Ninjastic
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Board Mining (Altcoins)
Re: WinMiner v1.91a - auto switch windows app for multi miner optimization
by
oportunis
on 07/12/2017, 00:57:22 UTC
Quote from: j62 on December 07, 2017, 12:45:05 AM
Quote from: oportunis on December 07, 2017, 12:12:06 AM
Quote from: j62 on December 07, 2017, 12:06:23 AM
Just dont store all users BTC in a hot wallet like nicehash and it'll be ALOT Safer, smdh  Angry

They don't have BTC. We get paid in USD. You can withdraw in BTC, but this means they exchange USD for it. I just don't know if this is safer or not. Any feedback on this?

Well they have the BTC somewhere to back the USD they are sending users. Which they are profiting off of at that point cause they are HODLing BTC and paying users out at current USD rate, with BTC skyrocketing they are making $$

But that BTC better be offline unlike nicehash or everything could be gone in seconds.
They profit from fees. I don't think they have thousands in USD as a backup to pay us out. They have to exchange the BTC to USD. They might save some BTC sure, but not all. Curently BTC is raising so we lose, but once it drops we save. Also we can withdraw to wallet BTC later and we decide at what price.