Why pay for your mining if I dont get good returns.
Even at 16% - 40btc x 16% = 6.4btc per year.
So my monthly is = 0.53 per month.
This is after investing for a whole year, and hoping that you guys dont run into any issues.
I could earn more @ hashnest with my funds.
So what incentives do I get for putting my money with you guys?
Can you resell GHash with hashnest?
With hashnest your principal is invested and not easily withdrawn, isn't it?
Yes you can sell your GH/s anytime on the market.
Market prices are also very stable and dont move much at the moment.
I'm wondering, why is the banking interest so high at 8%? How can you guarantee an interest that high??? Here in Canada, savings accounts offer interests of ~1%...
The interest rate for the HaoBTC Bank is adjusted according to multiple variables, chief of them all our profitability and competitor offerings. It may drop to 1% one day (highly probable given the Bitcoin's diminishing return design ), but now we decide 8% is something that we can afford and makes us competitive enough.
I notice that I get polarized responses when I ask people what do they think of our interest rate - they either think it is too high - so we must be running a Ponzi, or too low - that we are exploiting people and the risk is too much for the tiny gain.
Everything is sort of made up in the Bitcoin space. The currency is not a currency and a smart contract is not a contract, not the type you always thought you knew, at least. The same goes for our bank.
We are definitely not registered as a bank, which would be near impossible in this environment.
All China-based Bitcoin companies, HaoBTC included, were registered as general Internet technology companies.