Something fishy here!!
"Later this year" can be even 10 months later. In this case, let me use some mathematics:
6 min 22 sec average block time now = 6.3666 minutes
(60/6.366) - payouts per hour
*24 - payouts per day
*30 - payouts per month
*10 - our example is about 10 months of "waiting"
*320 DOGE per payout
=
21715362.8652 coins.
Our current price per coin is: 0.002253 USD
Later this year it can be even x2, maybe.
But let's keep the current price.
Are you telling us that you will be able to payout almost 50000 USD in doge after 10 months?
And what about ETH? The number can be even bigger (i mean all together, with doge, because the value of "mined" ETH is smaller than doge, much smaller!).
Even a month of waiting can generate even more than 5000 USD "dept" to users. It is scaring me.
Is here somebody who really believes that you will be able to payout users?? It is crazy idea.
I will not scream "its a scam" because I am not having proof and I personally like this project since start, but it is just "strange".
Can you comment on this? Especially if you are counting on this such a HUGE payouts reserves? Ok mate, I'll tell you what: I'm saying "later this year" because of reasons. I do not have an exact date, and nobody in the team knows the approximate date when it will be finished, right now we are working hard on adding the new mini-game. And since I get 20-30 messages a day with the question "TELL ME THE DATE WHEN THE DOGE AND ETH WILL BE AVAILABLE FOR WITHDRAW?", I say that it will available later this year. Because as soon as I say it will be added later, people ask me
WHEN? Also, your calculations are not correct, it's not $50 000 a year in doge for sure
Well, players already mined
4.28 BTC with us and have
WITHDRAWED 3.6BTC already.
Is here somebody who really believes that you will be able to payout users?? It is crazy idea.
I do believe
1. 3.6 withdrawal since 2018, hmm ok, different rates etc. It is possible.
2. Anyway, I do believe my calculation is kind of correct.
One more time, I will use CURRENT values for calculations (I know there is changing block time up and down etc, and rate in USD can also change, because of this it is just a hard estimation).
You are paying 320 DOGE every 5.06 minutes, 3000 satoshi every 5.06 minutes and 85000 "eth satoshi" every 5.06 minutes.
24 * (60/5.06) * 320 = 91067 DOGE per day (24 hours * (number of payouts per hour) * number of coins per "block")
91067 * 30 (one month) =
2732010 DOGE per monthAccording to CURRENT RATES, there is generated "dept" of 6263 USD in doge per month!!
+
btc acording to same calculation:
=24*(60/5.06)*3000 it is 853754 satoshi per day
30*853754 =
0.2561262 BTC per month According to CURRENT RATES, there is generated "dept" of 2176 USD in BTC per month!!
same for ETH:
=24*(60/5.06)*85000*30 =
7.25691699605 ETHAccording to CURRENT RATES, there is a generated "dept" of 1189 USD in BTC per month!!
After your update, you are telling us that you can payout almost 10000 USD per month?
If my calculation is not correct, please tell me what is wrong.
I am not telling this project is Scam, BUT I strongly believe it is hard to generate so much money on site like this. How many active users are there? 500 daily users?
I am afraid of reusing "invested" money from other users to payouts (if they will be even available in the future). You know.. this is called a pyramid scheme.
Edit: Please, do not write about "4.28 mined" BTC. It is not "mining" you are using money generated by the site to buy coins and payout users for "seeing an advert", which is not a bad idea I am not criticizing it. I am just afraid of how much of this BTC was from other users who bought "virtual miners" for some strange reasons. - see the last point about the pyramid.