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Investment Withdrawn Within 30 days 30% fee,
Investment Withdrawn Within 60 days 20% fee,
Investment Withdrawn Within 90 days 10% fee,
Investment Withdrawn Within 120 days or more 5% fee.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?

I will update once i get to my pc.

What does it mean fill a wallet to its max? Can you pls elaborate on this?

Btw, keep up the good work, we need more stable and profitable crypto services to grow the entire economy.

Yes, every time we fill a wallet to it's max we will add  a new coin. There are 3 coins waiting for us to add them. They contacted us directly and asked if we could add them.

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WEBSITE NOTICE

I want to mention we had to rebuild the new OKCash Wallet to get our investors a maximum return. So there will be a possible 24 hour delay on staking in that wallet due to block re-structuring because of the new compile of the wallet.

Any plans on adding more coins in the future?

are you invested in the offered ones here sir, if you don't mind me asking?

Any plans on adding more coins in the future?

Well to be fair there is A LOT of main stream web sites even banking sites have that same issue they use cross site scripting, meaning they pull from none https: sites to add  adds/etc to their secure web site.

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Perfect, in Safari all the font/scripts warnings are gone and it shows the padlock now. Feel free to give me a shout if you need somebody to check these or related stuff.

But still insecure connections to various resources (scripts and fonts).

No sir you were correct check it now the main page let me know if it changed, all the scripts were pulling from HTTP sites I changed the main page if it works Ill change the rest

We do have the padlock, and it does give our certificate information.

As said, it are your scripts (jquery) and fonts. Those are not a real big things, but if https is a big selling point then make sure all resources will go over an https connection. That will show the padlock icon in browsers and people can directly check the certificate.

That would be the ads we have from adbit.co. I see the banner is actually not loading.

But still insecure connections to various resources (scripts and fonts).

That would be because the website is https://stakeminers.com    

Pls elaborate.

Why do you think this is not legit?

this aint no service, this belongs in PONZI / SCAMS section ...

this aint no service, this belongs in PONZI / SCAMS section ...

So what he says basically is that he would compensate the loss which might arise from the value of staked coins going down? You always get 1 BTC back if you invest 1 BTC, right?

anyhow I got a reply via PM regarding this issue from cyberpinoy, i got his permission to posted it here


few things to be noted has been bolded and I do think it is best to post any question regarding this in stakeminers' thread here https://bitcointalksearch.org/topic/--989670 because sparkedDev is only an investor which know a little about the site .
Keep on asking question about stakeminers here will only create an endless debate

and to SparkedDev, I do think this discussion thread should be place in Altcoins service discussion board since this sites mainly about staking altcoins

I keep saying i think and believe until i try to pull my invest more or anyone else dose im not sure of anything.
I don't own the site so i wouldn't know im only using the service all i know is my earnings keep going up.

I'm pretty sure you can ask on the OP's thread or pm him anything i know is based on what ive read on the site or received via email or pm or looking at the site.

-snip-

Paying out in the coins we are staking at this period of the project would be counterproductive for us and the investors. Most people are going to sell the coins they earn for BTC or reinvest them one or the other, we are able to make BTC payouts because we have some back-end mining we are doing that so far is able to cover the costs of payouts and bonuses. (we will not and do not advertise we will ever buy more mining power, and we will not. This was just something we had and could use to help kick start the system we built) So as of now we are always buying coins and holding them, this helps to stabilize a coins market as much as we can to try and hold your earning value the same or increase it with every investment. If we paid everyone in the coins we staked they would be selling against our buys and this will not help the market rise. So we base everything on BTC values.

-snip-
The investor will never lose out on his original investment, if you invest 1 BTC you will always have 1 BTC in your account working for you. Your daily earnings are based on the value of the coins that day when I do the updates using the chart provided in your members account area (its a cryptonator widget that tells us the values of the coins determined by a variety of sources they use) so even those are safe.

You keep telling us your investment is safe but there is a major problem. Your investment does not stay in BTC, it gets exchanged to coins which are set to stake. If the price of those coins goes down and you request your investment back, somebody s going to cover that loss. Either you or the OP.

Can you comment on this OP pls? What happens in this case?

coins:


As for that i believe your investment is safe i think the only losses that occur would be the daily earning.

As long as my initial investment is safe its the same for me just leaving them in my wallet this way i gain more coin on top of my investment.

Not sure about everything you can visit the site its in the OP.

That's all fine and dandy but till i see someones been ripped off and there is a negative feedback im just take it.
This is more of a progress thread please do you best not to turn this into a war zone.
Please and thank you.

Yep, I put in mega hours in exposing Leroy Fodor and his wife, Katrina. They are not to be trusted with one satoshi.

Try asking for your bitcoins back and see what happens. You'll love Leroy's answer.

yes they have posted in here with their account ciberpinoy

https://bitcointalksearch.org/topic/--989670

and there is also a scam accusation to ciberpinoy, you might want to take a look here, it will be best if you do some investigation before depositing in the sites and also that if you get your payout, doesnt mean that they are legit, Pbmining's early customer also reached ROI and already in profit before the ponzi empire collapsed

https://bitcointalksearch.org/topic/leroy-fodor-has-gone-full-delusional-stakeminers-confirmed-100sic-insolvent-990219
https://bitcointalksearch.org/topic/leroy-fodor-caught-stealing-from-cexio-1016614
https://bitcointalksearch.org/topic/stakeminerscom-is-a-ponzi-scheme-run-by-leroy-fodor-a-proven-liar-1010427

One thing, from what I see, this is a stake service where the coins being staked are those with PoS options, please do shed some lights, what coins are they staking for the moment ? It is weird that they are paying with BTC instead of the coins being staked. And also that PoS coins normally are fluctuative , will this imply a loss for the investor if the value of the coin being staked are drop?

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.

Are you personally happy with these earnings? Would you recommend the service?

Day 3 earnings.

I understand that. What I would like to know is the time period required to get back what you have invested while leaving your original investment to stake cause staking is all about not moving coins.

From what i understand your normal investment is still yours you can pull it anytime.

What the idea is they are putting more coins into a wallet when the pos hits the profits are shared. which are split by investment weight the more investments the more the wallet is full, staking higher i guess.

From what it says you can pull your investment anytime so i guess your investment is still yours but profits from having coins in the wallet are split.


-Edit- From what im thinking its like a bunch of people sharing a bank account sharing interest accumulated. Tho maybe there is an easier way of explaining it but im not the guy for that. -/Edit-


More info is here: https://stakeminers.com/how.php

What is your expected ROI? This is weekly payout I assume?

Update: register page fixed


Also go my second daily payout.

Also when trying to log in (after already logged in and session times out)on the main page i see alot of MSQL scripting errors, now i am not a programer just a security nerd, but that could lead to an SQL injection attack. Basically they access your Dbase through quarrying it in the browser.

A lot of people get hacked that way and lose passwords/account info..

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PS

Not meant as a criticism, but to improve its security & longevity...

I do not invest in something that doesn't have at least professionally designed web site. I know that this is not an indicator but it shows the seriousness of the project ..
When I see a page with such a bunch of randomly selected fonts, deficient graphic elements and so many HTML markup errors (149 Errors, 8 warnings total), I can not be objective about what is in the content.

I don't know, maybe it's just my occupational hazard

It is not likely a personal vendetta or something if you read up the accusation, at least that "one dude" show some proof that he owner lied about some other thing.
In common sense, you are right, there is still no other scam accusation from other people especially from his investor. Just keep in mind to only put in what you are affordable to lose because this kind of business tend to go south in the end

Yeah i wasn't to sure still not sure the idea don't seem like a bad idea i guess ill just wait and see if he gets a scam report to his account by his investors in the site.
At this point in the game never know if something legit since everyone trying to go with the same ideas.
Also the fact its just basically one dude going at him so we will see ill keep it updated for sure.

Yes, I also considered testing them before I saw that scam accusation thread. I ll wait a bit to see how it goes.

yes they have posted in here with their account ciberpinoy

https://bitcointalksearch.org/topic/--989670

and there is also a scam accusation to ciberpinoy, you might want to take a look here, it will be best if you do some investigation before depositing in the sites and also that if you get your payout, doesnt mean that they are legit, Pbmining's early customer also reached ROI and already in profit before the ponzi empire collapsed

https://bitcointalksearch.org/topic/leroy-fodor-has-gone-full-delusional-stakeminers-confirmed-100sic-insolvent-990219
https://bitcointalksearch.org/topic/leroy-fodor-caught-stealing-from-cexio-1016614
https://bitcointalksearch.org/topic/stakeminerscom-is-a-ponzi-scheme-run-by-leroy-fodor-a-proven-liar-1010427

-snip-
Not sure if they posted here yet.