Topic: Recovery program beginning in January for PB Mining customers. - page 37. (Read 143950 times)

go to amhash.com, and you will see how to transfer your gh!!!

I would say to RUN NOW while you can.
Good luck!

My hashnest account seems to be doing fine though.

But soon I think it'll be best to sell the GHS and get out with a profit while I still can.

They hedge using shorting instruments that pay if the difficulty goes up.

Weird how people with actual miners hope the difficulty will go down so they get more coins but all these cloud mining groups seem to fall apart when the difficulty goes down.

Wonder why that's the case.

I agree

the moment hash power declined he was toast.

he might be good with applied math, 

but not that bright,  my god,  the internet knows him and is intermediate family

not to mention the police.

I've been closely watching the BTC market since the beginning of this year ... After I'd done the research I was going to buy a TM iv from CT, but because of the crappy way they choose to do business coupled with all the other manufacturers dumping Peta hash after Peta hash into the market the difficulty rate skyrocketed into stupidity.

In Feb 2014 a 2.0 Th/s BTC miner was looking at $75-90,000 income, ROI in a few weeks

After Mt Gox went belly up, the arse really dropped out of the market and BTC/USD fell constantly to the pitiful levels we see today ... Yes people will say the price was over inflated and is now at it's correct level ... Maybe that is true, but the trigger that saw the start of the fall was Mt Gox.

Today it would be pointless to even turn on that same 2.0 Th/s miner because the cost of electricity to run it is more than it makes each day, week, month.
In fact even if you were lucky enough to get a "good" miner out of CT, you did your dough, it will never make back the money you spent on it.

That is why all cloud miners as far as I can see over sell their available hash power ... There is no way they could mine enough to cover all their costs and make a profit from it unless they over sell ... Does that make them a ponzi scheme ? Well, yes and no ... As far as I can see they are all at it, what it relies on is the company maintaining it's reputation and attractiveness to customers so they continually support it.

What it looks like has happened with PBM is that a number of people goxed the crap out of every man and his dog and because of that, the reputation of the company was lost completely, so no more money coming in to maintain the scheme.

It is now obvious that Boyko was rampantly overselling whatever actual amount of hash power that was available ... perhaps as much as 100 times oversold and that is why PBM failed.

Had Boyko taken a more conservative approach and invested in more hash power as funds provided then PBM may have still been operating today.

I can only speculate as to his motivation, but I'd suggest he became blinded by the numbers and couldn't help himself ... basically, stupid boy !

Well, what we have in this bitcoin business is inverse correlation

between the price of product and the amount of resources being

put into production. The obvious result of this very dysfunctional

behavior of producers is that borrowing product to dump on the

market and then cover later at lower prices becomes constantly a

100% sure thing. So, the production seems to be a scam of some

sort, a ponzi scheme if you will. Best of luck, g
---------------------------------------------------------------------------------------------

You have a very short term view,  correct as it may seem.

take all the BTC that will be mined, derive the total number of satoshis

and it will be close to the aggregate of all the countries smallest monetary denominations.     ON THE PLANET.

at the end the satoshi will rule.

end might be 80 years out tho.

Well, what we have in this bitcoin business is inverse correlation

between the price of product and the amount of resources being

put into production. The obvious result of this very dysfunctional

behavior of producers is that borrowing product to dump on the

market and then cover later at lower prices becomes constantly a

100% sure thing. So, the production seems to be a scam of some

sort, a ponzi scheme if you will. Best of luck, g

If they fold and hashrate goes down great. Problem is there is no hashrate with these scams so you're just out BTC and the band keeps marching on.

My Cointerra mining accounts haven't paid out yet either

It's looking more and more like we've reached the tipping point ... the point where it's no longer profitable to mine and cloud miners are all going to fold like a house of cards in the breeze !!!
I sure hope not because that's going cost a lot of people a lot of money and further blacken the name and intention of bitcoin and crypto-currencies generally.

Hashie is down too  https://hashie.co
Let it go!

same happens with hashie....no paymant....

OT: Next Ponzi collapsed? HashProfit is down due to DDoS.....hohoho....and a happy new year

unfortunately .. source slowly is getting dry.. 

Me payment is still less than last week...for 3200ghs it was 0.0026, and the last week it was 0.0032 btc....

Confirmed...here´s the pic

I just witnessed yet another event which shows his good faith. I wish him to succeed, against fearful odds :-)
[/quote]

Really ... Do tell, what have you witnessed ?

Its sad for you guys but education seems to be starting to work and the list of idiots willing to "invest" and prop your favourite ponzis up are starting to thin out. How will you make money now without earnign it off the backs of others who get into Ponzis too late?