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CLOUDMINING.GURU
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April 23, 2014, 09:35:11 AM |
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I also just signed up for the service.How long does it take for them to activate?
up to 12 hours, but most of the time really fast (1-2 hours). |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Biomech
Legendary
 Offline
Activity: 1372
Merit: 1022
Anarchy is not chaos.
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April 23, 2014, 09:49:37 AM |
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I also just signed up for the service.How long does it take for them to activate?
A few minutes usually. They say up to 12 hours. I don't know how automated it is  |
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ahmedjadoon
Legendary
Offline
Activity: 1414
Merit: 1000
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April 23, 2014, 12:38:21 PM |
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They price is really reasonable but only downside we can't trade it back for Bitcoin.
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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April 23, 2014, 02:25:13 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
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jimmyl
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April 23, 2014, 02:32:04 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
There is no charity in this forum. It's profit and more profit..more than 10% for this operator at least.  |
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poelling92
Legendary
Offline
Activity: 994
Merit: 1002
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April 23, 2014, 02:42:41 PM |
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I was wondering if anybody has received his easter giveaway/win yet?
Original thread is already locked, so I can't find any feedback
I emailed the info 2 days ago and still waiting for the 20GH/s easter giveaway/win . Should I resend, or it takes so long and everybody has to wait 2+ days ? |
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rainfall
Newbie
Offline
Activity: 5
Merit: 0
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April 23, 2014, 02:43:34 PM |
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Just signed up with them.
I made an excess payment by mistake. Emailed them, no reply....
BUT, they automatically created an extra contract for the excess payment.
Hope they are real...
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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April 23, 2014, 02:51:25 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
There is no charity in this forum. It's profit and more profit..more than 10% for this operator at least. I didn't suggest there was any charity. But, I'm curious of the business model. Especially since there is no on going cost to maintain these contracts for the "investor". Yet for the miner there is. Sure, they deduct that from your payout. Also, if the miner is bullish on the price of Bitcoin, he might make more holding the mined coins. I assume mining is still profitable at this point, or people wouldn't be doing it? |
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MICRO
Legendary
Offline
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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April 23, 2014, 02:52:12 PM |
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I was wondering if anybody has received his easter giveaway/win yet?
Original thread is already locked, so I can't find any feedback
I've received 20 GHS giveaway yesterday waiting another great giveaway from pbmining  Ahhh i was so close to win that . |
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PBmining (OP)
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April 23, 2014, 02:57:40 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
There is no charity in this forum. It's profit and more profit..more than 10% for this operator at least. I didn't suggest there was any charity. But, I'm curious of the business model. Especially since there is no on going cost to maintain these contracts for the "investor". Yet for the miner there is. Sure, they deduct that from your payout. Also, if the miner is bullish on the price of Bitcoin, he might make more holding the mined coins. I assume mining is still profitable at this point, or people wouldn't be doing it? The power costs are already built into the price. We do not deduct anything from the payouts. We simply buy hardware for X and sell it for X + costs + profit margin. We are aware of the costs and price the hash power accordingly. If we only mined for ourselves, we would have never expanded this far in such a short amount of time. |
Did you know?: Most of our hash power comes from other sources. We are now specialized in the resale of cloudmining contracts through our associates!
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PBmining (OP)
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April 23, 2014, 02:58:47 PM |
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I was wondering if anybody has received his easter giveaway/win yet?
Original thread is already locked, so I can't find any feedback
I emailed the info 2 days ago and still waiting for the 20GH/s easter giveaway/win . Should I resend, or it takes so long and everybody has to wait 2+ days ? There is a chance we missed you. I will look for your PM again. |
Did you know?: Most of our hash power comes from other sources. We are now specialized in the resale of cloudmining contracts through our associates!
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niktitan132
Legendary
Offline
Activity: 1036
Merit: 1000
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April 23, 2014, 03:02:15 PM |
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I was wondering if anybody has received his easter giveaway/win yet?
Original thread is already locked, so I can't find any feedback
I've received 20 GHS giveaway yesterday waiting another great giveaway from pbmining Ahhh i was so close to win that . I received the 20Ghs,too.  MICRO,više sreće drugi puta.  |
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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April 23, 2014, 03:03:45 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
There is no charity in this forum. It's profit and more profit..more than 10% for this operator at least. I didn't suggest there was any charity. But, I'm curious of the business model. Especially since there is no on going cost to maintain these contracts for the "investor". Yet for the miner there is. Sure, they deduct that from your payout. Also, if the miner is bullish on the price of Bitcoin, he might make more holding the mined coins. I assume mining is still profitable at this point, or people wouldn't be doing it? The power costs are already built into the price. We do not deduct anything from the payouts. We simply buy hardware for X and sell it for X + costs + profit margin. We are aware of the costs and price the hash power accordingly. If we only mined for ourselves, we would have never expanded this far in such a short amount of time. Thanks for the information. I will consider your service... it does look interesting. |
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SlientBit
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April 23, 2014, 03:29:29 PM |
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Can someone explain why a miner would sell these bitcoin contracts rather than just keep all the mined coin? It seems if I spend tons of cash setting up mining rigs, that I would keep all the mined bit coin? Or are they selling the capacity for more than it costs them?
Ah, the delicate balanced between: excess capacity versus costs + having our BTC upfront and available allows to buy hw now and pay for it later + continual growing diff is a bitch + if price goes down we're doomed Just like banks do with your savings accounts: you get interest while the money is there, but they use the actual currency for investments and business. Mind the difference, however: PBmining is not returning your BTC in the end, this is not a deposit. But then again, the interest rates are insane when compared to fiat and banks (naturally, because taking higher risks implies getting higher payouts). Do the following exercise: find a regular fiat currency financial product that allows for 8/12 months break-even + 4 more years interest without further involvement. If you do, hush and don't tell, LOL if BTC prices were stable like fiat, this would be afukinmazing and probably almost impossible to have available Uncertainty rules! |
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G K G
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April 23, 2014, 03:58:59 PM |
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@PBmining
I also didn't receive my easter giveaway though i've sent my details via PM earlier. I'v PMed you again now, so pls check your PM.
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PBmining (OP)
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April 23, 2014, 04:06:43 PM |
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@PBmining
I also didn't receive my easter giveaway though i've sent my details via PM earlier. I'v PMed you again now, so pls check your PM.
Sorry for the delay. I have added your contract. Congratulations! |
Did you know?: Most of our hash power comes from other sources. We are now specialized in the resale of cloudmining contracts through our associates!
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G K G
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April 23, 2014, 04:27:28 PM |
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@PBmining
I also didn't receive my easter giveaway though i've sent my details via PM earlier. I'v PMed you again now, so pls check your PM.
Sorry for the delay. I have added your contract. Congratulations! thank you |
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PBmining (OP)
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April 23, 2014, 04:50:33 PM |
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It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know. I simply told him that we can't stop anyone from selling their own accounts/passwords. It's a free market. Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes. For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out. These deals are done at their own risk. From our perspective, the seller would simply ask to change the payout address, which is something we do every day. Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages. We will require the signed message and only then will be make any changes to the account. If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address. |
Did you know?: Most of our hash power comes from other sources. We are now specialized in the resale of cloudmining contracts through our associates!
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raskul
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April 23, 2014, 04:53:43 PM |
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It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know. I simply told him that we can't stop anyone from selling their own accounts/passwords. It's a free market. Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes. For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out. These deals are done at their own risk. From our perspective, the seller would simply ask to change the payout address, which is something we do every day. Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages. We will require the signed message and only then will be make any changes to the account. If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address. so - hypothetically speaking - say for example, someone wanted to sell me all their hashpower, and move it from their account to my (already set up) account, would you accommodate this, for a small admin fee, perhaps? |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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