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If I don't like the price of something in a store, I just don't buy it. I'm not going to make changes to our business just because you don't like our pricing. You are much better off to just look elsewhere.
We sell for what we think we can get in the market. We will not sell ourselves short.
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How is this any different than his previous complaint? Now he's just trolling. I've already answered to this.
its not a complaint, its a question, please answer.. how is it offensive.. i just want to know about a price drop that when converted is below 2.5 usd .. so i can speculate on a return in the black even when btc return is in the red We usually have a double price drop when it's time for the difficulty change. Maybe tomorrow's drop will make you happier. If it doesn't though, please shop somewhere else.  . |
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How is this any different than his previous complaint? Now he's just trolling. I've already answered to this.
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Pbmining: if mine entry number is 43 and there are couple of more who have same number....so..who will win ??
....i mean if number 43 wins...
Then there will be a final round the next day (Sept 2nd) in which those users will be assigned a unique entry number before the block. I'm glad you pointed that out, because that was mentioned in the "Games and Rounds" thread but not in the services thread: For piggies with identical winning entry #'s who survive all the rounds together, details of the FINAL ROUND will be announced for the following day! (Sept 2nd).
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We are used to a lot of work, don't worry about that.  |
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Damn Labor Day is a long time away... Who keeps track of who wins? I may forget I even signed up for this by September LOL
The winner will be contacted, and the block hashes will be posted and analyzed for everyone to see the winning entry #. Just like previous contests. |
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They will be valid if they are posted in either thread though. |
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2TH/S is being given away FOR FREE!You MUST have a MINIMUM of 40 posts at the date and time of this posting,
OR hold at least 25GH/s of hash power in your PB Mining account (at any time before the winning blocks).
The bitcointalk account must also be no newer than this announcement.
READ THE RULES CLOSELY. This is quite a bit different than our previous contests! This is an elimination tournament and so there will only be ONE winner. Enjoy your summer, piggies! Make sure you finish it hard with some new hash power this fall.  Watch the closest* mined Block On Monday, September 1st, at 22:00UTC. On Blockchain.info, that Block will have a Hash, which is indicated within the red box.
This timestamp (circled in green) is for demonstration purpose only.  If your two digit Entry # in this thread shows up at any point in the Hash, you will proceed to the next round! In this example we used, winners of the round would have been 31, 14, 42, 29, 41, 11, 18, 82. If your entry number matches ANY of those numbers, you progress to the next round! If not, you get eliminated and processed into delicious bacon. The next round will come as quickly as the next block, so keep watching! Each block that passes will eliminate more winners until there is only ONE PROUD PIGGY standing! But wait a minute, what if piggies have similar winning entry #'s?There will be a FINAL ROUND announced for the following day (Sept 2nd). So how do I join the draw?Just post here with the following: " And this little piggy went hashing!" (doesn't have to be perfect) Also post your customer # with PB Mining! Make sure you register at www.pbmining.com if you don't have one yet. You must also post a good joke to keep us entertained!
What is my Entry #?Your "Entry #" will be determined by taking the first letter and last letter of your bitcointalk username and then using this to convert it:  If I were playing, PBMININ G would be #77 IGNORE the numbers in your username, if there are any. For example, 1PBMINING1 would still be #77. There also must be a minimum of 2 letters in your username. So what is PB Mining, anyway?We operate Bitcoin mining ASIC hardware. When you buy a contract with us, you will begin earning Bitcoins instantly. At Piggyback Mining, we cover the electricity costs and all pool fees. Your contract is 100% insured because we want you to succeed. Check us out at http://pbmining.comSo to sum up the rules,
In the rare event that there are multiple winning blocks at the same time, then all Entry #'s of both blocks will proceed to the next round.
For you to be eligible for this draw, you must have a minimum of 40 posts at the time of entering, OR a PB Mining account with at least 25GH/s in it any time before the winning blocks begin.
The bitcointalk account must also be no newer than this announcement.[/b]
Payouts to the winner will be made every Sunday before Midnight (GMT - 6).
For piggies with identical winning entry #'s who survive all the rounds together, details of the FINAL ROUND will be announced for the following day! (Sept 2nd).
Orphaned blocks will not be included in this game.
13000+ contracts and growing.
Come feed your greed!
0.0044 BTC/GHs
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2TH/S is being given away FOR FREE!You MUST have a MINIMUM of 40 posts (at the date and time of this posting),
OR hold at least 25GH/s of hash power in your PB Mining account (at any time before the winning blocks).
In addition to at least one of the requirements above, the bitcointalk account must also be no newer than this announcement.
READ THE RULES CLOSELY. This is quite a bit different than our previous contests! This is an elimination tournament and so there will only be ONE winner. Enjoy your summer, piggies! Make sure you finish it hard with some new hash power this fall. Watch the closest* mined Block On Monday, September 1st, at 22:00UTC. On Blockchain.info, that Block will have a Hash, which is indicated within the red box.
This timestamp (circled in green) is for demonstration purpose only. If your two digit Entry # in this thread shows up at any point in the Hash, you will proceed to the next round! In this example we used, winners of the round would have been 31, 14, 42, 29, 41, 11, 18, 82. If your entry number matches ANY of those numbers, you progress to the next round! If not, you get eliminated and processed into delicious bacon. The next round will come as quickly as the next block, so keep watching! Each block that passes will eliminate more winners until there is only ONE PROUD PIGGY standing! But wait a minute, what if piggies have similar winning entry #'s?There will be a FINAL ROUND announced for the following day (Sept 2nd). What if there are multiple winners in which none of them win the proceeding block?Remember, there has to be one winner. In this case, they would all simply proceed together to the next block until we can eliminate all but 1 piggy. If those winners had the same entry number though, then we stop the game and details of the final round (Sept 2nd) are announced. So how do I join the draw?Just post here with the following: " And this little piggy went hashing!" (doesn't have to be perfect) Also post your customer # with PB Mining! Make sure you register at www.pbmining.com if you don't have one yet. You must also post a good joke to keep us entertained!
What is my Entry #?Your "Entry #" will be determined by taking the first letter and last letter of your bitcointalk username and then using this to convert it: If I were playing, PBMININ G would be #77 IGNORE the numbers in your username, if there are any. For example, 1PBMINING1 would still be #77. There also must be a minimum of 2 letters in your username. So to sum up the rules,
In the rare event that there are multiple winning blocks at the same time, then all Entry #'s of both blocks will proceed to the next round.
For you to be eligible for this draw, you must have a minimum of 40 posts at the time of entering, OR a PB Mining account with at least 25GH/s in it any time before the winning blocks begin.
The bitcointalk account must also be no newer than this announcement.[/b]
Payouts to the winner will be made every Sunday before Midnight (GMT - 6).
For piggies with identical winning entry #'s who survive all the rounds together, details of the FINAL ROUND will be announced for the following day! (Sept 2nd).
Orphaned blocks will not be included in this game.
22000+ contracts and growing.
Come feed your greed!
0.0029 BTC/GHs
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New contest tomorrow tonight!
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oztusk, we sell hash power for what we determine we can get for it on the market just as any business would. We have remained competitive and still have the best prices available.
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Our price drops have nothing to do with the price of a Bitcoin in USD. We drop the cost in relation to the difficulty factor and an increasing maintenance cost. It's all relative. If you have mining hardware worth $100, and Bitcoin doubles, it should now be worth $200 since it is capable of mining Bitcoins which have doubled in value. Of course the BTC price of the hardware has stayed the same the whole time. You will see this in a fiat based marketplace, such as eBay -- people will hold onto their miners much tighter and sell higher when Bitcoin goes up. They would rather do this than lose potential profits to you over an increasing Bitcoin value. We choose to value our hardware higher (in USD, not BTC) as Bitcoin goes up, just as anyone else would. To counteract this, you will see the market flooded even more aggressively with ASIC hardware. Supply and demand. We feel our price is fair and very competitive, and remains to stay that way. |
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I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase! ok, what drives sales is profitability, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash,,, etc , the price of gh is dropping, which means its dropping for you, so i am just asking what the model is for this inevitability and people lost their shit... so what is on the horizon? Welcome to the world of Bitcoin mining. As the difficulty factor increases, profitability drops. We all hope for low difficulty increases and a positive rate of return. On the other hand, we also accept the risk that if the difficulty changes are high then it will be more difficult to profit. We didn't create this game -- we simply sell the hash power and try to create a small profit margin for ourselves. There is nothing complicated about our model, you either buy it at our price, or you don't. What the difficulty factor does is completely out of our control and is too unpredictable to guarantee a gain or loss on your investment. I have always recommended to customers that they use a spreadsheet program to determine for themselves the different scenarios that can occur when you purchase hash power. Feel free to publish your results and share them with other forum members. |
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ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now
Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss? If the bitcoinwisdom chart was larger, you would see that you will definitely profit over the next 5 years. Also, stop begging for lower price if you can't afford it. Why should PBMining sell them at a loss? By the way, difficulty increase was 18% the last time, and 10% before that. dude stop trolling for them ,,, dont get so but hurt,,, fuck i have never seen such crybaies,, if you get upset you have misunderstood the post or you are irrrational-at 2.5usd per gh profitability is lost now... the btc per gh drops still reflect 2.5 usd per gh... if it does become profitable it is 1-2% gain from current buys if u get that.. i see prices are lowered,so you do understand that pb, but will the 2.5 usd per gh barrier be addressed thankyou I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase! |
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Wouldn't that be nice! Keep in mind that we need the full revenue right away so that we can keep purchasing hardware... otherwise our purchasing power would be severely limited, and so would the supply.
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