I was hoping someone else would do this, but halas.

Im just looking at your payment from 23.11. You received 0.0447413 BTC.
I cant know if you had 555.8 GH for the entirety of that week or if you bought  the additional 5 GHs during that week, but that shouldnt matter too much as its only 1%.

Your payment was for the mining period between 16.11 and 23.11. During 16 and 17th difficulty was 39,603,666,252 and those two days should have netted you 0,007058 x 2= 0,01417 btc. During the next 5 days, difficulty was the same as today and you should have earned 0,006936 x5 =0,034675 BTC
Total= 0,048845 BTC

You got paid ~10% less than that. Even if you bought the 5GH on the last day of the week and if the difficulty change moments dont match with my assumptions, you got underpaid.


Anyone feel like double checking my math or testing another datapoint?

Everyone who's invested in this and hasnt made 100% ROI (that they did not reinvest) has lost money on this and are just hoping to get it back one day.

The question is how likely that is to happen. Using past payments is the most terrible criterion to judge that, because every ponzi will pay out until the day they no longer do. Im sure you asked the same question about BT trader, Pirate, and countless ponzi's before that, and if you judged their trustworthiness based on that, you will have lost all your money.

Now Im sure you know all that and just trying to deceive new investors to cough up fresh coins needed to pay your profits with. Let me quote you:

Bitcoinwisdom is better if there is a clear trend. It extrapolates the trend over the last x blocks, and assumes that trend will continue. Historically, its clear that will work better than just averaging the last x blocks like most other sites do, because there has almost always been a very strong upwards trend. But Bitcoinwisdom tends to exaggerate trends and right now, Im not so sure if the recent surge is even a trend or just statistical noise like the earlier drop. (Im pretty sure there will be another very strong upward trend once new generation miners come out, but Im dubious that has already started).

As is any for-profit company. But we dont call them scams unless they fail to comply with their contractual obligations. The purpose of this list is to help determine how (un)likely it is an operator will honor the contracts its selling, not to determine how (un)profitable those contracts may be, either for the seller or buyer.


No offense, but if you actually followed the petamine thread, you must have noticed I was one of the only people there that actually understood what was going on and quite accurately predicted what was going to happen. So dont tell me that I "dont understand".

Peta was a hugely overpriced IPO, but you can not blame the issuer for market demand. You are also mistaken in your assumption the p2pool switch rumor was to boost price; the operator holds no shares in peta, he has no incentive to boost the price post IPO. Its silly investors who thought that rumor was somehow going to boost the price, in reality switching to P2Pool would have been a really stupid decision, shareholders should be grateful he did not.

First of all, pbmining is not a company. If you think it is, show me the registration. Its just a name an anonymous scammer came up with.
Secondly, the only electricity bill he has to pay for, is for his laptop and possibly the 85" plasma and Tesla car he bought with his victims coins.
Thirdly, if you think he could end up loosing money, I have a bridge profitable cloudmining contract to sell to you.
 

You begin by ignoring 'advice' of anyone with a paid for signature or referral link.
Then you do some research and find that most cloudmining offers are pure scams (this may help https://bitcointalk.org/index.php?topic=878387)

THen you do some math and discover that the one's that are possibly not scams are extremely unlikely to yield you a profit.
Then you repeat the same process for mining with your own hardware and you come to the same conclusion
THen you come to your senses and invest in bitcoins and you put them in cold storage.

They may all be bad investments, that doesnt mean they are all the same. Unlike you I do see a big difference between an anonymous scammer who's sole intent is to steal your coins the moment his ponzi implodes and a real, identifiable company thats selling provable hashrate that may or may not yield a profit, depending solely on future difficulty. Read the disclaimer too.

After reading some more, Ive decided to update my rating for GAW's cloudmining:


https://bitcointalk.org/index.php?topic=878387

This is provisional, Ill update this if  things change, but after a pm conversation which showed at least he does know what he is talking about, I paid for a test card, OP has gone silent on me since.

Card is supposed to be in the mail, Ill report back when I receive it.

2014: The year of the mining ponzi's

Please reread the post above yours carefully. Then if you can find any endorsement of any kind for their "Generation 1", please do link.

Nothing gives 100% certainty, but you can be fairly confident that as long as scammers can make 100s or 1000s of BTC without complying with any of my criteria, no sane scammer is going to bother setting up an elaborate scam that complies to all, or or nearly all of them.


Thats far too subjective, and for the most part covered (and explained) by the "referral program" red flag.

Its been zero divs on the 22nd, the 26th and today, the 30th.


What peta shares are doing was completely predictable (and predicted). You cant blame the issuer for the demand (/stupidity) that existed, which caused an absurdly high market price that could never ROI in any sensible scenario. If you bought in to that, you only have yourself to blame. Its not like I didnt go out of my way to point out the obvious.

Now despite everything Ive been posting in this thread, compared to the real "festering wound" that are all those ponzi's, I actually think peta is a pretty darn good example of how to run a cloudmining operation transparently. No one doubts he has the hashrate, everyone knows who to sue if you think you have a case. I certainly wish there where more companies like that.

Do you even know what a ponzi is?  Its a scam. It can only pretend to offer high rewards right until when it collapses because not enough new investors buy in to it, and the scammer runs off with the loot.  Calculate your "profits" if you bought last month and pbmining runs off next month.

Only ponzi's with no hardware can pay out theoretical yields without including electricity and maintenance fees. AMhash fees are clearly published, do the math, and if you still cant figure it out, please take it to the appropriate thread.

Which is not inconsistent with "before February", and which BTW, isnt my assessment, its what I deduce to be yours.

Because
1) the question about cex.io has been answered
2) cex.io payments (afaik) are consistent with their published fees and pool luck
3) AMhash payments are consistent with their published fees and pool luck (and far from negative atm)
3)  this thread is about pbminig

pbmining was online a few minutes ago. He chooses not to tell you.

My best guess is that he is testing Anya's theory that reducing payouts without reason or cause is a good way to increase credibility in this scam. If enough investors are as delusional and as she is -and Ill have to assume a quite high level of delusion among people who invest money in a scam as obvious as this- it might even work.

I cant make out from those transactions how much you were paid, because I dont know your address. The transaction contains 100s of payouts.

It says:


Today is the 30th.

So question to Amhash: what happens if/when hashie (silently) stops forwarding payments and contract info to you? atm there is a delay of more than a week before anyone COULD notice, so customers who paid to Hashie before anyone noticed, will you honor those contracts? How would customers prove to you they ordered at all?