PB Mining -- 5 year mining contracts!

[Muhammed Zakir]

Even with fees, the price should be comparable.

So, how do they do it ?

If you really want to know, it is better to ask this question to them. It might be a business secret which they might not disclose that easily.

   ~~MZ~~

[1714259750]

1714259750

[1714259750]

1714259750

[galdur]

I mean, it´s repeated here constantly ad ennui how PBM must be a scam because they can´t make a profit at .0016. How does Hashnest turn a profit at a comparable price given the fees.

[Muhammed Zakir]

I mean, it´s repeated here constantly ad ennui how PBM must be a scam because they can´t make a profit at .0016. How does Hashnest turn a profit at a comparable price given the fees.

I don't agree to that statement. I conclude it is a scam as it is neither giving any proof nor we could find any atleast a block which they mined.

   ~~MZ~~

[galdur]

I mean, it´s repeated here constantly ad ennui how PBM must be a scam because they can´t make a profit at .0016. How does Hashnest turn a profit at a comparable price given the fees.

I don't agree to that statement. I conclude it is a scam as it is neither giving any proof nor we could find any atleast a block which they mined.

   ~~MZ~~

So why do you suppose none of their competitors have exposed this scam. I mean it´s a dog eat dog marketplace. Competition is very fierce. They´re just content to let a scam take business from them?

[jimmothy]

Hashnest sells GHS at 0.001125 BTC.

If PBM can´t cover the costs at .0016, then how do you guys figure Hashnest does it?

Or are they a scam as well ?

You can verify it's not a scam via the blockchain: https://blockchain.info/tx/ea82419ded154267803bee5649101b50ff92fe2ce162c307ae123e938b797ca2

You might have to enable scripts and coinbase to see that they sign each block with "Mined by AntPool".

When you include fees (~$0.13/kwh) hashnest is not really such a great deal. If you mined for 3 months the fees alone would be ~$0.3/GH.

Hashnest is run by Bitmain who manufactures the hardware and has been mining with it for months. They know $0.13/kwh is no longer competitive which is why they are now selling cloudmining.

[Muhammed Zakir]

I mean, it´s repeated here constantly ad ennui how PBM must be a scam because they can´t make a profit at .0016. How does Hashnest turn a profit at a comparable price given the fees.

I don't agree to that statement. I conclude it is a scam as it is neither giving any proof nor we could find any atleast a block which they mined.

   ~~MZ~~

So why do you suppose none of their competitors have exposed this scam. I mean it´s a dog eat dog marketplace. Competition is very fierce. They´re just content to let a scam take business from them?

I don't think there was an incident like that. Even when PBMining came, no business went down. If you know any, please provide proof, something like website link, project name, it would suffice.

    ~~MZ~~

[galdur]

I mean, it´s repeated here constantly ad ennui how PBM must be a scam because they can´t make a profit at .0016. How does Hashnest turn a profit at a comparable price given the fees.

I don't agree to that statement. I conclude it is a scam as it is neither giving any proof nor we could find any atleast a block which they mined.

   ~~MZ~~

So why do you suppose none of their competitors have exposed this scam. I mean it´s a dog eat dog marketplace. Competition is very fierce. They´re just content to let a scam take business from them?

I don't think there was an incident like that. Even when PBMining came, no business went down. If you know any, please provide proof, something like website link, project name would suffice.

    ~~MZ~~

Thin.

[galdur]

Hashnest sells GHS at 0.001125 BTC.

If PBM can´t cover the costs at .0016, then how do you guys figure Hashnest does it?

Or are they a scam as well ?

You can verify it's not a scam via the blockchain: https://blockchain.info/tx/ea82419ded154267803bee5649101b50ff92fe2ce162c307ae123e938b797ca2

You might have to enable scripts and coinbase to see that they sign each block with "Mined by AntPool".

When you include fees (~$0.13/kwh) hashnest is not really such a great deal. If you mined for 3 months the fees alone would be ~$0.3/GH.

Hashnest is run by Bitmain who manufactures the hardware and has been mining with it for months. They know $0.13/kwh is no longer competitive which is why they are now selling cloudmining.

Talk to you later jimmothy. Good luck, g

[RD965]

Hashnest sells GHS at 0.001125 BTC.

If PBM can´t cover the costs at .0016, then how do you guys figure Hashnest does it?

Or are they a scam as well ?

You can verify it's not a scam via the blockchain: https://blockchain.info/tx/ea82419ded154267803bee5649101b50ff92fe2ce162c307ae123e938b797ca2

You might have to enable scripts and coinbase to see that they sign each block with "Mined by AntPool".

When you include fees (~$0.13/kwh) hashnest is not really such a great deal. If you mined for 3 months the fees alone would be ~$0.3/GH.

Hashnest is run by Bitmain who manufactures the hardware and has been mining with it for months. They know $0.13/kwh is no longer competitive which is why they are now selling cloudmining.

Wait are you saying that address its pbminings proof?

[jimmothy]

Hashnest sells GHS at 0.001125 BTC.

If PBM can´t cover the costs at .0016, then how do you guys figure Hashnest does it?

Or are they a scam as well ?

You can verify it's not a scam via the blockchain: https://blockchain.info/tx/ea82419ded154267803bee5649101b50ff92fe2ce162c307ae123e938b797ca2

You might have to enable scripts and coinbase to see that they sign each block with "Mined by AntPool".

When you include fees (~$0.13/kwh) hashnest is not really such a great deal. If you mined for 3 months the fees alone would be ~$0.3/GH.

Hashnest is run by Bitmain who manufactures the hardware and has been mining with it for months. They know $0.13/kwh is no longer competitive which is why they are now selling cloudmining.

Wait are you saying that address its pbminings proof?

No it's Hashnests proof.

Hashnets = Bitmain = Antpool.

[RD965]

Hashnest sells GHS at 0.001125 BTC.

If PBM can´t cover the costs at .0016, then how do you guys figure Hashnest does it?

Or are they a scam as well ?

You can verify it's not a scam via the blockchain: https://blockchain.info/tx/ea82419ded154267803bee5649101b50ff92fe2ce162c307ae123e938b797ca2

You might have to enable scripts and coinbase to see that they sign each block with "Mined by AntPool".

When you include fees (~$0.13/kwh) hashnest is not really such a great deal. If you mined for 3 months the fees alone would be ~$0.3/GH.

Hashnest is run by Bitmain who manufactures the hardware and has been mining with it for months. They know $0.13/kwh is no longer competitive which is why they are now selling cloudmining.

Wait are you saying that address its pbminings proof?

No it's Hashnests proof.

Hashnets = Bitmain = Antpool.

What about hashlets?  

[Muhammed Zakir]

What about hashlets? 

I think they are legit! Here are the 2 quotes which will help you decide:

Manfred87's Picture Proof of the Hardware:

Interpretation is on everybody himself.

Fact: In only two month they build up a very large Mining Center in the East
( https://hashtalk.org/t/gaw-miners-generation-a-hosted-update/1347 )

Could be Fake: Datacenter West ( no Pictures from inside )


















Mirrors:
http://www.xup.to/dl,45783567/zenminer.zip/
http://www.file-upload.net/download-9405717/zenminer.zip.html
https://www.sendspace.com/file/ufsvvh

I've seen some people wondering about the whole payment process.
Here's a link to an explanation: https://hashtalk.org/topic/3349/explanation-when-do-i-get-a-payout

    ~~MZ~~

[RD965]

What about hashlets? 

I think they are legit! Here are the 2 quotes which will help you decide:

Manfred87's Picture Proof of the Hardware:

Interpretation is on everybody himself.

Fact: In only two month they build up a very large Mining Center in the East
( https://hashtalk.org/t/gaw-miners-generation-a-hosted-update/1347 )

Could be Fake: Datacenter West ( no Pictures from inside )


















Mirrors:
http://www.xup.to/dl,45783567/zenminer.zip/
http://www.file-upload.net/download-9405717/zenminer.zip.html
https://www.sendspace.com/file/ufsvvh

I've seen some people wondering about the whole payment process.
Here's a link to an explanation: https://hashtalk.org/topic/3349/explanation-when-do-i-get-a-payout

    ~~MZ~~

At least there is pictures. I have most of the miner units that are shown 

[vipgelsi]

Pb why not take a picture it will last longer 

[paulsonnumismatics]

At least there is pictures. I have most of the miner units that are shown  

Will you PLEASE refrain for quoting one decimal meter of photos that just were shown in the preceding post only to make a pointless comment of 15 words below? Thanks so much.  


Back to the topic, after 212 pages of posts.... PB keeps on delivering. FWIW.

[ShrykeZ]

Had no problem with payments, happy with the service so far.

[Biomech]

At least there is pictures. I have most of the miner units that are shown  

Will you PLEASE refrain for quoting one decimal meter of photos that just were shown in the preceding post only to make a pointless comment of 15 words below? Thanks so much.  


Back to the topic, after 212 pages of posts.... PB keeps on delivering. FWIW.

Glad it wasn't just me. Would've taken about the same amount of time to <snip> the quote as it did to type his comment.

And agreed.

[thirdprize]

Going on the assumption that with the increases in difficulty, it probably will take 5 years to ROI on any new investments made, can someone explain how re-investing is a good idea?  If the payments are getting (relatively) smaller and your investment is getting larger, how will you ever win?  Unless you are calculating in £/$ somehow? 

[Netwerked]

Going on the assumption that with the increases in difficulty, it probably will take 5 years to ROI on any new investments made, can someone explain how re-investing is a good idea?  If the payments are getting (relatively) smaller and your investment is getting larger, how will you ever win?  Unless you are calculating in £/$ somehow? 

You can start to get ROI in as little as a few hours if you purchase a contract on a Saturday.

Seriously though, the cost of buying one GH gets cheaper over time, because the expected return of 1 GH decreases over time.  I don't think both have decreased at the same pace, mainly because the value of a Bitcoin relative to fiat has fallen.

Use a spreadsheet and guestimate your payouts.  If you don't think you can break even in under a year, then don't bother investing.  The expected return after the first year is very small.

In a worst case scenario, if you buy a contract and then experience some significant difficulty increases early in the life of a contract, you run the risk of never breaking even.  I know that PBmining customers who purchased contracts through April have been breaking even, but who knows what luck someone will have if they make a purchase today.

My strategy is to consider making a purchase every three months.  The best time to buy is right after a difficulty increase during a period where you think difficulty might not rapidly increase.  Again, run the numbers in a spreadsheet using your assumptions before you make a purchase.

Is it a good idea to reinvest all of your PBmining payouts into new contracts?  If you think every contract will always break even, then yes.  If not, then no.

[thirdprize]

Seriously though, the cost of buying one GH gets cheaper over time, because the expected return of 1 GH decreases over time.  I don't think both have decreased at the same pace, mainly because the value of a Bitcoin relative to fiat has fallen.

Ah, so 60Gh in May cost .288 Btc but now costs .096 Btc.  That's a decrease of about two thirds.  However, the weekly payment is now about a third of what it was in may.  Still sounds like treading water.