Topic: [Auction] Website generating profit of $300-400 per month - page 4. (Read 17718 times)

Agreed [Knowhow], and while on that topic seller, please share the trends.  IE Quarterly financials for 4 quarters, and/or a few years worth of annual data.

Besides the fact that this is the most basic information about a potential investment to analyze it, it addresses a concern when reviewing this particular business.  

The concern has already been expressed here.  In this site, expenses (especially to top users, or users becoming top users) are likely to continually increase as the bonuses of each account steadily rise.  If you don't get more new users on a regular basis (which you pay 0 or little to as they build up their game), the balance tips and the game loses money.

You can make changes to become more profitable, but at the risk of angering and alienating your users, and thus your income stream and trust in the community.

Related, you probably should publish statistics on new returning user growth or perhaps number of page views by users that are less than X months old (3 months might make a good dividing line?  seems to take several months to build up to anything even remotely worthwhile to pay-out).

True, I'd also like to know the upkeep costs of maintaining the site. Further, what sort of server is required to run the website? I guess, I am interested, will talk to the team though.

Do you mind sharing the upkeep costs for the website? Do you have an estimate of how many hours/week of work it takes to maintain the site?

Man look even the income being 1,5btc daily,each account top 40 taking around 0.25btc daily and do the match ,income and outcome is getting out of control,meaning the more users improve their accounts the less will stay in the pocket of the game.

The big fact is those incove somedays is bigger then others,soo those income should be the maximum earned in a day others days the support should be less,soo who will buy this if this will happen ,well need to manage those to avoid bankrupt,i guess thats why admin need to change to the new version round based that way he can get some income bigger then those.

The video states 1.5 BTC per day (~$300-400/day) comes in, but the subject here states $300-400 per month. 

Is the site paying out 96% of its profits or is there something else going on here? 

Can you post some financial data like gross monthly (BTC), expenses, net income, etc?

Is there a link to the auction site so you can watch and/or bid?

so christian has finally destroyed the site for you, with his lies, abuse, angry replies, etc
if you wanted to keep the site running then members would understand any slowness in updating the site.
i hope you have learned that allowing people like christian to claim that they are the admin will always destroy any project that you attempt in the future.
will you pay all outstanding balances before you sell?

That's a real bummer. Can you at least keep the game running while you're working on the sale? The last few days that I've tried to do the active mining, the amount of my resources has not advanced at all.

This should probably be in the Auctions board, since it's not a direct selling of the website for a fixed price.


Does that mean that the new owner will get the development of what you've already done towards v2? Can you specify how much you've done and how much there is required to do?

I understand your point but maybe the game wont sell,and if sell the new owner can make the new version and that way all can keep playing it now we must see what will happen.

Basicly what you are saying, is in the future this will become a sceme. I joined this site because it was you who made and was running it, since you where a valued memeber of easybitco chat.

I understand the part that your study is more important atm, and whish you the best with that, but selling this site is the worst you can do to your members.

We are sorry to announce that we have to sell off MyBitMine. In short, the reasoning behind this sale is simple - with the full-time employment of Richard and my full time studies, we just do not have enough time to continue maintaining this project in a way which is fair to the users.

Details
If you haven't already seen the site, feel free to visit http://mybitmine.co and do your own investigation. In short, the site as one of the biggest and the longest running Bitcoin faucet game with more than 18,000 registered users and several Bitcoin paid out in microtransactions.

We have announced and almost fully developed a huge upgrade for the game, and you will receive any development process we have so that you can continue where we left off. You can read more about this on our main BitcoinTalk thread.

Financials
We have created a video tour of the financials for the site which you can view below.
https://www.youtube.com/watch?v=6Ke5xmCwcwM

For those interested, we can give read access to both the Analytics and the Adsense accounts, in return for proof of funds.

What you get

• Domain and current script
• Any development process towards the upgrade
• The MyBitMine member account for BitcoinTalk
• 1 month unlimited help and support in getting used to the site and community

Regulations

• We only accept international bank transfer, escrow.com* or Bitcoin**
• The auction will run for 11 days (until Oct. 15th 12:00 CEST), but we reserve the right to expand it an additional 3 days (until Oct. 18th 12:00 CEST)
• We do not currently have a Buy Now price, but reserve the right to put one in place during the auction
• Bid increments below $50 will be ignored

* We split the fee from using Escrow.com
** 10% of the total price will be added if wishing to pay with Bitcoin due to the expenses & risks we face when exchanging to fiat currency.

The Auction

Starting bid is $1,000. We will update this post with the current highest bid. Placing a bid means you have read and agreed to our regulations for this sale as well as the accepted payment processors. We do not currently hold any Buy Now price, but feel free to reach out per Private Message in case you have a realistic offer.

• Days left: 11
• Current Bid: N/A
• Current Bid Holder: N/A