PB Mining -- 5 year mining contracts!

[Hanslo]

Anyone received bitcoins this morning?

I received.

Not me. I see it's sent, but nothing in my wallet.

Just wait. It will be....

Yea, its there

[1714258170]

1714258170

[1714258170]

1714258170

[1714258170]

1714258170

[dimiro]

This weeks payment received

[Gumbork]

This weeks payment received

wow, how much hash do you have..

[dimiro]

This weeks payment received

wow, how much hash do you have..

182.5 GH/s

[Mike18feb]

Payment received.

And spent 

Wish every day was Sunday...

[Hanslo]

Payment received.

And spent 

Wish every day was Sunday...

What could be improved from our point of view is the fact that the service does a weekly payout of your earnings, it would’ve been better if that was a daily instead of weekly one, especially if you have a lot of hashrate. Though weekly payments are still Ok for smaller hashrate contracts and we have never had a problem with the payments.

[apsvinet]

Suggestion to PBMining:

One thing I find quite an annoyance each time I log into your page is that I directly get redirected to the Global stats page. Possible to make the first page that's visible when you log in "My profile"? Makes a lot more sense as that's usually how it's done.

No biggie, but it's just something I keep sighing at every time I log in. I might be alone.

If you switch you will have "my profile" page at login.

Sorry, what do you mean switch? Every time I've logged in since I became a customer I've been directed to the Global stats page, and every time I've clicked "My profile", afterwards.

See at the top of the "global stats" page.

Gee wiz, I'm more stupid than the sun is bright. Thanks for pointing it out, brought the annoyances on myself!

 
If it's any consolation, I didn't know either, and had the same annoyance

The fact that it resets each time you reset your browser ( e.g safari ) is quite annoying though. They should make profile into the standard landing page and make you able to switch to the Global stats page, if you want.

[byt411]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

[Hanslo]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

[byt411]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

All he can do is give you the password and then you change it, but it can easily be recovered through Social Engineering.
Email Changes have been disabled.

[Mike18feb]

What could be improved from our point of view is the fact that the service does a weekly payout of your earnings, it would’ve been better if that was a daily instead of weekly one, especially if you have a lot of hashrate. Though weekly payments are still Ok for smaller hashrate contracts and we have never had a problem with the payments.

Well, I'm also mining at the other 5year contract provider (spread your investment/risk!) and they pay out every day. For some that's handy. We also had this discussion over there in their thread, and the people wanting daily payouts are also the ones that use the payouts for day trading and moving reward from one cloud to another and so on. Apparently it can raise the profit, but it's still beyond me.
I prefer weekly payout. That way I have a "larger" sum. Easier to reinvest and to withdraw some. If I get peanuts every day, then I spent peanuts, if I get a coconut every week, then I spent a coconut
But as you said, if I had like 50TH/s running, then by all means, pay me every day

[Muhammed Zakir]

Thanks! Payment received. The amount is lowering. According to my calculation, it would take approximately 3 years to get what we invested. I think, we will have to wait for a looong time...

  ~~MZ~~

[Hanslo]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

All he can do is give you the password and then you change it, but it can easily be recovered through Social Engineering.
Email Changes have been disabled.

Not so easy, because you also have to change the bitcoin adress.

[byt411]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

All he can do is give you the password and then you change it, but it can easily be recovered through Social Engineering.
Email Changes have been disabled.

Not so easy, because you also have to change the bitcoin adress.

And? He can easily recover the account and change the adddress back.
I know what I'm talking about...

[Hanslo]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please! 

Come on guys ...do it now first come first serve 

Come on no one? 

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

All he can do is give you the password and then you change it, but it can easily be recovered through Social Engineering.
Email Changes have been disabled.

Not so easy, because you also have to change the bitcoin adress.

And? He can easily recover the account and change the adddress back.
I know what I'm talking about...

In other words, it's not possible to transfer the PB Mining account. Because it's not possible to change the e-mail, and if you can't change the e-mail, you can't change bitcoin adresse.

[Netwerked]

Thanks! Payment received. The amount is lowering. According to my calculation, it would take approximately 3 years to get what we invested. I think, we will have to wait for a looong time...

  ~~MZ~~

It all depends on when you invest and what your assumptions are.  The people who invested in February broke even in July.  On the flip side, if you invested in July and always have 20% difficulty increases, you will never break even.  Let's hope difficulty is more gentle than that.

With a 1TH contract, I'm not sure you would earn anything significant after the second year.  Time will tell.  I'm not sure how you arrive at your 3 year break-even figure.

[Anyayakubu]

Thanks! Payment received. The amount is lowering. According to my calculation, it would take approximately 3 years to get what we invested. I think, we will have to wait for a looong time...
           
            The past history and the math shows this is incorrect.  Contracts have payed off in 22 weeks or less.  there are 260 weeks in a 5 yr contract. right now April contracts are reaching break even in approximately 22 weeks.In my case 21 weeks.  Other months will also reach break even, not in 22 weeks but slightly higher. A contract bought in July will not take 3 years. Three years is 156 weeks,  My estimate  is much closer to 26 to 28 weeks. This still doesn't mean your going to earn a lot  from this, but it important to keep the correct math in mind when working with this. Often I hear on this thread people using the word never. Never is bad math, never is a failing grade in math. Pb mining is going to reach breakeven, but its a matter of how many weeks and how many weeks are you willing to expend your assets, to receive a very small amount later on when difficulty has increased and block halfing.  Those of you who bought April contracts, take a look, your either already reached breakeven or are soon to achieve it.

 







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[snowcrawl]

Thanks! Payment received. The amount is lowering. According to my calculation, it would take approximately 3 years to get what we invested. I think, we will have to wait for a looong time...

  ~~MZ~~

I think that the three year window is going to be exaggerating the useful life of most contracts (unless they are huge in size).  Consider that the trend for many of the paydays has been roughly 10% less than the week before.  Not always that much, but often enough.  At that rate, there will be very little being generated on smaller contracts in a year from now.

[Netwerked]

Contracts have payed off in 22 weeks or less.  there are 260 weeks in a 5 yr contract. right now April contracts are reaching break even in approximately 22 weeks.In my case 21 weeks.  Other months will also reach break even, not in 22 weeks but slightly higher.

Have you actually plugged this in to a spreadsheet, or are you telling us what your intuition is guessing?

Yes, February contracts broke even in July, and I don't doubt that April contracts have broken even or are breaking even now.

This does not automatically mean that all future contracts will break even.  Past performance is no guarantee...

Often I hear on this thread people using the word never. Never is bad math, never is a failing grade in math. Pb mining is going to reach breakeven, but its a matter of how many weeks and how many weeks are you willing to expend your assets, to receive a very small amount later on when difficulty has increased and block halfing.  Those of you who bought April contracts, take a look, your either already reached breakeven or are soon to achieve it.

For a mining contract to be profitable, you have to receive more mining income than the purchase price of the contract.  While the cost/GH of contracts has fallen significantly since February, so has the weekly mining income from each GH.

This calendar year, difficulty has risen around 16% on average.  If someone purchased a contract at the beginning of August, and difficulty continues to rise 16% each time, then they will never break even.  This is part of the risk we take with Bitcoin mining.  Hopefully we will have some more single digit difficulty increases in the near future to increase our odds for profitability.

[apsvinet]

Anyone intererested in overtaking my 100 gh (complete account) for
0.22 instead of 0.29? PM me please!  

Come on guys ...do it now first come first serve  

Come on no one?  

Ok last offer 0.2 for 100 GH!!!

This offer is still open! What´s up? Anybody?

Please stop posting advertisements in the PBMining thread. Make your own thread.

Is it possible for him to transfer his PB Mining account to others??

All he can do is give you the password and then you change it, but it can easily be recovered through Social Engineering.
Email Changes have been disabled.

Not so easy, because you also have to change the bitcoin adress.

And? He can easily recover the account and change the adddress back.
I know what I'm talking about...

In other words, it's not possible to transfer the PB Mining account. Because it's not possible to change the e-mail, and if you can't change the e-mail, you can't change bitcoin adresse.

Hello?!...we are talking about 100 ghs guys think for a $ 7.50 payout once a week i become a criminal?....lol
There will be hopefully a solution....waiting for a reply from support
There is a serious health issue i have to payattention to

Edit:

Mail from support:

Selling my contract
PBMining Admin <admin@pbmining.com>   9. September 2014 03:46
An: Gerrit Braun
If you can find a buyer, then you simply ask the e-mail address to be changed to theirs. 

On Mon, Sep 8, 2014 at 4:23 PM, Gerrit Braun <gerritbraun@freenet.de> wrote:

    Hello,

    i want to sell my contract/account (100 GH), because of a
    serious health issue.

    Is there any chance of support from your site?
    Is there a technical solution if there were an interested buyer?

     Please give me a hint

    Regards
    Gerrit

So, anyone interested to get these 100 GHS for 0.2 BTC? Pls leave a message!

I think you're better of keeping your contract. As you said it's already a really low sum, why not just keep the passive income. Nobody is going to buy a second hand account with no insurance.