When you write you add 1 GH/s every diff change - that would mean approx 100 GH/s in a year from now.

I wonder: In a year from now, won't 100 GH/s mine close to nothing? What is the point in mining with 1 GH/s?

Am I missing something?

Hello Piggies,

I am not that skilled with block chain. Can you elaborate on this? How would you determine that it does not come from "freshly" mined coins?

Let's say, they solve a block and get 25 BTC. Those would go to their pocket and they split it up to many addresses, right?

But if they are themselves in a bigger pool, how would that look like?

Sorry for asking noob question, but I am not sure if I understand where you come from.

Best


iFlash

Let's see. I will find out in the next weeks/months to come. And so will everybody that follows my stats and posts ...

See, for me 9 BTC is quite a bunch of cash. It's money I can afford to loose, but still it would hurt, of course. But BTCs in general are a risky thing. So whether I buy BTCs and wait for them to increase or mine them myself - I do not see much of a difference regarding the risk level.

Fingers crossed and happy mining everybody!

Hmm, could it be that they increased that easily because they used to sell mining gear themselves since 2012 (at least that's what the ebay profile of them suggests)?

As said before I am mining with them at 1 TH/s. I think that's a decent amount to find out without doubt whether it makes sense mining with them or not.  At it stands now, I made 0,014 in about three hours or so. By Sunday I should do something like 0,5 BTC if all goes well.

And surely enough, I will report on this.

If you want to check them out, I would be more than happy if you used my referral link: http://pbmining.com?ref=iflash11 cause every GH/s counts ...

Best


iFlash

Hi Piggles,

sure I can do that - I do not see a reason why not. So once I receive my first payment (as I understand it they pay on Sundays, midnight) - what information would you want me to share?

I do not see in my profile the wallet of pbminer, I just see my stats. You can also see them here: http://pbmining.com?stats I am customer 2332.

My wallet where the coins are sent to is a wallet of a German Bitcoin-Exchange (that I fully and completely trust).

Best

iFlash

PS: Edit: Now I got it - you want to see MY wallet. Sure. The address is: 1FuhuajieMxPepf324Q5Jqc11evy4HUMsG

On Sunday, the first payment will be done.

Hello everybody,

I certainly do not hope that all of them are a fraud. I just bought 1 TH/s at http://pbmining.com?ref=iflash11 and I do hope it was not a foolish investment.

@Piggles: I absolutely hear you (I read your word slinging match with one of their admins). But unless the site suddenly disappears we will only know if they are legit if somebody tries to make some money with them. I try this now. And I will keep people posted here.

Ahhh, btw: Everybody can see my stats here (I am user #2332): http://pbmining.com/?p=stats

So everybody can follow how I am doing. Maybe I just threw a couple of grand out of the window but my gut feeling tells me: I did not. Still, that does not mean that I will generate revenue. It depends also on how difficulty develops among other things.

Let's see …

Best


iFlash

Hello folks,


I have tried cloud mining on several platforms but with no real success. The major issue is: The prices for GH/s are way too high (especially on CEX.IO).

So I read loads about other services and finally have decided to take the risk and bought 1 TH/s at http://pbmining.com?ref=iflash11 (yes, there is a referral link connected).

I had contacted the site support and got a swift reply. The money transferred had been turned into the mining power within less than four hours (they claim it could take up to 12 hours).

So far, so good. It will take a good while until I break even and I will report on the outcome on a regular basis. I think that's the only way to find out if it's worth a try or not.

I know that some people fear it might be a ponzy scheme. To this day I can not share this view. At the moment it all looks legit to me (otherwise I would not have invested nearly 9 BTCs) in this.

But we will see. I will keep on reporting.

Best

iFlash

I think that chart does not tell anything. By itself it looks like a big thing, but what happens if you enter a second or third keyword that affects more people.

Look what I mean:

http://www.google.com/trends/explore#q=Bitcoin%2C%20gold%2C%20iphone&cmpt=q

… is still true?

I mean: It's not like that most of us have not seen bubbles before (internet crash, silver, etc.):

https://www.dropbox.com/s/dgbpj6zlebn2rho/crash%20imminent.jpg

Just asking, not trolling ... it really looks just a bit too similar not to question it. And the latest run, followed by a small crash (30 per cent down is kinda crash, huh), followed by going up a bit and now ...?