Thunderbit is Paying Out - Bitlake Bit the Dust - Bitpetite New Tumbler Service
Thunderbit seems to be going strong for the moment. I've received 2 payouts from them so far, and I'll try for a third withdrawal this afternoon.
It's day 3 for Thunderbit, and people are still joining. They show you how many members there are at the top of the website. I do not suggest joining at this point, despite the fact that they've done nothing wrong... yet. These 10% daily sites are highly risky. Getting in on day 1 is risky. Getting in after that is even worse.
Microhash recently stopped paying out, and there's some evidence that Thunderbit and Microhash may be related (it's a poorly done video, but it makes a good point):
Bitlake is no longer paying out. If you try to withdraw your Bitcoin, it never actually goes through any more. They lasted a mere 11 days. This means that only the people that invested on day one actually made any money with Bitlake. Those who invested on day 2, may have broken even. Anyone who invested after that lost money. These are highly risky investments, and if you are going to accept that risk, don't take on any more risk by investing after day one. That's my advice to you.
If you're looking for something a little less risky (but still somewhat risky), check out Bitpètite. It's a tumbler service that helps anonymize Bitcoin transactions, for which it charges a fee. Investors can add money too the tumbler to add more anonymity to the whole system. They've been around for 84 days now.
Here's a brief overview of how the payments work with Bitpètite:
If you're interested in trying Bitpètite you can use my referral link:
https://bitpetite.com/?aff=moonpi78
You can also sign up without me as a referral by just going to bitpetite.com
Thanks for reading, commenting, and following!
Microhash.net is a scamm webpage. They were online paying to get more investors. After 29days and another webpage with the same info and different colors and name thunderbit.io they didn't pay anymore. They redirected the webpage at a referral link of genesis mining because from there you can get a % of new users buys in btc and withdraw it without investing any cent into cloud mining contracts. Of course, i have send an email to genesis support and made an report at the British fraud intelligence bureau. I encourage all of you to open one and give the police all the proofs you have if you were scammed by this guys. Even if microhash is down, thunderbit is up scamming people and in some weeks or less, other webpage will do the same.
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I can't get my head around Bitpetite's business model - the coins in the investor pool can only be used once as output and for that the are paying 80% profit over 90 days (+ the principal)
With transaction fees at 0.5% - how can this be sustainable? Maybe I'm missing something, but it doesn't seem viable.
If you do the math, Bitpetite is really paying 1.11% per day to you as an investor. They charge people .5% (at least) to use the service. They need lots of deposits and withdrawals to help tumble the money. If look into bitcoin tumbling in general, it's very profitable for the business owner. They make a ton of money. That's why they won't shut down the website, unless they had to. I think it'll be around until we have more regulations regarding bitcoin.
I suppose the payout in terms of profit is even less on average (80% DIV 90 days) - but still suspiciously high.
It's probably because I don't know the details of the tumbling algo - if the majority of the output from the tumbler comes from other 'tumblers', to which they don't pay interest and investors are only adding to the liquidity then it would make sense.
I really like their website, they put a lot of work into it, indicating that they aren't going away any time soon. Did some DD around their company registration and webhosting, it all checked out. Now just trying to justify a larger investment to myself than the 1 ETH I currently put in just to try it out :)
It's always good to be skeptical with these hyip kind of websites. I lost money on a few, so now I only use ones I trust. I trust Bitpetite at the moment, but I can totally understand if you don't yet.
Just received some new info on Bitpetite today - apparently when their website went down people were automatically redirected to Bitpetite - and this doesn't happen unless both have the same web admin.
With that connection established I would advice against putting any funds into Bitpetite.
It's true that when Thunderbit went down, their website started redirecting, but it redirected to multiple websites, not only Bitpetite. Bitpetite responded to that claim a while back, and said they had nothing to do with Thunderbit. Also, Thunderbit was only around for 8-9 days. Bitpetite has been around about 120 days.
I can totally understand if you don't trust Bitpetite. I've been scammed in the past. But I still think Bitpetite is providing a real service, that's how they get money. Thunderbit had no way of getting money, except through more investors.
Ok, but why would the people behind Bitlake redirect to Bitpetite if they had nothing to do with it?
It tells me they are behind both of these sites.
They also redirected to Genesis Mining.