Bitcoin Forum

OK so I'm going to be honest, I have my eggs in one basket, the PBMining basket, I'm worried it's a sinking ship that many on here are saying has sunk already the customers just don't know it yet as they are buying time.

Can I please get an update on this? What do people know? Where is it going? Is it recoverable?

Of course I've messaged them direct but with zero success despite the fact they have been online since my emails have been sent.

I understand they will be very popular at the moment for all the wrong reasons but they need to give us something more, it's not like we can sell the gh/s like on cex.io and get the hell out, we are stuck here on this ship right in the cargo hold with all the TNT.

According to this thread (https://bitcointalk.org/index.php?topic=887871.0d), it sounds like PB Mining is rolling things down, and will begin to compensate customers in January for contracts that they've purchased.

Read through that thread as well as some of the other PBMining threads here and you can see everything that's currently going on. But I think the biggest news right now is the thread I linked to above.

If I get my investment back at the price I paid for the gh/s then I will consider myself lucky and seriously research my next investment. I regret to say that I doubt this will happen.

I'm looking at threads surrounding this topic and I'm seeing the word ponzi a lot, also a conspiracy or two shining through about the government's being at the helm of these companies to prove to the public that they are needed along with their currency.

The latter makes no sense because why would they set something up which would cause them problems and put doubt on their original currency? Unless they jumped on the wagon whilst it was moving and this is their tactics to stop the wagon, slash the tyres, steal the engine and sell the rest for scrap metal?

There is plenty of food for thought, I just hope being selfish that I am not just another casualty.

It's likely they will return your money next month. You have to wait and see how it goes, good luck.

Likely???

You're very optimistic aren't you, I wish I shared your enthusiasm but I do not.

I do however hope that you are right, I shall be watching my account very closely to see what transpires.

I have a horrible feeling it's going to be a whole load of nothing, no communication, no location known, no payouts......just.......nothing!!!

Since it's a ponzi, there can't be enough money/btc to compensate everyone....

the CEO is out i guess  ::)

and gawscamminer will follow

That is just a Scam now

Bad for investers  :(

PBMining's No 1 customer now claiming he/she has been paid back in full today:

https://bitcointalk.org/index.php?action=profile;u=76575;sa=showPosts

IMO I am still not too sure I will see any of my investment returned as I usually feel that top investors in cloud mining companies are the owners themselves.

I think it's probably a fake account, I don't think they repaid investments yet...

They'll do something like Mt.gox and vanish ;D

shits just getting real, thats whats happening, the warninigs been going on for over 4 months ago.

and some saw it coming a year ago since they launched.

Yeah unfortunately it's all they have been talking about "I told you so, I told you so" etc etc

Doesn't change the fact that a lot of people are in limbo with their investment and cannot sell gh/s or their accounts

That guy is a shill. Account registered in 2012 but no posts until a couple days ago?

In his first post he's TorukMakto with 12.000+ GHS.
Now he's TorukMakto with 12240 GHS and customer 22537 with 112856 GHS.
BS.

Yeah that's the bit that makes me think he's a crook, why not state who he was from his first post, and why only post in the last few days?

The panicking started because his private info is known now, so he got worried lol, hope he gets what he deserves...

Why the long wait until January before repayments start for the majority, massive stall tactic to buy time??

Hopefully in that time enough files of fraud will be submitted and he will be stopped in his tracks.

How does it usually work if assets are seized? What time frame if any would we be looking at to get reimbursed?

yeah i would be panicking too, if someone had all my personal info laid out across this board.

knowing im a potential target and my family, if I had one. but this is poor decisions on his part on screwing with others finance and now this is just a reaction. if I was in in his shoes, id pay it all back.

i mean what if i a non professional hitman comes at my door and shoots my mom.

No one's going to shoot this guy's mom. No one did anything to Pirate@40. No one's done anything to the BFL guys. No one's gone after AMT, or Mark Karpeles, or any of the other people who have stolen hundreds of thousands or millions.
99% of the people he's stolen from (even the big dollar ones) won't even bother filing a police report.

MrTeal has kindly created a simple form to fill out to enable him to compile data from victims of pbmining, I urge as many as possible to fill it out to ensure we are speaking with one loud voice to the correct people

Hi, Im the customer #: 35744, my username at your site is ultrahashbasestock.

Account Details
Customer #: 35744
Username: ultrahashbasestock
Join Date: 05-11-2014
Last Login: 10-12-2014
Fullname: HASH ULTRA
E-Mail: ultrahashbasestock@gmail.com
Payout Address: 1NF4MCnKpGEigxoZDKnec1xEhk4WiU3wKY

How can I do to cancel my contracts with PBMINING? I wanna back my btc invested in the two contracts. Two contracts for a total of 1500Ghs, please send me back my investment and cancel this mining contract asap.

Thanks and regards,

Bob Marth

UHBS it will do you zero benefit posting your customer details here, I understand your frustration but I highly doubt pbmining will read it, take note and refund based solely on your post.

Please read other threads and links posted with advice on courses of action to take

just asking do you have contract with pbmining ?

Hope people are ready for the influx in posts we are surely going to get after PB either pay out the 10% accounts are currently hashing at or payout nothing at all.

Either way, the PB customers that have not yet noticed surely will tomorrow when they expect their normal payment.

As a side note, Zeushash.com has stopped paying out daily mining rewards.  A double whammy for those who have invested in both these services.  Two consecutive days now have been missed:

https://zeusminer.com/forums/topic/no-deposit-today/

most people should already sense the services thread to be locked as a heads up.

then check here about whats going on, if they know enough around the forum. If not, its going to be a rude awakening for some folks.

Zeus is way to expensive anyway :)

Looks like PBmining was online looking and laughing at all the posts:

Name:   PBmining
Posts:   720
Activity:   364
Position:   Sr. Member
Date Registered:   December 19, 2013, 01:27:47 AM
Last Active:   December 13, 2014, 07:24:08 AM

I'm not surprised they didn't reply or open up conversation to anyone

Come on now, you and I both know we're not getting a payment, sad but true

PBmining have finally broke the silence............

PBMining Admin
To   me Today at 7:39 PM
Trying to recover as best it can, please be patient! I will do the best I
can and Sorry for any grief this is caused from poor return performance

*This is an automated message.  *

I doubt this is an automated message but at least he's talking

I just received a payment for 0.0013 when my usual weekly payment was 0.025.  :'(

Yeah the payments are a lot less for sure, somewhere between 5-10% people have been reporting. I guess all we can hope is that either payments increase or BTC starts getting distributed.

I don't think that was automated reply either, maybe a good sign you at least got a reply. I didn't get one when I asked about my account and what was going to happen.

Pbmining said that they will come out with a solution on January. So yeah just wait for another week and you will get your answer. In the meantime, just enjoy your Christmas :)

Yep.. That's good idea just enjoying Christmas.. in my opinion PB just want to have more time to clean shit and run away..

Damn finally someone speaking some reality check. I dont get why some people are going to get their btc back. Once its sent, poof nothing, zero, zip.

They never really showed their hardware, also mixing coins as well.

But there can be next step to get MORE time.. they can give back some small amounts of btc just to give people hope.. and after next month of playing bye bye..

January will come and the silence will continue to cause more outrage....OR....the explanation given in January will not be acceptable to the waiting customers and cause another wave of outrage in the few threads covering the topic. Either way, more outrage to follow

But everyone expect New Year miracle.. Let's give a try. Maybe this business is not so bad.. :)

Are you serious? There are multiple people who claim pbmining been a ponzi for awhile. You need to check the other threads like under scam accusation and you`ll see pbmining as one of them.

So many people lost their btc, and I doubt you`ll see anything if you do put anything now since its collapsed.

A group of people claiming a company is a ponzi isn't by any means a proof. A proof in this case could be their announced closure and payout delays, but don't blindly trust opinions, especially because a number of people on this forum think all cloud minings are ponzis and all altcoins are scams ;)

Pbmining was always fishy but a lot of people like myself already made ROI. You always have to approach most online cloud mining that is not from a reputable defined asic company with caution. They paid a lot of people out for almost a year now Pbmining is dead. If you think we are going to get refunds keep dreaming. In an ideal world but not this one.

Yep. That's exactly what I wanted to write. Service is still working, pay less, but still works.

No, i'm not dreaming. My guess is that now they just play to get more time and in January will fall. Fact is that service still works .. nothing more.

presently i will just say the cloudmining(PBMining, or any other) are not profitable :( BTC i will suggest don't waste time on it or just prove me wrong

Wrong address :) you have to talk with owners of this services..

At this point your still claiming this isnt a ponzi?

Why is it every collapsed and probable Ponzi i have read about on this forum your there defending them claiming its not really a scam?  Are you running some of them or just an early investor who knows it was a ponzi trying to keep them alive as long as possible so you can profit?

A group of people claiming that pink unicorns dont exist isn't by any means a proof.
In fact you can not possibly prove they dont exist. Does that mean they are real?

The exact same thing applies to mining hardware backing cloud mining contracts. While trivial to prove, no one can disprove their existence. But if there is as little proof for their existence as there is for the existence of pink unicorns, you have to be bonkers to assume them to be real. Bonkers or a scammer trying to sell pink unicorn droppings or cloudmining contracts.


Actually, that wouldnt prove anything, other than its likely a scam, but assuming it did, please note its only possible to provide that kind of evidence after the collapse, when it helps no one. So stop asking for impossible proof of non existence (ponzi claims), and begin asking for proof of existence from the cloudmining services.

Yet again another week passes and another bunch of 1% payouts which is scandalous, and once again PBMining have paid themselves £ 259.84 (1.28140148 BTC) of the total transactions £ 652.17 (3.21612684 BTC)

https://blockchain.info/tx/727efe340734805842cf349199131a36ed21d60765c1a108a21e615a9249bd24

Again, I have changed the value to GBP as it's easier to spot the transaction mid-way down the block.

1PbmSnnLiD7FGH4fSdPh4tUiAMTsaDK63R

PAID £ 259.84 (1.28140148 BTC) TO:

1PbmSnnLiD7FGH4fSdPh4tUiAMTsaDK63R

You apparently haven't got any clue of how bitcoin transactions work.
Here is an introductory course for you, by Kahn Academy :
https://www.youtube.com/watch?v=9-9_v1wSPBQ

Maybe because it's not until the one who claims it is brings evidence...

You can trace payouts coming from payins. What more do you want???

No, you can't.

Flying pink unicorns are for real. Prove me wrong.

I emailed pb mining and got this response:


PBMining Admin 
 

Dec 24 (5 days ago)

to me

 


pb mining is currently a failing business and a recovery is trying to be made. if you feel you have suffered a loss i am sincerely sorry, our losses are very large as well. there are thousands of customers affected by this.  other options are also being looked at for sources of recovery.


*This is an automated message.  *

What they are trying to tell you is: you lost money, we lost money, it's all good.  ;)
Let's hope they manage to pay back what they owe.

Well, at least they replied.  I guess we're calling this one case closed.   :(

I never thought this was a scam afterall.. I bought a contract with them after cex.io become highly unprofitable due to high fees.. (i had negative income). Anyway, everything was rather OK until mid december when payments stoped. And I received the last day a payment of 0.00006684 BTC for 3 weeks of mining. It's absurd! :))

As far as I'm aware, nobody's payments have "stopped" they have gone down to around 1% of expected payments but they have not stopped yet.

ok that's all
--------------------------------------_--------_---------------------------------------------------------_----------——--------
it is the end of line nobody will post anything.of it

srsly? why are you digging up old threads? bored?

gonna lock this, no point in discussing old scam news

Was gonna lock it but as it's been pointed out to me the website is still up and people are still being paid "fairy dust" there is still a need to converse about it so thread shall remain open for now, when it becomes completely irrelevant I shall lock the thread.

So I also have 3 different pbmining contracts.  I have repeatedly attempted contact and gotten no reply in months.  Is there anything going on as far as investment recovery?  I am contacting the RCMP Fraud Unit this week, and I need to know anything that is going on with this ongoing problem!!! My mines went from producing $50.00usd a week to producing around $0.03usd a week.  I need help!