1) As I said, the 0.01BTC fee is actually a relatively new feature.
Feature? I associate features with benefits.
This car has a 5.0L engine.Benefit:
This car will zoom pass the others and you will get home faster.Feature:
We will charge you 0.01 (even though we could make it lower).Benefit:
After you get to 0.01 BTC and find out about the fee (that's when you find out, by the way), you would stop mining and we keep your BTC.
That meant that the site owner got hit with a 0.01 fee for transactions that were often less that 0.01BTC in themselves. Not cost effective,
It BTC wants to be cost effective, then use JK's information (taken from another thread):
The fee is per transaction, not per recipient. Assuming he's paying 10 people at a time out of a block he mined a few hours ago, he never would have to pay anywhere near .01 per recipient. Maybe it's a scam, but maybe he's just too lazy to group his transactions. If he keeps doing very small payouts from the same block, he's doing one transaction per payout and they're all going to be with newish coins.
BTC is not going to do this, because it would hurt their scam. Right now they are saying, "Hey, it's not our fault that you have to pay the 0.01 fee, blame the BTC network. It's their fault, our hands are tied." Of course the fee is now 0.0005, however BTC doesn't mention that (bad for the scam).
so he introduced passing the fee on to the clients. Introduced?
That's kind. How was it introduced to you. Was it when you tried to transfer BTC.
Now I agree that that should be better communicatedBetter Communicated?
Again, that's kind. It was not communicated at all. Look at the site and find the communication. You will not find it.
(or at worst, not being up front)
BCP is (maybe
) not being up front? Say it isn't so. What they are doing is scamming. Lying by omission is lying by either omitting certain facts or by failing to correct a misconception. See http://rationalwiki.org/wiki/Lying_by_omission
for more details. Lying by omission is scamming.
I have successfully mined about 0.20BTC and successfully withdrawn it.
Is this before or after the introduction of the new feature?
could you send me the address of this transaction so I can see for myself?
If it was a true scam, the withdrawals would have just failed and the owner would have pocketed what little I had earned.
That is not how the scam works. They scam from people who know found out it's a scam and don't want to play that game again.
Here is how it works. You goto BCP and starting mining.
-You get your 1st payout (Yea!!) and attempt to transfer your BTC. This is when that you told that you need a minimum of 0.01 to transfer.*
-You get to at least 0.01 and now you are told that you can't transfer because of a 0.01 fee.*
-You contact BTC via email and the say that you really need 0.02 to transfer and 0.01 would be lost because of the fee. Two points to make on this. BTC can lower the fee if the want (by using JK's info and/or updating their BTC client). On their site, when you try to transfer funds, it says that it is a 0.01 minimum to transfer.
What would you do? Mine until you get to 0.02 and lose 0.01. Or call it quits, step away and know that they are keeping your BTC.
When it happened to me, I called it quits (but not right away). While stepping away, I had to give it up to BTC. Great scam.
Very well played sir, very well played.
This is a site that had bad foresight as to how users would use the system
I think they knew what they were doing from the start. If not, they saw the opportunity for starting a scam and took it.
In either case, still a scam.
* It is not listed anywhere else on the site.