I think it's a scam because BCP doesn't inform about their terms and conditions of business. In addition BCP graps a fee of 0.01 BTC for transfering although Bitcoin changed it to 0.0005 BTC.

regardless the only place he mentions fees is in the transaction page, he lists the minimum as .01. in reality the minimum is .02. read the threads for specific details. he strings you along to get you to keep mining and apparently takes a 19% fee? without ever showing anything being deducted from you 'income' ie, he deducts it before he shows you what you have made so you don't even know hes doing it. can we really not get a stickied thread of blacklisted sites?

Non-disclosure of all fees (including x-fer), non-disclosure of minimum x-fer amounts, etc...  That's what they do.  You buy in and get trapped because you want to minimize your fees or you forfeit your coins and move on.  I suspect they like lots of unsuspecting miners trying out the site then leaving their meager coins behind as they leave for more lucrative mining opportunities.  Their model seems to reinforce my suspicions.

If they fully disclosed ALL of their fees and payout rates how many new users would join?

We'll just have to agree to differ. You are welcome to think is a "scam" should you wish. Might I suggest that you stop using it immediately. That way, my own share from mining using it will increase, so we both win (I get more BTC, you get to "stop being scammed")

I've already said that I think that it would be beneficial to display a message "warning" newbies who intend to mine ridiculously small amounts that there is no point. But that is not because I think it is a scam. If anything, its the single-crap-PC users who are the scammers, as they are signing up with an implication that they are going to contribute cycles to the pool when in reality that are contributing so little to make it pointless, and then hitting the site with thousands and thousands of tiny withdrawls, each requiring a transaction fee (whether that be 0.01 or 0.0005 or whatever).

Think of it this way: when BCP first started, I could see that it was a quick and dirty way of getting mining without installing software. As it was intended for. So I immediately set top-end CPU boxes going on it, and made myself 0.20BTC. Not a huge amount to be sure, but a start. Then thousands and thousands of silly little 50khash "contributors" signed up, and the pool was diluted massively trying to share out amongst all these miners. So the amount I was earning with each solve reduced massively. On top, or so the site owner explains (quite clearly) when you try to withdraw a ridiculously small amount, you get charged a 0.01 transaction fee for each withdrawl. This is not the owner collecting these in a pot. This is an in-built feature of the network to prevent exactly what all these silly little users are doing: flooding the block chain with thousands of silly tiny transactions like a DDoS. It seems very sensible to me. In fact, the owner originally paid these transaction fees FOR YOU! But that was on the assumption that you were going to be doing sensible mining. When that proved that you couldn't be trusted to do that, that offer was [rightly] withdrawn.

I've stopped using BCP now, not because it is a scam, but because all of the people like those complaining on this thread have turned it into a farce. What started out as a good way to mine without installing software has turned into a flood of one-hit-wonder miners looking for make thousands of dollars for 15 minute's mining. Once the number of users decreases, and the pool shares go back to a sensible amount, I'll likely return to it.

And for those who are saying that this is terrible and wrong and immoral and must be stopped ("Won't somebody PLEASE think of the children?!") ... I assume you are all declaring and paying taxes on your 'profits' from Bitcoin, right?...

haha.. just lost everything i wrote so this will have to do, maybe if i feel like it later ill tear apart all the crap you wrote line by line like i was doing. but for for now ill hit the highlights and if anyone wants to bother they can figure out the references on their own.

we stopped using his site awhile ago and unlike you we just just want people to know its a scam and stop using it rather then to stop using it so you can make more money with your CPU mining RIGS which are likely office PCs your using illegally since i would hope nobody would be dumb enough to invest in cpu mining over GPU mining. which in case you havn't herd is incredibly inefficient and a stupid way to try to make money. heck even if you made them before gpu mining was herd of you would still be better off running some other app that is more efficient(like ufasoft). on the other hand we just wanted a way to get some btc without having to go out and upgrade or install some software that may mess up our PC.

since you still don't understand how mining works, ill break i down for you. out of all the cpu miners on that website in order for money to be generated blocks must be found. this is the key part, so pay attention. mining works by generating random hash's so at any given time any one of those miners is just as likely to solve the block as any other. so while your bitching like a little girl that they are getting some of your btc it is entirely likely, in fact far more so that those individual cpu miners with more hashing power combined then your cpu mining rig are in fact the ones generating the blocks, not you. Everyone using that site has the exact same chance. fact of the matter is, you are just another cog in the machine, and alone your cpu rig is likely just as worthless as any lone cpu miner. me included hence why i joined a pool! which btw, you would also benefit from.

as far as "hitting the site with thousands and thousands of tiny withdrawls" that was before me, and i cant help it if the site owner didnt realize he needed to take into account transaction fees.

and since you apparently didn't read the thread, or visit the site in awhile the minimum is not "on top" as you say, its in the transaction page. and its not .01 like he says, its .02, (regardless of the fact that in reality transaction fees are currently .0005)

you know *nothing* about networking, a few low btc transactions from one site is not going to ddos the system. we just want one transaction one time to get what is ours, using a fee the current devs think is appropriat. not that a few no fee transactions would hurt anything.

"on the assumption that you were going to be doing sensible mining." vary cute. sensible.. says the person with a cpu mining rig hes using on a website that is almost taking 20% (new fact!) instead of using a mining app that is more efficient and doesn't charge 20%

"What started out as a good way to mine without installing software has turned into a flood of one-hit-wonder miners looking for make thousands of dollars for 15 minute's mining. " ill add the same comment as somewhere above.

and who is freaking out? its just a way for him to get people to use his site for awhile, giving him almost 20%(without their knowledge), then upon realising they wont get to .02 for a vary long time eventually realise they can install ufasoft's miner and make that much in about 1/5th of the time, leaving him the rest of the money they never withdrew... so yeah.. not scam, but what is it?

PS, borrow the other trolls soapbox.