Topic: Yobit INVESTBOX - page 5. (Read 15032 times)
Now i can't find BTC in InvestBox. Anyway good function, for ETH and LTC in my portfolio.
in the meantime, thay change from <49 and >51 to <48 and >52 a range of 4 instead of 2 go to the "house"...
however it's good for me. Had 0.085 btc on june the 20th, now I have 0.102658 btc with only investbox...
I don't know either, where BTC ETH DOGE funds are found... and that kinda concern me... so I take a look around and find somethng similar...
there is a website, freebitco.in that have something like that and they give you some explanation... in the EARN BTC section. Here is the interesting part:
How do you make money to pay us interest?
When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 9.065 Petahashes or 0.137% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.
Below, we have signed a message using our bitcoin address that is used to collect payments from our bitcoin mining operation. This message can be verified on any bitcoin client or here to provide proof that we actually mine bitcoin.
However the interest is about 0.0109% daily
however it's good for me. Had 0.085 btc on june the 20th, now I have 0.102658 btc with only investbox...
I don't know either, where BTC ETH DOGE funds are found... and that kinda concern me... so I take a look around and find somethng similar...
there is a website, freebitco.in that have something like that and they give you some explanation... in the EARN BTC section. Here is the interesting part:
How do you make money to pay us interest?
When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 9.065 Petahashes or 0.137% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.
Below, we have signed a message using our bitcoin address that is used to collect payments from our bitcoin mining operation. This message can be verified on any bitcoin client or here to provide proof that we actually mine bitcoin.
However the interest is about 0.0109% daily
Even though yobit Dice is suspected not provably fair, I believe their requirement won't affect your earning at all.
It's not about you being able to bet just 1 single satoshi to walk through this requirement, but more the fact that you are being forced to gamble if you want to make use of the invest box ~ that's a pretty nasty practice to be honest.What's next, forcing people to roll the dice 10 times with at least 0.001BTC at stake per roll? It's a silly move to trap people into playing dice and eventually lose their balance to Yobit ~ that's not how an exchange should operate, period.
After I checked this thread and read about the requirement of Yobit in playing dice 5 times on with the currency that is invested on the Investbox, I go to Yobit site to check on the requirement and how easy or hard it is. And I found out that what the previous reply say is true. It is not hard to get the earning from the investment. You can play 1 sat 5x if you are investing in BTC to be able to get the 0.2% interest. Even though yobit Dice is suspected not provably fair, I believe their requirement won't affect your earning at all.
This rule about Investbox is trully nothing at all. You can bet just 5 times without any minimum restrictions.
If you are focus to your investments,you will not miss it. It's like a 5' minutes daily quest.
Until today i haven't miss a day and i hope i will not loose any at all!
yeah it's not that big deal at all , but it does serve some purposes for yobit
and believe me people sometimes forget to open yobit and wager the dice , I have like 600$ invested and forgot once to wager cause sometimes life makes you forget online stuffs you know
I'm surprised that some people are attacking the investbox because of these rules , while these rules make sense the investbox still shady and I haven'y figured out where the money is coming from for the top currencies like BTC , LTC , DOGE and ETH
i just saw the Yobit email to me reminding me about their investbox and the new (stupid) rules of it.
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
man you don't have to wager a lot , 5 bets with 1 satoshi each will do the thing and you will receive your share from the investbox
there are two reasons for adding this rule IMO , 1st is that some players may like the dice and they may play more often and even if the dice is provably fair that means yobit will generate more profit
2nd reason is simply that you may forget to wager the 5 bets ( happened with me once so far ) so yobit will hold your funds without paying you interest , and this may happen a lot with different users ( basically saving some money )
I'm not saying that the whole investbox is not shady , but the rules isn't that bad actaully
This rule about Investbox is trully nothing at all. You can bet just 5 times without any minimum restrictions.
If you are focus to your investments,you will not miss it. It's like a 5' minutes daily quest.
Until today i haven't miss a day and i hope i will not loose any at all!
i'm with Yobit since february, I think it's quite good, for what I need to do, this invest box, it's brillant, DEV put some coin in a reserve wallet, to promote the altcoin, and choose the taxrate, until reserve is with money, you can invest, when money are ended, you can't, simlpy. So if I am a dev, for exaple of Centurion, I can put a lot of them in the reserve account, and give the chances to invest on them on a daly-weekly-monthly basis, with good taxrate, for example, I the DEV, say minimum 10000 CNT to 100000 CNT, i give 1% weekly. I am "forcing" or better giving the possibility to my altcoin to be bought (10000 min), so I create volume, and maybe price get higher... You can claim your money at will, if a round it's not completed, you don't gain any interest. So Yobit it's not responsible for the lack of money on the reserve account and for me it's 100% safe.
Another thing is if you don't trust Yobit, in that case do not invest.
I'm actually buying unknown alt coin to get some good rate for my 100-200 usd and it's working...
...my 2 cent
Snow
Another thing is if you don't trust Yobit, in that case do not invest.
I'm actually buying unknown alt coin to get some good rate for my 100-200 usd and it's working...
...my 2 cent
Snow
kaltum and substrata this is how it's working and the following answer is explaining the gain.
thanks to SyGambleri just saw the Yobit email to me reminding me about their investbox and the new (stupid) rules of it.
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
man you don't have to wager a lot , 5 bets with 1 satoshi each will do the thing and you will receive your share from the investbox
there are two reasons for adding this rule IMO , 1st is that some players may like the dice and they may play more often and even if the dice is provably fair that means yobit will generate more profit
2nd reason is simply that you may forget to wager the 5 bets ( happened with me once so far ) so yobit will hold your funds without paying you interest , and this may happen a lot with different users ( basically saving some money )
I'm not saying that the whole investbox is not shady , but the rules isn't that bad actaully
i just saw the Yobit email to me reminding me about their investbox and the new (stupid) rules of it.
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
man you don't have to wager a lot , 5 bets with 1 satoshi each will do the thing and you will receive your share from the investbox
there are two reasons for adding this rule IMO , 1st is that some players may like the dice and they may play more often and even if the dice is provably fair that means yobit will generate more profit
2nd reason is simply that you may forget to wager the 5 bets ( happened with me once so far ) so yobit will hold your funds without paying you interest , and this may happen a lot with different users ( basically saving some money )
I'm not saying that the whole investbox is not shady , but the rules isn't that bad actaully
The dice rule is on the top coins, It does not apply to all coins but some of these may be difficult to sell at later date.
i just saw the Yobit email to me reminding me about their investbox and the new (stupid) rules of it.
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
apparently now you have to roll the dice on the coin you invest, 5 times each day in order to get the profit of that day. as if things weren't desperate and shady already.
and we all know that their dice game is not provably fair at all so you might as well give them your money!
I play the minimum bet, actually it's allowed, so 1 sat for BTC and ETH in my case, just that.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
but why / what is the gain to open an investbox?? i mean what are the benefits if i open an plan ??
I play the minimum bet, actually it's allowed, so 1 sat for BTC and ETH in my case, just that.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
as said above, anything like this that promises what is essentially a handout raises questions. as it stands, it seems they have nothing to gain from this; they're handing out money, and that's not how a business makes money. it reeks of 'exit scam' (not saying it is, just how it might be perceived). I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
I play the minimum bet, actually it's allowed, so 1 sat for BTC and ETH in my case, just that.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
but why / what is the gain to open an investbox?? i mean what are the benefits if i open an plan ??
I play the minimum bet, actually it's allowed, so 1 sat for BTC and ETH in my case, just that.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
I don't understand why you keep asking where do they find the money to pay...
They are not paying, it's the plan creator that offers money to invest in the box. It's a complitely detached service. I can do that if I want, put some coins in it and give interest to investors.
Glad you asked this question but now it's of no use after you and couple others started asking people realised they are missing and started heavily investing in it. Now it's useless because if you want to get your interest for btc,eth, waves , doge you will have to play dice atleast 5 times a day. I guess i understood the idea these funds are used as bankroll for their dice game but interestingly it is foxed daily.
What do you mean about investbox we should first active in dice games before you can use the investbox 5 times a day?Looks useless feature if there is a token and you need to gamble 5 times per day that actually waste of time to spend just to invest and how about your loses in gambling if you lose it in gambling but if its allowed to gamble with very small amount in dice game maybe we can do that daily..
Yobit put coins wallet in maintenance mode so you can not withdraw the coins to your wallet or to another exchange. This is bad for business. You can lose or your coins.
Glad you asked this question but now it's of no use after you and couple others started asking people realised they are missing and started heavily investing in it. Now it's useless because if you want to get your interest for btc,eth, waves , doge you will have to play dice atleast 5 times a day. I guess i understood the idea these funds are used as bankroll for their dice game but interestingly it is foxed daily.
Now it changed a bit. To receive interest of main currencies investments (BTC, ETH, DOGE, LTC, DASH, WAVES) you need to play minimum 5 Dice games daily using these coins. But it doesn't mention minimum bet...
I guess too many people dump their coins on InvestBox and added therefore this criteria to disclose paying interest to inactive players and make primarily for themselves profit through dice. On the other hand, there is no other logical explaination for playing dice by getting interest.In principle I used InvestBox few times for altcoin investment and I liked it. In case no more funds are left for future interests, the investment will be cancelled.
Unlikely. If they really wanted people to spend money on dice then they would definitely have a minimum bet.
I really think that the new policy has no effect whatsoever due to the fact that people are just going to bet the absolute minimum every single week, and get their investment returns like before. Most people are wise enough to not get addicted to dice just because they tell you to do 5 dice games.
It's probably just that they want to cherrypick the days that someone forgets to do it, because they have been paying out too much money, and people usually forget a lot of things.
As i've mentioned it's still probably a scam, don't invest if you don't want to lose your money.
then again I don't see anything about Yobit's dice game being provably fair, so maybe that's where the money comes in.
In most cases dice games, or basically any other games, get highlighted as being probably fair to attract users. In this case it's fairly easy to assume that when such statement is lacking, their game isn't probably fair.That being said, the dice game they offer seems to be quite active, where at the time of writing this post, one user is constantly betting 0.8BTC for quite a long time now.
Considering the large bets of this user, this must be a gambler with a decent betting balance if he can afford to constantly bet 0.8BTC. It's either a user that doesn't care about probably fair, or it's a Yobit bot.
Now it changed a bit. To receive interest of main currencies investments (BTC, ETH, DOGE, LTC, DASH, WAVES) you need to play minimum 5 Dice games daily using these coins. But it doesn't mention minimum bet...
At first I thought the invest box was meant to attract noobs, but at last, the real reason for Yobit to come up with the invest box has been revealed.I find it not only a greedy move from them to force people to bet their coins before being able to generate interest, but I find it shady as well.
Gladly no one is being forced to make use of the invest box, but I honestly hope people will not actually roll the dice 5 times in order to gain a poor interest rate ~ the risk by far doesn't outweigh the benefit.
Well at least now part of their agenda behind the investbox has been revealed, although it's still a rather... weird?
My first assumption also was that the investbox is more of a marketing ploy than a scam attempt. The gambling requirement seems to confirm this suspicion, ie. the investbox is not only meant to attract noobs, but also to get them to play dice. It still seems hardly profitable from Yobit's view; then again I don't see anything about Yobit's dice game being provably fair, so maybe that's where the money comes in.
After the new rule of playing 5 Dice game daily in order to use the investbox, I think this tool become very risky. It is since the beginning not safe but now There is even worst signs about it; so personally I will not use it anymore.
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