CryptoRobert, I've noticed a problem with Crypterra payouts. First off, they only allow Bitcoin payouts. This is terrible because of the high fees. When Crypterra sends out these bulk payments, they are huge, and need huge fees. But Crypterra, to save money, always uses a very conservative miner fee, which is really low priority. Last night's payout was a whopping 69KB in size. They only paid 100 satoshis per byte. A transaction with this small of a fee hasn't been added to the blockchain since January 2nd. These go stale and fall out of the unconfirmed transaction mempool. To put it in perspective, the 100 satoshi/byte transactions at this moment are sitting 93 megabytes under the "heap" of unconfirmed transactions. The blockchain confirms approximately 1 MB per 10 minute period. This means if all Bitcoin usage were to cease worldwide (which of course won't happen) it would take 93 blocks, or 15 1/2 hours, to get to this. Of course, new transactions happening will eat up any potential progress and this transaction will stay buried in the heap forever. The problem is that Crypterra is doing three things wrong. First, they are allowing $10 payouts. The amount of bytes needed to send $10 is higher than $10, even when grouping them in a daily bundled transaction. They conpensate for this by creating the second problem: choosing fees on the low end. This is why it gets put 90+ blocks under the heap, where it will never be added to the blockchain. The third problem is, there is no alternative to Bitcoin. If payouts were available in Litecoin, too, we could avoid this problem altogether. So, Crypterra needs to: 1. Stop being stingy with the miners fees. 2. Allow us to pay for our out cash-out fees instead of bundling them with people's $10 payouts which are increasing these transactions to 69KB in size. 3. Increase the minimum payout from $10 to $100. 4. Allow us to cash-out in Litecoin. I just lost more than half a bitcoin in last nights payout, which will never go through, because of stupid people cashing out 0.0007 BTC ($10) several times. I want you to tell your viewers that by clicking "withdraw" several times per day, they do not get their money sooner. AND as a bonus penalty on themselves, Crypterra is not combining these withdrawals into a single output (even if it is going to the same destination address). Not only does this increase the size of the overall transaction (with multiple outputs to the same destination address) but when you go to spend your bitcoin later, you will have to create a transaction containing multiple output references (increasing your transaction size, increasing your fees). Please do a video about this. Here is an example: Charlie earns 0.1 bitcoin per day from Crypterra. He clicks "withdraw" once per day. Crypterra has one "output" which helps their transaction to the customers go through during their daily batch. Also, when Charlie later tries to send the 0.1 bitcoin somewhere, he only has to reference ONE input, so his transaction is smaller in bytes, and therefore his fees lower because fees are based per byte (not per bitcoin). Bob also earns 0.1 bitcoin per day from Crypterra. But instead of clicking "withdraw" one type per day, he clicks it every time he accumulates $10 in Crypterra. He does hundreds of outputs per day. This lowers the priority of Crypterra's customer-payout transaction because it is bigger and miners want to save space in the block for the highest paying transactions. So now, Bob and Charlie receive nothing. Thanks Bob. Not only that, but let's say that the transaction miraculously goes through. Bob's wallet shows he has 0.1 bitcoin, however, it is conprised of hundreds of "inputs" (for each $10 withdrawal Bob did). When Bob tries to transfer the 0.1 bitcoin, he will pay more than 0.1 bitcoin in fees because his transaction has to reference EACH $10 input, which makes the transaction HUGE, and Bob has to pay per-byte. Meanwhile, Charlie's 0.1 bitcoin transaction will have a small fee, after all, it only has ONE input, because he only clicked "withdraw" one time per day. So, additional advice for Crypterra, combine people's outputs into one output before sending out the transaction. Bob may click $10 a hundred times, but instead of broadcasting a hundred outputs for $10 within your payment, make one output for $1000. This saves space in your transaction. Advice for Crypterra users. If I were going to pay you each day at midnight, the entire amount I owed you during the day, requesting me to pay you in pennies rather than in bills does not speed things up. You get your money at midnight either way. So why are you requesting $10 payouts every hour? You are clogging up the network and later when you go to spend that bitcoin, you will be punished by having to reference more "inputs" which means a bigger transaction with bigger fees. You will spend more than $10 to pay each one of those $10 inputs. Yes, it costs more even if they are going to the same ADDRESS! Stop clicking withdraw. It doesn't speed things up. You should only click withdraw one time per day, which is the frequency that Crypterra pays everyone... once per day. To put that in better perspective, imagine each time you click "withdraw" it were going into a different checking account. Later you want to spend it to buy something worth $1,000. But because you clicked "withdraw" each time it was $10, you have several $10 checking accounts (it doesnt matter if they all went to the same address, you dont spend addresses, you spend INPUTS). So you have to write 100 checks for $10... oh and each paper check costs a lot of money. Wouldn't you rather write a single $1000 check than 100 checks for $10? Especially when the paper the checks are written on are expensive? The problem is that Crypterra users are uneducated on the withdrawal button, that they will face a fee later for each time they press the withdraw button. The problem is also that Crypterra treats each click as a separate output on the blockchain itself instead of consolidating duplicates together into one output. And making us pay out in Bitcoin only. And being stingy with their fees. And allowing idiots to click withdraw after only accumulating $10, instead of $100 or $1000. They could allow you to only click the "withdraw" button one time per customer per 24 hours (and then make the button greyed out and unavailable). Fun fact, in last nights payouts, there were 2,080 outputs in the transaction going to only 1,229 addresses. This means 59% only clicked "withdraw" once. And 41% are clicking "withdraw" more than once per payout (and therefore will have to pay higher fees later on when moving their bitcoin in the future). If those 41% of people only clicked withdraw once, then the fee would have covered 166 satoshis/byte, which would have gone through immediately. Also, over 20% of the withdrawals made in this transaction were for under $15. Over 70% of the withdrawals made in this transaction were under $100. I would love to guest on your video sometime, if you'd be willing.
I am sure you are in the top tier of the affiliate program (30%) but are you getting that? I know people only making 15% even though the website says they are in the 2nd and 3rd tier.
Never ever follow any social pages that are not officially listet on the projects websites! These are either scams to get some affiliates or even worse, they try to steal your account data promising to solve your issues.
I like that Crypterra uses "300% renewable power" for their data centers. Also, it's apparent the website was written by non-native English speakers. Not the folks in Dublin (or the Irish school system needs attention). :-p
1 week and still have not received my hash power, no response to support tickets. Whose to say that they are not taking payments from supposedly lost transactions and paying out existing customers to keep the system going so they can get more out of it before they dive. Your thoughts???
Crypto, I am really sorry about the fact that Crypterra had not gotten back to you yet about this. Their ticket system seems to be busted. I really hope that they fix this ASAP. As for them simply taking money from lost transactions to pay existing customers, I don't think that is the case. There is simply not enough of these lost transactions to cover all their payouts. This reminded me of Hashflare one time when I bought some gas power and it was not turned on for over a week because I paid for the transaction with less BTC then they were expecting.
Crypto, I am really sorry about the fact that Crypterra had not gotten back to you yet about this. Their ticket system seems to be busted. I really hope that they fix this ASAP. As for them simply taking money from lost transactions to pay existing customers, I don't think that is the case. There is simply not enough of these lost transactions to cover all their payouts. This reminded me of Hashflare one time when I bought some gas power and it was not turned on for over a week because I paid for the transaction with less BTC then they were expecting.
Titan, no, they have not returned any of my tickets for the last week. It appears that they failed to fix their ticketing system last week or they just do want to answer anyone's questions any longer. The support ticket system does not even allow me to enter a few ticket which is very sad.
Titan, the last email I got from them was about a week and a half ago. I just discovered that you cannot open a new support ticket with you already have an open ticket. I was able to open up a new support ticket using a new email address. I think that they put the breaks on making new requests because they are completely backlogged with open support tickets.
Thank you actually i was worried because no one out there has ever been replied from them except that fake Facebook page and thought there was never a suppoert team to begin with and it was a scam because my 6k are stuck for more than a week now
Hey Robert quick question. When was your last successful withdrawal? It’s been almost 20 hours but I still haven’t recieved my last two withdrawals and it’s still processing.
I have successful withdrawals every day. Sometimes the withdrawals an take up to 20 hours and sometimes it's takes just a couple of hours. Have you been able to get a withdrawal yet?
Great video. This company/situation is one of those things that has a particularly loud and enticing siren song. I guess in the end, it boils down to hope for the best, but prepare for the worst in regards to longevity of any contract.
Robert were you able to figure out how to do the pool setting? I saw that they mentioned that you can manage pool settings but couldn't find the Manage gear icon.
Hey Robert have you been able to change the default pool allocations at crypterra? I just signed up and trying to figure out a way to change these default pool allocations but have not been able to do so. Let me know if you find a way. Thanks also have not been able to open this site on microsoft internet explorer or firefox except chrome.
Samguy123, thank you for contacting with this pool allocation question. At the present time you cannot change he pool allocations. They are auto assigned by the Crypterra team.
In Twitter are registred in Dubai and Ireland. I invested a little bit with your reffeal for try. Hope its real. I wanna invest a lot more with that prices
To calculate daily payouts, take the amount of money you'll make at the end of the 2 year contract and divide by 2 years which is 730 days. For example 1 TH/s will make you $1320 at the end of the 2 year contract. Divide $1320 by 730 days you'll get roughly $1.80 per day. Multiply that by 30 days you'll be making $54 a month 😎
Hello. Can you help me Please? I have order btc mining and send LTC to the Address from Crypterra. When i press the check my payment Button nothing happens. Only a new Tab with the same site open. Whats going wrong? Musst i only waith longer?
k9Hasko, I am sorry that you are having this kind of trouble. It's hard for me to know exactly what is going on your transaction. Have you ever paid using cryptocurrencies before?
Crypterra posted an information on their twitter account and webpage... "INFO: PAYMENT PROBLEM REPORT - You made a purchase but do not see your hashrate? Something went wrong.. Let us know about your payment and we will help you. Fill the form here." I just used this, so lets see...
The biggest problem is people sending BTC or LTC from an exchange that does not use any miner fees. Everyone needs to remember this: No miner fee or insufficient miner fee = no transaction being processed. It's really that simple.
Hey Crypto Robert the validation Comodo Security Certificate on their website is gone and it is expired ,its not looking good. Dont recommend Crypterra until the XMAS Sale is Over (After JAN 30) Please reply back...
Doing a quick check on my phone revealed the little lock icon in the URL address area. At least I have not encountered any SSL certificate warnings. I'll look into this more in detail later.
Great video !!! Have read the problem comments. Timing seems crucial when attempting to start mining account. Will start real small next week and gradually increase while confidence goes up. If one fails, then I'm out. Thanks ... 👍👍👍👍📝📝📝📖📖📖😎😎😎😎😎😎
Hello Robert , with all due respect for your struggling to understand crypterra, after few weeks i figured out how this crypterra works , nothing about efficient mining (maybe they will build some rigs in time) but is all about laundering money. You should analyse the source of coins they pay for contracts. I think they have 2 levels : 1. the source of the coins (wich i believe coming from illegal activities ) , that coins can be acquired with dirty money or even received on ledger as dirty coins and mixed with 2. the pyramidal structure of contracts in order to provide clean and transparent source of coins from "investors". Checking a company and people in the front isn't enough. Just think about ! The fact that they pay you isn't necessary good , what if those dirty money came from drugs or human traffic , and so on an that profit they have goes back to those people or even to terrorists ? Dont think money , think legal . There should be 2 options : if they laundering money in China , this should take a long time to be ceased , but if they do this globally they will be banned asap. I know that they are on the market since some months , but we discuss about the company in the market , what if someone acquired this company to do this lately ? Are you a true believer in crypto or you jus happy to get some money , no matter about the source of those money? Best regards and thank you for the good job you do on youtube !
Horatiu, thank you for contacting me regarding your theories about where Crypterra is getting its money. The money laundering accusation is very hard to prove. I would never knowingly support any company that actively engages in money laundering. It's extremely difficult, if almost impossible, to know for certain where BTC are coming from. I am a believer is Crypto, but I also believe in fiat currency which means I converts a percentage of my Bitcoin earnings back into USD. As for Crypterra, their lack of transparency is a source of concern, but a lack of transparency does not in of itself mean that a company is engaging in illegal activities.
CryptoRobert , i never think that you could ever promote something illegal , so i’m not concernig about you. I was just sharing with you my ideeas about subject. So, please continue researching about crypterra . Best regards!
Sorry about that, I should have read your post a little better. I appreciate your thoughts. It's really Crypterra's fault why we have to even speculate due to their lack of transparency. Take care.
Ive had my second payment as of today ( been in since dec 26 ) mostly done in 6 hours. what ı would like to know is what their thoughts and plans about chinas ban in cloud mining. will there be a issue for crypterra are their mines in china. what do you think...
The daily Btc mining payout by Crypterra for 1 Th is today 0,00012321, while on Genesis is 0,00013235, i'm on both sites, so it seems to be a little bit less profitable, never mind, but it should have been a little bit more considering they charge 0 $ maintenance fee. I have checked the Btc mined for 6 hours and multiplied by 4 (24 hours), i believe the payout is constant hour by hour, night and day, tell me if i'm wrong!
But with Crypterra you get 1 TH for 128 USD, while with many other sites you pay 220 USD, plus it's a 2 year contract. Hashflare 1 year. So all in all Crypterra seems too be far way more profitable. And if you compare ETH mining it only gets even better with crypterra you recover your investment really fast.
Absolutely, i agree, i've already bought from before xmas till now 60 Th and i'm going to buy some more before the end of the month (promo sale), is far way more profitable. I reckon that with in few months they will either be sold out or rise the price. In about 40 days you get back your initial investment. It's a risk worth to run.
Robert! Hashflare question if I may??? JUst wanted to know if you do anything with the settings for mining pools???? And excuse the question if you've covered it. Lmk
Jesse, thank you for asking this great question. You know, I have tried various settings before with the mining pools but I really could not see any major difference in payouts. I usually just "set it and forget it".
Two draws I made two days ago did not come to my account. The shot I made yesterday came in the evening today. why the first 2 shots did not come. My wallet number is correct.
I never got the "under review" message before. All of my withdrawals have indicated "processing". You will need to reach our to Crypterra, as soon as they re-enable the creation of new support tickets.
CryptoRobert yeah it was processing til this morning now it is an orange bar that says under review in it .Im not sure if its because it is an eth withdrawal?It said that I could use the withdrawal from eth to btc to be sent .Have you withdrawn eth that way ?Also great channel I appreciate your info !😀Im really hoping this site works out !
I am definitely not an expert on Crypto and I am continually learning new things. You don't have to be an expert before you can start to make a positive impact.
Ash, thank you for pointing that out. Even now, sending a message to Genesis Mining or Hashflare means waiting a week or longer for any type of response.
they haven't added a link on the crypterra site, they have g+ and twitter only still, till they put a link on their site, I don't think I'd go to facebook to talk to them
Russell, yes, you are wise for saying this. Unless Crypterra puts a Facebook link on their website I am going to assume that all of these Crypterra Facebook pages are affiliate impostors.
thanks Robert, I am currently very happy with Hashflare, I find them trustworthy, they have good relationship with Hashcoins. At this moment I totally trust Hashflare and Genesis (out of stock currently). Hashflare is now quite expensive. I am now looking around for a new trustworthy cloud mining company. At this moment I am still doubting if Crypterra is good company or not. That is why I will follow you on UA-cam:). Of course I will do also my own due dilligence!!
Jamal, yes, I also trust Hashflare and Genesis Mining. When Genesis has more hash power I am planning on buying more power from them because I like how efficiently they run their operation. As for Crypterra, you are wise to be cautious. I put Crypterra in the same high risk category as many popular HYIP programs. Because Crypterra lacks transparency and has horrible customer service I am not recommending to anyone any longer.
I sent you guys my payment and I'm, still waiting? Ticket #01610 These are the transaction details. When can I expect to hear from you? Other people are purchasing and mining right away? Whats the delay?
Erick, first off, you did send me any payment. I am not affiliated with Crypterra. I make independent reviews of many companies, Crypterra included. Just because you clicked on affiliate link and signed up does not mean I have any influence over the companies policies. In most cases a new customer will have their order set up within several hours, sometimes a little longer. Just be patient.
I buyed a contract, sends litecoins, but the address changeg in between 15 minutes!! And nobody of their support wants to help me!!! DON'T SEND THEM MONEY!!! NOBODY WILL RESPOND YOU !!!
No it has not completed, but i filled out the given form for transact.-check before 12 hours and hope for success. In the end nobody knows if this company goes scamming or not the next months with this impossible cheapest prices .. hope its legit in the end..
r2g, I need to do a little more homework on DavorCoin before I commit to a full video. The thing I do not like about DavorCoin is that it's a BitConnect ripoff. I know the daily interest they are paying is higher then Bitconnect, but for how long?
my thoughts as well. but knowing those crafty Chinese people, they will find ways to fly under the radar until they can relocate. Just hope I get my hash power soon. I did however get a payout today.
r2g, most of the big and small mainland Chinese miners are slowly moving their operations out of China. Some are opening up shop in Mongolia, others in Russia and still others in Canada. I will be making a future video on the Chinese Bitcoin power down and how that will affect other countries mining opportunities. Hopefully, Crypterra has an exit strategy out of Hong Kong. I think that they have a mining operation in Canada but I cannot prove that 100% due to their complete lack of transparency.
I have 2 question on my mind. 1. Why crypterra doesn't account payment from bank such as credit card and other? isn't that much more lower than lower transparency? 2. If crypterra is real and could give 2 years contract in cheaper than hashflare hashflare must be scamming us.
i dont like crypterra that much but u can search that hashflare had low prices as well in last year they just increase the price bc of too many customers was investing in hashflare.
George Micky I myself stopped to increase my hash on hashflare. now, I rather invest on steem and steem power then give big vote myself that's how I can earn 100/50$ everyday.
When hashflare came out they were selling 1TH for $125, as they gained more popularity and demand, they had no choice but to raise the price. Probably will be the same with this company, that's why you have to get in right now before it's too late!
Crypto, I believe that Cryptera does not support credit card payments for a variety of reasons. The #1 reason is that it's easier to just accept Bitcoin and Litecoin payments. Crypterra does not need to worry about credit card chargebacks, banking regulations, consumer protection laws and so on. The #2 reason that they do not accept credit card is that they probably do not want a financial paper trail leading back their company with all of it's legal and tax implications. While Crypterra says that it will be enabling credit card payments soon, the facts, they have been in business long enough to have already implemented it.
Hi! Twitter page is not from Crypterra, belongs to someone like you (affiliate) created it. With all emerging of the red flags, still, you trying fool people for your personal gain! Thanks! RS
Rama, can you prove that the Twitter page in not from Crypterra? This Twitter page links from the Crypterra website so I find your claim extremely hard to believe. When you make a baseless claim like this do yourself a favor and fact check to provide some evidence.
Did you include enough of a mining fee with your payment. Payments with insufficient fees or no fees will result in your never getting your hash power enabled.
The only recourse you have is to wait for Crypterra to return your support ticket email. I am very sorry but it might be a while until you hear from them because they are backlogged with answering support tickets.
One would think they would stop accepting customers if they cant take care of the ones they have. I dont mind waiting a day but 8 days is ridiculous.. Hashflare same thing.. I got a couple orders of hashrate going and from there there are still 2 orders pending as well.
Robert, I really have no idea what you are talking about. Crypterra has not failed to pay me once. Yes, they send out their transactions with very little miner fees which cause the transactions to receive low priority from the miners, but ALL of these transactions eventually get picked up by a miner. And besides, even if Crypterra stopped paying, while that would be sad, I do not see how that would affect my reputation. In all of my Crypterra videos, I am very honest and straightforward in telling people that crypterra is a high-risk investment than other cloud mining companies. I always tell people not to invest more than they can afford to lose.
Thanks Robert, I purchased Hash, was never filled, but I went ahead and bought more. Crazy huh?! It seems to be paying fine. But my original order that was never filled was more than twice what I have now. I hope they get this resolved, so I can add more. I got in with them with no sponser also with Devor coin with no sponser. I will look for your links. You don't seem to hype as much as others I have seen.
Annuvar's Tech I was informed through a different UA-camr that their ticket progress was around #00600, that was 12 hours ago so I'm assuming they've made between 50-100 ticket progress since then.
Even if in China you can access Facebook and UA-cam using VPN software. But you do make a good point as it is harder to access these popular social media platforms.
hi robert a very happy new year to you and yr family..... my withdraw of 0.007btc not reached my wallet and waiting for almost 12days keeping my fingers crossed...
Hi! If you are honest you should stop promoting this scam site. You know it, this is a scam still actively promoting it! Like you, many other youtubers are also doing the same thing, getting instantly rich at the expense of innocent and ignorant subscribers. thanks! RS
Rama, none of my videos has been a ringing endorsement for Crypterra. If anything, I have been 100% honest in my assessment of Crypterra and their continued lack of transparency. That is why my latest video is entitled "Crypterra Update: Growing Pains, Technical Glitches, & Terrible Customer Support" and NOT "Crypterra Update: The Safest and Most Secure Cloud Mining Platform Ever." If I honestly thought that this was a scam then I would never have invested with Crypterra in the first place. And as far as making money through affiliate links, there is nothing stopping you from doing the same thing. Just do the work, get some video recording software, a camera, and create your very own UA-cam channel. Best wishes to you.
Russell, that's great, I hope that you will enjoy making all of that ETH. I am curious, is your account with Crypterra set up yet? The reason that I am asking is that many people are claiming that they have purchased mining contracts but have never had seen their hash power activated.
I had signed up for the site a few weeks ago, and have been keeping tabs on them either on twitter and youtube, waited till you and a few others are youtube confirmed payouts, and signed of stability. I put the order in, waited about 20-30 mins for the litecoin payment to go through, and a few mins later the mining power was added and I'm already setting my eth going up, yup I'm watching the coin ammount not the $ cause that will change from moment to moment lol
Russell Did you pay for you hash power with LTC from your wallet(Like exodus) or did you purchase your power from an exchange(Like Coinbase) In other words - did you transfer your payment from a secure wallet, or did you transfer it from an exchange wallet?
Russell, thank you for responding to me. It looks like the people who are having payment trouble are a small, but very vocal, percentage of the Crypterra customer base. Hopefully, all of the outstanding issues that other customers are dealing will all be resolved soon.
CryptoRobert, I've noticed a problem with Crypterra payouts. First off, they only allow Bitcoin payouts. This is terrible because of the high fees. When Crypterra sends out these bulk payments, they are huge, and need huge fees. But Crypterra, to save money, always uses a very conservative miner fee, which is really low priority.
Last night's payout was a whopping 69KB in size. They only paid 100 satoshis per byte. A transaction with this small of a fee hasn't been added to the blockchain since January 2nd. These go stale and fall out of the unconfirmed transaction mempool.
To put it in perspective, the 100 satoshi/byte transactions at this moment are sitting 93 megabytes under the "heap" of unconfirmed transactions. The blockchain confirms approximately 1 MB per 10 minute period. This means if all Bitcoin usage were to cease worldwide (which of course won't happen) it would take 93 blocks, or 15 1/2 hours, to get to this. Of course, new transactions happening will eat up any potential progress and this transaction will stay buried in the heap forever.
The problem is that Crypterra is doing three things wrong. First, they are allowing $10 payouts. The amount of bytes needed to send $10 is higher than $10, even when grouping them in a daily bundled transaction. They conpensate for this by creating the second problem: choosing fees on the low end. This is why it gets put 90+ blocks under the heap, where it will never be added to the blockchain. The third problem is, there is no alternative to Bitcoin. If payouts were available in Litecoin, too, we could avoid this problem altogether.
So, Crypterra needs to: 1. Stop being stingy with the miners fees. 2. Allow us to pay for our out cash-out fees instead of bundling them with people's $10 payouts which are increasing these transactions to 69KB in size. 3. Increase the minimum payout from $10 to $100. 4. Allow us to cash-out in Litecoin.
I just lost more than half a bitcoin in last nights payout, which will never go through, because of stupid people cashing out 0.0007 BTC ($10) several times.
I want you to tell your viewers that by clicking "withdraw" several times per day, they do not get their money sooner. AND as a bonus penalty on themselves, Crypterra is not combining these withdrawals into a single output (even if it is going to the same destination address). Not only does this increase the size of the overall transaction (with multiple outputs to the same destination address) but when you go to spend your bitcoin later, you will have to create a transaction containing multiple output references (increasing your transaction size, increasing your fees).
Please do a video about this. Here is an example:
Charlie earns 0.1 bitcoin per day from Crypterra. He clicks "withdraw" once per day. Crypterra has one "output" which helps their transaction to the customers go through during their daily batch. Also, when Charlie later tries to send the 0.1 bitcoin somewhere, he only has to reference ONE input, so his transaction is smaller in bytes, and therefore his fees lower because fees are based per byte (not per bitcoin).
Bob also earns 0.1 bitcoin per day from Crypterra. But instead of clicking "withdraw" one type per day, he clicks it every time he accumulates $10 in Crypterra. He does hundreds of outputs per day. This lowers the priority of Crypterra's customer-payout transaction because it is bigger and miners want to save space in the block for the highest paying transactions. So now, Bob and Charlie receive nothing. Thanks Bob.
Not only that, but let's say that the transaction miraculously goes through. Bob's wallet shows he has 0.1 bitcoin, however, it is conprised of hundreds of "inputs" (for each $10 withdrawal Bob did). When Bob tries to transfer the 0.1 bitcoin, he will pay more than 0.1 bitcoin in fees because his transaction has to reference EACH $10 input, which makes the transaction HUGE, and Bob has to pay per-byte. Meanwhile, Charlie's 0.1 bitcoin transaction will have a small fee, after all, it only has ONE input, because he only clicked "withdraw" one time per day.
So, additional advice for Crypterra, combine people's outputs into one output before sending out the transaction. Bob may click $10 a hundred times, but instead of broadcasting a hundred outputs for $10 within your payment, make one output for $1000. This saves space in your transaction.
Advice for Crypterra users. If I were going to pay you each day at midnight, the entire amount I owed you during the day, requesting me to pay you in pennies rather than in bills does not speed things up. You get your money at midnight either way. So why are you requesting $10 payouts every hour? You are clogging up the network and later when you go to spend that bitcoin, you will be punished by having to reference more "inputs" which means a bigger transaction with bigger fees. You will spend more than $10 to pay each one of those $10 inputs. Yes, it costs more even if they are going to the same ADDRESS! Stop clicking withdraw. It doesn't speed things up. You should only click withdraw one time per day, which is the frequency that Crypterra pays everyone... once per day.
To put that in better perspective, imagine each time you click "withdraw" it were going into a different checking account. Later you want to spend it to buy something worth $1,000. But because you clicked "withdraw" each time it was $10, you have several $10 checking accounts (it doesnt matter if they all went to the same address, you dont spend addresses, you spend INPUTS). So you have to write 100 checks for $10... oh and each paper check costs a lot of money. Wouldn't you rather write a single $1000 check than 100 checks for $10? Especially when the paper the checks are written on are expensive?
The problem is that Crypterra users are uneducated on the withdrawal button, that they will face a fee later for each time they press the withdraw button. The problem is also that Crypterra treats each click as a separate output on the blockchain itself instead of consolidating duplicates together into one output. And making us pay out in Bitcoin only. And being stingy with their fees. And allowing idiots to click withdraw after only accumulating $10, instead of $100 or $1000. They could allow you to only click the "withdraw" button one time per customer per 24 hours (and then make the button greyed out and unavailable).
Fun fact, in last nights payouts, there were 2,080 outputs in the transaction going to only 1,229 addresses. This means 59% only clicked "withdraw" once. And 41% are clicking "withdraw" more than once per payout (and therefore will have to pay higher fees later on when moving their bitcoin in the future). If those 41% of people only clicked withdraw once, then the fee would have covered 166 satoshis/byte, which would have gone through immediately. Also, over 20% of the withdrawals made in this transaction were for under $15. Over 70% of the withdrawals made in this transaction were under $100.
I would love to guest on your video sometime, if you'd be willing.
I really enjoy your discussions on Crypto mining. Thank you
Very good information. Thank you. When I join this company will use your affiliate link.
I am sure you are in the top tier of the affiliate program (30%) but are you getting that? I know people only making 15% even though the website says they are in the 2nd and 3rd tier.
Never ever follow any social pages that are not officially listet on the projects websites! These are either scams to get some affiliates or even worse, they try to steal your account data promising to solve your issues.
I like that Crypterra uses "300% renewable power" for their data centers. Also, it's apparent the website was written by non-native English speakers. Not the folks in Dublin (or the Irish school system needs attention). :-p
1 week and still have not received my hash power, no response to support tickets. Whose to say that they are not taking payments from supposedly lost transactions and paying out existing customers to keep the system going so they can get more out of it before they dive.
Your thoughts???
Crypto, I am really sorry about the fact that Crypterra had not gotten back to you yet about this. Their ticket system seems to be busted. I really hope that they fix this ASAP. As for them simply taking money from lost transactions to pay existing customers, I don't think that is the case. There is simply not enough of these lost transactions to cover all their payouts. This reminded me of Hashflare one time when I bought some gas power and it was not turned on for over a week because I paid for the transaction with less BTC then they were expecting.
Crypto, I am really sorry about the fact that Crypterra had not gotten back to you yet about this. Their ticket system seems to be busted. I really hope that they fix this ASAP. As for them simply taking money from lost transactions to pay existing customers, I don't think that is the case. There is simply not enough of these lost transactions to cover all their payouts. This reminded me of Hashflare one time when I bought some gas power and it was not turned on for over a week because I paid for the transaction with less BTC then they were expecting.
ROBERT just a quick question Did you even got a reply of any ticket so far or have proof that they did reply to them???
Titan, no, they have not returned any of my tickets for the last week. It appears that they failed to fix their ticketing system last week or they just do want to answer anyone's questions any longer. The support ticket system does not even allow me to enter a few ticket which is very sad.
how about before the last week u hav been using this platform for some time now
Titan, the last email I got from them was about a week and a half ago. I just discovered that you cannot open a new support ticket with you already have an open ticket. I was able to open up a new support ticket using a new email address. I think that they put the breaks on making new requests because they are completely backlogged with open support tickets.
Thank you actually i was worried because no one out there has ever been replied from them except that fake Facebook page and thought there was never a suppoert team to begin with and it was a scam because my 6k are stuck for more than a week now
Hey Robert quick question. When was your last successful withdrawal? It’s been almost 20 hours but I still haven’t recieved my last two withdrawals and it’s still processing.
I have successful withdrawals every day. Sometimes the withdrawals an take up to 20 hours and sometimes it's takes just a couple of hours. Have you been able to get a withdrawal yet?
The withdrawal has been sent 10 hours ago but still has 0 confirmations on the blockchain.
Great video. This company/situation is one of those things that has a particularly loud and enticing siren song. I guess in the end, it boils down to hope for the best, but prepare for the worst in regards to longevity of any contract.
Robert were you able to figure out how to do the pool setting? I saw that they mentioned that you can manage pool settings but couldn't find the Manage gear icon.
It is fixed to Ant and F2 Pool, nochange possible yet.
Abhishake, unfortunately, there is no way to change your pool settings.
Hey Robert have you been able to change the default pool allocations at crypterra? I just signed up and trying to figure out a way to change these default pool allocations but have not been able to do so. Let me know if you find a way. Thanks also have not been able to open this site on microsoft internet explorer or firefox except chrome.
Samguy123, thank you for contacting with this pool allocation question. At the present time you cannot change he pool allocations. They are auto assigned by the Crypterra team.
If you reinvest does the reinvestment contract last the full time a normal contract would last (2 years) from the time of reinvestment?
Marty, currently there is not reinvest option with Crypterra. If you buy more hash power this creates a brand new 2-year contract.
18-1 withdrawals still processing. Is anybody having this problem? I requested 24 hours ago and it still says processing..
In Twitter are registred in Dubai and Ireland. I invested a little bit with your reffeal for try. Hope its real. I wanna invest a lot more with that prices
To calculate daily payouts, take the amount of money you'll make at the end of the 2 year contract and divide by 2 years which is 730 days. For example 1 TH/s will make you $1320 at the end of the 2 year contract. Divide $1320 by 730 days you'll get roughly $1.80 per day. Multiply that by 30 days you'll be making $54 a month 😎
Hello. Can you help me Please? I have order btc mining and send LTC to the Address from Crypterra. When i press the check my payment Button nothing happens. Only a new Tab with the same site open.
Whats going wrong? Musst i only waith longer?
k9Hasko, I am sorry that you are having this kind of trouble. It's hard for me to know exactly what is going on your transaction. Have you ever paid using cryptocurrencies before?
I tried to open a ticket 12 hours ago and 30 minutes ago and I just get the spinning circle. Nothing sent.
Crypterra posted an information on their twitter account and webpage...
"INFO: PAYMENT PROBLEM REPORT - You made a purchase but do not see your hashrate? Something went wrong.. Let us know about your payment and we will help you. Fill the form here."
I just used this, so lets see...
my account was activated in 45 mins i use a exodus wallet i think this makes a differance and send LTC WORKS EVERY TIME
The biggest problem is people sending BTC or LTC from an exchange that does not use any miner fees. Everyone needs to remember this: No miner fee or insufficient miner fee = no transaction being processed. It's really that simple.
Hey Crypto Robert the validation Comodo Security Certificate on their website is gone and it is expired
,its not looking good. Dont recommend Crypterra until the XMAS Sale is Over (After JAN 30) Please reply back...
Doing a quick check on my phone revealed the little lock icon in the URL address area. At least I have not encountered any SSL certificate warnings. I'll look into this more in detail later.
It’s slow because people aren’t adding any miner fees to their btc-Ltc cost. They’re placin you people on the back burner
Great video !!! Have read the problem comments. Timing seems crucial when attempting to start mining account. Will start real small next week and gradually increase while confidence goes up. If one fails, then I'm out. Thanks ... 👍👍👍👍📝📝📝📖📖📖😎😎😎😎😎😎
Hello Robert , with all due respect for your struggling to understand crypterra, after few weeks i figured out how this crypterra works , nothing about efficient mining (maybe they will build some rigs in time) but is all about laundering money. You should analyse the source of coins they pay for contracts.
I think they have 2 levels :
1. the source of the coins (wich i believe coming from illegal activities ) , that coins can be acquired with dirty money or even received on ledger as dirty coins and mixed with
2. the pyramidal structure of contracts in order to provide clean and transparent source of coins from "investors".
Checking a company and people in the front isn't enough. Just think about ! The fact that they pay you isn't necessary good , what if those dirty money came from drugs or human traffic , and so on an that profit they have goes back to those people or even to terrorists ?
Dont think money , think legal .
There should be 2 options : if they laundering money in China , this should take a long time to be ceased , but if they do this globally they will be banned asap. I know that they are on the market since some months , but we discuss about the company in the market , what if someone acquired this company to do this lately ?
Are you a true believer in crypto or you jus happy to get some money , no matter about the source of those money?
Best regards and thank you for the good job you do on youtube !
Horatiu, thank you for contacting me regarding your theories about where Crypterra is getting its money. The money laundering accusation is very hard to prove. I would never knowingly support any company that actively engages in money laundering. It's extremely difficult, if almost impossible, to know for certain where BTC are coming from. I am a believer is Crypto, but I also believe in fiat currency which means I converts a percentage of my Bitcoin earnings back into USD. As for Crypterra, their lack of transparency is a source of concern, but a lack of transparency does not in of itself mean that a company is engaging in illegal activities.
CryptoRobert , i never think that you could ever promote something illegal , so i’m not concernig about you. I was just sharing with you my ideeas about subject. So, please continue researching about crypterra . Best regards!
Sorry about that, I should have read your post a little better. I appreciate your thoughts. It's really Crypterra's fault why we have to even speculate due to their lack of transparency. Take care.
Ive had my second payment as of today ( been in since dec 26 ) mostly done in 6 hours. what ı would like to know is what their thoughts and plans about chinas ban in cloud mining. will there be a issue for crypterra are their mines in china. what do you think...
i looked in2 it this is a bussiness they will just move all eqipment somewere else so can stll mine this is big bussiness man
The daily Btc mining payout by Crypterra for 1 Th is today 0,00012321, while on Genesis is 0,00013235, i'm on both sites, so it seems to be a little bit less profitable, never mind, but it should have been a little bit more considering they charge 0 $ maintenance fee. I have checked the Btc mined for 6 hours and multiplied by 4 (24 hours), i believe the payout is constant hour by hour, night and day, tell me if i'm wrong!
On the site: "Bitcoin Mining Calculator and Profitability Calculator (Coinwarz.com)" 1 Th gives you 0,00011287 Btc per day (gen, 13th 2018)
But with Crypterra you get 1 TH for 128 USD, while with many other sites you pay 220 USD, plus it's a 2 year contract. Hashflare 1 year. So all in all Crypterra seems too be far way more profitable. And if you compare ETH mining it only gets even better with crypterra you recover your investment really fast.
Absolutely, i agree, i've already bought from before xmas till now 60 Th and i'm going to buy some more before the end of the month (promo sale), is far way more profitable. I reckon that with in few months they will either be sold out or rise the price. In about 40 days you get back your initial investment. It's a risk worth to run.
Robert! Hashflare question if I may??? JUst wanted to know if you do anything with the settings for mining pools???? And excuse the question if you've covered it. Lmk
Jesse, thank you for asking this great question. You know, I have tried various settings before with the mining pools but I really could not see any major difference in payouts. I usually just "set it and forget it".
Nice thanks for the reply. One less thing to think about LOL
Jesse, here an online list with the best mining pool settings for Hashflare
Two draws I made two days ago did not come to my account. The shot I made yesterday came in the evening today. why the first 2 shots did not come. My wallet number is correct.
Orhan, what today? I received my BTC withdrawal a few hours ago.
It’s a scam mannnn wake up
There not paying on the account... Sent two requests..... Something wrong...
Only issue I have had so far is trying to figure out how to change the mining pools.
same for me. i think they disabled mining pools changing.
I made first withdrawal from eth to btc 13 hours ago it is saying under review what does that mean ?
I never got the "under review" message before. All of my withdrawals have indicated "processing". You will need to reach our to Crypterra, as soon as they re-enable the creation of new support tickets.
CryptoRobert yeah it was processing til this morning now it is an orange bar that says under review in it .Im not sure if its because it is an eth withdrawal?It said that I could use the withdrawal from eth to btc to be sent .Have you withdrawn eth that way ?Also great channel I appreciate your info !😀Im really hoping this site works out !
Can we trust Crypterra Mining?
You made 2 months of videos and you are now a crypto expert on youtube?
I am definitely not an expert on Crypto and I am continually learning new things. You don't have to be an expert before you can start to make a positive impact.
GENISIS had same problems in th begining as well no different
Ash, thank you for pointing that out. Even now, sending a message to Genesis Mining or Hashflare means waiting a week or longer for any type of response.
they haven't added a link on the crypterra site, they have g+ and twitter only still, till they put a link on their site, I don't think I'd go to facebook to talk to them
Russell, yes, you are wise for saying this. Unless Crypterra puts a Facebook link on their website I am going to assume that all of these Crypterra Facebook pages are affiliate impostors.
they are not paying out DONT INVEST you will loss your bitcoin
Jesus Christ thats a lot of hash power
My Nod32 antivirus is not allowing me to visit that site :) so i will not even think about that site
the site isnt working
thanks Robert, I am currently very happy with Hashflare, I find them trustworthy, they have good relationship with Hashcoins. At this moment I totally trust Hashflare and Genesis (out of stock currently). Hashflare is now quite expensive. I am now looking around for a new trustworthy cloud mining company. At this moment I am still doubting if Crypterra is good company or not. That is why I will follow you on UA-cam:). Of course I will do also my own due dilligence!!
Jamal, yes, I also trust Hashflare and Genesis Mining. When Genesis has more hash power I am planning on buying more power from them because I like how efficiently they run their operation. As for Crypterra, you are wise to be cautious. I put Crypterra in the same high risk category as many popular HYIP programs. Because Crypterra lacks transparency and has horrible customer service I am not recommending to anyone any longer.
Another good video and I like your transparency of your involvement and gains. Are you investing in any ICOs or you stay away from them?
I sent you guys my payment and I'm, still waiting? Ticket #01610
These are the transaction details. When can I expect to hear from you? Other people are purchasing and mining right away? Whats the delay?
Erick, first off, you did send me any payment. I am not affiliated with Crypterra. I make independent reviews of many companies, Crypterra included. Just because you clicked on affiliate link and signed up does not mean I have any influence over the companies policies. In most cases a new customer will have their order set up within several hours, sometimes a little longer. Just be patient.
Still under review sent ticket it is very dissapointing!
I buyed a contract, sends litecoins, but the address changeg in between 15 minutes!! And nobody of their support wants to help me!!! DON'T SEND THEM MONEY!!! NOBODY WILL RESPOND YOU !!!
Hanny, I am very sorry about the trouble you are having with your Litecoin payment. Since you last wrote this message has your order been completed?
No it has not completed, but i filled out the given form for transact.-check before 12 hours and hope for success. In the end nobody knows if this company goes scamming or not the next months with this impossible cheapest prices .. hope its legit in the end..
Next video about DavorCoin?
r2g, I need to do a little more homework on DavorCoin before I commit to a full video. The thing I do not like about DavorCoin is that it's a BitConnect ripoff. I know the daily interest they are paying is higher then Bitconnect, but for how long?
Thanks for answering my question, i appreciate your efforts to offer high quality content to your viewers :-)
Crypterra is NOT A SCAM, but at the same time its NOT LEGIT !!
I think the people who are running Crypterra are slightly on the incompetent side which makes their actions seen not legit.
I´m worried: Chinese government wants to shut down all mining farms in the next months - Does this affect Crypterra`s mining farm in Hongkong?
Hongkong is not China!
my thoughts as well. but knowing those crafty Chinese people, they will find ways to fly under the radar until they can relocate. Just hope I get my hash power soon. I did however get a payout today.
r2g, Hong Kong is a special economic zone of China. I am not sure if shutting down Bitcoin mining operations will affect Crypterra.
I know but China put political pressure on Hongkong several times
r2g, most of the big and small mainland Chinese miners are slowly moving their operations out of China. Some are opening up shop in Mongolia, others in Russia and still others in Canada. I will be making a future video on the Chinese Bitcoin power down and how that will affect other countries mining opportunities. Hopefully, Crypterra has an exit strategy out of Hong Kong. I think that they have a mining operation in Canada but I cannot prove that 100% due to their complete lack of transparency.
I have 2 question on my mind.
1. Why crypterra doesn't account payment from bank such as credit card and other? isn't that much more lower than lower transparency?
2. If crypterra is real and could give 2 years contract in cheaper than hashflare hashflare must be scamming us.
i dont like crypterra that much but u can search that hashflare had low prices as well in last year they just increase the price bc of too many customers was investing in hashflare.
George Micky I myself stopped to increase my hash on hashflare. now, I rather invest on steem and steem power then give big vote myself that's how I can earn 100/50$ everyday.
When hashflare came out they were selling 1TH for $125, as they gained more popularity and demand, they had no choice but to raise the price. Probably will be the same with this company, that's why you have to get in right now before it's too late!
agree genesis had also last time 179 per 1 ths rates and now they dont have any contracts now
probably they will be back in march with higher rates
Crypto, I believe that Cryptera does not support credit card payments for a variety of reasons. The #1 reason is that it's easier to just accept Bitcoin and Litecoin payments. Crypterra does not need to worry about credit card chargebacks, banking regulations, consumer protection laws and so on. The #2 reason that they do not accept credit card is that they probably do not want a financial paper trail leading back their company with all of it's legal and tax implications. While Crypterra says that it will be enabling credit card payments soon, the facts, they have been in business long enough to have already implemented it.
Hi!
Twitter page is not from Crypterra, belongs to someone like you (affiliate) created it.
With all emerging of the red flags, still, you trying fool people for your personal gain!
Thanks!
RS
Rama, can you prove that the Twitter page in not from Crypterra? This Twitter page links from the Crypterra website so I find your claim extremely hard to believe. When you make a baseless claim like this do yourself a favor and fact check to provide some evidence.
I invested 8 days ago, never received any hashrate. Started tickets never ever responded to..
Did you include enough of a mining fee with your payment. Payments with insufficient fees or no fees will result in your never getting your hash power enabled.
I sent precisely what the platform asked me to. Today I tried sending another .04 LTC and still nothing..
The only recourse you have is to wait for Crypterra to return your support ticket email. I am very sorry but it might be a while until you hear from them because they are backlogged with answering support tickets.
One would think they would stop accepting customers if they cant take care of the ones they have. I dont mind waiting a day but 8 days is ridiculous.. Hashflare same thing.. I got a couple orders of hashrate going and from there there are still 2 orders pending as well.
do u think eth contract is good or invest all money in bitcoin contract?
what are your suggestions sir
thanks
George Micky it seems like ETH is the way to go. But you do not get paid out on ETH, you get paid in BTC
i heard from somewhere that they are working on that
is this true ?
Output of my ETH Contract is better than the BTC contrat results, I would suggest you go for ETH contract.
At the moment all ETH contracts are paid in BTC. However, I would invest in both ETH and BTC mining simultaneously.
CryptoRobert... If Cryterra is not paying out... Your credibility is in jeopardy.... Stop promoting them.......
Robert, I really have no idea what you are talking about. Crypterra has not failed to pay me once. Yes, they send out their transactions with very little miner fees which cause the transactions to receive low priority from the miners, but ALL of these transactions eventually get picked up by a miner. And besides, even if Crypterra stopped paying, while that would be sad, I do not see how that would affect my reputation. In all of my Crypterra videos, I am very honest and straightforward in telling people that crypterra is a high-risk investment than other cloud mining companies. I always tell people not to invest more than they can afford to lose.
Thanks Robert, I purchased Hash, was never filled, but I went ahead and bought more. Crazy huh?! It seems to be paying fine. But my original order that was never filled was more than twice what I have now. I hope they get this resolved, so I can add more.
I got in with them with no sponser also with Devor coin with no sponser. I will look for your links. You don't seem to hype as much as others I have seen.
No hashrate credited from 7 days ticket #00923 no reply
Annuvar's Tech They're on ticket #00650 roughly. Be patient!
CaptiN __ how did you know
Annuvar's Tech I was informed through a different UA-camr that their ticket progress was around #00600, that was 12 hours ago so I'm assuming they've made between 50-100 ticket progress since then.
CaptiN __ okay
At least you opened a ticket. I couldn’t even do that. So hoping emails will be seen and responded to.
YOU ALL KNOW BOUT PROOF OF STAKE AND WHEN IT HAPPENS THIS YEAR SOMETIME THIS YEAR MINEING WILL STOP NO MORE MINING ETH POS WILL HAPPEN THIS YEAR
Ash, thank for your speculative comment. I will leave it at that because there is very little truth to what you wrote.
if china company. facebook and youtube are banned there
Even if in China you can access Facebook and UA-cam using VPN software. But you do make a good point as it is harder to access these popular social media platforms.
Are you a bitcoin millionaire????? You’re making like 5000$/day with you’re your crypterra’s contracts
hi robert a very happy new year to you and yr family..... my withdraw of 0.007btc not reached my wallet and waiting for almost 12days keeping my fingers crossed...
Hi!
If you are honest you should stop promoting this scam site.
You know it, this is a scam still actively promoting it!
Like you, many other youtubers are also doing the same thing, getting instantly rich at the expense of innocent and ignorant subscribers.
thanks!
RS
Rama, none of my videos has been a ringing endorsement for Crypterra. If anything, I have been 100% honest in my assessment of Crypterra and their continued lack of transparency. That is why my latest video is entitled "Crypterra Update: Growing Pains, Technical Glitches, & Terrible Customer Support" and NOT "Crypterra Update: The Safest and Most Secure Cloud Mining Platform Ever." If I honestly thought that this was a scam then I would never have invested with Crypterra in the first place. And as far as making money through affiliate links, there is nothing stopping you from doing the same thing. Just do the work, get some video recording software, a camera, and create your very own UA-cam channel. Best wishes to you.
hi there, just got 80 MH ETH mining today, looking forward to working with them!!!!
Russell, that's great, I hope that you will enjoy making all of that ETH. I am curious, is your account with Crypterra set up yet? The reason that I am asking is that many people are claiming that they have purchased mining contracts but have never had seen their hash power activated.
I had signed up for the site a few weeks ago, and have been keeping tabs on them either on twitter and youtube, waited till you and a few others are youtube confirmed payouts, and signed of stability. I put the order in, waited about 20-30 mins for the litecoin payment to go through, and a few mins later the mining power was added and I'm already setting my eth going up, yup I'm watching the coin ammount not the $ cause that will change from moment to moment lol
Russell Did you pay for you hash power with LTC from your wallet(Like exodus) or did you purchase your power from an exchange(Like Coinbase)
In other words - did you transfer your payment from a secure wallet, or did you transfer it from an exchange wallet?
CaptiN __ from an exchange
Russell, thank you for responding to me. It looks like the people who are having payment trouble are a small, but very vocal, percentage of the Crypterra customer base. Hopefully, all of the outstanding issues that other customers are dealing will all be resolved soon.