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Topic: Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free? (Read 28737 times)

newbie
Activity: 37
Merit: 0
Can we get the SEC to investigate this now that they're working on BTCST?

This is the same question I've been asking myself...   anybody have any constructive input?
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
Can we get the SEC to investigate this now that they're working on BTCST?
member
Activity: 84
Merit: 10
www.coincloud.tk :)
Been away from this topic for a while but followed up my original research..
I'm pretty sure I've got the little fucker from following block chains..

I reckon this is his 'main' account and has probably pulled off a few scams.. or a lot of people fell for MU
or it was partly legit .. I dunno but yeah, If I'm right check this out:

https://blockchain.info/address/19CxcWo1ERqMxZywVPWwM3CxLTFhVefJQB

 Embarrassed  Angry
15/dec - followed it again and still this guy seems to be running with lots of coins!

https://blockchain.info/address/1PB4xXUFyy4kSNqroCBVaQuCuw9VcN3be4
newbie
Activity: 30
Merit: 0
legendary
Activity: 1988
Merit: 1007
Don't worry. I'm still a newbie as well! There is a massive amount to learn, and you are likely to win and lose along the way. Just take everything as a lesson, learn from it and you will be better off than most others.

Amen!  Well put :-)

Thanks, :p. The way I see it as long as you're learning from mistakes they're alright to make. It's when you make the same one over and over that you have a problem.
newbie
Activity: 11
Merit: 0
legendary
Activity: 1806
Merit: 1029
Don't worry. I'm still a newbie as well! There is a massive amount to learn, and you are likely to win and lose along the way. Just take everything as a lesson, learn from it and you will be better off than most others.

Amen!  Well put :-)
legendary
Activity: 2912
Merit: 1060
The scam has been completed.

Anyone receives refuns from MU?? Or that Scam is finished?

TY
newbie
Activity: 12
Merit: 0
newbie
Activity: 12
Merit: 0
Anyone receives refuns from MU?? Or that Scam is finished?

TY
legendary
Activity: 1988
Merit: 1007
With all that money blew on SatoshiDice, would it be worth while buying shares before the dividends are paid out? Could the stolen funds be recouped that way?

Can't fault you for thinking outside the box but I don't think it would work out too well, :p.
legendary
Activity: 2912
Merit: 1060
Oh haha they didn't gamble much
sr. member
Activity: 364
Merit: 250
With all that money blew on SatoshiDice, would it be worth while buying shares before the dividends are paid out? Could the stolen funds be recouped that way?
lol no, this is a drop in the bucket on Satoshi Dice.
legendary
Activity: 2912
Merit: 1060
legendary
Activity: 826
Merit: 1004
With all that money blew on SatoshiDice, would it be worth while buying shares before the dividends are paid out? Could the stolen funds be recouped that way?
member
Activity: 117
Merit: 10
The sheer ignorance of you guys even "crunching numbers" and trying to "figure out if it's a good investment" is mind boggling. Fool me once shame on you, feel me twice, well I'm just a dumbass with BTC to throw away. Don't be that guy!  Grin

There is no sense in rejecting every opportunity as a "scam" like you are doing now. Exercise due dilligence of course, but if you never take a chance, never invest anything, then you will never make any money.

Feel free to share your gut feelings in here, but don't present them as a matter of fact. That way you just come off as arrogant.

-Michael
full member
Activity: 207
Merit: 100
The internet is FILLED with ponzi schemes. They're not super popular with Bitcoin yet but just you wait! Soon we'll be swimming in Bitcoin 'games' and ponzis.
legendary
Activity: 1988
Merit: 1007
As I said before I'm not getting involved with cloudhashing, so it's not a matter of at what stage of being scammed I'm in.  It's more like "wow, there's a LOT to learn here."  There certainly are other things going on besides logical reasoning--that's true for everyone.

As for it being obvious that selling mining contracts is a scam, it's not as obvious if you are brand new to the concept of mining and have no idea of what's actually possible.  I, for my part, have found all the posts that went over how much computing power, electricity, etc. it actually takes to be quite informative in that respect.

With a lot of things, I have found that just because something is obvious to *me* does not mean people who don't see what I see are idiots.

Don't worry. I'm still a newbie as well! There is a massive amount to learn, and you are likely to win and lose along the way. Just take everything as a lesson, learn from it and you will be better off than most others.
legendary
Activity: 1806
Merit: 1029
As I said before I'm not getting involved with cloudhashing, so it's not a matter of at what stage of being scammed I'm in.  It's more like "wow, there's a LOT to learn here."  There certainly are other things going on besides logical reasoning--that's true for everyone.

As for it being obvious that selling mining contracts is a scam, it's not as obvious if you are brand new to the concept of mining and have no idea of what's actually possible.  I, for my part, have found all the posts that went over how much computing power, electricity, etc. it actually takes to be quite informative in that respect.

With a lot of things, I have found that just because something is obvious to *me* does not mean people who don't see what I see are idiots.
newbie
Activity: 28
Merit: 0
Now you people are getting nasty.  This is a newbie thread.  Maybe some of us don't have the benefit of your years and years of experience immediately spotting these scams.

It doesn't take years of experience to realize this was a scam. It was completely obvious.

There is no plausibility behind their mining contracts, that's absurd.

I'm glad you found the APR useful. Since I deleted that post, here it is again (from a previous poster). "37% weekly interest is 1,286,676,865% annually" . It doesn't take a rocket scientist to figure out that 37% weekly interest is not realistic. You don't have to actually do the math to know that's not plausible for ANY business plan. NOBODY can repay loans at that interest rate (and, yes, you're sending this guy short term loans, regardless of how he dresses it up).

Just like every scam, they do have a scheme to sell, and sometimes it sounds plausible (this one DID NOT). It comes down to common sense. Nobody is going to send you free money and make you rich.

I warned people over and over. So did everyone else. Clearly, something other than logical reasoning is going on in your brain.
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