I've mentioned it before and I'll mention it again if anyone is interested, but I don't think they're fulfilling the terms of their "contract" anymore. I asked Jason a few months before he ran with investors' money if he could let me know what the terms of their contracts were. Here is the message I received back:
"Contract" is a broad term used in Bitcoin Mining, and is not necessarily
reflective upon a piece of paper that you would normally sign and date. I
can describe your very simple terms to you through e-mail.
1. No refunds on a contract if a payout has already been made.
2. Hash power efficiency will never change from what it is now, even if we
have technical issues. Our insurance covers you so that you will always
receive the proper payments.
3. Contract will end in 5 years after it has been activated.
Let's take a look at number two again:
Hash power efficiency will never change from what it is now, even if we have technical issues. Our insurance covers you so that you will always receive the proper payments.PBMining claimed to be having issues, and started the "recovery program" which did absolutely nothing except buy Boyko some more time before closing up shop on PB. Right now they aren't paying out the proper payments, and they haven't been since a few days before the "recovery program" began. I'm not a lawyer, but I suspect people would have a solid case against Boyko by bringing this point up. If anyone is interested in taking legal action against Jason I can provide you with the full email I received + headers so the integrity of the message can be verified.