Of late, customers of PBMining - the 'cloud mining service' have noticed reductions in payouts, amidst continual rebuttal from user
pbmining that he was not prepared to give out business details or answer any questions regarding how the payout figures are reached.
When i asked pbmining about the calculations made to produce the weekly payouts, I got this as a retort:
[quote author=raskul link=topic=418183.msg9743441#msg9743441 date=1417740319]
[quote author=PBmining link=topic=418183.msg9743428#msg9743428 date=1417740209]
[quote author=raskul link=topic=418183.msg9743391#msg9743391 date=1417739930]
[quote author=PBmining link=topic=418183.msg9743385#msg9743385 date=1417739848]
[quote author=raskul link=topic=418183.msg9743367#msg9743367 date=1417739661]
[quote author=PBmining link=topic=418183.msg9742781#msg9742781 date=1417734236]
[quote]
$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));
[/quote]
[b]That is quoted from January, and was deleted after, as we changed our formula to include other factors.[/b]
[/quote]
You initially gave a calculation in a PPS method as to how your customers will be paid. This was a good move as it persuades customers that earnings may indeed be made on a PPS algorithm and there is a possibility that you are mining.
To then simply delete the post without notice to your customers, is rather deceitful is it not?
As a customer, I had presumed payouts were still as-per that PPS calculation.
You should have advised the new calculation, instead of leaving us to notice payments were being reduced.
You will have to go a long way from here to convince those of us who - you must admit to yourself - have every right to be dubious about your practices.
I'm not yet convinced in any way that you are actually mining anything by these remarks.
[/quote]
I will state this one more time. If you are one of the customers who read this formula while it was still posted in the forums at that time which resulted in you buying a contract, please e-mail our support and we will make sure you are compensated for any losses you feel that you endured.
[/quote]
I don't mind being open and transparent.
i am customer #51.
your turn to be open and transparent.
[/quote]
Please e-mail admin@pbmining.com if you feel you suffered any losses from our service.
[/quote]
I do not understand why we cannot discuss it here? please advise the new calculation which went into place after the old calculation was changed.
please post it here:
[/quote]
Here are the facts, as disclosed by another forum member on their thread;
https://bitcointalk.org/index.php?topic=418183.msg4539992#msg4539992Well, ISC is a PITA and just moving your mouse around costs cash, but it has some interesting information on there.
One of those companies caught my eye, specifically "Digital Mining Store". Some quick searching turned up a Wordpress site with an Asicminer USB stick on it. Say, didn't PBmining's eBay account used to sell Block Eruptors?
http://digitalminingstore.wordpress.com/Another link takes us to the
Saskatchewan Gazette, where we can see that Digital Mining Store was registered as a Sole Proprietorship on Aug 7th, 2013. The address is 314 33rd St, Saskatoon.
Doesn't mean anything though, so let's pull out the CC and get that registration.
https://drive.google.com/file/d/0B-h65PZOjaekYlpNLTBSMGhvYms/view?usp=sharingWell, that's disappointing. Turns out it's some guy named Jason Boyko.
Before we pass that one off, let's try a couple more things first. Let's see who owns 314 33rd St.
Seems it's a couple people named Ryckenboer. That doesn't help.
facebook details redacted
So, we know Jason Boyko owns Digital Mining Store and lives in a house owned by someone else, but that's about it. Nothing to connect it to PB Mining at all.
Let's just do a quick check here got "pbmining" and "digital mining"...
http://www.ebay.com/itm/Pbmining-1-GH-for-5-YEARS-Comes-with-LIVE-Mining-Dashboard-The-BTC-miner-/111254851862http://cloudminingreport.com/reviews/pb-mining-the-cheapest-ghs-for-bitcoin-cloud-mining/WHO WE ARE
Digital Mining (“We”) operate the company Piggyback Mining (PB Mining). We are registered in Saskatoon, Canada.
Our Ebay name is SaskatoonRoxy.
Well, that settles that.
At least when this all goes under, you know who to sue. Unfortunately they don't allow Canadian customers anymore, so it'll be tougher to find a local to push it through.
PBMining currently shows slightly over 54PH/s mining for it's customers.
I put it to this community that they are running a massive ponzi scheme and are not in fact, mining 4284TH/s
as stated on their homepage
pbminingDOTcomi have made this thread self-moderated and will delete any attempt to promote or defend this scheme until 4284TH/s of mining has been proven.please discuss.
