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I deposited .1 BTC into this site, and they are not allowing me to place live bets on CS:GO (only reason I joined) I tried to withdraw my money, and they're telling me I need to wager .174 BTC before I can withdraw. So basically, I need to place wagers where they have a big advantage before I can withdraw money They're doing bait/switches with their live betting. No thank you. Keep the .1 BTC NEVER use this website, SUPER scammy. http://nitrogenesports.eu, http://sportsbet.io much better, but worse live betting Also, I don't know for sure, but this website http://vitalbet.com looks like a copy/paste of ebettle with a different domain. I'd be wary about that too |
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To the few of you "Bitcoin" Unlimited supporters... Have you not thought that BU is already centralized? When BU forks, it's going to be controlled completely by the whims of Jihan Wu, who already expressed he really couldn't care less about the community's opinion about the direction of Bitcoin ( http://www.newsbtc.com/2017/03/19/jihan-wu-wants-accelerate-bitcoin-unlimited-hard-fork-regardless-community-sentiment/). Now an interesting question to ask yourself is: Do you think this chinese-native Jihan Wu may be influenced by the Chinese government? Hmm. If you have any common sense at all you've probably reached the correct answer. So essentially what you're advocating for is the Chinese government to have massive control over the direction of BU. At best, you're willing to put Jihan Wu completely in control over the direction of BU. So, that tells me that you really trust this guy. Besides ignoring the community, making decisions that blatantly benefit himself at the expense of the community, rushing into the fork with amateur developers... What makes you trust this guy so much? This is the main reason I'm 100% confident that BU will be a failure when it forks. You're essentially asking investors to entrust their money with a man with a very poor reputation. If BU is successful, it will be a matter of time before Jihan is submissive to the Chinese government. Do you really think investors will not be concerned about the inevitable cooption of BU? The mining is going to start by being 100% centralized. Thus the decisions are. Do you really think that a mining company is going to invest 50M+ to compete with the current hashrate of BU? Of course not. What you have is going to be a guaranteed centralized governance system. You don't even need to get into the technical arguments to reach the conclusion that if you're for BU, you don't have much common sense. |
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This is a simple signature wearing campaign - offering flat fee of $5/month at the current exchange rate ~ 0.005 BTC/month
You'll be paid once you wear the signature
New people with zero reputation and no post history may be ignored, depending
The signature relates to no illegal activity or anything like this
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Can someone experienced with BTCJam please tell about their experience?
Specifically with their AutoInvest feature, what kind of loss do you experience? What are your monthly returns on average?
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I bought 15 AntMiner S7's in the beginning of july for 9.5 BTC on hashnest
Earnings were about .07 BTC/day until the halving, when they went to around .01 BTC/day on average.
I just cashed out my 73 TH of power for 6.7 BTC, and was more than willing to take a loss of 2.8 BTC - explained why below
Hashnest does do real mining, but they're more cunning than other companies when it comes to ripping you off - they do it through their maintenance/payout ratio. This ratio changes every day, making earnings quite unpredictable.
I failed to take into consideration the possibility of Hashnest maintenance/payout almost tripling after the halving. I don't believe that this fee is genuinely what Hashnest has to pay on power and real estate. I truly believe that this fee is arbitrarily set by Hashnest as determined by the profits they wish to make per day, knowing that you have no leverage over them once you've paid for your miners, they "have you by the balls", knowing that you'll be forced to take a loss if you don't pay their ridiculous maintenance costs.
At the time of buying I assumed that the difficulty would either decrease or remain around constant -- and also less miners on AntPool -- and thus would increase your share of bitcoins that were mined, despite the halving, and I was correct about that. Problem is, the Hashnest maintenance fee will completely destroy your investment (currently at 81%)
If the difficulty was projected to continue to decrease, I probably would have stuck around, but the next difficulty I think will increase pretty significantly, which may cause the maintenance fee to go around 90-95%, depending on BTC price
So when you mine on Hashnest, you have two factors working against you: 1. bitcoin difficulty and 2. the hashnest maintenance/payout -- this makes your investment extremely risky and unpredictable
Ultimately, I highly recommend you invest bitcoin into other areas, NOT Hashnest, as they have total control over your earnings via their maintenance/payout ratio which changes every day. Most days after the halving were embarrassingly bad.
The big problem I have with Hashnest is that they can decide at any time to increase their profits by increasing their maintenance/payout ratio to arbitrarily high levels, and there's absolutely nothing you can do about it, since you've already paid for your miners. There's no way to verify that they're being honest about their maintenance costs (even if they are, why invest into a company who needs to take 90% of your money for maintenance?). Talking to people who run their own large mines, the Hashnest maintenance cost seems insanely high, especially for operating in China who has some of the cheapest energy costs. The Hashnest customers have no leverage over them. That is dangerous in my view as they have no motivation to make changes to facilitate a cheaper maintenance cost.
I would have stayed with Hashnest if they allowed you to convert 3 S7's into 1 S9, but they recently announced that they will not allow this, making your possibility of meeting ROI about 0% considering the difficulty will be increasing in the future... You will probably be earning 5% of what your miners generate in the near future.
Some may think S9's will still be good, but I don't think so. I think they will be far overpriced, as they have no competition, and by the time you're remotely near meeting ROI, difficulty will be sky high and you'll be in a similar situation
Hope it helps
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I just bought 5 S7's on Hashnest
Their current advertised Maintenance/Payout rate is 35.7% (been between 37-39% for the past 24h)...
After about 18 hours of mining...
Payout Total(BTC)
0.03125827
Maintenance(BTC)
0.02401903
Which yields a true Maintenance/Payout of 76.8%
Is this normal to have some variability in the Maintenance/Payout, or is this site gambling with their credibility? I find it VERY hard to believe that ~80% of your payout is gone to maintenance when the bitcoin price is $600+
It seems hashnest is the only cloudmining company worth putting money into, so if this site is bogus, then that's it for cloud mining.
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Looking at their plans, for example the 10 TH/s for $1600/lifetime $1600 upfront According to http://www.vnbitcoin.org/bitcoincalculator.php ...  In 3 months you would have made approximately $1500, about 94% of your original investment I realize that the block reward is havling, but vnbitcoin.org seems to take that into account. Also the price of bitcoins should definitely raise with bitcoin halving, which should likely give you a positive ROI There's no way money can be made this easily, where's the scam here? |
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I've been researching mining, and it seems far easier and cheaper (albeit less fun) to just purchase hashing power from a provider like genesis-mining.com.
You can buy 200 TH/s for life for about $75,000, and with this power you'd make an estimated $180,000 in a year (before fees).
I know turning that kind of profit can't be that easy
So what's the catch with this?
Thanks!
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