Title: PBMining.com, a ponzi scheme? Post by: raskul on December 05, 2014, 04:14:26 PM Of late, customers of PBMining - the 'cloud mining service' have noticed reductions in payouts, amidst continual rebuttal from user pbmining (https://bitcointalk.org/index.php?action=profile;u=195208) that he was not prepared to give out business details or answer any questions regarding how the payout figures are reached.
When i asked pbmining about the calculations made to produce the weekly payouts, I got this as a retort: Code: [quote author=raskul link=topic=418183.msg9743441#msg9743441 date=1417740319] A - B = C Here are the facts, as disclosed by another forum member on their thread; https://bitcointalk.org/index.php?topic=418183.msg4539992#msg4539992 Quote Well, ISC is a PITA and just moving your mouse around costs cash, but it has some interesting information on there. One of those companies caught my eye, specifically "Digital Mining Store". Some quick searching turned up a Wordpress site with an Asicminer USB stick on it. Say, didn't PBmining's eBay account used to sell Block Eruptors? http://digitalminingstore.wordpress.com/ Another link takes us to the Saskatchewan Gazette (http://www.qp.gov.sk.ca/documents/gazette/part1/2013/G1201334.pdf), where we can see that Digital Mining Store was registered as a Sole Proprietorship on Aug 7th, 2013. The address is 314 33rd St, Saskatoon. Doesn't mean anything though, so let's pull out the CC and get that registration. https://drive.google.com/file/d/0B-h65PZOjaekYlpNLTBSMGhvYms/view?usp=sharing Well, that's disappointing. Turns out it's some guy named Jason Boyko. Before we pass that one off, let's try a couple more things first. Let's see who owns 314 33rd St. http://i59.tinypic.com/2eb4xlj.png Seems it's a couple people named Ryckenboer. That doesn't help. Code: facebook details redacted So, we know Jason Boyko owns Digital Mining Store and lives in a house owned by someone else, but that's about it. Nothing to connect it to PB Mining at all. Let's just do a quick check here got "pbmining" and "digital mining"... http://www.ebay.com/itm/Pbmining-1-GH-for-5-YEARS-Comes-with-LIVE-Mining-Dashboard-The-BTC-miner-/111254851862 http://cloudminingreport.com/reviews/pb-mining-the-cheapest-ghs-for-bitcoin-cloud-mining/ Quote WHO WE ARE Well, that settles that.Digital Mining (“We”) operate the company Piggyback Mining (PB Mining). We are registered in Saskatoon, Canada. Our Ebay name is SaskatoonRoxy. At least when this all goes under, you know who to sue. Unfortunately they don't allow Canadian customers anymore, so it'll be tougher to find a local to push it through. PBMining currently shows slightly over 54PH/s mining for it's customers. I put it to this community that they are running a massive ponzi scheme and are not in fact, mining 4284TH/s as stated on their homepage pbminingDOTcom please discuss. Title: Re: PBMining.com, a ponzi scheme? Post by: darkangel11 on December 05, 2014, 04:33:14 PM I put it to this community that they are running a massive ponzi scheme and are not in fact, mining 4284TH/s as stated on their homepage If you "put it to this comunity" it should be in "service discussion" not "scam accusations". Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 06, 2014, 09:08:08 AM i put it to this community that PBMining are running a ponzi scam. ::)
Title: Re: PBMining.com, a ponzi scheme? Post by: segvec on December 06, 2014, 09:32:36 AM Interesting scenario here.
Good detective work. Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 06, 2014, 09:40:26 AM Interesting scenario here. Good detective work. i can't take credit for the detective work, that honour is all MrTeal's. Title: Re: PBMining.com, a ponzi scheme? Post by: gkv9 on December 06, 2014, 10:57:14 AM Lolz, if they really do have that much mining power, then they would be making at least BTC600-BTC800 per day easily... Do they really pay out their members? As this really seems to be a HYIP and nothing more than that...
Title: Re: PBMining.com, a ponzi scheme? Post by: thehybrid on December 06, 2014, 05:10:28 PM if you look at the service announcement across the board most are one.
you can check it out, they listed all on a excel fil and did a rating system https://bitcointalk.org/index.php?topic=846407.0 Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 06, 2014, 10:43:25 PM The pbmining service discussion thread is now locked
https://bitcointalk.org/index.php?topic=418183.msg9761738#msg9761738 Title: Re: PBMining.com, a ponzi scheme? Post by: drcore on December 06, 2014, 11:22:52 PM wow, so they have no response to this at all? lol.
Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 07, 2014, 05:48:43 AM wow, so they have no response to this at all? lol. Fraud complaints have been made to the relevant authorities. Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 07, 2014, 07:18:25 AM so, i note that my credit earnings stats have reset this morning in my account.
payout for the week should be ~ 0.047 will update when/if payment hits my wallet. --- to follow --- Title: Re: PBMining.com, a ponzi scheme? Post by: captainwire on December 07, 2014, 08:06:11 AM im sure the payment will be delivered, since most arent complaining about getting paid.
i think its more on the suspicious facility thats non existent w. no hardware to show etc, and other things like payment formula can be changed at anytime they choose. Title: Re: PBMining.com, a ponzi scheme? Post by: raskul on December 07, 2014, 10:12:44 AM this thread is now locked. please see
https://bitcointalk.org/index.php?topic=885224.msg9763011#msg9763011 |