Bitcoin Forum

The game seems to B up for PBmining's Jason. Don't fall for good deals from forummembers, PBmining will dissapear in a few weeks, especially for all the noobs out there!

What do you base that on? Do you have some information?

is it valid news? :)

The pbmining thread has been like that for as long as I remember. I think the latest general panic is that the owner hasn't posted in the forum in last few days and they had a bug on the dashboard that displayed only 10% of the hashing power customers purchased.  A payment came through on saturday and the gh/s that I have displayed accurate this morning, so I think it's just the community reacting back.

pbmining is very odd, they have a large customer base with very low trust at the same time. Gaw seems to be getting there as well, they lost a huge amount of trust with this new hashstaker thing they started.

More drama and more doom preaching. Come back with this thread once they stop paying people.

Any cloud mining service that flat-out refuses to provide any evidence of their legitimacy should be considered a scam and avoided.

thanks for the heads up, i was just looking for accounts to buy thinking i was missing out on mining..

but im conflicted because people are still getting paid?

I think this should be everyone's personal choice. Evidence equals more legitimacy and more happy clients, but lack of evidence doesn't have to equal scam.
You have to assess the risk before investing, that's all.

Why would a legitimate service refuse to provide such evidence given that such actions are guaranteed to drive away a lot of potential customers?

There can be many reasons. Money laundering and tax evasion are first things that come to my mind.

Then they wouldn't be legitimate services.

I think its better to just go with hashnest thats actually by an asic company, or something similar.

I noticed people are really trying to jump ship and sell them, theres like a couple threads trying to sell for the initial costed them in btc.

I don't think this is a valid reason not to trade pbmining accounts. If there is a good chance that their ponzi will collapse then it may be beneficial for an account holder/owner to sell their account to avoid a total loss while someone may want to buy an account in order to realize a better ROI in the event they do not collapse in the near future (and would effectively be betting as such)

If you sell while knowing it's a ponzi, you're just as bad, because you will sell to an unknowing person...

Yeah only far less then it should be, the end is problaby near

this guy is trying to get rid of his for .79 btc.. like wtf the value doesnt even come close to that..

https://bitcointalk.org/index.php?topic=883056.0

let the rip off game begin..

Don't buy any PB Mining accounts anymore, sounds like they're planning to close up shop and give customers back what they can.

See here: https://bitcointalk.org/index.php?topic=887871.0

No one really (except the people behind PBmining) knows if they are actually a ponzi or not (although it now looks like they most likely are one). It is the buyer's responsibility to do their due dilligance prior to doing any transaction to ensure what they are buying is a good deal/worth the risk.

i will pay attention for this , thanks

Now a good time?

as well as the seller, you're just as bad if you sell willingly fraudelent acounts

So far less payments then it should be is ok to you?

I disagree. The seller does not know if they are running a ponzi. All the seller really has access to is the fact that they are receiving "x" amount per week as what is claimed to be mining proceeds

And that faulty reasoning is exactly why the world is as it is, no-one cares about another, just as long as he doesn't take a loss.. just like corporate life...

The reasoning is not faulty. There will always be allegations that a particular company is a 'ponzi' especially in the world of bitcoin. Just because there are allegations does not mean they are substantiated 

even though theres a thread stating dont buy or sell. I see lots of people in the digitial goods area getting rid of their pbmining and a bunch trying to buy in..

i guess some people just want to flip it quick?

I believe the mining is a lot more off than 10% it's more around or less than 5% of what it should be... 1 GH/week is showing up as ~400sat right now at PBmining compare that with coinwarz calculator at 8799sats/GH week.

It will be interesting to see this weeks payouts from PBmining. And I never judge a company before they fail completely but this is not looking good. The payouts already were suspicious last week (they were lower although bitcoin difficulty had decreased which means they should have paid out more not less than previous week).

People are trying to cut their losses, at the expence of their fellow bitcoiners, or noobs, I find it shamefull

Its no different than trying to make a profit, 'at the expense of their fellow bitcoiners, or noobs'. Which is precisely what investing in a ponzi is.
Or for that matter, promoting one through paid signatures and the like.

This is why Most cloudmining companies are ponzi scams. (https://bitcointalk.org/index.php?topic=878387.msg9697654)
#puppet4lyfe
#masterscub

Ummmm.......is now a good time to come back to the thread?