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Eric Mu (OP)
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March 02, 2016, 02:23:26 AM |
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2% interest is not good enough to attract normal investors, comparing with the associated risk level. There are many investments in crypto world, which yield more than 5% yearly.
HaoBTC is a wallet first and an investment vehicle second. We mine BTC not only cuz it is profitable, also because hashing power is voting power in the world of Bitcoin. If you are looking for a high-risk, high-yielding investment, HaoBTC may not be what you are after. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Eric Mu (OP)
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March 02, 2016, 02:25:40 AM
Last edit: March 02, 2016, 05:29:30 AM by eric@haobtc |
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2% interest is not good enough to attract normal investors, comparing with the associated risk level. There are many investments in crypto world, which yield more than 5% yearly.
could you kindly show me what are this kind of investment that yeld more than 5% yearly? I'm interested but i think that the risk level is high MoneyPot is up +4% in 2 months. May be a bit biased though, :p. how can i eventually invest in it? It should be just as easy as using any web wallets such as Coinbase. Register and make a deposit; sit back and wait for your first interest payment to arrive. |
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jpdorn
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March 02, 2016, 05:31:33 AM |
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i have read the FAQ section in the site, but i have to confirm some things:
- do you charge fees over btc withdraw/deposit and cny deposit? and even for smallers bitcoins withdraws/send btc to another wallet?
- is there a minimum amount to send to another wallets?
- if i put coins in the wallet, and withdraw it in 30 days, the interest will be 0.25%?
Thank you.
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Eric Mu (OP)
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March 02, 2016, 05:47:05 AM
Last edit: March 02, 2016, 05:57:13 AM by eric@haobtc |
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> i have read the FAQ section in the site, but i have to confirm some things:
- do you charge fees over btc withdraw/deposit and cny deposit? and even for smallers bitcoins withdraws/send btc to another wallet?
BTC withdrawal:
For amount less than 1BTC, a fixed fee of 0.001BTC;
for amount larger than (including) 1BTC, no fee;
Transactions between two HaoBTC accounts are free.
CNY deposit:
Free
> is there a minimum amount to send to another wallets?
No.
> if i put coins in the wallet, and withdraw it in 30 days, the interest will be 0.25%?
Yes.
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March 03, 2016, 04:43:25 PM |
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> i have read the FAQ section in the site, but i have to confirm some things:
- do you charge fees over btc withdraw/deposit and cny deposit? and even for smallers bitcoins withdraws/send btc to another wallet?
BTC withdrawal:
For amount less than 1BTC, a fixed fee of 0.001BTC;
for amount larger than (including) 1BTC, no fee;
Transactions between two HaoBTC accounts are free.
CNY deposit:
Free
> is there a minimum amount to send to another wallets?
No.
> if i put coins in the wallet, and withdraw it in 30 days, the interest will be 0.25%?
Yes.
Lol you do realize .25% means if I put in 1 btc I would earn in one month .25 btc right.. Icon |
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wlefever
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Activity: 1173
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March 03, 2016, 06:59:08 PM |
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Lol you do realize .25% means if I put in 1 btc I would earn in one month .25 btc right..
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Might wanna take a look at your math again there bud |
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Mikestang
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Activity: 1274
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March 03, 2016, 07:59:59 PM |
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HaoBTC is a wallet first and an investment vehicle second.
Interesting to see it that way now, when I started here and interest was 9% on the regular "wallet" account I think HaoBTC was viewed much more as an investment vehicle. My unused coin will stay here as long as interest is paid, hopefully some day my balance will be >10 BTC so I can get out of the 2% bracket, until then I'm happy to be earning something. |
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jpdorn
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March 03, 2016, 10:12:58 PM |
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Lol you do realize .25% means if I put in 1 btc I would earn in one month .25 btc right..
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Might wanna take a look at your math again there bud he almost made me put 10 bitcoins with his crazy mathematics. |
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ranlo
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March 03, 2016, 10:59:03 PM |
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Lol you do realize .25% means if I put in 1 btc I would earn in one month .25 btc right..
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Might wanna take a look at your math again there bud he almost made me put 10 bitcoins with his crazy mathematics. I was going to deposit all 21,000,001 of mine. Then I realized he confused 0.25% with 25%. Saved me! |
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Eric Mu (OP)
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March 06, 2016, 06:55:28 AM |
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I assume everyone on this thread is fairly well-educated on the subject matter thus I am gonna assume you are aware of that Bitcoin has a fixed monetary base meaning in the long run, it will stop to grow, meaning anyone who promise you sustainable double digit interest rate is highly suspicious of running a scam, which, of course, we have no intension doing. So the only logical alternative in the future is constant, albeit controlled and moderate, drop of interest.
In response to the Wallet first and Investment Vehicle Second, when we first launched, we wanted to do a CoinBase-style web wallet, but what can we offer our users that CoinBase can't? The answer is that we know how to run a mining data centre profitably, ergo the first interest-bearing wallet in the space. But in the long run, what we want to do is a wallet as opposed to a cloud mining company.
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mandica
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March 06, 2016, 12:33:35 PM |
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I assume everyone on this thread is fairly well-educated on the subject matter thus I am gonna assume you are aware of that Bitcoin has a fixed monetary base meaning in the long run, it will stop to grow, meaning anyone who promise you sustainable double digit interest rate is highly suspicious of running a scam, which, of course, we have no intension doing. So the only logical alternative in the future is constant, albeit controlled and moderate, drop of interest.
In response to the Wallet first and Investment Vehicle Second, when we first launched, we wanted to do a CoinBase-style web wallet, but what can we offer our users that CoinBase can't? The answer is that we know how to run a mining data centre profitably, ergo the first interest-bearing wallet in the space. But in the long run, what we want to do is a wallet as opposed to a cloud mining company.
In the long term, the interest of bitcoin should be less than 5%, which is higher than the world economy growth. |
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Mikestang
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March 16, 2016, 05:23:05 PM
Last edit: March 17, 2016, 04:34:18 AM by Mikestang |
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Well now I can withdraw at some point in the future for no fee.  Got another 2 months to earn that 3% still before it drops. |
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March 17, 2016, 01:39:35 AM |
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ah i think you still pay a fee even if you have over 1 btc in your account, only way you don't pay a fee is if you withdraw at one time 1 btc or higher, having 1 btc in your account and you withdraw less then 1 btc will trigger the fee, ... I think
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maokoto
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March 17, 2016, 02:58:41 AM |
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Interest is fair and not bad considering that you just have to put your BTC to sit there. It is true that you can collect more interest by investing in some good POS altcoins, but that is risky, as those altcoins can drop in price swiftly.
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Mikestang
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Activity: 1274
Merit: 1000
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March 17, 2016, 04:33:52 AM |
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ah i think you still pay a fee even if you have over 1 btc in your account, only way you don't pay a fee is if you withdraw at one time 1 btc or higher, having 1 btc in your account and you withdraw less then 1 btc will trigger the fee, ... I think
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Yea, that's what I meant, that I could withdraw it all without a fee. I think I understand it the same as you, tx > 1btc doesn't pay a fee. Only reason I would withdraw would be to get it all, so now I can. |
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romjpn
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March 29, 2016, 04:14:17 AM |
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What's the actual interest % of the "finance" account ? All I see is a table with 12 months and a percentage under it. Is it monthly (which would be very high) or annual (which is still quite high) ?
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---~~~***~~~--- http://InvestBitcoinGuide.com ---~~~***~~~--- Invest your bitcoins/altcoins into legit businesses. Get solid returns ! We hate scams and ponzis ! |
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Eric Mu (OP)
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March 29, 2016, 09:09:06 AM |
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What's the actual interest % of the "finance" account ? All I see is a table with 12 months and a percentage under it. Is it monthly (which would be very high) or annual (which is still quite high) ?
It is annual but increases incrementally at the end of every month that your money has been with us. |
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JanpriX
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March 29, 2016, 06:20:28 PM |
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Hi HaoBTC,
I just would like to ask. What is the interest rate in your wallet? Haven't registered yet so I can't check it. Thanks in advance for answering.
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Mikestang
Legendary
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Activity: 1274
Merit: 1000
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March 29, 2016, 10:04:32 PM |
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The wallet is earning 3% for like another month, then they are dropping it to 2% for the upcoming halving.
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romjpn
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March 31, 2016, 03:09:44 AM |
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What's the actual interest % of the "finance" account ? All I see is a table with 12 months and a percentage under it. Is it monthly (which would be very high) or annual (which is still quite high) ?
It is annual but increases incrementally at the end of every month that your money has been with us. Thank you for your answer. Just another small question : What do you do with customers' money in the "finance" account ? From where are you pulling the profits ? I'll list you on my website if there is nothing too shady . |
---~~~***~~~--- http://InvestBitcoinGuide.com ---~~~***~~~--- Invest your bitcoins/altcoins into legit businesses. Get solid returns ! We hate scams and ponzis ! |
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