https://www.facebook.com/permalink.php?story_fbid=1736131453277502&id=1627849564105692Stakeminers - 14 February 2016
Payouts for Monday, February 15 (Philippines time) are completed and the website has been updated.
That's two weeks in a row that Leroy Fodor has posted less than a dozen words on StakeMiners Ponzi Facebook page. Notice that he's given up on trying to figure out how to convert GMT to Philippines time after doing it wrong for months in spite of others informing, and trying to help him with the simple clock math.
HAHAHA I'd say that if Leroy's MENSA 3-year-old son wasn't so busy on his Nobel Prize speech between tracking his crack whore sister via Google-fu, he would help out his Daddy-O in that regard between Leroy's gaming sessions with Terrik and emailing Lorie Ann Nettles' lawyer with vital information to crack the Cryptsy
event.
HAHAHA He posted a follow up with all the usual spelling and math gaffes you would expect. According to his own Facebook page he had 42 BTC in January and has 30 BTC now (
the actual value is even lower). That's not a 0.04% decline. That's a 12/42 = 28.6% decline.
"con" is clearly on Leroy's mind - spelling "altcon" and "bitcon"
Welcome to our 11th month in business.
- Minimum deposit is 0.05 BTC.
- Invested BTC 124 / Current Value 30 BTC = down .04% from January due to fall in value of several altcoins last week.
- Earnings remain steady at 0.51% for the past 3 weeks.
Withdrawals - The principal payout cap is 0.35 BTC per week. There is no change in the number of principal withrdrawal requests.
Earnings - The biggest issue is the loss of trading volume by traders on the markets. They remain on the sidelines and until they return altcoin prices will remain weak.
Stakeminers did not expect that rapid devaluation of the past 6 months when many altcoins fell 50% or more at the same time. Many crypto businesses, StakeMiners included, used the volumes on cryptsy when structuring their business model because Cryptsy was the largest altcoin exchange. The Stakeminers system did not anticipate the hit to altcon prices when they folded.
When Stakeminers was created history charts for each altcoins were compared and checked against historical price charts and no such price declines had happened, not even during bitcon bubbles.
During bitcon bubbles some altcoins dropped in price of between 5% and 40%. The system was designed to handle devaluation in a group of altcoins from 12% to 20% and earnings would remain stable. For earnings to remain stable the system needs to stake more value in coins than you are losing in trade value. With an across the board 50% decline in altcoin prices this was not possible and therefore earnings fell.
Altcoin Review - Stakeminers completed it's altcoins review and has liquidated its holdings in Paycon and Tekcoin. The developers are no longer active with price and market activity reflecting the loss of support. We are actively reviewing other altcoins to add to the stake pool and our contingency fund.
That's it for this week.
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Stakeminers.com is a crypto-currency altcoin Proof of Stake (POS) company with current holdings in 10 altcoins. We provide our clients with a variable rate of return generated from our stake pool earnings. Please see our website Stakeminers.com or email us at: info (at) stakeminers.com for more information.
Edit: highlighted the spelling errors since Leroy obviously can't afford a spellchecker and forgot how to spell StakeMiners too.