Topic: Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free? - page 17. (Read 28737 times)

Have you spoken to them about it?
Was answered?

Your bitcoin address appeared in the list of enderenços that exist on the site?

Well it's been over a week. I've been withholding making this public since I know once I do I will get a payment.

Here you have it, a real long time member saying they don't pay.

https://blockchain.info/address/181n25vgaDfbUYkaynUEo4haCyutcq3v4i

I know this is a long con but now it seems it's also a short con.

And cue the payment with an excuse... 3.. 2.. 1...

The site already running at 1 month.

Someone not received within the prescribed period the money he had received?
And if not received within that period, upon contact, received what was due?

Obvious scam. 37% wow they could have at least made it slightly believable.

Actually, it is abundantly obvious regardless of time. It's a classic and *overt* Ponzi Scheme. Ponzi Schemes are illegal and early investors that actually do 'win' can get hit by clawbacks in later prosecution (where they come and take your money).

By encouraging others to get in just so you can get your payouts for a while longer is perpetuating the fraud and making YOU a participant.

And there are no mining rigs. Get real. It doesn't even make sense with our without them. The whole thing is a joke.

Almost as bad as the web site. Check the source. It was made by some WYSIWYG editor, it's freaking awful. And it is HILARIOUS that hxxp://www.btccheap.com/ has the same site 100x better. I'm pretty sure that it was MiningUnited that is the copier of this scam. Almost as funny as the email from 'Jimmy' that tells Mining United that they can play Satoshi Dice with his 'donations'.

This idiot is actually going to get away with a good darn chunk of change, thanks to your morons. And, YES, he will get YOU. Whatever profits you have, he'll take when he exits with your latest 'investment'.

I'm intrigued. I think I'm starting to figure it out.

The basic setup is a simple ponzi scheme. Take an order, and you have 72-96 hours to get enough new orders to pay back the old one (which is only around %10 of the original investment). On top of that, you offer premium memberships for 1 btc each, which gives you even more capital to pay back early investers. (1btc can be used for quite a few 0.05 btc payouts!)

If you start to run out of capital, just claim the servers are full and make people wait longer.

According to their page, it looks like there are currently 45btc worth of payments that have been received and are currently queued. Only 4 btc are currently in the process of being sent out. That buys the owner a bit of time to try and make those 45btc into 50btc and the rest is profit 

As I have said, only time will tell. Current payouts are not proof of legitimacy. A ponzi scheme requires payouts to sucker more people in. But I will withhold jusgement for now. I think payout rates are a good indicator. We all know difficulty increases over time. And in general, it would be difficult to purchase/rent equipment fast enough to maintain a certain rate over time. If MU is still here 2 months from now and paying the same rates, it would be a miracle. But if the service sticks around with continually lower payouts, it would appear more legit to me.

Anyway, to all those participating, never forget that any money sent may never come back, regardless of prior history.

Well it's been over a week. I've been withholding making this public since I know once I do I will get a payment.

Here you have it, a real long time member saying they don't pay.

https://blockchain.info/address/181n25vgaDfbUYkaynUEo4haCyutcq3v4i

I know this is a long con but now it seems it's also a short con.

And cue the payment with an excuse... 3.. 2.. 1...

The whole thing is kind of funny...

1. MiningUnited says, "Send us Bitcoins, and we'll send you more!"
2. MiningUnited got caught playing Satoshi Dice with investor funds, "A guy named Jimmy emailed us and said we could play with his coins! See, here's the email." LOL
3. MiningUnited has a clone web site, "That's some person ripping us off, see they sent us an email taunting us!" LMFAO

Good thing they have these nice little emails to 'prove' what 'they' are saying.

I'm pretty sure it's a single scammer here. A teenager, most likely.

Are you people retarded? And if you're greedy enough to go on the 'greater fool' principle, hoping YOU won't be 'in' when the gig is up, you'd really encourage this type of behavior for some profit? Further, as you get more confident, he WILL take you, and your losses will be for nothing. There's no telling when this ends, could be today, tomorrow, or next week. You are an idiot if you send this guy money.

Ponzi schemes are illegal. The owner of this site will be prosecuted, he'll be locked up until he's 18 (assumed he's under 18), and his parents will be highly upset since they'll be bankrupted.

When you suckers lose your money, I don't even want to hear any complaining, as you are retarded. Those who are taking profits early in this ponzi scheme may also be liable!! Clawbacks go after EVERYONE who profited from a Ponzi scheme.

Getting in bed with this guy is suicide. You think someone is going to just send you free bitcoins forever? Does that sound right to you? Some anonymous joe who, as you can see from this thread, has no integrity.

The only thing that truly upsets me is, seeing how stupid people are, it seems we should all just set up clones of this dumb ponzi scheme. Except for the fact that it's a felony. It doesn't matter if its Bitcoins or donkeys, a ponzi scheme is a ponzi scheme, and they are illegal. And, yes, the fed takes this kind of thing seriously. They may come beat down your door two years after you get out of this scheme, but your day will come.

Just noticed an edit from the original poster for this thread.

Glad to hear it! Buy an iPad or something cool with that 5+ BitCoin!

Our current website is being re-coded as we speak.

They have a nicer site.

We were expecting copies of our website, but not EXACT copies word-for-word. Anything that is successful is copied. This is why we were hesitant to providing too many details of how we EXACTLY do what we do.

There will be many copies of Mining United, some will be legit, some will be scams in the end - it is just how it is. We will not be able to stop copy sites, but can beat them by offering the best service, proven most trusted, first, customer support, etc.

Well it's kinda like what people did with that gem game I guess.

Thanks for asking questions instead of jumping straight to conclusions.

Thanks for clearing that up. I was pretty sure it wasn't you guys.

Thanks for using Mining United!

Sent my 0.05 back I will post tomorrow with the block chain link

Thank you MU. I will use the service again

Andy B

Once again, your assumptions have you wrong.

BTCCheap.com is a blatant, obvious, copy of our website. We are in NO WAY related to this website, all the way down to the DNS's being different. The have copied ALL of our pages literally word-for-word. Shortly after the website went up this was sent to us:



It was registered on May 7, almost a month after our website.

MiningUnited is NOT responsible for loss of BitCoin from using the copy website BTCCheap.com. We have already had several email's from people who used that 'scam copy' website saying that they have lost BitCoin after several days with no contact back from this copy website.

Only things I can see is that it was:
registered by two different companies, GoDaddy for MiningUnited, and Namecheap.com for BTCcheap.
Different Cities for the contact information
Different Hosts for the websites
Different Registration dates.

Same website setup.

Now, while it could be the same person, I kinda doubt it. I mean if Bitcoininformation wanted to, he could copy and paste MiningUnited's website and create his own right now. And MiningUnited would still get blamed for running it.