StakeMiners: restricted withdrawals, falsified stats, insolvent. Do not invest!

[blacklizard]

It looks like Quotient (XQN) has been added to the pool but there is no wallet address or screenshot for it. I think I read somewhere that the XQN deposit was donated by the devs but I can't that post now.

Leroy posted that on StakeMiner's Facebook page and I think Aether or Allen posted screenshot on the GHforum (couldn't find the post on the quick either...)

[suchmoon]

WARNING! Long post! Grab a beer and sit back or scroll to the bottom for a tldr.

This is a calculation of StakeMiners assets based on the latest published wallet data. Whenever I say "current" below I mean "current as of the time of this post give or take a couple of hours". The usual caveats apply - don't rely on these numbers for any kind of financial decisions, double- and triple-check everything and feel free to yell at me if you find anything wrong.

cyberpinoy posted links to block explorers for each wallet so that makes it much easier to figure out the balances. I did check if the block explorer information matches screenshot TX timestamps and amounts since I was planning to do that anyway. There was one mistmach - the Quotient "XQN Community" address was not linked from the screenshot - but the amount is negligible.

StakeMiners declared numbers:
 https://i.imgur.com/u3uRgsN.png
116.93109622 BTC Invested
Total Paid Out 100.37752948 BTC

StakeMiners exchange rates:
 https://i.imgur.com/Dcd3Mvt.png
NetCoin (NET) 0.00000129 BTC ↑
OKCash (OK) 0.00000136 BTC ↑
HyperStake (HYP) 0.00000192 BTC ↑
HYPER (HYPER) 0.00020840 BTC ↑
Tekcoin (TEK) 0.00002298 BTC ↑
PayCon (CON) 0.00000540 BTC ↑
BitBean (BITB) 0.00000023 BTC ↑
BottleCaps (CAP) 0.00000926 BTC ↓
Diamonds (DMD) 0.00101148 BTC ↓
HoboNickels (HBN) 0.00003147 BTC ↑
RateCoin (XRA) 0.00000246 BTC ↑
Quotient (XQN) 0.00000112 BTC ↑
AmberCoin (AMBER) 0.00012690 BTC ↑
Reddcoin (RDD) 0.00000004 BTC ↑

The following is a list of StakeMiners wallets based on wallet screenshots published October 17, 2015.

Netcoin wallet screenshot: https://stakeminers.com/images/stakewallet1.jpg
Netcoin wallet screenshot backup: http://i.snag.gy/eZnu3.jpg
Netcoin wallet address: http://www.presstab.pw/phpexplorer/NET/address.php?address=nRAWBySK7wAm57biV9uNGASzWPZhsMPsQC
Netcoin wallet match: stakes and timestamps on blocks 803019 and 803034 match the screenshot
Netcoin wallet time offset: screenshot timestamp - 6 hours = explorer timestamp (seems to be missing AM/PM)
Netcoin wallet current balance: 20,648,868.803026 NET = 26.63704076 BTC

OKCash wallet screenshot: https://stakeminers.com/images/stakewallet2.jpg
OKCash wallet screenshot backup: http://i.snag.gy/Hg9Et.jpg
OKCash wallet address 0 (StakeMiners): https://chainz.cryptoid.info/ok/address.dws?PXXGsfjUYZ6XVGkrqqPdZ25jHB7h5PqSzu.htm
OKCash wallet address 1 (StakeMiners1): https://chainz.cryptoid.info/ok/address.dws?PNvteSog3F4nQpzGSyyuqhuj1A3h8dYJye.htm
OKCash wallet address 2 (StakeMiners2): https://chainz.cryptoid.info/ok/address.dws?PQorSwRmkbVJCMxGayqq74uhzr1svbowb8.htm
OKCash wallet time offset: screenshot timestamp - 12 hours = explorer timestamp
OKCash wallet match: stakes and timestamps on blocks 449078, 449456, 449509, 449574, 449503, 449584 match the screenshots
OKCash wallet current balance: 2756549.82231276 OK = 3.74890776 BTC

HyperStake wallet screenshot: https://stakeminers.com/images/stakewallet3.jpg
HyperStake wallet screenshot backup: http://i.snag.gy/WEmom.jpg
HyperStake wallet screenshot balance: 1637158.359661 HYP
HyperStake wallet address: http://www.presstab.pw/phpexplorer/HYP/address.php?address=p7vC2g61JMvguY5Pj9DtZJS6NK6Q5B5q4F
HyperStake wallet match: timestamps on blocks 468064 and 468097 match the screenshot, balance ~ matches the screenshot
HyperStake wallet time offset: screenshot timestamp - 8 hours = explorer timestamp
HyperStake wallet current balance: 1624886.25 HYP = 3.11978160 BTC

TEKcoin wallet screenshot: https://stakeminers.com/images/stakewallet4.jpg
TEKcoin wallet screenshot backup: http://i.snag.gy/dsUqe.jpg
TEKcoin wallet address: http://www.presstab.pw/phpexplorer/TEK/address.php?address=BjSZyef8BbVgdGCGViKJ6R3CEWfRMSn9tv
TEKcoin wallet match: stakes and timestamps on blocks 1211896 and 1213959 match the screenshot
TEKcoin wallet time offset: screenshot timestamp - 6 hours = explorer timestamp
TEKcoin wallet current balance: 189270.45906000 TEK = 4.34943515 BTC

PayCon wallet screenshot: https://stakeminers.com/images/stakewallet5.jpg
PayCon wallet screenshot backup: http://i.snag.gy/j03Hk.jpg
PayCon wallet screenshot balance: 421968.241237 CON
PayCon wallet address: http://www.presstab.pw/phpexplorer/paycon/address.php?address=PVKVPfVB3yijNaL2jRPx9NPF2TjbwLAiTk
PayCon wallet match: stakes and timestamps on blocks 393808 and 393851 match the screenshot, balance ~ matches the screenshot
PayCon wallet time offset: screenshot timestamp - 6 hours = explorer timestamp (seems to be missing AM/PM)
PayCon wallet current balance: 461,912.391237 CON = 2.49432691 BTC

BitBean wallet screenshot: https://stakeminers.com/images/stakewallet6.jpg
BitBean wallet screenshot backup: http://i.snag.gy/xIPX0.jpg
BitBean wallet address: https://chainz.cryptoid.info/bitb/address.dws?2X8bqUvaSRkbkQ2MCnkjnoK2qWMLUNEpFj.htm
BitBean wallet match: stakes and timestamps on blocks 376499 and 376546 match the screenshot
BitBean wallet time offset: screenshot timestamp - 12 hours = explorer timestamp
BitBean wallet current balance: 7,609,696.48410332 BITB = 1.75023019 BTC

Diamond wallet screenshot: https://stakeminers.com/images/stakewallet7.jpg
Diamond wallet screenshot backup: http://i.snag.gy/1YGQK.jpg
Diamond wallet address: https://chainz.cryptoid.info/dmd/address.dws?dY4RBAxdyxycfFXXCRUgByta5oKio7zEV2.htm
Diamond wallet match: stakes and timestamps on blocks 1187327 and 1188808 match the screenshot
Diamond wallet time offset: screenshot timestamp - 12 hours = explorer timestamp
Diamond wallet current balance: 5,009.136705 DMD = 5.06664159 BTC

BottleCaps wallet screenshot: https://stakeminers.com/images/stakewallet8.jpg
BottleCaps wallet screenshot backup: http://i.snag.gy/ugXsN.jpg
BottleCaps wallet address: http://www.presstab.pw/phpexplorer/CAP/address.php?address=Ev8nEYQaDMzKWd1WNvTVPcFmymVbEdrYWM
BottleCaps wallet match: stakes and timestamps on blocks 1426930 and 1428705 match the screenshot
BottleCaps wallet time offset: screenshot timestamp - 8 hours = explorer timestamp
BottleCaps wallet current balance: 217319.859375 CAP = 2.01238190 BTC

Hyper wallet screenshot: https://stakeminers.com/images/stakewallet9.jpg
Hyper wallet screenshot backup: http://i.snag.gy/0Nrez.jpg
Hyper wallet address: https://chainz.cryptoid.info/hyper/address.dws?HLiszCKnW5fXPMp2VzizmDQTT1xiob46Jt.htm
Hyper wallet match: stakes and timestamps on blocks 1662204 and 1662341 match the screenshot
Hyper wallet time offset: screenshot timestamp - 8 hours = explorer timestamp
Hyper wallet current balance: 48,516.6535 HYPER = 10.11087059 BTC

HoboNickels wallet screenshot: https://stakeminers.com/images/stakewallet10.jpg
HoboNickels wallet screenshot backup: http://i.snag.gy/8ucJd.jpg
HoboNickels wallet screenshot balance: 19055.841518 HBN
HoboNickels wallet address: http://hbn.cryptocoinexplorer.com/address?address=F5Vcy6RZxHz1JVtSLZzsRsx2iMKFY2VMRw
HoboNickels wallet match: stakes and timestamps on blocks 2775923 and 2781052 match the screenshot
HoboNickels wallet time offset: screenshot timestamp - 8 hours = explorer timestamp
HoboNickels wallet current balance: 76552 HBN = 2.40909144 BTC

RATECoin wallet screenshot: https://stakeminers.com/images/stakewallet11.jpg
RATECoin wallet screenshot backup: http://i.snag.gy/HPnmz.jpg
RATECoin wallet screenshot balance: 568638.05773404 XRA
RATECoin wallet address: http://www.presstab.pw/phpexplorer/XRA/address.php?address=RMaFar2zDvEFaQDosACzrWbAyJS2VyJ1Ex
RATECoin wallet match: stakes and timestamps on blocks 149907 and 149908 match the screenshot
RATECoin wallet time offset: screenshot timestamp - 8 hours = explorer timestamp (seems to be missing AM/PM)
RATECoin wallet current balance: 502,947.382029 XRA = 1.23725056 BTC

Quotient wallet screenshot: https://stakeminers.com/images/stakewallet12.jpg
Quotient wallet screenshot backup: http://i.snag.gy/dKDLm.jpg
Quotient wallet address (StakeMiners): http://www.blocktree.io/address/XQN/QZHfSfp9WBcTzs2zCMvf7WVbQBmRQdVaUo
Quotient wallet address (XQN Community): http://www.blocktree.io/address/XQN/QPdt2qDz6QRj88irSEqM3CMmQuTEzUTwK8
Quotient wallet match: stakes and timestamps on blocks 505850, 505997, 505621, 506059 match the screenshot
Quotient wallet time offset: screenshot timestamp - 8 hours = explorer timestamp
Quotient wallet current balance: 132313.88988 XQN = 0.14819156 BTC

(edit: added BTC wallet https://www.walletexplorer.com/wallet/163c677c48a3548e/addresses as pointed out by Bruno)

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

One major difference from the last calculation (about a month ago) is that the Netcoin value dropped by ~30% resulting in a ~13 BTC loss for StakeMiners.

Edit2: fixed some copy pasta errors and typos.

[Gleb Gamow]

^^^ Nice work, Suchmoon. You put in more work in the above post than what StakeMiners' investards should've already done during the due diligence stage when contemplating sending a single satoshi Leroy Fodor's way. HAHAHA

Rest assured that Leroy Fodor WILL come around and explain the missing coinage as not missing but used for maintenance cost aka living expenses unrelated to StakeMiners. The day Leroy Fodor fucks up, one of StakeMiners' principles will have a lot of explaining to do at HER current place of employment given that Leroy's on record in declaring that his wife is a partner in the venture. HAHAHA

[vancefox]

Interesting... very interesting... who ever would have thought that trusting a third party with your money inside a community built on the basis of mistrust to and for all would be a bad idea...

It's just amazing...

[suchmoon]

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

I'm new here, looking for ways to invest my BTC holdings.

Can someone please explain to me how StakeMiners is not a fraud based on these findings ?

Fraud implies a deliberate wrongdoing, so technically it could be not a fraud if we assume that cyberpinoy is incompetent but not a criminal.

But that doesn't really change anything from the investor's perspective. StakeMiners is insolvent, stay away.

Consider holding your BTC holdings. Guaranteed 100% ROI.

[Phildo]

TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")

I'm new here, looking for ways to invest my BTC holdings.

Can someone please explain to me how StakeMiners is not a fraud based on these findings ?

It appears to be one, it's just hard to actually prove because of the lack of information provided from them. They never recalculate the value of investments when the price of the underlying coins drops, so it's likely that they have been running with a deficit since the first payout.

That plus the constantly changing TOS, the lack of being able to show the math for how they calculated the withdrawal fee when the last BOI member bailed, and many other reasons seem like this is a bad idea.

If you are going to invest your coins make sure someone has a way to earn bitcoins regardless of price, because as soon as you give your coins to someone else they have them are able to fuck you over if the price changes. the only thing that looks to make sense to me is casinos, but you are on your own to figure out which of those are run by reputable people who won't just rob you.

[dooglus]

I am looking for investment opportunities not casino games.

He is suggesting investing in a casino, not playing at one.

[suchmoon]

It's been ~4 days since I posted my calculations showing that StakeMiners assets are worth LESS than cyberpinoy declares as thier "holdings".

~67 BTC actual assets, ~117 BTC declared, or approximately 50 BTC or ~40% less. In other words StakeMiners doesn't have funds to pay out all investors and also its staking pool capacity is significantly lower than the declared amount.

Cyberpinoy doesn't appear to think that it's important enough to explain this difference to his investors. There was no response from him aside from some indirect and vague rebuttals in his locked thread, e.g.:

https://bitcointalk.org/index.php?topic=989670.msg12733122#msg12733122

Please note that altcoin wallet screen shots are meant to provide general information on the altcoins held and their recent staking activity. The screen shots do not reflect every transaction nor the total value of Stakeminers' holdings.

... however cyberpinoy failed to provide any additional sources for "the total value of Stakeminers' holdings" so to be safe we should assume that StakeMiners remains insolvent.

Please note that StakeMiners announced TOS changes that would take effect on November 1 and would impose additional limits on withdrawals in an apparent attempt to mask the solvency issue. If you have an investment in StakeMiners please review sections 24, 25, 26 of the new TOS and consider withdrawing before November 1st.

https://stakeminers.com/terms.php

[suchmoon]

Here is a comparison of StakeMiners assets between ~3 weeks ago and today. As you can see the real value declined by ~16 BTC or ~24% while @cyberpinoy is claiming a ~5 BTC or ~4% increase. At this time StakeMiners shows less than half of its declared assets: 51 BTC vs 122 BTC.



I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalk.org/index.php?topic=1167201.msg12721192#msg12721192

[Gleb Gamow]

Thanks for the followup, suchmoon, in putting in the extra effort in exposing the venerated Leroy Fodor,
the "in"-thing to do. HAHAHA

[notaek]

I wonder why you guys are still digging into Stakeminers when it's a confirmed scam proven from his own website?

Just look at these fake addresses and fake phone numbers bobbling freely on his site!





I guess Google Map doesn't lie





So now, Leory Fodor will claim that he is running another business alongside his Stakeminers called "Digital Interface"







And now tally the above address and phone numbers with that provided on his website's WHOIS details:

Domain Name: STAKEMINERS.COM
Registry Domain ID: 1907628068_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.tucows.com
Registrar URL: http://tucowsdomains.com
Updated Date: 2015-07-20T17:07:41Z
Creation Date: 2015-03-06T18:56:10Z
Registrar Registration Expiration Date: 2017-03-06T18:56:10Z
Registrar: TUCOWS, INC.
Registrar IANA ID: 69
Registrar Abuse Contact Email: domainabuse@tucows.com
Registrar Abuse Contact Phone: +1.4165350123
Domain Status: ok
Registry Registrant ID:
Registrant Name: Tai Bui
Registrant Organization: StakeMiners
Registrant Street: 53 Street  No3 Cu Xa Do Thanh Ward 4 Dist 3
Registrant City: Ho Chi Minh
Registrant State/Province: Ho Chi Minh
Registrant Postal Code: 700000
Registrant Country: VN
Registrant Phone: +1.849069632
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: info@stakeminers.com
Registry Admin ID:
Admin Name: Tai Bui
Admin Organization: StakeMiners
Admin Street: 53 Street  No3 Cu Xa Do Thanh Ward 4 Dist 3
Admin City: Ho Chi Minh
Admin State/Province: Ho Chi Minh
Admin Postal Code: 700000
Admin Country: VN
Admin Phone: +1.849069632
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: info@stakeminers.com
Registry Tech ID:
Tech Name: Tai Bui
Tech Organization: StakeMiners
Tech Street: 53 Street  No3 Cu Xa Do Thanh Ward 4 Dist 3
Tech City: Ho Chi Minh
Tech State/Province: Ho Chi Minh
Tech Postal Code: 700000
Tech Country: VN
Tech Phone: +1.849069632
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: info@stakeminers.com
Name Server: DNS.TROUBLE-FREE.NET
Name Server: DNS2.TROUBLE-FREE.NET

Somebody needs to send an email to domainabuse@tucows.com (Domain Registrar) regarding this confirmed scam and Boo-Yah! Stakeminers will be gone forever.....

[Xian01]

Just look at these fake addresses and fake phone numbers bobbling freely on his site!

I'm no proponent of anything related to Leroy, but, YFW you realize it's an office building...

[suchmoon]

Time to do a new comparison of StakeMiners assets between a month ago and today.

As you can see the real value declined by ~0.5 BTC or ~1% while @cyberpinoy is claiming a ~6 BTC or ~5% increase. At this time StakeMiners shows less than 40% of its declared assets: 50 BTC vs 128 BTC.


Edited 2020-11-28 to fix a broken image

I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalk.org/index.php?topic=1167201.msg12721192#msg12721192

[vancefox]

Time to do a new comparison of StakeMiners assets between a month ago and today.

As you can see the real value declined by ~0.5 BTC or ~1% while @cyberpinoy is claiming a ~6 BTC or ~5% increase. At this time StakeMiners shows less than 40% of its declared assets: 50 BTC vs 128 BTC.



I won't be reposting all addresses etc - I used the same information that's been posted here:

https://bitcointalk.org/index.php?topic=1167201.msg12721192#msg12721192

Do they have fine print that says they base every claim off the highest market exchange price to bitcoin? 

[suchmoon]

Do they have fine print that says they base every claim off the highest market exchange price to bitcoin?  

Their fine print sounds like it's written in crayons so I'm not sure:

https://stakeminers.com/terms.php

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

[vancefox]

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

[suchmoon]

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

Good point. He's trying hard to not let them... I think you have to wait 3 months to be eligible for a withdrawal and then 2 months to actually get the coins or smth like that.

[Gleb Gamow]

Leroy's thread is unlocked due him being fucked in the head and forgetting to relock it. HAHAHA I just commented: https://bitcointalk.org/index.php?topic=989670.msg13178223#msg13178223

Best get your licks in before the fucktard realizes his error. HAHAHA

[Xian01]

Leroy is stale and boring. BitStone mockery is the new hotness.

[Gleb Gamow]

The bigger problem is that cyberpinoy processes withdrawals based on his ridiculous valuation. Which is great for those who will withdraw the first 50 BTC - they'll get their full investment back. The remaining 70+ BTC is gone though, too bad for the slower bagholders.

You mean he'll actually let people withdraw his coin?

Soon, one won't be able to via Leroy's in-the-works Fodorsy Exchange. HAHAHA