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Author Topic: PB Mining -- 5 year mining contracts!  (Read 378866 times)
galdur
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October 20, 2014, 07:19:22 PM
 #4161

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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jimmothy
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October 20, 2014, 07:35:52 PM
 #4162

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

Only in the PBmining thread do people(and likely shills) constantly let everyone know how much money they are spending on gambling.

BTW here's some similar scams totally reputable investment opportunities you guys might be interested in:

https://bitcointalk.org/index.php?topic=762929.0

https://bitcointalk.org/index.php?topic=675315.0

https://bitcointalk.org/index.php?topic=351935.0
galdur
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October 20, 2014, 07:39:49 PM
 #4163

Maybe someone can pass the hat around for this guy. I´m sure it´d be much more exciting for him to have a $20 stake while waiting for the co. to fold.

Zyborg
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October 20, 2014, 07:45:40 PM
 #4164

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

Only in the PBmining thread do people(and likely shills) constantly let everyone know how much money they are spending on gambling.

BTW here's some similar scams totally reputable investment opportunities you guys might be interested in:

https://bitcointalk.org/index.php?topic=762929.0

https://bitcointalk.org/index.php?topic=675315.0

https://bitcointalk.org/index.php?topic=351935.0
All those ran with investments though, PBMining has not. I'd also guess they've reached their investment peak long time ago ( the point where it'd be the most profitable to run with the investments ).
jimmothy
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October 20, 2014, 07:57:28 PM
 #4165

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

Only in the PBmining thread do people(and likely shills) constantly let everyone know how much money they are spending on gambling.

BTW here's some similar scams totally reputable investment opportunities you guys might be interested in:

https://bitcointalk.org/index.php?topic=762929.0

https://bitcointalk.org/index.php?topic=675315.0

https://bitcointalk.org/index.php?topic=351935.0
All those ran with investments though, PBMining has not. I'd also guess they've reached their investment peak long time ago ( the point where it'd be the most profitable to run with the investments ).

You could be right but I don't think there is any way to know when they will/have peaked.

Look at the "sent" chart: https://www.blocktrail.com/BTC/address/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

Their payouts/customers have been increasing pretty steadily so I think it's possible they have hopes of reaching a higher peak.

Anyways for every reason that they might be legit, there are a dozen reasons they are probably not.

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Zyborg
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October 20, 2014, 08:15:35 PM
 #4166

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

Only in the PBmining thread do people(and likely shills) constantly let everyone know how much money they are spending on gambling.

BTW here's some similar scams totally reputable investment opportunities you guys might be interested in:

https://bitcointalk.org/index.php?topic=762929.0

https://bitcointalk.org/index.php?topic=675315.0

https://bitcointalk.org/index.php?topic=351935.0
All those ran with investments though, PBMining has not. I'd also guess they've reached their investment peak long time ago ( the point where it'd be the most profitable to run with the investments ).

You could be right but I don't think there is any way to know when they will/have peaked.

Look at the "sent" chart: https://www.blocktrail.com/BTC/address/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

Their payouts/customers have been increasing pretty steadily so I think it's possible they have hopes of reaching a higher peak.

Anyways for every reason that they might be legit, there are a dozen reasons they are probably not.

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley
dimiro
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October 20, 2014, 08:33:29 PM
 #4167

I´m doing my best to help them maintain the ponzi. Sent half a bitcoin today.  Grin

Only in the PBmining thread do people(and likely shills) constantly let everyone know how much money they are spending on gambling.

BTW here's some similar scams totally reputable investment opportunities you guys might be interested in:

https://bitcointalk.org/index.php?topic=762929.0

https://bitcointalk.org/index.php?topic=675315.0

https://bitcointalk.org/index.php?topic=351935.0
All those ran with investments though, PBMining has not. I'd also guess they've reached their investment peak long time ago ( the point where it'd be the most profitable to run with the investments ).

You could be right but I don't think there is any way to know when they will/have peaked.

Look at the "sent" chart: https://www.blocktrail.com/BTC/address/1Payday1sm5wGqtatKscfXnxARZ2B2MF3z

Their payouts/customers have been increasing pretty steadily so I think it's possible they have hopes of reaching a higher peak.

Anyways for every reason that they might be legit, there are a dozen reasons they are probably not.

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?

We've been reading your red flags for pages already, everyone got your point mate. But the truth is, those who care are gone and those who don't, well they enjoy while it lasts. Just stop filling the board with useless talks and increasing your post counts.
jimmothy
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October 20, 2014, 08:45:52 PM
 #4168

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley

That makes no sense. Why would you purposely turn away potential customers?

If there are so many people screaming ponzi, wouldn't the logical response be to prove you are not a ponzi?

Why would PBmining spend so much time/effort implementing a complicated coin mixer AFTER people begin the ponzi accusations?

Did Mr PBmining wake up one day and think to himself "how can I make my company look much more sketchy and make it much harder for me to acquire customers?"

PBmining could be massive if they would have just proved their legitimacy 10 months ago. I'd guess they could have more 10PH/s by now if they didn't limit their customer base to gamblers and gullible noobs.
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October 20, 2014, 09:25:00 PM
 #4169

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley

That makes no sense. Why would you purposely turn away potential customers?

If there are so many people screaming ponzi, wouldn't the logical response be to prove you are not a ponzi?

Why would PBmining spend so much time/effort implementing a complicated coin mixer AFTER people begin the ponzi accusations?

Did Mr PBmining wake up one day and think to himself "how can I make my company look much more sketchy and make it much harder for me to acquire customers?"

PBmining could be massive if they would have just proved their legitimacy 10 months ago. I'd guess they could have more 10PH/s by now if they didn't limit their customer base to gamblers and gullible noobs.

Fact is that people do get paid, and they genuinely like it.
^ Said anyone who ever participated in a ponzi before it collapsed.

It's just sad to see the bitcoin community falling for the same scams over and over which can be easily prevented. If the everyone would just adopt the most basic standards like requiring proof of mining via a mining address then 99% of cloudmining scams could be avoided. Although I think most people already require simple proof of legitimacy, there's a never ending wave of noobs who oppose the idea.

But you're right I think I've made my point, I'll leave and let you guys enjoy your gambling. I just hope you guys are honest when spamming your referral links and don't pretend pbmining is a completely legit mining operation without massive risks for a tiny reward.

What's your purpose? Letting people know that you think it's a ponzi? You have done that multiple times already.

It's up to PBmining to decide how they run their business, if this is how they want it, then let it be so.

You clearly are no fan of PBmining, why not just skip them and focus on other things...
varthshenon
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October 20, 2014, 10:51:23 PM
 #4170

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley

That makes no sense. Why would you purposely turn away potential customers?

If there are so many people screaming ponzi, wouldn't the logical response be to prove you are not a ponzi?

Why would PBmining spend so much time/effort implementing a complicated coin mixer AFTER people begin the ponzi accusations?

Did Mr PBmining wake up one day and think to himself "how can I make my company look much more sketchy and make it much harder for me to acquire customers?"

PBmining could be massive if they would have just proved their legitimacy 10 months ago. I'd guess they could have more 10PH/s by now if they didn't limit their customer base to gamblers and gullible noobs.

Fact is that people do get paid, and they genuinely like it.
^ Said anyone who ever participated in a ponzi before it collapsed.

It's just sad to see the bitcoin community falling for the same scams over and over which can be easily prevented. If the everyone would just adopt the most basic standards like requiring proof of mining via a mining address then 99% of cloudmining scams could be avoided. Although I think most people already require simple proof of legitimacy, there's a never ending wave of noobs who oppose the idea.

But you're right I think I've made my point, I'll leave and let you guys enjoy your gambling. I just hope you guys are honest when spamming your referral links and don't pretend pbmining is a completely legit mining operation without massive risks for a tiny reward.

What's your purpose? Letting people know that you think it's a ponzi? You have done that multiple times already.

It's up to PBmining to decide how they run their business, if this is how they want it, then let it be so.

You clearly are no fan of PBmining, why not just skip them and focus on other things...

Maybe he/she have mental condition.
vipgelsi
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October 21, 2014, 03:46:40 AM
 #4171

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley

That makes no sense. Why would you purposely turn away potential customers?

If there are so many people screaming ponzi, wouldn't the logical response be to prove you are not a ponzi?

Why would PBmining spend so much time/effort implementing a complicated coin mixer AFTER people begin the ponzi accusations?

Did Mr PBmining wake up one day and think to himself "how can I make my company look much more sketchy and make it much harder for me to acquire customers?"

PBmining could be massive if they would have just proved their legitimacy 10 months ago. I'd guess they could have more 10PH/s by now if they didn't limit their customer base to gamblers and gullible noobs.

Its a shame they wont even take 1 pic of anything to post here.  At least post a few miners with a pbmining sign in front of them.

Id say scam potential here is at 70%
Seretonin
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October 21, 2014, 05:54:24 AM
 #4172

We've been reading your red flags for pages already, everyone got your point mate. But the truth is, those who care are gone and those who don't, well they enjoy while it lasts. Just stop filling the board with useless talks and increasing your post counts.
If you are all aware of the fact that it is a ponzi please don't call for investigations to track down the owner when it inevitably collapses. You have taken a gamble and you can suffer the consequences when you lose your coins.
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October 21, 2014, 05:56:31 AM
 #4173

Maybe he/she have mental condition.
Haha! This is coming from someone who won't listen to logic from a person that has called out numerous scams before they collapsed.

I think you're the one who may have a slight mental deficiency.
varthshenon
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October 21, 2014, 07:05:41 AM
 #4174

Maybe he/she have mental condition.
Haha! This is coming from someone who won't listen to logic from a person that has called out numerous scams before they collapsed.

I think you're the one who may have a slight mental deficiency.

http://i190.photobucket.com/albums/z115/varthshenon/tiem.jpg
WHITNEYALYSE
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October 21, 2014, 07:06:17 AM
 #4175

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VJain
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October 21, 2014, 10:54:27 AM
 #4176

Again, PBmining could dispel all rumors/doubt by simply providing a mining address. Why don't they?
Because they're clearly satisfied with how their service is turning out and doesn't feel the need to please everyone that's screaming ponzi? Smiley

That makes no sense. Why would you purposely turn away potential customers?

If there are so many people screaming ponzi, wouldn't the logical response be to prove you are not a ponzi?

Why would PBmining spend so much time/effort implementing a complicated coin mixer AFTER people begin the ponzi accusations?

Did Mr PBmining wake up one day and think to himself "how can I make my company look much more sketchy and make it much harder for me to acquire customers?"

PBmining could be massive if they would have just proved their legitimacy 10 months ago. I'd guess they could have more 10PH/s by now if they didn't limit their customer base to gamblers and gullible noobs.

Its a shame they wont even take 1 pic of anything to post here.  At least post a few miners with a pbmining sign in front of them.

Id say scam potential here is at 70%

They've been around for quite a while now! It is still possible they're a scam / ponzi / don't even mine.

Fact is, they've been paying out to date with only MINOR issues.

Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
PilotofBTC
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October 21, 2014, 02:14:11 PM
 #4177


Its a shame they wont even take 1 pic of anything to post here.  At least post a few miners with a pbmining sign in front of them.


Do you realize how easy that is to fake?

The best POM (proff of mining) would be to see PBMinning come up as the miner of blocks when looking at Blockchain.info. Also, a mining address. But, if they haven't done it at this point, I don't expect they will.
galdur
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October 21, 2014, 08:47:01 PM
 #4178

"""Cost savings

Monroe is very secretive about his clients and can not be drawn into conversation about specific mining rigs, though he is able to detail the cost-savings such companies are making.

"[One client] saved over 83% on their energy cost alone. But more importantly than just the energy savings - they substantially reduced their carbon footprint which for most companies is becoming more and more important."

DigitalBTC is not the only mining company to move in to the industrial park. Last month, Switzerland-based mining firm Bitmine switched from their base in the Alps to set up shop in Iceland."""

Geothermal Gold: Why Bitcoin Mines are Moving to Iceland

http://www.ibtimes.co.uk/geothermal-gold-why-bitcoin-mines-are-moving-iceland-1468295

MrTeal
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October 21, 2014, 10:04:10 PM
 #4179

"""Cost savings

Monroe is very secretive about his clients and can not be drawn into conversation about specific mining rigs, though he is able to detail the cost-savings such companies are making.

"[One client] saved over 83% on their energy cost alone. But more importantly than just the energy savings - they substantially reduced their carbon footprint which for most companies is becoming more and more important."

DigitalBTC is not the only mining company to move in to the industrial park. Last month, Switzerland-based mining firm Bitmine switched from their base in the Alps to set up shop in Iceland."""

Geothermal Gold: Why Bitcoin Mines are Moving to Iceland

http://www.ibtimes.co.uk/geothermal-gold-why-bitcoin-mines-are-moving-iceland-1468295
http://www.landsvirkjun.com/productsservices/valueproposition
$43/MWh ($0.043/kWh)
Still not cheap enough to justify pbmining's rates. With the best announced hardware (Spondoolies SP35, 0.6J/GH) 5 years of power would be 26.28kWh and cost $1.13/GH/s at that price. That's 0.0029BTC of the 0.0016BTC they are charging per GH/s, leaving -0.0013BTC to spend on everything else.
Even with not-yet-designed 0.2J/GH hardware, you're looking at $0.377/GH/s just for power, or 0.00098BTC of the 0.0016BTC/GH/s they charge, leaving 0.0006BTC/GH/s to acquire HW, maintain/upgrade it for 5 years, and make a little money.
jimmothy
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October 21, 2014, 10:40:00 PM
 #4180

"""Cost savings

Monroe is very secretive about his clients and can not be drawn into conversation about specific mining rigs, though he is able to detail the cost-savings such companies are making.

"[One client] saved over 83% on their energy cost alone. But more importantly than just the energy savings - they substantially reduced their carbon footprint which for most companies is becoming more and more important."

DigitalBTC is not the only mining company to move in to the industrial park. Last month, Switzerland-based mining firm Bitmine switched from their base in the Alps to set up shop in Iceland."""

Geothermal Gold: Why Bitcoin Mines are Moving to Iceland

http://www.ibtimes.co.uk/geothermal-gold-why-bitcoin-mines-are-moving-iceland-1468295
http://www.landsvirkjun.com/productsservices/valueproposition
$43/MWh ($0.043/kWh)
Still not cheap enough to justify pbmining's rates. With the best announced hardware (Spondoolies SP35, 0.6J/GH) 5 years of power would be 26.28kWh and cost $1.13/GH/s at that price. That's 0.0029BTC of the 0.0016BTC they are charging per GH/s, leaving -0.0013BTC to spend on everything else.
Even with not-yet-designed 0.2J/GH hardware, you're looking at $0.377/GH/s just for power, or 0.00098BTC of the 0.0016BTC/GH/s they charge, leaving 0.0006BTC/GH/s to acquire HW, maintain/upgrade it for 5 years, and make a little money.

It's still half the cost of electricity anywhere in Canada.

Maybe that's where PBmining will set up their operation if they ever decide to actually start mining?
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