Post
Topic
Board Service Discussion
Re: StakeMiners: restricted withdrawals, falsified stats, insolvent. Do not invest!
by
suchmoon
on 12/01/2016, 00:21:31 UTC
What would be interesting to see would be a chart showing how an investor's BTC value fared over time - whether the gains from staking ever outweigh the losses from holding a basket of alcoins.

Not since I started looking into it (mid-September-ish). At that point the picture was like this:

However the site is probably "under water". If you don't double-count withdrawals it paid out 26 BTC, i.e. 112 - 26 = 86 BTC until "break even". But it only has 82.5 worth of assets and that's in ideal conditions, i.e. if it somehow could liquidate those positions without crashing the prices.

Withdrawal totals collected from the payouts page:

https://stakeminers.com/transactions.php

... and it's gotten far worse since then.

I wonder if the withdrawal policy will change now with this new revelation (i.e. paying out 100% of principal that depreciated by 67%).