Topic: StakeMiners.com (Something ain't right) (Read 1376 times)

I would trust him as far as I could throw him. He doesn't post his name and picture or any details about himself he wants to remain anonymous on his own WEBSITE. Big big RED FLAG!

You on the other hand are an open book. For good or bad I would give you the benefit of the doubt in most cases and given you resolved your issues with those that had problems with you is a sign of value to anyone. If you want to work through a problem that is fine. These people don't want to address the questions that should be the first things you ask of any investment managers or their company.

Who the hell are you?
What experience do you have to manage my money?
What special training or experience do you have to manage such a complicated arbitrage investment plan?
Is your company registered?
Are you licensed to provide such services inside and outside your jurisdiction?

---

Offer to Gleb only.

Give me $1000 bucks and I will invest it in either Tilapia Farms or Mobile Phone Credits here in Indonesia. See how that compares after 1 year to this joke called stakeminers.com. I bet you would have a far greater return than this investment. Mind you I could probably just lie and put the 1000$ in the bank and collect interest and still win. Who would know right? That is the point. TRUST NO ONE! Especially people hiding behind anonymity.

Bick, even though you and I are sometimes at odds with one another, I would trust you with a $1K USD to do whatever than trust Leroy Fodor with one US cent with his game plan spelt out.

They are all answered on a reputable site like Coinarch.com, (and if it isn't one email will get you those answers without any of the uneccessary bullshit and obfuscation as is done with coinstakers.com here in these forums), that is just one of many such professionally built and maintained sites in Bitcoinland. Why would you even bother sinking money into an anonymous site like stakeminer.com given the holes in their information?

ForexMinute article on Coinarch


One could easily argue that Genesis Mining is fully open and transparent as well compared to stakeminers.com. The argument here is not what is an ROI viable investment you always have to be exposed to risk in the BTC environment to find returns but one can mitigate some of that exposure by simply avoiding the amateurs entirely, however that is not to say professionals won't steal you blind but you are more likely to get scammed by the fly-by-nighter and it really should give anyone pause to invest by just looking at what information is missing at the stakeminers site.

Stakeminers are amateurs and should not be involved in trading securities of any kind especially when they are not registered to do so in the Philippines. I suspect they would be barred for any such activity if they were reported to the SEC in that country. There are plenty of examples like these registered and unregistered companies or sites in arbitrage / mining / cloud mining or pools and exchanges in Bitcoinland. So again I am not nor would I recommending any investments or sites you need to do your own due diligence so I offer up these registered companies only as a comparison to this closed and anonymous site put up without any legal registration in any jurisdiction. The contrasts are striking.

Full disclosure:

I am not recommending coinarch or genesis mining and only offer up these sites as an example of a much more comprehensive and open informative sites available, especially with regards to products and services and detailed explanations of how revenue might be generated, in comparison to stakeminers.com. Also note I have met with the principals of Coinarch and Genesis at the Inside Bitcoin Hong Kong in May 2014 and at that time was given a detailed walkthrough of their sites and products. I have an account on coinarch.com but have not used it or have ever traded on there. I have no account on Genesis Mining but I am confident of the credentials and experience of the principals of both these companies.

My investments in cryptocurrency are held in some altcoins predominantly Freicoin and Bitcoin as long term position hold on their value as well as some mining gear and components. I have ZERO PoS stakes or investments whatsoever. My motivation here is to offer up information to potential investors so that can AVOID using stakeminers.com as it is like run by untrained and inexperienced people acting as if they are a legally registered company in the Phillippines which they are not. Their copy and paste TOS is in direct contradiction to the fact they remain an unregistered enterprise in the Philippines.

Very valid questions indeed, and we will probably never see them answered either.

Paid to post lol!

Here come the shill and sockpuppet accounts wooo paydirt! That didn't take long. Ignored FruitsBasket (aka stakeminer.com shill). Ya I am millionaire I get a penny for every post. I already posted something that is reasonably worth investing in but I guess Ivan didn't read everything, oh well.

This is a dog of investment and should be avoided as I recapped before.

If you don't like accepting those facts then there is nothing I can do to help you. Enjoy your year long ROI run. I will be here in 12 months to check where this all ends. It will be tears. Still no explanation on how this investment can make money for those investing and those running the investment. Not a single reason why it would be viable.

I thought you gave up. What are you trying to protect? Your pride? Your investment or possibly your only easy out as more people pile on the ponzi? I smell the desperation especially after someone took a 30% loss on his investment. It always turns into an attack on the person questioning the "investment" never about the questions being asked.

Questions being avoided.

Why is this company not registered and this registration posted on their site?
Why are there no pictures of the principal parties or owners of this company on their site?
Why is there no information regarding the experience, education or history of the principals on their site?
Why is there no evidence provided that the company is working on staking or providing arbitrage on PoS?
Why is there no information posted on the site how it will recoup the costs of staking and provide ROI?.
Why is there a need to have an extremely high 30% penalty for pulling out of this investment early on?
Why are they using unverifiable and misleading claims: 'MOST PROFITABLE WAY TO MINE'.

Mine? This is staking not mining it is an arbitrage using PoS coins. If it is so profitable why bother sharing it with everyone just invest your money and work the arbitrage without having to broadcast it. I just can't imagine anyone after following this line of logic towards investing. It is good to see that there are few people invested and I bet primarily most are principals pretending to be investors thus propping up the con to make it look bigger than it is. Sense the desperation yet?

Bicknellski ignore him, he gets paid for his post. He can just prolong your discussionsssssss

Ok, let s develop your point then. What is safe to invest? Tell me a single crypto investment which has provided registration, contacts about people behind it, mining address, photos and all this is verifiable.
Pls do share this info since you are such an altruist so I can compare it to this one.

Let us recap:

No company registration on his site.
No picture or information about the principals including evidence of experience, or training on the site.
No evidence provided he is staking or providing arbitrage on PoS coins on his site or to his customers.
No information posted on the site how it will recoup the costs of staking and provide return on investment.
One "major" investor pulled out lost 30% on his initial investment.
Unverifiable and misleading claim it is the  'MOST PROFITABLE WAY TO MINE'.

---

What I have a problem with is being told I couldn't be doing this as altruism. Really. Am I being paid for this? Seems odd I have no signature campaign? No, reason really to do this for profit. I wonder why then? Personally I dislike the misinformation and lack of openness of the people behind this venture. Obviously someone has made a bad choice of investment and doesn't want to hear the reasons why so is lashing out. That is a tactic also of the shill to attack the MAN not the ARGUMENT.

Continually comparing his site to cloud-mining is exactly why you should not be investing. This coupled with the fact our principal is not posting any information on his site to verify any business registration or his identity make this a recipe for a ponzi scheme. Finally there is no evidence the principal person has any experience or background to handle such a securities / investment scheme.

Just steer clear. The customers who have bought in to this do not have enough data to determine the viability of this investment. It is best to avoid such poorly explained and documented businesses on these forums. Especially when the principal is unwilling to openly identify them self on their site. It is not safe don't invest.

I really have no interest of being part of this personal war you might have against stakeminers.com

I use them, will continue using them, been paid on time every Monday for the last 5 weeks, whenever I reached his payment threshold. Also, couldn't care less if anyone else uses their service or not so calling me a shill is a very nasty move from your side. I could easily call you names and start a full time discussion here, but what s the point.

He did actually share with me his personal data, including FB page. I have no way to verify this data nor will I attempt to, unless I decide to invest more sizable amount.

Crazyivan out of this discussion.

This could be an evidence that he is "staking" although this does not mean much but atleast it shows something rather than nothing

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

and for who is this person , you might want to check this references

https://bitcointalksearch.org/topic/leroy-fodor-has-gone-full-delusional-stakeminers-confirmed-100sic-insolvent-990219
https://bitcointalksearch.org/topic/leroy-fodor-caught-stealing-from-cexio-1016614
https://bitcointalksearch.org/topic/stakeminerscom-is-a-ponzi-scheme-run-by-leroy-fodor-a-proven-liar-1010427

This is a scam accusation but it covered up on who he is


Most "cloud" operators has been operating in shadow but this one actually shows up who he is. Well not actually he showed himself up but I found about it in scam accusation plus that having your personal info known will not stop you from running away with everyone's coins (just my concern)


First thing first, Ivan is not a shill i suppose and also perhaps anyone that disagree with your opinion is not likely a shill. Since this is a discussion thread you might expect a counterpoint from your own point of view

Not saying that I will defend them, Im just stating my opinion here as I have the same doubt and question as well like you but I will try to be neutral at least

1. Where is there any evidence or documentation he is actually staking anything or doing all this work? Further who is this person and why is he qualified to run an investment that would require him to register with the SEC in the Philippines by law.

2. Exactly. Your returns with this are even more of an unknown because who the hell is this guy? Seriously where is he identified anywhere on that site or in these forums? Anyone running such an investment plan should be forthright about identifying themselves, the business and providing some background on their experience. Who in their right mind is going to give this person their BTC if he is not qualified to handle such an investment?

1 year ROI being paid on time, regularly?

This is very familiar. People have been promised REGULAR payments before.


You have been paid once and it is hardly ROI if you do not have more back than what you invested. If you do this is certainly a scam and no one else should pile on the ponzi bus.

I am doing this because this site is misleading and it will eventually collapse under mismanagement or outright fraud.

The questions remain and I suspect will continue to go unanswered.

There is no record of the principal actually doing any staking is there? Where can we see all the evidence for the principal chasing coins? Converting everything? Checking for forks? Checking wallet updates for 4,5,10 different PoS currencies?

You think he is doing all that for very little or no return himself?

I seriously loved to see all this work he is doing documented. I doubt he does anything.

The 30% he just made off the "major" investor...


...will easily cover the minimal payouts required for the next little while but he needs to advertise pretty hard to make this work and it looks like he spends most of his time spamming these boards and not watching PoS coins and what not. How can he be monitoring such a complex investment scheme while posting walls of text?

What evidence is there that he has any experience and the necessary skills or intelligence to run such an investment?

If he is such a stand up guy and a great investment guru why won't he post a photo and some basic background about himself for everyone to see and a company registration number?

The Philippine Business Registry

It sounds like you know more than the principal in regards to what he does daily. Why is that? Why doesn't he explain his process to investors?

Come on buddy you are not going to start attacking me as a the villain here right? That is the classic shill move. Keep it on point and answer my questions. Why are you avoiding those questions?

----

Bottomline this for everyone.

We have an anonymous person taking BTC and paying out to people based on 12 month ROI.

At what point would you say no I am sorry but that is just not enough information to invest.

It doesnt mean much because cyberpinoy is answering most of my question in general and not specifically. If you read it atleast it feed on atleast some of your question and not much


The same thing on why you let someone mine for you via cloud mining if you can mine for yourself, true? The reason is simple because someone will always look for this kind of business where you do nothing and just put in your money to get something for X periods of time


Almost the same, the main difference will be that this stakeminers is "staking" rather than mining, the other concept is totally the same where your money is in the hostage for X days before you reached your ROI

First, I do not recommend anything, I play with my own money.

Second, only a total fool can think you do this campaign against Stakeminers cause of altruism. Nobody writes tons and tons unverified accusation just for fun.

What I see so far is about 1 year ROI, been paid on time, regularly.

True, I can stake this by myself but I really have no time to chase coins, sell them, convert everything, check for forks, check for wallet updates of 4,5,10 different PoS currencies so I like what they offer for now.

The Q & A doesn't really mean much.

Basically you don't need a 3rd party to stake coins. Why would anyone need this service? Especially if they hold you hostage for days to weeks or possibly months or forever. How is this any different than a cloud mining operation asking for contracts for x days that you can transfer?

This is set up already more likely a pyramid or ponzi or cloud mining operation that has no physical miners. The reason why there is no defined reason to believe there is a way to generate revenue nor is this process being documented for the investors anywhere on the website. What is the principal doing to achieve ROI 'within a year' for you and sufficient revenue to keep stakeminers going?

Stakeminers is an arbitrage scheme. Is this person qualified to run an arbitrage?


You have invested.

You have no results of ROI within a year since you been with 'them' for only over a month.

Here is my take away on your statements so far you have given this completely anonymous person (not a company registered in any way legally) BTC and you have to wait 1 year to see any ROI?

Ya ok... so you would recommend this because you like giving BTC to people for a year and hope to get ROI with no clear explanation on how that would be achieved and provide sufficient revenue to keep this person managing the business? Has he explained the risks or terms and conditions or liability to you?

Should people feel uneasy about this investment would they not start promoting it just to get an ROI for themselves and ignore the potential for losses later after they make their money? Classic ponzi. Please educate yourself.

Lest We Forget:

https://www.techinasia.com/bitcoin-pyramid-scheme-hong-kong-387m-investors-money/
http://www.forbes.com/sites/jordanmaglich/2014/11/06/texas-man-arrested-for-4-5-million-bitcoin-ponzi-scheme/
http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf


So let us recap shall we:

     * There is absolutely no legal registration of this company in any jurisdiction.

     * None of the principal 'owners' are identified in the event there is legal battle you would have to work pretty    
        hard to track down the individuals involved.

     * The principals involved have little or no experienced in staking or POS coins. They have zero qualifications to
        run such an investment portfolio for others. There  is no documentation of work or education experience or  
        background of the principal(s) involved.

     * You can't get your BTC out in the short term without a massive penalty.

     * There is no reasonable or clear explanation of the business model or in other words how this service generates
        revenue for the owner and roi for investors.

     * There are no reasonable explanations to use this service given you can and should stake on your own if you  
        want to invest in POS coins.

     * Claims that stakeminers.com is the 'MOST PROFITABLE WAY TO MINE'. That is surely misleading at least and
        illegal at most to make that claim. Since claims like that are subject to oversight by consumer protection
        agencies. It should be reported.

Here are some links and information just in case they will be needed by 'investors'.

Info on Complaints: http://www.dti.gov.ph/dti/index.php/services/for-consumers

Consumer Protection and Advocacy Bureau (CPAB)
2F Trade and Industry Building
361 Sen. Gil J. Puyat Ave.
Makati City, Philippines 1200
Trunkline: (+632) 751.3233
Fax: (+632) 890.4949
E-mail: [email protected]



DO NOT PUT ANYTHING INTO THIS VENTURE.

---

Here is a just one legit way to try and earn without having to mine from a fully registered company in Bitcoinland.

https://www.coinarch.com/


https://www.coinarch.com/en/Info/OurLeader



How it works:

https://www.coinarch.com/en/Info/AboutCoinarch

Terms:

https://media.coinarch.com/Tag_6.4.0/Content/Terms-and-conditions-jan-15.pdf

I hope people compare the two and think about it. With real faces and experience to back it up. If you want to really spend your coins on some anonymous guy on the net just answer those get rich quick emails please.

As with any other crypto venture we see everyday.
Licence in the cryptoworld??? Which company or service is actually licensed.

I have invested a small amount and so far the result ROI withing a year. Been with them for over a month.

How about heading in here and check this out https://bitcointalksearch.org/topic/--989670.

This is a Q&A between me and cyberpinoy (the owner of the sites) you might find the answer on your question especially on how they are running it and why is the huge fee is applied on the investment withdrawal.
The whole Q&A is too long to be copied  in here and might as well head to the link to feed out your curiousity

P.S : Im not defending them and Im here on the gray zone, the whole Q&A session ws to feed on my curiousity on how things in their site works since they are the first to make this kind of business

Rather get a masternode though but that's just a personal preference

the only reason to "crowd fund" a staker is for DARK/DASH - if I remember correctly you need at least 1k to stake. makes no sense to trust a 3rd party for every other PoS coin.

Yup.

The argument would be keep it in longer to see return which is just another form of ponzi / pyramid I call Bullshit.

If you want to get POS coins just do it direct there is no need of a middle man at all.