Review

Experiment completed – Ruby Mine is dead

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Remember when I started the experiment with Ruby Mine, a miner promising up to 8% profit daily? In this article? Well, the project is dead. Did I make money with it?

So I invested a tiny mount of roughly 20 USD in form of 0.25 Avax in Ruby Mine. With the 6:1 recommended – not to say enforced – methodology to reinvest 6 days in a row and only claim on the 7th day, I should have made my investment back into about 3 months. And I almost adhered to the 6:1 pattern as advised, only 1 exception, as you see further down.

So in the first week, I made the following rewards:

19.04.22Rewards0.00400
20.04.22Rewards0.01400
21.04.22Rewards0.01500
22.04.22Rewards0.01300
23.04.22Rewards0.01100
24.04.22Rewards0.01000
25.04.22Take profits0.01000

As you see, the rewards increased in the beginning, but already during the first week it started to slow down a bit. I took profits on the 7th day as advised. Here you also have to consider the transaction fee which were about 0.006 Avax, which leaves only 0.004, not only half of the claimed reward in reality. If my understanding is correct, these transaction are not only defined by the (Avalance) protocol, but also by the Ruby Mine smart contract. If you take profits, the fees where always roughly 3 times higher then rehiring.

Second week looked like this:

26.04.22Rewards0.00800
27.04.22Rewards0.00700
28.04.22Rewards0.00700
29.04.22Rewards0.00600
30.04.22Rewards0.00600
01.05.22Rewards0.00600
02.05.22Take profits0.00500

I guess you noted already the steady decline of the profits, didn’t you? Bravely as I am I took the “profit” on the 7th day again which was about 0.005 Avax with a transaction fee of around 0.01155. Correct, that is not a profit anymore; its a loss at the end.

Lets have a look at the third week:

03.05.22Rewards0.00400
04.05.22Rewards0.00400
05.05.22Rewards0.00400
06.05.22Rewards0.00400
07.05.22Rewards0.00300
08.05.22Rewards0.00300
10.05.22Take profits0.00400

Even so I increased my Rubies in the mine constantly due to rehiring, stayed stable or even decreased also in the 3rd week. I didn’t rehire on the 9th, as the transaction costs exceeded the potential amount to rehire. I processed the rehiring then the next morning expecting that a couple of hours do not “violate” the protocols expectation and at the same time not paying more transaction fees then the reinvested amount. That probably worked. Taking profits again, was not really taking profits: The transactions costs were again higher then the claimable amount: 0.004 and a fee of 0.01169. Again a loss.

I stopped the documentation then as the numbers declined even further. Well, as you know, the whole market dumped. And with these dumps, also the Telegram group and the Twitter account disappeared suddenly, Discord changed to Meta Miners, and with that Ruby Mine was and is a thing of the past. Not too many will miss it I guess…

Conclusion

So what did we learn from this little experiment:

  • If it sounds too good to be true, it probably is. Well, no one really believed in a sustainable project providing 8% profit daily in the long run without any other income stream besides bringing more people and their cash into the system.
  • If you still invest into a ponzi-scheme you have to be one of the first. But even then it is quite unlikely that you still make a profit as the system, like in this case, might run out of liquidity before you make your money back. Unless you bring a lot of referrals into the system and you profit from them indirectly in addition.
  • If you still like to invest, you have to ensure your profits are higher then the transactions costs. So don’t invest such a tiny amount into these systems as I did for this experiment.

Earn money in your spare time – Cointiply – follow-up review

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As promised in the previous article about Cointiply (and how to withdraw), I gained some further experience with Cointiply, played with all the various options, and increase my balance with them even more. The intention of this article is to show you, how you can (actively) earn additional income by completing the activities offered by Cointiply.

You find these on the Dashboard under the “Earn” menu item.

Roll the faucet

Lets start with the easiest activity offered: the faucet. Here you can roll the wheel every hour and gain a few points. Easy and quick task, but the rewards are obviously also not that high. I still did roll it from time to time to gain some extra points.

View PTC Ads

The next activity I explored was viewing some ads. Also not that much energy you have to invest to be honest. There are usually many offers waiting for you to explore. Some of them you have to view for 5 seconds only, others take longer. The longest I had went for 45 seconds. Quite obvious that you get more points for the longer activities and less for the others. You have to make sure, that the tab showing the ad keeps the focus. The Cointiply tab displays a countdown on how many seconds more to go. Ones the countdown completed you have to solve a small captcha by clicking on a item and you get the points rewarded. Quite simple, right?

Play the multiplier

This is a betting game, where you can wage a certain number of coins (minimum of 10 coins). You then have to pick some random targets. If you pick the red gems you win, if you pick a black gem, you loose the round and your initial investment. If you are lucky, you can make it up to level 11. Guess, that takes a lot of luck. You can also click on “Take win” and collect your profit. Maximum multiplier is 61x.

I haven’t played this game a lot, as I am not such a big fan of these kind of games. And I usually loose anyway. Although that is quite personal. There is more information on the game in this document.

Play Games

Playing games, sounds like a lot of fun, doesn’t it? Lets have a look: Click on “Earn” and then on “Play games”. This leads you to a new tab, showing short instructions (like not having an ad blocker active), where you got to click on “Start playing & earn coins”. Click. This embeds a window of a mini game website, where you can choose your game and start playing. While you play, a bar on the top screen starts to fill up (slowly) and once its fully filled, you get some coins. Here is how it looks like:

Refer Users

This one is quite obvious: Share the link available under “Earn” -> “Refer users” with your friends and you will earn also a commission when the earn money. Win-Win.

If you like to use my referral link (thank you) it is: http://cointiply.com/r/XeGvg

Cointiply Quests

There is a new feature which I didnt explore that much yet which is Cointiply Quests. Solve the quest and claim your reward for it.

Surveys and Offers

Probably the best opportunities to gain points and earn money: Completing surveys. Of course you can also accept many other offers, like signing up to a website, installing a mobile app, and many more. Survey will be the activity gaining the most.

There are many survey providers available like Yuno Survey Direct, Your Survey Direct, Theorem Reach and others. They all offer on a daily basis various survey for you to complete. Some consume only 5 mins of your time, others take up to an hour. The more time you need, the more you earn. Make sure to answer the questions honestly, as your answers will be verified: There are (obvious) control questions during the surveys, but also your answers are getting checked for consistency in the background. Great way to earn many coins.

Conclusion

Cointiply offers quite a broad range of activities to go through and earn coins. Quite impressive on how many offers are available on a daily basis to choose from. There is something in there for every one. My favorite activity is of course taking a survey to gain most points.

I also have to mention the help desk, which is amazing. You get a always friendly reply within 24 hours, and my problems were solved. Great service, which I really appreciate.

To gain some additional money outside of my day job, Cointiply is for sure one of my favorite sites currently. Highly recommend to give it a try, if you haven’t yet.

Cointiply – Earn crypto currencies in your spare time

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What is Cointiply?

On the Cointiply platform your are offered various tasks on a regular basis to complete and earn points. This points can then be withdrawn in either Bitcoins, Litecoins, Dogecoins or Dash. It is a great opportunity to earn some additional cash in your spare time. Or when you are bored and want to earn some additional bucks.

What kind of tasks are offered?

You can do one of the following activities to earn points on Cointiply:

  • Survey – There are several survey provides collaborating with Cointiply, so you should have always a bunch of tasks available to complete. In my experience you will receive most coins from completing these surveys.
  • View ads – Watch ads for a few seconds and earn some coins. Not a lot to do, not a lot of coins of course.
  • Roll the Faucet – Every hour you can play the free faucet and earn some free coins. There is a maximum of 308 coins to win.
  • Play the multiplier – Multiply your Coins up to 63x by playing the fun and addictive CointiPlay multiplier.
  • Play games – Play games and view ads to earn Coins. Available to all countries, every day!
  • Refer friends

Withdrawing

This is mostly the tricky part in my experience with most of these faucet and activities sites, hence I was waiting with providing a review before I couldn’t confirm the withdrawing process works fine. So I just tried to withdraw the minimum amount of 30,000 coins (around 3 USD) to my litecoin wallet. How did it go?

I used a mail from this domain, which somehow didn’t work. So I switched with the help of the Cointiply support to a Gmail address. This worked flawless. Support service is really great I have to say. Very responsive, friendly and gets the job done. (Thanks, Alex)

So here is the documented process:

  1. Go to your Profile-Icon on the top-right and select “Withdraw”.
  2. Select the currency you like to get paid in. I selected LTC given it got very low transaction fees. Add your LTC Wallet address and the amount you like to withdraw. Minimum is 30,000 points, which I used.
  3. Confirm your withdrawal request by providing your password to receive a confirmation mail to approve the payment
  4. Check your mail inbox and click on “Approve this payment”
  5. Then you get a mail confirming that your amount is getting sent. This took a couple of hours in my case.
  6. The Litecoin amount was received on my Binance wallet.

I will provide further details of my experience with the Cointiply site a bit later after gaining more experience. If you like to play around with it too, please feel free to use my referral link below. Interested to hear your feedback.

http://cointiply.com/r/XeGvg

Withdrawal process gallery:

This article contains my referral link. Many thanks for your support by using it.

Up to 8% daily? Lets give it a try – Enter the Ruby Mine

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Lately I was investigating in these so called high yield farming or auto-compounding protocols. Usually I avoid high risks investments, as it is against my personal risk appetite, but I will make an exception to learn something new and discover new fields within the DeFi world. So more to come in the next days as I explore further protocols and also invest into these.

So disclaimer first: Nothing here is financial advise, only my own personal experience and opinion. DYOR.

So what is Ruby Mine?

In short, it is a high risk, but also high reward protocol running on the Avalanche chain. The Whitepaper covers a tiny story about adventurers who discovered a thousands mile long mine and you can hire miners to mine ruby’s for you. The promise is up to 8% daily return in AVAX. Let’s test that.

How is this sustainable?

The liquidity is provided by i) the transaction fee’s: With every buy or sell transaction you pay a fee of 8%. Although the white paper states 6% go into development and 2% into marketing. Also ii) the recommendation is to compound 6 days and withdraw only on day 7. Otherwise there is a decrease of rewards implemented int he protocol. And iii) liquidity is available as long as new users are entering the ruby mines, resp. the contract. There is also a referral system implemented… Did I hear someone saying ponzi-nomics? So if you think to give it a try, better be quick is my impression. The project runs only since April 2022, so still early days I guess…

So lets give this a try:

Prerequisite:

You need Meta Mask connected to the Avalance C-Chain with some AVAX sitting in it. Given this is a high risk investment, just to mention it again, I put only a tiny amount into it. To stay within my risk appetite.

Steps to mine

  1. Then head over to www.rubymine.money and connect your Meta Mask (referral link)
  2. Enter the amount of AVAX you are willing to invest (I invested only 0.25 AVAX, again, high risk)
  3. Read and accept the disclaimer
  4. Click on “Hire Miners”
  5. Profit (soon)

Compounding and taking profits

Once you went for a nap, the next day, you go back to your “mines” and click – as recommended by the whitepaper – on “Re-Hire”. Remember the 6-1 cycle: Re-hire miners 6 times per week and take profits 1 time per week. Taking profits too often will exhaust your mine and therefore decrease your earnings in the short and in the long run. So rehire Day 1 – 6 and on the 7th day you can hit “Collect” to take your deserved profits.

So lets see how and especially how long these mines provide profit. Will provide an update on this shortly.

If you are interested to join the mining experience too, please feel free to use my referral link. No harm on your side, a bit support on my side. Thank you.

https://www.rubymine.money?ref=0xb3c253d80578f569cfd4fe2e916edbf01b384577

Whitepaper

Ruby Mine Dashboard:

Get started with FAIT on PancakeSwap – Tutorial

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What is FAIT?

FAIT stands for Flourishing Artificial Intelligence Tech. A blockchain data based, learning technology built by Flourishing Capital. As per their website their tech monitors more then 6800 markets and collects and analysis almost 3TB of data per week. Based on these data trade decisions are taken aligned on a set strategy (more on that later). So FAIT is using AI, not (only) rules, as a usual trading bot would do.

There is a web dashboard to monitor FAITs activities and a Telegram interface. The community, and probably also Flourishing, always refer to FAIT as “she”. Not sure where that is coming from though…. guess everyone got its own reason. Lets not go further here.

What is PancakeSwap?

PancakeSwap – or PCS in short – is probably the biggest Decentralized Exchange (DEX) on the Binance Smart (Block-) Chain. DEX means in other words you can do your business like placing trades, staking or yield farming on PCS without relying on a company or central exchange, all activities can be done directly by you with your wallet. No man in the middle. PCS is famous for fast and cheap transaction. Many tokens are supported. Less popular ones can be added manually (you need to know what you are doing obviously) and can also be traded easily once added.

Why should I use FAIT?

FAIT is not emotional. FAIT knows (almost) all the data. At least the ones she is monitoring. She follows the strategy you set without looking left or right. Talking about strategy: Per exchange you can set your anchor currency. WBNB for PCS is the default. What does that mean? Well, FAIT is conducting all trades with the goal to accumulate more and more WBNB. On Bittrex you can set the anchor currency to BTC, ETH or USDT. Whatever you prefer and like to accumulate.

How well does it perform?

I tested it now for not even a month on PCS and also on Bittrex. I honestly don’t have a big amount of money on PCS, but it still works fine.

FAIT completed 21 trades since I started using it (her) on both PCS and Bittrex around 20 days ago. Calculating my average profit per trade I got currently 4.6% profit per trade across both exchanges. Out of the 21 trades, 20 were profitable, and only 1 trade ended with a loss of 9.6%. Luckily, this was a very small trade and I lost only 0.84 USD. Guess it sounded worse then it actually was at the beginning.

How much does FAIT cost?

Flourishing offers two price plans currently: One for CEX or DeFi, currently only PCS, and a price plan for CEX’s, currently Bittrex and Binance supported.

  • For CEX: You need to held 0.75% of your AUM (Assets under Management) in AI token.
  • For DEX: Besides the 0.75% you pay a monthly subscription fee of 40USD.

Exam-question: Is it worth it?

Guess you are the only person who can answer that. For me, yes, it is. I profited so far way more then I paid. I also joined the IDO on BSCPad last year (yes, I regret not having used the service since back then….), hence I had some AI tokens lying around in my wallet and wanted to do something useful with it, hence I gave it a try. I am impressed by the service and technology the team offers and delivers so far. Also the support provided by the team is great.

I am sold. What do I need to do?

Let me show you step by step how you can get started with FAIT on PancakeSwap. I assume you have MetaMask already hooked up to the Binance Smart Chain.

  1. Sign-up for an account with Flourishing
  2. Buy (or you might have already) some BNB tokens
  3. Log in into the dashboard
  4. In the top right, there is a blue button with all the exchanges. Click on PancakeSwap and on “connect”.
  5. Under “Settings” (navigation bar), there is a section called “PancakeSwap”. There you see your custodial wallet address. This is the address “your” FAIT is trading with. Send the desired number of BNBs (and only BNBs) to that address.
  6. Click on “Portfolio” in the navigation bar and wait until FAIT picks up your BNB’s. It should show up as “Assets Under Management”.
  7. Wait for FAIT to make her first trade for you.
  8. Profit.

These are the very basic steps to you get you started with FAIT. Play around with the settings currently offered to familiarize you with the dashboard.

Where can I ask questions?

Flourishing got a pretty active and helpful community on Telegram. Just go there. Feel also free to add a comment here on that page if you like.

Referral link for signing-up via Telegram: https://t.me/flourishingcryptobot?start=1611699253
Don’t have BNB’s? Easiest way to buy BNB directly is via upLink. Tutorial here.

Easiest way to buy crypto currencies? upLink

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Usually you read about the complexity of buying crypto currencies. How complicated it is, how many steps you need to take, how big the risk involved is, and a lot more of – mostly negative – things are wandering through the (mainstream) news portals.

The arguments are now useless. Flourishing Capital solved it. Full-stop. How? They created upLink.

UpLink is an easy interface to swap your FIAT in one (1) step into crypto. Directly from your credit/debit card. It cannot be easier.

Currently BNB, Matic and their own token AI are available to buy. The team is working hard to implement further coins. You can also choose, if you like to use your own MetaMask wallet or if you like to use Flourishing Capitals own custodial wallet to receive your tokens.

Then you either connect your Metamask wallet, sign-up for a new Flourishing Capital account (or login to your existing) and checkout to get your new tokens to your desired destination.

Seriously, can it be easier to buy crypto?

I plan also to do a review Flourishing’s FAIT soon, but need a bit more time to test it thoroughly and see the results.
Update: Here is a very basic tutorial how to use FAIT with PancakeSwap

CoinFaucet.net review

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Who does not like free coins and tokens? I guess all of us do. Although there is no such thing as a free lunch, you get some ads on your screen, as you probably already guessed.

So how does CoinFaucet work?

  1. You sign-up for an account and login
  2. You select your desired coin
  3. Fill in the captcha text
  4. and spin the wheel

So now a bit more details to it: CoinFaucet offers a huge list of coins you can play for. As per their web page it is currently 851(!) currencies (screenshot above). They offer the most popular ones like Bitcoin, Ethereum or Tether, but also less known ones like Pundi X. Have a look under “List Coin” to find you favorite.

Pick your desired coin and click “Play” or “Bet”. We look at the “Play” option today and safe “Bet” for a later point in time.

Once you are on the screen “Get your free AVAX” – I have chosen Avalanche for this example – you see the winning numbers on the left hand side on the page and also how much AVAX you get: Spin a 10000 and you get more then 80 AVAX at the time of writing. Quite a good deal for just clicking a few buttons. Although even is says “This game is probably fair”, it is quite unlikely to get that. But hey, the effort is pretty small, so I guess you have to accept that you need to press quite a few times to that. So enter the “captcha” and click “Roll” and see how lucky you are…..

I got the minimum account in the screenshot below as you see. So I will give it another try in an hour.

There is a “I don’t want to wait” link there too, but this function is currently disabled it seems. I will update this review, if things should change in the close future.

Of course you can also withdraw the coins you earned. There is a minimum of 50USD to be withdrawn – to save on transactions costs I guess – so you need either quite a few spins or at least a lucky spin.

CoinFaucet also offers a referral program where you can earn 50% of what your referrals make. You will find your link at the top where it says “Referral”.

How does CoinFaucet make money themselves? Well, as mentioned in the introduction they advertise on all their pages and earn their money via these ads and pass on these earnings to their visitors by paying out all of these tokens.

If you like to give Coinfaucet a try and earn some free coins and tokens, please feel free to use also my referral code. Many thanks for your support and good luck in spinning that wheel.

I will continue to play around with it. Although I am remain skeptical due to the high threshold of withdrawals: Getting ever to the 50 bucks sound almost like it either takes ages or you need an army of followers. Also not sure how active the team behind the faucet really is anymore… Any one knows more here?

I think there are better portals with better reputation out there like Cointiply, which I am testing at the moment. Review to follow of course.

Review free bitcoin faucet: btcclicks.com (2021 update)

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Overview

BTCClicks.com is another free bitcoin faucet site paying mBTC’s to view their clients ads. It got standard and premium memberships, offers to rent referrals and more to earn more then a standard user. And it works actually pretty well in my experience so far after testing it for a couple of weeks.

How it works

BTCClicks displays ads from their paying customers to present it to you as a bitcoin receiving viewer of the ads. Depending on how long you have to view the adds the more Satoshi’s you will get booked to your account. This can be anything from 60 to 180 seconds; 1 ads will get at the point of writing around 0.00001 and about 0.00003 mBTC. From your dashboard you go to “Surf ads” select the ones you are interested in or  pay most and the ad will open up in a new tab/window of the browser. BTCClicks starts counting down the seconds, a captcha shows up, currently a small calculation, enter the result and you get the mBTC’s booked to your account. Once you got 0.10000 mBTC you are able to withdraw to your wallet immediately. Make sure you login latest after 45 days, otherwise your balance is getting reset. Back to zero (as I found out the hard way….).

If you will get a premium member of BTCClicks – which cost currently 0.27 mBTC for 90 days – then you will get doubled mBTC’s per ad. The same for your referral rewards.

BTCClicks offers also an affiliate program, with various referral methods. Some of them are paid, which I will not go into further details. Straight forward option is using direct referrals: If you are using my links from this article, you will be a direct ref feral as example (thanks for your support).

Tips’n Tricks

  • Select the longest ads as they pay the most
  • Have it displayed on a separate window/tab – still in the front – so you can also multi-task while viewing the ad

If you are looking for further ways to earn (almost) free coins, check out this site here: Free (Bit-) coins

Screenshots

Review free bitcoin faucet: btcclicks.com

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Overview

BTCClicks.com is another free bitcoin faucet site paying Satoshi’s to view their clients ads. It got standard and premium memberships, offers to rent referrals and more to earn more then a standard user. And it works actually pretty well in my experience so far after testing it for a couple of weeks.

How it works

BTCClicks displays ads from their paying customers to present it to you as a bitcoin receiving viewer of the ads. Depending on how long you have to view the adds the more Satoshi’s you will get booked to your account. This can be anything from 10 to 60 seconds; 10s adds will get at the point of writing around 39 and a 60s ad about 103 Satoshi’s. From your dashboard you go to “Surf ads” select the ones you are interested in or  pay most and the ad will open up in a new tab/window of the browser. BTCClicks starts counting down the seconds, a captcha shows up, currently a small calculation, enter the result and you get the Satoshi’s booked to your account. Once you got 10’000 Satoshi’s and are able to withdraw to your wallet immediately.

If you will get a premium member of BTCClicks – which cost currently for 90days 0.0081 BTC – then you will get more Satoshi’s per ad, and also more referal reward then a normal user. As example a click reward for a 20s ad for a standard user is 50 Satoshi, for a premium user it is 100 Satoshi.

BTCClicks offers also an affiliate program, with various referal methods. Some of them are paids, which I will not go into further details. One of these options is the direct referals option, which works as known from other sites:

Tips’n Tricks

  • Select the longest ads as they pay most Satoshi’s
  • Have it displayed on a separate window – still in the front – so you can also multi-task while viewing the ad

Screenshots