Post
Topic
Board Investor-based games
Re: New U.S registered site - PowerBTC.com - let you earn 10% above mkt price.
by
sbtctalk
on 12/09/2016, 10:10:06 UTC
I saw this site powerbtc.com in a PR this morning. They listed a U.S address

Quote
1340 Avenue Of The Americas
New York, NY 10019
USA
Phone:+1 (917) 979-2728
Fax: +1 (917) 979-2728

Quote
Domain registration info:
Registrant Name: Mike Hamble
Registrant Organization: Power BTC LLC.
Registrant Street: silmonte 13   
Registrant City: New York
Registrant State/Province: New York
Registrant Postal Code: 100016
Registrant Country: US
Registrant Phone: +1.3326168357
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: pentruvps23@gmail.com

This site claims to allow BTC sellers to profit 10% above the current market price by reselling the Bitcoins to buyers in middle east. You simply need either a bank account, WU or Paypal. The site claims no registration is required and it is anonymous.

You simply click on let's say Paypal button, a receiving address will pop up and you need to key in your receiving Paypal address.

I have not tried this service yet.

I found one potential problem with the site:

(1) The receiving address that was generated and presented to you to send your funds to is not unique. I looked through blockchain for that address and realised it is a recycled address. How could the site knows that you are the one who deposited the funds?



And the reason for you for never trying their service and this is it.

Quote
Powerbtc.com
What have we told you about PayPal and Bitcoin? and of course this is a scam. 9/9/16

Source:
http://www.badbitcoin.org/

and another

http://www.scamadviser.com/is-powerbtc.com-a-fake-site.html

I do not trust badbitcoins.org because they listed MiningSweden as legitimate. The last I checked, they did not list MiningSweden as a bad site despite M.S has stopped payments.