i had read some were they had an agreement with spoondolies for hardware.
Where did you read that?
Topic: PBmining - legit? - page 9. (Read 67932 times)
Where did you read that?
So got my payout this week even with the diff change it went up. So how the calculate is prob from mining i had read some were they had an agreement with spoondolies for hardware. Also i know they have not allowed hash rate purchases in the past because they ran out.
I skimmed the thread and looked at the website. I'm suspicious as their price is very low and there is no evidence that they are actually mining. Possibly a very professional ponzi.
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
I think a lot of people know that they are doing a ponzi, but they risk it and you can obviously make a profit out of it. It is at the expense of some who buy late relatively to the time the ponzi scheme will get to an end.
The prices are too low, and this is why it is not possbible (when you compare the prices to the prices of all other suppliers (Gawminers, Genesis-Mining.com ...)
Price too low ?
I take your example (except Genesis-mining because it's alt coins scrypt based where you buy MH/s not GH/s) :
- Gawminer :
S3 Bitmain Antminer 478 gh/s Hosted : $ 449.95 = ~ 0.75 BTC
- PBmining :
478 GH/s @ 0.0029 = ~ 1.38 BTC
Well...isn't much supa low...
Very few of the S3s run 478... 440GHs is the revised spec from Bitmain.
I skimmed the thread and looked at the website. I'm suspicious as their price is very low and there is no evidence that they are actually mining. Possibly a very professional ponzi.
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
I think a lot of people know that they are doing a ponzi, but they risk it and you can obviously make a profit out of it. It is at the expense of some who buy late relatively to the time the ponzi scheme will get to an end.
The prices are too low, and this is why it is not possbible (when you compare the prices to the prices of all other suppliers (Gawminers, Genesis-Mining.com ...)
Price too low ?
I take your example (except Genesis-mining because it's alt coins scrypt based where you buy MH/s not GH/s) :
- Gawminer :
S3 Bitmain Antminer 478 gh/s Hosted : $ 449.95 = ~ 0.75 BTC
- PBmining :
478 GH/s @ 0.0029 = ~ 1.38 BTC
Well...isn't much supa low...
Is there any proof of that they are mining at all?
No proof at all
but some people said they already get profit from this site
they don't show the ASIC miner
they don't tell us which pool they join / pool they create
they don't tell us what blocks are they mined
is there anyone can find PBMining blocks at here : https://blockchain.info/blocks
some people think this just a ponzi
I'm already buy 11 GHs here
anyway, if i get profit. i don't care they ponzi / not
I skimmed the thread and looked at the website. I'm suspicious as their price is very low and there is no evidence that they are actually mining. Possibly a very professional ponzi.
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).
I think a lot of people know that they are doing a ponzi, but they risk it and you can obviously make a profit out of it. It is at the expense of some who buy late relatively to the time the ponzi scheme will get to an end.
The prices are too low, and this is why it is not possbible (when you compare the prices to the prices of all other suppliers (Gawminers, Genesis-Mining.com ...)
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Is there any proof of that they are mining at all?
Now there are no proof. They aren't giving a pic of their miners, not going the pool they mine(if they're) and I couldn't see a block if they are using their own pool. So I came to a conclusion : "It is definitely a ponzi scheme"
Kindly,
MZ
Sigh. No. "It is possibly a ponzi scheme" would be a correct statement.
"Definitely" requires that there's no possibility of it being legitimate, and also that there's no possibility that it's some OTHER type of scheme. Both of which are also possible.
some Contracts have ROI'd for me and that's all I care about; but feel free to invest your money in the manner you wish. I'm only saying that it's still not a clear cut conclusion.
Done!
Now there are no proof. They aren't giving a pic of their miners, not going the pool they mine(if they're) and I couldn't see a block if they are using their own pool. So I came to a conclusion : "It is definitely a ponzi scheme"
Yeah ROI is there but still Ponzi schemes are little dangerous and risky. Because in Ponzi schemes, they pay to members from the money they get from new members' investment and from their business. What if their business fail? How can we get out money? That's why I told it is a little dangerous and risky.
Kindly,
MZ
What was the explanation for running payouts through a mixer? Wow that does seem really shady. I can't see any legit reason why they would so that. The problem is you have people who aren't smart enough and all they care about Is trying to get in on the big thing at the moment just like they are doing with GHash.
I think it is as it is paying every Sunday without much delay. 
Kindly,
MZ
that's why i think they don't do real miningKindly,
MZ
have you ever see their amount of payment? exact amount of bitcoin with calculation from bitcoin mining calculator
Exactly and if you read through pbminings postings, he gives advice on how to use Excel to calculate ROI. All he has to do is calculate how much they paid at what date and then apply the payout over time which is less and less every week. The price of a ghs through them will never pay off, all he has to do is claim because of the rise in difficulty.
No pics of miners, no audits, no transparency, and they run payouts through a mixer. Legit my foot...
Anyone heard from group bitcoin not answering phone nearly three weeks, where are they?.
Is there any proof of that they are mining at all?
Now there are no proof. They aren't giving a pic of their miners, not going the pool they mine(if they're) and I couldn't see a block if they are using their own pool. So I came to a conclusion : "It is definitely a ponzi scheme"
Kindly,
MZ
Sigh. No. "It is possibly a ponzi scheme" would be a correct statement.
"Definitely" requires that there's no possibility of it being legitimate, and also that there's no possibility that it's some OTHER type of scheme. Both of which are also possible.
some Contracts have ROI'd for me and that's all I care about; but feel free to invest your money in the manner you wish. I'm only saying that it's still not a clear cut conclusion.
Is there any proof of that they are mining at all?
Now there are no proof. They aren't giving a pic of their miners, not going the pool they mine(if they're) and I couldn't see a block if they are using their own pool. So I came to a conclusion : "It is definitely a ponzi scheme"
Kindly,
MZ
Okay.
I think I'm not getting in then since this have been running already kind of long time so changes are I might not make profit anymore.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Is there any proof of that they are mining at all?
Now there are no proof. They aren't giving a pic of their miners, not going the pool they mine(if they're) and I couldn't see a block if they are using their own pool.
Kindly,
MZ
Is there any proof of that they are mining at all?
I've been told that the fastest way to get a scam shutdown is not so much going to the authorities, but to tell the tax man It's likely if they are scamming / acting like a ponzi and they're converting BTC into fiat, they probably aren't paying taxes. We all know, the tax man is going to get his due, no matter what.
All I know is that they're in canada. But if someone has doxxed them, here's the link to report them to ye olde tax man in ye olde canada.
https://apps.cra-arc.gc.ca/ebci/bscs/l3adz/internet/initial.do?target=login&lang=en&program=qa
It's likely if they are scamming / acting like a ponzi and they're converting BTC into fiat, they probably aren't paying taxes. We all know, the tax man is going to get his due, no matter what. All I know is that they're in canada. But if someone has doxxed them, here's the link to report them to ye olde tax man in ye olde canada.
https://apps.cra-arc.gc.ca/ebci/bscs/l3adz/internet/initial.do?target=login&lang=en&program=qa
Anyone notice they don't take canadian customers any longer....
Seriously though, it is the Canadian government that is trying to prevent Canadian bitcoin mining. I've been told that the fastest way to get a scam shutdown is not so much going to the authorities, but to tell the tax man It's likely if they are scamming / acting like a ponzi and they're converting BTC into fiat, they probably aren't paying taxes. We all know, the tax man is going to get his due, no matter what.
All I know is that they're in canada. But if someone has doxxed them, here's the link to report them to ye olde tax man in ye olde canada.
https://apps.cra-arc.gc.ca/ebci/bscs/l3adz/internet/initial.do?target=login&lang=en&program=qa
It's likely if they are scamming / acting like a ponzi and they're converting BTC into fiat, they probably aren't paying taxes. We all know, the tax man is going to get his due, no matter what. All I know is that they're in canada. But if someone has doxxed them, here's the link to report them to ye olde tax man in ye olde canada.
https://apps.cra-arc.gc.ca/ebci/bscs/l3adz/internet/initial.do?target=login&lang=en&program=qa
Anyone notice they don't take canadian customers any longer....
pbmining looks solid, the global stats make me drool, that guy with 30TH is on for $500 aday, you could just keep toping up your gh with your earned coins as well as spend it,awsome site....
I havent asked for many details. But one of them has had problems since the day he started with them i march, and the second one has had some minor issues with payouts. Payout has differed 1 day a few times, so not so reliable as i would need them to be.
If PB is legit, then they should at-least have a block mined but I couldn't see one. Is there any way to cancel my mining contract in PB? I just want my invested BTC back.
Kindly,
MZ
Kindly,
MZ
I think its like buying a car once you sign the papers your stuck with it.
ALso currenthly they state they are mining a pool i know they don't list what pool or pools they have their peta hash pointed at.
The ROI is close to 7-9 months right? Most ponzi that admit their ponzis (hyips) would only take 2-3 months to get ROI that's why they last for less than a year. PBMining's payout per GH decreases each time. Ponzis usually have a fixed % which is why they fail so quickly. If it is a ponzi, it is the most popular one out there. Word spreads, more people invest and as long as this keeps up, the risk of them shutting down is one of the lowest (if not the lowest) of ponzis out there.
PBMining can easily decrease their payout according to the profitability. Less payout means more profit for them. I don't think that is a good statement to proove PB isn't a ponzi scheme.
Kindly,
MZ
You misunderstood what I said. That's exactly why I think PBMining is ponzi that won't shutdown anytime soon, because their payout can be lowered. They can easily getaway with an explanation using the "difficulty to mine increasing".
so do you think Script.cc or CEX.io or any of the other cloud based mining operations are pozis also? Because if your issue is they don't have pictures of their miners they could find pics of any miner and Photoshop a little and we wouldn't know any better.
But we aren't sure really their breakout the percentage of their hash rate that is rented equipment versus miners pointing their hardware to it do we they don't really publish that they could be using fees and other things to cover it till the close and run. We take some blind faith that CEX.io is actually still doing what they did in the past. But then also what is thier to stop them from just stop doing payouts and keeping all the money.
But hey we are talking about BTC it is the scammers currency.
Im not to sure about PBm.. Many things are not as they should be, according to 2 of my friends that have contracts with them
What are these things that are not as they should be? you gotta do more than just say that.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
If PB is legit, then they should at-least have a block mined but I couldn't see one. Is there any way to cancel my mining contract in PB? I just want my invested BTC back.
Kindly,
MZ
Kindly,
MZ
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