Ok, then give me facts, why it is a ponzi? Or why it is not a ponzi? You see, we know nothing, only assumptions.... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It is a ponzi scam because they use incoming payments from new customers to pay old customers. It is fraud because they aren't even paying out the correct amounts anymore. These are both well established facts.
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Where they explained that the payouts 10(!) times lower now?
we changed our formula to include other factors.
Your payouts are now based on "other factors". Factors like "PBMining wants to buy a new Lamborghini" means you get lower payouts.
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Let PBM come to the table and explain to us what is actually going on.
They already explained. They didn't like paying out the old rate, so they cut everyone's payouts. Assume the position... https://www.youtube.com/watch?v=qdFLPn30dvQ
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Besides we know who the guy is, i dont think someone that is so open about his ID and company details is that stupid to scam us.
Ever hear of Mark Karpeles?
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My point stands though : You do not and cannot KNOW how their Payouts are calculated, but yes you are free to make an Educated Guess just like everyone else ...
It used to be posted on the website but have since removed it so they can change the terms of the contract anytime they want. https://web.archive.org/web/20140719195343/http://www.pbmining.com/At Piggyback Mining, we cover the electricity costs and all pool fees.
Oh, look, they removed that from the website also. Anyone who ordered a contract before that was removed from the website is being stolen from.
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Based in Israel if yo must know ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That's a start. What is the company’s name or its corporation number?
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All i care are my weekly payouts. Not what they mine, where they mine, who they mine. I not want to know.
All you care about are partial weekly payouts. Since you like getting paid less than 100%, how about you send me 10% of every payout you receive?
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Hardware specs will not be discussed as I'm not allowed to talk about it yet. Miners will be available for sale, some limited amount and all info will be posted in January. My understanding when reading posts here in this forum is that some people are never satisfied with given info. We have posted photos of miners and DC and this is whey more then any other company did. Now you want to know spec, mining addresses, if we give this info another person will ask if they can visit facility, then if they can take apart miner....seems this never ends as there will always be people sceptic about it....answer is simple...order a miner and do all your work yourself
Ok, so we've established you aren't mining. Maybe you can answer a simplier question. Where is your business located? I'd like to know where to search when you run away with the bitcoins.
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well, at least we got paid
No, you got robbed around 15%.
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you make no sense, we are not PB mining and we do not do things like they did. There is no single payout or deposit address and not all members would get paid with freshly mined coins. Same thing as with ghash and cex. Every user has it's own wallet on terabox for deposits, so you are saying that when someone buys GHS for 1BTC we should take this 1BTC from the site, and put back freshly mined coins into the system for payouts? Makes no sense to me to be honest. If hot wallet get's empty for some reason we will fill it with new coins, investigate them as much as you like but sooner or later you will be track their origin, we are not using any mixing services.
If you have a mining farm, you will have freshly minted coins. Prove it. Show your mined blocks.
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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.
PBMining has stopped sending out full payments. They are skimming the payouts. They are now absolutely confirmed as a scam.
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I tried to sell this pile of shit to anyone who would take my order way back before they missed the may deadline cause i saw the writing on the wall sadly so did anyone who was looking to buy a miner.
This one's for you. https://www.youtube.com/watch?v=CBUL7epV4h4
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Hey guys, I thought I'd give y'all a sneak peak of the Bitcoin mine we're building. I'm excited for when we'll open our doors January.
If you have any questions about the build let me know!
Looks good. How certain are you on the opening date? What if you are delayed?
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Which mining companies are recommended now? and does others use Amazon EC2? I'm renting for m7m algo, need some opinions for others tested mining rigs.
There's only 2 worth considering: 1. Bitmain has the price advantage. 2. Spondoolies has the quality advantage.
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Who's got a payout address? Let's see where they are getting their coins (because we all know they aren't mining).
1FdTPYVKD176xPyJiK3ekswHf7M9i1F7Vm No surprise there. No mined coins in recent history. Ponzi. Good luck.
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If you had a strong suspicion that our business is fraudulent then you should have taken that up with legal authorities
Good idea. Let me check your website for your business info so I can have you served ... PB Mining is a fully trusted business in SK, Canada
Well, that's pretty minimal results. Let me try the CA business search page ... https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpSrch.html?locale=en_CAResults: 0 of 0
Please post your official business registrations: Corporate Name: Corporation Number: Business Number (BN):
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News flash: If you haven't filed a lawsuit, you aren't getting anything.
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Who's got a payout address? Let's see where they are getting their coins (because we all know they aren't mining).
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Oh well, that´s how it goes
increased demand leads to higher prices.
And of course the extremely consistent and reliable service will fetch a certain premium I guess.
You mean paying out lower than promised payouts? You call that reliable?
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