Quote from: fractal02 on July 27, 2014, 04:33:10 PM

Quote from: Crypto_123 on July 26, 2014, 05:48:13 PM

Quote from: RDMINER on July 26, 2014, 04:28:04 PM

I skimmed the thread and looked at the website. I'm suspicious as their price is very low and there is no evidence that they are actually mining. Possibly a very professional ponzi.

Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco. See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).

I think a lot of people know that they are doing a ponzi, but they risk it and you can obviously make a profit out of it. It is at the expense of some who buy late relatively to the time the ponzi scheme will get to an end.
The prices are too low, and this is why it is not possbible (when you compare the prices to the prices of all other suppliers (Gawminers, Genesis-Mining.com ...)

Price too low ? Shocked

I take your example (except Genesis-mining because it's alt coins scrypt based where you buy MH/s not GH/s) :

- Gawminer :

S3 Bitmain Antminer 478 gh/s Hosted : $ 449.95 = ~ 0.75 BTC

- PBmining :

478 GH/s @ 0.0029 = ~ 1.38 BTC

Well...isn't much supa low...

Very few of the S3s run 478... 440GHs is the revised spec from Bitmain.