Can anyone explain the ridiculous bids on mining contracts on ebay?

[bomberb17]

I see that many people bid like $10 on a 2Ghs mining contract for 24 hours on ebay.. (which is equivalent to BTC0.0017) Can anyone explain this? I don't believe that they are just stupid and throw away their money without knowing what the return value will be..

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[aoshea]

They get the mining returns and then chargeback. Paypal will side with the buyer since they never received a "physical good". Therefore the person gets the $ they spent back + anything they gained from mining. Dirty Scammer scum.

[bitrush]

These charge backs do not always work.
Sometimes (like in my case) the credit card company judges in the seller's favour.

The only problem is that it can take up to 6 months to resolve these charge back claims.

[bomberb17]

But I see buyers with high feedback bidding.. What if the seller sends some screenshots of the miner running?

[niothor]

I see that many people bid like $10 on a 2Ghs mining contract for 24 hours on ebay.. (which is equivalent to BTC0.0017) Can anyone explain this? I don't believe that they are just stupid and throw away their money without knowing what the return value will be..

You don't believe?
Then my brother welcome to the believer world.
There are so many suckers in this world , so many greedy people you never imagined.

[Evil-Knievel]

This message was too old and has been purged

[bitrush]

This is how it works, buyers can say that their account got hacked and that they didn't order anything.
BANG. your £1000 they paid u dissappears because u cannot prove that you delivered said virtual currency.

simple, and it works some of the time.