towards buying LTCgear shares (at the cheapest possible price - I am not out to skim off the top.  The shares get 49% off with  a coupon code, then 8% off for using BTC to pay, then an additional 11% discount awarded for using your own affiliate account to order the shares.  I do not plan on skimming that 11% for myself, or making a single NXT off of the asset issuance)

For every 9 HRLTCGEAR shares that are sold, 1 HRLTCGEAR share is sent to the HRNXTPOOL dividend account. 
This means effectively I make about 1% profit off of future dividends, but no profit up front from share sales (as I own 10% of HRNXTPOOL).
When the multiplication happens, the HRLTCGEAR shares won't get sent out as a dividend - just the total hashrate of the HRLTCGEAR asset increases.  Each share is worth 1/N of the total hashrate, with N being shares owned by accounts other than the asset issuer.

Shareholders who request a reinvestment percentage however, will recieve additional shares as dividends (on a 1 share per NXT) basis according to whatever percentage they choose to reinvest.

Ah ok that's nice. So how many qASIC shares does HRLTCGEAR own right now?

Also, if each share is always worth 1/N of the current holdings, and price is always 1 NXT, and you don't send additional shares when the 1.35 multiplier is applied, what is reason to hold these shares longterm? I can buy Thursday for 1 NXT, get the dividend payment on Friday and sell for 0.999 NXT on Saturday.  What reason to holding them long term?

What will you do if discount code goes away or price changes? Shares will still be 1 NXT and still be 1/N of current holdings?  If coupon code on LTCgear goes away, it will be bad for early investors because newcomers will still get equal portion of holdings even though price has gone up. Interesting idea but doesn't seem to make sense.
regardless of the changings in the current hashrate per NXT, this is a pool so the risks are shared. Also, the interests of the investors and the management are aligned as the only benefit to HRNXTpool is if these assets payout

this is not a speculative asset, but more of an income asset. if you trust pf to know how to get good prices and deal with mining, then this is a good asset as for much less work than dealing with all the issues, you just need to buy the asset. also being able to specify your own dividend reinvestment rate is a nice thing that allows each assetholder to determine what percentage they want in income versus compounding

since the LTCgear is doing a compounding themselves, there is not the need to do it, but having the option lets each person decide.

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