Topic: SECRET: This is how a bitcoin mining pool makes big money (Read 12708 times)

I don't think charging a % fee is really a secret. That's being honest about charging your customer.

The real secret of extracting the value of someones Bitcoins is with an arbitrage scam via delayed payment/delivery.
Or secretly merge mining an alt coin all for yourself is another one.

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Hello,
I've spent thousands of dollars purchasing 2 Th/s bitcoin mining machine from a company called "Phoenix Techonologies" (www.Bitcoinminingcenter.com). They look very legit at the time, they even have a fancy press release out. Little did I know, I got taken like a fool. I waited and waited for them to deliver the bitcoin mining machine to me but the machine never arrive My company lost most of the customers' money to "Phoenix Techonologies".

Since Bitcoin is not a currency, I can't report "Phoenix Technologies" to any law enforcement branches. My company's policy (CryptoCurrency Inc.) do not issue refund as stated in the terms and conditions. However, I can reassure that if you are a customer of CryptoCurrency Inc. you are guarantee the Gh/s you purchased. This is a big loss for all, but don't worry. I am trying my best to recover the funds. I've borrowed money from my family member to purchase a 2 Th/s bitcoin mining machine from Cointerra.

My company purchased a 2 TH/s bitcoin mining machine from Cointerra for the May, 2014 shipping batch.

I regret to inform you that the Jan 25, 2014 mining date will be delay until the next mining date of 5/25/2014. Mining will start When I receive the 2 TH/s bitcoin miner from Cointerra. I hope that Cointerra won't be another scam company like "Phoenix Techonologies".

Sincerely yours,
Cuong V Truong
CEO of CryptoCurrency Inc.

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Cuong V Truong - you should refund all of the money back ASAP! Otherwise I will label you as a SCAMMER. -1.

http://cryptocurrencyinc.com/update1,14,2014.html

I've never lost while using my ultimate1337strategy, why would I lose in the future?

No, people will only lose the ones they are betting!

You will lose all your Bitcoins playing any dice game. I guarantee it.

Or you could do 1767 BTC at 92% re-staking the lot 10x over - and double your money.

(free gift from his royal highness b!z)

How to triple your money

Dice 1 BTC at 3x and win to get 3 BTC
Dice 100 BTC at 3x and win to get 300 BTC
Dice 10 000 BTC at 3x and win to get 30 000 BTC

This method is completely flawless!

Sultan Graet the 1th of the Antipodes

+1    me neither!  Pay up FPGA companies!

You made a big mistake.  You should have called yourself 'Emperor Haribo the VII', then the FPGA factories would be fighting to bribe you.

I would like to file a complaint. I never received my bribe from the FPGA factories.

agree with bolded bit

blockchain.info is a fantastic site but their hashing pool info is a major disappointment. Think: a five-star gourmet dish with a half-dead blowfly in the centre.

They should ask kinlo if they can use his methodology, because what they have at present is better off missing entirely.

you dont get paid for relaying blocks.
blockchain.info is well know for being innacurate. I recently asked them to lift their game https://bitcointalksearch.org/topic/m.3237666
http://blockorigin.pfoe.be/top.php is accurate over last 2016 blocks for actual blockfinders
as you can see http://blockchain.info/pools shows Deepbit as 3rd biggest pool when really blockchain.info tags a lot of unknown blocks (including Ozcoin's most of the time) as deepbit :/Deepbit have actually found 4 of the last 2016Blocks

gmaxwell a forum moderator made this thread in Nov 2011 https://bitcointalksearch.org/topic/dont-believe-everything-you-read-on-blockchaininfo-about-block-sources-123726 - I wish more people would read that than rely on https://blockchain.info/

Sometimes I love to just watch it flow on blockchain.

https://blockchain.info/

88.208.1.24 getting $1million payout. wow!

doesn't seem so fool for me
I thought something like this few weeks ago, If you look at CloudHashing I think they're doing something like that
What if they make you mine in theyre pool only? I mean it's cash flow

type crap just to include triplemining ref link inside, how retarded!

Tom is pretty much the epitome of handicapped. (Read his other FUD posts, you'll get the idea)

Anyone who calls himself "King Cuong v Truong" probably had a large fall resulting in brain damage as a child or may have been born with an extra 21st chromosome ..

Please save face and stop posting this retarded shit Tom. You are better then this.

Wow, OP you're a fricking idiot.

Ha ha.. thanks for the headzup!