BitOnyx,

it isn't so much that Russia banned bitcoins that matters in this case.  What matters is that any number of "intelligence" agencies could co-opt the FBI's GIANT BTC stash to buy relatively recent Russian military hardware from Syria and ship it to the Ukrainian army for defensive use against Russia.  In this manner the payment for weapons would be pretty anonymous and the weapons would just magically show up painted in brown with Arabic safety information printed on the boxes.  Viola, anonymously funded intelligence agency war.

H@shKraker

Hi Piggles,

sure I can do that - I do not see a reason why not. So once I receive my first payment (as I understand it they pay on Sundays, midnight) - what information would you want me to share?

I do not see in my profile the wallet of pbminer, I just see my stats. You can also see them here: http://pbmining.com?stats I am customer 2332.

My wallet where the coins are sent to is a wallet of a German Bitcoin-Exchange (that I fully and completely trust).

Best

iFlash

PS: Edit: Now I got it - you want to see MY wallet. Sure. The address is: 1FuhuajieMxPepf324Q5Jqc11evy4HUMsG

On Sunday, the first payment will be done.

Hello Piggies,

I am not that skilled with block chain. Can you elaborate on this? How would you determine that it does not come from "freshly" mined coins?

Let's say, they solve a block and get 25 BTC. Those would go to their pocket and they split it up to many addresses, right?

But if they are themselves in a bigger pool, how would that look like?

Sorry for asking noob question, but I am not sure if I understand where you come from.

Best


iFlash

Hmm, could it be that they increased that easily because they used to sell mining gear themselves since 2012 (at least that's what the ebay profile of them suggests)?

As said before I am mining with them at 1 TH/s. I think that's a decent amount to find out without doubt whether it makes sense mining with them or not.  At it stands now, I made 0,014 in about three hours or so. By Sunday I should do something like 0,5 BTC if all goes well.

And surely enough, I will report on this.

If you want to check them out, I would be more than happy if you used my referral link: http://pbmining.com?ref=iflash11 cause every GH/s counts ...

Best


iFlash

Hello everybody,

I certainly do not hope that all of them are a fraud. I just bought 1 TH/s at http://pbmining.com?ref=iflash11 and I do hope it was not a foolish investment.

@Piggles: I absolutely hear you (I read your word slinging match with one of their admins). But unless the site suddenly disappears we will only know if they are legit if somebody tries to make some money with them. I try this now. And I will keep people posted here.

Ahhh, btw: Everybody can see my stats here (I am user #2332): http://pbmining.com/?p=stats

So everybody can follow how I am doing. Maybe I just threw a couple of grand out of the window but my gut feeling tells me: I did not. Still, that does not mean that I will generate revenue. It depends also on how difficulty develops among other things.

Let's see …

Best


iFlash

Hello folks,


I have tried cloud mining on several platforms but with no real success. The major issue is: The prices for GH/s are way too high (especially on CEX.IO).

So I read loads about other services and finally have decided to take the risk and bought 1 TH/s at http://pbmining.com?ref=iflash11 (yes, there is a referral link connected).

I had contacted the site support and got a swift reply. The money transferred had been turned into the mining power within less than four hours (they claim it could take up to 12 hours).

So far, so good. It will take a good while until I break even and I will report on the outcome on a regular basis. I think that's the only way to find out if it's worth a try or not.

I know that some people fear it might be a ponzy scheme. To this day I can not share this view. At the moment it all looks legit to me (otherwise I would not have invested nearly 9 BTCs) in this.

But we will see. I will keep on reporting.

Best

iFlash

A typical old school miner viewpoint that really doesn't show an understanding of how business often works.   There are many reasons to sell out some of your mining resources if you have a lot, but a key one is that you reach a point where you can build up mining resources much cheaper than a lone person can.   At that point you can sell mining resources to raise capitol so that you can expand faster than you could by simply reinvesting.  Doing this results in faster growth and reduced risk.   The business is trading what it is good at for faster growth and actually higher profits.

Yes

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Yes I will be doing the escrow for gamefixer and his 11 antminer S1's. My fee is 0.5% per escrow transactions. It is March 5th, 2014 4:17 am EST when posting this.
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Someone quote this for proof.

How exactly does a mining Ponzi work?

Not bad! I used it

Not every terrible investment is a Ponzi scheme. Please use the proper meaning of words.

Mining will most likely lose you money. The seller / operator of a mining program will most likely make money. Doesn't make it a Ponzi scheme.

doing the math...
running a ponzi on this thing is
less profitable than running real mining hardware.
by a long shot.
 
hes got enough funds to expand from 14Th to 29Th
why should he only add 2Th?

i expect well see about 50Th on the next jump.

so you gus who havent run the #s why dont you quit screaming scam.
'nuf said             oz