Bitcoin Forum

I'm a customer since recently and have some questions.

I wish to buy another 200 GH-s, but after reading about the company I´m not so sure anymore. Don´t get me wrong, I think PBmining is awesome, if it´s the real deal.

2 things, people accuse PBmining of a ponzi scheme, yet PBmining does nothing I can see to disprove those people, like stating where the datacentre is or photo´s, or proof of hashing in the blockchain. Does anyone know something about PB mining and can prove it?

Secondly, why do the people behind this company want to remain anonymous, if they have good intentions and do what they say?

I now have 50 GH/s and wish to expand with PB mining. But something is holding me back.

What is my fellow member take on this?

Thanks for your time and respons!

They gave us free GH/s before peoples started to mine. And we've got payments before there was many people with bought GH/s.

you should put that topic into mining section.

in my opinion let me say it this way:
I dont think pre-orders are fair for you as customer, because you have the risk of the project get done, but getting nothing from the gain of the company, so I am NOT doing it.

If you think its not fair running a mining company without giving any information to their customer as, who is behind the operation, who is the owner, where is it situated, how is the data center looking, then be honest to yourself and DONT support this companys. Do something for a change. When customers not more buying their products they will consider being more open.

Preorders?? It's cloudmining!?

yes, its cloud mining

there is discussion about pb mining before you made this thread
check this https://bitcointalk.org/index.php?topic=484355.0

Please be careful about pbmining. They are acting basically he same as lunamine did and lunamine recently ran away with everything. They got something like 1900 bitcoins stolen from people who were trying to hash with them. Don't put all your eggs in one basket. Seriously lunamine was responsive and friendly...and it didn't mean squat. They even did a successful sig campaign for a month to lure people in.

I've signed up at PBmining since May, and got some GHS
and until now they are still paying,
and income continued to decline, due to increased difficulty

I wouldn't say that they are so much a ponzi scheme, however they do sell mining capacity that is way overpriced. Their cost per GHs is well over what each GHs will likely earn over the 5 year period. Another thing that is very unfair to their customers is that they force customers to prepay for 5 years worth of electricity when they buy a contract, however after several months the hardware is likely to produce less BTC then the cost of the electricity will consume so their customers would be better off if they simply turned off the GHs after a certain time.

PBMining offers 5 year mining contracts that are priced waay higher than the contract could earn in the given time frame. Though they seem to be up and running for months now, their "hashing power" have no proofs or whatsoever (pictures of the hardwares and data centres please). If you want to get some nifty profit and at the same time experience some hashing, try trading and using cex.io (I do not promote their service xD).

If it sounds too good to be true...

I'm going to say 100% fishy...

They have proof as they have their own pool and they prove their hashrate via their found blocks as they would not be able to find as many blocks as they do without as much hashrate as they claim.

What I do agree with is the fact that their prices are much higher then what the GHs that they sell could ever produce. In order to possibly ROI with their contracts the rate of increases of difficulty would need to slow a lot, of which it is not showing any signs of doing.

PBMining will be 100% Successful Business if they prove they really mining  :D
Otherwise, if they ponzi. Someday they will detected & close their service

I think lunamine / cex.io / zenminer is trustable cloud mining
You should consider 3 of them  :)

my personal experiance with pbmining was awesome have about 50 ghs in it.. but because of diff increasing its hard to mine.. but its not a ponzi best site.:)

With mining having negative expectation of profit, PB mining doesn't really need to have actual mining farm to sell anyone cloud hashing service. They can simple take your bitcoin and return part of your bitcoin on weekly or monthly basis and still be profitable.

It is obviously a successful business if they can convince people to buy their product with premium.

Willing seller and willing buyer and no coercion is involved.

With that logic Lumanine was a very succesfull company, a succesfull company doens't run away with money....

Lumanine didn't deliver the service and product as promised. So they belong to scammer category.

Do your research with the company by sending them emails, getting their contacts and the likes, so far pbmining is doing well but lunamine is a no go area.

Well maestro... if you really want to get some nifty profit and at the same time experience some hashing, try trading and using kryptologika.com because it is way cheaper. What I am trying to say here is that we are here to breake the monopoly of the well known three letter company for the benefit of our customers and ourselves (yes we do this for profits). We have cheaper maintenance fees and we protect the value of the GH/s with physical silver.

Please take a minute and have a look on our thread
https://bitcointalk.org/index.php?topic=732733.20

They don't react to my pm, shame....

In your words, It is obviously a successful business if they can convince people to buy their product with premium, without cohersion, that's what Lumanine did, no cohersion, do you catch my drift?

So instead of being a ponzi they are just scamming their customers by selling their product at overpriced rates. I have noticed that most cloud mining services tend to "estimate" the difficulty rises to be much lower then what would be realistic. Their customers run the numbers with this low increases and buy thinking it is a good deal when if they had done their homework they would see that their assumptions are not going to happen.

Successfull Ponzi ;D
waiting for collapse (or owner run)
oh wait, maybe schematic and brilliant ponzi
lunamine already scam :D

The truth is there is no reliable contract cloud mining offering big profits at no costs. At the end of the day you loose all your investments when the scumbags disappear with the coins.

I think if you want to invest in such cloudmining PBmining.com, you must have a rather large funds, because at this moment is very volatile rate movements bitcoin, and the likely benefits to be obtained can not be predicted in the near future, so If you want to invest and to profit in a short time, do not invest in cloudmining ...  :-\