Rent space on a mining server. Mining United, Make extra bitcoins.

[blueblade123]

Hey guys, I've been a long time lurker and I finally registered to post about MiningUnited.com

This is a website for renting a mining rig for short term gain. You get a set amount of bitcoins depending on the package you "purchase".

I've been using them for about 3 weeks now, and have gotten paid out multiple times. Most miners can make more mining on their own, with their own hardware, but this is a way to supplement your current mining income. I'm mining on my rig, and sending bitcoins to MiningUnited.com to make extra bitcoins. They seem to make their money off of Premium membership fees.

The current price structure for mining packages are:
0.05 for 3 days of mining will get you: 0.0662 back
0.10 for 3 days of mining will get you: 0.1339 back
0.25 for 4 days of mining will get you: 0.3517 back

I would suggest you check them out. (I do not own, run, or sponsor this website, just passing along information.)

http://www.miningunited.com/index.html


MOD EDIT:
Possibly a scam, read this thread

[tysat]

This seems sketchy

EDIT:
Read some more and it's probably a scam, posted a warning in the first post.

[btceic]

Hey guys, I've been a long time lurker and I finally registered to post about MiningUnited.com

This is a website for renting a mining rig for short term gain. You get a set amount of bitcoins depending on the package you "purchase".

I've been using them for about 3 weeks now, and have gotten paid out multiple times. Most miners can make more mining on their own, with their own hardware, but this is a way to supplement your current mining income. I'm mining on my rig, and sending bitcoins to MiningUnited.com to make extra bitcoins. They seem to make their money off of Premium membership fees.

The current price structure for mining packages are:
0.05 for 3 days of mining will get you: 0.0662 back
0.10 for 3 days of mining will get you: 0.1339 back
0.25 for 4 days of mining will get you: 0.3517 back

I would suggest you check them out. (I do not own, run, or sponsor this website, just passing along information.)

http://www.miningunited.com/index.html

http://www.miningunited.com/trans.html

I call BS that you do not have a vested interest:

Get up to 1.0 BitCoin, free:
Receive a payout? Like our service?  Like what we're doing here?
Send us a link showing where you recommend us on a media outlet: forum, blog, reddit, youtube, or other and receive up to 1.0 BitCoin! Bonus amount varies based on the impact your recommendation has.

[blueblade123]

http://www.miningunited.com/trans.html

I call BS that you do not have a vested interest:

Get up to 1.0 BitCoin, free:
Receive a payout? Like our service?  Like what we're doing here?
Send us a link showing where you recommend us on a media outlet: forum, blog, reddit, youtube, or other and receive up to 1.0 BitCoin! Bonus amount varies based on the impact your recommendation has.

I didn't think that would be a problem. They have paid me out everytime I've sent bitcoins. I'm not sure what kind of proof I could give on it.

Here's a screenshot of my wallet, if that helps:



Heck, here's my Wallet ID, so you can compare to Mining United's list of payouts.

Wallet ID: 1PSnLUwMqAa6qXb9XkMcFekAsntJbHwNNx

Hell, I could even post a email thread I've sent miningunited with questions I've asked and his answers.

I say it's not a scam. As a new user to this forum, take it with a grain of salt. You can always try the lowest package and see if you get paid out. Then use the profits to build upon, so at the most you're risking 0.05 btc.

EDIT: In regards to the link you posted in my original thread: I looked through that forum post and came across the section about the payouts not appearing in Blockchain. Would it help if I posted my conformation links from Blockchain? I don't want to be accused of being a scammer, or anything. I just wanted to tell people on the forum that I visit often, about what I've ran across and how it's worked for me.

Now, if I happened to get 1 BTC for posting a message about my experience, great! Is that a problem?

[blueblade123]

So with proof like this, can we re-edit my original post and remove the Big, Red, Scam warning?

[tysat]

So with proof like this, can we re-edit my original post and remove the Big, Red, Scam warning?

Hell no, it still looks super sketchy.  I don't believe this kind of thing can last.

[nocompare]

Hello my name is Ahmad

I want to share my experience of using services miningunited.com

at the beginning I think this similar ponzi and scam .. but NOW! I get a 0.1 bitcoin from miningunited.com only by 0:25 for 3 days

no longer click ads, view video ads, enter the bitcoin address on a few websites that just give you a little free bitcoin ..

change my mind how to get bitcoin easily without any effort, because miningunited.com has helped me to get bitcoin easily.. Thanks miningunited You saved my time .. and they are also quick response

this is my payment proof



Thanks

[BitCoinNewGuy]

Hell no, it still looks super sketchy.  I don't believe this kind of thing can last.

Will give 1.0 BitCoin to anyone who can prove Mining United is a pyramid scheme or scam. Go to their website, they are not accepting new users or new purchases at this time.

+1 for me and -1 to all those who thought they were using new purchases to pay out old as a "pyramid scheme".

...oh look I just got another .1339 payout! 

[pornluver]

They are not accepting new users? And they still pay?

[tysat]

Hell no, it still looks super sketchy.  I don't believe this kind of thing can last.

Will give 1.0 BitCoin to anyone who can prove Mining United is a pyramid scheme or scam. Go to their website, they are not accepting new users or new purchases at this time.

+1 for me and -1 to all those who thought they were using new purchases to pay out old as a "pyramid scheme".

...oh look I just got another .1339 payout! 

So you think 8.9% interest compounded daily is legit?  Because that's what the .25 BTC one is.  No way that is a business plan.

[blueblade123]

I think you're not understanding how it would work. Now, I don't know exactly how they do it either, but this is what I can gather from their website.

I rent a server for $500 a month, with $100 in electricity. (easy numbers, not an exact quote of course.)

My costs every month are going to be $600 total just to mine bitcoins. This is a flat rate, always going to pay it whether I mine bitcoins, or run a Quake 3 server.

I can make $1000 a month mining bitcoins with this server. That's a $400 profit, after taking out electricity and rent.

Now, if I can get someone to rent this server from me for 1 month, and pay me $600 a month for it, and only expects $700 in bitcoins, then I cover my cost of the server, the electricity, and I still keep $300 in my pocket. I'm not going to pay them $1000 worth of bitcoins to rent the server, I'm going to hold some back.

My guess is that if they are charging 0.25 for 3 days on their server, then over those 3 days, they are making 1.0 bitcoins, and only giving back 0.35, netting a profit of 0.65. All with no risk to themselves.

Now, I could retype all of that substituting Bitcoins in the small denominations like .02, .05, .10 and what-not, but it's 6:35AM in the morning, I've had a half a cup of coffee, and crusty eyes, so I don't have the mental power to do the calculations.

Now, I'm also going to try selling Premium memberships... That's just cash in my pocket above and beyond what I'm making. Who knows, maybe I'll throw a couple of ads on the front page to make a little extra. The ads will help, because no sponsor wants to work with you upfront unless you already have an established user base. Just like any website, you have to get the users first, before you can get the money.

That's how I see it.

EDIT: I also reserve the right to edit my post when I wake up a little more.

[tysat]

I think you're not understanding how it would work. Now, I don't know exactly how they do it either, but this is what I can gather from their website.

I rent a server for $500 a month, with $100 in electricity. (easy numbers, not an exact quote of course.)

My costs every month are going to be $600 total just to mine bitcoins. This is a flat rate, always going to pay it whether I mine bitcoins, or run a Quake 3 server.

I can make $1000 a month mining bitcoins with this server. That's a $400 profit, after taking out electricity and rent.

Now, if I can get someone to rent this server from me for 1 month, and pay me $600 a month for it, and only expects $700 in bitcoins, then I cover my cost of the server, the electricity, and I still keep $300 in my pocket. I'm not going to pay them $1000 worth of bitcoins to rent the server, I'm going to hold some back.

My guess is that if they are charging 0.25 for 3 days on their server, then over those 3 days, they are making 1.0 bitcoins, and only giving back 0.35, netting a profit of 0.65. All with no risk to themselves.

Now, I could retype all of that substituting Bitcoins in the small denominations like .02, .05, .10 and what-not, but it's 6:35AM in the morning, I've had a half a cup of coffee, and crusty eyes, so I don't have the mental power to do the calculations.

Now, I'm also going to try selling Premium memberships... That's just cash in my pocket above and beyond what I'm making. Who knows, maybe I'll throw a couple of ads on the front page to make a little extra. The ads will help, because no sponsor wants to work with you upfront unless you already have an established user base. Just like any website, you have to get the users first, before you can get the money.

That's how I see it.

EDIT: I also reserve the right to edit my post when I wake up a little more.

I don't care what your logic is.... they're basically taking short term loans payingalmost  9% interest daily, it's not feasible to do that.

[blueblade123]

I don't care what your logic is.... they're basically taking short term loans payingalmost  9% interest daily, it's not feasible to do that.

Ok, I see this is a losing battle with you... Proof provided, proof of concept given, and explanation of how it could be possible given. It is a small term loan, that pay's back interest. It's possible they will fold. But as of right now, it works, and it's paying back money.

[tysat]

I don't care what your logic is.... they're basically taking short term loans payingalmost  9% interest daily, it's not feasible to do that.

Ok, I see this is a losing battle with you... Proof provided, proof of concept given, and explanation of how it could be possible given. It is a small term loan, that pay's back interest. It's possible they will fold. But as of right now, it works, and it's paying back money.

As of right now it is, but will it continue?  With someone paying interest this high it has to collapse at some point.

[MiningUnited]

As of right now it is, but will it continue?  With someone paying interest this high it has to collapse at some point.

We hope to continue this service long term, but you are right. Eventually when the new generation of BitCoin slows to a trickle, or the mining difficulty becomes too high, we will not be able to make such payouts. Rather than 'collapse' payouts will just get so small they will become insignificant and we will discontinue our services.

[firefop]

Sorry - site screams scam to me.

Having a gpu farm myself, I'm not buying the system specs and the ability 'rent daily' - if you're able to rent that equipment daily then you'd simply be better off using it to mine yourself.

Nice try - but buyer beware.

[MiningUnited]

Sorry - site screams scam to me.

We will not try to convenience you otherwise, because we know nothing will change your mindset at this point, and respect that.

There are:
1) Those who think our service is a scam
or
2) Those who use our service and earn extra BitCoin

if you're able to rent that equipment daily then you'd simply be better off using it to mine yourself.

Well, that is the ultimate goal.
Imagine an apartment complex with 5 living quarters. You are renting out 4 spots and live in the last. You have the 4 other pay for the mortgage and you live there free. Once they have paid for the mortgage, you own the entire place, never paying a dime.

We do however, get a great sense of pride by helping the BitCoin community by providing a service for those who can't mine or don't know how. So it is 'true' we could be better off "keeping it all to ourselves", but why the greed?

[borandi]

I rent a server for $500 a month, with $100 in electricity. (easy numbers, not an exact quote of course.)

My costs every month are going to be $600 total just to mine bitcoins. This is a flat rate, always going to pay it whether I mine bitcoins, or run a Quake 3 server.

I can make $1000 a month mining bitcoins with this server. That's a $400 profit, after taking out electricity and rent.

Now, if I can get someone to rent this server from me for 1 month, and pay me $600 a month for it, and only expects $700 in bitcoins, then I cover my cost of the server, the electricity, and I still keep $300 in my pocket. I'm not going to pay them $1000 worth of bitcoins to rent the server, I'm going to hold some back.

My guess is that if they are charging 0.25 for 3 days on their server, then over those 3 days, they are making 1.0 bitcoins, and only giving back 0.35, netting a profit of 0.65. All with no risk to themselves.

Now, I could retype all of that substituting Bitcoins in the small denominations like .02, .05, .10 and what-not, but it's 6:35AM in the morning, I've had a half a cup of coffee, and crusty eyes, so I don't have the mental power to do the calculations.

Now, I'm also going to try selling Premium memberships... That's just cash in my pocket above and beyond what I'm making. Who knows, maybe I'll throw a couple of ads on the front page to make a little extra. The ads will help, because no sponsor wants to work with you upfront unless you already have an established user base. Just like any website, you have to get the users first, before you can get the money.

That's how I see it.

Pretty much this is how it would come to pass.  You buy a house, but rent out 80% of it to pay the mortgage and get a little extra (if you can convince people it's worth it).  Over time the house is paid for, you have equity, and you could reinvest.

These people could, over time, build more rigs as they build equity.  Those that 'invest'  get a 9% return, and when no-one is invested, they mine coins for themselves. They're dealing with all the hardware issues, any downtime, and will have a pool in case of severe downtime to pay off those who have invested at a small loss to the website.   

It's a pretty smart idea.  Obviously only invest in as much as you can afford to lose, just in case.

[MiningUnited]

It's a pretty smart idea.  Obviously only invest in as much as you can afford to lose, just in case.

 

Those who think we are going continue this service "long term" are insane. That is impossible. Payouts vary too, we don't always pay the same amount!

We have raised over 1,450 BitCoin on and off the website to raise funds for mining equipment! Guess how much we have put into it: 0.00    We would consider this a huge success.

We are approaching the point where we have so much seed investment that we can purchase "endless fields, Neo. Endless fields" of mining equipment - not a single Satoshi paid by us.

Now, I'm also going to try selling Premium memberships... That's just cash in my pocket above and beyond what I'm making.

So far with what we have sold in premier memberships we could purchase 3x BitForce 50GH/s Butterfly Labs miners. Not bad. But most we actually just give back with awards and bonuses and are continuing to do so to those who were with us in the beginning.

[pjheinz]

Sounds legit to me im in