Topic: Definitive proof the owner of pbmining is a scammer - page 4. (Read 16033 times)

I did some calculating.  Now I know all miners are different and we don't know the "age" of his equipment.  But I used 4 different Bitcoin calculators to estimate what I should get for the 763 ghs I have which were pretty close to the same.

Now, these are just examples and I realize that in no way without knowing his equipment, etc. and what the calculators use for "equipment" we may not be comparing apples to apples, but here goes.


I got 0.05370662 BTC for the 763 ghs.  So I am being shorted about .014 BTC which to me is not a little amount.  Taking the lowest of the calculations, that means we are getting about 80% of what we should be getting (.05370662/.06713805 = 79.99%)
Following are the results for the four calculators:

40,007,470,271 is what all four say the difficulty is for this week.
1.  https://bitcoinwisdom.com/bitcoin/difficulty   .06714
2.  http://www.bitcoinx.com/profit
  (had to put in the proper difficulty)  Calculation says .0096 bitcoins a day which is .0672 bitcoins a week.
3.  https://alloscomp.com/bitcoin/calculator    0.06713805 BTC They also project with lower difficulty next week it will be 0.07091265 BTC
4. http://coinbrief.net/c/btc/mining/    0.06713908

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THE ABOVE WAS FOR LAST WEEK---  RIGHT NOW FOR MY 763 GHS IT HAS MINED .00107589 FOR THE 27 HOURS SINCE THE PAYOUT. IF YOU CARRY THIS OUT, IT MEANS MY PAYOUT ON SUNDAY WILL BE .00753123 btc.

What I don't understand is why doesn't he just pull the plug if it is a scam rather than carry-on like this?  And if it is legit, than why the low rates (CONSIDERABLY LOW!!) all of a sudden.

yeah me too i think it is over with pbmining

From sunday on, they pay just 10% out of the amount stated on alloscomp.com/bitcoin/calculator !!!
PBMining is purely scam.

I did some calculating.  Now I know all miners are different and we don't know the "age" of his equipment.  But I used 4 different Bitcoin calculators to estimate what I should get for the 763 ghs I have which were pretty close to the same.

Now, these are just examples and I realize that in no way without knowing his equipment, etc. and what the calculators use for "equipment" we may not be comparing apples to apples, but here goes.


I got 0.05370662 BTC for the 763 ghs.  So I am being shorted about .014 BTC which to me is not a little amount.  Taking the lowest of the calculations, that means we are getting about 80% of what we should be getting (.05370662/.06713805 = 79.99%)
Following are the results for the four calculators:

40,007,470,271 is what all four say the difficulty is for this week.
1.  https://bitcoinwisdom.com/bitcoin/difficulty   .06714
2.  http://www.bitcoinx.com/profit
  (had to put in the proper difficulty)  Calculation says .0096 bitcoins a day which is .0672 bitcoins a week.
3.  https://alloscomp.com/bitcoin/calculator    0.06713805 BTC They also project with lower difficulty next week it will be 0.07091265 BTC
4. http://coinbrief.net/c/btc/mining/    0.06713908

What about when he randomly increases the skimming to 25%? Then 50%? Then 99%?

I don't give a damn about 15% skimming or what so ever, I'm all in as long as it takes me to reasonable profit.

thanks for this thread.. this just makes me re-think about pbmining.. and other sites out there.

that payment formula is so bad.. 15% skimming.. srsly wtf.

can somebody pm me actual info - facebook, other people that associate with this guy that may be able to reason with him

I woke up and there is my payout, PBMining still alive and has paid the payout! 

Not for PB mining, but an any operation that pays out in btc and sells scrypt, being paid out from the wallet that accumulates customer purchases does make sense, (as long as that same address is also funded by external sources, (( the hypothetical scrypt coins being mined and sold)))

PBMining is purely Scam.
PBMining is just skimming the payouts and the payout history is the proof!!!

Have a look at this payout history:

Payout on 2014-11-16 (2339.5 GH/s at Difficulty 39603666252.4):
0.2138679 BTC out of 0.20795672 BTC (lost +0.00591118 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-11-23 (2339.5 GH/s at Difficulty 40300030327.9):
0.19793207 BTC out of 0.20436333 BTC (lost -0.00643126 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-11-30 (2339.5 GH/s at Difficulty 40300030327.9):
0.18330298 BTC out of 0.20436333 BTC (lost -0.02106035 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-12-07 (2339.5 GH/s at Difficulty 40007470271.3):
0.17350634 BTC out of 0.20585777 BTC (lost -0.03235143 BTC compared to alloscomp.com/bitcoin/calculator)




PBMining is paying BTC, but they rob/steal 15% on every payout. So investing in this ponzi scam is a very bad invest.

It's reliable. You can click on the addresses/transactions and it will take you to blockr.io. (which can be compared to other blockchain explorers)

You would think paying out "mining earnings" with btc from new customer purchases would be an obvious indicator of a ponzi but many don't see it that way. They are able to convince themselves that it's possible or even likely that the company has a secret mining address which is mysteriously never used for payouts.

Do we know that bitiodine is reliable at all? Paying investors with their own money would be quite obvius if it's a ponzi but I think that they would have been using a mixer from the start.

Confirmed, just received payout also.

If the owner of PBmining happens to read this thread, now might be a good time to revel identity. Because if you are not, and/or are not planning to run scams, nobody that has half a brain will be re-investing with you anytime soon after reading this thread. You have a lot to gain, and nothing to lose. Not unless your wanted by authorities for some other previous crimes, than you may be in a bit of a pickle.

On a side note: I have noticed that many BTC related website owners are reluctant to reveal identity when asking the general public to send them money. Why is that? Are they afraid of their government coming to steal all of their profits? Or is it because they don't want anyone to know they are a huge dork living in their parents basement? I could really care less if the latter is the truth, as long as that person keeps sending me profits. I would even go as far to make sure mommy keeps supplying a fresh supply of milk n cookies every day.

Here is a news flash for anyone worried that the government will come take your profits. THEY WILL GET IT NO MATTER WHAT. If not legally by taxes, they will drum up some bogus laws to come "legally" steal it from you, and than "legally" throw you in jail. So you may as well just pay up now, and save yourself from prison time later on. Throw em a bone, n they leave you alone. Unless your willing to pack up and live on some tax haven island, you gotta pay to play.

i see. even if it had been, still nowhere close.

THats not what he mined. 98% of those coins dont even come from mining. There is like a few satoshi there from pools and 2 BTC from eligius. The rest is sales of contracts.

https://blockchain.info/address/1PBMyo8kLhwtxKdNwSdjwvA377D6M5EgzS

this is what he has mined. in your opinion does it measure up to what he is expected to pay out on a weekly basis?

Because no miner can give u the exact statistical amount. If you dont believe my word, buy a cheap miner and try yourself. Moreover, the so called legit miners like AM hash, CEX.io gives u even lower payout than this.

While you are there, also ask why we are getting 10% less of what is being (statistically) mined.

But don't be disappointed if they won't answer: I sent a mail asking this one week ago, and no answer.

I have removed 'some' of the items I looked into because 'they' made a payment.  Now that we know who behind pbmining, I am gonna ask them to Open up more as it will stop this witchhunt that has happened today.  I also urge them to possibly engage us with future plans and be honest and frank about their financial situation.  Could we help in some way? if you want to reduce the payouts because it is not working, talk to us.  If it is just a rotating numbers website, then perhaps with the remaining money you have you can find a way of turning yourself into a true mining website and if it is, perhaps enlighten us to your mining operations.  I think time is right to be less transparent, see how GAWminers is handling the situation, they are indeed having Google Hangouts presently!  So I apologize for researching you but I cannot pretend that their others here with greater investments that may have put it all on the line and relying on it so close the xmas.