1. #1
    littlekona
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    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.

  2. #2
    littlekona
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    seems very reasonable A++++ Nitro

  3. #3
    Crusherrr
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    1 Free withdrawal a week still fine. Nitro one of my favorite places to bet/play now.

  4. #4
    PaperTrail07
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  5. #5
    tb1984
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    I think 0.001 BTC for miner fee is little too much... around 0.0004 or 0.0005 are reasonable.

  6. #6
    littlekona
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    Quote Originally Posted by tb1984 View Post
    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

  7. #7
    franklissa
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    Very reasonable. Fairlay has the same rules. Two best books by far. Fairlay and Nitro

  8. #8
    Sam Odom
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    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.



  9. #9
    Hman
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    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.?.

  10. #10
    Sam Odom
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    Quote Originally Posted by Hman View Post

    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

  11. #11
    littlekona
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    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

  12. #12
    jjgold
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    Sammy is this good or bad for Nitro players??

  13. #13
    TheMoneyShot
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    Quote Originally Posted by tb1984 View Post
    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.

  14. #14
    eswerve4
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    1st world problems

  15. #15
    Sam Odom
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    Quote Originally Posted by jjgold View Post

    Sammy is this good or bad for Nitro players??

    Less good for Players

    Better than most cash books

  16. #16
    jjgold
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    Thanks Sammy

  17. #17
    Snowball
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    the biggest risk of playing at nitrogen is maintaining the bankroll balance in btc
    not usd. it was great but that can reverse.

  18. #18
    Sam Odom
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    Quote Originally Posted by Snowball View Post

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

    Correct

    Nitro is a double gamble

  19. #19
    Snowball
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    Quote Originally Posted by Sam Odom View Post
    Correct

    Nitro is a double gamble
    Right now Sam if you had to deposit
    would you at btc>usd book or nitro ?

  20. #20
    Sam Odom
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    Right Now

    cash book

    just Sammy... however BTC could go to 20K this weekend

  21. #21
    Snowball
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    Quote Originally Posted by Sam Odom View Post
    Right Now

    cash book

    just Sammy... however BTC could go to 20K this weekend
    ditto

  22. #22
    raiders72001
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    littlekona- I'm sorry that I missed your post yesterday.

  23. #23
    jjgold
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    keep us updated on changes

  24. #24
    littlekona
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    Quote Originally Posted by raiders72001 View Post
    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+++++

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