Support

What do donations to Whalepool go toward?

  • The primary costs for the community are running our servers. We have one heavily DDoS-protected server that is set up with a Teamspeak reseller that allows us to have maximum flexibility in adjusting the user slots to adapt to massive increases in connected clients. Because Teamspeak is not a fully open source application there are additional licensing costs associated with operating the server above and beyond hosting.
  • In addition to the Teamspeak server, we have a webserver that is completely segregated from it which hosts multiple dynamic web applications that we have developed and adapted for the bitcoin trading community. This leads to hardware and bandwidth needs that exceed a simple budget shared hosting setup.
  • You can see all these costs at this pastebin -- TL;DR It costs about $150 a month to run things and we provide full transparency of bills, revenue, and costs.
  • We are 100% transparent as payments in and out are all on blockchain in our donation address and community fund (where donation address sweeps and we add affiliate revenues into). and all expenditure events and bills are posted on our Twitter account.
  • Our main focus is on the community, and as such we plan to give back to the community in the form of prizes, events, and cool ideas to incentivize contributions and reward individuals who contribute more than average to the Whalepool family.
  • Finally, some funds may go to supporting the human resources from the community which involve time, energy, and money to put together events, manage various systems, and maintain the overall infrastructure and set of services on our multi-platform offerings.However, as of Summer 2016, WhalePool administrators have not taken a single satoshi in personal compensation, allowing the community fund to build up

Is there any accountability?

We are absolutely committed to transparency. All funds are received to our bitcoin address, where all payments for resources will be made as well. Thus all inflows and outflows can be seen on the blockchain itself. We also make public all transactions on the affiliate accounts people sign up under.

Our sources of income for the community come from three channels right now:

  1. Donations
  2. Raffle ticket sales
  3. Affiliate link signups

Donations make up most of the income currently so we rely almost entirely on the support of our active members, who keep us accountable because the community IS THEM! They vote with their feet and have already been exploited by two prior community iterations.

There is NO obligation to support the server financially. We have community members who have multiple skills and resources who have been supporting our efforts in a multitude of nonpecuniary ways: either by simply sharing our server information with friends or using their skills to make content or other assets.

We appreciate each and every one of our users and supporters no matter what your means. As an open community we are dedicated to keeping the server free and open for all users interested in bitcoin trading

Methods to Contribute

Whalepool is supported by donations from the community who appreciate the resources, time, and energy put into providing the multiple services that we give 100% open to the public.

If you want to help, the best way is to be active in the community posting charts and participating in discussions. You can also offer your skills or services to help the community grow.

If you would like to support us financially, here are some ways you can contribute:

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Those who contribute to the Teamspeak fund get Financial Contributor badge to show appreciation.