Bitcoin Forum

To summarize, it's now been discovered that the owner of pbmining (Jason Boyko) created a phishing site (blockkchain.info) about a month before creating his extremely shady, zero transparency cloudmining company.

Proof:






Looks like he tried to fake the registrar data after realizing it might have been a bad idea to use his real name when registering a domain for his scam. The updated info says the domain was created on May 16, 2014, but he was clearly already scamming by November 20th of last year: https://web.archive.org/web/20131120014143/http://blockkchain.info/




Credit to Mr. Teal, Warren Buffet, and Puppet for finding the info.

Bonus:

https://bitiodine.net/a2a/1BaconNYiSsZoq79K9LuEEp7RyGjKuwodJ/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1HammmJ8zaGVHicRxTPRDMdfGCujrfZc8y/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PBackwRV1rHvDpqkYRTR9WCEEEMEwuSrJ/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Bacon6DCo11jrXMvm39sgTxhRG9bRjQWy/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1FeedQtUArhfWVGuVH13dX8dbf5XqqqJSq/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Porky8h4XMoM1RbtTHe7ZpPAe7DpE79Hb/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1BaconH9L8CQ9eGJkjDqN28Pw8v8Rzbp6f/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1Bacont6QxTg3SxfqEG5gfiqefGMCeSNqs/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PiGgYR36C3VdCP9k2zQLrp1ZvDQNdQsre/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1BaconV3vARfyvKDMCbfZ5rE6acstH6GFV/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z
https://bitiodine.net/a2a/1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

These are instances where pbmining was using new investor funds to payout "mining earnings". This doesn't happen anymore because they began running all purchases/payments through a coinmixer.

The blockk site doesn't work and Chrome for some reason suggests to go to a cached version of blockchaim.info

Is that one also his?

And what was there on those sites, a replica of blockchain.info? The archive copy doesn't show much.

You mean when you search for blockkchain.info on google right?

Looking at the whois I don't see any connection so I'm guessing it's just another phishing site.


Yep. The archived copy is missing CSS which is why it looks weird.

So how is it definitive? Sorry just not seeing the correlation like I do with GAW and that thread. Love to know and I have 0 investment with them. Cheers!

How does someone making a phishing site prove his cloud mining is a scam? You counted your chickens too early calling it "definitive proof" ::)

I meant my Chrome browser was showing it on its error page, but I guess it's pulling the first result from Google.

I've changed the title to make it more accurate.

I suppose it is possible he decided to create a legit mining operation only a month after creating a phishing site, but I think that's a bit of a stretch.

Wow, great work jimmothy   well done man.

might want to change it to 'was'

Can't you pretty much put any/random information when registering a domain? (I may be wrong on this).

Do you think it would be possible that the person who registered he fishing site used PBmining's info to make them look bad?

I know that there are a large number of cloud mining sites that probably are a scam one way or another. Short of having a whistleblower inside the company I don't think anyone is going to be able to provide proof of such until they decide to scam and stop paying.

While it's a bit misleading to have pbmining in the title sort of implying that pbmining is a scam too (which it might or might not be), but I wouldn't go as far as saying "was a scammer". If I steal something, I'm a thief. If I stop stealing tomorrow am I not a thief anymore? Maybe "was scamming" would be more appropriate.

That is technically a possibility, but if I understand it correctly the address wasn't easily obtainable and it would be a very weird way to frame somebody, seeing how long ago it was and nobody bothered to make it public until now.

Well another possibility is that they purchased the domain with the intention of having it redirect to their pbmining website. Although this would be questionable in regards to ethics, it would be far from scamming. (does anyone have evidence this is one of many blockchain.info phishing sites?).

I think the person who can prove that a major cloud mining company is scamming will receive a level of trust and respect that cannot be manipulated, and as a result many people spend a lot of effort trying to uncover evidence of such.

I personally think that most/many of the cloud mining companies are scamming, and would not trust any of them with my money, however I do not think this is proof they are a scam (or that they were a scam, or that their founder scammed in the past) 

yes... i would say taking out definitive proof and replacing it with possible proof... and then is a scammer would have to be changed to was scamming
so... possible proof the pbmining owner was scamming
that would be accurate
could add in maybe even ;/
possible proof the pbmining owner was maybe scamming

Yes, but I don't think you can't fake archives.


pbmining didn't exist until 1-2 months after the phishing website was created. They had an ebay account some time before that, but why would a scammer want to steal the identity of a random ebayer who sold a few usb miners?

As you said, they could have used any name/address/info so why not make it look like blockchain.info's registrar data? Seems like a scamming fail to me.

I don't think it's fake because it would be an incredibly elaborate hoax to pull off considering how well the info about pbmining is hidden.

If you put fake/random information when registering the domain, wouldn't the archive show the fake information?
Do you have an archive of the actual site? Like I said above, I might speculate that PB mining was registering a domain that would redirect to their cloud mining website. Or maybe they he was domain harvesting. Just because he has a close name to 'blockchain.info' does not mean he used it to scam.

I am really playing devils advocate here. I don't think there is enough that would show that PB mining is trustworthy enough for me to trust them with my money while entering a 5 year agreement.

https://web.archive.org/web/20131120014143/http://blockkchain.info/

This is the archive I'm talking about which was captured on Nov 20 2013 (about two weeks after the site was registered).

I am not familiar with what blockchain.info looked like back then, but I would say it is safe to say this would probably be enough to say it was a phishing site (although it does look very different then it does now).

There is still the possibility that it was registered by someone who was not best friends of the founder of PB mining.

Also just because the founder was scamming does not mean PBmining itself is a scam (although I still think it probably is). For example one of the founders/officers of BFL was a felon (he ran something to do with gambling that was illegal) but I don't think the fact that BFL was a scam had anything to do with him.

PBMining has stopped sending out full payments. They are skimming the payouts. They are now absolutely confirmed as a scam.

:facepalm: Hell that deserves a :doublefacepalm:

One of the founders of BFL was a felon who scammed little old ladies out of their pension money with a mail based lotteries scam but i doubt that has anything to do with the fact that BFL turned out to be a massive pre-order scam is your argument why running a phishing site isnt proof that the guys running a scam now :lol:

pb mining smell a scam from the beginning sorry for all the guys invest there

Hahahaha, yeah :)

Well done man!

I chased four scammers this past week myself. Rarely is the proof so elegant.

Very interesting that this should come up now.  I have an investment in PBMining and always thought that they paid low. 

Well, I went out to check my payout for this week and it says it was paid out at 22:51.  Well, here it is over two hours later and my wallet has yet to have it. 

Wonder.  Sent him an email, but I have done that before and seldom get a response.  We will see.

you need to wait 100 years until they reply your email mate :)

Look at the source code. Jason even didnt bother to remove parts like this:
<!-- Mirrored from blockchain.info/wallet/login by HTTrack Website Copier/3.x [XR&CO'2010], Tue, 26 Mar 2013 00:58:15 GMT -->

It was a straight copy from blockchain.info and would have looked 100% identical with the CSS files that archive.org doesnt store. And judging by the date of the image, it probably wasnt his first phishing site either.

thanks for compiling a concise report jimmothy.

wow so ponzi backed mining turned out to be a ponzi scam...... who would have ever have guessed that?!?

well,something must be going on today.  this has never happened before with pbmining and me.  still have not gotten a payout.

does anyone else have pbmining and did you get a payout?

Nobody got paid today.

some here, still waiting for my payout and have the feeling, I might wait forever...

No payout here, although stats say payout and amo0unt has been deducted.....:-((((

Have 6137 GHS here........grrrrrrrrrrrrrrr

You guys did well in exposing him.
However, this might force him to stop paying altogether.
A lot of people might lose their investment if he really does close shop, but it will prevent more people from buying invisible GHs from him.

No payout for me too...

So what will be to do next?

What will do the big fishes , in global stats page?

The top 30 customers has 1.5 PHS (1500 THS) hash power, nearly worth for 2400 BTC nearly 1 Million DOLLARS.

i think pbmining must share what btc he has left to the customers according to their hashpower..

or this will end very sad for him..  We are talking about a loss of 5 Million $ here.

has been working like tic-toc for me, payment is due today but not received, and the day is not over yet. the payments are low but then it is 5 years contract, many things can happen in 5 years

LOL

you're not he only one .

No payment today.

Anyway if it's a scam , it's sad but not dramatic . I have ROIed .

wait and see

 

That is the exact mentality that enables a ponzi to be successful , your ROI probably equates other peoples loss

Can any Canadians give him a call  :P

'Hello, I seem to be missing a certain payout...'

Well I think he's not alone in this, possibly the girlfriend is in on it but we don't know anything much.

So, perhaps something like

Hi friend or family, we are trying to find someone in connection with what could be the biggest deceptions ever by selling shares of something that doesn't exist, by putting up a website and creating a buzz about paying for something that just doesn't exist.  However he/they did pay a return each week on Sunday until today when his identity was possibly confirmed and then decided to 'hide' themselves.  So just to give you an idea, he/they have 6,969 customers that have been paid over 8,500 bitcoins (today be worth a couple of million dollars) but that's a small proportion to what they really have invested.  Do you know the whereabouts of xx as we like to hear if he has any connection to this?

Hmmm, interesting. I thought it strange that when I went to purchase another contract on Saturday, the site said "Our hash power is currently sold out". If he was scamming, wouldn't he still be selling, to steal even more BTC before trying to get a way with it?

I will wait to see if the payment is made today/tomorrow before I start making plans to go find him......before the authorities do.

If the authorities do catch him, well, I guess I will have wait, and send a limo to go pick him up from jail on the day of his release.

Who wants to go in on a group buy of cigarettes? They will be used to pay off his cell mates, to make sure he gets a nice a$$ f**king and raspberry strudel every day in prison.

scammer or not - ponzi or not - at least today's coins have just arrived...

dhj.

finally received my bitcoins, although much to late. curious if the founder is on the run trying to buy himself some time 

I have removed 'some' of the items I looked into because 'they' made a payment.  Now that we know who behind pbmining, I am gonna ask them to Open up more as it will stop this witchhunt that has happened today.  I also urge them to possibly engage us with future plans and be honest and frank about their financial situation.  Could we help in some way? if you want to reduce the payouts because it is not working, talk to us.  If it is just a rotating numbers website, then perhaps with the remaining money you have you can find a way of turning yourself into a true mining website and if it is, perhaps enlighten us to your mining operations.  I think time is right to be less transparent, see how GAWminers is handling the situation, they are indeed having Google Hangouts presently!  So I apologize for researching you but I cannot pretend that their others here with greater investments that may have put it all on the line and relying on it so close the xmas.

While you are there, also ask why we are getting 10% less of what is being (statistically) mined.

But don't be disappointed if they won't answer: I sent a mail asking this one week ago, and no answer.

Because no miner can give u the exact statistical amount. If you dont believe my word, buy a cheap miner and try yourself. Moreover, the so called legit miners like AM hash, CEX.io gives u even lower payout than this.

https://blockchain.info/address/1PBMyo8kLhwtxKdNwSdjwvA377D6M5EgzS

this is what he has mined. in your opinion does it measure up to what he is expected to pay out on a weekly basis?

THats not what he mined. 98% of those coins dont even come from mining. There is like a few satoshi there from pools and 2 BTC from eligius. The rest is sales of contracts.

i see. even if it had been, still nowhere close.

Confirmed, just received payout also.

If the owner of PBmining happens to read this thread, now might be a good time to revel identity. Because if you are not, and/or are not planning to run scams, nobody that has half a brain will be re-investing with you anytime soon after reading this thread. You have a lot to gain, and nothing to lose. Not unless your wanted by authorities for some other previous crimes, than you may be in a bit of a pickle.

On a side note: I have noticed that many BTC related website owners are reluctant to reveal identity when asking the general public to send them money. Why is that? Are they afraid of their government coming to steal all of their profits? Or is it because they don't want anyone to know they are a huge dork living in their parents basement? I could really care less if the latter is the truth, as long as that person keeps sending me profits. I would even go as far to make sure mommy keeps supplying a fresh supply of milk n cookies every day.

Here is a news flash for anyone worried that the government will come take your profits. THEY WILL GET IT NO MATTER WHAT. If not legally by taxes, they will drum up some bogus laws to come "legally" steal it from you, and than "legally" throw you in jail. So you may as well just pay up now, and save yourself from prison time later on. Throw em a bone, n they leave you alone. Unless your willing to pack up and live on some tax haven island, you gotta pay to play.

Do we know that bitiodine is reliable at all? Paying investors with their own money would be quite obvius if it's a ponzi but I think that they would have been using a mixer from the start.

It's reliable. You can click on the addresses/transactions and it will take you to blockr.io. (which can be compared to other blockchain explorers)

You would think paying out "mining earnings" with btc from new customer purchases would be an obvious indicator of a ponzi but many don't see it that way. They are able to convince themselves that it's possible or even likely that the company has a secret mining address which is mysteriously never used for payouts.

PBMining is purely Scam.
PBMining is just skimming the payouts and the payout history is the proof!!!

Have a look at this payout history:

Payout on 2014-11-16 (2339.5 GH/s at Difficulty 39603666252.4):
0.2138679 BTC out of 0.20795672 BTC (lost +0.00591118 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-11-23 (2339.5 GH/s at Difficulty 40300030327.9):
0.19793207 BTC out of 0.20436333 BTC (lost -0.00643126 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-11-30 (2339.5 GH/s at Difficulty 40300030327.9):
0.18330298 BTC out of 0.20436333 BTC (lost -0.02106035 BTC compared to alloscomp.com/bitcoin/calculator)

Payout on 2014-12-07 (2339.5 GH/s at Difficulty 40007470271.3):
0.17350634 BTC out of 0.20585777 BTC (lost -0.03235143 BTC compared to alloscomp.com/bitcoin/calculator)




PBMining is paying BTC, but they rob/steal 15% on every payout. So investing in this ponzi scam is a very bad invest.

Not for PB mining, but an any operation that pays out in btc and sells scrypt, being paid out from the wallet that accumulates customer purchases does make sense, (as long as that same address is also funded by external sources, (( the hypothetical scrypt coins being mined and sold)))

I woke up and there is my payout, PBMining still alive and has paid the payout!  8)

can somebody pm me actual info - facebook, other people that associate with this guy that may be able to reason with him

thanks for this thread.. this just makes me re-think about pbmining.. and other sites out there.

that payment formula is so bad.. 15% skimming.. srsly wtf.

I don't give a damn about 15% skimming or what so ever, I'm all in as long as it takes me to reasonable profit.

What about when he randomly increases the skimming to 25%? Then 50%? Then 99%?

I did some calculating.  Now I know all miners are different and we don't know the "age" of his equipment.  But I used 4 different Bitcoin calculators to estimate what I should get for the 763 ghs I have which were pretty close to the same.

Now, these are just examples and I realize that in no way without knowing his equipment, etc. and what the calculators use for "equipment" we may not be comparing apples to apples, but here goes.


I got 0.05370662 BTC for the 763 ghs.  So I am being shorted about .014 BTC which to me is not a little amount.  Taking the lowest of the calculations, that means we are getting about 80% of what we should be getting (.05370662/.06713805 = 79.99%)
Following are the results for the four calculators:

40,007,470,271 is what all four say the difficulty is for this week.
1.  https://bitcoinwisdom.com/bitcoin/difficulty   .06714
2.  http://www.bitcoinx.com/profit
  (had to put in the proper difficulty)  Calculation says .0096 bitcoins a day which is .0672 bitcoins a week.
3.  https://alloscomp.com/bitcoin/calculator    0.06713805 BTC They also project with lower difficulty next week it will be 0.07091265 BTC
4. http://coinbrief.net/c/btc/mining/    0.06713908

From sunday on, they pay just 10% out of the amount stated on alloscomp.com/bitcoin/calculator !!!
PBMining is purely scam.

yeah me too :( i think it is over with pbmining

I did some calculating.  Now I know all miners are different and we don't know the "age" of his equipment.  But I used 4 different Bitcoin calculators to estimate what I should get for the 763 ghs I have which were pretty close to the same.

Now, these are just examples and I realize that in no way without knowing his equipment, etc. and what the calculators use for "equipment" we may not be comparing apples to apples, but here goes.


I got 0.05370662 BTC for the 763 ghs.  So I am being shorted about .014 BTC which to me is not a little amount.  Taking the lowest of the calculations, that means we are getting about 80% of what we should be getting (.05370662/.06713805 = 79.99%)
Following are the results for the four calculators:

40,007,470,271 is what all four say the difficulty is for this week.
1.  https://bitcoinwisdom.com/bitcoin/difficulty   .06714
2.  http://www.bitcoinx.com/profit
  (had to put in the proper difficulty)  Calculation says .0096 bitcoins a day which is .0672 bitcoins a week.
3.  https://alloscomp.com/bitcoin/calculator    0.06713805 BTC They also project with lower difficulty next week it will be 0.07091265 BTC
4. http://coinbrief.net/c/btc/mining/    0.06713908

----------------------------------

THE ABOVE WAS FOR LAST WEEK---  RIGHT NOW FOR MY 763 GHS IT HAS MINED .00107589 FOR THE 27 HOURS SINCE THE PAYOUT. IF YOU CARRY THIS OUT, IT MEANS MY PAYOUT ON SUNDAY WILL BE .00753123 btc.

What I don't understand is why doesn't he just pull the plug if it is a scam rather than carry-on like this?  And if it is legit, than why the low rates (CONSIDERABLY LOW!!) all of a sudden.

payment received, but now only 10% mining results...

OK I have understood: PBmining iS a SCAM!

I just got my 24 hour payout from Bitcoin Cloud Services for 190 ghs.  It was for .00238830 btc.

hey guys i have news that is very very very good news-it will require that we contact some very large corporations and let them know they are doing business with a ponzi sceem. but some very large corporations will be able to be burned to the ground- how can i get this news out without tipping are hand to jason (but it is bigger than jason) WE DO HAVE SOME HUGE TRUE FACTS TO THROW IN SOME VERY IMPORTANT FACES , get excited-we will need to make a lot of phone calls to make sure we are heard-go get your track phones and put some minutes on them - then get them ready to call canada

i remarked that I am a journalist and you called me an idiot.
next you will be trying to give me $22,000,000 from a Nigerian prince.

you said not to contact anybody and just give up and dont try to collect , you said that the news would not be interested and that you knew this because you were a journalist, i then conceded that point and said fine. but you could be jason-jason was using 1 senoir account earlier. but now that i think about it a journalist would not be so adament about trying to stop others from contacting news companies, 100,000 dollars a week and still running is quit a news story... but who cares his family has big business ties, and those businesses are also trying to conduct business.and those businesses have customers and when the board meetings change from focusing on business to the 100's of callers every day that want ties severed between any corporation and a pb - things will get solved and fast- all people have the right to contact any business and tell them they are doing business that has relationships with a scam artist that is currently stealing about half a million a month- CONTRACT CANCELLED, buh by - u are jason or you want to see this

so show me. desk@thescribe.eu

bro, that site does not make you a journalist, u may have other things going on but omg- i cant stop myself- i keep getting more and more - i have so much now- it all came from the most unlikely source-i thought it wa just a fw companies that we could contact-i just found an organization that has strong comunity ties- they cant afford to go down as dark suppoters of this theif- i actually know how jay is leaving and from where?

desk@thescribe.eu is an email address.
methinks you are far too deep into the 'conspiracy theorist' rabbit hole to actually have anything substantial.
best wishes with your ranting, you sound as though you are high on drugs.

and please, i'm not your 'bro'

i guess we will see... ah and using the trigger word conspiracy to describe othre peoples research- yes then you are right. once again you favor not looking into anything. you say "just forget about it" hmm. why would that benefit you? why do u want people to stop? well if your saying i found fake companies then these companies wont exist and you wont have anything to worry about. and if i didnt find an organization with ties then you wont have anything to worry about. if your saying that pb didnt steal and you have your head baried in the sand then your right its a theory. but if their are companies that can be contacted that can be encouraged to stop related contracts, which is what i said from the start, and there are boards with members in which the person i am focusing on right now sists on then you are wrong. but i only put in about 24hrs. what have you done besides encourage people to take the loss and just try to stop it later but this time just please lose your money and be quit. why would you try to get people to shut up about it. there are some people very close to jay he will listen to. these people have a lot to lose. i doubt they will sit around and lose everything for him. we have the right to contact any business and ask them to end all contracts with people related to this pb thing. also board members should not elect people with ties to scams on said organization. i will confirm as best i can first. also i am wondering where have other people gotten so far

you have my email address, i'll wait the info.

Last weeks payout for me, I have 2994GH there.

I got 0.209 the week before i had 2824 GH  and got .212 and the week before that i had that again and was paid .214 so it slowly has been going down. Until this week where im on like .0058.

Sigh... money down the drain again.

While I commend you for wanting to go after our good friend Mr. Boyko, it kind of sounds like you're planning on calling up the employers of his friends and family. If that's the case, I don't think you're exactly taking the right approach here. Prior to going down that path it might be wise to actually try and contact the perpetrator.

agreed.

this is certainly not the way to go about this. the fraudster has, as far as we know not been working on his own, but that in no way puts blame onto any of his family. reports have been filed, so just let the proper authorities deal with it.

It's clear now that PBMining is a scam - why not just post what you know?

What kind of journalist are you?
A real one or just a content writer from one of the crypto blogs?

Bolded bit.

freelance photojournalist and owner of a news agency, regularly published in the UK national press and in Europe syndicating content via DPA.

clippings:
http://rgspix.com/RAGS.htm

Whelp, the main thread is locked.

They opened a 2nd thread here (https://bitcointalk.org/index.php?topic=887871.0;all) pretty much right after the "main" thread in services was locked (maybe to tell potential customers they are no longer offering a "service"?)

I would say that are most likely scamming, however not because of the reasons listed in the OP

So, you think they were legit and weren't running a ponzi, but now they've just decided to take advantage of the opportunity and run with their 4.5PH/s?

LOL no. I am just pointing out that they opened a thread for PBmining to be discussed.

As I mentioned above, it is my opinion the PB is most likely some kind of scam (they either ran away with their mining capacity or never had it in the first place - most likely one of the two), but them being a scam has probably has nothing to do with a fake blockchain.info site.

If there is anyone from or near London, could you please check out Bitcoin Cloud Services? They are located at 46-48 East Smithfield, Suite 313, London E1W 1AW. Their phone number is 44 116 326 COIN and their office hours are Mon-Fri 8:00 to 18:00 (BST). This info is right off their website.

I feel that they are legit, but I would just like to know for sure if they are and not like PBMining. I switched to them a few weeks ago when PB's payouts were dropping when difficulty was going down.

BCS has been great so far.  They pay daily and the payouts have been more than alloscomp.com predicts.  What I have been doing to increase my returns is every time I can buy a minimum contract with my mined coins I do. Right now I can buy a 50 gigahash contract every 2 to 3 days.  Sure is helping to rebuild what I lost with PB.

There is another outfit out of Brazil named GR Mining. They pay daily but they take 7.5% right off the top, which I didn't know when I bought 100 gigahashes from them. So far BCS hasn't taken anything from what's mined.

If after PB's fiasco, if anyone is still interested in cloud mining, I would suggest BCS, if we get a clean bill of health from one of our London friends.

You can check out BCS at https://www.bitcoincloudservices.com/?ref=3297. The referral link is my friend's who introduced me to BCS. If you sign up with BCS by using his link it will help him out greatly, and he really needs the help. Thanks.

The address is from a mail forwarding company and is shared by several 100, mostly scam operations.

Bitcoincloudservices and GR Mining  are "checked out" in the link in my signature. Both 100% scams, but Im sure you knew that.

Thanks for the insight.  Wish I had known about your post sooner.

im gutted put in $2000 6 days ago , what chance do you think of getting any of it back?

sorry for your loss.

I'am like you, invest 2200ghs last week,my first payout was at sunday...First,and the last...

Is that it then he just walks away with the money is there no chance of getting any back or is there anyone taking legal action

As far as I know, no one has started a civil case against him.

i'd be content to see the little shite in jail.

god damn... throwing out money like its nothing eh.

the chances are very slim, or pretty much next to none at all. consider it an expensive lesson learned.

I'll add it to my sig.

A few days ago I posted in another thread defending PBMining as I got my payout same time as always. Now things are not looking so good.

I am actually glad I am not heavily invested in cloud mining anyway.  :-\

Huge difference between a journalist and a stringer photographer, IMO.
Fyi, your website won't load properly. Can't view any of your tearsheets.

you haven't a clue mate, i do quite well in all of my businesses.
regards,

hey guys please call jason boykos local police 306 975 8300.... it would be good just to seethem get bogged with phone calls about this a-hole... its also fun to hear them pretend to be cops

I knew this was a scam as soon as I was checking out and it wanted me to agree I wasn't Canadian. I am Canadian, and the only logical reason I could think of for them to refuse to do business with me is that it would be much easier for a Canadian to sue them, or come after them in other ways.

I know, there is a bill in Canada that will be quoted, but if it's a concern, why is PB the only "cloud-miner" that refused to deal with Canadians? Why do we have so much BTC infrastructure here? Surely I'm not the only one who has seen the amount of mining that comes out of Canada.

Also why Sask? That seemed a bit unusual to me too. Surely if you were going to run a "cloud-mining" company you would want to be in a major hub where high speed internet is available. Such as Toronto. Sask is too remote in my opinion.

I didn't read Puppet's thread until recently, and after reading it, and my own experiences it's my honest opinion that all cloud-miners are scams, or might as well be. I've earned more playing Primedice, and renting rigs from MRR. Cloud-Mining doesn't even compare. To be able to make anything decent from this you need to put a good amount of starting capital in, and for the same amount of money you can just buy hardware and mine yourself. Before deciding to put in real money with anyone I did some playing around.

Honestly, I regret every cent I've spent on Clouds. I'd sell all now and just buy/rent hardware if I could.

I lost about 20 dollars on coins-miners.
I will lose around 100 on GAW if it's the scam some suggest, but will make several hundred if everything goes "as planned".
I broke even on CEX, but wasted time. Fees for mining were always eating all of my profits, and some. I broke even by selling my GH for more than I paid.
I invested .05 at cloudminr.io and made back .02 so far, looks like a scam. 
I invested around .06 in Hashnest, there were some complaints on forums and I decided to dump and run, lost around .003.

I've invested small amounts (.05 - .1 each) in Hashie, Hashprofit, Genesis, and Zeushash. All seem to take a while to ROI, but all seem "legit" so far... until they don't, right?

I invested some money in Havelock investments, and they seem pretty good to be honest. I made 3 daily dividends that were everything they should have been, and sold all my stuff because I wanted to rent a rig on MRR. This is the only one I actually made profit off of so far.

No I will not provide referral links, you're welcome to Google the sites for yourself if you want to waste Bitcoins. If you're into making money, I'm too noob to give advice, but I think you're better off gambling than hoping to roi in 100 days from a scam.

So anyone have any word, and Im up to help with any legal action anyone trying to start. 
Still got a payment this sunday but wasnt what it should have been. about 10%.  so the site must be on auto pilot if the owner picked up and ran leaving what ever mining he has left just to run its  self....=/  but most likely the site will be pulled here soon.

Check out grmining.com looks very similar to pbmining setup in name and site, Could it be the same guy?  either way i would avoid it looks to be another scam to me.  Thoughts?


The offer 5 year contracts but only have the site paid up for 1 year.....?   At least PB  paid for the site for the lenth of the contract they offer. LOL


Important Dates
Expires On   August 02, 2015
Registered On   August 02, 2014
Updated On   September 12, 2014

LOL... There's some reasons you might not want to run a mining farm in Saskatchewan, but lack of high speed internet is not one of them.

Clue of what, mate?
Don't get me wrong. I'm not trying to pick on you. But I do get tired when every Tom, Dick and Ahmad are all journalists on this board. And when you get snarky, I tend to respond in kind, mate.

I'd be annoyed as a residential customer in Sask.

I don't think a company operating hundreds - thousands of machines would be happy without high speed internet.

Why wouldn't high speed internet be required for several ph of hashing?

Nope, you could do it over a cellular connection if need be. Look up stratum protocol.
What is needed for several PH of hashing is several PH worth of equipment though :)

Not sure where you're getting that. SaskTel was the first TelCo in Canada to offer commercial ADSL in 1996, and one of the first to offer FTTH.
My home internet connection is 100/20Mbps down/up, and I've had it for a year. It might not be 10G SONET, but even that would be more than enough for any size farm. With Stratum, bandwidth really isn't as important as having multiple redundant connections with different carriers.

Interesting, I'm pretty new to all of this, obviously. I figured internet connection would be more important than that, good to know it isn't, I'm interested in buying hardware. 

I didn't know that about Sasktel either. I guess it's just a natural assumption that Sask is a 100 years behind places like Ontario.

Cloudmining makes sense to me, but I don't understand why companies like OVH are renting out servers instead of building massive asic farms if it can be profitable. Surely big providers would have been the first to run massive datacenters. If cloudmining is not profitable, and hardware mining is obsolete before the truck delivers your asic. Is there any way to mine BTC profitably anymore?

Sometimes I want to shoot myself for looking at this in 2011 and saying it would go nowhere.

LOL... And that's why everyone else thinks people from Toronto are a bunch of pretentious pricks. ;)

Haha, I can't even disagree.

Oh all the Faux News writers congregate in alt land.  ::)

He wouldnt be the first scammer thats fully doxxed yet, got away with it. Its not like ive seen Alberto Armandi in jail yet.

theres also talk of hiring hitmen to go and 'teach him his last lesson" would like an update on that as well

As someone who was a advocate for pbmining it is time I must say they are just like all the others and nothing but thieves. Is sad to see but I guess it just goes to show that there are scammers in every little nook and cranny in the crypto world.

PbMining owners need to be held accountable for their actions but from what I have seen this too shall be gotten around in some way.

Beginning to think that Satoshi was just a ring leader for a bunch of intelligent thieves who developed the ultimate scam on the world.

Well I learned my lesson and will never invest in cloud or otherwise mining that I do not personally hold the equipment doing the mining.

Don't blame bitcoin for your own lack of due diligence. PBMining was called a scam from day one, but people didn't listen.

Oh, definitely blame Jason, etc. Just don't blame bitcoin. Jason is the problem. Not bitcoin.

So the end result is the same, but did you know that all this is slowley killing bitcoin lol.

Think about it, if this pbmining fellow wants to horde all the money in the world, and all negative news about bitcoin is scams and we want new users to adopt this coin.

Why would they? They already know this "sunken fallacy" so they dont bother and thus the value of bitcoin goes to zero dying to his own hand.

This is why so many of us speak out so loudly about all the scams going on. Help spread the word about these scams. When you see a new one pop up, help squash it.

Jason definitely exists.. I know he used fake names with the initals "JB" when being interviewed by crypto-news sites, but Jason Boyko is the name registered on his business registration, I don't think he'd lie about that. Plus, it was the name on his Facebook profile before he took it down, after it was publicly linked.

Digging up this old thread.

http://pbmining.com/ is "under reconstruction" now. It was still working last week.

Now that they believe everyone has forgotten, they will "restructure" with a "new team" that is totally not comprised of the same individuals that ran the operations before.  ::)

another big fish ...

https://bitcointalk.org/index.php?topic=1393253.60

Sorry for bumping such an old thread, but I was searching through some of Saskatchewan's legal archives for an unrelated reason but happened to stumble upon this entry: R. v. Boyko, 2003 SKQB 139 (https://www.canlii.org/en/sk/skqb/doc/2003/2003skqb139/2003skqb139.html). It looks like Jason ran someone over after a road-rage incident in 2001.  ::)

An interesting paragraph about what the judge had to say about Jason:


It seems that couldn't be farther from the truth. I wonder what led him to pull the Blockchain.info phishing site scam as well as the PBMining scam...

What ever happened to Jason?

Regarding the scam I presume the same as all these guys, greed.