[ANN] HaoBTC, mining dividend paid out hourly

[Lies]

I was registered. But i can find english language on the website. Anyone can help me?

On the bottom of the page, under 'About', you can click 'English'.
Click it. Wait for the page to reload. Click again. Now it should be English. (It's a minor bug that you have to click twice)

[Lies]

Is it true Eric that the interest rate for the Wallet will be lowered to 3% from the current 6% on January 4?

I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.

Where did you see this reported?  Usually Eric shares that type of information here first.  That would be a bummer if it was true.

I think that I will not reveal here a secret. It is a pity that we do not have that information here. On Twitter, there is no such information too.

After login to the wallet on the left side you have Bulletin Board: Announcement regarding adjustment to trading commision and Finance interest:
"Announcement regarding adjustment to trading commission rate and Finance interest rates.
Due to a change in business conditions, HaoBTC has decided to adjust the commission rates for its CNY - BTC exchange and interest rates for the flexible term interest rates, aka Wallet. The trading commission rate will be increased from the current 0.1% to 0.2%, whereas the interest rates for the Wallet will be lowered to 3% from the current 6%. The two changes will be implemented starting on January 4. "

Indeed, I found it too on to the bulletin board: https://www.bikeji.com/t/3012 (no need to log in to read)
Meh  , not really surprised though.
The high interest rate (7% at start up and than later 6%) was to attract new users.
I'm sure Eric will post some feedback about it in the next couple of days.

[ranlo]

Is it true Eric that the interest rate for the Wallet will be lowered to 3% from the current 6% on January 4?

I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.

Where did you see this reported?  Usually Eric shares that type of information here first.  That would be a bummer if it was true.

Really, you and the people after you couldn't look just 6 posts prior? Same thread even.

https://bitcointalk.org/index.php?topic=1023187.msg13351128#msg13351128

[Lies]

Is it true Eric that the interest rate for the Wallet will be lowered to 3% from the current 6% on January 4?

I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.

Where did you see this reported?  Usually Eric shares that type of information here first.  That would be a bummer if it was true.

Really, you and the people after you couldn't look just 6 posts prior? Same thread even.

https://bitcointalk.org/index.php?topic=1023187.msg13351128#msg13351128

Touché
Well, it was on the previoius page 

[usenet]

Is it true Eric that the interest rate for the Wallet will be lowered to 3% from the current 6% on January 4?

I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.

Where did you see this reported?  Usually Eric shares that type of information here first.  That would be a bummer if it was true.

Really, you and the people after you couldn't look just 6 posts prior? Same thread even.

https://bitcointalk.org/index.php?topic=1023187.msg13351128#msg13351128

Touché
Well, it was on the previoius page 

Thanks ranlo,
Indeed. Before asking looked through past posts. Eric entry had to be omitted.

[Mikestang]

Really, you and the people after you couldn't look just 6 posts prior? Same thread even.

https://bitcointalk.org/index.php?topic=1023187.msg13351128#msg13351128

Previous page, man, and posted on xmas eve so easy to miss. It's history at that point and I only move forward, rarely do I have time to go back a page on these threads.  Thanks for pointing it out.

[densuj]

I was registered. But i can find english language on the website. Anyone can help me?

Ok thanks 

On the bottom of the page, under 'About', you can click 'English'.
Click it. Wait for the page to reload. Click again. Now it should be English. (It's a minor bug that you have to click twice)

[Outlander]

How much is the hourly dividend pay rate per btc actually?

thanks

YourApr/8760=InterestPerHour

Why the variable 8760?

Because he asked for the hourly dividend rate. There are 8760 hours in a year. Therefore, an hour is 1/8760 of the APR (as that's annual).

Althoug it is claiming that, we can only make the interest payment available for withdral on the first day of every month. If we do the withdawal in the middle of the month, we will lose the incremented interest. What is the difference of monthly interest?

[DebitMe]

How much is the hourly dividend pay rate per btc actually?

thanks

YourApr/8760=InterestPerHour

Why the variable 8760?

Because he asked for the hourly dividend rate. There are 8760 hours in a year. Therefore, an hour is 1/8760 of the APR (as that's annual).

Althoug it is claiming that, we can only make the interest payment available for withdral on the first day of every month. If we do the withdawal in the middle of the month, we will lose the incremented interest. What is the difference of monthly interest?

I am not totally sure, to be honest, within the last month while all these updates started coming up about how interest is accrued and the interest rate going down, I got pretty confused about how it works and decided to pull my coins out.  I think I will wait for a little better understanding of the new rules before reloading my account.

[crazyivan]

What s the current APR? What do you guys get now compared to about 3 months ago? As far as I understand, their interest rate s been going down constantly.

[usenet]

Wallet interest rate down from 8% to 6% and 3% on January 4
Finance is stable. Invest at least 10BTC for at least a month. Interest rate from 12% to 15.58% per annum. The longer you hold the larger interest.
HaoBTC no longer wants the hot capital.

[crazyivan]

Wallet interest rate down from 8% to 6% and 3% on January 4
Finance is stable. Invest at least 10BTC for at least a month. Interest rate from 12% to 15.58% per annum. The longer you hold the larger interest.
HaoBTC no longer wants the hot capital.

Wait, wait, whats the difference between wallet interest rate and interest rate. Is it like savings and deposit accounts? One gets locked in for a period of time and the other does not.

[usenet]

Yes.
Wallet allows you to invest the short-term (Wallet) and long-term (Finance) funds.
In the case of Finance you can withdraw funds at any time, but then you lose interest. So you should think about them as of deposit.
In the case of the wallet is simply a liquid savings.

[Eric Mu]

Scheduled maintenance announcement:
A scheduled maintenance break will take place on:
Wednesday, January 6, 2016 from 07:00 am to 09:00 am, Beijing Time
During these two hours, the HaoBTC platform, i.e. haobtc.com, will be unavailable.

[Outlander]

Wallet interest rate down from 8% to 6% and 3% on January 4
Finance is stable. Invest at least 10BTC for at least a month. Interest rate from 12% to 15.58% per annum. The longer you hold the larger interest.
HaoBTC no longer wants the hot capital.

Wait, wait, whats the difference between wallet interest rate and interest rate. Is it like savings and deposit accounts? One gets locked in for a period of time and the other does not.

The only difference is the required amount of Bitcoin put on each of the wallet. The normal wallet can be any amount, but the interest payments are unfrozen on the beginning of each month, no difference from finance one!

[ranlo]

Wallet interest rate down from 8% to 6% and 3% on January 4
Finance is stable. Invest at least 10BTC for at least a month. Interest rate from 12% to 15.58% per annum. The longer you hold the larger interest.
HaoBTC no longer wants the hot capital.

Wait, wait, whats the difference between wallet interest rate and interest rate. Is it like savings and deposit accounts? One gets locked in for a period of time and the other does not.

The only difference is the required amount of Bitcoin put on each of the wallet. The normal wallet can be any amount, but the interest payments are unfrozen on the beginning of each month, no difference from finance one!

You can withdraw from the wallet at any time and NOT lose any interest. With finance, you can't. That is a HUGE difference.

[newbieXX]

3% is better than nothin.

Is there any compounding or the 3% interest are tied to the capital only?

[Mikestang]

It compounds hourly I believe, so it really is better than nothing.  I earn as much monthly here as my "dust miners" earn from kano.is.  Every little bit adds up...

[Icon]

3% is better than nothin.

Is there any compounding or the 3% interest are tied to the capital only?

Principle only, I sent .1 BTC and watched each hour same amount, it does not compound each hour

Icon

[TracerX]

3% is better than nothin.

Is there any compounding or the 3% interest are tied to the capital only?

Principle only, I sent .1 BTC and watched each hour same amount, it does not compound each hour

Icon

You may need to watch it longer, or have a higher balance.  I have seen the paid interest amount increase consistently.