PB Mining -- 5 year mining contracts!

[Biomech]

I think buying and holding is a good thing to do, however I don't believe that buying contracts with PB can't be both fun and profitable. I started small back on April 6, buying small amounts 25 or 30 and as weeks went on buying larger amounts 50 and a hundred and then eventually contracts of hundreds. I now own 2,000 GHS and plan on increasing more soon. The way this works out is after 22 weeks the first contracts I bought in April will have paid me back what I have paid for them. This includes all the difficulty increases as well as near future difficulty increases. I'm having a lot of fun, I am being paid more than a third of a bitcoin per week. The past eight weeks I have averaged a payment each Sunday of about $230.00 dollars. So when I read some of the post in here saying don't invest in this because you will never get your money back.
Simple math shows me that if you wait 22 weeks, you will receive back what you have paid in, worse case possible, lets say it took 26 weeks which is exactly half a year. Then even with a miserable difficulty I will still be receiving a payment each week. It may be smaller but then again bitcoin might also be much more valuable than it is right now. using my math, I am willing to bet that all of the people who bought back in March are now seeing break even on what they paid for those contracts. Another aspect of this for me is, I bought much of the bitcoin that I purchased these contracts with when it was in the 400 dollar price range, and now it's paying me back when bitcoin is in the 600 dollar range. That's my take on this, sorry it so long. 

What you said. Even without referrals, which is the bulk of my holdings, I broke even on my investment long ago. And I bought when bitcoin was rising 25-30 percent in difficulty per adjustment, and at a much higher price.

pbmining has done quite well by me, and if it were a ponzi as so many keep suggesting or implying, it would surely have gone bust by now.

This little piggy is happy with his investment.

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[rodeoclownicp]

i just saw a payment come in and i thought i better be the first but then i realized it wasnt the correct day just my wallet always does it when i turn it on lol.

[Anddos]

Look  at the global stats, those guys with 30+TH are making 5 or 6 Bitcoins aweek,just wonder how much they put in to start with 3 months ago

[testerman]

Look  at the global stats, those guys with 30+TH are making 5 or 6 Bitcoins aweek,just wonder how much they put in to start with 3 months ago

the more you invest, the more you gain rewards, that is the idea..

[Mike18feb]

Well, having a double figure load of TH/s will give rewards for up to two years. 5 years... currently needs like triple figure TH/s?! I haven't looked at that. Looked at 20 or or 40TH/s? I had a memory once...
But anyway, the long periods are nice, but basically two years as a max is interesting even for very large amounts of hashrate. But maybe PBM wants to be ready for the 1st 100TH/s account. It won't be me, though I refer any such person gladly and with style.

[Fair and Peace]

Can someone tell my why profit day by day going low ?
 
but still pay.

[rodeoclownicp]

pizzzzzzzzzzzzaid

actually it shows on website but it has not showed up in the wallet if we are being honest here

[PBmining]

pizzzzzzzzzzzzaid

actually it shows on website but it has not showed up in the wallet if we are being honest here

Should be in the next block.  Any minute now..

[Biomech]

Ya got me rodeoclown

Paid, and in my wallet.

[Biomech]

Can someone tell my why profit day by day going low ?
 
but still pay.

https://bitcoinwisdom.com/bitcoin/difficulty

[Fair and Peace]

Can someone tell my why profit day by day going low ?
 
but still pay.

https://bitcoinwisdom.com/bitcoin/difficulty

difficult always increase possible they to decreasee or less than before ?

[Biomech]

Can someone tell my why profit day by day going low ?
 
but still pay.

https://bitcoinwisdom.com/bitcoin/difficulty

difficult always increase possible they to decreasee or less than before ?

I'm not sure I understand the question, but I think you're asking if it's possible for difficulty to decrease?

if so, the answer is yes, it's possible, and in time it's likely to happen, or at least level off. We're at the first major pause in a major technological arms race. It has slowed down considerably.

Technically speaking (well, referencing anyway), the network adjusts difficulty to maintain an average of ten minutes between blocks. If the hashpower goes down somewhat during the 2016 blocks between adjustments, then it will drop to make the times work out. I don't believe this has ever happened, definitely not in the two + years I've been involved in BTC. But it is technically possible, and as the diff rises, there will probably come a point where a bunch of older mining equipment is taken off line due to being too expensive to operate. During that period, it will probably drop a small amount or remain level. We've already seen a couple of difficulty adjustments under ten percent rise.

But there is also ongoing technological development, and many of us working to bring bitcoin and other cryptos to the mainstream, so don't expect it to decrease any time soon. I have used 15% per period as my middle case calculation for some time. It's never been accurate, but it has been close to the mean for some time.

[Mike18feb]

Difficulty is already leveling off. Last year we saw insane inceases. Didn't we see a 100% increase in October? The beginning of this year was already quite a bit lower, and the last two months is again much lower. I was already using an average 15% to calculate future earnings, but even that needs some tuning now.
Decreases will happen when a lot of old miners drop out and not many new ones enter the arena. Not likely, but also not impossible.

But, technology doesn't rest. It's likely someone sooner or later will develop a new chip that's capable of much more. Development of current chips nad miners is also taking us further. I think new machines will go in two directions. One very high powered,very power hungry (though not per GHs perhaps) and very expensive machines for professionals. The other much more like the Antminer S3, very power efficient but low GHs machines for decent prices that home miners will use. Those will be the money makers for the hardware manufacturers. Anything in between will simply sell less.
But all that, in turn, can be changed by Bitcoin value rising beyond $1000 again

[jseppeli]

Difficulty is already leveling off. Last year we saw insane inceases. Didn't we see a 100% increase in October? The beginning of this year was already quite a bit lower, and the last two months is again much lower. I was already using an average 15% to calculate future earnings, but even that needs some tuning now.
Decreases will happen when a lot of old miners drop out and not many new ones enter the arena. Not likely, but also not impossible.

But, technology doesn't rest. It's likely someone sooner or later will develop a new chip that's capable of much more. Development of current chips nad miners is also taking us further. I think new machines will go in two directions. One very high powered,very power hungry (though not per GHs perhaps) and very expensive machines for professionals. The other much more like the Antminer S3, very power efficient but low GHs machines for decent prices that home miners will use. Those will be the money makers for the hardware manufacturers. Anything in between will simply sell less.
But all that, in turn, can be changed by Bitcoin value rising beyond $1000 again

I believe Jun 29 2014 increase was the biggest we are going to see now for quite a long time and maybe we won't have a bigger increase that that anymore. It was a huge 24.93% increase. It is quite hard to get that kind of increases anymore. It would need several manufacturers shipping of pre-orders at the same time.

Last october there was a diff increase of 46.02%
https://bitcoinwisdom.com/bitcoin/difficulty has a good increase history on the bottom of the page.

[Mike18feb]

Ah, yes, you are right. I have the entire month of October in my head as exceptional. But it wasn't a single difficulty adjustment that caused the (well over) 100% increase.

[Rocket Launcher]

Can someone tell my why profit day by day going low ?
 
but still pay.

https://bitcoinwisdom.com/bitcoin/difficulty

difficult always increase possible they to decreasee or less than before ?

I'm not sure I understand the question, but I think you're asking if it's possible for difficulty to decrease?

if so, the answer is yes, it's possible, and in time it's likely to happen, or at least level off. We're at the first major pause in a major technological arms race. It has slowed down considerably.

Technically speaking (well, referencing anyway), the network adjusts difficulty to maintain an average of ten minutes between blocks. If the hashpower goes down somewhat during the 2016 blocks between adjustments, then it will drop to make the times work out. I don't believe this has ever happened, definitely not in the two + years I've been involved in BTC. But it is technically possible, and as the diff rises, there will probably come a point where a bunch of older mining equipment is taken off line due to being too expensive to operate. During that period, it will probably drop a small amount or remain level. We've already seen a couple of difficulty adjustments under ten percent rise.

But there is also ongoing technological development, and many of us working to bring bitcoin and other cryptos to the mainstream, so don't expect it to decrease any time soon. I have used 15% per period as my middle case calculation for some time. It's never been accurate, but it has been close to the mean for some time.

thanks agree with this what we se not always true . different like in predict right .
+1111

[wantaduff]

Hi Guys,

does anyone know if PBMining is planning to use mining power to mine other currencys like Peercoin and so on?
I think it would be very nice to decide for yourself what you want to mine.

Thanks in advance!

WantaDuff

[rodeoclownicp]

Hi Guys,

does anyone know if PBMining is planning to use mining power to mine other currencys like Peercoin and so on?
I think it would be very nice to decide for yourself what you want to mine.

Thanks in advance!

WantaDuff

i visit this thread regularly and i can say that is not going to happen

[PBmining]

When we get asked this it usually feels like somebody trying to pump a coin. 
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing.  It seems that most altcoins are pump and dump schemes, are they not?

[PilotofBTC]

When we get asked this it usually feels like somebody trying to pump a coin. 
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing.  It seems that most altcoins are pump and dump schemes, are they not?

I think many are. But not all. Most that aren't are actually PoS coins. So, you can't mine those.

Via and dare I say Doge (with digibyte) aren't really pump and dump. But, I'm not sure how profitable mining Doge is given the small price, although you do get 62,500 coins per block at this point.

Via is the opposite. It has a great value, like 40k sat right now after an IPO price of 6k sat a few weeks ago, but the block reward is 5 Via (every 24 seconds) at this point to discourage miners that just want to dump rather than support the network.

DarkCoin has the anonymous function that separates it from Bitcoin, but it is X11, so I'm not sure if you can merge mine that or mine it at all with ASIC machines.

Also, may people say Bitcoin is a poinzi scheme as well.