If I was cheap enough to WillMitchell all over the forum to get 20 cents of cash a day.
FTFY
Topic: Triplemining.com || Ponzi scheme ? Pyramid ? - page 3. (Read 8321 times)
If I was cheap enough to WillMitchell all over the forum to get 20 cents of cash a day.
FTFY
What ever happened to that 50 GH/s by July 5th thing? Did any of the Top 5 teams get paid their 1 BTC or their PPS portion of the other 5 BTC? Are we waiting on the next block to be found before it gets paid out?
I've heard absolutely nothing about the contest since it ended.
We didn't reach 50 GH/s before the fifth. I've heard absolutely nothing about the contest since it ended.
@Jack: Then it seems that the pool op needs to enforce the 'triple' rule that was implicitly included in the pool information.
@Zombie: We didn't attain 50Ghash/s before July 5th, by any timezone. That, and on July 5th the Ghash/s of the pool dropped below 50Ghash/s at least twice that I know about.
@CNMOH: According to wikipedia, "A pyramid scheme is a non-sustainable business model . . ." By the first few words of the definition alone it is clear that Triple Mining is not a pyramid scheme because it is completely sustainable. Were the referral structure created in such a way that the system would not continue to function unless new referrals were brought in, then I would agree with you. But this is simply not the case.
@Zombie: We didn't attain 50Ghash/s before July 5th, by any timezone. That, and on July 5th the Ghash/s of the pool dropped below 50Ghash/s at least twice that I know about.
@CNMOH: According to wikipedia, "A pyramid scheme is a non-sustainable business model . . ." By the first few words of the definition alone it is clear that Triple Mining is not a pyramid scheme because it is completely sustainable. Were the referral structure created in such a way that the system would not continue to function unless new referrals were brought in, then I would agree with you. But this is simply not the case.
What ever happened to that 50 GH/s by July 5th thing? Did any of the Top 5 teams get paid their 1 BTC or their PPS portion of the other 5 BTC? Are we waiting on the next block to be found before it gets paid out?
I've heard absolutely nothing about the contest since it ended.
I've heard absolutely nothing about the contest since it ended.
Quote from: Auspician
Wrong, since the system doesn't care about your mining power proportional to those in your ref. chain, you can just leave an old CPU miner in the pool or even use a free cloud computing site & assign a processor with 1% affinity to the pool, so that it still gets a few khash/s and submits shares every few hours + you never get banned off the cloud because your usage is so low
Quote from: CNMOH
Not you. From what I gather you have the biggest amount of referrals on the networkI'm talking about individuals who stick their links into any possible field of text as long as it's readable
& make topics about their ref links and use gigantic banner ads with some cartoon aliens in it
Well, in that case I agree. I agree with the critics on two points:
1. People are spamming their referral links, and this is bad for both the pool and the Bitcoin community.
2. This is a pyramid scheme.
However, #1 isn't the fault of the pool, but its membership. And #2 isn't necessarily a problem, as it is completely voluntary to participate in. I have no problem with pyramid schemes as long as everyone is aware that it is a pyramid scheme, although apparently a lot of my fellow Tripleminers seem to have a hard time accepting this fact.
With Triple Mining, you do not gain income from your minipool if you are not mining yourself as well. Additionally, you can never gain more than double the income you are personally generating through mining with Triple Mining through your minipool.
The solution Jack is suggesting simply will not work. The pool op has seen to that.
The solution Jack is suggesting simply will not work. The pool op has seen to that.
Quote from: artefact2
It's not a scam or traditional pyramid scheme because the site owner doesn't get tier 1 referral profits from anyone. Only the minipool host gets part of the fee. So the owner has good intentions in that sense.
It just doesn't make sense financially if you have 10+ghash capacity.
Unless you just bring in referrals & never mine yourself, in which case it's just free income at zero risk.
The 'sucker' left holding the bag is the small miner who is just another brick in the wall enriching the person who introduced him. He is paying to mine, a concept that is diminishing with newer pools. There are more free pools than those taking fees.
Giants like deepbit are the exception to the rule. You pay them for practically zero variance
Quote from: CNMOH
Not you. From what I gather you have the biggest amount of referrals on the networkI'm talking about individuals who stick their links into any possible field of text as long as it's readable
& make topics about their ref links and use gigantic banner ads with some cartoon aliens in it
I have no ugly looking aliens in my pool nor in my posts
This. Exactly. I gave up trying to convince people this pool is a pyramid scheme, it's their problem if they want to be scammed. But I respect you for trying nonetheless.
Why is paying a 1% fee "being scammed", especially when there is no fine print or obfuscation going on here? If you're paying a 1% fee, why should you care if those funds go to person who referred you rather than just to the pool itself? Does the destination of this 1% fee by itself somehow change the nature of the pool?
This perspective is obviously pure lunacy - if you don't want to mine with Triple Mining, go to another pool or just go away. Your misinformation is not wanted.
Quote from: CNMOH
Not you. From what I gather you have the biggest amount of referrals on the networkI'm talking about individuals who stick their links into any possible field of text as long as it's readable
& make topics about their ref links and use gigantic banner ads with some cartoon aliens in it
This. Exactly. I gave up trying to convince people this pool is a pyramid scheme, it's their problem if they want to be scammed. But I respect you for trying nonetheless.
Quote from: CNMOH
Not you. From what I gather you have the biggest amount of referrals on the networkI'm talking about individuals who stick their links into any possible field of text as long as it's readable
& make topics about their ref links and use gigantic banner ads with some cartoon aliens in it
It seems amazing to me that people are so concerned about a 1% fee, and spend so much effort trying to circumvent it without realizing that their actions doing so weaken the system as well as destroy trust between the community. This level of absurd greed and selfishness needs to be purged from the marketplace.
Seriously, what's wrong about using the system as it was intended and spending a bit of time referring others to make up for the 1% fee you pay if its that big of deal to you? This way you both make more than you would otherwise, don't cheat the system, and contribute to shared success. Triple Mining is the most fun pool I've yet to come across, and I'd like to see it succeed.
Those who abuse the honor system now will simply be ostracized from the marketplace when reputation companies hit the scene. Enjoy your greed now, but know that we do not support you.
Seriously, what's wrong about using the system as it was intended and spending a bit of time referring others to make up for the 1% fee you pay if its that big of deal to you? This way you both make more than you would otherwise, don't cheat the system, and contribute to shared success. Triple Mining is the most fun pool I've yet to come across, and I'd like to see it succeed.
Those who abuse the honor system now will simply be ostracized from the marketplace when reputation companies hit the scene. Enjoy your greed now, but know that we do not support you.
Why would I want to mine with a 1% fee?
The best way to maximize your earnings is to mine at a 0% pool like bitcoins.lc, and use a pool like triplemining.com only for the referral link.
That way you get free money from suckers who join under your link,
but you don't have to pay a 1% fee while mining yourself.
I don't get anything out of paying the 1%. For every 100 BTC I mine, I get 99 at triplemining and 100 at BTCguild or bitcoins.lc
Referrals can just be used as serfs while you do none of the mining, that's what I'd do. If I was cheap enough to spam a link all over the forum to get 20 cents of cash a day.
I make around $1.35 per day from my referrals. Please point out my spam, good sir. The best way to maximize your earnings is to mine at a 0% pool like bitcoins.lc, and use a pool like triplemining.com only for the referral link.
That way you get free money from suckers who join under your link,
but you don't have to pay a 1% fee while mining yourself.
I don't get anything out of paying the 1%. For every 100 BTC I mine, I get 99 at triplemining and 100 at BTCguild or bitcoins.lc
Referrals can just be used as serfs while you do none of the mining, that's what I'd do. If I was cheap enough to spam a link all over the forum to get 20 cents of cash a day.
Quote from: MrSam
There are large pools like bitcoins.lc that take 0% and even redistribute the transaction fees back to miners.Just mine there, and make a shell account at triplemining.com & recruit newbies to work for you.
In the long term you make more profit (discounting a jackpot that you might or might not win) with this method.
Of course, it makes no financial sense to mine yourself on the pool,
but as long as you don't let the refs know this you're safe. They'll keep mining for you while you're at a 0% pool
If I was cheap enough to WillMitchell all over the forum to get 20 cents of cash a day.
FTFY
Well you could also join as a statement of not having the top 3 pools have 80% of the network.
And deepbit actually takes 3% or 10% when you choose PPS.
Also, with triplemining if you actually mine you have also the chance of the jackpot that would make more then up for the 1 BTC that you loose in the 100 that you make.
And deepbit actually takes 3% or 10% when you choose PPS.
Also, with triplemining if you actually mine you have also the chance of the jackpot that would make more then up for the 1 BTC that you loose in the 100 that you make.
First they ignore you, then they laugh at you, then they fight you, then you win.
Why would I want to mine with a 1% fee?
The best way to maximize your earnings is to mine at a 0% pool like bitcoins.lc, and use a pool like triplemining.com only for the referral link.
That way you get free money from suckers who join under your link,
but you don't have to pay a 1% fee while mining yourself.
I don't get anything out of paying the 1%. For every 100 BTC I mine, I get 99 at triplemining and 100 at BTCguild or bitcoins.lc
Referrals can just be used as serfs while you do none of the mining, that's what I'd do. If I was cheap enough to spam a link all over the forum to get 20 cents of cash a day.
Ponzi scheme ? Pyramid ?
Short answer is "none".
Amazing, how 0.000 BTC for the guy who invited you, can be so hard to accept.
Go and mine in some other pools and then come back, and mine at same speed and time with us. Lets talk after that.
Have fun, do note be greedy!
Short answer is "none".
Amazing, how 0.000 BTC for the guy who invited you, can be so hard to accept.
Go and mine in some other pools and then come back, and mine at same speed and time with us. Lets talk after that.
Have fun, do note be greedy!
First they ignore you, then they laugh at you, then they fight you, then you win.
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