Topic: [Auction] Website generating profit of $300-400 per month (Read 17729 times)

I've been trying to bet in touch with him via Skype to no avail he appears to of gone AWOL after MBM v2.0 production stopped.

I'll update everyone if I her anything from the him.

Try PM'ing the admin. He's not responding to posts on threads. Good luck. I hope it works out for you!

DEV Any News from mybitmine.co

nothing was heared of admin sincelike 2 month ago whats going on?

is the auction still open?I would like to bid if I can view the analytics and adsense data

thought i would drop by to see how things were going
oh no it looks like i was right again about this scam site
i laugh at all of you who defended the admin
i laugh at all who 'invested' money

lets hope you have learned to listen to facts and not a scammer

It looks like you have right - he probably give up. But there is no info about any transaction. Maybe owner make some deal in PM.

well.. my guess is the owner flipped the table with all this hate
he made that clear in a post and we hear nothing anymore of him

i wonder about the sale, is it done?
he still owner?

what's the actual?

It looks like shill accounts attack this thread to lower the price of website.. Or this is true? Can some trustworthy user confirm that?

Yeah, me too. I have withdraw some BTC... but never reach wallet... ;(
Sad but now it's scam.

How long and for what reason there is no instant removal? too difficult everything! to purchase four wheels it is necessary to wait! the confused process which is long playing. I dont know on how many me enough!? a bitcoin two days dont send a bitcoin to sending in case of such sudden volatility after my conclusion!!!? the administrator you joke? answer. thanks.

as far as i know admin does make the transactions manually in the background but because he is missing or something no payments are done. if you send btc to your game it wont reach too i think?

You made an account just to bash mybitmine? 

"Warning: Trade with extreme caution!"

Sounds like a bogus testimonial praising the creep and calling the legitimate ones the creep. lol

 

you don't have to sell it

leave it be

please don't give it to some creep that will totally ruin it

as is it, does not need any maintance or support unless something breaks for some strange reason. you can literally walk away and do whatever you want to do, and we can play the game and bring more people and profit into it.

The game aspect (version 3.0?) will take time anyway and should be added to the website later as an additional feature or alternative way to play the game.

It would likely be best for the users if this thread was deleted and you go do what you need to..

Hire some good trusted people to progress things along and keep you updated so that it doesn't get all snaggle toothed and fracked up by someone thinking they own it and can do what they wish with your domain and our hardwork and investments.... to sell this off without re-imbursement to all the users would be a betrayal of trust. opening yourself and others to major trolling =-c and other future issues.

this sux =-c 

Nice timing. You can read. So can Tate... Did he make pretty pick axes or is in on it. Reputations destroy credibility. You follow my comment with opening the site. Admission of guilt. So, we'll wait on our refunds. Since you make so much money with Adsense my itty bitty .03 btc should be chump change.

Me too!

Its back up now.

It's a lot of time it must cost to take bitcoin purchases and multiple month premium upgrades. This is not a faucet, no resemblance to one. I just paid YOU SCAMMERS a few days ago, and it's a joke to say you're selling it off buy showing me a suspended account page? When you talk about Adsense you ran EXACTLY like Adsense. They SCAM Millions then ban your account. You can take my bitcoins and you know where you can stick it. Trust me, you will have to pay someone to take it from you. $1000 to auction a scam. Why don't you show the numbers where you took peoples money, I bet those won't be there. But considering leader board numbers, and averages you're easily excluding 1000 btc a month. With dumbass programmers leaving cookies everything the crumbs are on the computers. Accounts aren't crawled but encrypted so that the history can only be seen client side. You idiot, and everyone else, all of the pages you've gone through and the names of everyone and the fake referrals and "anonymous" transactions on in your device. I'm sure 90% of people do what the dummy programs say and clean it all up.

well we have finaly learned the truth, mybitmine has been suspended they have not paid their account. so admin tried to sell while the account was still in warning of closure. i am  glad he did not win on selling the site for an extra $1000 plus in his own pocket! now we see why admin was too busy to reply to the forum

Looks like the MybitMine account has been suspended. Either that or something went wrong with my own account.

Well admin is offline since day 12 ,soo we dont know if the website has been sold if someone had made a bid by pm ,well i hope admin just do something i dont wanna to see the game over.... because no free time....

So sorry to heard about this news. Such a good site. Is there aother way that you can keep the site running? maybe hiring somebody or in a last instance some volunteer that help you while you can get back. Well anyway thanks for the information and I wish you success in all your projects

well being xpooky the owner of those project or not  isnt the point one fact is the deposits and payouts are handle manual ,but looks they havent any free time.Im sure that is impossible to dont have atleast 1 hour daily free,sure the website consumes sometime,but well they need to hire someone to handle the website.

Well Xpooky of Cryptospot went incognito with some bullshit cyber attack excuse, then re-opened his game as "MinerFarm"... (my personal opinion/explanation). I Wasn't around for any of the others in that list... Just the life cycle of ponzi schemes is all... Lotsa crooks out there...

When you are logged in the game, go to the Beta Features "Great Wilderness" section.
There you will find some broken affiliate-links.
Are those the answer why these guys where running out of time?

Btw I wrote to MyBitMine what had happened to one of those sites. No answer, no reaction.

15th come and gone, still no word from admin

atm the game has to have low payouts so that it doesn't hemorrhage funds I think because there is quite a large user base (for a bitcoin game at least).

I have an account but never use it purely because the payout's are too low for it to be worth my time (I make more from cloud mining atm).

But I do like the game and I like the v2.0 upgrade plan's even more so than the current MBM design, Hence why I'm interested but as I said will have to look into it a bit more once I can actually find the funds.

I think that's a great idea... to keep owning the site (for the time being at least) but bring on some additional help to both maintain and move things forward.

I personally am very happy with the current way the game works, especially now that I can go several hours in between entering captchas. I'm looking forward to having enough earnings to cash some out.

Well this is sad new's MyBitMine, I was hoping this would not happen but I do know how busy both you and Richard are and the issues you've had graphics wise.

If I had the money I would buy this instantly but alas due to getting scammed by another certain website I don't currently (You already know who this is as do anyone else who was a member of that site).

The design side of thing's I can do, Level Design wise I mean putting stuff in reachable area's, overall design etiquette etc. the thing I can't do would be implementing script's without some serious tutoring first on what each script does and why it's needed. I could design the graphics but it wouldn't look the same as it does now (at least not the same style anyway).

I have a lot of free time due to not being in work atm and I like the new financial model of MBM v2.0 and I did make the video and demo for v2.0 because I like the idea so IF I manage to get the funds from somewhere I will consider this but I can't gurantee it would be anytime soon.

 

The game is very slow in its current state. I think it would need to be reworked to attract newer players. I deposited 0.0152 BTC and haven't withdrew anything. I've been playing for over 4 months now. These are my stats -
Username: CosmicDust777
Rank: 125
Registered: 2015-06-13
Premium: Disabled
Gold/minute: 103.6
Gold/hour: 6,216
Upgrades: 67
Referrals: 0
Ref Earnings: 0.000 Gold
Deposited: 0.01520000 BTC
Total Earned: 0.00455813 BTC

Very strange indeed.

Is the site still for sale?  MyBitmine hasn't logged in since the 12th and hasn't commented on this since announcing there are 6 days left.  By my guess, today is the last day to bid.

Well let me try to figure out top 20 earning is almost 18ksatoshis x24hoursx20 players=0.0864btc,now lets say around 400 players plays the game at the moment,they are getting lower income soo lets suppose their earnings currently are around 0.02btc meaning daily players taking 0,11btc daily,soo i can say the users income montly is at 3,3btc at the moment,the big problem is imagine 100 topo players all towm maximized,18kx100playersx24hours=0.432btc daily....soo without the new version that will act by round that is planed to last 1 month and share the income get from that month to top 500 players,lets say mybitmine gets 10 btc from ads on one month,the admin will take a fee to keep running the website lets say 10% soo 1 btc to admin and 9btc to be shared with top players,on this version there is no problem to handle at the current one well the more users upgrades it becomes heavy to keep with th e current system.

from the video i got that your site is earning 15-20$ per day
Can you tell me how much you are spending in giving rewards to the players per day.

I enjoy the game in its current state. I cant imagine V2. It would be my pleasure to purchase the project and run it with integrity. Although I don't want to buy it unless v2 can be completed. This is not an easy task to accomplish myself. Do you have anyone who you can recommend who would be committed?

Must be fairly sizable daily or weekly busy work if the 2 or 3 guys haven't the time...

How much time is spent just maintaining the current site?  Not counting questions about its planned sale, and ignoring the effort being put into 2.0, what is the day to day operations effort?  Things like answering emails or other manual tasks?

what has not been stated yet is, what will happen if nobody buys? will the site just disappear, will people get what is owed to them, will the site continue even with slow updates, will all investments be lost, etc?

I don't think anyone is going to buy a half-working game ..

how about those who invest in your site? will just left out
maybe its better if you use some altcoin instead of bitcoin in your site
user will cashout and deposit using altcoin you pick
and some percentage of revenue ads will use to buy those altcoin
i think EPC is the better altcoin for you site its a gamer coin
heres the thread https://bitcointalksearch.org/topic/annepcscrypt-experiencecoin-the-coin-geared-towards-gamers-rerelease-1013632
maybe its better if you contact EPC dev for sponsorship or partnership
or maybe ask if he is interested in your script

• Days left: 6
• Current Bid: N/A
• Current Bid Holder: N/A

i wonder how many btc transactions the admin has to do per day/week and if that process couldnt be kinda automated somehow. What is the reason to do it manually at all? when i think about other sites  there seems to be not a person involved at all for the transactions at least

Well if they could upgrade the game they would already had made it happen,and well is hard to hire any developer with skills to make the work and finish.Im sure the game has potencial to grow even at the current version ,sure would bring more active members and new players inside the new version planned to happen,but as the main motive is they havent time to manage the game .

I personal would like more to have the admin to hire someone to handle payouts and fix some bugs instead selling the game,im sure someone would be happy to handle payments and some small bugs.

I would be interested in buying but only if site could be completed/upgraded first

I really prefer that even if You check on it less frequently then it would still be better if You managed it ;p

• Days left: 7
• Current Bid: N/A
• Current Bid Holder: N/A

Well i got the first email,but as i couldnt hijack and edit my message i had to wait those reply yours replyed already and well i hope you stand here but well there is a lot interest already in a good game.

I did send out e-mails to everyone this morning - will PM you now though.

I didnt received any email about the contracts ,if you going really to sell ,if a buyer appears ,i wanna my contracts thing done before new owner,soo pm here or at my email.

First of all, I'd like to thank the person who moved this thread into the optional section for auctions, where it's not possible to edit threads making running this auction a bit more challenging

In regards to fixed expenses, I have been tracking down our expenses these past days and this is what I have come up with:
Hosting: Currently running in a high-end shared hosting plan. If you follow our exact line of development, you will need a VPS or dedicated server to host the Bitcoin daemon. Alternatively, you can handle payouts using one of several online platforms and keep the updated game in a shared hosting plan.

The monthly payout rate is below 2000 DKK, which is covered easily by the advertisement from Adsense. In the upgraded version, the payout scheme is planned to be a percentage of the sites monthly earning, making sure you always run the site with a profit.

As promised in OP, I can show exact numbers for traffic, income and expenses against proof of funds to any interested buyers.

UPDATED DETAILS

• Days left: 8
• Current Bid: N/A
• Current Bid Holder: N/A

I explained why i placed it here...Rrrrread da post... This problem only arose AFTER they announced an auction, thus leading me to believe they may have suspended some features...

Hi,

Most of the work is already done on MBM2.
All the big parts like:
-Player market
-Active mining
-Passive mining
-The basics for the playable game, this includes walking - camera movement - and optimized fps.
-interaction with ingame characters

Things that you will have to do to finish it off.
-implement active mining and passive mining into the game
-add structures where you want them.

Thanks,
Richard.

I am actually very interested i would def not turn it into a scheme i am just wondering if i won the auction then paid the rest of what you need for v 2.0 could you guys finish 2.0 for me?

Sad news. I guess I should halt mining until the new owner reveals his plan.

sad to hear it will be sold

If you are interested in hiring someone to help manage the community/site I can be that person for you. This way you can avoid transferring ownership and staying true to your members.

Got up a bit early so might have missed a question or two, but please bear with me I'll try and address it all here in this post.


I have the deepest understand for why you feel this way - in fact, it was a tough decision to move forward with this. However, at this stage we are fresh out of ideas since we simply do not have enough time to move forward with MBM anymore.


Yes of course the new owner will get the current script + all of the development towards 2.0.
We have almost all of the backend functionality for 2.0:

• Registration / signing
• Active Mining
• Passive mining
• Market
• General game functionality with movement etc
• A bunch of graphics for the game

What is lacking at this stage is basically to put it all together in the game, test it with the community and release it publicly.

I will have Richard post the exact details of what needs done here in a few hours.


Of course the issue you're speaking of was a memory issue with the current hosting plan but it has been fixed now.
The game will run throughout the auction.


Oh no this has nothing to do with Christian - in fact, he has done a lot of good work on the script. We have just come to realize that none of us can put the time into this project which is required to provide the same level of user care as I did from the beginning.


Oh yes that was a spoken err in my end. I did mean 1-1.5 per month in Bitcoin transactions - not per day.

I will post a bit more of the financials of the game in the main topic later today.

We are running this site primarily as an auction in BCT. We created an account on Flippa which was instantly banned due to them connecting us with another account and their horrid customer support were of no help on the matter, claiming we were the same guy and bragging about their effeciency in closing down malicious accounts.


Will update the original topic. In regards to hours of work to maintain the site. The main post of work involves caring for the users and replying to their inquiries here on BCT. I spent a good deal of time looking through posts but you can schedule this to make it easier and more effecient.

I will have Richard estimate how much work is required to have the upgrade ready for users. From there on, the upkeep work for the site should merely be handling customer care and making sure the Bitcoin balance is high enough to pay out users (transfering fiat currency from Adsense to the bitcoin wallet).


I'll address this in order of questions.

Have you had a look at the video above? That is our annual financial statistics since the site has been running since Oct 14th 2014, it will be a bit difficult to come up with more than 1 years worth of statistics.

As you see, the Adsense data is no older than 2 months since we did not start using it earlier. Before that, we ran with Bitmedia.io which is also covered in the video.

In regards to top users vs new users, we already prepared for this:
https://bitcointalksearch.org/topic/re-opened-mybitmineco-new-type-of-faucet-get-bitcoin-from-playing-825713

The potential buyer will of course receive any progress towards this upgrade we currently have. Please read reply above.


Will reply to this on the main MBM topic in a second

I am ranked 4th in mybitmine and i make no where near that amount in a day. I would love to learn how to though.

Well each user with full upgrades will get 432k being active 24hours a day,as i know top users can make a captcha every 4 hours means 6 times a day they must click,and well some users using the auto mining feature ,reducing their income and generating gold without captcha.
Soo i say those report of adsense and there is some days at 70dkk as 40 dkk and 100dkk ,the income never the same,and isnt a day record is a montly,september record,sure more info must be gived like last 3 months income and outspend,besides those there is contracts that take some part of the income,before any sell me made you admin must refund us paying a bit above what we had paid for them,since i dont wanna to swicth to the new owner since the investment were made at your management and i dont know where the new owner will keep being honest and paying us ..... soo before any step on these way refund CONTRACT USERS im one of them soo kindly refund me those.

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