Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free? - page 31.

BitCoinNewGuy

member

Activity: 84

Merit: 10

'That Guy'

Quote

Just because you got paid doesn't mean it isn't a pyramid scheme. Just be wary.

Quote

Looks like a pyramid scheme to me...

As I am a Mining United user and have a question. I just want to ask, if MiningUnited.com is a "pyramid scheme" then how come they are not taking any new users? I thought that in order for a "pyramid scheme" to work you need to constantly expand and get new people to buy?

See here: http://www.MiningUnited.com/full.html also posted on their homepage.

Also, seems as if all their transaction payouts do show in the Block Chain. I have received ALL my payouts as well.

I'll admit I am skeptic of their service, but this just brought things to a whole new level of legit for me.

Proud Mining United User

blueblade123

member

Activity: 91

Merit: 10

Quote from: tysat on April 28, 2013, 09:23:30 PM

Quote from: tysat on April 28, 2013, 11:21:12 PM

So you believe someone can continually give 8.9075755% interest daily on short term loans? That's the return rate on .25 BTC. That is not a business model, that's a scam being built.

That's from a PM I sent to someone explaining how it's a scam.

And Since the PM was to me, I figured I'd chime in.

It seems like they are going to try to make their money from Premium memberships. Now, obviously, as a new website, they can't just ask for money right upfront for a membership to a site that no one has ever heard of. I understand that. Of course I wouldn't suggest anyone put hundreds of bitcoins in at one time. But if you can afford to take the chance, (some of you play Dice for more BTC's then this), I say it can help supplement your mining income.

I've also gotten paid multiple times from Mining United. Proof in this thread: https://bitcointalksearch.org/topic/rent-space-on-a-mining-server-mining-united-make-extra-bitcoins-189872

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Quote from: tysat on April 28, 2013, 11:21:12 PM

So you believe someone can continually give 8.9075755% interest daily on short term loans? That's the return rate on .25 BTC. That is not a business model, that's a scam being built.

That's from a PM I sent to someone explaining how it's a scam.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Just because you got paid doesn't mean it isn't a pyramid scheme. Just be wary.

frozeninferno

newbie

Activity: 1

Merit: 0

Yes, this is my first post, so I understand this is going to look suspicious. But I can verify that this is not a scam. It is, however, a practice in Darwinism. I've been using Mining United for a couple weeks now and it's paid every time. The catch is that the wallet you send the BTC to changes every now and then. In my screen shots, you'll see that when BTC0.1 was the highest buy-in, it was one address. Now that the highest buy-in is BTC0.25, it's a different address. So, he's counting on people trusting him, saving the address, then just sending them to the same address over and over again.

So, I actually recommend jumping on board, but check the site to make sure you've got the right wallet address before you send anything.

http://i.imgur.com/1JrQ7ef.png

http://i.imgur.com/OKPKnX1.png

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

I can't imagine it's legit. I don't know how he would make such a high return.

GraphicImpulse

member

Activity: 66

Merit: 10

Anyone actually test this? Going from the site if you send 2.5 worth you would get about ~3.5 btc back...96 hrs

legendster

hero member

Activity: 1778

Merit: 764

www.V.systems

Quote from: StargateUbisoftSparkle on April 22, 2013, 07:41:46 PM

Simple rule. If it's easy to get money, it's a scam.

Wrong rule.

Rule breaker = Buy a 6990, Mine Bitcoins, Get money. Easy enough ^_^

StargateUbisoftSparkle

newbie

Activity: 7

Merit: 0

Simple rule. If it's easy to get money, it's a scam.

bcpokey

hero member

Activity: 602

Merit: 500

Well, I can't believe it's anything but BS, which is too bad.

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: MININGUNITED.COM
Created on: 15-Apr-13
Expires on: 15-Apr-14
Last Updated on: 15-Apr-13

Registrant:
Domains By Proxy, LLC
DomainsByProxy.com

Created on the 15th of april, with only one year of registration (minimum possible), through a proxy registrant. Payout is ~30% in 3 days, with no limits. No real clear explanation of how any of this would be possible.

AskMiners.com

newbie

Activity: 29

Merit: 0

Looks like a pyramid scheme to me...

bcpokey

hero member

Activity: 602

Merit: 500

Did the OP ever get a payout?

legendster

hero member

Activity: 1778

Merit: 764

www.V.systems

Quote from: dennis97519 on April 20, 2013, 01:00:02 AM

Quote from: HeRetiK on April 18, 2013, 04:44:35 PM

Quote from: nomabitva on April 18, 2013, 04:32:54 PM

Let us know how it works out. It could be a pyramid scheme.

How many Mhps do you think he is getting?

Quote

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html

all SSD'S ARE HDD'S not the other way around.
I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

...why the hell would you put a 1TB SSD into a mining rig O.o

and barracuda is not SSD. It's HDD.

dennis97519

jr. member

Activity: 58

Merit: 1

Quote from: HeRetiK on April 18, 2013, 04:44:35 PM

Quote from: nomabitva on April 18, 2013, 04:32:54 PM

Let us know how it works out. It could be a pyramid scheme.

How many Mhps do you think he is getting?

Quote

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html

I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

...why the hell would you put a 1TB SSD into a mining rig O.o

and barracuda is not SSD. It's HDD.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

For 500 MH/s he pays 0.011 BTC in 72 hrs. According to http://www.bitcoinx.com/profit/ 500 MH/s would generate 0.084 BTC in that amount of time. So he keeps 87% and has your 0.02 capital for 3 days. He must buy more hardware with the capital and it acts like a loan for him, where he borrows 0.02 for 3 days and pays 0.011 (55%) interest?

It's interesting that the % payback decreases as you "invest" more BTC.

zeryl

newbie

Activity: 14

Merit: 0

I don't see how taking in bitcoins is going to get you more in return, unless he's really turning them around, getting new hardware, and paying out at some point. Doesn't seem like a wise investment. Keep your bitcoins, and sell em yourself at some point. There's been enough fluctuation in the market for you to get a good return on your own (in my not so educated opinion)

Oldie

newbie

Activity: 52

Merit: 0