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well in years 3,4,5 i dont think you could blame pb for not mining the coin and not using greater cost to produce almost nothing - for instance and i am just making something up for examples sake - lets say in year 4 it cost pb $10,000 in electricity to produce 2 coins doo to difficulty jumps(made up number) u would just pay out the 2coins from previous profit and not bother mining it ,,,but most likely hardware will get cheaper ....my brain will have wifi and thousands of pico-meter asics in it- my electricity will be generated through my movement like an automatica wrist watch.. i will just think my money into existence...poor pb he will need to wear a neck brace around to handle the hardware in his head from his one century long contracts
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is there anything bill murray cant do  |
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ok i got to ask does bill murray know he has a coin? does he have anything to do with it? has he been on here
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i cant wait 1 more week and i will be mining again, i went from a milk crate, to a dragon miner that caught fire, to a 26mh scrypt that i paid for today  .wont start till the first, so far what has me excited is all those new coins i saw on fusion hash - is it wrong to want a fusion hash multi-pool? is that bad or good for the coins? is there a mining etiquette for this coin? i have never mined a single alt in my life  |
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Nothing I said was personal, it was all facts. And yes you are right about part of what you said, your calculations about how the business might be run, could show it is legitimate But your USD$2.5 figure doesn't equate to anything , the price is in bitcoin, because it is the base currency we are all using, PBmining will drop the price in Btc because what we are doing has nothing to do with the price of the US $, I don't work my numbers on the price of the US$ (because I can't tell the future, so I have no idea what the BTC/USd will be in the future). Your profit and loss from mining should be worked out in BTC (Base Currency). It would be like me wanting to buy something from the US and asking them to change their prices because the NZD (where I'm from) used to be worth more. I don't think any business works like that  <bold> but I do see your point, I did misread your previous post </bold> fare enough, u are light years above the rest- im ahead of the time as well (but i concede that people do not see me that way) by the time the magnitude changes twice it will be very obvious what i am saying but too late to discuss- at least you did not freak out on me so i hear by eat my words - there is one good man left - the 2.5 barrier is significant but bringing it up is so difficult because people want to fight about it... i would never consider the lesser of a currency the base,, soft power is def w the usd/euro/etc .. if i were buying a mining machine that would net me 5000 usd .. if the price drops in btc and the value of btc has gone up the deal is still the same but if the price drops in btc and btc hasnt changed i am now going to get more,,, well when machines prices are dropping more people will follow supply and demand and the other asspect is when time passes profitability goes down adjusting the btc price isnt nothing but a sticking base price is worthy of discusion- thats all- so you dont agree ok - if the value of the dollar changes it isnt based on btc if btc is traded for more or less dollars it is a huge deal--- i really hope to hear about it but i have been c-blocked to death, oh well |
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dude shut the fuck up with your emotional outbursts i asked a guy a question and you flipped out and made it last all day, god damn i would have liked to been in 3 or for 4 posts trying to get some input but you took offense when none was made Are you trying to talk to yourself? Have you realized that what you are talking about is what you have done? All we did is make reasonable statements with evidence, and all you did was rage and insult people. Awesome. By the way, the one that has "emotional outbursts" is you, we haven't raged at people, you have. hey, if u did i wasnt talking to you stop being so pathetic you have to call yourself we to make yourself seem more important,,, if u did not i wasnt talkingto you so u dont need to include yourself in the group i was talking to so you can rebut , jesus fucking crist is this the king baby thread about legitimacy this might help ((TotalHashrate/HashratePerUnit)*WattsPerUnit)/1000 ((375500/180)*360)/1000=751 So in a given month thats ((30*24)*751)=540720 I think they said they were in canada: the average electric price in canada (1) for an industrial facility is $.0732/KWh CAD or $.07USD 540720*$.07=$37,850.4 Monthly Power Cost Per GH that's 37850.4/375500=$0.1008 Cost per month. Over 5 years that's $0.1008*(12*5)=$6 So - we can deduce that in order to maintain profit, they'll have to upgrade their hardware after a year assuming they are running S1's. But, customers have paid up front. So they have the capital to get new hardware. Furthermore, since they are charging double the hardware cost, they could buy double the hardware, basically using the customer as a loan for them to build a huge mining farm half of which is mining for them. Power consumption aside - baseline - they are basically doubling their money on hardware. Further profit can be derived from merged mining. Even further profit can be derived from the fact that their fixed payment calculator accounts for avg 10 minute blocks. As difficulty increase approaches blocks are solved faster, and then when difficulty increase arrives they pay out less. They are mining more than they are paying out. Users, like me, are okay with this because of their guaranteed fixed payout rate. At 375TH/s they are making about $4,423.36 per month just in NAMECOIN. There's room for profit. There's a risk in pre-ordering hardware too. I don't know why you put all those calculations, yes he is selling the contracts at more then what it is costing PBmining, it is a business, he is in it to make money, not hand out money, it's not our concern if he is buying double the equipment or if he is mining namecoin as well, we have paid for a contract and that is what PBmining is providing And just based on your previous comments about the US$2.5, we are working in a digital economy and the currency we are using is bitcoin, you need to forget about USD, all calculations about profit need to be based in the underlying currency which is bit coin, if you get paid more bitcoin over the 5 years then you have paid then you are profitable, if you get paid less it is a loss. Lets say you buy 1 Btc worth of contract and in 5 years you have been paid back 0.95 Btc but BTC/USD has doubled it doesn't make it a good investment even though you will have more USD at the end of the day (just an example those numbers were just pulled out of thin air) no,no,nonnononononononono,no u can not have possibly misinterpreted that too you literally restated what i am saying , and re said it as if it was not what i was saying- and tried to defend against what you implied i was saying-- that's it, this is the official pussy thread, cry baby post space - i will take it back if u re-read and realize that what i posted was for those who were claiming it is illegitimate. as for the second part if u dont get the significance then you dont understand the importance of it.. the conversion is how the value of btc is derived it will always be traded against a countries dollar.. lowering hash against the usd leads to profit to a much much lesser extant btc .. and if it didnt matter then pb would break the 2.5 barrier which i was trying to get feedback on and talk about it learn about it and find out for investments sake what it was there for and if it was around the corner or just discuss whatever..like you know, a forum-absolutely nothing personal... but what ever you do , who ever is reading this, this next part is very important , IF u are going to make a personal issue out of this you have misunderstood the point just wait a few days and move the calculator around and you will begin to see my point, hopefuly it will come up and i or we can just find out more about it- is it staying are they maybe even going up? will the readjustment for difficulty reset the 2.5? you know stuff like that- will the readjustment be slightly under? the reason i am not talking btc by per btc profit is because it has nothing to do with my question thats all |
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dude shut the fuck up with your emotional outbursts i asked a guy a question and you flipped out and made it last all day, god damn i would have liked to been in 3 or for 4 posts trying to get some input but you took offense when none was made Are you trying to talk to yourself? Have you realized that what you are talking about is what you have done? All we did is make reasonable statements with evidence, and all you did was rage and insult people. Awesome. By the way, the one that has "emotional outbursts" is you, we haven't raged at people, you have. hey, if u did i wasnt talking to you stop being so pathetic you have to call yourself we to make yourself seem more important,,, if u did not i wasnt talkingto you so u dont need to include yourself in the group i was talking to so you can rebut , jesus fucking crist is this the king baby thread about legitimacy this might help ((TotalHashrate/HashratePerUnit)*WattsPerUnit)/1000 ((375500/180)*360)/1000=751 So in a given month thats ((30*24)*751)=540720 I think they said they were in canada: the average electric price in canada (1) for an industrial facility is $.0732/KWh CAD or $.07USD 540720*$.07=$37,850.4 Monthly Power Cost Per GH that's 37850.4/375500=$0.1008 Cost per month. Over 5 years that's $0.1008*(12*5)=$6 So - we can deduce that in order to maintain profit, they'll have to upgrade their hardware after a year assuming they are running S1's. But, customers have paid up front. So they have the capital to get new hardware. Furthermore, since they are charging double the hardware cost, they could buy double the hardware, basically using the customer as a loan for them to build a huge mining farm half of which is mining for them. Power consumption aside - baseline - they are basically doubling their money on hardware. Further profit can be derived from merged mining. Even further profit can be derived from the fact that their fixed payment calculator accounts for avg 10 minute blocks. As difficulty increase approaches blocks are solved faster, and then when difficulty increase arrives they pay out less. They are mining more than they are paying out. Users, like me, are okay with this because of their guaranteed fixed payout rate. At 375TH/s they are making about $4,423.36 per month just in NAMECOIN. There's room for profit. There's a risk in pre-ordering hardware too. |
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dude shut the fuck up with your emotional outbursts i asked a guy a question and you flipped out and made it last all day, god damn i would have liked to been in 3 or for 4 posts trying to get some input but you took offense when none was made |
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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. ok, it was an exhausting chore to broach this subject, lots of emotion - you have some fans -thanx for the reply |
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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. ok so i will go all the way back to my original question and hopefully it will get answered this time without any audience participation ... will the 2.5usd per gh be part of the next price drop or will price drops jsut be a lower btc per gh but only to maintain the 2.5 usd per gh... please it should have just been answered the first time |
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okay I am at your website .. would order 1 of these and let you host. I don't see a hosting option. and I don't see when you start hashing if I let you host.  dont touch those skype icons on the bottom, that is how you lose your money |
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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? |
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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 |
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I'd like to ask again, if there is clear cut evidence that this is a legit mining operation. Such as showing an address that receives newly generated coins.
I ask because Bit-mining.co disappeared, with everyone's bitcoin, and it isn't all that clear whether pbmining can be trusted.
were they tracked down |
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today, there will be great news for bitconminer.
1, some big money is buying btc in china. yerterday, bought 3000 BTC. maybe breaking usd600 today. 2, we will supply btc miner based on 1usd/ghs, 1.1w/ghs, psu, rpi not include. based on asicminer gen3 chipset. need bulk order: 200K usd at least. well jack perhaps if u could handle a small amount of $ this would have been possible - but u wont get it |
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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? again, stop feeling like its personal or like you're being attacked- if you feel that way then please take into account you are the person i am saying is misunderstanding what i am writting,,,alinutu78... i was hoping to hear back from pb mining about a price drop in usd per gh while avoiding misunderstanding that i am not refering to price drop in btc per gh... does that help.. i have a contract and want more but i want to buy even more but the price drops are still 2.5 usd per gh--- please nobody respond who thinks i am being negative- if u do, again you have misundestood, also could i please get an answer |
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Does anyone receive the small scrypt miner 30 mahz?
many customers did , they just didnt posted nothing received, 15 days from my order, no compensation received. Only promises please contact jack on skype , username altcoin (be careful, there are scammers using altcoin, altcoin. and so on) i have never seen a site that sell high end computer products that cant keep people from being ripped off on there own site. looks like evry few orders is just a sraight up btc grab by lightningasic.com.. use at your own risk The lack of professionalism and organization is what's keeping me from purchasing from them (and GAW). Why do the people who actually have the good miners for sale can't seem to get a good team to do the front end/user support parts? I do not understand this. Actually i'm almost 24/7 online as support, you can find me on skype tech.andy What more can you ask ? PS : rodeoclownicp is a troll that never ordered from us, he just likes to spam with nonsense ya, that isnt believable... i just randomly decided to spam you.... you just troll to steal...... whatever you do dont use the skype they try to get you to skype and then they say that wasnt them on skype... but anyways back to the hardware discusion.. this product is not even profitable anymore ... they mine till there is nothing left to make and then try to pass it off i don't know you work for which competitor. just come here to spam us. prove we cheat you or just shut up. by the way, we shipped out millions usd miners. jack why are you a dick over and over.. you act like we never talked on skype... you changed the icons from 3 to four and you made the middle icon change skype account name.. i suppose you did this so i couldnt make a video of me selecting the skype icon on your website and proving that a new conversation didnt appear, you were so smug about it... you had no desire to make right what happened on your website.. but i could still do the same thing.. i could go on the website and make a video of me hitting your name and then showing that a new convo does not appear. that would then authenticate the fact that you changed the website and then tried to rub it in my face that you would get away with ripping me off. and that would then validate that you changed the website in response to me demanding my btc back due to the incident on your website but hey i am trying to talk about the hardware you keep bringing this up as long as you bring it up i will tell the same facts- (my story has not changed it is in this thread- yours has)you are a theif.. now lets talk about the hardware and troubles with the business that is dealing in this hardware... that is germane to the thread .. risk verse reward of a hardware purchase given the state of affairs seems to be a barrier here, there are people who will claim they have received items but that does not negate the claims of those who have not... i agree with the customer service front person. 1 contact for all with more of a universal system that works with all cultures, also a person of integrity and accountability (of course i would prefer one that would honestly take a look at my saved convos, including the 1 with jack), a person that can establish this as a legitimate enterprise, honoring deals that have been made is what is expected, but making right the situations that were of no fault of the purchaser is how a business proves itself, i appreciate waldohoover broaching this topic. how can it become clear that something has changed and the used car salesman isnt running the show we never talk with you on skype id: lightningasic. that id is not our id. well. i can donate 0.8 btc out. to prove we didn't scam client. volunteer wantted. give me some donate idea. and you should go to follow up the scammer, not us. well you are bringing it up not me i am trying to keep on topic, but since you have i will address- again my story hasnt changed from day 1.. again i have original skype with you showing your arrogance and throwing it in my face that you changed the website and thus have rendered my proof of it imposible,, but if you change your skype all will know, so it seems things have slightly changed- but back to slightly on topic, with the right person monitoring this and if said person were very interested in learning who at the website gave out there own personal wallet this would not have detracted from your business but validated it... now you want somebody to post a charity to give 0.8btc to, that wont make us right... well most will be able to see through that, 1 of your other accounts will give a suggestion and you will get to keep it or somebody un-involved will get what they want... but i notice you did not suggest a fair 3rd party looking at the original skype message the timing of my original posts declaring a rip off. the timing of my contact with you and the fact that the contact with you is true and can not be said otherwise, and your skype context and the timing of the change of the website... again you brought it up... well all that would be more than enough for you to give the 0.8btc back and would certainly be the conclusion of a customer service rep... this rep would bring you business by what good serv reps do, which is be on the customers side- they look at missed dates, no tracking, broken promises, negligence and address it as proxy to management on behalf of the customer,,, if your giving it away - why not give it to me -the exact amount i was ripped off in the first place or others will see it for what it is- a cruel game to the face of the person that was wronged- some people like watching others get wronged i hope your validation does not come from them |
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Does anyone receive the small scrypt miner 30 mahz?
many customers did , they just didnt posted nothing received, 15 days from my order, no compensation received. Only promises please contact jack on skype , username altcoin (be careful, there are scammers using altcoin, altcoin. and so on) i have never seen a site that sell high end computer products that cant keep people from being ripped off on there own site. looks like evry few orders is just a sraight up btc grab by lightningasic.com.. use at your own risk The lack of professionalism and organization is what's keeping me from purchasing from them (and GAW). Why do the people who actually have the good miners for sale can't seem to get a good team to do the front end/user support parts? I do not understand this. Actually i'm almost 24/7 online as support, you can find me on skype tech.andy What more can you ask ? PS : rodeoclownicp is a troll that never ordered from us, he just likes to spam with nonsense ya, that isnt believable... i just randomly decided to spam you.... you just troll to steal...... whatever you do dont use the skype they try to get you to skype and then they say that wasnt them on skype... but anyways back to the hardware discusion.. this product is not even profitable anymore ... they mine till there is nothing left to make and then try to pass it off i don't know you work for which competitor. just come here to spam us. prove we cheat you or just shut up. by the way, we shipped out millions usd miners. jack why are you a dick over and over.. you act like we never talked on skype... you changed the icons from 3 to four and you made the middle icon change skype account name.. i suppose you did this so i couldnt make a video of me selecting the skype icon on your website and proving that a new conversation didnt appear, you were so smug about it... you had no desire to make right what happened on your website.. but i could still do the same thing.. i could go on the website and make a video of me hitting your name and then showing that a new convo does not appear. that would then authenticate the fact that you changed the website and then tried to rub it in my face that you would get away with ripping me off. and that would then validate that you changed the website in response to me demanding my btc back due to the incident on your website but hey i am trying to talk about the hardware you keep bringing this up as long as you bring it up i will tell the same facts- (my story has not changed it is in this thread- yours has)you are a theif.. now lets talk about the hardware and troubles with the business that is dealing in this hardware... that is germane to the thread .. risk verse reward of a hardware purchase given the state of affairs seems to be a barrier here, there are people who will claim they have received items but that does not negate the claims of those who have not... i agree with the customer service front person. 1 contact for all with more of a universal system that works with all cultures, also a person of integrity and accountability (of course i would prefer one that would honestly take a look at my saved convos, including the 1 with jack), a person that can establish this as a legitimate enterprise, honoring deals that have been made is what is expected, but making right the situations that were of no fault of the purchaser is how a business proves itself, i appreciate waldohoover broaching this topic. how can it become clear that something has changed and the used car salesman isnt running the show |
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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
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