PBN links can still work in some cases, especially in lower competition niches, but they are far less reliable and much riskier than before. Google has become much better at spotting patterns like shared footprints, recycled domains, unnatural link growth, and thin network sites.
I guess most people here would not say that PBN links are no longer useless as you can say there are still lots of buyers and sellers. But the game has changed dramatically. Google gets more smarter with its Spambrain, which means you get to outsmart it. A cheap backlink from spammed website can cost you a fortune but robust links which operates like 'white hat' can still boost your site.
From what I've seen, PBNs can still move rankings, but they seem a lot riskier and harder to maintain than they used to be. A poorly built network is usually easy to spot. For long-term projects, i'd be cautious. Are you testing on a fresh site or an established one?
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