Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 146. (Read 276958 times)

No, they simply truncate from 5 to 8 decimal position digits giving you the result of the percentage calculation with only 4 decimal digits

Example

Capital at a day : 1.17
Percent of the day : 1.5%
Interest calculates : 1.17 * 1.5 / 100 = 0.01755
Interest rounded : 0.0175
New capital at the end of the day : (1.17+0.0175) 1.185 (This is the new capital of the day to calculate new percentage the next day)

Hope to be clear....

Cheers

Most replies here are actually "wow they come back, they must be legit."

Reverse psychology.





I actually do agree with you on this. But I still don't trust them with even a satoshi. Still too many alarm bells.

I Can Deposit 0.50BTC for 5 Days How Much Total I Got.

What is the Minimum Withdrawal


 

There is just one thing which does not add up if they are gonna scam us. After this kind of failure, why would they come back online and let people withdraw their BTC.
They know they are going to lose at least 50% of deposits, we are talking about hundreds if not thousands BTC. Why do that if you are going to run? This is not how scammers think.

It is going to take them months to recover from this incident.

I have done simmilar calculations and figured out that you have from the earnings probably also to withdraw 10% as some kind of management/success participation fee/ or name it like you want

But this is only my opinion/idea of how to calculate the numbers

You have excellent intuition 

And you would make a lovely conversation partner just about anywhere, I can just tell.

LOL good luck!  I bet you get there and its an empty warehouse with a homeless guy taking a shit on some dead ferral cats

Yea, giving a least a few days for the dust to settle should be helpful.   

I'm leaving my coins in.  It's a risk I'd hate to lose, but I can still afford.

https://btc-arbs.com/results/2014/04/17.html

Ok, so I have been working with the information the site provides to try to duplicate my actual results using the numbers the web site provides.
It is not possible to do that.  The daily percentages being reported are ever so slightly skewed upwards.

The data we are being given is being skewed in such a way that it looks good if you calculate the last couple of days but when you try to work a whole month you will always come up with a *much* bigger projected net than you will actually receive.

I am open to being corrected on this (actually would happily be corrected) but the numbers just don't work.  I've had BTC invested since 2 Feb.  I've pulled all the percentages into a spread sheet and all the transactions.  Considering deposits and earnings and using the following computation.  If the percentages were correct I would have about 1.8 to 2 times as much BTC in the account(s) than I actually do.  


For each day:
       # yesterday's balance + (yesterday's balance * interest)
       # example:
              balance = 1.234
              interest = 0.023
              new balance = (1.234 +( 1.234 * 0.023)) = 1.262382
              if there are new deposits add into new balance here.
Next day

When I use that process I get projected earnings far in excess (about double) of what I have actually seen.  Unfortunately since interest is compounded the projection gets farther and farther from true earnings over time.

The percentages reported are not the actual earnings.  Maybe truncation is taking place.  I think the programmer is making as much from my BTC as I am from the looks of it, or he is inflating the percentages.  My guess is the programmer is rounding down (truncating) when he computes my new balance and rounding up (google roundup function) when he reports daily percentage.  This is the logical way to run the site; however, the net for the site is much larger depending which decimal place is rounded.  We are not being given that information when we ask for it.

We do not have a clear enough picture of what we are paying for the service.

I will be moving 2/5 of my arbitrage investment to https://bitcoin-trader.biz/results.php.  I'm putting the last 1/5 back up on coinbase as a hedge.  Please set me as a referrer if you decide likewise:  https://bitcoin-trader.biz/?ref=micers

better now and thanks for clarification I didn't know that

Did not know you needed to click the number on the calendar.

Im leaving my coin in! please stop withdrawing guys!! you will bring the whole place down! lol

Read the results page for todays result

what is strange for me is that they don't have anything posted on their front page about the downtime or any explanation of what happened. Happy to see it back again, but at least my bell gave me a ring....I may be wrong proceeding with my withdrawal, but I will stay tuned and if everything goes well, I may re-invest some btc there....still I have my reservations until I will see my btc back in my original wallet.
Cheers

I'm happy I was wrong, but now have to hope they can survive the likely run on the bank.   Maybe the Easter excuse will help.  (I hope so, because I'm too far down the list at this point.) 

I am computing (today's balance) * (results percent) + (today's balance) == (new balance)

For example:  bal = 1.0 BTC, results = 2.34%
1 * (.0234) + 1 = 1.0234

It is not modeling correctly in the spread sheet.  It looks like rounding errors.  I think they are rounding up their results percentages.  I've repeatedly asked them to provide higher fidelity data and/or CSV downloads suitable for putting in a spread sheet.  Those support requests have been ignored on every account I manage.

I will be reducing my exposure.

If you look at the entry on the calendar for 01 April you will see that the percentage is being calculated to at least three decimal places but is being reported to two.

I suspect that the developer is rounding up to the next higher place in the second decimal place rather than doing true rounding.  That would explain the problems I am having getting things to match up.

(BTC total) - (daily amount earned) * 1.0(% of that days return)