StakeMiners: restricted withdrawals, falsified stats, insolvent. Do not invest! - page 6.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Quote from: vancefox on December 04, 2015, 12:57:54 PM

Quote from: suchmoon on December 04, 2015, 12:36:15 PM

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

Soon, one won't be able to via Leroy's in-the-works Fodorsy Exchange. HAHAHA

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Leroy is stale and boring. BitStone mockery is the new hotness.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Leroy's thread is unlocked due him being fucked in the head and forgetting to relock it. HAHAHA I just commented: https://bitcointalksearch.org/topic/--989670

Best get your licks in before the fucktard realizes his error. HAHAHA

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: vancefox on December 04, 2015, 12:57:54 PM

Quote from: suchmoon on December 04, 2015, 12:36:15 PM

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

Good point. He's trying hard to not let them... I think you have to wait 3 months to be eligible for a withdrawal and then 2 months to actually get the coins or smth like that.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: suchmoon on December 04, 2015, 12:36:15 PM

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: vancefox on December 04, 2015, 12:28:45 PM

Do they have fine print that says they base every claim off the highest market exchange price to bitcoin? Huh

Their fine print sounds like it's written in crayons so I'm not sure:

https://stakeminers.com/terms.php

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: suchmoon on December 04, 2015, 11:43:15 AM

Time to do a new comparison of StakeMiners assets between a month ago and today.

As you can see the real value declined by ~0.5 BTC or ~1% while @cyberpinoy is claiming a ~6 BTC or ~5% increase. At this time StakeMiners shows less than 40% of its declared assets: 50 BTC vs 128 BTC.

I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalksearch.org/topic/m.12721192

Do they have fine print that says they base every claim off the highest market exchange price to bitcoin? Huh

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Time to do a new comparison of StakeMiners assets between a month ago and today.

As you can see the real value declined by ~0.5 BTC or ~1% while @cyberpinoy is claiming a ~6 BTC or ~5% increase. At this time StakeMiners shows less than 40% of its declared assets: 50 BTC vs 128 BTC.

I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalksearch.org/topic/m.12721192

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Quote from: notaek on November 26, 2015, 04:02:43 AM

Just look at these fake addresses and fake phone numbers bobbling freely on his site!

I'm no proponent of anything related to Leroy, but, YFW you realize it's an office building...

notaek

legendary

Activity: 1268

Merit: 1009

I wonder why you guys are still digging into Stakeminers when it's a confirmed scam proven from his own website? Wink

Just look at these fake addresses and fake phone numbers bobbling freely on his site!

I guess Google Map doesn't lie Tongue

So now, Leory Fodor will claim that he is running another business alongside his Stakeminers called "Digital Interface" Grin

And now tally the above address and phone numbers with that provided on his website's WHOIS details:

Domain Name: STAKEMINERS.COM
Registry Domain ID: 1907628068_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.tucows.com
Registrar URL: http://tucowsdomains.com
Updated Date: 2015-07-20T17:07:41Z
Creation Date: 2015-03-06T18:56:10Z
Registrar Registration Expiration Date: 2017-03-06T18:56:10Z
Registrar: TUCOWS, INC.
Registrar IANA ID: 69
Registrar Abuse Contact Email: [email protected]
Registrar Abuse Contact Phone: +1.4165350123
Domain Status: ok
Registry Registrant ID:
Registrant Name: Tai Bui
Registrant Organization: StakeMiners
Registrant Street: 53 Street No3 Cu Xa Do Thanh Ward 4 Dist 3
Registrant City: Ho Chi Minh
Registrant State/Province: Ho Chi Minh
Registrant Postal Code: 700000
Registrant Country: VN
Registrant Phone: +1.849069632
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: [email protected]
Registry Admin ID:
Admin Name: Tai Bui
Admin Organization: StakeMiners
Admin Street: 53 Street No3 Cu Xa Do Thanh Ward 4 Dist 3
Admin City: Ho Chi Minh
Admin State/Province: Ho Chi Minh
Admin Postal Code: 700000
Admin Country: VN
Admin Phone: +1.849069632
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: [email protected]
Registry Tech ID:
Tech Name: Tai Bui
Tech Organization: StakeMiners
Tech Street: 53 Street No3 Cu Xa Do Thanh Ward 4 Dist 3
Tech City: Ho Chi Minh
Tech State/Province: Ho Chi Minh
Tech Postal Code: 700000
Tech Country: VN
Tech Phone: +1.849069632
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: [email protected]
Name Server: DNS.TROUBLE-FREE.NET
Name Server: DNS2.TROUBLE-FREE.NET

Somebody needs to send an email to [email protected] (Domain Registrar) regarding this confirmed scam and Boo-Yah! Stakeminers will be gone forever.....

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: dooglus on October 19, 2015, 12:06:30 PM

Quote from: BobLawblaw on October 19, 2015, 11:38:41 AM

I am looking for investment opportunities not casino games.

He is suggesting investing in a casino, not playing at one.

Interesting idea thank you.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Thanks for the followup, suchmoon, in putting in the extra effort in exposing the venerated Leroy Fodor,
the "in"-thing to do. HAHAHA

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Here is a comparison of StakeMiners assets between ~3 weeks ago and today. As you can see the real value declined by ~16 BTC or ~24% while @cyberpinoy is claiming a ~5 BTC or ~4% increase. At this time StakeMiners shows less than half of its declared assets: 51 BTC vs 122 BTC.

I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalksearch.org/topic/m.12721192

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: Phildo on October 19, 2015, 11:26:25 AM

the only thing that looks to make sense to me is casinos

I am looking for investment opportunities not casino games. Read about PACMiC but that does not seem good either with the pricing for version 4.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

It's been ~4 days since I posted my calculations showing that StakeMiners assets are worth LESS than cyberpinoy declares as thier "holdings".

~67 BTC actual assets, ~117 BTC declared, or approximately 50 BTC or ~40% less. In other words StakeMiners doesn't have funds to pay out all investors and also its staking pool capacity is significantly lower than the declared amount.

Cyberpinoy doesn't appear to think that it's important enough to explain this difference to his investors. There was no response from him aside from some indirect and vague rebuttals in his locked thread, e.g.:

https://bitcointalksearch.org/topic/--989670

Quote

Please note that altcoin wallet screen shots are meant to provide general information on the altcoins held and their recent staking activity. The screen shots do not reflect every transaction nor the total value of Stakeminers' holdings.

... however cyberpinoy failed to provide any additional sources for "the total value of Stakeminers' holdings" so to be safe we should assume that StakeMiners remains insolvent.

Please note that StakeMiners announced TOS changes that would take effect on November 1 and would impose additional limits on withdrawals in an apparent attempt to mask the solvency issue. If you have an investment in StakeMiners please review sections 24, 25, 26 of the new TOS and consider withdrawing before November 1st.

https://stakeminers.com/terms.php

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: BobLawblaw on October 19, 2015, 11:38:41 AM

I am looking for investment opportunities not casino games.

He is suggesting investing in a casino, not playing at one.

Phildo

legendary

Activity: 1526

Merit: 1000

Quote from: BobLawblaw on October 19, 2015, 11:07:42 AM

Quote from: suchmoon on October 18, 2015, 12:12:16 PM

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

I'm new here, looking for ways to invest my BTC holdings.

Can someone please explain to me how StakeMiners is not a fraud based on these findings ?

It appears to be one, it's just hard to actually prove because of the lack of information provided from them. They never recalculate the value of investments when the price of the underlying coins drops, so it's likely that they have been running with a deficit since the first payout.

That plus the constantly changing TOS, the lack of being able to show the math for how they calculated the withdrawal fee when the last BOI member bailed, and many other reasons seem like this is a bad idea.

If you are going to invest your coins make sure someone has a way to earn bitcoins regardless of price, because as soon as you give your coins to someone else they have them are able to fuck you over if the price changes. the only thing that looks to make sense to me is casinos, but you are on your own to figure out which of those are run by reputable people who won't just rob you.

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: suchmoon on October 18, 2015, 12:12:16 PM

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

I'm new here, looking for ways to invest my BTC holdings.

Can someone please explain to me how StakeMiners is not a fraud based on these findings ?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: BobLawblaw on October 19, 2015, 11:07:42 AM

Quote from: suchmoon on October 18, 2015, 12:12:16 PM

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

I'm new here, looking for ways to invest my BTC holdings.

Can someone please explain to me how StakeMiners is not a fraud based on these findings ?

Fraud implies a deliberate wrongdoing, so technically it could be not a fraud if we assume that cyberpinoy is incompetent but not a criminal.

But that doesn't really change anything from the investor's perspective. StakeMiners is insolvent, stay away.

Consider holding your BTC holdings. Guaranteed 100% ROI.

vancefox

legendary

Activity: 1033

Merit: 1005

Interesting... very interesting... who ever would have thought that trusting a third party with your money inside a community built on the basis of mistrust to and for all would be a bad idea...

It's just amazing...

Topic: StakeMiners: restricted withdrawals, falsified stats, insolvent. Do not invest! - page 6. (Read 12247 times)