Topic: Rent space on a mining server. Mining United, Make extra bitcoins. - page 3. (Read 9508 times)

Ok, I see this is a losing battle with you... Proof provided, proof of concept given, and explanation of how it could be possible given. It is a small term loan, that pay's back interest. It's possible they will fold. But as of right now, it works, and it's paying back money.

I don't care what your logic is.... they're basically taking short term loans payingalmost  9% interest daily, it's not feasible to do that.

I think you're not understanding how it would work. Now, I don't know exactly how they do it either, but this is what I can gather from their website.

I rent a server for $500 a month, with $100 in electricity. (easy numbers, not an exact quote of course.)

My costs every month are going to be $600 total just to mine bitcoins. This is a flat rate, always going to pay it whether I mine bitcoins, or run a Quake 3 server.

I can make $1000 a month mining bitcoins with this server. That's a $400 profit, after taking out electricity and rent.

Now, if I can get someone to rent this server from me for 1 month, and pay me $600 a month for it, and only expects $700 in bitcoins, then I cover my cost of the server, the electricity, and I still keep $300 in my pocket. I'm not going to pay them $1000 worth of bitcoins to rent the server, I'm going to hold some back.

My guess is that if they are charging 0.25 for 3 days on their server, then over those 3 days, they are making 1.0 bitcoins, and only giving back 0.35, netting a profit of 0.65. All with no risk to themselves.

Now, I could retype all of that substituting Bitcoins in the small denominations like .02, .05, .10 and what-not, but it's 6:35AM in the morning, I've had a half a cup of coffee, and crusty eyes, so I don't have the mental power to do the calculations.

Now, I'm also going to try selling Premium memberships... That's just cash in my pocket above and beyond what I'm making. Who knows, maybe I'll throw a couple of ads on the front page to make a little extra. The ads will help, because no sponsor wants to work with you upfront unless you already have an established user base. Just like any website, you have to get the users first, before you can get the money.

That's how I see it.

EDIT: I also reserve the right to edit my post when I wake up a little more.

So you think 8.9% interest compounded daily is legit?  Because that's what the .25 BTC one is.  No way that is a business plan.

They are not accepting new users? And they still pay?

Will give 1.0 BitCoin to anyone who can prove Mining United is a pyramid scheme or scam. Go to their website, they are not accepting new users or new purchases at this time.

+1 for me and -1 to all those who thought they were using new purchases to pay out old as a "pyramid scheme".

...oh look I just got another .1339 payout! 

Hello my name is Ahmad

I want to share my experience of using services miningunited.com

at the beginning I think this similar ponzi and scam .. but NOW! I get a 0.1 bitcoin from miningunited.com only by 0:25 for 3 days

no longer click ads, view video ads, enter the bitcoin address on a few websites that just give you a little free bitcoin ..

change my mind how to get bitcoin easily without any effort, because miningunited.com has helped me to get bitcoin easily.. Thanks miningunited You saved my time .. and they are also quick response

this is my payment proof



Thanks

Hell no, it still looks super sketchy.  I don't believe this kind of thing can last.

So with proof like this, can we re-edit my original post and remove the Big, Red, Scam warning?

I didn't think that would be a problem. They have paid me out everytime I've sent bitcoins. I'm not sure what kind of proof I could give on it.

Here's a screenshot of my wallet, if that helps:



Heck, here's my Wallet ID, so you can compare to Mining United's list of payouts.

Wallet ID: 1PSnLUwMqAa6qXb9XkMcFekAsntJbHwNNx

Hell, I could even post a email thread I've sent miningunited with questions I've asked and his answers.

I say it's not a scam. As a new user to this forum, take it with a grain of salt. You can always try the lowest package and see if you get paid out. Then use the profits to build upon, so at the most you're risking 0.05 btc.

EDIT: In regards to the link you posted in my original thread: I looked through that forum post and came across the section about the payouts not appearing in Blockchain. Would it help if I posted my conformation links from Blockchain? I don't want to be accused of being a scammer, or anything. I just wanted to tell people on the forum that I visit often, about what I've ran across and how it's worked for me.

Now, if I happened to get 1 BTC for posting a message about my experience, great! Is that a problem?

http://www.miningunited.com/trans.html

I call BS that you do not have a vested interest:

This seems sketchy

EDIT:
Read some more and it's probably a scam, posted a warning in the first post.

Hey guys, I've been a long time lurker and I finally registered to post about MiningUnited.com

This is a website for renting a mining rig for short term gain. You get a set amount of bitcoins depending on the package you "purchase".

I've been using them for about 3 weeks now, and have gotten paid out multiple times. Most miners can make more mining on their own, with their own hardware, but this is a way to supplement your current mining income. I'm mining on my rig, and sending bitcoins to MiningUnited.com to make extra bitcoins. They seem to make their money off of Premium membership fees.

The current price structure for mining packages are:
0.05 for 3 days of mining will get you: 0.0662 back
0.10 for 3 days of mining will get you: 0.1339 back
0.25 for 4 days of mining will get you: 0.3517 back

I would suggest you check them out. (I do not own, run, or sponsor this website, just passing along information.)

http://www.miningunited.com/index.html


MOD EDIT:
Possibly a scam, read this thread