[ANN] HaoBTC, mining dividend paid out hourly - page 18.

Mikestang

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Quote from: Icon on January 26, 2016, 05:00:26 PM

You only earn the interest at the first of each month, used to earn hourly and withdraw, now if you withdraw before the first of the month you'll loose the interest you accrued during that month.

Oh and pay withdraw fees Sad

No, you still earn interest hourly in Wallet, but it is "frozen" until the 1st of the next month so you cannot withdraw it before then, but you still earn it.

Quote from: Eric Mu on December 03, 2015, 10:02:14 PM

[click post link above]

I have not seen the post regarding withdraw fees, can you link to it please?

Icon

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Quote from: Mikestang on January 26, 2016, 04:34:03 PM

Quote from: Eric Mu on January 26, 2016, 09:13:21 AM

HaoBTC offers two types of accounts:
Wallet: interest rate 3% APR
Finance: interest rate 12% - 15.58% APR; interest rate increases incrementally every month

Wallet has no minimum deposit and you can withdraw at any time and still earn interest. Finance has a minimum deposit amount (10btc I think) and you have to keep it deposited for a fixed amount of time to earn interest.

You only earn the interest at the first of each month, used to earn hourly and withdraw, now if you withdraw before the first of the month you'll loose the interest you accrued during that month.

Oh and pay withdraw fees Sad

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Mikestang

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Quote from: Eric Mu on January 26, 2016, 09:13:21 AM

HaoBTC offers two types of accounts:
Wallet: interest rate 3% APR
Finance: interest rate 12% - 15.58% APR; interest rate increases incrementally every month

Wallet has no minimum deposit and you can withdraw at any time and still earn interest. Finance has a minimum deposit amount (10btc I think) and you have to keep it deposited for a fixed amount of time to earn interest.

Eric Mu

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Quote from: crazyivan on January 26, 2016, 03:23:29 AM

Quote from: zalucia on January 25, 2016, 04:32:45 PM

Quote from: crazyivan on January 25, 2016, 04:09:19 PM

Quote from: wlefever on January 25, 2016, 11:35:54 AM

What's in it for us is the interest earned on deposited coins. There really isn't anything more to it. They use our invested capital to expand their farm, and we earn interest payments for temporarily loaning our coins.

Haobtc can't help the fact that the bitcoin network is constantly increasing which shrinks their margins just like any miner. If btc price keeps appreciating they will be able to afford to make the interest payments a little longer but not forever at the same rate.

I understand that but even Hashnest Pacmic, which is basically the same things, pays about 12% a year, so about 3-4x HAO. This is a very competitive market, that s my entire point. I m not going to comment anymore on this.

The HaoBTC has a 12-15% interest rate for monthly saving account, it is better than the Pacmic. If the difficulty rise, you might not get back the original investment from Pacmic.

12-15%? I was told it s just above 3%. Please clarify this.

HaoBTC offers two types of accounts:
Wallet: interest rate 3% APR
Finance: interest rate 12% - 15.58% APR; interest rate increases incrementally every month

crazyivan

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Quote from: zalucia on January 25, 2016, 04:32:45 PM

Quote from: crazyivan on January 25, 2016, 04:09:19 PM

Quote from: wlefever on January 25, 2016, 11:35:54 AM

What's in it for us is the interest earned on deposited coins. There really isn't anything more to it. They use our invested capital to expand their farm, and we earn interest payments for temporarily loaning our coins.

Haobtc can't help the fact that the bitcoin network is constantly increasing which shrinks their margins just like any miner. If btc price keeps appreciating they will be able to afford to make the interest payments a little longer but not forever at the same rate.

I understand that but even Hashnest Pacmic, which is basically the same things, pays about 12% a year, so about 3-4x HAO. This is a very competitive market, that s my entire point. I m not going to comment anymore on this.

The HaoBTC has a 12-15% interest rate for monthly saving account, it is better than the Pacmic. If the difficulty rise, you might not get back the original investment from Pacmic.

12-15%? I was told it s just above 3%. Please clarify this.

Mikestang

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Quote from: Eric Mu on January 25, 2016, 01:59:48 AM

We just hosted the our first end-of-the-year (Chinese calendar ) event cum Chinese Bitcoin Conference last Saturday at Binggo Cafe in Beijing. The event was attended by over 50 members of the Chinese Bitcoin community, including some of the most prominent figures, such as Wu Jihan, CEO of Bitmain, the company behind Antminer and Antpool. The guests held a lively discussion over a range of topics, esp. the recent debate regarding two competing proposals over the Bitcoin protocol, namely the Bitcoin Core and Bitcoin Classic.

Congrats on the event, I saw the postings on twitter. Good to see HaoBTC taking a proactive stance, and as I understand it the Chinese big guns are in favor of a 2MB block size.

zalucia

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Quote from: crazyivan on January 25, 2016, 04:09:19 PM

Quote from: wlefever on January 25, 2016, 11:35:54 AM

What's in it for us is the interest earned on deposited coins. There really isn't anything more to it. They use our invested capital to expand their farm, and we earn interest payments for temporarily loaning our coins.

Haobtc can't help the fact that the bitcoin network is constantly increasing which shrinks their margins just like any miner. If btc price keeps appreciating they will be able to afford to make the interest payments a little longer but not forever at the same rate.

I understand that but even Hashnest Pacmic, which is basically the same things, pays about 12% a year, so about 3-4x HAO. This is a very competitive market, that s my entire point. I m not going to comment anymore on this.

The HaoBTC has a 12-15% interest rate for monthly saving account, it is better than the Pacmic. If the difficulty rise, you might not get back the original investment from Pacmic.

crazyivan

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Quote from: wlefever on January 25, 2016, 11:35:54 AM

What's in it for us is the interest earned on deposited coins. There really isn't anything more to it. They use our invested capital to expand their farm, and we earn interest payments for temporarily loaning our coins.

Haobtc can't help the fact that the bitcoin network is constantly increasing which shrinks their margins just like any miner. If btc price keeps appreciating they will be able to afford to make the interest payments a little longer but not forever at the same rate.

I understand that but even Hashnest Pacmic, which is basically the same things, pays about 12% a year, so about 3-4x HAO. This is a very competitive market, that s my entire point. I m not going to comment anymore on this.

wlefever

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What's in it for us is the interest earned on deposited coins. There really isn't anything more to it. They use our invested capital to expand their farm, and we earn interest payments for temporarily loaning our coins.

Haobtc can't help the fact that the bitcoin network is constantly increasing which shrinks their margins just like any miner. If btc price keeps appreciating they will be able to afford to make the interest payments a little longer but not forever at the same rate.

crazyivan

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Quote from: Eric Mu on January 24, 2016, 04:00:35 AM

Quote from: crazyivan on January 24, 2016, 03:14:25 AM

Quote from: Icon on January 23, 2016, 05:51:02 PM

Quote from: crazyivan on January 23, 2016, 05:47:56 PM

What is the current savings interest rate?

Thx

3% APR which is .25% monthly, still higher then many banks savings.. Sad

Icon

Update:

This paying for withdraw fees is getting old, that's one thing you don't have to worry about on coinbase, think i am done here till they remove the withdraw fees, lol paying more in fees then i am earning on monthly interest Sad

So it s gonna down a lot since they started. What s the main cause behind this drop? Abundance of capital?

Yes, that is the main rationale.
I would like to remind ppl, as I did a few times before, given the nature of Bitcoin, the interest rate is more likely to move downward than otherwise.

So what s the point of operating this service then in the first place? If the interest rate goes down to 1%, the only one who profit from this venture is HAO BTC, cause you guys obtain cheap loans to expand your operations. I m not trying to criticize you or anything, I m simply trying to figure out what s there for us, ordinary users.

Eric Mu

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We just hosted the our first end-of-the-year (Chinese calendar ) event cum Chinese Bitcoin Conference last Saturday at Binggo Cafe in Beijing. The event was attended by over 50 members of the Chinese Bitcoin community, including some of the most prominent figures, such as Wu Jihan, CEO of Bitmain, the company behind Antminer and Antpool. The guests held a lively discussion over a range of topics, esp. the recent debate regarding two competing proposals over the Bitcoin protocol, namely the Bitcoin Core and Bitcoin Classic.

Eric Mu

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Quote from: crazyivan on January 24, 2016, 03:14:25 AM

Quote from: Icon on January 23, 2016, 05:51:02 PM

Quote from: crazyivan on January 23, 2016, 05:47:56 PM

What is the current savings interest rate?

Thx

3% APR which is .25% monthly, still higher then many banks savings.. Sad

Icon

Update:

This paying for withdraw fees is getting old, that's one thing you don't have to worry about on coinbase, think i am done here till they remove the withdraw fees, lol paying more in fees then i am earning on monthly interest Sad

So it s gonna down a lot since they started. What s the main cause behind this drop? Abundance of capital?

Yes, that is the main rationale.
I would like to remind ppl, as I did a few times before, given the nature of Bitcoin, the interest rate is more likely to move downward than otherwise.

crazyivan

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Quote from: Icon on January 23, 2016, 05:51:02 PM

Quote from: crazyivan on January 23, 2016, 05:47:56 PM

What is the current savings interest rate?

Thx

3% APR which is .25% monthly, still higher then many banks savings.. Sad

Icon

Update:

This paying for withdraw fees is getting old, that's one thing you don't have to worry about on coinbase, think i am done here till they remove the withdraw fees, lol paying more in fees then i am earning on monthly interest Sad

So it s gonna down a lot since they started. What s the main cause behind this drop? Abundance of capital?

Eric Mu

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Quote from: mandica on January 23, 2016, 10:42:10 AM

Quote from: Indianacoin on January 23, 2016, 07:02:52 AM

I am wondering how is HaoBTC going to backup the investment value during the Bitcoin Classic split-up session during the upcoming weeks.
It will be a radical decision to make and there is no coming back I guess.

I hope all goes well during that time.

It will be quite difficult if we all withdraw from the HaoBTC to our own account. HaoBTC does not have enough coin as it has sold to buy mining equipment. So it has to calm the market by saying that will let users to have both Core and Classic Coins.

FYI, I attended our (belated) end-of-the-year event attended by some of the most prominent Chinese Bitcoiners last night. The consensus among those who attended - including our company, is that:
1. The ideal scenario would be 2MB block size through Core;
2. Failing that, Classic but the current 75% blocks adoption activation trigger should be raised to no lower than 90%.

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Quote from: crazyivan on January 23, 2016, 05:47:56 PM

What is the current savings interest rate?

Thx

3% APR which is .25% monthly, still higher then many banks savings.. Sad

Icon

Update:

This paying for withdraw fees is getting old, that's one thing you don't have to worry about on coinbase, think i am done here till they remove the withdraw fees, lol paying more in fees then i am earning on monthly interest Sad

crazyivan

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What is the current savings interest rate?

Thx

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ya doesn't matter what they choose, all the wallet.dat file is just a private sha256d key, so.. as long as everyone stays on that, we are fine . the fork(s) are just the qt version(s) that we all decide to use.

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usenet

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Quote from: mandica on January 23, 2016, 10:42:10 AM

Quote from: Indianacoin on January 23, 2016, 07:02:52 AM

I am wondering how is HaoBTC going to backup the investment value during the Bitcoin Classic split-up session during the upcoming weeks.
It will be a radical decision to make and there is no coming back I guess.

I hope all goes well during that time.

It will be quite difficult if we all withdraw from the HaoBTC to our own account. HaoBTC does not have enough coin as it has sold to buy mining equipment. So it has to calm the market by saying that will let users to have both Core and Classic Coins.

I think that Eric should you comment on this statement.
I think that HaoBTC investing in new mines. Of course, also sells old equipment to replace them with new ones for example avalon 6 instead of antminer s3.
I think It does not matter if they hard fork for classic unlimtied or anything else, your coins will always be one.

wlefever

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Quote from: kingaltcoins on January 20, 2016, 02:22:11 PM

Quote from: wlefever on January 20, 2016, 01:25:24 PM

Quote from: novgod on January 20, 2016, 01:14:07 PM

website is not in English, too bad Huh

You can change the language to English @ the bottom of the page, or when you log in.

All of those pages translate on my tablet when clicking English at the bottom of the page. Can't speak for my laptop atm.

Also I was talking about just haobtc.com where you deposit coins for the interest wallet and financing option anyways...

mandica

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Quote from: Indianacoin on January 23, 2016, 07:02:52 AM

I am wondering how is HaoBTC going to backup the investment value during the Bitcoin Classic split-up session during the upcoming weeks.
It will be a radical decision to make and there is no coming back I guess.

I hope all goes well during that time.

It will be quite difficult if we all withdraw from the HaoBTC to our own account. HaoBTC does not have enough coin as it has sold to buy mining equipment. So it has to calm the market by saying that will let users to have both Core and Classic Coins.

Topic: [ANN] HaoBTC, mining dividend paid out hourly - page 18. (Read 56798 times)