PB Mining -- 5 year mining contracts!

[Flep182]

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

Ah, I was under the impression it was based on actual miningresults

i've been away for a while but as of yet, i don't know if there has been any proof of any mining whatsoever by pbmining. following the payout tx's never leads to a coinbase transaction and pbmining has refused to offer any other physical proof. this is why i stopped buying contracts months ago - I have however, returned a profit as I was an early investor so every payout i receive is now pure profit (albeit small payouts now ~0.04btc per week these days)

i'm pretty sure the payouts are still based on their own calculations, and not coinbase rewards. please feel free to correct me if i'm wrong, as I said, i've been away working for some time.

At the moment I'm two weeks away from ROI. I'm considering adding more contracts 3 more weeks after ROI'ing but only risking the profit, I'm, partly because of the lack of accountability, not planning on investing more than the profit.

[Angelina Jolie]

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

aT THIS DIfficulty level,

1000 GHS pays, 0.08889 BTC in a week..


check it out that site

https://bitcoinwisdom.com/bitcoin/difficulty

That is a theoretical sum. I dont think PB mining pays this exact amount.

[galdur]

Well, my oldest contract is a month old now

it cost .048

has paid out 0.01211488 so far

not too shabby.

[Angelina Jolie]

Well, my oldest contract is a month old now

it cost .048

has paid out 0.01211488 so far

not too shabby.

This data is about PB mining or cloudmining.website ?

[Puppet]

Rated PBmining in my cloudmining thread:
https://bitcointalk.org/index.php?topic=860400.msg

Scored a solid 7/7 on my ponzi scale.

[galdur]

Well, my oldest contract is a month old now

it cost .048

has paid out 0.01211488 so far

not too shabby.

This data is about PB mining or cloudmining.website ?

Take a wild guess.

[BitcoinExchangeIndia.com]

You are see a lesser payment from the week before because the week before the difficulty changed in the middle of the week.  This past week is a full week at the current difficulty.  This week the difficulty will also change mid week.  This is quite common here. No big mystery to it.

Expected rise in difficulty this week is ~2% as against last week's ~10%.

[petahashminer]

Hi PBMining Admin,

There has been a 7.5% cut in rewards in global page in all users statistics since last payout..

According to https://bitcoinwisdom.com/bitcoin/difficulty  ;

1000 GHS has to pay 0.0127 BTC in 24 hours, also you can also calculate this with this formula too, 1000 GHS/DAY = (24*1000)*1000000000*3600*25/(D*2^32) = 0.0127 BTC/day where D is the current difficulty which is 39603666252 right at the moment. But since yesterday, it is paying 0.0117 BTC/24hours ..which is a reduction of 7.5% .


You always say that, there is no recurring costs, there is no fees, there is no any other fees applied to these contracts, and you always say in your website front page and in this forum that you are willing to pay full payment even if there will be downtime too. and users made these contracts with these circumstances.

So, what is the reason of this huge cut?


i hope this problem is caused by a miscalculation in the system and will be fixed soon.

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

I have been mining here for about 1 year, and, there was no variance until NOW. Payouts WAS equal to that calculation as i mention above, But since yesterday, the statistics in global page are counting 7.5% less than of the original. that is 7.5% reduce in profit and that is not pbmining promise.

Check your stats in a one hour time period, just check your stats in the global page, i am checking all users stats with a script.. and all has same percent decrease i.e 7.5%.

you can do your calculations your own too.

[galdur]

No variance here.

So far earned 19.1% of last week´s payout
which is exactly in line.

[BitcoinExchangeIndia.com]

No variance here.

So far earned 19.1% of last week´s payout
which is exactly in line.

19.1% of last week´s payout does not mean anything. What % of payout u have got from your hash power against the payment indicated by https://alloscomp.com/bitcoin/calculator against the same hash power ?

[AC~DC]

Can't believe the time wasted on witch hunts on these treads!!!

Who cares if this outfits run chicken farms and pay you by selling eggs...

Did you all complain as much to the pool ops. for rearranging blocks and hiding the easy solve ones for their own use ? Other things ?
Do you ask your cd holding bank what they invest in? See their books ?
Maybe there is a correlation there ? Jezz...

I have seen it all happen. Don't go by my sign date, been on btc longer than you think.

Please, let people be, everyone has a choice: join / don't join

Have a glorious day friends!

[galdur]

I´m very content here earning 25%/month.

I´ll be a little less happy if it drops to 23% or
even 20% but it´ll still be a very good yield as
far as I´m concerned.

[raskul]

Can't believe the time wasted on witch hunts on these treads!!!

Who cares if this outfits run chicken farms and pay you by selling eggs...

Did you all complain as much to the pool ops. for rearranging blocks and hiding the easy solve ones for their own use ? Other things ?
Do you ask your cd holding bank what they invest in? See their books ?
Maybe there is a correlation there ? Jezz...

I have seen it all happen. Don't go by my sign date, been on btc longer than you think.

Please, let people be, everyone has a choice: join / don't join

Have a glorious day friends!

it's not a witch hunt, it's a discussion with varying opinions.
chill. 

[King Agamemnon]

No variance here.

So far earned 19.1% of last week´s payout
which is exactly in line.

So should someone try the site out?

[galdur]

No variance here.

So far earned 19.1% of last week´s payout
which is exactly in line.

So should someone try the site out?

Well, trying it costs a lousy 15 bucks or so.

Makes more sense than sitting for months or years
on a message board whining about how it must be
a scam.

[kotwica666]

Someone has already reached ROI? If so, when was bought contract?

[n2004al]

Someone has already reached ROI? If so, when was bought contract?

Reached break even (because ROI is reached every week at sunday) about three month ago. Bought contracts since march.

[raskul]

Someone has already reached ROI? If so, when was bought contract?

Reached break even (because ROI is reached every week at sunday) about three month ago. Bought contracts since march.

same here. broke even a couple months ago. would reinvest if there was a coinbase tx or proof that pbmining are actually mining.

[kotwica666]

Someone has already reached ROI? If so, when was bought contract?

Reached break even (because ROI is reached every week at sunday) about three month ago. Bought contracts since march.

same here. broke even a couple months ago. would reinvest if there was a coinbase tx or proof that pbmining are actually mining.

Hard decision .. buying contract now appears to be a high risk .. I'd better buy the GHS in more fresh services..

[raskul]

Someone has already reached ROI? If so, when was bought contract?

Reached break even (because ROI is reached every week at sunday) about three month ago. Bought contracts since march.

same here. broke even a couple months ago. would reinvest if there was a coinbase tx or proof that pbmining are actually mining.

Hard decision .. buying contract now appears to be a high risk .. I'd better buy the GHS in more fresh services..

buy bitcoin.