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Topic: [ANN] HaoBTC, mining dividend paid out hourly - page 28. (Read 56836 times)

newbie
Activity: 23
Merit: 0
Issue was resolved, thanks.
sr. member
Activity: 471
Merit: 500
I have just experienced a problem sending 50 BTC from my account. The account says the funds were sent, but blockchain says there is no transaction. Please fix the problem ASAP. Funds are missing when I need them.

Would help a lot if you can send a screenshot to [email protected].
hero member
Activity: 602
Merit: 501
I have just experienced a problem sending 50 BTC from my account. The account says the funds were sent, but blockchain says there is no transaction. Please fix the problem ASAP. Funds are missing when I need them.

Its a common issue when using external wallets like from an exchange for example. You wont be able to see the transaction on blockchain until it hits 1 confirmation. Had been experiencing this for the past few days.

Weird... I've never had this issue. And even when withdrawing from HaoBTC, it showed up instantly.

Not too sure mate, i thought it was due to the blockchain malleability attacks
legendary
Activity: 1988
Merit: 1007
I have just experienced a problem sending 50 BTC from my account. The account says the funds were sent, but blockchain says there is no transaction. Please fix the problem ASAP. Funds are missing when I need them.

Its a common issue when using external wallets like from an exchange for example. You wont be able to see the transaction on blockchain until it hits 1 confirmation. Had been experiencing this for the past few days.

Weird... I've never had this issue. And even when withdrawing from HaoBTC, it showed up instantly.
hero member
Activity: 602
Merit: 501
I have just experienced a problem sending 50 BTC from my account. The account says the funds were sent, but blockchain says there is no transaction. Please fix the problem ASAP. Funds are missing when I need them.

Its a common issue when using external wallets like from an exchange for example. You wont be able to see the transaction on blockchain until it hits 1 confirmation. Had been experiencing this for the past few days.
newbie
Activity: 23
Merit: 0
I have just experienced a problem sending 50 BTC from my account. The account says the funds were sent, but blockchain says there is no transaction. Please fix the problem ASAP. Funds are missing when I need them.
legendary
Activity: 1988
Merit: 1007
I thought I have made this clear already - It is NOT that we don't want 3rd-party scrutiny. It is that we don't have that option. To be a little blunt, I don't know any insurance company, Chinese or foreign, that want to insure for a BTC mine and for a reasonable cost.
If anyone think I don't like the idea, they are barking at the wrong tree.
I for instance championed the idea of a BTC central bank that conducts irregular audits and reinforce best practice behaviors. The article is still online and with lots of angry comments, calling me statist and etc.
HaoBTC is not my own company. Getting anything done requires persuasion and consensus seeking. HaoBTC is a business, if I propose a project involving money spending, there is personal risk - what if the company pays a lot of money and users don't grow and the money gets wasted?
If you want that to happen, a more constructive way would be find out which insurer offer this kind of service and what are their rates, etc.

My response was to Monbux (hence why I quoted him). I have read what you said about the insurance -- it doesn't make things any better, Smiley.

I do think, however, that maybe having a third party do a proof of liabilities check would be good.
sr. member
Activity: 471
Merit: 500

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?

I didn't like their answer. They need a contingency plan in place. Any business prospectus has one, as it's the main thing an investor needs to know. If an asteroid hits their mining operation right now and decimates it, their answer is "we'll have to see what to do when that happens." That doesn't inspire confidence.
The thing is, if the companies claim that they'll reimburse everyone, they might not stick true to their word unless it's documented legally... and I doubt that haobtc fits that category.  I guess it's all a measure of risk and reward.

This is why having a 3rd-party is monumental. For example, Coinbase. Also, having a major backing, as those investors won't let a company just walk away.

I thought I have made this clear already - It is NOT that we don't want 3rd-party scrutiny. It is that we don't have that option. To be a little blunt, I don't know any insurance company, Chinese or foreign, that want to insure for a BTC mine and for a reasonable cost.
If anyone think I don't like the idea, they are barking at the wrong tree.
I for instance championed the idea of a BTC central bank that conducts irregular audits and reinforce best practice behaviors. The article is still online and with lots of angry comments, calling me statist and etc.
HaoBTC is not my own company. Getting anything done requires persuasion and consensus seeking. HaoBTC is a business, if I propose a project involving money spending, there is personal risk - what if the company pays a lot of money and users don't grow and the money gets wasted?
If you want that to happen, a more constructive way would be find out which insurer offer this kind of service and what are their rates, etc.
sr. member
Activity: 471
Merit: 500

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?

The exchange on HaoBTC.
legendary
Activity: 1988
Merit: 1007

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?

I didn't like their answer. They need a contingency plan in place. Any business prospectus has one, as it's the main thing an investor needs to know. If an asteroid hits their mining operation right now and decimates it, their answer is "we'll have to see what to do when that happens." That doesn't inspire confidence.
The thing is, if the companies claim that they'll reimburse everyone, they might not stick true to their word unless it's documented legally... and I doubt that haobtc fits that category.  I guess it's all a measure of risk and reward.

This is why having a 3rd-party is monumental. For example, Coinbase. Also, having a major backing, as those investors won't let a company just walk away.
legendary
Activity: 1736
Merit: 1029

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?

I didn't like their answer. They need a contingency plan in place. Any business prospectus has one, as it's the main thing an investor needs to know. If an asteroid hits their mining operation right now and decimates it, their answer is "we'll have to see what to do when that happens." That doesn't inspire confidence.
The thing is, if the companies claim that they'll reimburse everyone, they might not stick true to their word unless it's documented legally... and I doubt that haobtc fits that category.  I guess it's all a measure of risk and reward.
legendary
Activity: 1988
Merit: 1007

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?

I didn't like their answer. They need a contingency plan in place. Any business prospectus has one, as it's the main thing an investor needs to know. If an asteroid hits their mining operation right now and decimates it, their answer is "we'll have to see what to do when that happens." That doesn't inspire confidence.
legendary
Activity: 1736
Merit: 1029

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

That's for providing us with an honest answer.  I think that I'll still continue to keep some of my BTC on your website.  When you talk about exchange, are you referring to the exchange on haobtc or another one?
full member
Activity: 239
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
easy way to find that, take your deposit BTC * .06 * 24 hours Smiley

Icon


take the balance of deposit then apply the formula u posted because the interest is compounded Wink

Isn't it quite much? Could it be ponzi?

That's the wrong formula, since 6% is the interest yearly, not hourly.

Use this instead to find your interest per hour: (Deposit * 0.06) / 8760

per day: (Deposit * 0.06) / 365

That makes more sense. Thanks.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
easy way to find that, take your deposit BTC * .06 * 24 hours Smiley

Icon


take the balance of deposit then apply the formula u posted because the interest is compounded Wink

Isn't it quite much? Could it be ponzi?

That's the wrong formula, since 6% is the interest yearly, not hourly.

Use this instead to find your interest per hour: (Deposit * 0.06) / 8760

per day: (Deposit * 0.06) / 365
full member
Activity: 239
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
easy way to find that, take your deposit BTC * .06 * 24 hours Smiley

Icon


take the balance of deposit then apply the formula u posted because the interest is compounded Wink

Isn't it quite much? Could it be ponzi?
legendary
Activity: 1988
Merit: 1007
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.

This would make no sense for employees to do this, unless you're more embedded in the company than we realize...
sr. member
Activity: 471
Merit: 500

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
We do have some contingency plans, but a catastrophe is a catastrophe, nobody knows what it is going to be like until it strikes. The most realistic one is that our exchange - which has been generating trickle of profit, will be big enough so we can use that profit to cover the loss of the mining facility.
The CEO did suggest that we should pay our users' money even if we have get jobs elsewhere - not sure how serious he is though.
legendary
Activity: 1736
Merit: 1029

I wouldn't be worried about exit strategy. Just securing funds. As Eric has said in response to my questions, the worst that would happen to users is no more interest. But asking what happens if they're hacked is a great question.

I think they need to introduce some bounty campaigns in order to detect any backdoor(s) if present within their databases. And most importantly, trusting their staff members is vital to run an investment scheme where any miracle may happen anytime and the staff members doesn't run away with all the funds ! Wink

Technically, they have a bounty system: the hot wallet, :p.

I get where you're coming from, though. I'm personally less worried about site security than I am what they do if it's compromised. To me, it's like a bank: if the bank gets robbed, it doesn't affect me. I don't care about their security protocols, I just care about the end result for me, considering I have no say in how they run their business/secure it.
Has Eric answered to what the company would do IF they did get hacked and lost a large amount of users' bitcoins?

This is one of the frequently asked questions and I did answered it before.
Most of the users' coins were used to invest in our mining facility - FYI our second farm is currently under construction.
So they are in the form of bricks, cement, rein bars, steel sheets and silicon chips and plastic motherboards, they are physical therefore hacker-proof.
That is not to say that there aren't any risks.
There are still thieves, fire, earthquakes, aged transformer and Internet outage to worry about.
OK, and say that the mining farm was robbed of half its miners, or an earthquake destroyed everything.  What would happen then?
legendary
Activity: 1500
Merit: 1002
Mine Mine Mine
easy way to find that, take your deposit BTC * .06 * 24 hours Smiley

Icon


take the balance of deposit then apply the formula u posted because the interest is compounded Wink
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