it is dishonest, but just like crypto is new, this is a grey area nobody has ever seen before they dont need to mine for every customer, i dont think they need to mine for even half, they could run there business with about 25% hashing and 75% ponzi style - and never quite or get shut down or screw any body over, my number is just a guess but the fact is not... 1 single bit coin could cover hundreds of customers in a year five contract you wouldnt actualy mine the btc in year 5 - you would ponzi it.... pb doesnt have to cover all payouts in the first year just what isnt coming back into ponz and he could use some capital to update equipment and get miners and stay out in front... unless he truly is going to cut and run its not an all or nothing proposition-just my two cents ps... its like 2.19usd/ gh right now... life is good pss i am in pb twice ps.. please do pm me to use my reference link if this helps make up your mind-shameless  |
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what you mean paid and still no miner?  ? YES, and after i brought it up to jack on skype, rather than find the culprit who was responding to the skype icon on the site(of course i didnt search-there is an icon to click on which i would have to see just to know the name to search for, so i just clicked it), he changed the skype icons.... THINK ABOUT HE WARNS OF SCAMMERS IN HIS SIGNATURE,,,,,, JUST POST THE BTC WALLET IN THE SIGNATURE...... and then right after that the same thing happens, someone says "hey its in the thread",,,,PUT IT IN THE SIGNATURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! i am not done with them- dealing with skype is painful and tedious but they do have a security department - that i am hoping to get the documentation from showing that my conversation was generated by the website |
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POST THE BTC address IN YOUR SIGNATURE!!!!!
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1. thats his Skype status , he said "hi" ; 2. professional not professionnel ; 3. are you a customer of ours ? OMG.... WHAT EVER YOU DO DONT USE SKYPE WHEN DEALING WITH THIS COMPANY NO NO NO NO NO!!!!! that would be absurd... STAY AWAY FROM THIS THREAD....never use skype.... just ask them to post there wallet address, they always say "its in the thread" .... why say that post it...there signature warns of scammers ----just post the true wallet in the signature,,,,then you dont need to warn anybody---ONLY REASON TO DO IT THAT WAY IS TO KEEP THE SCAMS ALIVE |
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Excellent guide! And I like how it is updated.
I wish I learned about it sooner. I first found out via a link on another thread about an hour ago.
i too thought so and i checked the guide before i went to a website- i then did business with the business and lost money... i then contacted dogie and sent tx id... he then responded you got scammed by a scammer- well no duh... thats why i let him know and he refused to lower the rating... so its kinda useless, when its right its just coincidence it has no true meaning Add this guy to ignore lists, he added a scammer to skype, sent them money now wants me to downvote the actual legitimate business. I WENT TO THE WEBSITE- THE WEBSITE ON THIS LIST - just proved my point- still havent addressed the obvious- i would have to go to the website to get the skype name- the website has a skype icon to click on which generates an automatic connection to the websites personal, implying i got hold of a scammer would mean that i then did a search for the name of the icon before me which makes no sense - so the scammer existed within the company- so i let this guy know and as you see he has other interests or he would want this info and make practical observations- not excuses - so just be warned any time he is correct it is just coincidence not because he has done his due diligence or accepted feedback based on tx id - just right to the "you got scammed" without thinking it through- the implication is that i would not have used the website-but if i did not then i wouldnt have seen the product that i wanted and even known of the skype name to search for ---definately irrational, no apologies for his mistake and has been rude- ignore me all you want so i dont get replies from people who would have similar erroneous thought processes What website did you go to? Don't tell me you added or typed the wrong skype name of the seller, and are blaming Dogie's guide for leading the way? if your joking haha, if your not-thats my whole point- i never typed shit- in order to type i would need to know what to type- so i would have to go to the website-the website has a skype icon- so you just click on it--thats it-you dont do a search for a skype name that is in front of your face when you just have to click on the icon to make the connection-to talk to the personal about the item for sale on the website---its soooooo absurd it makes no sense--so dogie says (to keep the sweet deals he gets) that "you got a scammer" ... and he says it as if that means the scammer was somehow seperate from the business.... which makes no sense... how would the scammer have access to the skype connections generated by the website-that would be even more egregious |
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There is a checksum so it should be possible to verify if one of the addresses has a typo. I'm also wondering why the pool doesn't check if the address is valid before authorizing.
Two reasons: Verifying if a string is a correct bitcoin address is somewhat expensive and it's not a good idea to do it in real-time when a new connection appears. It would create a bad experience for users. You would get disconnected and maybe didn't even know why so could think that the pool is not working or not reliable. I rename mistaken usernames on users request fairly quickly so I think it's better this way. clever is on an absolute tear again, i thought last week was epic-last week is this weeks bitch |
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i have heard some crazy things about only comparing btc to btc on this thread... but to people who dont realize how value is determined---(just an example to make a point)lets say a car is 10,000 or 20 btc(1btc=500 for examples sake) then btc rises to where 1btc=10,000. would you still pay 20 btc for it?? if its true with larger numbers its true for smaller ones... btc roi and roi can be differnt
It is very simple. Incorporating the dollar value just confuses the profit from mining with the profit from holding. If you buy 1 BTC, then you will always have 1 BTC. If you spend that 1 BTC for X GH/s and it mines more than 1 BTC, then you have made a profit. If it mines less than 1 BTC, you have made a loss. It doesn't matter what the dollar value is because if you mine for a profit (loss) you will have more (less) dollars than you would have had if you didn't mine. Think of it this way: If you give me 10 BTC and then 1 year later I give you 9 BTC, who makes a profit in the transaction? I will do that deal with anyone for as much BTC as they are willing to give me, and I don't care what the dollar value is at the beginning or the end. generic coin=gc example using your logic,,, if i gave you 10gc worth 10 cents and a year later you gave me 9gc back worth 10 billion- you did not profit... you are not very good with markets..... no way---that logic is flawed-you dont even believe yourself this is one of the best chances ever to get a contact- these guys havent scared you away if you can do simple math 2.16 usd per gh....thats less than 1th miner-throw in its not your electric and your way up. pm me if u need anything http://pbmining.com?ref=rodeoclownicp by the way this is one of the best times ever to get a contract |
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Excellent guide! And I like how it is updated.
I wish I learned about it sooner. I first found out via a link on another thread about an hour ago.
i too thought so and i checked the guide before i went to a website- i then did business with the business and lost money... i then contacted dogie and sent tx id... he then responded you got scammed by a scammer- well no duh... thats why i let him know and he refused to lower the rating... so its kinda useless, when its right its just coincidence it has no true meaning Add this guy to ignore lists, he added a scammer to skype, sent them money now wants me to downvote the actual legitimate business. I WENT TO THE WEBSITE- THE WEBSITE ON THIS LIST - just proved my point- still havent addressed the obvious- i would have to go to the website to get the skype name- the website has a skype icon to click on which generates an automatic connection to the websites personal, implying i got hold of a scammer would mean that i then did a search for the name of the icon before me which makes no sense - so the scammer existed within the company- so i let this guy know and as you see he has other interests or he would want this info and make practical observations- not excuses - so just be warned any time he is correct it is just coincidence not because he has done his due diligence or accepted feedback based on tx id - just right to the "you got scammed" without thinking it through- the implication is that i would not have used the website-but if i did not then i wouldnt have seen the product that i wanted and even known of the skype name to search for ---definately irrational, no apologies for his mistake and has been rude- ignore me all you want so i dont get replies from people who would have similar erroneous thought processes |
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Excellent guide! And I like how it is updated.
I wish I learned about it sooner. I first found out via a link on another thread about an hour ago.
i too thought so and i checked the guide before i went to a website- i then did business with the business and lost money... i then contacted dogie and sent tx id... he then responded you got scammed by a scammer- well no duh... thats why i let him know and he refused to lower the rating... so its kinda useless, when its right its just coincidence it has no true meaning |
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terk, i still have two accounts with balances yet no payment-please do that fix where you go through them and fix that
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i just voted for octocoin
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terk i had this account hashing as recently as the 14th and it has a daily minimum but i have had 4 accounts and some never gets exchanged and some remains immature. today no payment was sent, it just remained in immature and unexchanged. please handle that for me
1GL4W9ABPFS3UDKeSpTEsmVk3o6XXFQqt1
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great buying price for those converting cash to btc---its very low now--- and when btc goes back up you will get paid at the a higher rate than you bought in for which equals a nice payday opportunity  http://pbmining.com?ref=rodeoclownicp |
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Actually within 5 minutes. Our accounting scripts are running shortly before payouts so usually significant amounts of coins are converted from unexchanged to exchanged just minutes before payout. And then there's the payout at 1:30am UTC.
Hey terk, this account isnt old at all and i am still mining with a different address but please pay the balance out. there were days i had the mh pretty high. but i am worried it will get stuck. 1GL4W9ABPFS3UDKeSpTEsmVk3o6XXFQqt1 and here is one that is really old with a tiny bit in it. 1NDoJmvmeXgAz2i3ZsFtVBdAiDeSJ2nEip |
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oink!  oink. another week, another contract broken even. really, thats awsome |
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pizzzzaid ... first to say it 3 weeks in a row |
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right now is an amazing time to buy contracts, you will be saving on the front end and if btc goes back up you will get it on both, this seems like a rare chance to get in at a great price... best of luck http://pbmining.com?ref=rodeoclownicp |
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Hmm.. if you don't calculate things with math, how do you calculate them?
And to claim USD has nothing to do with it (your return) doesn't make sense. The value of Bitcoin, at least today can only be compared to Fiat. Perhaps in 20 years that won't be the case.
All BTC has been obtained with some fiat. Whether it was bought or mined, there was a USD cost to obtain it. To ignore that seems a fallacy to me.
dead on, absolutely i have heard some crazy things about only comparing btc to btc on this thread... but to people who dont realize how value is determined---(just an example to make a point)lets say a car is 10,000 or 20 btc(1btc=500 for examples sake) then btc rises to where 1btc=10,000. would you still pay 20 btc for it?? if its true with larger numbers its true for smaller ones... btc roi and roi can be differnt |
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I plugged some numbers into that calculator. Problem is, it is very dependent on difficulty increase.
Assuming a purchase of 100 GHS at current pbmining and btc value would be $235.
$235 at 10% interest (if you can get it) compounded annually for 3 years is 344.06.
(3 years is the most full years the BTC calculator would give me)
Per the bitcoin calculator assuming a 10% difficulty increase the return in BTC is .1921 or $113.41. (a loss)
So, compared to investing the cash it's a loss. But, can you get 10% annual return on your money?
Will the value of bitcoin be the same in 3 years as it is today?
But, that calculator shows EVERY miner (you chose at the top of the page) is going to lose you money at a 13% difficulty increase with $0 electric cost and $0 pool fee. How can that be right? If that was the case, no one would be mining.
So, I'm not sure how accurate the calculator is. Who knows. I can only go by my actual earnings and those of others that say they are break even in about 3 months and everything after that is profit.
ya know to compare your self to those who have roi you would need to know there gh price than lower buying price by the same percentage of dificulty increase if the price drop is not equal to dificulty rise then your paying more per gh than those who have roi.. so as time goes on quality of investment goes down... for instance moving price .0041 to .0040 is a 2.4% drop.. pb usually hits it twice near difficulty changes, i do not feel like doing a bunch of simple yet time consuming math but i think the price verse dificulty increase is about 5% difference ... keep in mind percentages do not add together...so the early bird did get the worm but right now is the time to convert cash to btc to buy a contract...lets say some one bought 3 months ago and roi...btc would only have to rise 25% to be on par with them if btc rises and you didnt convert usd to btc the 25% (125usd)rise is meaningless(the rise is an assumption) and you will not benefit.. if you use btc u already have ignore the benifit as well - there would be no upside |
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Haha, you really should remove butterfly labs from that. Also, ROI is definitely possible within 5 years.
Yes, it seems like ROI in the crypto world assumes everyone should be able to buy a coin for $2 and have it be worth $600 3 years later. If you can earn 10% per year, that is a very high return. $100k will become $259k in 10 years. I don't know how much that $2.5 (a number that has been mentioned by someone many times) will be worth in 5 years at PB mining. But, I expect it will be more than $4.03, which is 10% compounded annually for 5 years. pick any numbers you want and just check the magnitude- year 3,4,5 wont count... ROI in the red can happen from buy conversion or btc value increase- is there a calculator with a derivative for difficulty increases? Yes it is: https://bitcoinwisdom.com/bitcoin/calculatorgreat calculator but all i see is a setting for dificulty increase ( there is no way to set a rate of the percentage) i guess you could just count the first three numbers change the starting date calculate the new dificulty yourself and then repeat every three results or so for accuracy - pain in the ass - but that is the best calc so far |
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