An aspiring project proposed by the N.E.W.S. Asset Team to its shareholders and prospect shareholders, and stakeholders. The project’s short-term goal, reaching 100 TB (terrabyte) mining farm in the asset-owned pool. Long-term goal, 1 PB (petabyte) with at least 80% of shareholders mining in the asset-owned pool.
NEWS Asset Mining Pool is NOW ONLINE: https://news-asset.com/n-e-w-s-asset-pool-burst/
A number of mining pools have been put up lately and, yes, there are mining pools who also issue assets for people to take profit in.
We don’t have to criticize the way other pools which issue assets do their businesses here. We are here to offer a business proposal for you, shareholders and stakeholders alike. You might like it and push this project forward or you won’t. It is all in your hands.
Our argument is neither dense nor complicated.
We all came to start mining Burst because of its HDD (Hard Disc Drive) aspect — green technology. Thus, we start with what we have in our possession (laptops, desktops, mobile phones, Android TVs, etc.). And then, we got hooked. We see the potential. We see Burst’s real value and not the undervalued coin that we have right now.
So, we (miners) look for ways to gain more coins — we buy larger capacity hard drives. But in doing so, we also have to upgrade our main system to be able to cater our high capacity hard drives (e.g. processors, GPUs, motherboards USB3.0, power supply, etc.). Thus, we don’t usually realize that we’re already spending more and more than what we can gain in a given period of time. Also, there are people who wanted to mine with big capacities but just can’t due to factors that are controlled by forces beyond us. And this is where N.E.W.S. Asset Mining Pool Project comes in.
So, what is N.E.W.S. Asset Mining Pool Project really offering here?
- We came up with an ambitious plan to build a start-up of 100 TB mining equipment and slowly expanding to 1 PB or more (if given the chance) to start our own mining pool in the process where all shareholders of N.E.W.S. and even non-members can join. It’s not fun at all being alone.
- Thus, we have a pool that has a high capacity flagship which gives it a high probability of winning blocks, thus shareholder and non-shareholder miners alike benefits.
- Through the use VMs (virtual machines) and multiple located mining sites (N.E.W.S. Asset Team has 3 at the moment) downtime are reduced significantly. Downtimes are considered where there’s factors in the environment where it affects the overall mining process (e.g. hardware/software failure, power outages, internet connectivity issues, force majeure). Thus, mining will be in optimum performance with this project.
So, is it going to be another asset aside from N.E.W.S. Asset?
The answer is no. We have been adamant in our stand not to release any more asset unless it’s really needed. This project is no different. The team will be expanding N.E.W.S. Asset to another level to provide more and better income generating service for its shareholders.
Now, how are we going to proceed through this plan?
This project needs funding (in all honesty). To be able to complete the start-up 100 TB mining pool farm, a 7.5 million Burst funding (recent market value) is needed. Therefore, we are planning to allocate 70% of the shares bought to Standard Burst mining starting Tuesday, November 1, 2016 (this is tentative and will only be pushed through with shareholders’ approval) until we reach our goal.
Bullet points:
- Shareholders who buy/acquire shares during this timeframe, will receive 10% more asset shares, making them earn 10% more dividends.
IF a shareholder buys 100 N.E.W.S. Asset shares, he/she will get 10 more shares for a total of 110 shares. - Once the pool is up (we will announce it), Shareholders will receive 30% of the N.E.W.S. mining pool’s NET income. Shareholders who come to mine with the N.E.W.S. mining pool will receive 60% more.Mathematics:
IF the N.E.W.S. Asset Pool’s NET income is 10,000 Burst, distribution is as follows:
3,000 Burst = Distributed to all shareholders
6,000 Burst = Distributed to shareholders mining in the pool.
Therefore, a shareholder that is mining in our pool receives 90% of the NET income. - Shareholders are guaranteed to receive a fixed dividends of 60% of the mining capacity or 200,000 Burst (as of writing this article) from the N.E.W.S. Asset miner monthly income when the 100 TB miner is fully operational.
As the price of Burst has been in its position right now, I think this will be one of the best opportunity for us to fund this project.
Please tell us your thoughts on this project by leaving your comments below, send us an email jerviteambtc@gmail.com, post a reply on the Burst forums https://forums.burst-team.us/topic/1284/ann-the-n-e-w-s-asset-launch, find us in alttech.chat https://alttech.chat/alttech/channels/news-asset-channel, or message me directly in the forum chat https://forums.burst-team.us/user/jervis.
Your feedback is very much appreciated. Thank you very much.
NE.W.S. Asset Team
Keep Up the good work !!
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I’m in! and promoting Burst and NEWS here in Brazil! Keep up the good work!
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