I'm creating - very reluctantly I must say as I think this is going to be a massive waste of time - an unmoderated thread to discuss
StakeMiners and to some extent the controversies surrounding its owner Leroy Fodor aka
cyberpinoy aka
knlgfx. You can find all grimy details about Mr. Fodor in
Gleb Gamow's expose tread.
Let's start with what prompted this thread. Mr. Fodor runs a
self-moderated thread about StakeMiners and he does not allow any questions to be posted there by anyone whom he doesn't like. I have unfortunately fallen into that category so my three posts were deleted from that thread. See those posts below.
Update September 3, 2015. Since cyberpinoy hasn't responded to my attempts to get his attention regarding his TOS I have to tentatively conclude that StakeMiners is probably not being maintained or supported very well. Use at your own risk.
Update September 23, 2015. Cyberpinoy
has locked his thread on Bitcointalk and
has declared that he will not be visiting GH forum anymore. He has left multiple questions unanswered. Based on the available information I must conclude that StakeMiners is unprofitable and
cyberpinoy is trying to obfuscate that fact.
Update October 23, 2015. Cyberpinoy has not explained the
latest calculation showing that StakeMiners assets are about 50 BTC / 40% lower than its declared liabilities. In other words, if all investors decided to withdraw they would get less than 60% of their investment back because most coins held by StakeMiners lost value relative to Bitcoin. However cyberpinoy refuses to acknowledge or disclose this issue.
