There is a way to run something like this without doing any mining or being a Ponzi scheme. If mining would have been at a loss, simply run the buyers' coins through a mixer and pay them back as if they were mining with the proceeds-- expecting that the pay returned over time would be lower than the investment. Keep the difference.
If mining would have returned a profit for the customers-- Run it like a Ponzi, go under, 'discover' you were hacked, etc. Keep what is left.
Topic: [Poll] - Is pbmining legit? (Read 1334 times)
In the beginning of a Ponzi scheme, everybody gets paid! 
It's when those payments stop, that everyone starts questioning once it's too late.
It's when those payments stop, that everyone starts questioning once it's too late.
Till now they are paying to their customers. But time only tell they are legit or scam.
agreed, let the time answer your question.
more debate here : https://bitcointalksearch.org/topic/pbmining-legit-484355
Till now they are paying to their customers. But time only tell they are legit or scam.
a company with that size without a office or any Datacenter Pictures. I mean i you are running such a big DC aren't you a bit proud of it and brag with that?
Not if you are smart about it.Keep in mind that 300TH are worth ~0,7M USD, so if it was me, i wouldn´t tell anyone anything....
Unless you are prepared to invest in an army of security personnal.
Also, I am not saying that they would be in breach of any contract, but many hardware manufacturers forbid the resale etc. of the equipment, atleast on a commercial level.
For what its worth, they have a very reputable ebay account.
True but that doesn't excuse them from taking pictures/videos. Or explain why they would be mixing coins.
Got a link to their ebay account?
Ebay Account: http://ebay.com/usr/pbmining
a company with that size without a office or any Datacenter Pictures. I mean i you are running such a big DC aren't you a bit proud of it and brag with that?
Not if you are smart about it.Keep in mind that 300TH are worth ~0,7M USD, so if it was me, i wouldn´t tell anyone anything....
Unless you are prepared to invest in an army of security personnal.
Also, I am not saying that they would be in breach of any contract, but many hardware manufacturers forbid the resale etc. of the equipment, atleast on a commercial level.
For what its worth, they have a very reputable ebay account.
True but that doesn't excuse them from taking pictures/videos. Or explain why they would be mixing coins.
Got a link to their ebay account?
a company with that size without a office or any Datacenter Pictures. I mean i you are running such a big DC aren't you a bit proud of it and brag with that?
Not if you are smart about it.Keep in mind that 300TH are worth ~0,7M USD, so if it was me, i wouldn´t tell anyone anything....
Unless you are prepared to invest in an army of security personnal.
Also, I am not saying that they would be in breach of any contract, but many hardware manufacturers forbid the resale etc. of the equipment, atleast on a commercial level.
For what its worth, they have a very reputable ebay account.
a company with that size without a office or any Datacenter Pictures. I mean i you are running such a big DC aren't you a bit proud of it and brag with that?
The main problem with pbmining is that they have not provided contact details or office address
I believe you should invest only if you have time to get your money back very slowly and possibly not ROI. I got a free 20ghs there so I can't complain but I also will not invest my money in something that won't ROI.
I've been with them for over a month and always been paid out on time and they have answered several customer support issues for me quickly, including updating an item on the Web site that I requested. This certainly doesn't prove they aren't a ponzi but I'm willing to risk it so far. I even recommend them in my signature.
Other than being a customer and the 10% I earn for being an affiliate I'm not in any way connected to them. I haven't done a lot of research to check them out, though I did read somewhere that they were a Canadian registered company. I, of course, don't know if what I read was accurate either. You might try emailing them instead of asking here. They may be able to supply something that will make you feel better.
Other than being a customer and the 10% I earn for being an affiliate I'm not in any way connected to them. I haven't done a lot of research to check them out, though I did read somewhere that they were a Canadian registered company. I, of course, don't know if what I read was accurate either. You might try emailing them instead of asking here. They may be able to supply something that will make you feel better.
I was thinking they are legit and they only want to steal customers from cex.io but after reading the other thread now I voted for questionable!
This thread created because https://bitcointalksearch.org/topic/pbmining-legit-484355 is lacking a poll.
As far as I can tell pbmining has provided no photo/video evidence of their massively scaling 300TH farm.
They also run their coins through a mixer which can only be a bad sign.
They seem to be paying out regularly but this would be entirely possible if they were a ponzi.
As far as I can tell pbmining has provided no photo/video evidence of their massively scaling 300TH farm.
They also run their coins through a mixer which can only be a bad sign.
They seem to be paying out regularly but this would be entirely possible if they were a ponzi.
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