I'm sure a few if not all of us here are involved or related to Crypto one way or another. We share the same passion and some of us are always looking for new opportunities and new ventures.
As I continue my goal to have a steady passive income by the end of the year and I have found a great coin to do so with.
Burst coin is a coin that is mined with hard drives and not GPU. This means that the cost for the electricity is very very low reducing the overall impact of dirty GPU mining! I'm not going to go in depth on how that work but it is called Proof of Storage. there are plenty of tutorials and it coin is backed by an amazing community willing to help! Just jump in on the forums or chat (links below).
Although mining the coin with your HDD is great I think the most amazing part of all is the Asset exchange. Below are extracts from a great post from Jervis which explain perfectly.
What is the asset exchange:
The Burst Asset Exchange is a built-in peer-to-peer exchange into the Burst Wallet. It allows fast, secure, and decentralized trading of Burst Assets. Because of its (Asset Exchange) decentralized nature, there's no need for outside organizations or agencies to meddle with its affairs. There’s a wide range of application for potential investments or trades in Asset Exchange due to the fact that Burst Assets could be used as a token for almost anything with value.
What are Asset shares?
Shares in an Asset is an equivalent to an entitlement of ownership over the Asset you have invested in. A person who buys a portion (percentage) of an Asset’s capital becomes a shareholder and as such is entitled to a share of the Asset's profits.
Shares that are bought are able to be traded on the Asset Exchange. This can be done for many reasons such as to make your investment liquid, to swap into another product or Asset, or to realize a capital gain on the sale of the share as the market price is higher than the price you paid for the Asset.
Why buy Shares?
There are many benefits to owning Asset shares which make it an investment well worth adding to your investment portfolio in the Burst Universe.
5 advantages of investing in Asset shares
- Capital growth
A long term objective of Asset share investment is to take advantage of capital growth. This occurs when an individual experiences significant capital gains from the shares they possess through increases in share prices. Some Assets also issue free or bonus shares to their shareholders as another way of passing on company profits or increases in their net worth.
- Dividends
Ownership in an Asset entitles you to ownership of their net profits. Assets honor this entitlement to their shareholders in the form of dividends.
Another dividend approach used by some Asset Issuers is to have a portion of its dividends reinvested in the Asset. In this philosophy, additional shares are issued to shareholders, aside from paying out dividends in Burst.
- Liquidity
By their nature, Asset shares are a very liquid product. They can be bought and sold quickly on the Asset Exchange platform. Trading on Asset Exchange also allows you to sell part of your share parcels rather than having to redeem the whole lot.
- Diversification
Different Burst Assets have different characteristics, volatility and are affected by different circumstances. To minimize risk and maximize return, diversification of Assets is essential to achieving a return on your portfolio as close as possible to your target. In order to diversify your investment portfolio, you will probably have part of your Bursts invested in different Asset markets. Asset shares can be purchased through the Asset Exchange.
- Shareholder Benefits
Some Assets offer/could offer/should offer/would offer benefits to shareholders when they use the services of the Asset or its subsidiaries (i.e. pools, faucets, gambling sites, marketplace, commissions, et cetera). In theory, a minimum number of shares need to be held to qualify for these benefits.
So the asset exchange is a place that makes it very simple and very secure to run a business on the block chain. This is a very unique thing about Burstcoin, not many other coins can do this!
I own shares in several Assets (businesses) and receive daily weekly and monthly Dividend payments directly to my Wallet. Here are a couple of examples:
Asset name: World mine
Dividends Paid: Weekly
Estimated dividend % rate: .7% weekly
Quick example:
I bought shares at the original price of 90 per 1 share. I bought 10,000 shares at 90 a share for a total 900,000 BURST. Since the asset issuer said the next batch of shares would cost 100 then 105 the original shares sold out fairly quick.
So today (less than 1 month from purchase) my shares are worth 1,000,000 Burst since the assets are now worth 100 each. If i where to sell all my shares at 100 I would make 100,000 burst ight away.
However since I hold my shares and this asset pays weekly I get more less 6,800 Burst per Week ( $4.5 USD more less) !
This asset above is based on a large GPU mining operation managed by a trusted member of the Burst community. Check out the link above and you will see what I mean.
Another great example of a mining Asset call CCMNER100, this is solely an HDD mining farm that is constantly growing and releasing shares until the 1PB goal is met.
Asset name: CCMINER100
Dividends Paid: Daily
Estimated dividend % rate: 0.139%
URL: https://forums.burst-team.us/topic/2466/ann-ccminer_100tb-new-asset
This asset is based on a 100% Burst mining operation with a large goal of 1 PB ! The shares are currently going a 11.5 but the original price is 10 Burst per 1 Share. The shares worth 10Burst are constantly released until the goal is met. Keep a good eye and save some cash on some shares :)
In this particular case by purchasing shares you are able to obtain a portion of the mining results. These results are paid daily ! Each day you get paid an estimated 0.1% !
Quick example.
Purchasing an 8TB drive on amazon with shipping is more less $250. Once you get the drive you need to start plotting it (preparing it to mine). The plotting of the drive depends on your computer but it can take hours or days. Once done your 8 TB plotted drive will have more less 7.2TB usable.
This means if you mine with you drive for 24 hours for 1 month you will earn moreless 447 Burst per 1 Day or 13,410 Burst in 1 month.
If I took those same $250 or 350,000 Burst and put them to the CCMINER Asset I would earn 379 Burst per day or 11,370 Burst per week. (68 burst less per day or 2,040 per month)
As you see it is very similar, however what I like about the asset is that you avoid having the drives running at home and then if you want to sell the drives you will have to use ebay or similar to sell them. So selling the shares is similar to selling the drives but most importantly you can sell the shares for a higher share price (ideally). Also in a few months time Burst coin will be worth a lot more and the drives probably less hehe
These are just a few ways I have diversified my Burst coin investment during the past 6 months. I own 100TB of drives that have been mining with no issues for months. When I found the asset exchange I started to diversify my upgrades and re invest my earnings here.
Jump in on the Burst action before the price increases!
Cheers!
Reference Links:
https://forums.burst-team.us/topic/1740/asset-exchange-shares-why-invest-in-asset-shares
https://alttech.chat/alttech/channels/town-square
A few quick FAQ On BURST:
Can I mine with any HDD?
Yes and you can mine with you Android Phone
What is Plotting?
Plotting is how you prepare your hard drives to mine. It can take hours or days.
How do I see the list of assets
http://util.burst-team.us:8888/asset
How do I interact with the asset owners and see a list of assets?
https://forums.burst-team.us/category/6/asset-exchange
What exchanges is Burst sold on :
https://coinmarketcap.com/currencies/burst/
ACQUIRING/BUYING ASSET TUTORIAL.
A simple walkthrough made for beginners and advanced members alike. This should provide an elementary step-by-step guidelines on how to acquire/buy assets:
https://docs.google.com/document/d/1I6drCqfGNKeMUuk5iiXXuZLJ55EA52luHS3QVqmKByY/edit?usp=sharing
SELLING ASSET TUTORIAL.
This is another simple walkthrough on how to sell your assets for whichever purposes you have in mind: https://docs.google.com/document/d/1E3Tegx9QJGaZQIGvs7WlIH3L5s67wfP7DPl4Gd58uac/edit?usp=sharing
w0W you rlly out did yourself on this explanation but what a wonderful explaining of how things work with 'Burst'! First off, I wasn't even going to read the post because I kind of gotten burst out as this was a burstful wk indeed with all this burst talk lol But continued reading and it was well worth the time so thank you, now!
I believe it's "proof 0f Capacity " rather than "proof 0f Storage" but it's basically the same damn thang ha!
I Like how you point out "Another dividend approach used by some Asset-Issuers is to have a portion of its dividends reinvested in the Asset". Very nice to hear! I as well own 'WorldMine' and 'CC-miner100/1000" - CC-Miner100 is my favorite, number 0ne reason being it's daily payout of course but it pays the best and on time. The issuer(ccminer) is on his game!
I first purchased around 1000@the rate of 12.49 a few around 10 but one day I was observing my assets and I noticed the lowest bid was sitting @25+ Highest Bid@ 20+ ;-0 My value was sitting@16,000+ for this asset alone! I should have sold but I was thinking long term as if the price was never going to reach the initial price it 0nce was when I first invested. Well, it did return to the same price lol but I was able to sell most@17 So it was a nice feeling to be able to had taken money out while still having what I basically started with(total of invested burst) AND I can and will purchase more@ prices I find fit :)
It's like "Super-Mining " which will be my next title for my next bl0g so don't even think about it ;) You mind telling of how much you purchased or invested to get your account to where you currently have it? I'm assuming $60+?
Look forward f0r a reply thx again
Hey man
thanks for the reply.
just calculate .1% x your burst and you should get your daily burst payout. ccminer so far has shown good work. Lets hope he keeps it up!
Good job on the sale of the shares at higher value that'ts the point! :)
I like assets backed by Crowetic.
Cheers,
Thx for the reply but I didn't need help with finding out my daily payout, I just wanted to know how much did you purchase or invest into the amount you currently have, if don't mind telling?
And yes I leaned more towards 'Crowetic's' Assets as in terms of trust when first realizing the asset exchange. I only own one of his assets but I plan on purchasing more of his soon to be released new assets.
Interesting.
It's also profitable :)
Cheers my friend!
You're welcome I was not aware of Burst or the exchange.
I like the CCMINER100 asset allot, makes perfect sense to do that instead of my own HDD mining
Indeed my friend, they idea is also to diversify and have fun with them.
The burst Casino Asset is tied to https://burstcasino.com/
Daily keeps the juices going !
Come on by the chat!
Yes indeed! This is what I was also trying to tell when also telling of Nicehash of how you can purchase hash and being able to point it to a pool of choice and receive a daily payout. I'm currently having issues purchasing hash via nicehash due to the pools part but I will get to it soon enough to let others know how it goes.
But back to Burst and the asset exchange, it's a beautiful thing what else can I say! It's like having Genesis-Mining but without the contracts(Nicehash as well). You can control when to sell which makes it more profitable ;)
Woohoo! Go Burst! I will buy some more next Sunday with my power down. Might even sell my xmr for it!
Hey Jack, Thanks for all the good work man !
Cheers,
Haha thanks. No worries. Burst Browser will change the way of BURST and it will become even more amazing. I really need to get back to buying it again!
This was a great post about Burst.. Even though the asset exchange took a hit with Burst climbing up and Bitcoin rising like a pheonix.. Its still a good idea to invest in assets as the prices are cheap...
that's exactly what you should do.
Shares are cheaper now.
Thanks for reading !