https://forum.gethashing.com/t/pos-mining-stakeminers/3925/1328@cyberpinoy is not responding despite my heartfelt apology so I have to make some conclusions on my own. Typically that invokes a violent rebuttal from @cyberpinoy so we'll see if that works again.
@cyberpinoy seems to be double-counting withdrawals. For example before @s3v3nh4cks' withdrawal the "Total invested" amount was ~120 BTC, after the withdrawal it dropped to 85 BTC. That part is fine. But he also seems to have added that amount to total payouts, which is not correct.
If we take @cyberpinoy's numbers at face value it would seem that investors deposited ~112 BTC (total investment amount as of a few days ago), and got ~80 BTC paid out, i.e. only about 32 BTC until "break even". This makes the 82.5 BTC current value of assets look like a substantial gain (+50 BTC).
However the site is probably "under water". If you don't double-count withdrawals it paid out 26 BTC, i.e. 112 - 26 = 86 BTC until "break even". However it only has 82.5 worth of assets and that's in ideal conditions, i.e. if it somehow could liquidate those positions without crashing the prices.
I'm hoping that @cyberpinoy will stop by and give us a quick lesson on math and accounting.  "How many times do I have to tell you? The lying patient is a business man, not some maths accountant. Now, hand me 86 cigarette butts and allow me to show you what them greedy so-called expert "Merica" surgeons having designed PHPs don't know that I had to learnt on my own to treat lying patients."
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https://bitcointalk.org/index.php?topic=989670.msg10936933#msg10936933Some people invested time by helping me with the websites code when I ran into a problem, testing wallets and with promoting the site, some invested real cash for the hosting and some invested cash for advertising campaigns, The bulk of funding in the wallets and the recurring weekly backing to the investors comes from me, there is a PimpCash bonus that was donated by the PimpCash developers, but other than that the early payout bonuses, and any other promotional bonuses come from my personal BTC wallet.
Sorry for the confusion https://bitcointalk.org/index.php?topic=989670.msg11091347;topicseen#msg11091347We have been advertising picking only 3 members but we have been picking more HAHAHA Its because we love our investors, they really are making this project a pure reality and deserve a little bonus every now and again as a way to show our appreciation. https://bitcointalk.org/index.php?topic=989670.msg10888911;topicseen#msg10888911Since we are already talking about some signature campaigns and advertising bonuses I have credited your account with that advertising bonus we are discussing.
The funds we use for these promotions are not taken from stakeminers.com investments, they come out of my personal bitcoin wallet from various earnings I make weekly. I will not use our investors money to promote the site, it is not their place to pay for our advertising, that is our job and we do it on our own. https://bitcointalk.org/index.php?topic=989670.msg11135130#msg11135130It depends on how much is used in payouts and bonuses, if there is nothing left to buy coins we cant buy more coins, and eventually it will get that way, as I said we will not and do not advertise
Hello developers HINT HINT, you guys do know Facebook is like FREEE advertising, why dont you try it assholes.
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https://forum.gethashing.com/t/pos-mining-stakeminers/3925/1325Since that thread is locked I guess I'm gonna have to contact @cyberpinoy here.
Where did you "promise" to pay for advertising?
Where did you advertise?
If it's your "own account" why is the transaction coming out of the same address as all other payouts and withdrawals?
https://blockchain.info/address/15RNyRkxBn3g3rcYGCbj7n1sFHhQkg9wPo
Why is it posted on the "payouts" page?
Are you going to include all other overhead costs? Web hosting, payment fees, etc.
How about fees you collect on withdrawals, where do you show those?
Why are you still not showing the 35 BTC withdrawal?
Don't you think it's stupid to respond in your locked thread to a post made elsewhere? Why don't you just respond directly?  "No more questions. No more questions! NO MORE QUESTIONS!"
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https://bitcointalk.org/index.php?topic=989670.msg12486128#msg12486128We have paid for some advertising as we have promised. The transaction used to pay for this advertising has been listed on the transactions page for legitimacy and transparency so you guys all know what we are doing. The funds that have paid for this are not Investor funds. StakeMiners has its own account, as we have previously informed our users, and that account is set up for the overhead costs of the business. Advertising is an overhead costs of the business. if you have any questions regarding this transaction please contact me. Damn! Damn! Damn! Now I wish I would've attended Ohio University and earned a business degree like Leroy Fodor so that I, too, would have the ability to throw moneys away toward advertising to garner eyeballs to read my grammatically incorrect website hawking impossibilities. I'm pretty sure that Leroy graduated at the top of his class, with his retardest fellow classmate resorting to archaic means to accomplish the same readership via simply properly maintaining forum threads espousing thier endeavor for free. HAHAHA Any day now, Leroy Fodor, under the auspices of "for legitimacy and transparency", WILL fully disclose where and what advertising he has in place for the benefit of StakeMiners' investors [and one donkey  ]. HAHAHA Give a man bitcoins in the US and he'll be able to eat for a day. Give Leroy Fodor the same amount of bitcoins while living in the Philippines, and he'll be able to provide for his family food for a week. HAHAHA Payout bitcoin wallet address: https://blockchain.info/address/15RNyRkxBn3g3rcYGCbj7n1sFHhQkg9wPoAdvertising bitcoin wallet address: https://blockchain.info/address/15RNyRkxBn3g3rcYGCbj7n1sFHhQkg9wPoTo play PrimeDice bitcoin wallet address: https://blockchain.info/address/15RNyRkxBn3g3rcYGCbj7n1sFHhQkg9wPoI have played around on primedice and pocketdice.io, (who hasn't) I have an account on Poker Shibes, but I have never invested a massive amount of anything there. The fact I am in the profit on the games i played I am quite satisfied and have no need to venture there. If I ever went to vegas and put 20 bucks in a machine and won 100 id be done for the weekend. I do not own nor have I ever said i owned a martingale system, that system was created in the 18 century. I most certainly would never gamble with someone elses money not even if they asked me to.
when that post you quoted was written i was playing on primedice a lot thus why i said Me Included, meaning at that time in my life I was playing around gambling on Prime dice, What it did not show was I actually did not invest there at that time, everything I won on prime dice started from the faucet. to take a 1200 satoshi faucet to 0.33 BTC is actually awesome luck, and as you can see my total profit now is 0.30 and I no longer play. Thats what seperates one who plays around for fun from an addicted gambler.
TOTAL PROFIT 0.30674003
TOTAL BETS 343376
https://allcryptotalk.com/index.php/topic/64-prime-dice-best-gambling-site-in-the-web/I got 0.00000563 BTC on the faucet and in 12 hours I made 0.33 BTC from it using a modified martingale system.
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I know a dude who was able to accomplish more than $1/hr via faucets alone, then optimally trade the amassed cryptocurrencies on various exchanges enabling him within 60 days to purchase bitcoin miners for his largest bitcoin mining farm in all the Philippines. Perhaps you've heard of Leroy Fodor. If not, then: https://bitcointalk.org/index.php?topic=990219.0 |
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i've updated the OP with Kickstarter link and the first goal
I'm not goin' be critical of your endeavor, but please clean up the grammar - mainly capitalization - because it reflects badly on you, in turn, those in the cryptocurrency space (no pun intended). Thanks, bud, with wishing you luck. Godspeed. |
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Gleb... You really don't rest do you...
Dude, I was takin' a nap when the Newbie alert siren went off.  |
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I was checking the payouts page to see if it matches the blockchain: https://stakeminers.com/transactions.phpHere's what cyberpinoy is spending investors' funds on: StakeMiners Advertising d4cfc52c41849d7453fbfb056240181e8406f3fd1ce19c91a74fbefdf57fc4dd 2015-09-21 01:47:31 0.26086956 BTC At least he's "transparent" about it   Well Leroy Fodor left Carolina
cause Leroy's daddy said don't your lie,
You won't plant corn, and you won't make hay,
you sit on da porch and you lie all day.
Leroy, Leroy Fodor,
Headin' to da Philippines for them sunny days.#WOTD: http://dictionary.reference.com/browse/enervate |
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That's a sure sign that Leroy Fodor no longer gives a fuck about his brand when he no longer spells it correctly.
His sloppy writing aside, you don't build a strong brand by fundamentally being dishonest, ducking pointed-but-relevant questions, not being open with his transactions (not wanting to list the 11 withdrawals in a row), and shutting down public communication channels. It's got amateur hour written all over it, and it's embarrassing to see him conduct his "business" that way. I can't comprehend how a single "investor" could trust the guy with their money after doing their due diligence. Remember where he went looking for investors. the sea of geniuses that were involved in GAW and other assorted failures. Intelligence isn't their strong suit. With that logic, Sonny Vleisides could come out with a new brand made up of a new cast of characters with his new "I'm on a new track now!" introduction and start taking orders - not pre-orders - for his 8nm ASIC-based miners capable of mining any and all cryptocurrencies, and he would have no problems amassing millions within the first hours while those in the Be Careful Camp are singing their familiar tunes. |
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Gleb is a psychopatic guy/troll (sry but you know it is true). i cant believe that anybody here believes this shit  - hopefully it is meant to be sarcastic but new members could believe that this shit is true. be careful! Maybe you can clear things for us. What shouldn't we believe? That "Matthew Neal Wright is laughin' his ass off"? Because everything else are just true facts, not assumptions. He only shared some facts. Even though the $1/yr salary for Vanessa is most likely not true, in context it was designed to make you guys think. My intend was not to present Bryan and his wife as the culprits, for that would be too far-fetched, albeit not outside the realm of possibility. I merely presented facts in my own psychopathic way, facts, BTW, that had yet to be presented prior to my posts. I'm pretty sure that FBI agents didn't think I was a psychopath when we spoke in-length on occasions about BFL's 1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs bitcoin wallet address, among other niceties, and how said wallet was once claimed to belong to HashTrade via an official press release penned by BitPay containing quotes from HashTrade and Jeff Ownby of BFL. Sure is funny how the FTC found 1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs being used by BFL to store online sales of its hardware via BitPay and burn-in mining revenue, not to mention bitcoins moved there form BLF's Eclipse MC, formally owned by Josh Zerlan. Prior to the FTC came a callin' - just two days earlier - BFL used BitPay as an exchange via 1QAHV, oppose to ONLY as a third-party payment provider, to liquidate over ten million dollars worth of bitcoins to fiat, an act that would be impossible for you or I, although conversations of performing such took place during Bitcoin conferences which I was privy to, discussing how it could easily be achieved, all prior to the 1QAHV revelation. Yep, I may be nut, but at least I'm not a whatnut (Joshua Zipkin-speak). |
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Gleb is a psychopatic guy/troll (sry but you know it is true). i cant believe that anybody here believes this shit - hopefully it is meant to be sarcastic but new members could believe that this shit is true. be careful! I have very little evidence of LiteCoinGuy being untruthful. Please heed his (or her) postings. |
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That's a sure sign that Leroy Fodor no longer gives a fuck about his brand when he no longer spells it correctly.
His sloppy writing aside, you don't build a strong brand by fundamentally being dishonest, ducking pointed-but-relevant questions, not being open with his transactions (not wanting to list the 11 withdrawals in a row), and shutting down public communication channels. It's got amateur hour written all over it, and it's embarrassing to see him conduct his "business" that way. I can't comprehend how a single "investor" could trust the guy with their money after doing their due diligence. Spot on! One of them investors and BOI Trustees is a bright 16-year-old lad. In spite of me being critical of him, I like the lad, but for the life of me I can't figure out why he attached himself to Leroy Fodor's StakeMiners, let alone remaining on board after all has been exposed. |
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One thing that proves: Cameron is not a Muslim and you won't find any pics of our president near a pig. (make that two things)  "Okay, quiet. The future Prime Minister is coming." |
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Thank you @Gleb for this fascinating investigation and thanks to the BCT moderators for not censoring this dramatic revelation.
Yes, this is turning into a quite of soap opera! Thanks for the investigation!  "Thanks, guys. That means a lot.  Now, I have to reset my potato. " |
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Why would there not be a next question? No. Next question?
Actually, if you were waiting in line for an extended period of time, wouldn't the next question you've been waiting for be "Next?"? |
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