PB Mining -- 5 year mining contracts!

[byt411]

Difficulty is impossible to predict.  Either outcome is possible. 

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

[botolo86]

Difficulty is impossible to predict.  Either outcome is possible. 

This is true and I agree with you but we also see past difficulty increase and we can gauge the future value. Please do not misunderstand me, I love PBMining and I think the service it provides is great. I am just wondering whether people buy GHS hoping that difficulty will be lower than 18% (which would allow break even after 230 days) or if I am just missing something. The average difficulty increase from June 2013 has been 25.14%  

[botolo86]

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

This question has been answered thousands of times in this thread. PBMining does not disclose this information and we are not here to question this. I am just talking about difficulty increase and strategies of our fellow piggies.

[MICRO]

Difficulty is impossible to predict.  Either outcome is possible.  

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

Why? U think this is ponzi ? That was my thought to. Since we can't see what specific blocks "we" mined or anything.

[jamieb81]

Difficulty is impossible to predict.  Either outcome is possible. 

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

that question has been answered many times.


here look this is my rig, do you believe me?

[btcminer84]

botolo86, you got it. 25.xx% is the difficulty increase every 2 weeks.
Refer to my ROI calculation in https://bitcointalk.org/index.php?topic=418183.msg6101802#msg6101802

[MICRO]

Difficulty is impossible to predict.  Either outcome is possible.  

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

that question has been answered many times.


here look this is my rig, do you believe me?

Hah, good point maybe with PBmining written at it Hahah ?

[botolo86]

that question has been answered many times.


here look this is my rig, do you believe me?

Good answer!  
Guys it's clear that PBMining is similar to a consortium. You give them BTC and they buy ASIC of any kind they want at any price they want. They guarantee your fixed return, according to the usual profitability calculators and that's what you get. This is far from being a ponzi.

Anyhow, as jamieb81 has already said, this question has been asked thousands of times before. Just go back and read the messages.

[btcminer84]

here look this is my rig, do you believe me? ...

No.

[MICRO]

But it would be perfect setup for a ponzi. They doing so small and slow ROI , and in the mean while people buying more and more. They don't even need to bother buying ASIC . Just saying. I don't think they are actually doing ponzi .

[btcminer84]

It is cheaper for PBMining to buy BTC for you and calculate the current BTC-Payout/1GHs per week for you instead of buying Asic crap. Plus: They don't have any kind of power energy or any other costs. This is the trick. Refer to my calculation, to see the truth about PBMining: https://bitcointalk.org/index.php?topic=418183.msg6101802#msg6101802

[locopao]

ok, this is getting very interesting now

if i get it right, the only way to make it even or mybe have some profit is to get as many referrals as you can.

There is no other way. Am i right?

[btcminer84]

The more BTC you buy, the more profit you get. If you buy GH/s via PBMining (or even stupider CEX) you will just lose a part of your money. There is no ROI possible. ROI? You will never reach it. That's it.

Example:

Month         Payout/Weekly per 10 GH/s (fictional 25% Difficulty+ each 2nd week)
Feb 14      0,00575246 BTC
Feb 14      0,00460197 BTC
Feb 14      0,00460197 BTC
Feb 14      0,00368157 BTC
Mrz 14      0,00368157 BTC
Mrz 14      0,00294526 BTC
Mrz 14      0,00294526 BTC
Mrz 14      0,00235621 BTC
Apr 14      0,00235621 BTC
Apr 14      0,00188497 BTC
Apr 14      0,00188497 BTC
Apr 14      0,00150797 BTC
Mai 14      0,00150797 BTC
Mai 14      0,00120638 BTC
Mai 14      0,00120638 BTC
Mai 14      0,00096510 BTC
Jun 14      0,00096510 BTC
Jun 14      0,00077208 BTC
Jun 14      0,00077208 BTC
Jun 14      0,00061767 BTC
Jul 14         0,00061767 BTC
Jul 14         0,00049413 BTC
Jul 14         0,00049413 BTC
Jul 14         0,00039531 BTC
Aug 14      0,00039531 BTC
Aug 14      0,00031624 BTC
Aug 14      0,00031624 BTC
Aug 14      0,00025300 BTC
Sep 14      0,00025300 BTC
Sep 14      0,00020240 BTC
Sep 14      0,00020240 BTC
Sep 14      0,00016192 BTC
Okt 14      0,00016192 BTC
Okt 14      0,00012953 BTC
Okt 14      0,00012953 BTC
Okt 14      0,00010363 BTC
Nov 14      0,00010363 BTC
Nov 14      0,00008290 BTC
Nov 14      0,00008290 BTC
Nov 14      0,00006632 BTC
Dez 14      0,00006632 BTC
Dez 14      0,00005306 BTC
Dez 14      0,00005306 BTC
Dez 14      0,00004245 BTC
Jan 15      0,00004245 BTC
Jan 15      0,00003396 BTC
Jan 15      0,00003396 BTC
Jan 15      0,00002717 BTC
Feb 15      0,00002717 BTC
Feb 15      0,00002173 BTC
Feb 15      0,00002173 BTC
Feb 15      0,00001739 BTC
Mrz 15      0,00001739 BTC
Mrz 15      0,00001391 BTC
Mrz 15      0,00001391 BTC
Mrz 15      0,00001113 BTC
Apr 15      0,00001113 BTC
Apr 15      0,00000890 BTC
Apr 15      0,00000890 BTC
Apr 15      0,00000712 BTC
Mai 15      0,00000712 BTC
Mai 15      0,00000570 BTC
Mai 15      0,00000570 BTC
Mai 15      0,00000456 BTC
Jun 15      0,00000456 BTC
Jun 15      0,00000365 BTC
Jun 15      0,00000365 BTC
Jun 15      0,00000292 BTC
Jul 15         0,00000292 BTC
Jul 15         0,00000233 BTC
Jul 15         0,00000233 BTC
Jul 15         0,00000187 BTC
Aug 15      0,00000187 BTC
Aug 15      0,00000149 BTC
Aug 15      0,00000149 BTC
Aug 15      0,00000119 BTC
Sep 15      0,00000119 BTC
Sep 15      0,00000096 BTC
Sep 15      0,00000096 BTC
Sep 15      0,00000076 BTC
Okt 15      0,00000076 BTC
Okt 15      0,00000061 BTC
Okt 15      0,00000061 BTC
Okt 15      0,00000049 BTC
Nov 15      0,00000049 BTC
Nov 15      0,00000039 BTC
Nov 15      0,00000039 BTC
Nov 15      0,00000031 BTC
Dez 15      0,00000031 BTC
Dez 15      0,00000025 BTC
Dez 15      0,00000025 BTC
Dez 15      0,00000020 BTC
Jan 16      0,00000020 BTC
Jan 16      0,00000016 BTC
Jan 16      0,00000016 BTC
Jan 16      0,00000013 BTC
Feb 16      0,00000013 BTC
Feb 16      0,00000010 BTC
Feb 16      0,00000010 BTC
Feb 16      0,00000008 BTC
Mrz 16      0,00000008 BTC
Mrz 16      0,00000007 BTC
Mrz 16      0,00000007 BTC
Mrz 16      0,00000005 BTC
Total   0,05177167 BTC

This is a lost of EUR 4,00€ per 10 GH/s contract !!!

Or in BTC: You will lose 0,0012228 BTC per GH/s contract!

[locopao]

ok, but there is one factor that can reverse anything:

the BTC price itself

What will happen if you don't buy any more GH and price will rise up to let's say $1000 or more?

(i am not talking about the price goes down to $1  )

[botolo86]

ok, but there is one factor that can reverse anything:

the BTC price itself

What will happen if you don't buy any more GH and price will rise up to let's say $1000 or more?

(i am not talking about the price goes down to $1  )

This does not work because we are talking about two options:

• should I buy X BTC today and keep them or
• should I buy X BTC today and invest them in GHS?

If you choose the second option and you end up with less BTC than option one, you are loosing money and USD/BTC does not have any effect.

[Steiny217]

Well, everyone jump on the hater wagon now..........  If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple!  Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is.  I've made really good money mining and believe in PBmining!

[btcminer84]

I think, PBMining is doing Mt.Gox, if the price increase so rapidly. Otherwise they increase the price per GH/s to "fix this issue"  
Am sure, PBMining is just Fake Mining, even if they pay out constantly. But think of it: You will never get a ROI.

[botolo86]

Well, everyone jump on the hater wagon now..........  If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple!  Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is.  I've made really good money mining and believe in PBmining!

Your answer is legitimate and I don't want to create a flame reply. I am very interested in PBMining, I already have 53 GHS with them (you can check on the global stats) and I was thinking about buying more GHS. The first purchase was a impulse purchase, I did not think about it a lot. Now I wanted to invest a little bit more and I was doing some calculations and I wanted to get the feedback of other piggies who have invested a lot.

My question was: am I correct when I say that with the current PBMining price you will never ROI or am I missing something? In the first case, why people has massively invested in PBMining? Bad calculations or anything else?

Thanks!

[btcminer84]

If PBMining really is having real hardware, why they reduce the pricing per GH/s? This is impossible (power and other costs). They just keep your BTC and your ROI is a LOST of actually 0,0012228 BTC per GH/s.

[Steiny217]

Well, everyone jump on the hater wagon now..........  If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple!  Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is.  I've made really good money mining and believe in PBmining!

Your answer is legitimate and I don't want to create a flame reply. I am very interested in PBMining, I already have 53 GHS with them (you can check on the global stats) and I was thinking about buying more GHS. The first purchase was a impulse purchase, I did not think about it a lot. Now I wanted to invest a little bit more and I was doing some calculations and I wanted to get the feedback of other piggies who have invested a lot.

My question was: am I correct when I say that with the current PBMining price you will never ROI or am I missing something? In the first case, why people has massively invested in PBMining? Bad calculations or anything else?

Thanks!

Botolo86, my comment wasn't directed at you.  I'm gonna shoot ya a pm and tell you my opinions.  will 53GH/s ever pay off maybe maybe not no one knows.  buying and holding is the best option but it's boring. lol