PB Mining -- 5 year mining contracts!

[pbleak]

Hey considering you are an old school member, positive rep, etc., what is your take on pbmining? Would be curious. You seem to know what's what.

My take is that they are most likely running a ponzi scheme. At one point (before implementing their fancy coinmixer) they were sending payments directly from new customer purchases to the "mining payout" address. I've actually never been able to find a single payout that could be traced back to actual mining.

I'd highly recommend this thread if you want to learn more about cloudmining(and the scams): https://bitcointalk.org/index.php?topic=860400.0

Indeed, yes I'm sure it's a ponzi as well. I guess I just need to hope it continues long enough for me to reach ROI.

[raskul]

Hey considering you are an old school member, positive rep, etc., what is your take on pbmining? Would be curious. You seem to know what's what.

My take is that they are most likely running a ponzi scheme. At one point (before implementing their fancy coinmixer) they were sending payments directly from new customer purchases to the "mining payout" address. I've actually never been able to find a single payout that could be traced back to actual mining.

I'd highly recommend this thread if you want to learn more about cloudmining(and the scams): https://bitcointalk.org/index.php?topic=860400.0

as a customer (yes I bought into this thing early) I have tried tracing payments many times, week up on week to find a coinbase tx from a mined block.

I will put this out there... there has never been a mined block which has stemmed to payments to customers, from pbmining.

feel free to take that statement, how you will - my 'mining contracts' from pbmining have all returned the initial investments i made.
my only concern is that there are many others, for whom, it will not.

[pbleak]

But enough of that nut.

I´m going to do the same as the guy here with the hat
what´s his face, and not disclose anything.

Who knows; I might even have viewed PBM´s operation.  
After all I live in Iceland.

Dude if you have tell me 

Nope, not telling.

BTW, it was this doggieman idiot who had been sitting here
for months whining about not being able to find out who runs
PBM. These people really are thick. How they can find other
morons who take them seriously will continue to be beyond me.

Sure though it is hard to find information on them. If you have it then just link to it? Not sure why not?

I haven´t personally been in contact with the people running
PBM. But the guy with the hat that posts here occasionally
has and he´s not opening up and neither am I.

OK, not sure I follow why you are being secretive, but fair enough.

[galdur]

In this day and age you can find out pretty much anything
but not if you´re a clueless moron like doggie and others
of his ilk.  

[galdur]

But enough of that nut.

I´m going to do the same as the guy here with the hat
what´s his face, and not disclose anything.

Who knows; I might even have viewed PBM´s operation.  
After all I live in Iceland.

Dude if you have tell me  

Nope, not telling.

BTW, it was this doggieman idiot who had been sitting here
for months whining about not being able to find out who runs
PBM. These people really are thick. How they can find other
morons who take them seriously will continue to be beyond me.

Sure though it is hard to find information on them. If you have it then just link to it? Not sure why not?

I haven´t personally been in contact with the people running
PBM. But the guy with the hat that posts here occasionally
has and he´s not opening up and neither am I.

OK, not sure I follow why you are being secretive, but fair enough.

I have no reason at all to disclose anything  I know about
this co. Is that clear enough?

[pbleak]

In this day and age you can find out pretty much anything
but not if you´re a clueless moron like doggie and others
of his ilk.  

The point is that it is not supposed to be hard to find it out. Sound companies are transparent  

[galdur]

In this day and age you can find out pretty much anything
but not if you´re a clueless moron like doggie and others
of his ilk.  

The point is that it is not supposed to be hard to find it out. Sound companies are transparent  

It isn´t THAT hard. And given the number of nutcases that
these companies have to deal with I´m not surprised that
many of them choose to be secretive.

[SpanishSoldier]

Hey considering you are an old school member, positive rep, etc., what is your take on pbmining? Would be curious. You seem to know what's what.

My take is that they are most likely running a ponzi scheme. At one point (before implementing their fancy coinmixer) they were sending payments directly from new customer purchases to the "mining payout" address. I've actually never been able to find a single payout that could be traced back to actual mining.

I'd highly recommend this thread if you want to learn more about cloudmining(and the scams): https://bitcointalk.org/index.php?topic=860400.0

as a customer (yes I bought into this thing early) I have tried tracing payments many times, week up on week to find a coinbase tx from a mined block.

I will put this out there... there has never been a mined block which has stemmed to payments to customers, from pbmining.

feel free to take that statement, how you will - my 'mining contracts' from pbmining have all returned the initial investments i made.
my only concern is that there are many others, for whom, it will not.

How come ? Coins do not come to bitcoin network without mining. There must be a coinbase tx, may be thousand hops away. I'm sure u dint check properly

[jimmothy]

BTW, it was this doggieman idiot who had been sitting here
for months whining about not being able to find out who runs
PBM.

I can't take you seriously when you call me an idiot then immediately show off your ignorance by calling my avatar a "doggie".

These people really are thick. How they can find other
morons who take them seriously will continue to be beyond me.

The funny thing is that the only people who take you seriously are noobs with no history/experience, meanwhile the people who share my view have years of mining experience and have been around long enough to see history repeat itself over and over again, yet the noobs never learn.

Even bitcoin's chief scientist (Gavin Andresen) shares the opinion that many cloudmining companies are ponzis.

[galdur]

These people and others have been whining over this
co. for almost a year and will no doubt still be whining
in a year or two. Talk about a successful ponzi with

38000 customers

[kotwica666]

The funny thing is that the only people who take you seriously are noobs with no history/experience, meanwhile the people who share my view have years of mining experience and have been around long enough to see history repeat itself over and over again, yet the noobs never learn.

Even bitcoin's chief scientist (Gavin Andresen) shares the opinion that many cloudmining companies are ponzis.

I will quote a guy from another thread - I think it fits here:

"Those who trusted Mt. Gox for their brand have paid for it, but those who went for anonymous BTC-e are still trading. Brand is irrelevant in a six years old economy."

[n2004al]

I will quote a guy from another thread - I think it fits here:

"Those who trusted Mt. Gox for their brand have paid for it, but those who went for anonymous BTC-e are still trading. Brand is irrelevant in a six years old economy."

+1

[jimmothy]

The funny thing is that the only people who take you seriously are noobs with no history/experience, meanwhile the people who share my view have years of mining experience and have been around long enough to see history repeat itself over and over again, yet the noobs never learn.

Even bitcoin's chief scientist (Gavin Andresen) shares the opinion that many cloudmining companies are ponzis.

I will quote a guy from another thread - I think it fits here:

"Those who trusted Mt. Gox for their brand have paid for it, but those who went for anonymous BTC-e are still trading. Brand is irrelevant in a six years old economy."

Btc-e's trading volume has been on a steady decline since the mt. gox debacle meanwhile transparent/audited exchanges have been growing. The only reason btc-e is still alive is because of their "brand name".

You won't find another giant anonymous/unaudited exchange that was created post-gox because the bitcoin ecosystem has matured.

[Puppet]

I will quote a guy from another thread - I think it fits here:

"Those who trusted Mt. Gox for their brand have paid for it, but those who went for anonymous BTC-e are still trading. Brand is irrelevant in a six years old economy."

There is a huge difference. BTC-E has an economic incentive to remain honest. They are making a killing on fees and may well earn a lot more by staying in business for years to come, than by running away with customer funds.

OTOH, the only way these cloud mining ponzi's can make a killing (or even a profit at all, most likely) is by running off with your money once new sales <  payouts.

[galdur]

I mean, who in their right mind takes people seriously
that have been whining and moaning over how something
must be a ponzi scam

FOR A YEAR  

[kotwica666]

I know what you're trying to prove guys (Puppet, jimmothy), and I understand that. Discussion is good, but the truth is that what you write here (PBmining is ponzi), that is just your opinion, not facts!

[jimmothy]

Not going to waste my time on mental cases

An hour and a half later and you're still here making snide remarks.

Why don't you listen to yourself, leave, and let the rest of us have a serious discussion?

[Puppet]

I know what you're trying to prove guys (Puppet, jimmothy), and I understand that. Discussion is good, but the truth is that what you write here (PBmining is ponzi), that is just your opinion, not facts!

No, its fact pbmining has done nothing to prove its not a ponzi, even though thats ridiculously easy.
Its your opinion that doesnt matter, its not an opinion anyone sane would share.

[miner454]

They are responsive to requests, but very firm about changes (Bitcoin or email address).

Also I'm throwing my hat in the ring for us finding a way to trade contracts on here. I have 521GHS across three contracts, same account, if anyone can make a solid offer I'll consider selling. If that goes well I have another account that I'll see about.

You can try to put if for sale in the digital goods section, allow people to make offers.

Why are you selling? Already ROI?

I'd like to move everything over to cex.io. I like pbmining, consistent, but I don't like that I can't sell my GHS. I didn't mind this for a bit, but now I prefer to move my coin about sometimes.

I take it you haven´t mined at CEX ?

I've mined at pretty much all the various sites. As I get older let's just say I'm content to stick with cex and it's high-cost but fancy brand over smaller sites that more and more I feel I cannot trust. Trying to find information on these sites is almost impossible. Can anyone tell me anything about who runs pbmining or where and so on? It's a risk, of course, but I'm just not into anymore. I'll very likely be mostly trading on cex rather than mining these days.

If you´re looking for negative payouts CEX is the place.

You´ve been sitting here how long without knowing who runs
PB Mining ?

ROFL. Ditto on the negative payouts.

[miner454]

BTW, it was this doggieman idiot who had been sitting here
for months whining about not being able to find out who runs
PBM.

I can't take you seriously when you call me an idiot then immediately show off your ignorance by calling my avatar a "doggie".

These people really are thick. How they can find other
morons who take them seriously will continue to be beyond me.

The funny thing is that the only people who take you seriously are noobs with no history/experience, meanwhile the people who share my view have years of mining experience and have been around long enough to see history repeat itself over and over again, yet the noobs never learn.

Even bitcoin's chief scientist (Gavin Andresen) shares the opinion that many cloudmining companies are ponzis.

You're country probably uses fiat currency ponzi scheme.  Are you going to rant about that?