DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

mcxNOW

While this is not truly a stock, it acts like one. The actual name for the mcxNOW fee shares is “mcxFEE,” and it is traded much like the various crypto currencies are. At this point it is only available on one exchange, and it is likely to remain that way for the foreseeable future because of what it is designed to do.

So what are these mcxFEE's? Well, unlike a real stock where you own a portion of a company (or a website), this is more like a revenue share agreement. Each share here represents 0.001% of mcxNOW's profit, including both trading fees (which are 0.4% per trade, broken down in to 0.2% for the seller fee and 0.2% for the buyer) and withdrawal fees. These are the two most obvious ones, and the biggest, although fees earned from muting people (which costs Bitcoin) and upgrading accounts is also counted. Basically anything that earns the site money also earns each owner of a fee share some money.

To make things even better, the fee shares are based on each different coin. Rather than just paying out Bitcoin, it instead calculates the fees for each of the traded coins (which is being added on to) and pays out in those as well. This helps diversify your portfolio so that you have multiple types of coins, without being forced to trade for them or mine them. Think of it as being like an automatic mining machine.

Yet another awesome feature is that the site pays out interest on all deposits. What does this mean for the fee share holders? Well, it means that not only are you getting the different coin types, but you are increasing your holdings just by having them (meaning even more coins). The interest rates are pretty low, though, which is important to note because you are not going to get rich off just holding your coins on the site. It is free money, though, so if you do not mind having them sitting there (rather than in your wallet) you get some extra.

So with all of these things looked at so far, the fee shares are looking pretty great. But now comes the killer part, which destroys the reason for obtaining them for the most part… their cost. When they were first released, they were 0.1 Bitcoin each. Not too much, when you think about it. If they were still the same price now, they would be earning around 30% ROI, which is pretty solid when you consider the growth potential of the site and how much that can impact earnings. The issue here, though, is that they now go for over 1 BTC each. In other words, you are looking at, on most days, around a 2-3% yearly ROI. Let me say that again, that is per year. This means it will take around thirty years (at the current progression) before it even breaks even.

This has gone from a pretty solid deal to one that is highly risky. With such a small profit and ROI right now, there is just no telling what is going to happen in the future and whether or not it will ever actually end up paying off. While adding more coins to the mix can definitely increase the exchange volume (and therefore the fees), that is still a highly risky situation at this point. Essentially it all breaks down to one thing: the fee shares are overvalued. It is hard to argue it any other way. Anyone who is buying in to them at the current price (and above – they have gone up near the 2 BTC range) are buying in on the hopes that they may go somewhere, rather than making the more informed decision to see what happens first.

I, for one, would love to buy in to some fee shares. I feel like I missed the boat in the beginning because I waited it out, but at the current price it is not even worth considering. The highest I can see them valued at right now is around 0.2 BTC each, leading to around a 6-7 year ROI. In a normal business this would be a good one in itself, and in the crypto world this is still a pretty risky decision, being that we have no idea what is going to happen in the future with a single coin or all of them.

Update 04-09-2014: The price of the fee shares is actually below the 0.2 BTC I value them at currently, and as of right now the spot price is about 0.17. This is expected to start going up in the near future when RealSolid releases the next update to the website, titled mcxNOW Version 2.5, but it is unknown when this is going to happen. He was saying it would be “this week” multiple weeks ago, but as of this week he is now saying that he is in the debugging stage. In any case, I think that at 0.17 BTC the fee shares are highly undervalued and that they are going to increase in price after the update comes, being that it should add some spark back in to the exchange and get the revenue up (which in turn means a faster ROI for investors of the fee shares). Of course, it is also worth mentioning that investing in these still has its risks. We still do not know for sure when the update to the site will come, and until then we could see the price fluctuate up and down constantly. We may or may not be at its bottom at this point, only time will tell. As such, if you decide to invest, please do not risk more than you can actually afford to lose!

Update 05-09-2014: Realsolid has been talking about the possibility of setting up a system with mcxNOW v2.5 that allows each investor to choose what coins they want to receive from their fee shares. Based on his preliminary talk about it, investors could choose a coin (such as Dogecoin), and any fees that are accumulated would be automatically converted to Dogecoin before being paid out. There is still not a lot of information on how exactly this would work yet, but it is an interesting idea. It would also follow along with what has been happening with the major multipools lately, with many of them allowing miners to choose the coin they want all of their earnings to be converted to (instead of having to accept Bitcoin).

I do hope that if Realsolid follows through with this idea, each coin has its own choice as to if you want to convert it or not. For example, I may want to convert my Maxcoin to Dogecoin, but want to keep the Litecoin and Bitcoin earnings. Forcing an everything or nothing scenario would be the wrong way to go here, and I am hopeful that we get these choices. In any case, it is great to see that things are still chugging along with mcxNOW, and I look forward to seeing what the future has in store for us!

Investing


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