PB Mining -- 5 year mining contracts!

[rodeoclownicp]

Rly good post man. And kinda correct. I invested in PB , bought 5ghs with 0.051 btc, its been 3 months now and im almost even.

My experience is similar. Weekly return is about 8-10%. So, your buy is paid for in about 10-12 weeks. The other 4 years and 40 weeks is all profit.

If this wasn't profitable, people wouldn't be buying it. And, buying 30GHS for $76 for 5years at PBMinning is MUCH cheaper than the $299 for 1 year you pay at Cloudhashing.

Based on what I can tell, 1.1 GH/s (which is about 5 mBTC) gives a 9% yield right now per week. Buying into this right now should end up at least breaking even due to the fast rate of return (every 2 weeks it will slow down a bit, but the 5 years should give more than enough time for breaking even and profiting).

just curious how much btc do u thin 1000gh would produce in total years 2-5

[1714284216]

1714284216

[ranlo]

Rly good post man. And kinda correct. I invested in PB , bought 5ghs with 0.051 btc, its been 3 months now and im almost even.

My experience is similar. Weekly return is about 8-10%. So, your buy is paid for in about 10-12 weeks. The other 4 years and 40 weeks is all profit.

If this wasn't profitable, people wouldn't be buying it. And, buying 30GHS for $76 for 5years at PBMinning is MUCH cheaper than the $299 for 1 year you pay at Cloudhashing.

Based on what I can tell, 1.1 GH/s (which is about 5 mBTC) gives a 9% yield right now per week. Buying into this right now should end up at least breaking even due to the fast rate of return (every 2 weeks it will slow down a bit, but the 5 years should give more than enough time for breaking even and profiting).

just curious how much btc do u thin 1000gh would produce in total years 2-5

That's a hard one. There's a calculator online but I always forget the URL. Anyways, someone can probably link it but there's one that will tell you the future years (based on today's progression) and help come up with estimates.

[rodeoclownicp]

Group By:  Difficulty  Day  Week  Month
Date   Difficulty   Revenue   Profit   Return
2014            -4.4
5-29 – 5-31 (3 days)   10455 M   0.1443   0.1429   -4.257
6-1 – 6-30 (33 days)   10455 M   1.193   1.181   -3.076
7-1 – 7-31 (64 days)   14435 M   0.8344   0.8261   -2.25
8-1 – 8-31 (95 days)   23417 M   0.5699   0.5642   -1.686
9-1 – 9-30 (125 days)   32330 M   0.3788   0.375   -1.311
10-1 – 10-31 (156 days)   52448 M   0.2641   0.2614   -1.049
11-1 – 11-30 (186 days)   72411 M   0.1766   0.1749   -0.8744
12-1 – 12-31 (217 days)   99973 M   0.1246   0.1233   -0.7511
2015
1-1 – 1-31 (248 days)   162 G   0.08409   0.08325   -0.6679
2-1 – 2-28 (276 days)   223 G   0.05284   0.05232   -0.6155
3-1 – 3-31 (307 days)   309 G   0.04055   0.04015   -0.5754
4-1 – 4-30 (337 days)   501 G   0.02662   0.02635   -0.549
5-1 – 5-31 (368 days)   692 G   0.01898   0.01879   -0.5303
6-1 – 6-30 (398 days)   955 G   0.01251   0.01239   -0.5179
7-1 – 7-31 (429 days)   1550 G   0.0088   0.008712   -0.5092
8-1 – 8-31 (460 days)   2140 G   0.006041   0.00598   -0.5032
9-1 – 9-30 (490 days)   2955 G   0.003949   0.003909   -0.4993
10-1 – 10-31 (521 days)   4795 G   0.002803   0.002775   -0.4965
11-1 – 11-30 (551 days)   6620 G   0.00187   0.001851   -0.4946
12-1 – 12-31 (582 days)   9139 G   0.0013   0.001287   -0.4934
2016
1-1 – 1-31 (613 days)   14827 G   0.000892   0.0008831   -0.4925
2-1 – 2-29 (642 days)   20470 G   0.0005749   0.0005692   -0.4919
3-1 – 3-31 (673 days)   33208 G   0.0004172   0.000413   -0.4915
4-1 – 4-30 (703 days)   45848 G   0.0002791   0.0002764   -0.4912
5-1 – 5-31 (734 days)   63299 G   0.0001974   0.0001954   -0.491
6-1 – 6-30 (764 days)   102686 G   0.0001296   0.0001283   -0.4909
7-1 – 7-31 (795 days)   141771 G   0.00009236   0.00009144   -0.4908
8-1 – 8-31 (826 days)   195732 G   0.00006236   0.00006174   -0.4907
9-1 – 9-30 (856 days)   317524 G   0.00004125   0.00004083   -0.4907
10-1 – 10-31 (887 days)   438382 G   0.0000294   0.0000291   -0.4907
11-1 – 11-30 (917 days)   605241 G   0.0000192   0.00001901   -0.4906
12-1 – 12-31 (948 days)   981843 G   0.00001363   0.0000135   -0.4906
2017
1-1 – 1-31 (979 days)   1355558 G   0.000009305   0.000009212   -0.4906
2-1 – 2-28 (1007 days)   2199033 G   0.000005758   0.0000057   -0.4906
3-1 – 3-31 (1038 days)   3036040 G   0.000004427   0.000004383   -0.4906
4-1 – 4-30 (1068 days)   4191633 G   0.000002955   0.000002925   -0.4906
5-1 – 5-31 (1099 days)   5787073 G   0.00000206   0.000002039   -0.4906
6-1 – 6-30 (1129 days)   9387989 G   0.000001373   0.000001359   -0.4906
7-1 – 7-31 (1160 days)   12961293 G   9.74e-7   9.642e-7   -0.4906
8-1 – 8-31 (1191 days)   21026255 G   6.545e-7   6.479e-7   -0.4906

this 1% fee to compensate the 1% off returns with 17.5 increases starting with 4.4 bitcoins for 1000gh

[rodeoclownicp]

https://bitcoinwisdom.com/bitcoin/calculator

[ranlo]

https://bitcoinwisdom.com/bitcoin/calculator

Hmm, there was one of these that has a black theme to it. I was under the impression it was the most accurate. Can anyone verify (based on the past) how accurate BCW has been?

[rodeoclownicp]

returns are down 1 magnitude after 1 month

u dont make 0.2btc in all of 2016 there is no way he mines for that just use btc in to pay btc out- u only got to mine for first gen - not saying its dishonest - its not (so slow your roll) ... it always looks like this when u go btc to btc its in the usd to btc where the numbers can be made up- hence the 2.5 usd per gh... but it also needs to dive by 17.5 percent to stay above board.. pb doesnt need to ponz,, just have legit mining power to mine for the first 8 months of a persons contract ...1 btc will cover every bodies take the last year of the contracts.. i still bought knowing this for a reason so relax if your new or worried after reading this other factors are on our side but this whole thing would work just fine with a handful of machines but .000003 will never add up

[rodeoclownicp]

https://bitcoinwisdom.com/bitcoin/calculator

Hmm, there was one of these that has a black theme to it. I was under the impression it was the most accurate. Can anyone verify (based on the past) how accurate BCW has been?

pick a random member and back date it to current date till u get damn close to what that member has to date

[rodeoclownicp]

but it is definately 2 magnitudes per 12.5 months so you dont even need real numbers. just know about every six months from hear out scootch it back a decimal place.. use the highest number u want like a 9 wont make much diif

[ranlo]

but it is definately 2 magnitudes per 12.5 months so you dont even need real numbers. just know about every six months from hear out scootch it back a decimal place.. use the highest number u want like a 9 wont make much diif

At some point the difficulty has to start slowing down though. This all assumes it's rising at a constant rate, which it likely won't be (whether it be due to the hardware no longer being as profitable or awaiting new technology advances).

[rodeoclownicp]

but it is definately 2 magnitudes per 12.5 months so you dont even need real numbers. just know about every six months from hear out scootch it back a decimal place.. use the highest number u want like a 9 wont make much diif

At some point the difficulty has to start slowing down though. This all assumes it's rising at a constant rate, which it likely won't be (whether it be due to the hardware no longer being as profitable or awaiting new technology advances).

good point- but it looks like there is a legitamite 5.4 th machine that will go for 5400usd on the horizon, thats 1usd per gh ...with elecctric its still a great deal .. that will take care of difficulty increases slowing down... dragons are already at 2000.... and nobody is turning them off on the plus side of electric, dificulty is going up, throw in corporate mining and/or people paying comercial electric prices ... i want to change the convo from "btc in to btc profit" to "dollar in btc out"---slowly its happening, i think, but it is an uphill battle... pb will still make a truck load of money if its lowered to1.5 usd per gh and the btc out is based on the market.. this will allow speculation and profit on both ends for time to come ... but pb is right about saying he wont lower the price if it is still selling... people use a 1 term calculation and think they can profit... look at the long term.. reinvesting now when btc is worth so much is absurd... getting a lower buy price in usd would make speculating the market the priority

[ranlo]

but it is definately 2 magnitudes per 12.5 months so you dont even need real numbers. just know about every six months from hear out scootch it back a decimal place.. use the highest number u want like a 9 wont make much diif

At some point the difficulty has to start slowing down though. This all assumes it's rising at a constant rate, which it likely won't be (whether it be due to the hardware no longer being as profitable or awaiting new technology advances).

good point- but it looks like there is a legitamite 5.4 th machine that will go for 5400usd on the horizon, thats 1usd per gh ...with elecctric its still a great deal .. that will take care of difficulty increases slowing down... dragons are already at 2000.... and nobody is turning them off on the plus side of electric, dificulty is going up, throw in corporate mining and/or people paying comercial electric prices ... i want to change the convo from "btc in to btc profit" to "dollar in btc out"---slowly its happening, i think, but it is an uphill battle... pb will still make a truck load of money if its lowered to1.5 usd per gh and the btc out is based on the market.. this will allow speculation and profit on both ends for time to come ... but pb is right about saying he wont lower the price if it is still selling... people use a 1 term calculation and think they can profit... look at the long term.. reinvesting now when btc is worth so much is absurd... getting a lower buy price in usd would make speculating the market the priority

When you deal with mining, you HAVE to use BTC->BTC though. Otherwise you're missing out on a LOT.

You spend $500 today on mining equipment (at $500/BTC). That's 1 BTC worth.
Over the lifetime of the equipment you mine 0.5 BTC but it's now worth $10k. You've made $4500 ($5000-500).
You could have bought a full Bitcoin instead and you'd have 1 BTC or a profit of $9500. You actually LOST $5000 by mining.

This is why it's important to always look at BTC->BTC.

[rodeoclownicp]

but it is definately 2 magnitudes per 12.5 months so you dont even need real numbers. just know about every six months from hear out scootch it back a decimal place.. use the highest number u want like a 9 wont make much diif

At some point the difficulty has to start slowing down though. This all assumes it's rising at a constant rate, which it likely won't be (whether it be due to the hardware no longer being as profitable or awaiting new technology advances).

good point- but it looks like there is a legitamite 5.4 th machine that will go for 5400usd on the horizon, thats 1usd per gh ...with elecctric its still a great deal .. that will take care of difficulty increases slowing down... dragons are already at 2000.... and nobody is turning them off on the plus side of electric, dificulty is going up, throw in corporate mining and/or people paying comercial electric prices ... i want to change the convo from "btc in to btc profit" to "dollar in btc out"---slowly its happening, i think, but it is an uphill battle... pb will still make a truck load of money if its lowered to1.5 usd per gh and the btc out is based on the market.. this will allow speculation and profit on both ends for time to come ... but pb is right about saying he wont lower the price if it is still selling... people use a 1 term calculation and think they can profit... look at the long term.. reinvesting now when btc is worth so much is absurd... getting a lower buy price in usd would make speculating the market the priority

When you deal with mining, you HAVE to use BTC->BTC though. Otherwise you're missing out on a LOT.

You spend $500 today on mining equipment (at $500/BTC). That's 1 BTC worth.
Over the lifetime of the equipment you mine 0.5 BTC but it's now worth $10k. You've made $4500 ($5000-500).
You could have bought a full Bitcoin instead and you'd have 1 BTC or a profit of $9500. You actually LOST $5000 by mining.

This is why it's important to always look at BTC->BTC.

not sure what that means.. i can tell you were trying to make a point but it didnt come out, at least for me.. also not saying dont look at btc out... just use a calculator that i posted to make your point.. then post the results.. but to do so set the dificulty at 17 or higher ..there is also a setting for the cost of your miner and usd to btc conversion

[syncsam]

He's saying to ignore the BTC/USD exchange rate when buying contracts, think in terms of BTC only and how much BTC you will make profit from mining

Ignore USD when deciding whether buying contracts on PB

USD only comes in when you are comparing the contract price at PB v somewhere else/mining equipment

[n2004al]

He's saying to ignore the BTC/USD exchange rate when buying contracts, think in terms of BTC only and how much BTC you will make profit from mining

Ignore USD when deciding whether buying contracts on PB

USD only comes in when you are comparing the contract price at PB v somewhere else

That's right. You are investing in the economy of bitcoin and not in the economy of US dollar. You must aim the earnings in bitcoins and not in US dollar. If the dollar increase (and you will have earnings in bitcoin) you will have earnings in US dollar too. If not you will have earnings only in bitcoin. With the hope that someday bitcoin will have better value with US dollar.

[syncsam]

or said another way USD is irrelevant when working out profit from mining @PBmining

if you are so focused on  the BTC/USD going up,  you should buy and hold not mine  

thats all I'm going to say on this topic

[syncsam]

Alright just one more hopefully this will work

You were talking yesterday about supply and demand, If the price of bitcoin goes PBmining will seem unattractive compared to buying mining equipment elsewhere and so ppl will stop buying from him. No demand but lots of supply, PB won't care because the equipment is mining for him, so he is making money and the higher bitcoin prices the more value he has

but at the same time people will be buying the mining equipment because it looks cheap compared to what they could make mining.  What happens is supply dries up as demand increases.  All the manufacturers will recognise this and put up their prices to a point that they think the market will still buy their equipment.  Which will probably be around the same mining equipment/PB contracts ratio it is at now

At this point PB prices will look attractive, driving demand up, meaning more people will buy again

 

[oztusk]

5.7 terra hash delivered in september when it mines .37 of what it does today.

at $5000+ an obvious loss

[spoondoolies]

[Steiny217]

5.7 terra hash delivered in september when it mines .37 of what it does today.

at $5000+ an obvious loss

[spoondoolies]

I just love the name, spoondoolies, lol

[oztusk]

there is some slang derivation of the term.. forget what,... google it

[MICRO]

ONE of my favorite things to do is get home and check how my balance has grown-- very fun

I actually agree with you there!    You got enough posts now you should look into setting up your signature block with your referral link and hopefully someone will help ya grow.  Incase you don't know you get 10% of your referrals!  I've been lucky enough to get 1 so far and they bought 180GH/s so that gave me a nice 18Gh/s for FREEEEEEEEEEEEEEE.  lol

Haha... I almost never login , i just wait to see how much i get every week.