Bitcoin Forum

SECRET: This is how a bitcoin mining pool makes big money
(Free gift from his majesty the King Cuong V Truong)

The bitcoin mining pool operator partnered up with FPGA factories all over the world to produce Bitcoin mining machines. After the bitcoin mining machines are made, they sell them to the general public at break even price (earn no profit from selling the machines). The machines will be around 100 Gh/s, 1 Th/s, 2 Th/s, ect... They promote their Bitcoin mining pool to the buyers, the buyers mine at their pool. The pool charge 1% for mining.

Here's the example:
1% profit of $1,000,000 in revenue from miners is: $10,000 a month in residual revenue for the pool operator.
1% profit of $10,000,000 in revenue from miners is: $100,000 a month in residual revenue for the pool operator.
1% profit of $100,000,000 in revenue from miners is: $1,000,000 a month in residual revenue for the pool operator.

I hope you enjoy this free gift :)

Like this free gift? When you make alot of money then donate a portion to his majesty the King Cuong V Truong's political campaign at:
1JstAsr4QGPjnVYJKN2gEDFP7J8JD9wrvY



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Recommended thread:

List of factories that make FPGA Bitcoin mining machines
https://bitcointalk.org/index.php?topic=297206.new#new

Bitcoin Mining PCI-E Card 10Gh/s card for only $100
https://bitcointalk.org/index.php?topic=287706.0

USB block erupters are now useless. $5 - $7 each.
https://bitcointalk.org/index.php?topic=277330.0

well, you say profit, but what about the pool's admin and overhead costs? more specifically, that would be gross, not profit.

Don't bother with that, just read his other topics and you'll understand.

https://bitcointalk.org/index.php?topic=294399

Ha ha.. thanks for the headzup!

Wow, OP you're a fricking idiot.

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.

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

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

Sometimes I love to just watch it flow on blockchain.

https://blockchain.info/

88.208.1.24 getting $1million payout. wow!

you dont get paid for relaying blocks.
blockchain.info is well know for being innacurate. I recently asked them to lift their game https://bitcointalk.org/index.php?topic=40264.msg3237666#msg3237666
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://bitcointalk.org/index.php?topic=123726.0 - I wish more people would read that than rely on https://blockchain.info/

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.

agree with bolded bit :D

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

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

+1    me neither!  Pay up FPGA companies!

/me goes to deed poll
Sultan Graet the 1th of the Antipodes

(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!

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

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

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

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

==============================================================================================================

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 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.

;)