akali
Newbie
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Activity: 55
Merit: 0
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October 24, 2014, 06:54:52 PM |
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they are legit, but they still never say or show physical mining location.. lol.
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Muhammed Zakir
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October 25, 2014, 09:51:00 AM |
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they are legit, but they still never say or show physical mining location.. lol.
Which "legit" are you talking about? Legit in mining or legit in paying? ~~MZ~~ |
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bitgeek
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October 25, 2014, 11:11:12 AM |
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they are legit, but they still never say or show physical mining location.. lol.
Which "legit" are you talking about? Legit in mining or legit in paying? ~~MZ~~ It's not only the mining location problem, but they also don't have an office or a person you can talk to face to face. Somebody should take responsibility for the operation. You can't be anonymous when you're taking people's money. |
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Feneusens
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October 25, 2014, 12:38:59 PM |
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Yup legit, have been paying for many many months..
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RD965
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October 25, 2014, 01:18:36 PM |
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Yup legit, have been paying for many many months..
Because ppl has been putting BTC in like crazy. That doesn't mean they're mining as they say |
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Johanna
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October 26, 2014, 10:54:23 AM |
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Yup legit, have been paying for many many months..
Because ppl has been putting BTC in like crazy. That doesn't mean they're mining as they say Agree, but even if they can prove they are mining it also doesn't mean its legit.. |
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hashie
Full Member
Offline
Activity: 322
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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October 26, 2014, 10:55:06 AM |
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If they are mining, they should have no problem proving hashpower.
-Sahra
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Muhammed Zakir
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October 26, 2014, 11:09:36 AM |
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Yup legit, have been paying for many many months..
Because ppl has been putting BTC in like crazy. That doesn't mean they're mining as they say Agree, but even if they can prove they are mining it also doesn't mean its legit.. What?  If they can prove mining, they are legit. They have been paying for a long time now. If they can prove the hashpower, then a lot more will invest. Atleast, they should set an office, so we can visit there. ~~MZ~~ |
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thirdprize
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October 27, 2014, 08:11:23 PM |
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I asked earlier if we knew one of their addresses, what else could we work out from that? Surely if everything is traceable you can link it to others of their addresses. I'm not sure I would want that.
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Snorek
Legendary
Offline
Activity: 1400
Merit: 1001
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October 27, 2014, 08:31:02 PM |
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they are legit, but they still never say or show physical mining location.. lol.
They are not legit if they refuse to show us mining location, photos of equipment and such. They have something to hide = I can't trust company like that. They do a pretty good job mixing
Which is proof they're a ponzi. Yes, mixed coins are hard to track. Actually mined coins are impossible to track. They have no history. Mixing is proof they are not mining as much as they say they are. Another reason to be mindful and step back. There are too many hints that suggest PB may be not so trustworthy in the future if they continue to work like that. |
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RD965
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October 28, 2014, 06:41:47 AM |
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they are legit, but they still never say or show physical mining location.. lol.
They are not legit if they refuse to show us mining location, photos of equipment and such. They have something to hide = I can't trust company like that. They do a pretty good job mixing
Which is proof they're a ponzi. Yes, mixed coins are hard to track. Actually mined coins are impossible to track. They have no history. Mixing is proof they are not mining as much as they say they are. Another reason to be mindful and step back. There are too many hints that suggest PB may be not so trustworthy in the future if they continue to work like that. Totally agree will continue to be like this |
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Group Bitcoin
Full Member
Offline
Activity: 180
Merit: 100
Cloud Mining & Colocation
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November 01, 2014, 11:18:39 AM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
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RD965
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November 01, 2014, 02:53:32 PM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
They're obviously not mining |
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KimNam
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November 02, 2014, 02:21:26 AM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
there's no way they do real mining with hardware  the calculation didn't meet, they won't make profit if do real mining |
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Domino
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November 02, 2014, 08:31:25 AM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
there's no way they do real mining with hardware the calculation didn't meet, they won't make profit if do real mining Yup 0.0015 btc per GH/s looks to be too good to be true, when you factor in the maintenance and electricity cost for mining for 5 years. The problem is, how far will the it go until the scheme collapses. |
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xhomerx10
Legendary
Offline
Activity: 3836
Merit: 7986
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November 03, 2014, 03:14:24 AM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
there's no way they do real mining with hardware the calculation didn't meet, they won't make profit if do real mining Yup 0.0015 btc per GH/s looks to be too good to be true, when you factor in the maintenance and electricity cost for mining for 5 years. The problem is, how far will the it go until the scheme collapses. If you had no costs at all, it would be very easy to continue as long as you have fresh money coming in. Stop feeding the piggy! |
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Muhammed Zakir
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November 03, 2014, 05:09:25 AM |
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Everyone seems to be missing something.
Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.
This simple fact should end any discussion as to whether they're mining or not.
there's no way they do real mining with hardware the calculation didn't meet, they won't make profit if do real mining Yup 0.0015 btc per GH/s looks to be too good to be true, when you factor in the maintenance and electricity cost for mining for 5 years. The problem is, how far will the it go until the scheme collapses. If you had no costs at all, it would be very easy to continue as long as you have fresh money coming in. Stop feeding the piggy! The more they feed, the more they get. So it won't stop. Even if some persons stop, newbies will feed it as it is cheap.  ~~MZ~~ |
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MrPiggles (OP)
Sr. Member
Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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November 05, 2014, 02:45:32 AM |
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Don't forget the 20+ bitcoins a month they spend advertising their ponzi here in your calculations of costs.
They also advertise on google, if they spend $6000 a month here no reason to believe their google advertising budget isn't larger. Google charges $2.30 per ad on page 1 for "bitcoin mining" and there are 200,000 searches for that keyword every month.
Even if they only target 5% of that that's another $23,000 in advertising costs.
This is purely speculation of course, but considering the amount of google searches it would make sense for them to spend more money there than here
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RD965
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November 05, 2014, 06:40:04 AM |
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Don't forget the 20+ bitcoins a month they spend advertising their ponzi here in your calculations of costs.
They also advertise on google, if they spend $6000 a month here no reason to believe their google advertising budget isn't larger. Google charges $2.30 per ad on page 1 for "bitcoin mining" and there are 200,000 searches for that keyword every month.
Even if they only target 5% of that that's another $23,000 in advertising costs.
This is purely speculation of course, but considering the amount of google searches it would make sense for them to spend more money there than here
So imagine how much theyve raised  |
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ngokiemtuan
Member
Offline
Activity: 66
Merit: 10
ngo kiem tuan
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November 05, 2014, 10:53:57 AM |
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The price they charge may change and it may have been more appealing in the past, but the price of bitcoin is irrelevant since you are paying and being paid in bitcoins. All you need to know is how much it's costing you in BTC and how long it will take to get those BTCs back.
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