Topic: GBMiners.com is Expanding, Inviting miners to come join us . - page 3. (Read 10539 times)

0.09% pool fee sounds great but home many users are in each of you pools what sort of return will I get if I join in with you  and will the daily payout limit be change if the price of bitcoins change.

Damn, corrected 😁

I guess you flunked geography.
 

I have to say I was skeptical in the beginning. Tried the pool for 4 days now and all my payments has been done promptly every day.
The pool is new and needs some adjustments and work. Transparency is a must, and pool leader board is missing, but according to pool operator its a matter of time..
Pool luck has been very well those 4 days I have been working at the pool
I hope it continues in the same direction. Good to see yet another non chinese pool running -ck pool software.

Been three days, still no payment. Just use caution. Or mine with kano, johnny, bitminter or even slush. All of which are reputable.


EDIT: 10/24/16 I have received my payout.

I see the similarities... you were comparing GB to BCN and GB pool to BC pool.

I certainly do not believe the math they present - especially the completely unrealistic promised returns - and the MLM crap is just another way to scam people.  Build your network and reap the rewards (as long as you aren't on the bottom of the pyramid).

What they both do is something that very few other cloud mining operations have done: provide "proof" of mining.  Now, I put the word proof in quotes because there's really no way to associate the cloud hashing contracts with the hardware mining on their pools.  For example, I can't buy my "cloud hardware" and see the miner UI that shows my username, password and pool to which the hardware is connected.  I just have to place my trust in the provider to actually have the hardware they claim they do to support any contract I buy.  That's not going to happen.  I own my hardware, thank you very much.

I run my own pool (have for about a year now), and ran my own p2pool nodes for a couple years prior.  On my pool, you, the miner, control the payouts.  Sure, I set minimum values that can be withdrawn (0.001BTC) but that's to prevent you losing too much of your payout to fees, and also to prevent you from trying to withdraw dust.  There's nothing I have to do manually to ensure your bitcoins get sent to you.  You set the controls, and decide whether you want to withdraw your coins manually, or set a threshold where they will be sent to you automatically.

I don't trust these guys because they claim copyright to work that is clearly not their own.  I don't trust them because they have payout issues.  The payouts are controlled completely by them and are supposedly run on a daily basis... which has not worked and they've manually executed some payment transactions claiming all is good.  I don't trust the BS claims of ROI.  There's obviously a lot of hardware mining on the pool... that much is certain.

Yeah, there is mining going on, but who it belongs to and how many people have been sold shares in it is another matter.
If you believe the A4 laminates on the wall this is GB's Chinese mine, containing about 1,000 S9's

https://youtu.be/y8kw9I1HWvk

Not as professional as BCN's vids of Genesis' Verne Global setup with BitClub signs draped over it, but...

What would bug me, if I had any exposure to GB, is the potential insecurity of their main asset, that farm out in the wilds of China.
I get the feeling that it could just vanish overnight and there wouldn't be Jack that a bunch of Indian guys a couple of thousand miles away could do about it.
That's if they own any of it, of course.


Other similarities between GainBitcoin/BitClub Network and GBminers pool/BitClubPool??

Mainly from the MLM aspect, things like
.
The concentration on crypto newbies as the client base, recruited by old hands in MLM selling.
Various MLM teams around the world formed to sell the "passive income" angle, with a touch of cool innovation and a "get in on the ground floor" hook.
BCN pimps were heavily hinting at 10% per month ROI in the early days, just like Gain do, despite math.
10% a month is a deal clincher number.
Then there's the S.O.P. of false testimonials and social media posturing as "educators", while actual information is biased more to the intricacies of "binary weak legs" and other MLM ephemera rather than mining data or details.
And as you point out, one post newbie shill posts and attacks on critics, another standard tactic from marketeer orientated operations..

And specifically re: mining pool, reluctance to pay third party miners and manual payment processing.

"Fastest growing mining pool in the world" V "one of the largest mining pools in the world"....(~2%)

Which leads me to a non miner question; why would a miner invite other miners into their pool?
Presumably for the money and something to do with black arts things called "luck" and "difficulty"?
Also a bit of dick measuring "look at how big mine is?", to impress the ladies cloudmining punters?

And why would a miner go to a specific pool like GB or BCP? Because it's cheap? Surely there's a risk of them just running away with the reward?

That was an interesting thread to read, tmfp.  I love how it's always the newbie accounts coming the defense of whoever is being called out.... Hi, I know my username is now "SomeMadeUpBS" but I'm really "TheGuyYouMean".  Unfortunately, I lost my password / my cat died / no longer have access to that email account and had to create this new account...

Whatever.

The thing is, these guys really do have a ton of hardware pointed to their pool - at last check it's over 30PH.  Either they own the hardware themselves (probably purchased from the cloud mining scams they ran) or have somehow convinced around 2% of the world's hardware to point their way.

You mention similarities to BitClub... but I'm not seeing them.  Help me see what you see

Obviously these guys are using ckpool underneath the covers.  Unfortunately, they've completely removed the footer references to the authors of the software, and have instead put their own copyright claims to it.  That's just a dick move.

"GB" is short for GainBitcoin, a company which has difficulty with maths when selling cloud mining contracts, as I point out here.

Their use of MLM to sell contracts is reminiscent of BitClub Network, from whom they steal layout, text and approach and now further copy with their own pool.
They may or may not mine themselves in China with some S9's.
The are owned by "Mark Lee" from Singapore who has had various Bitcoin enterprises in India and a long term relationship (if they are not the same person) with Amit Bhardwaj/Kumar, of late unlamented HighKart fame.
 

Agreed.  Changes to formatting, colors, etc certainly do not constitute changing your code in any significant or meaningful way.  Taking your name off the copyright footers is just a dick move by the pool operators.

Hey OP, how about you do the right thing and give credit where it is due?  Also, how about you actually explain your issues with making payment, instead of just giving some BS excuse and promises they will be resolved in a few days?

Blatantly claiming credit for code you didn't write and not properly paying out your miners.  Not exactly a good way to introduce yourselves to the community.

... and they removed my name off the copyright on the web pages even though most of all the web pages are still my code (small changes by them)

Scumbags.

@ buxlover

Check the signature for -ck and I believe you will find a link to a posting that contains the links for the pool software.

I'm waiting for some members say about the payouts 

Can you give the link to view your code for pools, Can we edit that as we wish or do you have some type of license for the script.


Thanks for alerting, I will just remove my hashes from them till some members say its paying.

The biggest problem is they do NOT pay. I threw a s7 on their pool for about a week. Still waiting on .05 btc to be paid. Support is non existent. Use caution is all I can say.

ckpool is the name of SOFTWARE. People confuse that with kano's ckpool and my solo ckpool. This pool does not direct its hashes to either of our pools; it simply uses my software.

When i connect to your pool, welcome message is from ckpool. Is there anything i have to worry about or should i connect with ckpool directly rather to your pool, where i can get more from there.

Can some experienced miners please explain and give suggestion to me, what should i do continue with this pool or go to ckpool

GBMiners.com is India's Biggest Mining Pool and is also the fastest growing Mining pool of the world .

GBMiners.com is looking for miners to join our Mining Pool. We are charging an extremely low pool fee .

why should you join us ?

* GBMIners.com has grown from 0 to 30PH/s in just 30 days time,
* GBMiners is mining at 2% of the world's total mining power
* Pool's Lifetime Luck >115% ( this is higher than any other pool in the world at such a scale )
* GBMiners uses PPLNS payout method that ensures max. revenue for you
* We have a low pool fees of 0.9% and transaction fees is included in the reward
* Payouts are done Daily and users are earning 5% higher payouts as compared to other PPS pools

We have built a highly efficient mining pool to give you best returns on your mining power.

Together we can do more, GBMiners is growing at a mind blowing rate and are the fastest growing mining pool of the world

Have a look at the block statistics given below
http://i.imgur.com/8Xe0KEF.png?1

GBminers.com is inviting all miners to come join us in our venture and grow with us . Together we can do a lot more.

You can connect with us at [email protected]