PB Mining -- 5 year mining contracts!

[RD965]

it's genius actually, it's a ponzi which is completely automated.

I call it stupid, its not like its difficult to automate a normal purchase procedure and generate addresses on the fly. It just shows the operator doesnt have a clue.

And here is another reason its potentially stupid (for a ponzi), you can do all sorts of analysis. Just the fact that funds in the sales address accumulate each week by itself says all you need to know: they are not being converted to fiat, or used to purchase hardware or cover running costs. The account gets emptied and run through a mixer only when divs are due. How much more transparent could he make it?

BTW, even though the funds are being thoroughly mixed, its still clear they do not originate from any recent mining activity and payout and sales addresses are clearly linked



https://blockchain.info/taint/1PiggyKTPYdtjPaHPTkJUnR314vz2v1wfs

I honestly cant see how you could make a ponzi operation more obvious. Perhaps calling it "Ponzi Bullshit mining" ?

Great analysis, thanks for confirming the obvious

[raskul]

http://www.rigwarz.com/

Click on Cloud Miners

your point being?

[Puppet]

Great analysis, thanks for confirming the obvious

Want me to point out the obvious regarding your ref link signature too, or you think you can manage by yourself ? 

[squall1066]

I have a PB account and nearly ROI'd so I am not afraid to say there is alot of speculation and accusations running around,

Wow. Nice way to destroy your own trustworthiness. Essentially you are saying if you had not been close to ROI, you would be afraid to call a scam if you thought it was scam. That makes you complicit in my book.

Do they have a business address? I believe it's supposed to be in Canada?
I have no problems going to Canada with a camera to solve this one.

How about next time asking these questions before investing and especially before promoting it? Remind me never to use you as escrow.

Yeah, Erm, Where did I say PB was a scam, I just siad there were lots of accusations about this company, and I was willing to "if offered" go and put peoples minds at rest, Well you have really shown your short fuse, good on you.

[Anyayakubu]

What loopholes, explain yourself, i see no loop holes , its either paying or its not paying

If tomorrow pbmining announced that due to market conditions they would now require a $0.0024/GH/s fee (1J/GH, $0.10/kWh all in) to cover hosting and electricity costs per day but otherwise continued to pay out, would you consider that pbmining failing?

MR Teal,  my 12 tear old sister was just reading some of this thread, she got disgusted, got up, and said it's sad when adults get this confused about something so simple.
PB mining charges no fees, never has, but if for sake of what if, PB announced something like this, this would be the first proof we have seen that they really mining. If that were to happen then it is very likely that PBmining.com   really is mining and would be around long time past next NOV. 25,  therefore supports what I've been saying all along. No that is not failing, that a change of policy.
        Since some of are having trouble grasping what its like when a cloudmining service fails. I'll explain what its like for you. You get up in the morning, make some coffee, sit down and try to go to PBmining.com and you get server error and nothing comes up. After that you come to this thread and you see others have all had same problem and everyone wonders what is going on. Then all of you hang in there because maybe its servers just malfunctioning, you try to remain hopeful your dashboard going to reappear, you wait for Sunday for your payment and nothing happens.
Do I need to continue?   
        The reason why I told Puppet this is a fools bet, is simple. If PB really is mining it very very likely they would still be mining next NOV 25, and beyond. However if they not mining and its a ponzi, then my calculations  show me that at the current rate it could continue for 3 years 7 months and 23 days. That's why all you wise men, did the right thing, don't take the one year bet. I don't want my mom getting upset that I am taking unfair advantage of puppet and stealing his bitcoin.
         

[MrTeal]

What loopholes, explain yourself, i see no loop holes , its either paying or its not paying

If tomorrow pbmining announced that due to market conditions they would now require a $0.0024/GH/s fee (1J/GH, $0.10/kWh all in) to cover hosting and electricity costs per day but otherwise continued to pay out, would you consider that pbmining failing?

MR Teal,  my 12 tear old sister was just reading some of this thread, she got disgusted, got up, and said it's sad when adults get this confused about something so simple.
PB mining charges no fees, never has, but if for sake of what if, PB announced something like this, this would be the first proof we have seen that they really mining. If that were to happen then it is very likely that PBmining.com   really is mining and would be around long time past next NOV. 25,  therefore supports what I've been saying all along. No that is not failing, that a change of policy.
        Since some of are having trouble grasping what its like when a cloudmining service fails. I'll explain what its like for you. You get up in the morning, make some coffee, sit down and try to go to PBmining.com and you get server error and nothing comes up. After that you come to this thread and you see others have all had same problem and everyone wonders what is going on. Then all of you hang in there because maybe its servers just malfunctioning, you try to remain hopeful your dashboard going to reappear, you wait for Sunday for your payment and nothing happens.
Do I need to continue?   
        The reason why I told Puppet this is a fools bet, is simple. If PB really is mining it very very likely they would still be mining next NOV 25, and beyond. However if they not mining and its a ponzi, then my calculations  show me that at the current rate it could continue for 3 years 7 months and 23 days. That's why all you wise men, did the right thing, don't take the one year bet. I don't want my mom getting upset that I am taking unfair advantage of puppet and stealing his bitcoin.
         

Good to know, I'm sure that pbmining will be ecstatic to hear that not only would their loving customers not have a problem with a change of policy that reduces their current payout by half, but they would in fact take that as proof of them being an honest business.

Thank you very much for the education on what happens when a Bitcoin scam wraps up. It's good to know the main criteria is whether the website is there or not.

You may have run some calculations, but it's pretty apparent you don't know what you're calculating or you're just the operator astroturfing the thread.

[Puppet]

PB mining charges no fees, never has, but if for sake of what if, PB announced something like this, this would be the first proof we have seen that they really mining. If that were to happen then it is very likely that PBmining.com   really is mining and would be around long time past next NOV. 25,  therefore supports what I've been saying all along. No that is not failing, that a change of policy.

IF thats the case, then we will never agree on terms for a bet, because charging arbitrarily high fees out of the blue is the obvious way for a ponzi to reduce or eliminate its liabilities while keeping the pretense of being legit. Apparently you wouldnt mind if pb tomorrow starts charging $0.15/GH per month, you go as far as calling it proof of legitimacy even though the result of that is that he no longer has to pay anyone a satoshi (looked that up yet?)

Since some of are having trouble grasping what its like when a cloudmining service fails.

You're the one who lacks imagination. Probably because you've not seen as many ponzi's collapse as I and most other posters here have. Ive witnessed at least 12 go under. Very few, if any,  of them just vanished all of a sudden without cover story or trying to win time.

However if they not mining and its a ponzi, then my calculations  show me that at the current rate it could continue for 3 years 7 months and 23 days.       

ROFL. Please share your calculations, we're all dying to see that.

[Puppet]

Thank you very much for the education on what happens when a Bitcoin scam wraps up. It's good to know the main criteria is whether the website is there or not.

Case in point:
https://www.weexchange.co/

According to our math wizard, it wasnt a scam. Website is still there!

[Puppet]

Let me try another:

pbmining in upcoming announcement: "Sorry guys, our datacenter burned down, we only saved one USB block erupter. We will continue to pay out the mining revenue pro rata from that single block erupter. So sorry".

Anya: "See, I told you they were real. This is the proof: If there was no datacenter, it couldnt have burned down!".

[Anyayakubu]

Thank you very much for the education on what happens when a Bitcoin scam wraps up. It's good to know the main criteria is whether the website is there or not.

Case in point:
https://www.weexchange.co/

According to our math wizard, it wasnt a scam. Website is still there!

Well I wasn't expecting to be thrown right into the slow learning end of the classroom right off. I promise I'll talk a bit slower and not use to many big confusing words. Lets see if I can explain it to you. PB mining is way more than just a website. Once a person is signed up and logs in. There is a thing there called a dashboard. Should a person own some contracts with PB, he could go to that dashboard. There he would see his mining contracts, when you hit the refresh button, lots of the numbers change. Its lots of fun to watch. We won't talk about what those numbers mean because that will be to confusing for you right now. Here is where it gets interesting. Each Saturday night way late and past my bedtime here. All that mining going on on that dashboard I told you about it gets sent to your wallet. Then the counting of the numbers starts again. Once I was tucked in my bed, I got the urge to actually be there, you know , when the numbers change. I crept down the hall tiptoed past my moms room. I was actually at my dashboard as the numbers changed, How cool is that ?
        I hope I made that simple enough for you Puppet, Here's the key, if you got a fail, you won't see those numbers changing on that dashboard, and most likely not going to be that payment late at night. That is how you will know there is trouble watch out, that's when it failed, it's not all that hard, we can all help you out till you get the hang of it.
Just remember that dashboard thing with the numbers and if they changing that's a good thing, if not that means it's a bad thing.

[Puppet]

[dimiro]

Payment Received

[raskul]

Payment Received

http://s30.postimg.org/r42j2iw29/Screen_Shot_2014_11_30_at_10_05_02.png

evidence that as of today Sunday 30th November 2014
ponzi still paying out.

[Puppet]

Seems like he paid out ~333 BTC. That corresponds to 3.8PH, not the 4.4-4.6PH I get from the stats.
Can you "reinvest" your payouts before they are actually paid out?

By the way, in the past 5 days, stats went up by 197PH, good for 276BTC.
extrapolated to a week that gives an estimated 276*7/5=386 BTC

Looking at 1Piggy it would seem he got ~420 BTC in revenue.

50-90 BTC loot this week.No surprise he is still paying.

[galdur]

Paid like clockwork as usual.

Obsessive-Compulsive nutcase activity is clearly increasing

Full Moon in 5 days.

[BitCoinDream]

Paid like clockwork as usual.

Obsessive-Compulsive nutcase activity is clearly increasing

Full Moon in 5 days.

Can u or anyone who have been paid this week plz provide me the following data about your PB account ?

1. How much hash power u had for the whole week ?

2. How many BTC u have been paid for this week ?

p.s. If u dont want to provide the exact account data, u may provide both in same % too...

[raskul]

Paid like clockwork as usual.

Obsessive-Compulsive nutcase activity is clearly increasing

Full Moon in 5 days.

Can u or anyone who have been paid this week plz provide me the following data about your PB account ?

1. How much hash power u had for the whole week ?

2. How many BTC u have been paid for this week ?

p.s. If u dont want to provide the exact account data, u may provide both in same % too...

... and if you can show the coinbase transaction of the mined block, i'll buy 30TH/s on your referral link.

[pbleak]

Seems like he paid out ~333 BTC. That corresponds to 3.8PH, not the 4.4-4.6PH I get from the stats.
Can you "reinvest" your payouts before they are actually paid out?

By the way, in the past 5 days, stats went up by 197PH, good for 276BTC.
extrapolated to a week that gives an estimated 276*7/5=386 BTC

Looking at 1Piggy it would seem he got ~420 BTC in revenue.

50-90 BTC loot this week.No surprise he is still paying.

Wow 

[BitCoinDream]

Paid like clockwork as usual.

Obsessive-Compulsive nutcase activity is clearly increasing

Full Moon in 5 days.

Can u or anyone who have been paid this week plz provide me the following data about your PB account ?

1. How much hash power u had for the whole week ?

2. How many BTC u have been paid for this week ?

p.s. If u dont want to provide the exact account data, u may provide both in same % too...

... and if you can show the coinbase transaction of the mined block, i'll buy 30TH/s on your referral link.

What r u talking about ? My sig link is of a casino. How do they suppose to show u a coinbase tx ? And how do u buy 30TH/s from them ?

By the way, if u r looking for a coinbase tx, this is my fav one

https://blockchain.info/tx/0e3e2357e806b6cdb1f70b54c3a3a17b6714ee1f0e68bebb44a74b1efd512098

[raskul]

Paid like clockwork as usual.

Obsessive-Compulsive nutcase activity is clearly increasing

Full Moon in 5 days.

Can u or anyone who have been paid this week plz provide me the following data about your PB account ?

1. How much hash power u had for the whole week ?

2. How many BTC u have been paid for this week ?

p.s. If u dont want to provide the exact account data, u may provide both in same % too...

... and if you can show the coinbase transaction of the mined block, i'll buy 30TH/s on your referral link.

What r u talking about ? My sig link is of a casino. How do they suppose to show u a coinbase tx ? And how do u buy 30TH/s from them ?

By the way, if u r looking for a coinbase tx, this is my fav one

https://blockchain.info/tx/0e3e2357e806b6cdb1f70b54c3a3a17b6714ee1f0e68bebb44a74b1efd512098

i wasn't directing the comment directly at 'you'
the offer is open to anyone who thinks that pbmining are actually mining bitcoin.

yes, that is my favourite block also 

30TH/s...