Post
Topic
Board Bitcoin Discussion
Topic OP
Renting a Mining node - are the funds safe?
by
Username_nvm
on 20/06/2019, 02:39:46 UTC
To any mods: If this is in the wrong section please let me know or move it or send me PM instead of just deleting it because I have read the rules and I don't see why it's breaking any rules... I tried to post it in the mining section and it got deleted and I have no idea why and no response from mods


I wanted to rent a BTC mining node from a specific individual/company but I'm not sure if it's a scam or not. Since I'm not sure of it I will not mention any name in order to not shame anyone first. Google search returned exactly 0 results.

This is what they sent me:

"We run a mining farm whereby we attach multiple ant miners to personalized servers, we then program nodes to power the mining bot software.

We run a mining network that mines Bitcoin, ethereum, litecoin and more via the script, X11, and SHA-256 algorithms. We offer you a smart and easy way to start mining by reducing the cost associated with mining
Its a personalized service for crypto enthusiast. You have to know someone who knows someone to be on the network.

I program a software bot from the hardware i happen to connect to the servers. Usually the hardware mines slowly, but i created a way to program nodes to power the blockchain software. The bot mines the coin for you in acceleration process, even when there is congestion on the network, it accrues more instead of slowing down.
The funds accrue daily for a month. And the reward is distributed via PPs or PPLNs which i will run while im configuring the nodes. It takes 24hours to configure and you'll have to be online with me after the 24hours to integrate it to the dedicated wallet. First day funds get in right there

Rewards are distributed via PPLNs.... PPLNs is a way of determining how many cryptocoins you get for your shares completed. Pay Per Last N Shares is what PPLNs stand for. Using PPLNs, your payout per share will have a large range (30%)

I'll generate an invoice and send it to you. This will be used for documentation purpose. All payments are made via Bitcoin
You the make subscription payment directly to the Node wallet address., so as to ensure safety of your funds. As soon as the subscription payment is confirmed, we'll begin with the setup and configuration immediately"


Any advice or opinion is welcome, thank you.