Legitimately charging more than you will ever make, same as the rest...
Topic: PBmining - legit? - page 16. (Read 67922 times)
How about newnoteminers cloud mining? is it legit?
Well I have a few days off and I'm in the same province as their head office. Maybe I'll send them an email and see if they'd be alright with me coming in, and meeting the PBMining staff one of these days.
It shouldn't be too much of a hassle, seeing as this is their main office, and they supposedly run all their miners in a different province at an undisclosed location. Hopefully they'll be fine with somebody coming in and meeting the crew, maybe discussing bitcoin for awhile too.
EDIT: I sent them an email and asked if I could meet with them at their offices and talk about both their service, as well as bitcoin in general. They denied saying they want to stay anonymous and instead would happily answer my questions over email instead.
Seems a little bit fishy to me...
It shouldn't be too much of a hassle, seeing as this is their main office, and they supposedly run all their miners in a different province at an undisclosed location. Hopefully they'll be fine with somebody coming in and meeting the crew, maybe discussing bitcoin for awhile too.
EDIT: I sent them an email and asked if I could meet with them at their offices and talk about both their service, as well as bitcoin in general. They denied saying they want to stay anonymous and instead would happily answer my questions over email instead.
Seems a little bit fishy to me...
Something just doesn't seem right to me here... I purchased 2Th+ from PBMining just recently, and the balance seems to update every second (I've refreshed the screen multiple times within a few secs), so that must mean we're getting paid in a PPS system. How can that possibly be, specially at this recent diff jump where no one is really solving many blocks (average block time 10.1 minutes). This makes me wonder hard about if this really is a Ponzi scheme. I really pray that I'm wrong, because I've already poured more than a couple of grand into PBmining, and I really want to get rid of my mining gear at home.
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
You should read the pbmining thread... it reads like a mt.gox novel. He's got all sorts of claims about keylogging on refereal links, stolen passwords, hacked accounts, all sorts of things going on there. In short, he won't disclose what mining equipment they use, but alludes to they buy hashing power from someone else and resell it. In short, he says do your own research when it comes to making an profit and creating a spreadsheet. There's a subtle wink-wink-nudge-nudge to it all.
PBmining has this odd cult-like following of clientele here who tout that because they pay, they are legit. Heck, mt.gox processed a withdrawl once in a blue moon and look how legit they were.
Just read all his posts, after a few pages, you're going to start panicking.
https://bitcointalksearch.org/user/pbmining-195208
Something just doesn't seem right to me here... I purchased 2Th+ from PBMining just recently, and the balance seems to update every second (I've refreshed the screen multiple times within a few secs), so that must mean we're getting paid in a PPS system. How can that possibly be, specially at this recent diff jump where no one is really solving many blocks (average block time 10.1 minutes). This makes me wonder hard about if this really is a Ponzi scheme. I really pray that I'm wrong, because I've already poured more than a couple of grand into PBmining, and I really want to get rid of my mining gear at home.
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
I could also mean that it isn't real. It is just a program updating values.
Something just doesn't seem right to me here... I purchased 2Th+ from PBMining just recently, and the balance seems to update every second (I've refreshed the screen multiple times within a few secs), so that must mean we're getting paid in a PPS system. How can that possibly be, specially at this recent diff jump where no one is really solving many blocks (average block time 10.1 minutes). This makes me wonder hard about if this really is a Ponzi scheme. I really pray that I'm wrong, because I've already poured more than a couple of grand into PBmining, and I really want to get rid of my mining gear at home.
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
PBMining, could you please tell us exactly what rate we are getting in the PPS system? You should have that displayed somewhere on the site (sorry if it already is and I haven't run across it).
If you check their stats page https://pbmining.com/stats.html?sort=9 you can see how many people have joined recently ie, those with 0 payout since last Sunday. They still seem to be popular. A few really big spenders as well.
It is crazy! However the rate isn't as cheap as it was, maybe they are trying to make themselves look more legit. However some of the newer hardware is now cheaper. (Antminer S3)
If you check their stats page https://pbmining.com/stats.html?sort=9 you can see how many people have joined recently ie, those with 0 payout since last Sunday. They still seem to be popular. A few really big spenders as well.
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
Why would police understand bitcoin mining?
Using a keyloger and stealing passwords, accesing email accounts and use this data to steal (even bitcoins) is a cyber crime. Law enforcements take this extremely serious.
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
Seemed like marketing to me, very fake.
They also quickly changed the subject on their thread when I mentioned the fact 5 years electricity ALONE for 1GH/s is over $2 in one of the cheapest areas in the world with hardware efficiency that isn't out yet.
They charge $2....
Has no one else worked that out ?
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
Why would police understand bitcoin mining?
Using a keyloger and stealing passwords, accesing email accounts and use this data to steal (even bitcoins) is a cyber crime. Law enforcements take this extremely serious.
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
Why would police understand bitcoin mining?
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
And you've seen the police report? Sounds like more bullshit from con artists to me
PBMining discovered a user that was using a keylogger to steal his refferals accounts. They frozen his account and said they will gladly give the informations about the hacker to law enforcements. If they would run a ponzi wouldn't they expose themselves and make them so easy to find after they decide tu pull the plug?
No one can prove otherwise. Why do you think there's 24 pages (and growing) of talks back and forth?! Everyone who says it's a ponzi is wrong until right, everyone who says it isn't is right until wrong. Page 25 soon...
Lookin forward for the page 100...
No one can prove otherwise. Why do you think there's 24 pages (and growing) of talks back and forth?! Everyone who says it's a ponzi is wrong until right, everyone who says it isn't is right until wrong. Page 25 soon...
Something seems shady about them. A ponzi? Who can prove otherwise?
Whatever man. Antminers are 350 watts for like 180gh. And a SP30 is going to be 6th for 2600 watts. Sort of a huge difference there. The difficulty makes it so that the guy earning .0000001 every week can be pooled together with thousands of other old contracts and put on a single miner that is modern and earning more than they need.
What you don't understand is they can't afford to buy SP30s, unless they're using new customers funds to buy mining equipment for old customers. Their continued operation requires new customers, or they will fail. That's a ponzi.
Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh that's so nice to hear thanks !
Why can't anyone understand that. You can't sell S1's to buy future hardware as a business model it's impossible. IT GOES DOWN IN VALUE.
Whatever man. Antminers are 350 watts for like 180gh. And a SP30 is going to be 6th for 2600 watts. Sort of a huge difference there. The difficulty makes it so that the guy earning .0000001 every week can be pooled together with thousands of other old contracts and put on a single miner that is modern and earning more than they need.
What you don't understand is they can't afford to buy SP30s, unless they're using new customers funds to buy mining equipment for old customers. Their continued operation requires new customers, or they will fail. That's a ponzi.
The answer is always yes, they are making money or else they wouldn't be offering the service. The only question that matters is if they're legit.
Early adopters can benefit from a ponzi but you're putting yourself and the entire community at a huge risk of loss. Not just money but a loss of trust by potential adopters.
At some point people have to stop investing in companies that have no transparency. If there's no proof PB is mining, they're not mining.
hmmmm, as long as they still paying
just play this game
anyway, always "afford what u can lose"
just play this game
anyway, always "afford what u can lose"
Early adopters can benefit from a ponzi but you're putting yourself and the entire community at a huge risk of loss. Not just money but a loss of trust by potential adopters.
At some point people have to stop investing in companies that have no transparency. If there's no proof PB is mining, they're not mining.
Jump to: