Invisible bans only work so well; trolls figure it out pretty quick. I've used it on forums.
Trolls will eventually forget to use a proxy and will immediately find themselves autobanned again. And all the IPs they used are added to the blacklist.
It's pretty funny. My forum would've been unmanageable without this.
A few thousand members log in every day and I've rarely had a problem.
[1] http://news.ycombinator.com/user?id=ranit8
[2] http://news.ycombinator.com/item?id=3903705