Topic: StakeMiners.com "Confirmed" (Read 4146 times)

So unproven really.

They lock you in longer term and no easy way withdrawal "early" without pain.

That is just not a good investment.

Sounds more like a pyramid / ponzi style system that a longer term investment.

Why not just buy and hold BTC?

How does this site actually make an investor money? Explain it in simple terms.

Only because i was impatient. And not really i had bought the btc in a 178 so all i lost was profit on the btc its self.

This is better for people who arnt active investors looking for big gains in a short time like im used to.

But they said they would repay investments and they paid mine back -30%

Why did the title change to "confirmed"

Well your sign up date was 2015-04-15 01:12:16 and I think you deposited near this date as well, so that is not even 30 days yet so the fee would be 30%. Unfortunately, I would have to enforce it because a withdraw of 2 BTC is a huge negative impact on the pool.

Here is the FAQ

CAN I WITHDRAW MY INVESTMENT AND GET IT BACK.

Yes, at anytime a StakeMiners.com investor may request to have his investment back by submitting a request to the support department. Once received and approved your investment, minus a withdraw fee, will be returned on the next scheduled payout day to the Bitcoins payout address we have in our records for you.

WHY IS THERE A WITHDRAW FEE.

This is a staking service, and withdrawing large sums of coins out of the staking wallets actually penalizes the other members of the pool. We must impose a withdraw fee to deter people form withdrawing their coins a day after they invest. We understand the need to test our withdraw system, however if we must penalize the other members of the pool to satisfy your test there must be a penalty for such actions. The withdraw fee decreases the longer your investment stays in the Pool. This means if you deposit today and withdraw tomorrow your fee will be much higher than if you deposit today and withdraw 3 months from now.

And the TOS

8.4. Withdraw Fees will be imposed for investors wishing to withdraw their investment. The schedule for such a withdraw is as follows.
Investment Withdrawn Within 30 days 30% fee,
Investment Withdrawn Within 60 days 20% fee,
Investment Withdrawn Within 90 days 10% fee,
Investment Withdrawn Within 120 days or more 5% fee.

Fees are Imposed because every person is penalized when a withdraw of fund must be made. In order to deter this we have imposed hefty fees dependant on the level of penalty you have imposed on the loyal members of StakeMiners.com

I have withdrawn my investment payment is being received.
Felt it wasn't fast enough.

Was charge a 30% withdraw fee on my 2.0001btc investment.

https://blockchain.info/tx/2540cf1b407043bf078b54be6d254c5be77f61752501f662e14b1398f4852e91



Bitcoin transfer unconfirmed will update when its cleared.

-edit- refund cleared

Its not that i had a bad experience i just felt i could earn more day trading.
By investing in new stores or services being offered in the bitcoin community.
They have always answered back and told me what was happening or if any delays might have occurred.
But as i said before service isn't meant for people who are impulsive i just found something with bigger higher and faster returns so that's my reasoning for backing out.

Any particular reason on why you are taking out your investment with Stakeminers?. I thought you are happy with your earnings

In short, I can tell that is a very huge loss you got there

2 BTC x 0.3 = 0.6 BTC

2 BTC - 0.6 BTC + 0.0568 BTC ( your earning with them ) = 1.4568 BTC . That is like a loss of 131$ if you use the current rate

Well the good point is atleast they are sticking to their words of returning your investment, but there are some small fineprint that a massive fee might be included if you are withdrawing your intial investment



EDIT : perhaps you can lock this thread if you are no longer investing with them

Only because i was impatient. And not really i had bought the btc in a 178 so all i lost was profit on the btc its self.

This is better for people who arnt active investors looking for big gains in a short time like im used to.

But they said they would repay investments and they paid mine back -30%

Well at the moment its close to what mining with 1thash miner would get you daily. But has the ability for faster roi from staking.
Coins go up in value so the amount earned can be the same or it can sky rocket.

So i don't see why not a few people are saying they been pay out before so its more of a personal pref i think.

If you want to invest you can always pull your investment out anytime i believe.

So you lost BTC on this investment?

I have withdrawn my investment payment is being received.
Felt it wasn't fast enough.

Was charge a 30% withdraw fee on my 2.0001btc investment.

https://blockchain.info/tx/2540cf1b407043bf078b54be6d254c5be77f61752501f662e14b1398f4852e91



Bitcoin transfer unconfirmed will update when its cleared.

-edit- refund cleared

How do you plan to deal with PoS diminishing resources? For example, TEK s not paying even close to what they used to pay due to PoS difficulty going up. Great service BTW.

Looks like I'll need to research this topic a bit more, the service looks very interesting though

I am so sorry, I was trying to add another layer of security to our account information and applied it to the wrong folder. Sorry about that. It is indeed back up and running again.

Yes, everything s fine. Guess a temporary glitch.

Seems its working now.

The server seems to be offline. Anyone can verify this?

The server seems to be offline. Anyone can verify this?