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WE'VE JUST RELEASED A NEW CRITICAL UPDATE WITH SOME NICE FEATURES AS WELL, V0.3.11 - UPDATE REQUIRED THIS WEEK BEFORE BLOCK 96480 / NEXT HALVING
1. This release fixes the infamous segfault issue that sometimes stops a miner with a segfault and core dump at random times.
2. This release fixes an issue with the PoS algorithm that could allow someone to improve their odds in an unintended way. To the best of our knowledge, our discovery on this has never been exploited, and will not be an issue after block 96480. This is a change to the PoS algorithm, which is why it is a mandatory update. If you do not update by the next halving at block 96480, you will not be able to get to the chain until you do.
3. This release also integrates the latest core Agama changes, including the fixes for the breaking changes that were made to Electrum servers for other Komodo family coins that support SPV/lite mode. The core Agama changes also include a feature to hide sensitive data on the screen for screen shots.
4. Finally, this release enables easy adding of an encrypted memo to private transactions from Agama with Verus. This feature works to send, but we don't consider it complete, because while you can add the memo, you can't yet easily read memos sent to you. You can send messages with a zero amount, but you will still be charged a fee of 0.0001 VRSC. The ability to retrieve memos sent to you currently requires the command line use of "z_listaddresses", "z_listreceivedbyaddress", and hex conversion, or you can wait for a later update, knowing that the memos are there to see at that time.
You can download the latest builds at https://veruscoin.io.
Please make sure to back up your wallet.dat before updating, just as a standard precaution that is likely unnecessary, delete the existing App install folder, not the VRSC folder and no other folders, then install and run the update.
Stop by our discord for the latest: Discord: https://discord.gg/VRKMP2S
1. This release fixes the infamous segfault issue that sometimes stops a miner with a segfault and core dump at random times.
2. This release fixes an issue with the PoS algorithm that could allow someone to improve their odds in an unintended way. To the best of our knowledge, our discovery on this has never been exploited, and will not be an issue after block 96480. This is a change to the PoS algorithm, which is why it is a mandatory update. If you do not update by the next halving at block 96480, you will not be able to get to the chain until you do.
3. This release also integrates the latest core Agama changes, including the fixes for the breaking changes that were made to Electrum servers for other Komodo family coins that support SPV/lite mode. The core Agama changes also include a feature to hide sensitive data on the screen for screen shots.
4. Finally, this release enables easy adding of an encrypted memo to private transactions from Agama with Verus. This feature works to send, but we don't consider it complete, because while you can add the memo, you can't yet easily read memos sent to you. You can send messages with a zero amount, but you will still be charged a fee of 0.0001 VRSC. The ability to retrieve memos sent to you currently requires the command line use of "z_listaddresses", "z_listreceivedbyaddress", and hex conversion, or you can wait for a later update, knowing that the memos are there to see at that time.
You can download the latest builds at https://veruscoin.io.
Please make sure to back up your wallet.dat before updating, just as a standard precaution that is likely unnecessary, delete the existing App install folder, not the VRSC folder and no other folders, then install and run the update.
Stop by our discord for the latest: Discord: https://discord.gg/VRKMP2S
What's the most efficient way to get notified about client updates asap, especially mandatory ones ? My client did not inform me.
Thanks and all the best for the project!
Re: Genesis-mining.com || World's leading hashpower provider!
I'm with Genesis Mining since they started, never missed a payment, always on time unless they announced the delays.
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!
For me, they are the best cloud mining website, and i think the only legit and real one!
If you have your doubts about them, believe me, they are real and legit!
I am customer from day one, Payments are like promise everyday. To bad there are no contracts to buy right now.
I am a customer form day two, and payouts ceased several times, contracts died. It's only profitable if you're part of the MLM.
btw: no response from customer service to comment on the data leak
Re: Genesis-mining.com || World's leading hashpower provider!
Long time since I posted in this thread, so a quick little update, maybe it helps some newbies looking for information about this company:
I bought some contracts in 2015 and 2016. It's very simple, had I just bought and held my BTC I had made much much more. I barely made my ROI with GM before the contracts stopped. I believe most people who make a decent profit with GM are those who are able to get a lot of affiliates. So it would be very interesting to know how much of their operation is MLM. Exceptions are those who happen to buy a contract just at the right time, e.g. ETH when it first launched, but this is not much different from investing in the right coin at the right time.
I came here today because customer data of Genesis mining has been leaked. And since I do not get a statement from GM after having contacted them, I post this publicly.
A unique email address that I exclusively used for my Genesis Mining account is now used for Telegram ICO SPAM mails.
Stay away and hold your BTC, much better profit than investing in cloud ming.
I bought some contracts in 2015 and 2016. It's very simple, had I just bought and held my BTC I had made much much more. I barely made my ROI with GM before the contracts stopped. I believe most people who make a decent profit with GM are those who are able to get a lot of affiliates. So it would be very interesting to know how much of their operation is MLM. Exceptions are those who happen to buy a contract just at the right time, e.g. ETH when it first launched, but this is not much different from investing in the right coin at the right time.
I came here today because customer data of Genesis mining has been leaked. And since I do not get a statement from GM after having contacted them, I post this publicly.
A unique email address that I exclusively used for my Genesis Mining account is now used for Telegram ICO SPAM mails.
Stay away and hold your BTC, much better profit than investing in cloud ming.
Re: Genesis-mining.com || World's leading hashpower provider!
Hi, I like to add my experience to those who posted theirs before me, and I hope a lot of newbies / wanna-be-investors read this:
I knew it was risky when I bought my first contract with GM. During the first year I bought 4 upgrades. And because I like risk, and nobody knew what would happen after the halving, I spent another 0.03 btc on 0.1 THash/s BTC mining exactly 4 weeks ago.
All that money got burned, I did not arrive at ROI, my daily payouts dropped to 7000 Satoshis, according to GM support that's from 2 remaining contracts with 0.255 TH.
So if price and difficulty would stay the same, I would ROI those last spent 0.03 Bitcoin in 428 days ... lol
I will post again in 428 days if this stupid thing is still running, but I wouldn't bet a penny on it.
It has all been said before me, so I like to repeat and encourage every newcomer: buy Bitcoins directly, even if it's just for 5 or 10 Dollar every month, and you will make A HELL LOT MORE money than investing in Genesis Mining. Investing $10 every month in Bitcoin for the last year would have made you about $240 if you sold now.
Protect and hodl your Bitcoins!
Best wishes
netpeak
I knew it was risky when I bought my first contract with GM. During the first year I bought 4 upgrades. And because I like risk, and nobody knew what would happen after the halving, I spent another 0.03 btc on 0.1 THash/s BTC mining exactly 4 weeks ago.
All that money got burned, I did not arrive at ROI, my daily payouts dropped to 7000 Satoshis, according to GM support that's from 2 remaining contracts with 0.255 TH.
So if price and difficulty would stay the same, I would ROI those last spent 0.03 Bitcoin in 428 days ... lol
I will post again in 428 days if this stupid thing is still running, but I wouldn't bet a penny on it.It has all been said before me, so I like to repeat and encourage every newcomer: buy Bitcoins directly, even if it's just for 5 or 10 Dollar every month, and you will make A HELL LOT MORE money than investing in Genesis Mining. Investing $10 every month in Bitcoin for the last year would have made you about $240 if you sold now.
Protect and hodl your Bitcoins!
Best wishes
netpeak
lol, my worst 'investment' of all times, better buy and hodl
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
Hey vtorrent, how is it going ?
Just wanna leave this tweet here that I saw today. Is somebody else picking up the idea ? Would be great to see you guys working together :-)
https://twitter.com/TuurDemeester/status/887131129379254272
Just wanna leave this tweet here that I saw today. Is somebody else picking up the idea ? Would be great to see you guys working together :-)
https://twitter.com/TuurDemeester/status/887131129379254272
Die Bitcoin Folge von the Good Wife wurde vor kurzem auf Pro7 ausgestrahlt.
Die Folge ist eigentlich ganz nett (einzige Good Wife Folge die ich jemals gesehen hab und je sehen werde
)
Ich frage mich wie viele Leute die Folge gesehen sehen und in irgendwann denken "Was die existieren wirklich?"
Ihr könnt die Folge hier anschauen:
http://[Suspicious link removed]/borp736
*Ich bin mir nicht sicher ob es OK ist, hier Stream-Links zu Posten. Wenn nicht PN an mich und ich entferne den Link.
Die Folge ist eigentlich ganz nett (einzige Good Wife Folge die ich jemals gesehen hab und je sehen werde
)Ich frage mich wie viele Leute die Folge gesehen sehen und in irgendwann denken "Was die existieren wirklich?"
Ihr könnt die Folge hier anschauen:
http://[Suspicious link removed]/borp736
*Ich bin mir nicht sicher ob es OK ist, hier Stream-Links zu Posten. Wenn nicht PN an mich und ich entferne den Link.
Muss mal kurz diesen Post abstauben *hust* .... Ein Klassiker!! Sehr cool das der Link hier noch funktioniert. Zur Feier des Tages habe ich mir die Folge grad nochmal auf Deutsch angeschaut. 3 1/2 Jahre spaeter sieht man das mit ganz anderen Augen, und der Bitcoin hat 3 Dollar gekostet. Lustig auch, was in der Uebersetzung so weguebersetzt wird:
Original:
Alicia: " Ich habe einen Bitcoin gekauft. Fuehlt sich nicht echt an."
Mr. Bitcoin: "..."Echt" wird sich aendern, schauen Sie einfach zu !"
Deutsche Synchron Fassung:
Alicia: " Ich habe einen Bitcoin gekauft. Fuehlt sich nicht echt an."
Mr. Bitcoin : "Was ist echt, was ist unecht ? Passen Sie auf sich auf. "
lolIn diesem Sinne: Frohes neues +1000 Bitcoin Jahr 2017
Re: Genesis-mining.com || World's leading hashpower provider!
lol, laughing about myself, because I can't believe I was so stupid to "invest" here. I have decided to revisit this thread from time to time and leave a post for new "investors". Don't go there, or you will loose your money. Buy and hold Bitcoin, and you will make profit. My last "investment" at Genesis Mining was a contract I bought 1 week before the halving. This is the only "lifetime" contract (out of 5 I bought) that still pays out, all others were cancelled. So I have a "passive income" of 0.00020000 BTC being send to me every 4 days. lol
I compared this last contract with the new one from today. It looks like the conditions of the contract of an upgrade I'd buy today are the very same. So if I buy another contract of 0.1 TH today, would I also receive 0.00020000 BTC every 4 days ? lol
I compared this last contract with the new one from today. It looks like the conditions of the contract of an upgrade I'd buy today are the very same. So if I buy another contract of 0.1 TH today, would I also receive 0.00020000 BTC every 4 days ? lol
Hi. Can someone provide an ELI5 what I can do with CNMT that are stuck on Poloniex now that they delisted it ? Can NXT wallet hold or convert it into NXT ? Is it worth holding it or worthless anyway, which exchange is still trading it ?
Any help will be much appreciated.
thanks
netpeak
Any help will be much appreciated.
thanks
netpeak
Re: Genesis-mining.com || World's leading hashpower provider!
sorry for the double post. For the record, I paste GM's answer that I received after I asked them why my payouts dropped by 85 % after the halving:
Quote
On Saturday, July 9th 2016 the so called halving took place on bitcoin, meaning, the reward that bitcoin miners will receive was cut in half.
The details about the halving can be read here for example:
http://finance.yahoo.com/news/bitcoin-halving-blockchain-mining-000000868.html
https://en.bitcoin.it/wiki/Controlled_supply
It lies within the algorithm of Bitcoin, so unfortunately nothing can be done from Genesis Mining side to help you.
Discussions about the halving where online month ago as can be seen here on these links on well known forums and chats like reddit and bitcointalk:
https://bitcointalk.org/index.php?topic=1216445.0
https://bitcointalk.org/index.php?topic=1428863.0
https://www.reddit.com/r/Bitcoin/comments/3q59uu/9_months_until_block_reward_halving/
With signing your contract, you agreed also you know the nature, and this includes also the halving, of Bitcoin.
"THE CUSTOMER REPRESENTS AND WARRANTS TO THE SERVICE PROVIDER THAT HE IS FAMILIAR WITH MINING, CRYPTOCURRENCIES AND BITCOIN IN PARTICULAR AND THAT HE UNDERSTANDS THE NATURE AND USES OF MINING CRYPTOCURRENCIES AND BITCOIN. " as stated in chapter 7. Representations and Warranties of your agreement.
This means also, the the hashpower you purchased with us is mining more than 50% less than on friday.
Why more than 50%?. Because we, as usual have to deduct the maintenance fee from the original earning and this means more than 50% less payouts.
Due to that fact, your earnings per day became less than the maintenance fee (USD 0.00099 per GHs/day) your contracts became unprofitable. Those were a lifetime contracts, but they run for as long as payouts are profitable. We deduct a daily maintenance fee from the generated coins that covers all ongoing costs like electricity costs, cooling, maintenance work and hosting services. If the ongoing costs exceed the mined coins, there is no point in mining anymore - since you as a customer would have to pay more for the mining than you actually get out of it. We don't charge you for this difference. However it is economically reasonable to stop the mining if it is clear that this difference does not become positive again. This is why according to the contract you agreed on chapter 4 we have the right to terminate the contracts after 20 consecutive days of negative payouts.
All the payouts and the deduction of fees can be recalculated at the independent site coinwarz.com:
Please set as usual the Watts to 0 as well the $/kWh.
We are just providing the hashpower you ordered and do not provide any estimates, expectations and calculations on ROI.
Thank you for your understanding.
Best regards,
Genesis Mining
The details about the halving can be read here for example:
http://finance.yahoo.com/news/bitcoin-halving-blockchain-mining-000000868.html
https://en.bitcoin.it/wiki/Controlled_supply
It lies within the algorithm of Bitcoin, so unfortunately nothing can be done from Genesis Mining side to help you.
Discussions about the halving where online month ago as can be seen here on these links on well known forums and chats like reddit and bitcointalk:
https://bitcointalk.org/index.php?topic=1216445.0
https://bitcointalk.org/index.php?topic=1428863.0
https://www.reddit.com/r/Bitcoin/comments/3q59uu/9_months_until_block_reward_halving/
With signing your contract, you agreed also you know the nature, and this includes also the halving, of Bitcoin.
"THE CUSTOMER REPRESENTS AND WARRANTS TO THE SERVICE PROVIDER THAT HE IS FAMILIAR WITH MINING, CRYPTOCURRENCIES AND BITCOIN IN PARTICULAR AND THAT HE UNDERSTANDS THE NATURE AND USES OF MINING CRYPTOCURRENCIES AND BITCOIN. " as stated in chapter 7. Representations and Warranties of your agreement.
This means also, the the hashpower you purchased with us is mining more than 50% less than on friday.
Why more than 50%?. Because we, as usual have to deduct the maintenance fee from the original earning and this means more than 50% less payouts.
Due to that fact, your earnings per day became less than the maintenance fee (USD 0.00099 per GHs/day) your contracts became unprofitable. Those were a lifetime contracts, but they run for as long as payouts are profitable. We deduct a daily maintenance fee from the generated coins that covers all ongoing costs like electricity costs, cooling, maintenance work and hosting services. If the ongoing costs exceed the mined coins, there is no point in mining anymore - since you as a customer would have to pay more for the mining than you actually get out of it. We don't charge you for this difference. However it is economically reasonable to stop the mining if it is clear that this difference does not become positive again. This is why according to the contract you agreed on chapter 4 we have the right to terminate the contracts after 20 consecutive days of negative payouts.
All the payouts and the deduction of fees can be recalculated at the independent site coinwarz.com:
Please set as usual the Watts to 0 as well the $/kWh.
We are just providing the hashpower you ordered and do not provide any estimates, expectations and calculations on ROI.
Thank you for your understanding.
Best regards,
Genesis Mining
Re: Genesis-mining.com || World's leading hashpower provider!
Hi, I like to add my experience to those who posted theirs before me, and I hope a lot of newbies / wanna-be-investors read this:
I knew it was risky when I bought my first contract with GM. During the first year I bought 4 upgrades. And because I like risk, and nobody knew what would happen after the halving, I spent another 0.03 btc on 0.1 THash/s BTC mining exactly 4 weeks ago.
All that money got burned, I did not arrive at ROI, my daily payouts dropped to 7000 Satoshis, according to GM support that's from 2 remaining contracts with 0.255 TH.
So if price and difficulty would stay the same, I would ROI those last spent 0.03 Bitcoin in 428 days ... lol I will post again in 428 days if this stupid thing is still running, but I wouldn't bet a penny on it.
It has all been said before me, so I like to repeat and encourage every newcomer: buy Bitcoins directly, even if it's just for 5 or 10 Dollar every month, and you will make A HELL LOT MORE money than investing in Genesis Mining. Investing $10 every month in Bitcoin for the last year would have made you about $240 if you sold now.
Protect and hodl your Bitcoins!
Best wishes
netpeak
I knew it was risky when I bought my first contract with GM. During the first year I bought 4 upgrades. And because I like risk, and nobody knew what would happen after the halving, I spent another 0.03 btc on 0.1 THash/s BTC mining exactly 4 weeks ago.
All that money got burned, I did not arrive at ROI, my daily payouts dropped to 7000 Satoshis, according to GM support that's from 2 remaining contracts with 0.255 TH.
So if price and difficulty would stay the same, I would ROI those last spent 0.03 Bitcoin in 428 days ... lol
I will post again in 428 days if this stupid thing is still running, but I wouldn't bet a penny on it.It has all been said before me, so I like to repeat and encourage every newcomer: buy Bitcoins directly, even if it's just for 5 or 10 Dollar every month, and you will make A HELL LOT MORE money than investing in Genesis Mining. Investing $10 every month in Bitcoin for the last year would have made you about $240 if you sold now.
Protect and hodl your Bitcoins!
Best wishes
netpeak
Re: [ANN][GRT] Grantcoin: Currency with a Conscience | Issued as Nonprofit Grants
I signed up a few days ago and received the first batch yesterday, also the referral bonuses.Thanks for the free coins. I hope this project will gain attention over time, great idea.
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
it goes on and off. I managed to login a few times, but transactions I make disappear after re-login. All very buggy. Lisk not leaving my wallet...yet
Re: Genesis-mining.com || World's leading hashpower provider!
The amount of dust (8000 satoshis each day) I am getting from GM is undesirable and clogging up my wallet. The outgoing transaction fees are so high that it eats up any incoming funds from GM
Should I change my receiving wallet address to a blockchain.info wallet address to beat the dusting fees?
Yep, that's what I did. Lowest fee I am able to set is 4000 sat when sending around $1 worth of dust.
Re: Genesis-mining.com || World's leading hashpower provider!
can anybody give some advice on the following problem ?
I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?
After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.
How do you guys handle lots of small inputs from your mining payouts ?
I invested only small amounts in GM over the last 7 months, so I received lots of small payouts with amounts between 0.00020000 btc and 0.00080000 btc . Now, trying to move funds from the web wallet I used to collect them results in ridiculously high transaction fees. I am in contact with the wallet provider but also like to ask you cloudminers here how you handle your payouts. Is anybody experiencing similar problems when moving funds from an address with let's say 170 inputs ?
After noticing the issue I immediately created a new address and repeated this twice during the last month. Trying to move the funds with those 30 inputs also results in a large transaction, hence high transaction fees.
How do you guys handle lots of small inputs from your mining payouts ?
Well, as I wrote before inside my account all traces of the link to my Coinbase wallet have disappeared, in addition to an unannounced change of destination wallet for the interest payouts.
As a consequence I withdrew all my funds, and am honestly very relieved that transaction has been confirmed.
The partnership with Coinbase was the only reason I trusted Bsave. Even if it may be a bit childish, I thought the link with CB would be some kind of endorsement of the legitimacy of their business. The above mentioned changes without any notification
to users is reason enough for me to worry about the safety of my bitcoins and to send them back to cold storage.
Better bsafe than sorry.
As a consequence I withdrew all my funds, and am honestly very relieved that transaction has been confirmed.
The partnership with Coinbase was the only reason I trusted Bsave. Even if it may be a bit childish, I thought the link with CB would be some kind of endorsement of the legitimacy of their business. The above mentioned changes without any notification
to users is reason enough for me to worry about the safety of my bitcoins and to send them back to cold storage.
Better bsafe than sorry.
I did the same
May I ask; what was the fee they charged you to withdraw ?
no withdrawl fee has been charged
partnership between Coinbase and Bsave ended
http://bitcoinwarrior.net/2016/02/talk-jonathan-azeroual-bsave/
http://bitcoinwarrior.net/2016/02/talk-jonathan-azeroual-bsave/
Well, as I wrote before inside my account all traces of the link to my Coinbase wallet have disappeared, in addition to an unannounced change of destination wallet for the interest payouts.
As a consequence I withdrew all my funds, and am honestly very relieved that transaction has been confirmed.
The partnership with Coinbase was the only reason I trusted Bsave. Even if it may be a bit childish, I thought the link with CB would be some kind of endorsement of the legitimacy of their business. The above mentioned changes without any notification
to users is reason enough for me to worry about the safety of my bitcoins and to send them back to cold storage.
Better bsafe than sorry.
As a consequence I withdrew all my funds, and am honestly very relieved that transaction has been confirmed.
The partnership with Coinbase was the only reason I trusted Bsave. Even if it may be a bit childish, I thought the link with CB would be some kind of endorsement of the legitimacy of their business. The above mentioned changes without any notification
to users is reason enough for me to worry about the safety of my bitcoins and to send them back to cold storage.
Better bsafe than sorry.
It seems as though they can now deposit interest into the BSave acct, as my earned Bits are showing up in BSave acct (so compounding should be happening)
MY AVERAGE DAILY RETURN
0.008 %
MY EXPECTED YEARLY RETURN
2.90 %
YESTERDAY BSAVE DAILY RETURN
0.012 %
Seems legit (so far)
MY AVERAGE DAILY RETURN
0.008 %
MY EXPECTED YEARLY RETURN
2.90 %
YESTERDAY BSAVE DAILY RETURN
0.012 %
Seems legit (so far)
I've noticed that too yesterday. It seems they implemented compounding in the last two days, which is great.
Though without notifying users, which in my opinion is not so great.
I am also missing the link to my coinbase account. Has this partnership ended ?
My average daily return
0.007 %
My expected yearly return
2.39 %
Yesterday BSAVE Daily return
0.012 %
Hi, I have an account at bsave since end of November and want to share my experience:
their support is very responsive, I have contacted them a few times and they always answered quickly, very friendly and gave detailed answers to my questions.
The user account has a simple, very clear and not too detailed interface, which I like a lot. Other options than deposit and withdraw do not exist.
You can deposit funds directly from your coinbase account or to a Bitcoin address.
Withdrawing is only possible to your Coinbase wallet .
Since I opened my account I've never seen the interface showing a higher "expected yearly return" than 2.5 %, most of the times a lower rate is shown. Like the CEO here, their support is mentioning yearly interest rates above 3 %, so far I cannot confirm this.
My average daily return
0.006 %
My expected yearly return
2.26 %
Yesterday BSAVE Daily return
0.005 %
Payouts are paid regularly as promised every day.
What is missing is the option to accumulate payouts into the bsave savings account so one can benefit from compounded interest. It struggles me why this option is still not available.
Here's an answer from bsave that I received when asking about the low interest rate and compared bsave with Magnr.com:
Cheers
Netpeak
their support is very responsive, I have contacted them a few times and they always answered quickly, very friendly and gave detailed answers to my questions.
The user account has a simple, very clear and not too detailed interface, which I like a lot. Other options than deposit and withdraw do not exist.
You can deposit funds directly from your coinbase account or to a Bitcoin address.
Withdrawing is only possible to your Coinbase wallet .
Since I opened my account I've never seen the interface showing a higher "expected yearly return" than 2.5 %, most of the times a lower rate is shown. Like the CEO here, their support is mentioning yearly interest rates above 3 %, so far I cannot confirm this.
My average daily return
0.006 %
My expected yearly return
2.26 %
Yesterday BSAVE Daily return
0.005 %
Payouts are paid regularly as promised every day.
What is missing is the option to accumulate payouts into the bsave savings account so one can benefit from compounded interest. It struggles me why this option is still not available.
Here's an answer from bsave that I received when asking about the low interest rate and compared bsave with Magnr.com:
Quote
Indeed, we are planning to provide interest compounding feature to our customers. It is in development.
Regarding Magnr and from an humble perspective, we think our Saving account is more powerful on every level:
-Rate: BSAVE pays a floating rate each day, since we started BSAVE has paid an average of 3.9% APR, Magnr guarantee 2.35% APR.
-Frequency of Payment: Magnr pays once a month, BSAVE pays every day.
-Financial Penalty: Magnr pays 0 interest if you withdraw your money during the monthly period. BSAVE pays the exact time you saved (each minute is taken into account)
-Ease of use: BSave is directly integrated to coinbase wallet, Magnr impose to open an account with them (new username, new password...)
Regarding Magnr and from an humble perspective, we think our Saving account is more powerful on every level:
-Rate: BSAVE pays a floating rate each day, since we started BSAVE has paid an average of 3.9% APR, Magnr guarantee 2.35% APR.
-Frequency of Payment: Magnr pays once a month, BSAVE pays every day.
-Financial Penalty: Magnr pays 0 interest if you withdraw your money during the monthly period. BSAVE pays the exact time you saved (each minute is taken into account)
-Ease of use: BSave is directly integrated to coinbase wallet, Magnr impose to open an account with them (new username, new password...)
Quote
-You are using BSave since the 30 of November. Each BSaver has his own profile of risk depending of when he saved with us. So your expected yearly return reflects the average rate in the period: 30 of November until the 10 of December.
In this period, the rate has been relatively low compared to the beginning of November when we were able to pay up to 18% APR on some particular days due to the volatility in the market.
Since we started the 3rd of September, I can confirm an average APR of 3,87%.
In this period, the rate has been relatively low compared to the beginning of November when we were able to pay up to 18% APR on some particular days due to the volatility in the market.
Since we started the 3rd of September, I can confirm an average APR of 3,87%.
Cheers
Netpeak