Nitrogen New Withdrawl policy

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  • littlekona
    SBR Hall of Famer
    • 11-19-15
    • 5241

    #1
    Nitrogen New Withdrawl policy
    FYI

    NEW RULES CONCERNING BITCOIN NETWORK FEES

    To our players,

    As most of you are well aware, the cost to transact on the Bitcoin network has risen exponentially in the past few months. As a result, we are changing withdrawal rules for our players.

    The rules are designed to provide an optimal experience on the site, both for new and existing players.

    HERE ARE THE NEW WITHDRAWAL RULES:

    Effective December 14th, 2017 at 2PM EST, Nitrogen Sports players are allowed one (1) FREE WITHDRAWAL PER WEEK (7 day period), in effect on all accounts retroactively. Subsequent withdrawals will incur a 0.001 BTC free to cover the cost to transact on the Bitcoin network. In addition, only accounts with a deposit history of at least 0.005 BTC are eligible for the 1 free withdrawal per week offer. Accounts with a deposit history of less than 0.005 BTC will pay the transaction fee listed above for each withdrawal.

    An important consideration: this does not in any way restrict the number of withdrawals a player can request. Players at Nitrogen Sports are still at liberty to withdraw whenever they wish. This change simply implements a fee structure.

    Due to the evolving state of the Bitcoin network, we reserve the right to amend our withdrawal policy at any time and may do so in the near future.

    SAFE. ANONYMOUS. THE FUTURE OF BETTING

    Despite the recent change to our withdrawal policy, we are still safe and anonymous -- and that won't be changing anytime soon.
  • littlekona
    SBR Hall of Famer
    • 11-19-15
    • 5241

    #2
    seems very reasonable A++++ Nitro
    Comment
    • Crusherrr
      SBR MVP
      • 06-27-16
      • 3646

      #3
      1 Free withdrawal a week still fine. Nitro one of my favorite places to bet/play now.
      Comment
      • PaperTrail07
        SBR Posting Legend
        • 08-29-08
        • 20423

        #4
        Comment
        • tb1984
          SBR MVP
          • 09-11-08
          • 3112

          #5
          I think 0.001 BTC for miner fee is little too much... around 0.0004 or 0.0005 are reasonable.
          Comment
          • littlekona
            SBR Hall of Famer
            • 11-19-15
            • 5241

            #6
            Originally posted by tb1984
            I think 0.001 BTC for miner fee is little too much... around 0.0004 or 0.0005 are reasonable.
            I just looked and For the median transaction size of 226 bytes, this results in a fee of 0.000904 BTC and is the fastest and cheapest transaction fee currently....So If we want the same level of speedy confirmation withdrawals I think it is very reasonable esp since the 1st one per week is free
            Comment
            • franklissa
              SBR High Roller
              • 07-27-14
              • 116

              #7
              Very reasonable. Fairlay has the same rules. Two best books by far. Fairlay and Nitro
              Comment
              • Sam Odom
                SBR Aristocracy
                • 10-30-05
                • 58063

                #8
                NEW Nitrogen w/d rules

                Nitrogen players are allowed 1 free withdrawal per week (7 day period). Subsequent withdrawals will incur a 0.001 BTC fee to cover the cost to transact on the Bitcoin network. In addition, only accounts with a deposit history of at least 0.005 BTC are eligible for the 1 free withdrawal per week offer. Accounts with a deposit history of less than 0.005 BTC will pay the transaction fee listed above for each withdrawal.


                Comment
                • Hman
                  SBR Posting Legend
                  • 11-04-17
                  • 21429

                  #9
                  Sam pardon my ignorance, but does it cost them anything at all to transfer Bitcoin.

                  I thought it to costs us when we move it around.?.
                  Comment
                  • Sam Odom
                    SBR Aristocracy
                    • 10-30-05
                    • 58063

                    #10
                    Originally posted by Hman

                    Sam pardon my ignorance, but does it cost them anything at all to transfer Bitcoin.


                    Senders pay miner's fee - so on a Nitro w/d Nitro has to pay fees

                    BTW - some fees are totally ridiculously high these days
                    Comment
                    • littlekona
                      SBR Hall of Famer
                      • 11-19-15
                      • 5241

                      #11
                      wonder if and or when Nitro will start an option for (ETH) or other crypto///seem like it would be a easy for them to implement that option
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388189

                        #12
                        Sammy is this good or bad for Nitro players??
                        Comment
                        • TheMoneyShot
                          BARRELED IN @ SBR!
                          • 02-14-07
                          • 28672

                          #13
                          Originally posted by tb1984
                          I think 0.001 BTC for miner fee is little too much... around 0.0004 or 0.0005 are reasonable.
                          I agree. It does sound a little steep.
                          Comment
                          • eswerve4
                            SBR Wise Guy
                            • 10-09-11
                            • 500

                            #14
                            1st world problems
                            Comment
                            • Sam Odom
                              SBR Aristocracy
                              • 10-30-05
                              • 58063

                              #15
                              Originally posted by jjgold

                              Sammy is this good or bad for Nitro players??

                              Less good for Players

                              Better than most cash books
                              Comment
                              • jjgold
                                SBR Aristocracy
                                • 07-20-05
                                • 388189

                                #16
                                Thanks Sammy
                                Comment
                                • Snowball
                                  BARRELED IN @ SBR!
                                  • 11-15-09
                                  • 30040

                                  #17
                                  the biggest risk of playing at nitrogen is maintaining the bankroll balance in btc
                                  not usd. it was great but that can reverse.
                                  Comment
                                  • Sam Odom
                                    SBR Aristocracy
                                    • 10-30-05
                                    • 58063

                                    #18
                                    Originally posted by Snowball

                                    bankroll balance in btc not usd. it was IS great but that can reverse.

                                    Correct

                                    Nitro is a double gamble
                                    Comment
                                    • Snowball
                                      BARRELED IN @ SBR!
                                      • 11-15-09
                                      • 30040

                                      #19
                                      Originally posted by Sam Odom
                                      Correct

                                      Nitro is a double gamble
                                      Right now Sam if you had to deposit
                                      would you at btc>usd book or nitro ?
                                      Comment
                                      • Sam Odom
                                        SBR Aristocracy
                                        • 10-30-05
                                        • 58063

                                        #20
                                        Right Now

                                        cash book

                                        just Sammy... however BTC could go to 20K this weekend
                                        Comment
                                        • Snowball
                                          BARRELED IN @ SBR!
                                          • 11-15-09
                                          • 30040

                                          #21
                                          Originally posted by Sam Odom
                                          Right Now

                                          cash book

                                          just Sammy... however BTC could go to 20K this weekend
                                          ditto
                                          Comment
                                          • raiders72001
                                            Senior Member
                                            • 08-10-05
                                            • 11013

                                            #22
                                            littlekona- I'm sorry that I missed your post yesterday.
                                            Comment
                                            • jjgold
                                              SBR Aristocracy
                                              • 07-20-05
                                              • 388189

                                              #23
                                              keep us updated on changes
                                              Comment
                                              • littlekona
                                                SBR Hall of Famer
                                                • 11-19-15
                                                • 5241

                                                #24
                                                Originally posted by raiders72001
                                                littlekona- I'm sorry that I missed your post yesterday.
                                                Haha fast huh...I'm just lucky my at work I can have sites up and mess around on here...pretty reasonable policy esp giving one free per week...Also many free play offers up to .01 btc wager a flowing on Nitro...Im on poker now baby table Nitro is A+++++
                                                Comment
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