Bitcoin Forum

Hiya,
So I am looking to invest for the first time in bitcoin, in PBMining. I was considering buying a bitcoin miner, but I saw that with this there are no power costs and it is pretty much the same price as buying a physical miner. Any thoughts?

Actually, price from pbmining is more expensive then if you buy hardware. But yeah its power cost free so you might ROI better from PBmining then buying hardware...

Wait, what is PBMining? I was under the understanding that mining BTC was using w/e GPU you have to solve complex algorithms. So how can someone mine with zero power costs? GPU usage = power consumption. What am I missing here?

pbmining is cloud mining service
so you only need to buy hashrate (GHS) from them and they mine bitcoin for you for period of time
you didn't need mining hardware and cost (electricity and hosting) anymore
but some people think pbmining don't actually mining
you can see the discussion here -> https://bitcointalk.org/index.php?topic=484355.0

For me, an Antminer S3+ 400+gh/s costs £210 with shipping (power costs too)
PBMining 450 gh/s = £195~ with no power costs
Is there better hardware, that is cheaper than PBMining?

AHHH I get it now! lol so you pay someone else to use their hardware to mine for you. That sounds like a huge scam. They could easilly mine and just keep everything and say they got nothing. OR like you said, not mine at all.

now days if you dont have super cheap power cost or for free, its better to go with a cloudmining service,
PBmining is working fine for me, since last may
is you wanna go with pbmining pm me to send you my ref link and share with you the 50% from your referal
 8)

Does pbmining still ask for a 5 year contract? I remember that when I was looking for a cloud mining services. That's why I've chosen CEX.IO.

I think you can choose that or a 1 year contract. Some people buy GHs, mine for a month then sell the GHs at the current rate, making back their investment possible + the mining revenue.

I can advice you pbmining, it is a good cloud mining website. If you want to try it, invest a little part of your bitcoin and you decide if pbmining is a good way for you or not. Anyway, remember: Don't invest what you can afford to lose.

well said! ..and check price - sometimes on front page you can see 0.0021 / GHS, but now price is 0.0015 / GHS (If you see 0.0021 - you have to refresh - sometimes few times site)  it looks like is cheapest offer on market atm.

..and if you decide to invest in PBmining - PM me before - i will tell you how to get 5% more power for free ;)

I see you have gawminers in your sig. Have you got a miner with them? I am trying to decide between gawminers and pbmining.

hey

don't invest what you can't afford to lose before investing look around more about it here i heard so many people make profit from pbmining ...

so look around here more....

Compare rates before u purchase...

1. https://cex.io/ => 0.00268387 BTC/GHS

2. http://pbmining.com/ => 0.0021 BTC/GHS

3. http://www.cloudmining.website/ => 0.001 BTC/GHS

Guys, Give a try on hashprofit. Purchase some 5000 Kh/s and earn 0.03543BTC / day.  Purchasing 5000Kh/s will cost you around 6.53363BTC.
Your Initial Deposit will be recovered within exact 185 days only. And this 6 months period , all profit will be only yours till 2 years.

In 2 years time period, it will be 8969.95USD Profit by purchasing just 5000khs for 6.53 bitcoins only. If you think you are not satisfied with ur cloud mining site, then you can move to hashprofit anytime. :)

PBMining is one of the cheapest,try it man

One more time: PBmining price is 0.0015/GHS

Something more about PBmining - check post of SlientBit from 01:31:39 PM - will tell you a lot!

 

It was 0.0021 BTC/GHS even a few hours ago. Apart from me, others also got the same...


What does it mean by check post of SlientBit from 01:31:39 PM ? It does not mean anything. No mention of thread, no quotation !!!

Moreover, I never said PB Mining is bad. I just wanted to point out that they are not the cheapest at the moment. It does not mean that they wont be the cheapest again.

I will probably not go with PBMining because I am afraid they will run with the money. They have little to no information about their company on their website compared to cex.io or GAW. Still trying to decide between 50mh/s scrypt or 500gh/s sha

and for you probably still will be 0.0021/GHS - that's browser issue - you have to refresh site and you will have 0.0015/GHS :)

maybe are some cheapest.. but this what you can see under is giving me many informations. If you have something like that from others please tell us more..
https://i.imgur.com/Gifka8m.png

Dont expect services to stay because u know a few things about them and they'll vanish because u dont know them People did the same mistake with Mt. Gox and fallen into trap. But, those who trusted BTC-e are still making money. Try to judge a service for its responsiveness, practical words etc. If I were at your place, I would never go with Josh Garza's GAW as there are numerous complaints against him. Logically u have 3 options...

1. If u want to trade, go for CEX.io (they are the costliest and guaranteed not to make profit from mining)

2. If u want to trust, go for PB mining (they are the not the cheapest and but chances are there to make profit from mining)

3. If u want the cheapest, go for www.cloudmining.website (they are the new, so not trusted, but guaranteed to make profit from mining)

People are saying PBMining is a ponzi scheme though... I'm not sure about which one to go with, I might put in $10 for both or something (pb, gaw) before actually investing. I am worried about pb being a ponzi tho...

I think pb mining pays in week.....is this right

So I was going to invest in hashnet.com but I figured out that the maintenance fee is almost half my bitcoin per day!
Am I right saying that PBMining.com has no fees? It may be 0.2 btc extra but if that were the fees it would cheaper than hashnet

Just now i check PBmining site - price is 0.0014 :) just saying..

There is fee. But it is different. They ask fee when we buy hashes. So for example, if you buy 10 GHs @ 0.0014BTC each, then the amount you want to pay them will be ~0.0144 or similar. I don't know how they're calculating fee but it is there even though most of them doesn't notice it. ::)

   ~~MZ~~

Yes, there is a big discussion going on: https://bitcointalk.org/index.php?topic=484355.700.0 . I prefer GAW now. :)


Yes, you wre right!

I say buy Bitcoins instead of mining. It will give better profits.

At this moment, yup, buying bitcoin directly gives you more coins (unless the difficulty keeps growing slowly as in the previous month) and less risk.

I can advice you pbmining, buy a contract to try how it work, consider that with this you haven't any cost to electric bill and manutention. PBMining is very trustworthy, consider that has ever payed all people.

PB Mining is one of the quicker ROI available. Check out the chart in my signature. They are doing pretty well with their payouts and I've actually been planning on increasing my investment with them due to this.

Can you tell when did you buy last contract which get ROI and how much did you pay for 1 GHs?

I bought on 10-27-14. I believe I bought at the same rates they are now (0.0014 BTC/GH). So the smallest contract which is 25 GH/s would cost you 0.035 BTC.

Through 2 weeks my payments have averaged 0.0021 BTC per week, so it will take me 16 weeks to recoup my investment or 115 days which is pretty good in the cloud mining world.

Not nearly as good as LTCGear, but still pretty good.

Oh.. :) I'm sorry.. From your first post i understand that you already get ROI with some of your contracts.. My fault :)

But yes. I have this same filing that atm PBmining is one from the most trustworthy cloud minings. But there are coming new ones (look my sig ;) ) We will see where it will hits..   ;D

i swear the prices are not cheap, and they use a formula..to pay people out not based on hashes..

Can you give me link or any info where i can find lower prices? (besides  CloudMining.website  (http://www.cloudmining.website/?r=2144) where is time limited offer)

AMHash is currently selling at 0.0012 BTC/Gh.

Nice offer :)
Cloudminr.io is selling GHs for 0.0012 BTC in VIP offer but 2000GHs that's a bit  to much at the beginning..

Nice competition between the cloud miners here, great for people who are buying GHS.

Remember the times when 1GHS was worth over 0.02BTC  :D

What are your experiences with support on pbmining? I like this service, but during seven days, I wrote 3 emails and one PM on bitcointalk.org and until now without answers. This greatly reduces my confidence in this service.

Not to mention that they have been around for quite some time now and are a very reputable mining company in the bitcoin world.

With this "very reputable" is far too much! The fact that there is already a year and still pay does not mean that they will pay to the end of the contract (5 years)

I have 750 GHS with them and have had no problems with PBmining since I signed up in October 2014. You could say I am very happy with them thus far...

There are 3 things I am concerned with however, that happened this month which may or may not be related to one another.

1. No hashpower available for sale. - Not really a big issue by itself but slightly concerned because of the 2nd & 3rd issue
2. Half day delay in most recent payout. - Again not a big issue and only slightly alarming cause it never happened before.
3. Sudden extreme drop in payouts. This is a huge concern for me since the drop was HUGE (from an average of 0.0003 BTC/30GHS contract/day to 0.00008 BTC/30GHS contract for 3 DAYS)

It would be nice if some sort of explanation was provided by PBmining for this extreme change in payouts. I tried emailing but unfortunately no reply. Don't get me wrong, I like PBmining but I just wish they would take the time to talk to their customers whenever something changes in their system.

LOL, Masterchai, you havent noticed the pb ponzi collapsed?  read and weep:
https://bitcointalk.org/index.php?topic=887871.0

Konstigt, good job not falling for the army of ponzi referral promoters.

yep, Unfortunately I have bad news for you:

"Recovery program beginning in January for PB Mining customers."

more in link in post above..

Yeah just read it. Looks like I'm shit out of luck. Too bad I only found this site after I bought into PB. You win some you lose some I guess...

write to them .. maybe they gonna do something in January .. but little chance to recovering anything.. s&it happens..

+1 . They're claiming that they will start a recovery action in January, but I kinda doubt it because all the hassle the whole project has gotten from members of btctalk and those "killing messages" for the "main developer". But good if people get's even something they've invested on the project.

it happens if you go sit underneath a cow's ass while its eating.
Shit like this doesnt just happen if you apply just a minimum of common sense and do a minimum of due dillegence before deciding to invest in something.
The OP is a complete newbie yet he figured it out.

Not only he..  ::) when i look on review of cloud mining services everywhere i see 50% more risk than week ago..  :(

Suddenly so many new cloud mining pop up, its really high risk. Really sad pbmining is closing on january..

If you do no research and focus on profitability, you will only lose, time and again. Lucky for you, puppet did most of the work for you:
https://bitcointalk.org/index.php?topic=878387.0

And again this same story. Yes, he did job, but this is like shooting with blindfold. Of course can help, but only time will show what is correct, what is not..

Out of curiosity, if you didn't find out about PBmining through here, where did you hear about it?

KnC, Cointerra, ASICMiner, Bitmain, bitfury <- Manufacture their own hardware, public mining addresses, loads of photos, established reputations
pbmining, nexusmining, etc, etc <- "Trust us guy, we're so mining. Can't sign a block, because security. Don't buy if you don't want. Here's 10% if you convince your family to send all their coin in too."

You can take off your blindfold before firing, you know.

it sounds like advertising  ;)
Of course, that's are very important informations, but the price also attracts people.
After that, what happens to the PBmining hard for me to discuss, I give up.  :)

More an indictment of sending money over the internet to someone who refuses to disclose their name, prove they have the capability to do what they say, refuses to show they are doing what they say, and if asked about it just reply "Trust me"

I'm sorry for everyone's loss but I find the truth makes me want to facepalm.

it all gets more complicated when someone says that after 10 months he earned 100% of he's investment .. It is mixing people brains, and then is like with PBmining

will pbmining refund the payment or not
Curiously waiting  >:(

Maybe! Let January come, we will know it! :)

   ~~MZ~~

Let's hope.. But It looks pretty bad.. No payout at all today.

recieved 0.00013310 BTC today from PBmining... very less payout amount :(

read the other threads https://bitcointalk.org/index.php?topic=888924.0

heres another one https://bitcointalk.org/index.php?topic=887871.0

i doubt you`ll get it back, just consider it a expensive learned.

I was curious either about what is happening at pbmining... I just received a payment of 0.00006684 BTC for 3 weeks of mining.
Guess This will be all. I wrote them 2 emails, still no contact whatsoever..
It seems that the cloud mining bussiness is becoming less and less trustworthy!!
:(

Its not becoming less trustworthy, anonymous operators with no proven hashrate have never been worthy of any trust. All thats changed is that you begin realizing this now.

Any update for the PBMING SCAM? Anyone become your BTC back?

No, one sir, all of the btc is already got snatch by the pbmining. http://pbmining.com/ looks at the homepage and that's so shameful.

PBmining is very long time scam
pbmining not real mining only scheme ponzy
early iam not understand i think the real mining,
iam invest in pbminiing in year 2014, iam lost 1 bitcoin in pbmining

This is already  an old thread and should not be  revived  or discussed about this  pbmining because  its already a scam and there are already lots  of cloudmining scams  do exist today.  I do invest  on this  but  end  up being scammed  thats why i dont   join any cloudmining sites as  of now.

Question is abouy any news..
There have been many attempts to find the person who was behind the PBmining. Many people have reported it to the police in Canada. The question is whether someone has set something new in this case, or whether anyone regained at least some of the money?

Not sure how much money would be left, even if you found him.
He took your money and bought a Paramotor (http://nationaltitlecheck.net/canadian-aircraft/index.php?MARK=IKQO). Sorry.

I think it's not a good idea. It looks just more one mining site where investors don't make profit, just lose money. Many people invest for the first time with Bitcoins in Cloud Minings, but it's not a good deal. If you want to skip the fail part of the bitcoin newbies, just don't do it and you will save your money for something that really matters.

Caution with online investiments, you need to search a lot for informations about it before invest.

There would  be  no new news  regarding with this and  for sure people who got victim by this  ponzi would   not matter at all and  already moved on and dont intend to  make acts  regarding to this., just  like on hashocean incident  until now theres  no clue  whos behind   on those  scam thats why  i really dont trust  this schemes.

At this time it would be very unwise to invest in cloud mining and for other investment i would make sure you do your due dilligence.
It seems to me that everybody somehow is after your money and that's not just it. Many have ill and rotten intentions and will likely run away with your money. If you are new witb bitcoin it would be best to juts hold onto your bitcoins.

Please close down this thread, this project s been dead for a long time and all it does ATM is scares newbies from even being into crypto. It was an obvious scam from day 1.

Agree with you, this  thread  is being  created   for  years passed already  and been  bumped  and  posted again. PBmining is clearly a cloudmining scheme which are   actually total scams.  I dont  think  newbies  would be  scared though as  long  they are knowledgeable enough  to leanr new things on  this forum.

Yes, more than 2 year ago pbmining was not made payment to their users, it was over and it is time for lock this thread due to there are not useful made thread scam service.