Hi all, I want to ask a question. (noob question)
I signed up on haobtc yesterday, and they asked me to set password which contains only 6 figures. What does 6 figures mean?
I tried to enter 6 digits numbers but it doesn't work.
Hope someone here can enlighten me! Thanks
Topic: [ANN] HaoBTC, mining dividend paid out hourly - page 30. (Read 56801 times)
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 !
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.
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 !
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.
Going to give this a try. I'm assuming the finance part is a fixed term loan with higher interest rate?
Also more initial capital. I believe you must put in 10 bitcoins minimum. But yes higher interest rate, but still the ability to withdraw at any time, you just lose the interest accumulated for the current month.
This is right. The account is still liquid, you just lose the 12%+ interest if you don't hold it in the account for the entire term. The money continues to net interest at the specified rate automatically after the previous term is met.
Going to give this a try. I'm assuming the finance part is a fixed term loan with higher interest rate?
Also more initial capital. I believe you must put in 10 bitcoins minimum. But yes higher interest rate, but still the ability to withdraw at any time, you just lose the interest accumulated for the current month.
Going to give this a try. I'm assuming the finance part is a fixed term loan with higher interest rate?
How many confirmations normally does it take to get coins in? I have 10 confirmations and they haven't shown up yet. Will email support.
it's actually pretty fast. 10 conf is way too long.
Update, my deposits have shown up.
How many confirmations normally does it take to get coins in? I have 10 confirmations and they haven't shown up yet. Will email support.
it's actually pretty fast. 10 conf is way too long.
How many confirmations normally does it take to get coins in? I have 10 confirmations and they haven't shown up yet. Will email support.
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 !
Hi,
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
I think they have fractional reversed wallets to secure their clients in case their hot wallets get compromised! Eric might throw some light upon this
What i worry is mostly about their exit strategy! Until they fully translate their FAQ page, (I don't trust Google Translate 
) the best bet is to wait for Eric to clear these doubts 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.
Hi,
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
I think they have fractional reversed wallets to secure their clients in case their hot wallets get compromised! Eric might throw some light upon this
What i worry is mostly about their exit strategy! Until they fully translate their FAQ page, (I don't trust Google Translate ) the best bet is to wait for Eric to clear these doubts
Hi,
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
can you explain how you ensure that the User Funds are secure? Recently a lot of Exchanges or Cloud Mining Services were hacked and User funds disappeard.
Do you have an Insurance to cover such an Issue? Did you ever an Audit of you Plattform by a third Party Security Company?
Just found out about this site and very interested in investing, but have 2 questions..
1. ) the FAQ is all in Chinese and not in English. (lol guess that's not a question )
2.) the hourly interest, is that compounded or just the initial deposit that was made?
Thanks
Icon
1. ) the FAQ is all in Chinese and not in English. (lol guess that's not a question )
2.) the hourly interest, is that compounded or just the initial deposit that was made?
Thanks
Icon
Yeah, I inquired a couple months ago about doing a translation for them and Eric said he already had someone lined up. Doesn't appear to have done anything, though.
And interest is compounded.
Just found out about this site and very interested in investing, but have 2 questions..
1. ) the FAQ is all in Chinese and not in English. (lol guess that's not a question )
2.) the hourly interest, is that compounded or just the initial deposit that was made?
Thanks
Icon
1. ) the FAQ is all in Chinese and not in English. (lol guess that's not a question )
2.) the hourly interest, is that compounded or just the initial deposit that was made?
Thanks
Icon
I have done some reading and I can't seem to find how long it will take for ROI. Hourly payments are great, but how long will it take for me to get back what I put in?
A Return On Investment is realized, by definition, as soon as your investment makes a net profit. In the case of the HaoBTC basic 6% investment account, that profit occurs as soon as the interest you earn on your deposit is more than the tx fee to transfer the btc to your investment account. For me that ROI only took a few days.If you're asking how long to double your investment, well then a simple compounding interest calculation will tell you what you're after; economics 101, my friend.
I wanted to take a few minutes out of my day to chime in regarding HAOBTC support. I was missing a deposit (less than one BTC) last night and Eric replied within six hours and the problem was rectified. Not bad, in my opinion, for such a small amount of coin held in a "foreign" account.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'll do the same & say that several weeks ago I had a similar problem. Eric promptly replied & made sure the problem was fixed by the tech support/dev team. Good customer service.
It's good to hear they're taking care of issues! I'm mostly just wondering what happens if their mining income drops significantly.. like whether or not all current balances would be repaid.
I think I touched on the topic before, but let me elaborate on it more. The plan is that we will lower the interest rate as the mining profit diminishes and eventually depletes, as it almost certainly will. Meanwhile we have been working on new projects with potential of monetization to supplant mining profit. For instance, we launched a spot trading service a couple months ago (only Chinese banks are supported, so don't get excited prematurely ) - a couple weeks ago, I was told that that we have made a couple dozens of BTC in trading commission, and the volume is still growing. Not a lot compared with mining, but at least shows that it is possible not relying on mining entirely to survive. Meanwhile, we are still expanding our mining operations - the profit will deplete but not in short term.
As I said before, the company's vision is NOT a mining company - we are more ambitious than that. I have tried not to give ppl such an impression; if you are led to think that we are a mining company, that is prob because the HaoBTC Kangding mine gets lot of publicity; understandably so - a mine is physical and visual and in case of ours, it is located in a very scenic, culturally exotic place that few set foot on, and we do exploit that for marketing purpose - we haven't been splurging money on advertisement and for all the overseas users we get, it is through honest and candid communications, as exemplified by this thread. Aside from mining, we do have a great development team working day and night on great products - please be patient.
Many startups fail not because they don't have a great vision, or a great team, but because they couldn't support themselves long enough to convince more people that the vision is legit and that they are devoted to bring it alive - in this sense, mining is just an expedient, something that carries us to the next stop. The great journey just started.
Thanks for elaborating more! I haven't heard what the end goal is, though... like what is HaoBTC, in its later years, planning to be doing for income? The trading system is a great idea, but it seems like there's actually a very different vision?
It's interesting to say that, as many make the same claim but don't mean it. I'm guessing the company holds a lot of crypto-related assets, though, in that spreading/increasing adoption is a selfish, rather than selfless, task, correct? i.e., "as awareness spreads, our money becomes more valuable, as well!"
Ehh, that is prob true. The boundary btw altruism and self-interest can be blurry. Sometimes you help people, thinking you are selfless in motivation, but at a deeper level, you may expect them to reciprocate when called upon
Yeah, I'm not against it at all. I help with many projects because the end result will be beneficial all around,
. Just seeing if we were on the same page with reasoning. I wanted to take a few minutes out of my day to chime in regarding HAOBTC support. I was missing a deposit (less than one BTC) last night and Eric replied within six hours and the problem was rectified. Not bad, in my opinion, for such a small amount of coin held in a "foreign" account.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'll do the same & say that several weeks ago I had a similar problem. Eric promptly replied & made sure the problem was fixed by the tech support/dev team. Good customer service.
It's good to hear they're taking care of issues! I'm mostly just wondering what happens if their mining income drops significantly.. like whether or not all current balances would be repaid.
I think I touched on the topic before, but let me elaborate on it more. The plan is that we will lower the interest rate as the mining profit diminishes and eventually depletes, as it almost certainly will. Meanwhile we have been working on new projects with potential of monetization to supplant mining profit. For instance, we launched a spot trading service a couple months ago (only Chinese banks are supported, so don't get excited prematurely ) - a couple weeks ago, I was told that that we have made a couple dozens of BTC in trading commission, and the volume is still growing. Not a lot compared with mining, but at least shows that it is possible not relying on mining entirely to survive. Meanwhile, we are still expanding our mining operations - the profit will deplete but not in short term.
As I said before, the company's vision is NOT a mining company - we are more ambitious than that. I have tried not to give ppl such an impression; if you are led to think that we are a mining company, that is prob because the HaoBTC Kangding mine gets lot of publicity; understandably so - a mine is physical and visual and in case of ours, it is located in a very scenic, culturally exotic place that few set foot on, and we do exploit that for marketing purpose - we haven't been splurging money on advertisement and for all the overseas users we get, it is through honest and candid communications, as exemplified by this thread. Aside from mining, we do have a great development team working day and night on great products - please be patient.
Many startups fail not because they don't have a great vision, or a great team, but because they couldn't support themselves long enough to convince more people that the vision is legit and that they are devoted to bring it alive - in this sense, mining is just an expedient, something that carries us to the next stop. The great journey just started.
Thanks for elaborating more! I haven't heard what the end goal is, though... like what is HaoBTC, in its later years, planning to be doing for income? The trading system is a great idea, but it seems like there's actually a very different vision?
It's interesting to say that, as many make the same claim but don't mean it. I'm guessing the company holds a lot of crypto-related assets, though, in that spreading/increasing adoption is a selfish, rather than selfless, task, correct? i.e., "as awareness spreads, our money becomes more valuable, as well!"
Ehh, that is prob true. The boundary btw altruism and self-interest can be blurry. Sometimes you help people, thinking you are selfless in motivation, but at a deeper level, you may expect them to reciprocate when called upon
I wanted to take a few minutes out of my day to chime in regarding HAOBTC support. I was missing a deposit (less than one BTC) last night and Eric replied within six hours and the problem was rectified. Not bad, in my opinion, for such a small amount of coin held in a "foreign" account.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'll do the same & say that several weeks ago I had a similar problem. Eric promptly replied & made sure the problem was fixed by the tech support/dev team. Good customer service.
It's good to hear they're taking care of issues! I'm mostly just wondering what happens if their mining income drops significantly.. like whether or not all current balances would be repaid.
I think I touched on the topic before, but let me elaborate on it more. The plan is that we will lower the interest rate as the mining profit diminishes and eventually depletes, as it almost certainly will. Meanwhile we have been working on new projects with potential of monetization to supplant mining profit. For instance, we launched a spot trading service a couple months ago (only Chinese banks are supported, so don't get excited prematurely ) - a couple weeks ago, I was told that that we have made a couple dozens of BTC in trading commission, and the volume is still growing. Not a lot compared with mining, but at least shows that it is possible not relying on mining entirely to survive. Meanwhile, we are still expanding our mining operations - the profit will deplete but not in short term.
As I said before, the company's vision is NOT a mining company - we are more ambitious than that. I have tried not to give ppl such an impression; if you are led to think that we are a mining company, that is prob because the HaoBTC Kangding mine gets lot of publicity; understandably so - a mine is physical and visual and in case of ours, it is located in a very scenic, culturally exotic place that few set foot on, and we do exploit that for marketing purpose - we haven't been splurging money on advertisement and for all the overseas users we get, it is through honest and candid communications, as exemplified by this thread. Aside from mining, we do have a great development team working day and night on great products - please be patient.
Many startups fail not because they don't have a great vision, or a great team, but because they couldn't support themselves long enough to convince more people that the vision is legit and that they are devoted to bring it alive - in this sense, mining is just an expedient, something that carries us to the next stop. The great journey just started.
Thanks for elaborating more! I haven't heard what the end goal is, though... like what is HaoBTC, in its later years, planning to be doing for income? The trading system is a great idea, but it seems like there's actually a very different vision?
It's interesting to say that, as many make the same claim but don't mean it. I'm guessing the company holds a lot of crypto-related assets, though, in that spreading/increasing adoption is a selfish, rather than selfless, task, correct? i.e., "as awareness spreads, our money becomes more valuable, as well!"
I wanted to take a few minutes out of my day to chime in regarding HAOBTC support. I was missing a deposit (less than one BTC) last night and Eric replied within six hours and the problem was rectified. Not bad, in my opinion, for such a small amount of coin held in a "foreign" account.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'm going to move some of my balance to the finance option within the month, as I feel that HAO will continue to see growth and provide quick support.
I'll do the same & say that several weeks ago I had a similar problem. Eric promptly replied & made sure the problem was fixed by the tech support/dev team. Good customer service.
It's good to hear they're taking care of issues! I'm mostly just wondering what happens if their mining income drops significantly.. like whether or not all current balances would be repaid.
I think I touched on the topic before, but let me elaborate on it more. The plan is that we will lower the interest rate as the mining profit diminishes and eventually depletes, as it almost certainly will. Meanwhile we have been working on new projects with potential of monetization to supplant mining profit. For instance, we launched a spot trading service a couple months ago (only Chinese banks are supported, so don't get excited prematurely ) - a couple weeks ago, I was told that that we have made a couple dozens of BTC in trading commission, and the volume is still growing. Not a lot compared with mining, but at least shows that it is possible not relying on mining entirely to survive. Meanwhile, we are still expanding our mining operations - the profit will deplete but not in short term.
As I said before, the company's vision is NOT a mining company - we are more ambitious than that. I have tried not to give ppl such an impression; if you are led to think that we are a mining company, that is prob because the HaoBTC Kangding mine gets lot of publicity; understandably so - a mine is physical and visual and in case of ours, it is located in a very scenic, culturally exotic place that few set foot on, and we do exploit that for marketing purpose - we haven't been splurging money on advertisement and for all the overseas users we get, it is through honest and candid communications, as exemplified by this thread. Aside from mining, we do have a great development team working day and night on great products - please be patient.
Many startups fail not because they don't have a great vision, or a great team, but because they couldn't support themselves long enough to convince more people that the vision is legit and that they are devoted to bring it alive - in this sense, mining is just an expedient, something that carries us to the next stop. The great journey just started.
Thanks for elaborating more! I haven't heard what the end goal is, though... like what is HaoBTC, in its later years, planning to be doing for income? The trading system is a great idea, but it seems like there's actually a very different vision?
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