Revenue Generation

How Bitcoin Spark Becomes Self Sustaining

One of the most important aspects of Bitcoin that is missing is that network participants could be rewarded in a number of ways that do not happen. By overlaying revenue generation to the network with additional services, the reward aspect for participating in the network can be expanded, and a greater desire for network participation can be created, driving forward adoption.

There will be a drive to expand revenue sources in the future, starting with the following:

Primary revenue source

Decentralized CPU 'rental' Miners will provide a percentage of system processing power to the network that can be used by companies and individuals for such things as video rendering, running shared resource servers, performing large advanced equations, or running resource-hungry simulations.

Those wishing to use this processing power will send BTCS as payment, which will automatically allocate this to the mining rewards pool as 'mining rewards,' increasing the immediate mining rewards and extending the elastic (but capped) BTCS rewards minting through algorithmic calculations.

3% of this revenue will go to the team for upkeep, income, and maintenance, and the remaining portion will go to miners.

Secondary revenue source

Advertising Small amounts of unobtrusive space will be dedicated to advertising within the Bitcoin Spark application and on the home website.

50% of this revenue will go to the team for upkeep, income, and maintenance, and the remaining portion will go to miners and network participants.

In the same way as the processing power rental, a separate payment system will work for advertising. The cost of advertising is elastic based on demand. The higher the demand, the higher the price and the lower the time allocation for each advert until a fair value balance is found. This is calculated algorithmically.

The advertising will be community policed. Anyone holding an amount of BTCS can vote to remove an advert based on a number of issues, including advert non-conformity to terms and conditions, vulgar or NSFW advertising, hate speech, scam adverts, etc.

Once a vote to remove an advert has reached consensus, it will be removed and flagged for a manual review by one of the team members. If it is deemed unsuitable, then it will be removed, 85% of the remaining advertising fee will be returned to the advertiser (calculated pro rata vs. time paid), and the 15% will be distributed to the wallets of those who voted for the advertising removal. This incentivizes the community policing of the advertising.

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