Recovery program beginning in January for PB Mining customers.

[davidwpenny]

So now what, everyone.  I have 763 ghs and am on USA social security income only.  I spent only what I could afford to lose on this, but I was hoping for more like everyone else.  So how is anything he does going to be "fair?"

Anyway, my member number is 26188 and I have 763 ghs and I, like everyone else, hope he does well by us.

Just tried to log on to get some figures.  I believe that the site has been disabled.  I enter my logon and password and it just resets itself.

[UHBS]

Hi, Im the customer #: 35744, my username at your site is ultrahashbasestock.

Account Details
Customer #: 35744
Username: ultrahashbasestock
Join Date: 05-11-2014
Last Login: 10-12-2014
Fullname: HASH ULTRA
E-Mail: ultrahashbasestock@gmail.com
Payout Address: 1NF4MCnKpGEigxoZDKnec1xEhk4WiU3wKY

Please cancel my contracts detailed below, I wanna back my btc invested in the two contracts detailed. Two contracts for a total of 1500Ghs, please send me back my inversion and cancel this mining contract asap.

Active Contracts
Created on   Hash Rate (GH/s)   Account Balance   Last Payout Amount
Date   Total Payout   Expires on
05-11-2014   100    0.00030788     0.00703887
06-12-2014 22:51:01    0.03520220    05-11-2019
07-11-2014   1400    0.00431039     0.09854425
06-12-2014 22:51:01    0.45909158    07-11-2019
Total: 1500   Total:  0.00461827   (Refresh to update)


Thanks and regards,

Bob Marth

[btcgnome]

Dear PBMining,

Are you going to fix the extra zero bug soon?

[Skatter]

can you please email me on Skatter, when your new adventure begins. I liked PBmining. sunday was a good day for me

[MichaelNZ]

According to pbmining their current hash rate is 4284 TH/s which at the current difficulty of 40007470271 works out around 53.85BTC p.day.
If they are skimming and holding 90% this works out at 48.46BTC p.day they are gaining from skimming, it needs stopping, but how?

4284 TH/s is what the "total" hash rate is ... remember that is based on physical hardware owned plus additions for each time the physical hardware is sold again.
I'd suggest they own, rent, lease or have access to 400-500 TH/s and have sold that many many times over. Because, for whatever reason the pyramid (ponzi) scheme has fallen apart the only payout figures being shown are based on actual hardware and not actual plus invented cloud hardware.

I can't wait to hear the truth of this cock-up, its got to be tale rivaling the other major fails of recent times.

[raskul]

<assumptions> ,did anybody notify the mounties?

yes.

http://www.antifraudcentre-centreantifraude.ca/english/reportit-howtoreportfraud.html

you can use this template:

Complaint of fraud against ‘contractual offerings’ by self-professed Bitcoin mining operation www.pbmining.com (piggyback mining) which is based in Canada.

Specifically, my complaint is against the following business entity

Name: DIGITAL MINING STORE
Address: 314 33RD STREET EAST
City/Province: SASKATOON, SK
Country/Postal Code: CANADA, S7K0S4
Sole Proprietor: JASON BOYKO

On or around the beginning of 2014, Sole Proprietor of Digital Mining Store, Jason Boyko set up www.pbmining.com as a ‘Bitcoin Cloud Mining Operation’ which purported to sell cloud contracts related to Bitcoin hardware, in return for freshly ‘mined’ Bitcoins - the process which produces Bitcoins. It has been stated that as well as having their own locally-based ‘mining farm’ they also have mining operations in Iceland.

After several months of running this scheme, which has become evident to have no Bitcoin Mining Hardware operational, the scheme is now running down, paying out only a fraction of what would be earned, had the scheme be producing freshly mined Bitcoins, as per the algorithm which is necessary to produce said Bitcoins.

Jason Boyko has used hard marketing incentives such as referral commissions of 10% and ‘giveaways’ to encourage consumers to promote the service to new customers. This is evidently, nothing more than a pyramid scheme, encouraged to consumers by Jason Boyko that it has been a legitimate mining operation. Jason Boyko continues to insist that the operation have been legitimate by addressing customers on the website forum www.bitcointalk.org.

It has become evident that www.pbmining.com is an elaborate pyramid scheme and has no real mining operations, of which it is advertised to be and I urge your department to look into this issue fully, as Jason Boyko has clearly reaped millions of dollars in earnings from the victims who have bought into this fake operation.

yours sincerely,

[5ick3uffalo]

Hashing power still sold out?

[raskul]

Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?

[rooster2000bka]

Why Choose PB Mining?


Mining Ready
We are already mining! Our current hash-rate is 4284 Th/s.

It's Affordable
Start with as little as 25 GH/s!

Easy
Sign up. Earn Bitcoin. We do the rest!

LIVE Dashboard
You stay up-to-date with the status of your contract from our easy dashboard. No experience necessary!

I need you explain as above! Or money back for all member!
Thank!

[btcmner]

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?

Actually, you're wrong.

In the past, on many occasions, some PB Mining stuff has been noticed here and there (just go through the long PB Mining thread starting in january for examples), indicating there is indeed real stuff behind.
The only unknown is whether sold capacity was very different from physically available capacity. By the way, most cloud services do not have the exact amount sold to their customers at a given time, so this is nothing odd, as it is common practice.

Now, the PB Mining operator being currently unavailable for some (private) reason, you are free to speculate all you want, but that will remain pure speculation.
As far as I can tell, if he was a scammer, he would be extremely bad at it, since he's not even hiding. So you should probably cut him some slack and give him some time to overcome whatever private crisis he is apparently battling with at the moment.

[pbmining customer]

The fact is, pbmining paid out weekly with no downtime since they started. And they were honest since, and maybe they are telling the truth still.
Since the location of the mining rigs maybe compromised. It is possible that they are using lesser mining rigs for now, until they move to a more secure location. That might be the reason for the substantial loss of hashing.

[raskul]

Bullshit shills. THE FACT is
Jason Boyko is guilty of FRAUD

[MichaelNZ]

Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?

I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

[raskul]

Hashing power still sold out?

let me reiterate this to you.

THERE WAS NEVER ANY HASHING POWER

you got it yet?

I reckon that may be a bit harsh ... I'm prepared to give them 10% max of their quoted rate of 4584 TH/s ... so 400 - 500 TH/s maximum ... as demonstrated by current returns shown.

which was purchased AFTER he received victims funds.

[Puppet]

Ive seen blockchain evidence of pool mining revenue that was the equivalent of a few USB mining sticks last spring, ie, a few GH. Since Jason used to sell or planned to sell  these sticks, that shouldnt be a surprise.
Ive not seen anything resembling evidence for 500TH, let alone the 4.8PH he sold.

[raskul]

Ive seen blockchain evidence of pool mining revenue that was the equivalent of a few USB mining sticks last spring, ie, a few GH. Since Jason used to sell or planned to sell  these sticks, that shouldnt be a surprise.
Ive not seen anything resembling evidence for 500TH, let alone the 4.8PH he sold.

I did suspect that he had bought some kind of hashing, but it certainly was not BEFORE he started offering cloud contracts.
perhaps he thought that showing some kind of mining would get him off the hook. He seems pretty fucking stupid so it's probable.

[imp0ster]

I don't know if anyone has posted this before but these are the Bitstamp and BTC-E deposit addresses where the 1Piggy funds went to:

Bitstamp: 1CwDEhbX2dLuGwNxLtRLwVLrk5q6tbvjiV Received 399.9988 BTC
Bitstamp: 1Am2CzJBAExwCbsrWk3roDUxZBBj71Whgn Received 199.998  BTC
BTC-E: 199H2S5dMNJg3dap8beUzwjo6VW6UTZM8i Received 238.829 BTC
BTC-E: 1KdpaKuJPWw8R1gSd3YL9aqzPiraK3VLZd Received 99.998

If anyone knows of any other address the operator of this scam made or any transactions send me the transactions and I'll try to identify where they went to, they might have fucked up somewhere along the way. I have to admit I don't know anything about what went down, I just remember looking into the 1Payday address some time ago and saw it received its money from obfuscated sources.

EDIT:

https://blockchain.info/tx/debbde36f117a07b23400d871312635c7f5ac376d766ccc43e1100ac3b83a114

This is another transaction from a 1Payday address to another BTC-E deposit address: 18JVaAR5z9THMsRJpwCfVuPhU19EVkwnjA

[gribgo]

According to pbmining their current hash rate is 4284 TH/s which at the current difficulty of 40007470271 works out around 53.85BTC p.day.
If they are skimming and holding 90% this works out at 48.46BTC p.day they are gaining from skimming, it needs stopping, but how?

4284 TH/s is what the "total" hash rate is ... remember that is based on physical hardware owned plus additions for each time the physical hardware is sold again.
I'd suggest they own, rent, lease or have access to 400-500 TH/s and have sold that many many times over. Because, for whatever reason the pyramid (ponzi) scheme has fallen apart the only payout figures being shown are based on actual hardware and not actual plus invented cloud hardware.

I can't wait to hear the truth of this cock-up, its got to be tale rivaling the other major fails of recent times.

Yeh.. Look  at Pbminer signature
 "Signature:
Did you know?: Most of our hash power comes from other sources.  We are now specialized in the resale of cloudmining contracts through our associates!"

I think no pics of the farm are coming

[imp0ster]

Anyone had any luck in identifying which tumbler was used for funding the 1Payday addresses? This could help a lot. (Besides the exchanges used as tumblers)

[Rudler]

1. PBMining starts this thread and whats happen, blackmailing / harassment is going on. Very nice...

2. people who are whining because of maybe lost 0.033BTC or 0.1 BTC should not invest in BTC, if 0.1 BTC is much for them!!! OMG  

3. The big witch hunt started BEFORE the payouts became 1/10 of original.

And really, some people are still in RAGEMODUS, that shows, they dont have their emotions under control or they are maniac!

Why cant everybody write normal, making some fraud filings to police instead screaming like a huffy child?

Please, think about it....!