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RE: Thunderbit is Paying Out - Bitlake Bit the Dust - Bitpetite New Tumbler Service
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.
So the scam site is down - here's the new 'Bitpetite'. They didn't even bother to change the GUI much: https://bitplay.live