Don't use Miningunited.com/btccheap.com!

[BitQuick.net]

thanks for the headsup!

[Birdy]

No problem, others will learn it the hard way.
It's sad MU probably got tons of BTCs if they decide to run away now :<

[Birdy]

and up we go

[Birdy]

anti-scam bump

[Welsh]

No problem, others will learn it the hard way.
It's sad MU probably got tons of BTCs if they decide to run away now :<

Very true, I believe this will happen. They have already got a lot of users using their service, which haven't received anything yet.
The ones that claim they have are normally low post counts and can't provide any evidence, however there are some who generally give good evidence, but MU could just do this to build up a reputation.

I have been wary of this website since it got announced, I'm not going to say it's a scam without any solid proof, but I will warn others to look into every possible aspect of the site and chose wisely.

[ranlo]

No problem, others will learn it the hard way.
It's sad MU probably got tons of BTCs if they decide to run away now :<

Very true, I believe this will happen. They have already got a lot of users using their service, which haven't received anything yet.
The ones that claim they have are normally low post counts and can't provide any evidence, however there are some who generally give good evidence, but MU could just do this to build up a reputation.

I have been wary of this website since it got announced, I'm not going to say it's a scam without any solid proof, but I will warn others to look into every possible aspect of the site and chose wisely.

I'm with you in regards to the "scam" accusations. If you deal with them, treat it like an investment. It's entirely possible that they aren't scamming and just don't understand what's going to happen long-term with their business plan. Or it could be a pyramid scheme.

[Birdy]

I'm with you in regards to the "scam" accusations. If you deal with them, treat it like an investment. It's entirely possible that they aren't scamming and just don't understand what's going to happen long-term with their business plan. Or it could be a pyramid scheme.

More like gambling than an investment.

[ranlo]

I'm with you in regards to the "scam" accusations. If you deal with them, treat it like an investment. It's entirely possible that they aren't scamming and just don't understand what's going to happen long-term with their business plan. Or it could be a pyramid scheme.

More like gambling than an investment.

In a lot of ways investments are gambling (you're essentially gambling in the hopes that your investment pays off and the company doesn't tank). So you're right, :p.

[Birdy]

In a lot of ways investments are gambling (you're essentially gambling in the hopes that your investment pays off and the company doesn't tank). So you're right, :p.

If you are investing you are giving money, because you believe in the business model / someones skills etc. If you solely rely on luck or you don't know whats going on it's gambling.

[ranlo]

In a lot of ways investments are gambling (you're essentially gambling in the hopes that your investment pays off and the company doesn't tank). So you're right, :p.

If you are investing you are giving money, because you believe in the business model / someones skills etc. If you solely rely on luck or you don't know whats going on it's gambling.

In this case, though, I don't think there's really enough proof that it's a scam ("yet"). So really what you're doing is putting up money "because you believe in the business model" (you're hoping that they really can give back more than you paid in, as a result of their hashing. The hashing and returning of funds + interest would be their business model).

[Birdy]

In a lot of ways investments are gambling (you're essentially gambling in the hopes that your investment pays off and the company doesn't tank). So you're right, :p.

If you are investing you are giving money, because you believe in the business model / someones skills etc. If you solely rely on luck or you don't know whats going on it's gambling.

In this case, though, I don't think there's really enough proof that it's a scam ("yet"). So really what you're doing is putting up money "because you believe in the business model" (you're hoping that they really can give back more than you paid in, as a result of their hashing. The hashing and returning of funds + interest would be their business model).

No, actually it's more of "you don't know whats going on", have you actually seen any evidence that they are running mining machines with the needed power?
People asked for it and it was never shown.

[ranlo]

In a lot of ways investments are gambling (you're essentially gambling in the hopes that your investment pays off and the company doesn't tank). So you're right, :p.

If you are investing you are giving money, because you believe in the business model / someones skills etc. If you solely rely on luck or you don't know whats going on it's gambling.

In this case, though, I don't think there's really enough proof that it's a scam ("yet"). So really what you're doing is putting up money "because you believe in the business model" (you're hoping that they really can give back more than you paid in, as a result of their hashing. The hashing and returning of funds + interest would be their business model).

No, actually it's more of "you don't know whats going on", have you actually seen any evidence that they are running mining machines with the needed power?
People asked for it and it was never shown.

Well, in the case of the business model itself, I don't think (even if they were purchasing the hardware) it would be sustainable due to the high interest rates. It's more of a pyramid scheme to me.

As for whether or not they are running the machines (should they be legitimate), it's possible that they are investing into something like one of the funds (ASICMINER I think is one?), rather than running their own.

[Birdy]

Well, in the case of the business model itself, I don't think (even if they were purchasing the hardware) it would be sustainable due to the high interest rates. It's more of a pyramid scheme to me.

Then the only difference between this and a ponzi scam would be their intentions.
-> you also shouldn't send any money

[BadBear]

I'm with you in regards to the "scam" accusations. If you deal with them, treat it like an investment. It's entirely possible that they aren't scamming and just don't understand what's going to happen long-term with their business plan. Or it could be a pyramid scheme.

Offering that kind of interest rate isn't a business plan, it's just retarded. If you have such an awesome business making so much profit, that you can offer that kind of interest, why do you need to borrow money in the first place?

And if you do borrow money, why do you do it in the worst way possible? Post anonymously on a forum on the internet, offering insane interest rates, with an ad that looks exactly like a ponzi, with no excuse other than a "super secret" business plan?

Nothing about it makes sense at all if you look at it from the perspective of an investor, as you say you should. That's because it isn't one, it's a con.

As you said, it's either a terrible business plan, or a scam. Neither one of those is a good investment.

[Welsh]

Just looked into it more, it's simply to good to be true.


Like Badbear said, why would they need to borrow money in the first place, they are offering insane rates.

Don't trust it one bit.

[Tiru]

Good to know, tyvm

[Illimensky]

I completely agree: it's definitely a scam.

Does anybody know what the wait time between depositing your hard-earned money and possibly getting back "more" is at this point?  Last time I checked, it was 3 weeks.

[TheUnk]

haha well I think I just got suckered into this..

I sent .05 a week ago and got my payout yesterday, confirmed and all.

So I went to send some more, having confidence, sent .60 for the "Anniversary Special!".  Nothing showing up, no updates. Ah well, just gonna chalk that $70 off as gambling losses 

[reich]

Anti scam bump

-- Turns out I was just being a dumbass.
-- Mining United Pay out.
(see picture above)
or https://blockchain.info/address/1NHeStWzUFVfEjCeLupoC8AqvJHeAKMREz

Be happy you got your money back, you could be the last one to receive some.

This, your very lucky.

[zRISC]

if anyone wants to play there the Ponzi scheme... well, better donate to me, 1 BTC would be really, really nice  

1KzEtxTYMRNQusaM1xhgHsi36DuXPYwus6

I'd like to get some FPGAs just in case  


also.. Anti-Scam bump.