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1  Economy / Service Discussion / Re: Recovery program beginning in January for PB Mining customers. on: December 22, 2014, 10:56:04 PM
Ok, so this is another "I told you so" post, but allow me to bring this up, when I offered my bet that pbmining was a ponzi about to collapse, I didnt accept the betting terms about the website being online, and pb still paying out 'something' after x months. Instead I  insisted on this: " I also want to stipulate that I win the bet if payouts substantially diverge from theoretical mining yields. So for instance if pbmining comes up with some new fee or whatever, to reduce payouts to a few satoshi, or declares being hacked/fire/whatever and begins paying out just a fraction of what would be expected based on difficulty, I still win."
https://bitcointalk.org/index.php?topic=418183.msg9684757#msg9684757

The bet wasnt made, but now you understand why I insisted on this and why I am not in the least bit surprised.


Yes now we understand Puppet, you were right, however even under my terms of the bet you still would of won. I had stated among other things.  Should it be the general consensus of this form that PB has failed, that would be a fail. Besides, my own opinion, which would weigh the most is. The paying out of this dust is an attempt to create a legal loop hole. Certainly because web page is still up and paying out this dust, you would never find me challenging you on this failure on the grounds that web page is still up and paying out.
2  Economy / Service Discussion / Re: Recovery program beginning in January for PB Mining customers. on: December 16, 2014, 12:02:09 AM
I actually got a call today from Sgt Failler in regards to my complaint while I was waiting for a flight. The police are aware of this, and reporting it to them can't hurt. I would suggest that if you are going to call or email them, take some time to think about what you want to say. Letting them know there's a major problem with a lot of victims is a good thing. Making it so that you're actually slowing things down would be a bad thing, so try and keep it short, factual and to the point.

Can you tell us anything about how the call went? Or must it be kept confidential for the time being?


Can someone tell me on which of the 33 pages or website, I can get the full scoop, or do I just have to read all these posts and try to piece it together?

Thanks,
Z
I no expert on this but I can try to sum this up for you. Lets look at this anology from the old west.  Back in those days your ponzi scheme was to stop your wagon outside of town, fill up your bottles with pond water, some bitters, little apple cider and what ever else you had in the wagon. Next day you be selling your magic eilixor  for one dollar a bottle, garrented  to cure any ailment. This worked out well, unless the authorities got to you first.  The trick was to be out of town before the pond water cause bad gut rot in those victims.  That pretty much sums it up for now.
3  Economy / Service Discussion / Re: Recovery program beginning in January for PB Mining customers. on: December 15, 2014, 09:59:54 PM
Don't try to shame me for what I may have written in the past about a different subject, it won't work, and only shows your bullying tactics.

I still stand by what I wrote then, as I assume responsibility for what I'm writing at this moment.

So we cant bring this up either, when the next ponzi collapses and you say 'there is no proof', 'be patient', 'could be blackmail' blah blah blah ?
After how many collapsed ponzi's that you denied,  do you think its fair to bring this up ?

Quote
It's called presumption of innocence, and I strongly believe in that foundation of a justice system which does not degenerate into mob rule.

We're not in a court of law. We're talking about investments here, and  particularly when it comes to btc, presumption of innocence is just a fancy word for foolishness and failure to do due diligence. Do you presume the Nigerian prince  who emailed you saying he inherited a multi million dollar gold concession to be honest and innocent, or do you assume, like any other sane person, even without any proof, that he is a scammer?

Quote
If you have evidence (not speculation/amalgame/etc) to back up a claim of malfeasance, bring it up. Otherwise, refrain from baseless accusations, this is called libel.

You find all the proof needed for investing in the link in my signature.
THe proof needed to put Jason behind bars will have to come from the prosecutor.
Very eloquent with your words puppet. Nicely thought out.
4  Economy / Service Announcements / Re: CloudMining.website is offering 1 GHs @ 0.001 BTC | 5% affiliate commission on: December 12, 2014, 11:28:54 PM
pbmining also paid for almost a year.

But achieving that required an ever increasing influx of new victims throughout that year.
One would hope that pbminings collapse has opened enough eyes that is very unlikely to be repeated.
More so if you consider how many of these ponzi's are being launched each week, all competing for the same suckers.

FWIW I will be surprised if this ponzi is still around after February and flabbergasted if it lasts until next summer.
IOW, even the earliest investors will likely not profit.
         Puppet in the past when you said, these things, I had to suffer reading through, 5 pages of --- well Pb mining always has paid out, other arguments as to how this would continue. This argument went on for months. I was in that camp too.  Now, I see what you say has held true. I too have taken a loss on PB. I think this has opened my eyes, and I'm only going to buy and Hold from now on. I'm a big girl and absorb these losses but hope not to act foolishly with my bitcoin in the future.
5  Economy / Service Announcements / Re: CloudMining.website is offering 1 GHs @ 0.001 BTC | 5% affiliate commission on: December 09, 2014, 10:55:42 PM
puppet agree so is why I say give address so I can honor this bet , I'm good with it . not the first time I been wrong or acted stupid.
6  Economy / Service Announcements / Re: CloudMining.website is offering 1 GHs @ 0.001 BTC | 5% affiliate commission on: December 09, 2014, 10:39:15 PM
You don't need to be rude about it, you didn't ask for my opinion as to a fail or not before you challenge my sacred girl scouts honor. lets all keep our guns in our holsters. However Puppet   what I think you should do for me is give trusted feedback for me honoring this bet. I have a feeling that's not a common thing to do.  Even though i always felt bad you would not just trust me on my word. Thats bitcoin a trustless situation.  However you can see you were right, I think we got fail conditions in one week. Therfore. I'm commited to honor the error of my judgement.
Anya Yakubu
7  Economy / Service Announcements / Re: CloudMining.website is offering 1 GHs @ 0.001 BTC | 5% affiliate commission on: December 09, 2014, 10:20:40 PM
Keep up dude, pbmining thread is closed and I already won anya's bet:
https://bitcointalk.org/index.php?topic=887871

So, shall we make one about the outcome of cloudmining.website ?

It's true puppet, if i had bet with you I lost and only in one week. Shows how wrong we can all be about things. And if feel I should pay give me address, I will pay.
8  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: December 08, 2014, 12:30:48 AM
If I could just add a bit more depth to this issue. In the most simple terms. All the time most of us have been with PB mining, we been in a steep rising difficulty.
Until only recently when we have reached this Plato. What does this mean? It means that all this time we have been solving blocks faster than we than what is planned. , therefore payment to miners was higher. Cloud mining payments were higher and happening in shorter period of time. Now with difficulty steady and even dropping miners are sharing less. I've seen it on all cloudmining sites. What I see, and you can see it too on      http://bitcoinwatch.com/      Is on a day when difficulty is on the rise and up into 6 + blocks each hour, your payment will be high, but on a day when difficulty is going lower and networks is only solving 5 blocks each hour your payment on those days will be low, see for yourself on other sites that claim to be mining. A hundred GHS makes some interesting math. each day it pays out, and each day it correlates with the difficulty trend. Not that I'm recommending any of them but the payment is interesting and it correlates with the difficulty. Over all the trend at this plato is low payments.  I don't see this as skimming, I think it is what cloudmining in general is becoming. Hasn't everyone been worned?   don't invest what you can't afford to loose. Have some fun with this but it's not going to get you rich, hopefully you won't loose your bitcoin. It may take a long time to breakeven, maybe this isn't even worth doing, unless you are a bit of a gambler.
9  Economy / Service Announcements / Re: CloudMining.website is offering 1 GHs @ 0.001 BTC | 5% affiliate commission on: December 07, 2014, 11:11:01 PM
Looking at the AM hash thread, it is quiet evident, that you guys have failed to compete with PB mining, cloudmining.website etc. and having hard time in keeping your sales alive Cheesy

If you take a look at the PB mining thread you'll see what a ponzi in the process of collapsing looks like. Even Galdur has realised how wrong he has been, saying the following:

At least i paid enough attention to you wankers to stop buying early last month.

I most sincerely apologize for all the rudeness, thatīs all I can say.

For those looking to purchase cloud mining and are looking for genuine overview of the legitimacy of such services, then check out this thread of Puppet's. Don't be fooled by Ponzis like cloudmining.website.

Well, PB Mining isnīt out yet. Both you scambusters and I seem

to have been a little premature. However my apology for the

rudeness will stand.
 Galdur, yes it was premature and down right ugly to witness. PB was not late in it's payment, well within the time frame stated. It was sad to witness this attack.
In the end, PB as it always has, paid out.
10  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: December 07, 2014, 03:00:15 PM
If you had a strong suspicion that our business is fraudulent then you should have taken that up with legal authorities, rather than playing a part in this cruel harassment of our lead developer.
Already done, btw.
http://www.antifraudcentre-centreantifraude.ca/english/reportit-howtoreportfraud.html

Just report him to the authorities. Be detailed, don't be threatening or belligerent. Doxing him mom won't do anything, but get enough fraud reports in and they might get something done. You can also report him to the Saskatoon police.
http://police.saskatoon.sk.ca/onlinereporting/

Lets wait until (scheduled for every Sunday before Midnight ( 24:00 GMT -6 ).  Payment used to be at night you know, never early on Sunday Morning like it is now, 12:30 Am sometimes at present, but in the past was on Sunday night.
Long ago this happened and after some panic, payment was made in the proper time frame.  Payments for me used to be on Sunday night, then migrated into the afternoon, then  morning.  Give this at least this much time.
11  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: December 07, 2014, 01:47:20 PM
Just invoke the authorities. Canada isnt Burkina Faso. The police or whatever cybercrime unit they have there is the first place to start and confirm at least the identity. If they fail to do anything you can always lawyer up and try to go for it yourself later.

For the record, when Pirate's ponzi collapsed there where a bazillion threads about pooling money, getting lawyers, personal threats blah blah blah, in the end it was the SEC that nailed him.

Dude, The PONZI did not collapse, and it wont be collapse till next year,

Because, his weekly payouts is never greater than than the contract selling profit.. He made nearly 100-150 BTC profit in a week. I am calculating the income for about 3 months, and weekly profit never drops below 75 BTC per week..

According to my calculation, today there has to be 7000-9000 BTC in his wallet. And this will pay more than one year to all customers, even if new contracts has not been solt.


 I agree with Petahash, I will say it again, we are in the age of long term ponzi's and for this to be bankrupt in this short period of time does not make sense. There is too many quick to judgement. The agreement states that payment will be scheduled for every Sunday before Midnight ( 24:00 GMT -6 ).   Lets see what happens.
12  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: December 01, 2014, 10:54:06 PM
i received

0.04062165 BTC

for

540.4GH/s

...

should have been

0.04721 BTC


i can only presume this reduction is correct payouts has been happening for some time.


I dont know Rasku, I think this is something new we saw last Sunday. I follow the difficulty and pay out pretty close here, Only once a long time ago did I ever find a drop in payment that I couldn't relate to the difficulty adjustment. This last Sundays payment was surprisingly low without a difficulty adjustment to base it on. Actually my last three payments are dropping by a rate that suggest that they are not derived from the same protocol.  For example it took six weeks for my payment to fall from .29 to .26   Then sharply falling to .243  and last Sunday to .223 I think we got a deviation from that formula they been using. That's upsetting because if this trend were to continue at this pace. Then the theoretical yield that others have spoken about wont to met. One of things we enjoyed about PB was it's consistent payments of expected amounts. Not sure we have that now or not.
13  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 30, 2014, 11:29:26 PM
Lets just assume its the scam it is and open a new thread "What to do when a cloudminer runs away with your cash" might as well get it set up and ready.
Well, if were opening up a new thread like that, lets think about putting a button on it for donations for restitution of the victims. Lets get a list going of volunteers
who can at the right time provide a shoulder to cry on and a sympathetic ear.  We might be able to provide some small comfort to them assuring them life will go on even though their bitcoin won't be going on with them.
14  Economy / Games and rounds / Re: BitcoinBlackFriday giveaway by CloudMining.website on: November 30, 2014, 01:24:17 PM
Order ID 2848

User ID  2160
15  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 06:28:05 PM
Thank you very much for the education on what happens when a Bitcoin scam wraps up. It's good to know the main criteria is whether the website is there or not.

Case in point:
https://www.weexchange.co/

According to our math wizard, it wasnt a scam. Website is still there!
Well I wasn't expecting to be thrown right into the slow learning end of the classroom right off. I promise I'll talk a bit slower and not use to many big confusing words. Lets see if I can explain it to you. PB mining is way more than just a website. Once a person is signed up and logs in. There is a thing there called a dashboard. Should a person own some contracts with PB, he could go to that dashboard. There he would see his mining contracts, when you hit the refresh button, lots of the numbers change. Its lots of fun to watch. We won't talk about what those numbers mean because that will be to confusing for you right now. Here is where it gets interesting. Each Saturday night way late and past my bedtime here. All that mining going on on that dashboard I told you about it gets sent to your wallet. Then the counting of the numbers starts again. Once I was tucked in my bed, I got the urge to actually be there, you know , when the numbers change. I crept down the hall tiptoed past my moms room. I was actually at my dashboard as the numbers changed, How cool is that ?
        I hope I made that simple enough for you Puppet, Here's the key, if you got a fail, you won't see those numbers changing on that dashboard, and most likely not going to be that payment late at night. That is how you will know there is trouble watch out, that's when it failed, it's not all that hard, we can all help you out till you get the hang of it.
Just remember that dashboard thing with the numbers and if they changing that's a good thing, if not that means it's a bad thing.
16  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 03:46:45 PM
What loopholes, explain yourself, i see no loop holes , its either paying or its not paying
If tomorrow pbmining announced that due to market conditions they would now require a $0.0024/GH/s fee (1J/GH, $0.10/kWh all in) to cover hosting and electricity costs per day but otherwise continued to pay out, would you consider that pbmining failing?
MR Teal,  my 12 tear old sister was just reading some of this thread, she got disgusted, got up, and said it's sad when adults get this confused about something so simple.
PB mining charges no fees, never has, but if for sake of what if, PB announced something like this, this would be the first proof we have seen that they really mining. If that were to happen then it is very likely that PBmining.com Smiley  really is mining and would be around long time past next NOV. 25,  therefore supports what I've been saying all along. No that is not failing, that a change of policy.
        Since some of are having trouble grasping what its like when a cloudmining service fails. I'll explain what its like for you. You get up in the morning, make some coffee, sit down and try to go to PBmining.com and you get server error and nothing comes up. After that you come to this thread and you see others have all had same problem and everyone wonders what is going on. Then all of you hang in there because maybe its servers just malfunctioning, you try to remain hopeful your dashboard going to reappear, you wait for Sunday for your payment and nothing happens.
Do I need to continue?   
        The reason why I told Puppet this is a fools bet, is simple. If PB really is mining it very very likely they would still be mining next NOV 25, and beyond. However if they not mining and its a ponzi, then my calculations  show me that at the current rate it could continue for 3 years 7 months and 23 days. That's why all you wise men, did the right thing, don't take the one year bet. I don't want my mom getting upset that I am taking unfair advantage of puppet and stealing his bitcoin.
         
17  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 08:55:52 AM
That's Pbmining.com They don't have any fees
18  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 07:09:42 AM
What loopholes, explain yourself, i see no loop holes , its either paying or its not paying
19  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 06:07:29 AM
Total nonsense Jimothy,I think I was very clear. If pb fails, were all going to be talking about it out here, if that day comes its not going to be did it fail or did it not, if you didnt get your payment , it failed , High hopes for ever getting any more payments.  Funny how you think I dont understand things. How many people in the past many ponzi's got a soft landing? did they have hope?  hope that they going to get their 200 bucks back in that  chain letter the neighbor talked them into.  I was offered  unfair deal by puppet , that why I didn't accept his deal, can't hire two lawyers to figure bitcoin mining profitabliity  and how much of to blame on PB.  

What if pbmining later transfers 100% of their customers hashrate to KNC/Bitfury without ever proving they owned hardware? What if they start charging outrageous fees? Will you consider that a fail or not? The point is to remove opinions from the equation.

Like Mr. Teal said, I don't think you understand Puppets terms. He is just saying that if the payouts drop below the theoretical yield (i.e. introducing fees or something) then he wins. It has nothing to do with difficulty/profitability. It's exactly what you wanted to bet on, only without ambiguous terms.

Jimmothy, Let all of us take a couple deap breaths, feels great try it,  Now focus with me. Understand if you use this phrase theoretical yield ever again , Nice people should shun you even in broad daylight. Possibly your virtual mouth should be washed out with soap.  Let us pray together now, that this term, theoretical yield should never be used,
ever again where there might be decent folK and even children around.
          Maybe your a late comer or a slow learner Jimothy , but puppet who you think his deal is so great,  Rejected a perfectly simple straight forward deal. 
The reason why we having this conversation now is not because we have a problem of theoretical yield, It because Puppet for weeks and months has been saying PB a ponizi ,it going to fold , some long time members even took the PB signature out of their profile because of this. He has made repeated statements of PB will end.  Even how we should have a victim restitution fun for the poor looser in the end of this ponzi
 This isn't about difficulty or yield, Pb charges no fees,  However Puppet been saying  that PB going to end. check for your self even today he post that Pb only going to be around weeks more and might even to be able to work out six month bet. Because Pb not going to be around long. I've challenged that.  I stick by it,
20  Economy / Services / Re: PB Mining -- 5 year mining contracts! on: November 29, 2014, 05:04:57 AM
Total nonsense Jimothy,I think I was very clear. If pb fails, were all going to be talking about it out here, if that day comes its not going to be did it fail or did it not, if you didnt get your payment , it failed , High hopes for ever getting any more payments.  Funny how you think I dont understand things. How many people in the past many ponzi's got a soft landing? did they have hope?  hope that they going to get their 200 bucks back in that  chain letter the neighbor talked them into.  I was offered  unfair deal by puppet , that why I didn't accept his deal, can't hire two lawyers to figure bitcoin mining profitabliity  and how much of to blame on PB.  
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