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Topic: Recovery program beginning in January for PB Mining customers. - page 79. (Read 143950 times)

sr. member
Activity: 434
Merit: 250
so far they have done nothing wrong

Jason Boyko initiated a fraudulent scheme in the early part of 2014.
by selling 'contracts' which were not what he said they were, is fraudulent in the first instance.

Fraud is a crime, and very wrong.


 At what point did he say he was physically mining? 



sr. member
Activity: 485
Merit: 274
so far they have done nothing wrong

Jason Boyko initiated a fraudulent scheme in the early part of 2014.
by selling 'contracts' which were not what he said they were, is fraudulent in the first instance.

Fraud is a crime, and very wrong.


Now what I don't get is that at the very beginning he stated that he was not actually mining and that rewards were calculated by some published formula and that is what you got paid.  He never said where the money came from.  You can check through my posts for more details where I have hi-lighted this before. At what point did he say he was physically mining?  I have had no problem with the lack of photos as I have always assumed there were no miners.  As for mining addresses, if he has 14Ths with one (or more) companies it would mean asking them to divulge their mining addresses.

https://bitcointalksearch.org/topic/m.7859529
newbie
Activity: 50
Merit: 0
If Bitstamp asks you guys for other deposit or withdrawal addresses let me know and I'll search through their tx. There are tons more.
sr. member
Activity: 434
Merit: 250


so far they have done nothing wrong

Jason Boyko initiated a fraudulent scheme in the early part of 2014.
by selling 'contracts' which were not what he said they were, is fraudulent in the first instance.

Fraud is a crime, and very wrong.

full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?
I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

which was purchased AFTER he received victims funds.

No argument from me that things are not right ... The business model from PB is flawed ... How seriously it was flawed is yet to be decided ... they have so far paid out ... This Sunday is highly likely to be the day they default on contract ...
 

Of course they will default on contracts, so far they have done nothing wrong as payouts are not behind. As soon as Sunday comes around, expect the forum to be inundated with a large fraction of pb's customer base wondering wtf is going on
full member
Activity: 206
Merit: 100
Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?
I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

which was purchased AFTER he received victims funds.

No argument from me that things are not right ... The business model from PB is flawed ... How seriously it was flawed is yet to be decided ... they have so far paid out ... This Sunday is highly likely to be the day they default on contract ...
 
member
Activity: 119
Merit: 10
So now what, everyone.  I have 763 ghs and am on USA social security income only.  I spent only what I could afford to lose on this, but I was hoping for more like everyone else.  So how is anything he does going to be "fair?"

Anyway, my member number is 26188 and I have 763 ghs and I, like everyone else, hope he does well by us.

Just tried to log on to get some figures.  I believe that the site has been disabled.  I enter my logon and password and it just resets itself.


Site has not been disabled, it's still accessible

Here too, site is still accessible. This, I think, is your browser making this problem.
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
So now what, everyone.  I have 763 ghs and am on USA social security income only.  I spent only what I could afford to lose on this, but I was hoping for more like everyone else.  So how is anything he does going to be "fair?"

Anyway, my member number is 26188 and I have 763 ghs and I, like everyone else, hope he does well by us.

Just tried to log on to get some figures.  I believe that the site has been disabled.  I enter my logon and password and it just resets itself.


Site has not been disabled, it's still accessible
legendary
Activity: 980
Merit: 1040
Everything looks bad at the moment.. but what I dont understand is - why not to continue selling Ghs? Why he stopped? Why keep site going? Why not hide first and make sure no one will findout your name and adress and all? Why keep 10% mining and why start any "January recovery topics"
Ponzies blow up fast and not like this.. thay alway keep selling what they were selling to grab more! He could EMULATE this payout count untill NEXT Sunday payout and Sell more contracts, but he stopped.. Why?

He thought he was anonymous until MrTeal discovered his identity last week. Thats when his plan unraveled and thats why this collapse now looks so unprepared: its because he is unprepared.
sr. member
Activity: 434
Merit: 250
1. PBMining starts this thread and whats happen, blackmailing / harassment is going on. Very nice... Undecided

2. people who are whining because of maybe lost 0.033BTC or 0.1 BTC should not invest in BTC, if 0.1 BTC is much for them!!! OMG  Angry

3. The big witch hunt started BEFORE the payouts became 1/10 of original.

And really, some people are still in RAGEMODUS, that shows, they dont have their emotions under control or they are maniac!

Why cant everybody write normal, making some fraud filings to police instead screaming like a huffy child?

Please, think about it....!


Everything looks bad at the moment.. but what I dont understand is - why not to continue selling Ghs? Why he stopped? Why keep site going? Why not hide first and make sure no one will findout your name and adress and all? Why keep 10% mining and why start any "January recovery topics"
Ponzies blow up fast and not like this.. thay alway keep selling what they were selling to grab more! He could EMULATE this payout count untill NEXT Sunday payout and Sell more contracts, but he stopped.. Why?

because his fraud is being investigated and he is too stupid to realise that there is no way out for him, thus, contriving BS stories to try and save his hide.
sr. member
Activity: 298
Merit: 250
1. PBMining starts this thread and whats happen, blackmailing / harassment is going on. Very nice... Undecided

2. people who are whining because of maybe lost 0.033BTC or 0.1 BTC should not invest in BTC, if 0.1 BTC is much for them!!! OMG  Angry

3. The big witch hunt started BEFORE the payouts became 1/10 of original.

And really, some people are still in RAGEMODUS, that shows, they dont have their emotions under control or they are maniac!

Why cant everybody write normal, making some fraud filings to police instead screaming like a huffy child?

Please, think about it....!


Everything looks bad at the moment.. but what I dont understand is - why not to continue selling Ghs? Why he stopped? Why keep site going? Why not hide first and make sure no one will findout your name and adress and all? Why keep 10% mining and why start any "January recovery topics"
Ponzies blow up fast and not like this.. thay alway keep selling what they were selling to grab more! He could EMULATE this payout count untill NEXT Sunday payout and Sell more contracts, but he stopped.. Why?
member
Activity: 119
Merit: 10
info to make fraud report below:

,did anybody notify the mounties?

yes.

http://www.antifraudcentre-centreantifraude.ca/english/reportit-howtoreportfraud.html

you can use this template:

Complaint of fraud against ‘contractual offerings’ by self-professed Bitcoin mining operation www.pbmining.com (piggyback mining) which is based in Canada.

Specifically, my complaint is against the following business entity

Name: DIGITAL MINING STORE
Address: 314 33RD STREET EAST
City/Province: SASKATOON, SK
Country/Postal Code: CANADA, S7K0S4
Sole Proprietor: JASON BOYKO

On or around the beginning of 2014, Sole Proprietor of Digital Mining Store, Jason Boyko set up www.pbmining.com as a ‘Bitcoin Cloud Mining Operation’ which purported to sell cloud contracts related to Bitcoin hardware, in return for freshly ‘mined’ Bitcoins - the process which produces Bitcoins. It has been stated that as well as having their own locally-based ‘mining farm’ they also have mining operations in Iceland.

After several months of running this scheme, which has become evident to have no Bitcoin Mining Hardware operational, the scheme is now running down, paying out only a fraction of what would be earned, had the scheme be producing freshly mined Bitcoins, as per the algorithm which is necessary to produce said Bitcoins.

Jason Boyko has used hard marketing incentives such as referral commissions of 10% and ‘giveaways’ to encourage consumers to promote the service to new customers. This is evidently, nothing more than a pyramid scheme, encouraged to consumers by Jason Boyko that it has been a legitimate mining operation. Jason Boyko continues to insist that the operation have been legitimate by addressing customers on the website forum www.bitcointalk.org.

It has become evident that www.pbmining.com is an elaborate pyramid scheme and has no real mining operations, of which it is advertised to be and I urge your department to look into this issue fully, as Jason Boyko has clearly reaped millions of dollars in earnings from the victims who have bought into this fake operation.

yours sincerely,

+1!!!!  Wink   Thanks again raskul..... Grin
sr. member
Activity: 434
Merit: 250
info to make fraud report below:

,did anybody notify the mounties?

yes.

http://www.antifraudcentre-centreantifraude.ca/english/reportit-howtoreportfraud.html

you can use this template:

Complaint of fraud against ‘contractual offerings’ by self-professed Bitcoin mining operation www.pbmining.com (piggyback mining) which is based in Canada.

Specifically, my complaint is against the following business entity

Name: DIGITAL MINING STORE
Address: 314 33RD STREET EAST
City/Province: SASKATOON, SK
Country/Postal Code: CANADA, S7K0S4
Sole Proprietor: JASON BOYKO

On or around the beginning of 2014, Sole Proprietor of Digital Mining Store, Jason Boyko set up www.pbmining.com as a ‘Bitcoin Cloud Mining Operation’ which purported to sell cloud contracts related to Bitcoin hardware, in return for freshly ‘mined’ Bitcoins - the process which produces Bitcoins. It has been stated that as well as having their own locally-based ‘mining farm’ they also have mining operations in Iceland.

After several months of running this scheme, which has become evident to have no Bitcoin Mining Hardware operational, the scheme is now running down, paying out only a fraction of what would be earned, had the scheme be producing freshly mined Bitcoins, as per the algorithm which is necessary to produce said Bitcoins.

Jason Boyko has used hard marketing incentives such as referral commissions of 10% and ‘giveaways’ to encourage consumers to promote the service to new customers. This is evidently, nothing more than a pyramid scheme, encouraged to consumers by Jason Boyko that it has been a legitimate mining operation. Jason Boyko continues to insist that the operation have been legitimate by addressing customers on the website forum www.bitcointalk.org.

It has become evident that www.pbmining.com is an elaborate pyramid scheme and has no real mining operations, of which it is advertised to be and I urge your department to look into this issue fully, as Jason Boyko has clearly reaped millions of dollars in earnings from the victims who have bought into this fake operation.

yours sincerely,
member
Activity: 119
Merit: 10
1. PBMining starts this thread and whats happen, blackmailing / harassment is going on. Very nice... Undecided

2. people who are whining because of maybe lost 0.033BTC or 0.1 BTC should not invest in BTC, if 0.1 BTC is much for them!!! OMG  Angry

3. The big witch hunt started BEFORE the payouts became 1/10 of original.

And really, some people are still in RAGEMODUS, that shows, they dont have their emotions under control or they are maniac!

Why cant everybody write normal, making some fraud filings to police instead screaming like a huffy child?

Please, think about it....!
newbie
Activity: 50
Merit: 0
Anyone had any luck in identifying which tumbler was used for funding the 1Payday addresses? This could help a lot. (Besides the exchanges used as tumblers)
sr. member
Activity: 298
Merit: 250
According to pbmining their current hash rate is 4284 TH/s which at the current difficulty of 40007470271 works out around 53.85BTC p.day.
If they are skimming and holding 90% this works out at 48.46BTC p.day they are gaining from skimming, it needs stopping, but how?

4284 TH/s is what the "total" hash rate is ... remember that is based on physical hardware owned plus additions for each time the physical hardware is sold again.
I'd suggest they own, rent, lease or have access to 400-500 TH/s and have sold that many many times over. Because, for whatever reason the pyramid (ponzi) scheme has fallen apart the only payout figures being shown are based on actual hardware and not actual plus invented cloud hardware.

I can't wait to hear the truth of this cock-up, its got to be tale rivaling the other major fails of recent times.

Yeh.. Look  at Pbminer signature
 "Signature:
Did you know?: Most of our hash power comes from other sources.  We are now specialized in the resale of cloudmining contracts through our associates!"

I think no pics of the farm are coming Sad
newbie
Activity: 50
Merit: 0
I don't know if anyone has posted this before but these are the Bitstamp and BTC-E deposit addresses where the 1Piggy funds went to:

Bitstamp: 1CwDEhbX2dLuGwNxLtRLwVLrk5q6tbvjiV Received 399.9988 BTC
Bitstamp: 1Am2CzJBAExwCbsrWk3roDUxZBBj71Whgn Received 199.998  BTC
BTC-E: 199H2S5dMNJg3dap8beUzwjo6VW6UTZM8i Received 238.829 BTC
BTC-E: 1KdpaKuJPWw8R1gSd3YL9aqzPiraK3VLZd Received 99.998

If anyone knows of any other address the operator of this scam made or any transactions send me the transactions and I'll try to identify where they went to, they might have fucked up somewhere along the way. I have to admit I don't know anything about what went down, I just remember looking into the 1Payday address some time ago and saw it received its money from obfuscated sources.

EDIT:

https://blockchain.info/tx/debbde36f117a07b23400d871312635c7f5ac376d766ccc43e1100ac3b83a114

This is another transaction from a 1Payday address to another BTC-E deposit address: 18JVaAR5z9THMsRJpwCfVuPhU19EVkwnjA
sr. member
Activity: 434
Merit: 250
Ive seen blockchain evidence of pool mining revenue that was the equivalent of a few USB mining sticks last spring, ie, a few GH. Since Jason used to sell or planned to sell  these sticks, that shouldnt be a surprise.
Ive not seen anything resembling evidence for 500TH, let alone the 4.8PH he sold.

I did suspect that he had bought some kind of hashing, but it certainly was not BEFORE he started offering cloud contracts.
perhaps he thought that showing some kind of mining would get him off the hook. He seems pretty fucking stupid so it's probable.
legendary
Activity: 980
Merit: 1040
Ive seen blockchain evidence of pool mining revenue that was the equivalent of a few USB mining sticks last spring, ie, a few GH. Since Jason used to sell or planned to sell  these sticks, that shouldnt be a surprise.
Ive not seen anything resembling evidence for 500TH, let alone the 4.8PH he sold.
sr. member
Activity: 434
Merit: 250
Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?
I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

which was purchased AFTER he received victims funds.
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