Where did the money go?


How much do you think they spent on production costs?

Last I checked hashfast was trying to "liquidate" their hardware at inflated prices and that was around $1/gh.

Why is it that every other company spent less than $1/gh on production costs but hashfast supposedly spent all $10/gh?

Please don't include NRE costs because we all know that was covered before tapeout/taking preorders.


How are we supposed to take you seriously when all you literally do is spread falsehoods/misconceptions?

Sidenote: I'd love to know how you can have absolutely no shame.

How can you advertise a scam, get scammed, then defend the scam once everyone's been scammed?

Is it stockholm syndrome or do you make money off of this?

You guys are just giving icebreaker permission to once again spew verbal diarrhea with these cyclical arguments.

Fact is that HF offerred full btc refunds ONLY to aquire more customers.

They did not intend on actually giving the full btc refunds unless they made a profit doing so. (If the price of btc drops). They were gambling on the exchange rate and they lost.

According to icebreaker it's your fault for not being a psychic who would have known from the start that they are greedy scammers who don't give a rats ass about a contract but everyone else will agree it's not the victims fault.

This whole argument about btc vs usd refunds is pointless because hashfast could would not do either.

Hashfast is a fraud for losing 100% of their customers preorder money when production costs should have been no more than 10%. Simple as that.

This might have been a decent deal if it was released 3+ months ago but now it's just an overpriced novelty.

Rockminer has been selling cheaper noob miners for months.

Not only do you work for pbmining, but you're probably the sole employee of this ponzi scheme. I have no doubt you are just trying to weasel your way out of this slip up.

PBmining literally said "What I was saying is that they've paid out more than 100% of the btc" or something along those lines which actually was what johnnybtc was saying.

Either he was practicing his acting skills, or he posted on the wrong account while shilling.

But in the rare chance that I'm wrong I'd love to hear PBminings explanation as to why he made a post pretending to be you.

I'm sure some idiots (or shills) will buy your BS just like how some people actually believe the coin mixer was implemented for privacy purposes.

http://en.wikipedia.org/wiki/Shill


You really think your customers are retarded don't you?

Nice try but anyone with internet access can easily look up the definition of a shill.

At least you posted on the right account this time.

Anyone else just notice PBmining slip up his shilling?

He just posted a response "What I was saying ....." as if he was JohnnyBTC. Then he edited the post to fix his mistake "As customers are saying..."

Unfortunately refreshed the page after he deleted the post so I have no proof so maybe someone else can confirm this.

I have to admit, good job shilling (besides that minor slip up). I would have never guessed JohnnyBTC was a shill account based on his post history.

They just need to keep getting new customers to pay out the old ones.

Look at the "sent" chart: https://www.blocktrail.com/address/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

They've had a steady increase in customers/payouts until around a month ago.

So far ROI has been only ~10% for the early birds and that can easily be covered by new customers payments.

Some contracts were priced to the point they will never ROI and new contracts will not break even in less than ~6 months so this ponzi could easily last a while.

Yes and at any point PBmining could just say "to prove we are not a ponzi, here is our mining address which anyone can clearly see is mining with ~2.7PH/s".

The only side effect from doing this would be transforming the skeptics(probably 90% of the people who see their ads) into customers and making tons of money.

But apparently Mr Pbmining doesn't like making tons of money because he refuses to prove his company is not a ponzi and thus limiting his customer base to nothing but gamblers and financially ignorant investors.

Seriously why would Pbmining NOT want to double the amount of customers they have? The answer is really quite simple. (it's a ponzi)

Here's more proof if you're not convinced:

This is a great idea by MP. (Disclaimer: have done zero research and am assuming MP is still making up companies because nobody else wants to participate in his schemes)

Now he doesn't have to pay people to advertise his schemes. (He might even make money instead of spending it advertising.)

My only question is why MP chose to stick with Bitcoins.

It's clear that the Bitcoin economy and the Mircea economy basically never overlap.

Why doesn't he just create Mircea Popecoin? Or Cultcoin?

Features could include:

- no blockchain (100% trust in the hidden MPchain)
- rate of mining decided by the great MP
- for every coin that is mined/bought/sold/traded a new coin appears in Mirceas wallet.
- earn 10 MPcoins for tricking persuading a friend to buy 10 MPcoins
- each pageview on MPcointalk.org costs 1 MPcoin.

He could even creat an MPcoin exchange for maximum manipulation capabilities. Sounds like Mircea's wet dream.

Please just explain why he is seeking investments before proving his claims through the scientific method?

There is really no excuse other than once again his invention is a sham.

That's absolutely not true.

The stock is trading on the fact that the company is operating smoothly, dominating the hardware market, and owning millions of dollars worth of assets.

You can argue that the company is worth less than what it's trading for, but it's clearly not worth nothing.

When did you start mining?

$550/TH is about $100 more expensive than the AM Prisma.

At $0.1/kwh the AM Prisma would save ~$100 worth of electricity in 6 months.

So unless you can mine $200 in profit before the Prisma's begins shipping, then the Prisma is a better deal.


Where did you get the idea that efficiency only matters in large scale operations? If anything it's the exact opposite.

The cheaper the electricity, the less of an effect efficiency has. If you have free electricity then efficiency means nothing (as long as cooling is not a problem).


How so? A 1100W machine seems perfectly fine for home use as well as datacenter use.


Not sure what you mean.

Do you think there are some massive farms that will be dumping miners on the market for some reason? The only reason for this I can think of would be to replace their current gen hardware with AM Prismas.

I don't think AM has anything to worry about with current gen hardware as it's clear that no other company can come close to the $/gh that AM is offering. And as soon as there is a competing chip, AM's gen4 will probably be ready or due soon.

So more accurately 6/6 amateur scientists who have been collaborating with Rossi have confirmed his claims.. again.

That makes the grand total 6/1,000,000 scientists who believe Rossi's invention is legit.

Please read these articles (from a source that seems passionate about LENR's potential) and tell me if you still believe this "inventor" is not really just a con artist:

http://news.newenergytimes.net/2014/10/12/rossi-handles-samples-in-alleged-independent-test-of-his-device/

http://newenergytimes.com/v2/news/2012/Report5-Rossis-Profitable-Career-in-Science.shtml

http://newenergytimes.com/v2/sr/RossiECat/Andrea-Rossi-Energy-Catalyzer-Investigation-Index.shtml#rossi


I already know that millions have been spent researching cold fusion and resulted in failure time and time again.

I want to see a source where NASA or any other respectable entity is pursuing tech based on Rossi's findings or even just suggest that Rossi might not be full of shit.

You have to ask yourself why this man, who claims to have invented the greatest invention since the invention of fire, is trying so hard to raise investment money yet also putting as much effort as possible into avoiding disclosing how his machine actually works. He even tried to file for a patent without disclosing his secret sauce that makes it work (I wonder why).

If his cold fusion device truly worked Rossi would have told everyone exactly how it works ASAP and thousands of scientists would confirm his findings leading to a contract with every energy company/government/electricity user in the world yet he chose to keep everything a secret, rely on his outstanding reputation as a white collar criminal, and avoid the scientific method which would give his claims validity and billions of dollars.

Source?


Source?


No we really shouldn't care at all. If this device works then energy companies everywhere will start using it. Bitcoin miners or anyone else using electricity do not have to worry about a thing.

So are you finally going to admit that there are hardware issues?

I don't know how people can think Bitmain mined using these machines when they have so many problems.

Key word is IF.

I did a little research after hearing about this and I've come to the same conclusion reached by 10/10 scientists which is that Andrea Rossi is nothing more than a con artist.

Just look at his wiki page, it screams snake oil salesman: http://en.wikipedia.org/wiki/Andrea_Rossi_%28entrepreneur%29

He has not inventioned just one, but THREE separate green energy "breakthroughs" and you guessed it, none of them have been proven to work by any means of the scientific process.

From Wikipedia:
How can anyone possibly look past that enormous red flag? How dare anyone call this man a scientist?

If that didn't tip you off here's another giant red flag:


So out of 27 devices, ZERO worked even close to advertised specs. Sure you can claim gross incompetence but I think we all know it's just part of the scam.

It's clear as day that Rossi is just taking advantage of the clean energy craze and peoples lack of understanding the scientific process.

And please don't pretend a few "scientists" sitting in a room with the machine for a few hours is independent verification or that a post on a Chinese forum means anything of substance.

Soon this new cold fusion invention will fade into obscurity as more and more evidence comes out against it and Rossi will invent his next revolutionary green technology and surely raise millions of dollars before any sort of scientific evaluation.

My guess is he will go with an antimatter generator or maybe a water powered car.

Be honest, they were not here since 2013. They sold maybe a dozen contracts on ebay a month before 2013 ended but that's it.

It's more of a gamble because you have absolutely no idea what's going on behind the scenes.

It is incredibly misleading that shipping to the hosting facility is selected by default.

Looks like they at least added this to the top of the shipping page:


Not sure why they wouldn't just change regular shipping to default.