Is miningunited.com a SCAM, turning .1 bitcoins into .137 for almost free?

[Doomsby]

I saw a few posts on Reddit about miningunited.com and that it was legit but I do not see how it is possible, he would be better off just mining? Does anyone else think this seems really fishy? I put a BTC.02 order in to see how it would go.  


EDIT 5/16/13: miningunited.com is now CLOSED. Emailing them returns an instant auto-reply email that says:


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[Signus]

What exactly does a .02BTC order do for you?

Would it scale the same, and turn your .02 into 0.0274? If so, let me know. And let me know what the timeframe is like.

[HeRetiK]

according to this thread the "payouts" don't appear on the blockchain, so most probably a scam:

http://www.reddit.com/r/BitcoinMining/comments/1ci7ur/is_mining_worth_starting_this_late_in_the_game/c9gqn7i

[Doomsby]

Would there be a way to report something like this? Or at least flag it?

[nomabitva]

Let us know how it works out.  It could be a pyramid scheme.

How many Mhps do you think he is getting?

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html

I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

[Doomsby]

I will crunch some rough numbers.

7950x10: 500-600/ea = 5-6 GH/s
7970x10: 600-700/ea = 6-7 GH/s

So something like ~11-13 GH/s

Calc says it is $56-66/day

That is, if he even has those kind of specs 

[HeRetiK]

Let us know how it works out.  It could be a pyramid scheme.

How many Mhps do you think he is getting?

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html

I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

...why the hell would you put a 1TB SSD into a mining rig O.o

[Doomsby]

...why the hell would you put a 1TB SSD into a mining rig O.o

I was thinking that exact same thing 

[legendster]

So this is a scam ?


COULD some senior guys invest & inspect this for us

[lexm]

probably scam... let it go...

[Oldie]

Until you get at least 2 verifications always assume a scam.  This looks like one.

[zeryl]

I don't see how taking in bitcoins is going to get you more in return, unless he's really turning them around, getting new hardware, and paying out at some point.  Doesn't seem like a wise investment.  Keep your bitcoins, and sell em yourself at some point.  There's been enough fluctuation in the market for you to get a good return on your own (in my not so educated opinion)

[cp1]

For 500 MH/s he pays 0.011 BTC in 72 hrs.  According to http://www.bitcoinx.com/profit/ 500 MH/s would generate 0.084 BTC in that amount of time.  So he keeps 87% and has your 0.02 capital for 3 days.  He must buy more hardware with the capital and it acts like a loan for him, where he borrows 0.02 for 3 days and pays 0.011 (55%) interest?

It's interesting that the % payback decreases as you "invest" more BTC.

[dennis97519]

Let us know how it works out.  It could be a pyramid scheme.

How many Mhps do you think he is getting?

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html

I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

...why the hell would you put a 1TB SSD into a mining rig O.o

and barracuda is not SSD. It's HDD.

[legendster]

Let us know how it works out.  It could be a pyramid scheme.

How many Mhps do you think he is getting?

Windows 7 Pro
Cooler Master HAF XB Case
OCZ ZX 1250W PS
ASUS F2A85-V Pro
AMD A10 5800K APU
2x Sapp Radeon HD 7970
2x Gig Radeon HD 7950
PCI-E x1 x16 Riser Cable
12GB DDR3 RAM
Seagate Barracuda SSD 1TB
x5

- http://miningunited.com/server.html



all SSD'S ARE HDD'S not the other way around.
I guess that x5 at the bottom indicates he has 10x 7970s and 10x 7950s.

...why the hell would you put a 1TB SSD into a mining rig O.o

and barracuda is not SSD. It's HDD.

[bcpokey]

Did the OP ever get a payout?

[AskMiners.com]

Looks like a pyramid scheme to me...

[bcpokey]

Well, I can't believe it's anything but BS, which is too bad.

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
   Domain Name: MININGUNITED.COM
      Created on: 15-Apr-13
      Expires on: 15-Apr-14
      Last Updated on: 15-Apr-13

 Registrant:
   Domains By Proxy, LLC
   DomainsByProxy.com

Created on the 15th of april, with only one year of registration (minimum possible), through a proxy registrant. Payout is ~30% in 3 days, with no limits. No real clear explanation of how any of this would be possible.

[StargateUbisoftSparkle]

Simple rule. If it's easy to get money, it's a scam.

[legendster]

Simple rule. If it's easy to get money, it's a scam.

Wrong rule.

Rule breaker = Buy a 6990, Mine Bitcoins, Get money. Easy enough ^_^