Topic: Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free? - page 5. (Read 28717 times)

Blueblade, you're full of crap.

You can see here that you send 0.25 BTC and here you can see that you recieve 0.2811 BTC.

Again, you send 0.25 BTC as shown here and then send another 0.05 as shown here. You then recieve 0.25 BTC as shown here.

They're the only transfers to and from your address, 1PSnLUwMqAa6qXb9XkMcFekAsntJbHwNNx (excluding that final 1 BTC). That would mean you never received a return for that 0.05 payment and the last payment you received was the same amount as what you sent.

So why would you receive 1 BTC when you were only owed 0.05? Yet you clearly was sent 1 BTC, which only makes sense if you were complicit in the scam. Now, if we look at your posting history, your first post here was to promote MiningUnited as shown here.

It's my opinion that you are the scammer who was running the site.

The same [email protected] ?

Well it is the weekend (not that people stop working on the weekend, but less stuff seems to get done), but I would like to at least see an update on their website this week.  Also I don't think I ever said that it couldn't possibly be a scam, but I did keep an open mind and have BTC3 lost or in-limbo (depending on your point of view) at the moment.  Also it would be nice to have a formal announcement on here from the user "miningunited", which we know actually ran the site (maybe it's been posted and I missed it).  I guess I actually feel a bit hurt more than scammed, since I had previous positive conversations over GMail with MU and was in the process of tracking down the owners of BTCCheap when this all went down.

It's far from the end of the world, but I could have been paid $300 USD for the work I did but decided to go ahead and take the offer of BTC3 and invest it back into the Bitcoin community, so even that in itself was a risky move.  This is why you should always listen to Squidbillies!

Well, bad call Bitpop.

https://blockchain.info/tx/984bb64fe1046e3675b11d41091c26d6d7109e9e5303d1ce1e42e76a420a9145

There it is. Do you need me to repost the email, or you think you can look it up for yourself? It's a couple of pages ago.

I call bs

I got it before the hack. He sent me an email saying they were being hacked and sent 1 btc as an emergency refund.

I don't think so. Not me anyway. How did you get a partial refund again?

Has anyone besides me gotten a refund yet?

absolutely burtw... fair comment

I feel bad for those that invested before they read this thread.  I don't feel so bad for those that invested after reading this thread.  I feel really bad for those that defended the ponzi in this thread - as I know from personal experience what that is like.

yes burt your posts have been consistant and informative, but unfortunately not all to your standards and many resoundingly "I told you so" just being repeated for the sake of it.. i for one waded in and after 10 min realised i had not done due diligence..it was then i discovered this forum. Most folk if like me will have only discovered your valueable insights after the fact so please realise it is condescending and insulting to assume people ignored advice genuinely offered on the forum. It is fundamentally a misunderstanding of the typical usage pattern of a forum with ref to the issue itself and perhaps an apology to the users that did not follow your implied sequence of events might be in order.

A mod told me that they are some kind of bots. Like a few pages back. The mod said you should report them.

Post #526 in this thread:

Post #2 from this thread:

Signus == laterill == sock puppets?

It is not like you were not warned, post #3 in this thread:

And my first two posts.  I was a bit late to the party but I did try to help as many people as I could learn from my past mistakes:
https://bitcointalksearch.org/topic/is-miningunitedcom-a-scam-turning-1-bitcoins-into-137-for-almost-free-179917
https://bitcointalksearch.org/topic/m.2037808

This is not "I told you so" it is "Many, many people told you so - many times"

honestly the "i told you so mob on here are insufferable"  specially bitpop whatever his name is...contribute in a way that benefits or assists those scammed or dont bother at all...there is not one of you "know it all's" that hasnt been scammed in your lives(or your a liar) at some stage over some deal or another... so give it a rest...my tuppenceworth is mining united had more than one login here on this forum touting his plausability...read between the lines boys.. and someone ...will catch up with him..

This is the definition of a Ponzi scheme. Nothing more, nothing less. How do people keep falling for this shit?

http://en.wikipedia.org/wiki/Ponzi_scheme

 True, true and true

MU is not mining service... MU is big scammer and every deposit from ppl they use for gambling  

and now btccheap is dissapear hohohoho...

just for lessons dont trust any site that use mining service or whatever like MU, it will be SCAM ponzi scheme

I like to think I'm smarter than that... but I fell for it too, to the tune of 0.55 BTC.  Not much, but painful because it represented all the BTC I'd earned and a few I'd bought.

In retrospect it should have been obvious--the protestations to say it was a scam so they could prove it wasn't, the warnings about how all those gambling sites will rob you blind (projection?) even while the website author apparently had a Satoshi Dice habit all along, and finally those dubious terms of service which basically translate to say "We can (and will) cut and run at any time."

The guy clearly knew what he was doing, though, because unlike a lot of scam websites, he actually worked hard to make this one look and act legit--everything from posting the percentage of the server taken up, to not allowing new customers for hours at a time, to answering emails in a way that was reassuring, having a strong presence on forums such as this one...

Ultimately, the reason I fell for it has to do with a unique feature of Bitcoin--the fact that it is mined into circulation.  If someone had told me "Send me $25 and I'll send you back $30," I would have said "Yeah, right!" and moved on.  But with the Bitcoin mining process, it at least sounded plausible.  However, as people have pointed out earlier on this thread, the mining math absolutely did not work out, and that was the part I failed to understand.  They say the lottery is a tax on people who can't do math; I guess Mining United turned out to be a tax on those of us who don't have a thorough grasp on how Bitcoin mining actually works--only we're not going to be seeing beautiful parks and recreation areas anytime soon.

In any case, painful, but valuable lesson.  Here is what I learned.

1.  Be sure to have a thorough understanding of every step of the process before putting any money into it.  In other words, take the time to do your homework first.

2.  Don't be so eager to "get in on the ground floor."  I actually did receive one payout, but as someone else also pointed out, getting a pay out does not prove something is not a scam.  It could just mean you got in before it all fell apart, or that you're being enticed to put more in that won't come back.

3.  Don't try some radical new investment right after having a baby!  Those hormones really do affect your brain.  Now I knew better than that, and still did it anyway.  Yes, he will be three weeks old on Tuesday :-)

4.  Never believe you're too intelligent to be taken in.  It happens to the best of us from time to time.

I'm not going to beat myself up.  I know the Bitcoin I lost can be replaced.  Hopefully I will be wiser next time...  I am sorry for all of you who mentioned losing much more than I did.  Hopefully the experience won't be wasted on you either.

I love the idea of an Angie's List for legitimate Bitcoin opportunities.  I would actually like to find some solid and legitimate ways to invest Bitcoins I do earn so that my account can grow.  It would be cool if there was a way to buy a few stocks in some of those new and promising Bitcoin ventures.

And I still think Bitcoin is a wonderful concept...

+1.

I wish I could get the 50BTC bounty though. I did get your BTC back before you sent it--you just failed to listen 

~$9000 loss, ouch
I tried my best to warn people about this.

Maybe you should open a bounty thread...