Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free? - page 32.

HeRetiK

legendary

Activity: 3038

Merit: 2166

Playgram - The Telegram Casino

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

Doomsby

newbie

Activity: 31

Merit: 0

I will crunch some rough numbers.

7950x10: 500-600/ea = 5-6 GH/s
7970x10: 600-700/ea = 6-7 GH/s

So something like ~11-13 GH/s

Calc says it is $56-66/day

That is, if he even has those kind of specs Roll Eyes

nomabitva

newbie

Activity: 12

Merit: 0

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.

Doomsby

newbie

Activity: 31

Merit: 0

Would there be a way to report something like this? Or at least flag it?

HeRetiK

legendary

Activity: 3038

Merit: 2166

Playgram - The Telegram Casino

according to this thread the "payouts" don't appear on the blockchain, so most probably a scam:

http://www.reddit.com/r/BitcoinMining/comments/1ci7ur/is_mining_worth_starting_this_late_in_the_game/c9gqn7i

Signus

newbie

Activity: 28

Merit: 0

What exactly does a .02BTC order do for you?

Would it scale the same, and turn your .02 into 0.0274? If so, let me know. And let me know what the timeframe is like.

Doomsby

newbie

Activity: 31

Merit: 0

I saw a few posts on Reddit about miningunited.com and that it was legit but I do not see how it is possible, he would be better off just mining? Does anyone else think this seems really fishy? I put a BTC.02 order in to see how it would go.

EDIT 5/16/13: miningunited.com is now CLOSED. Emailing them returns an instant auto-reply email that says:

Attention,

MU has had to urgently discontinue it's services after a series of
attacks on our system. Also, new United States regulations prevent us
from continuing our services. In order to comply with new FiCEN /
Homeland Security regulations, MU has been shut down.

MU is not the only service that has been impacted by the new federal
regulations:

http://www.SatoshiDice.com
http://www.MtGox.com
http://www.Dwolla.com
(Among others)

More information:
http://fr.reddit.com/r/Bitcoin/comments/1efmzy/satoshidice_announcement/
https://mtgox.com/press_release_20130515.html
https://www.google.com/search?hl=en&gl=us&tbm=nws&q=bitcoin+regulation&oq=bitcoin+regulation

WARNING: The website http://www.BTCcheap.com is NOT related to MU in
anyway. ANY U.S based users using this Vietnamese website is subject
to all regulations in your jurisdiction. It may be AGAINST THE LAW if
you are located in the United States, even if you USE BITCOIN ONLY.

A 100% BitCoin refund is being sent back to all users. U.S based users
may take longer to receive a BitCoin refund. If your wallet was not
compatible with our service you will NOT RECEIVE A REFUND.

This is an automated response. You cannot reply to this message.
-----

As stated in terms & user agreement at the time of active service:

We (Mining United) have the right to shutdown our services at any time
with no refund to any current transactions.

Mining United will not be liable to you (whether under the law of
contact, the law of torts or otherwise) in relation to the contents
of, or use of, or otherwise in connection with this website: 1) For
any indirect, special or consequential loss; or 2) For any business
losses, loss of revenue, income, profits or anticipated savings, loss
of contracts or business relationships, loss of reputation or
goodwill, or loss or corruption of information or data. These
limitations of liability apply even if Mining United has been
expressly advised of the potential loss. Mining United and all related
individuals are not responsible for the loss of BitCoins related to
the use of this Website and services provided.

NO NATIONAL CURRENCY ($USD OR OTHER) WAS EVER EXCHANGED OR IS OWED TO ANY PARTY.

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