[BitcoinMax.com] Closed - page 71. | Bitcointalksearch.org

Maged

legendary

Activity: 1204

Merit: 1015

Quote from: payb.tc on August 06, 2012, 12:28:14 AM

he's using vandroiy logic:

(interest + withdrawals) > 8000

withdrawals = ??

therefore interest > 8000

I suggest that you audit your business, since we apparently know more about what you are making than you do.

dooglus

legendary

Activity: 2940

Merit: 1333

Here's how the recent interest payments correspond to entries in the blockchain. There's a really close correspondence between the calculated interest and the actual interest. The difference is explained by the fact that BS&T calculates interest from the minute payment is received, but all I see are block timestamps which will be close to but different from the time the transactions were made.

Quote

Week Ending Mon Jul 23 06:00 Total: 8470.32 (actual interest paid: 8471.00)

Date Type Amount x Hours / 168 * Rate = Subtotal
Sun Jul 22 15:51 Withdrawal -1500 x 14.14 / 168 * 0.077 = -9.72
Fri Jul 20 23:48 Withdrawal -1500 x 54.19 / 168 * 0.077 = -37.25
Fri Jul 20 12:52 Deposit 273 x 65.13 / 168 * 0.077 = 8.14
Fri Jul 20 09:29 Deposit 304 x 68.51 / 168 * 0.077 = 9.54
Thu Jul 19 23:05 Deposit 606 x 78.90 / 168 * 0.077 = 21.91
Thu Jul 19 12:17 Deposit 1578 x 89.71 / 168 * 0.077 = 64.88
Thu Jul 19 04:44 Deposit 241 x 97.26 / 168 * 0.077 = 10.74
Thu Jul 19 00:47 Deposit 339 x 101.21 / 168 * 0.077 = 15.72
Wed Jul 18 12:56 Deposit 750 x 113.06 / 168 * 0.077 = 38.86
Wed Jul 18 11:33 Deposit 295 x 114.45 / 168 * 0.077 = 15.47
Wed Jul 18 00:38 Deposit 356 x 125.35 / 168 * 0.077 = 20.45
Wed Jul 18 00:23 Deposit 538 x 125.61 / 168 * 0.077 = 30.97
Tue Jul 17 06:40 Withdrawal -1000 x 143.33 / 168 * 0.077 = -65.69
Tue Jul 17 00:53 Deposit 649 x 149.11 / 168 * 0.077 = 44.35
Mon Jul 16 15:12 Starting 107817 x 168.00 / 168 * 0.077 = 8301.90

Week Ending Mon Jul 16 06:00 Total: 7823.64 (actual interest paid: 7820.59)

Date Type Amount x Hours / 168 * Rate = Subtotal
Sun Jul 15 21:47 Deposit 412 x 8.21 / 168 * 0.077 = 1.55
Sun Jul 15 16:41 Deposit 236 x 13.30 / 168 * 0.077 = 1.43
Sun Jul 15 06:42 Deposit 235 x 23.29 / 168 * 0.077 = 2.50
Sat Jul 14 23:09 Deposit 1046 x 30.84 / 168 * 0.077 = 14.78
Sat Jul 14 09:26 Deposit 271 x 44.56 / 168 * 0.077 = 5.53
Fri Jul 13 15:31 Deposit 1586 x 62.48 / 168 * 0.077 = 45.41
Fri Jul 13 04:53 Deposit 339 x 73.11 / 168 * 0.077 = 11.35
Fri Jul 13 01:08 Deposit 249 x 76.86 / 168 * 0.077 = 8.77
Thu Jul 12 21:58 Deposit 390 x 80.03 / 168 * 0.077 = 14.30
Thu Jul 12 11:42 Deposit 461 x 90.29 / 168 * 0.077 = 19.07
Thu Jul 12 10:07 Deposit 552 x 91.88 / 168 * 0.077 = 23.24
Thu Jul 12 06:26 Deposit 563 x 95.56 / 168 * 0.077 = 24.65
Thu Jul 12 05:34 Deposit 370 x 96.43 / 168 * 0.077 = 16.35
Thu Jul 12 02:24 Deposit 294 x 99.59 / 168 * 0.077 = 13.42
Wed Jul 11 23:05 Deposit 383 x 102.90 / 168 * 0.077 = 18.06
Wed Jul 11 20:41 Deposit 809 x 105.32 / 168 * 0.077 = 39.05
Wed Jul 11 07:23 Deposit 544 x 118.61 / 168 * 0.077 = 29.57
Wed Jul 11 04:52 Deposit 605 x 121.12 / 168 * 0.077 = 33.58
Wed Jul 11 01:41 Deposit 211 x 124.31 / 168 * 0.077 = 12.02
Wed Jul 11 00:38 Deposit 433 x 125.35 / 168 * 0.077 = 24.87
Wed Jul 11 00:31 Deposit 543 x 125.48 / 168 * 0.077 = 31.22
Tue Jul 10 22:20 Deposit 1980 x 127.65 / 168 * 0.077 = 115.84
Tue Jul 10 12:36 Deposit 325 x 137.39 / 168 * 0.077 = 20.46
Tue Jul 10 11:11 Deposit 260 x 138.81 / 168 * 0.077 = 16.54
Tue Jul 10 08:52 Deposit 175 x 141.13 / 168 * 0.077 = 11.32
Mon Jul 09 23:05 Deposit 365 x 150.91 / 168 * 0.077 = 25.24
Mon Jul 09 23:05 Deposit 1080 x 150.91 / 168 * 0.077 = 74.70
Mon Jul 09 14:11 Starting 93100 x 168.00 / 168 * 0.077 = 7168.70

Week Ending Mon Jul 09 06:00 Total: 6802.19 (actual interest paid: 6794.00)

Date Type Amount x Hours / 168 * Rate = Subtotal
Sun Jul 08 01:10 Deposit 1800 x 28.83 / 168 * 0.077 = 23.78
Sat Jul 07 05:10 Deposit 415 x 48.82 / 168 * 0.077 = 9.28
Sat Jul 07 04:59 Deposit 730 x 49.01 / 168 * 0.077 = 16.39
Sat Jul 07 02:13 Deposit 150 x 51.77 / 168 * 0.077 = 3.55
Fri Jul 06 18:19 Deposit 1505 x 59.68 / 168 * 0.077 = 41.16
Fri Jul 06 08:32 Deposit 600 x 69.46 / 168 * 0.077 = 19.10
Thu Jul 05 13:52 Deposit 900 x 88.13 / 168 * 0.077 = 36.35
Wed Jul 04 23:06 Deposit 1300 x 102.89 / 168 * 0.077 = 61.30
Tue Jul 03 13:40 Withdrawal -1000 x 136.33 / 168 * 0.077 = -62.48
Tue Jul 03 02:19 Deposit 500 x 147.67 / 168 * 0.077 = 33.84
Mon Jul 02 15:04 Deposit 4216 x 158.93 / 168 * 0.077 = 307.10
Mon Jul 02 15:09 Starting 81984 x 168.00 / 168 * 0.077 = 6312.76

You can follow the whole chain of deposits and withdrawals through the blockchain all the way back to the start. Transaction 5493e71f8d06de5fd5c28a53583eca930e7b4ea56fdbb37b4e6a3a3f43182da8 pays 15 BTC interest - that's 3% of the balance of 500 BTC deposited as 200 BTC (a9c40ba6f829e538aa5e97fb9cb3e747a57a120d0e8f02addb92e8af55c2375c) and 300 BTC (93f93535cc34038b2ccd2c142e183ea743dc98522ef6272343f41bcd1ab3ffc1). Interest was 1% per day, paid every 3 days at the start.

Coin.Karma

full member

Activity: 189

Merit: 100

is very simple, if pirate is smarter to think of something before everyone else, he would be smart enough to cover up as much as he requires....just a thought.

Also for all the people who talk about pirate being a ponzi, just remember that, we as individuals are limited by our own intelligence. It allows us only to 'digest' whatever is within our own limited capacity to understand.....we only have the ability to think within our mind, if someone else is smarter, they just are....like pirate is....

payb.tc

hero member

Activity: 812

Merit: 1000

he's using vandroiy logic:

(interest + withdrawals) > 8000

withdrawals = ??

therefore interest > 8000

RoloTonyBrownTown

sr. member

Activity: 350

Merit: 250

Oh well consider me convinced then!

Maged

legendary

Activity: 1204

Merit: 1015

Quote from: RoloTonyBrownTown on August 05, 2012, 11:56:11 PM

Quote from: Maged on August 05, 2012, 11:53:38 PM

Quote from: payb.tc on August 05, 2012, 11:14:27 PM

Quote from: dooglus on August 05, 2012, 10:52:36 PM

I don't know, but I guess the calculation goes something like this:

Quote

bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

Ok, go on then, show us your data

That will compromise the investigation, so I cannot. Every day, though, we're finding out more about Pirate's scheme.

RoloTonyBrownTown

sr. member

Activity: 350

Merit: 250

Quote from: Maged on August 05, 2012, 11:53:38 PM

Quote from: payb.tc on August 05, 2012, 11:14:27 PM

Quote from: dooglus on August 05, 2012, 10:52:36 PM

I don't know, but I guess the calculation goes something like this:

Quote

bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

Ok, go on then, show us your data

Maged

legendary

Activity: 1204

Merit: 1015

Quote from: payb.tc on August 05, 2012, 11:14:27 PM

Quote from: dooglus on August 05, 2012, 10:52:36 PM

I don't know, but I guess the calculation goes something like this:

Quote

bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

drakahn

hero member

Activity: 504

Merit: 500

payb.tc

hero member

Activity: 812

Merit: 1000

Quote from: dooglus on August 05, 2012, 10:52:36 PM

I don't know, but I guess the calculation goes something like this:

Quote

bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Scott J on August 05, 2012, 06:22:37 PM

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

How have you worked that out?

I don't know, but I guess the calculation goes something like this:

Quote

bitcoin max gets about 9000 BTC per week in interest.

payb.tc is on the 7.7% interest level and pays out 6.9%, so he keeps 9000 * (7.7-6.9) / 7.7 = 935 BTC per week.

935 BTC is over $9000.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

Quote from: Electricbees on August 05, 2012, 10:29:25 PM

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

Maged knows something we don't...

Everyone pull your coins! Wink

Though, lots of love for Maged. Don't quite agree with his stance on BS&T, but that's it.

Don't agree with his math either, but he's a good mod

Electricbees

sr. member

Activity: 322

Merit: 250

We are bees, and we hate you.

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

Maged knows something we don't...

Everyone pull your coins! Wink

Though, lots of love for Maged. Don't quite agree with his stance on BS&T, but that's it.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

I think you're miscalculating something by 1 or 2 orders of magnitude...

asfas16123

newbie

Activity: 44

Merit: 0

Quote from: Scott J on August 05, 2012, 06:22:37 PM

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

How have you worked that out?

lets see if 9k$ is 0.1%, lets say that is roughly 1k btc. that would mean total sum invested with bitcoinmax would have to be 1 million btc. even in the fud threads the whole "pirate ponzi" is only estimated at 300-500k btc.

lets assume he is bad at math and meant to say $900 a week / 47k a year, assuming 100k btc bitcoinmax volume, which is still a wild guess. still no other pass through is providing as good an offer as this so I think its still ok to say thx and donate if you have too much btc on your hands. I mean wtf... he cant even remotely buy a 911 turbo with that...

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

How have you worked that out?

aq

full member

Activity: 238

Merit: 100

Quote from: Maged on August 05, 2012, 05:36:33 PM

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

Either Bitcoin is at $100 or you think that 0.1% is the same as 1%

RoloTonyBrownTown

sr. member

Activity: 350

Merit: 250

And I really question why you should give a shit Maged.

I'd be interested in seeing where you've pulled those figures from though. Somewhere dark and stinky methinks.

Maged

legendary

Activity: 1204

Merit: 1015

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

cedus

newbie

Activity: 46

Merit: 0

Quote from: ?? on ??

I don't want to see important messages of payb.tc get lost in the sea of FUD, because he mainly use this topic as a mean of communication.

I don't want to see important messages of payb.tc get lost in the sea of FUD, or in the even bigger sea of posts in which every user in turn is pointing out how tiresome it is to read those posts.

Now, just opened an account a couple of weeks ago. The site is great and so is the service. Also, appreciate how you keep us informed (eg. Mt.Gox having issues this week), thanks payb.tc!

Topic: [BitcoinMax.com] Closed - page 71. (Read 190275 times)