Quote from: GeorgeAurea on April 18, 2016, 05:57:32 PM

Quote from: Litesire on April 18, 2016, 04:17:59 PM

Quote from: GeorgeAurea on April 18, 2016, 04:00:35 PM

Quote from: veertje on April 18, 2016, 03:45:01 PM

Litesire, Guldenshares buys up coins from the market also for its shareholders.

Aye.

And in the case the mining part should prove more yielding than it's buy-support part, and daily assets shifted to obtain the best value for it's holders, the buy-support part will remain. A bit less perhaps, but non the less, will continue to do so Wink

Will the mining part shift more to mining Gulden after the btc halving this year depending if there is a doubling in btc price or halving of mining power.

No. The BTC halving, regardless what it will do with it's price or the total hashes on it's network, are not related in such regarding the Gulden mining part, nor the buy-support part. I'll try to explain:

The purpose of Project Hybrid, is to support Gulden in several ways. In the core, it is yielding Bitcoins through community owned SHA256 equipment. Each day, these yielded BTC's are being spend to acquire Guldens through 2 sources. It has been opted to add a third one, though currently it sticks with 2:
- Mining them (renting Scrypt hardware)
- and buying them from the market(s), such as Bittrex for example
( Hence, the name "Hybrid" Wink

)

Between them two, mining and buying, mining was the more expensive one. Example:
For every X amount of Bitcoin yielded, we could collect 10.000 Guldens from the market through buying them, whilst for that same amount of X Bitcoins we could collect 7.000 Guldens through mining them. Yet with the current conditions, the price of both Gulden and the Bitcoin, it is possible to acquire 9.000 Guldens from the market, whilst we could collect 8.000 Guldens through mining (these numbers are not real figures, but merely to simplify the example).

So what I was referring to, that if (and only if) these line continues to shift in favor of mining being able to acquire more daily Guldens than through buying them, a bigger part of the daily yielded Bitcoins will be spend on mining. The reason behind it, is to obtain the most Guldens for the holders Wink

Quote from: veertje on April 18, 2016, 04:31:47 PM

Quote from: Litesire on April 18, 2016, 04:27:01 PM

What currency is being mined against to bring in the buy support?

I think it is best that George himself answers these questions. Wink

At the moment, i think it is btc.

Indeed it is, see the above Wink

Quote from: Litesire on April 18, 2016, 05:28:54 PM

How many shares will 2 btc buy me ?

Shares are 0.05 BTC each, so that would own you 40 shares. The average what Hybrid is yielding thus far for it's holders, is roughly 1.000 NLG per share per month.

If you might be interested in purchasing some, you can do so though guldenshares.com. Simply register, buy some shares, and you'll start receiving Gulden payments just like the rest Wink

Thanks for explaining. I am interested in putting 7 btc towards this project, is your personal details available to the community in the event something goes wrong.