Quote from: Nubitcoinerr on July 26, 2016, 09:14:49 PM

Quote from: Wh0CaR3s on July 26, 2016, 03:13:20 AM

Quote from: Xiaoxiao on July 23, 2016, 12:41:40 PM

Announcement: Due to the constant complaining regarding the high percentage I am able to offer, management has notified me that my commission has been reduced.

Beginning the week of August 8th (in 17 days), additional rakeback will be reduced to 33%. I know this may upset some of you, but this is mandatory. If I don't make this reduction, I will be operating at a heavy loss, which obviously isn't feasible.

Referrals will continue to be 5% of the player's net rake, which is unbelievably high considering the high volume players will put in on this program. Many sub affiliates of mine have been consistently getting 50-300 mbtc each week just for referring high volume players dying for a deal like this.

Anyhow, the 33% will be permanent beginning August 8th, and it cannot go any lower in the future. I will continue to bargain for the highest percentages for you guys. Take care!

Like I said the last time you cut the RB% given to your players, Betcoin/you could have chosen to do what you were supposed to do: grandfather your old players deal who signed up early and helped build the somewhat player base. You did not elect to take that route.

Fun fact: the more I play on Betcoin, I get almost the same total rewards.
I started being Bronze (10% cashback) with a total of 60% RB [10% Bronze Status + 50% Xiaos RB]
Now Im Gold (30% cashback) and in August my total RB will be 63% ! [30% Gold Status + 33% Xiaos RB]

But it is even worse. In the meantime, Betcoin did up its rake by 60% in December 15 !
https://www.betcoin.ag/betcoin-poker-table-rake-update

Lets do some calculations, about whats the based Net Rake (Net Rake without VIP Status which are constant and differs player to player. To find your true Net rake just apply your VIP Status then and what it will be in August) for a player that did sign-up through Xiao in December 15 and what is gonna be in August 16.

In December 15: $1 Rake with a 50% RB = $0.5 based Net Rake for the player.
In August 16: $1 Rake is $1.6 in Brut Rake (due to Betcoin rake increase) with a 33% RB = $1.072 based Net Rake for the player.

So per $, the based Net Rake for any given player went from $0.5 to $1.072.
A 114.4% increase in based Net Rake in 9 months !

Ridiculous.

I too signed up when it was 50%... the good old days when it was almost rake free.... still can't complain about 63% rb as long as it can't go any lower.

You guys have my personal guarantee that the 33%, which will be effective August 8th, will be the lowest possible % for this service. It can only go higher.