PB Mining -- 5 year mining contracts!

[BitChrisUK]

Another 5ghs ordered - id# 79

[Flinten]

To keep you guys happy I am now allowing 25 GH/s orders for current customers only.  

At the current difficulty level we ask for 0.0125 BTC per GH/s.
  Please PM me on here to get set up.

Web development will be a priority, however I will still be able to set you guys up on the same day as your order.

Could you explain how this could work out? 5 Year contract for 8,75$ all inclusive? Running actual ASIC for 5 years costs you already 7.50$ energy (10 Cents/kwh). Looks like charity or a ponzi scheme to me.

[PBmining]

To keep you guys happy I am now allowing 25 GH/s orders for current customers only.  

At the current difficulty level we ask for 0.0125 BTC per GH/s.
  Please PM me on here to get set up.

Web development will be a priority, however I will still be able to set you guys up on the same day as your order.

Could you explain how this could work out? 5 Year contract for 8,75$ all inclusive? Running actual ASIC for 5 years costs you already 7.50$ energy (10 Cents/kwh). Looks like charity or a ponzi scheme to me.

I ran a quick calculation and I came up with $3 of power expenses for 5 years.  Perhaps you thought we were using Antminers?  All we did was figure out what the hardware is worth to us if we were to mine ourselves, and then add a small mark-up to make the hash power worth selling.  No magic tricks here.     Plus, our identity is known because we are a registered business with an established ebay account and over $60,000 in ASIC hardware sales.  Not to mention a 100% feedback rating.  Also keep in mind that as we see 5 years go by, power costs will go down as technology advances.  We are likely to change our hardware out a few times.  

Now even though we are very busy these days working very hard, I don't mind explaining this all to you.  All I ask in return is that you don't jump to such a hostile conclusion.  We pay out our customers every Sunday and always will.  Thanks

  

[Flinten]

There is no miner with less than 1W/GHS. With makes in 5 years 50.000 kWh witch is min 5$ power expenses. You are now saying that you for the remaining 3,75$ you want to change hardware several times? Beside costs of Hosting maintenance etc...

[PBmining]

There is no miner with less than 1W/GHS. With makes in 5 years 50.000 kWh witch is min 5$ power expenses. You are now saying that you for the remaining 3,75$ you want to change hardware several times? Beside costs of Hosting maintenance etc...

I beg to differ that there is nothing less than 1W / Ghs.  I suggest you do a little research.    And even if you were right (which you're not), over 5 years there will be plenty of times to get more efficient power consumption as ASIC technology advances.  It only takes 1 change to completely destroy your estimate of $4 over 5 years.  Just ask the miners who are going to be changing out their avalons for neptunes, etc.  Nobody will be mining with the same hardware 5 years from now.. that's just silly.  That would be like someone still CPU mining for Bitcoins.
Anyways, I'm going to go and compile my payout list (its payday today!  )  so have a great day.  

[PBmining]

Another 5ghs ordered - id# 79

Contract has been added.   

[Flinten]

There is no miner with less than 1W/GHS. With makes in 5 years 50.000 kWh witch is min 5$ power expenses. You are now saying that you for the remaining 3,75$ you want to change hardware several times? Beside costs of Hosting maintenance etc...

I beg to differ that there is nothing less than 1W / Ghs.  I suggest you do a little research.    And even if you were right (which you're not), over 5 years there will be plenty of times to get more efficient power consumption as ASIC technology advances.  It only takes 1 change to completely destroy your estimate of $4 over 5 years.  Just ask the miners who are going to be changing out their avalons for neptunes, etc.  Nobody will be mining with the same hardware 5 years from now.. that's just silly.  That would be like someone still CPU mining for Bitcoins.
Anyways, I'm going to go and compile my payout list (its payday today!  )  so have a great day.  

Do you Change to new Hardware on you own cost? or do you customers who bought a 5 year contract today have to pay for this?

Research? You are note willing to share with us what kind of magic Hardware you are using ?

[PBmining]

There is no miner with less than 1W/GHS. With makes in 5 years 50.000 kWh witch is min 5$ power expenses. You are now saying that you for the remaining 3,75$ you want to change hardware several times? Beside costs of Hosting maintenance etc...

I beg to differ that there is nothing less than 1W / Ghs.  I suggest you do a little research.    And even if you were right (which you're not), over 5 years there will be plenty of times to get more efficient power consumption as ASIC technology advances.  It only takes 1 change to completely destroy your estimate of $4 over 5 years.  Just ask the miners who are going to be changing out their avalons for neptunes, etc.  Nobody will be mining with the same hardware 5 years from now.. that's just silly.  That would be like someone still CPU mining for Bitcoins.
Anyways, I'm going to go and compile my payout list (its payday today!  )  so have a great day.  

Do you Change to new Hardware on you own cost? or do you customers who bought a 5 year contract today have to pay for this?

Research? You are note willing to share with us what kind of magic Hardware you are using ?

Changing to new hardware once over 5 years is a benefit for everyone, not a cost.. so of course my customers would not pay for it.
As for hardware, we are CPU mining of course.    (that's a joke by the way).  If you can't trust a contract from a registered business with an established ebay account, and hundreds of satisfied customers then this game isn't for you.

If you are willing to place a bet that we won't be around 5 years from now and still respecting our contracts, I would gladly bet against you.  Would you be willing to place this bet?

[Flinten]

Please come back to my questions first. What Kind of Hardware you are using and where do you host this Hardware and what do you pay for electricity?

[PBmining]

Please come back to my questions first. What Kind of Hardware you are using and where do you host this Hardware and what do you pay for electricity?

We will be posting as many details as we can on our site soon.  We need to be careful that we are not violating their sales agreement by reselling hash power for non-personal use.  Until then, we will leave you guessing.  Since our identity is known (in contrast to other start-ups), we need to be careful with how we do things around here.  Our costs are our own business, because the customer does not pay for it.  

[Flinten]

We dont know your identity. What is your name and the name of your company and where is it registered? Where do you pay taxes?

[PBmining]

I have even provided a customer a refund during site downtime and let them keep the bitcoin they mined.   
Good luck finding someone who is as dedicated to their customers as we are.

[Flinten]

Could you just post the canadian  company registes entry? Cant find it.

[LavaWave]

Got my 7 GHs 5 year contract today. Hoping for the best!

[RyanK]

If you are planning on purchasing hash power, if you don't mind please use my referral link in my signature below as someone might as well benefit a little extra from the purchase!  Thanks a million and good luck!   

[LavaWave]

Is the site currently down? I've been unable to login for awhile now. Thanks!

[PBmining]

Is the site currently down? I've been unable to login for awhile now. Thanks!

It should work fine.
What kind of error message are you getting?

[LavaWave]

Is the site currently down? I've been unable to login for awhile now. Thanks!

It should work fine.
What kind of error message are you getting?

When I login it goes straight to a Guest page. If I login with incorrect info it will let me know that I did so. I don't know why I'm not getting my personal account.

[PBmining]

Is the site currently down? I've been unable to login for awhile now. Thanks!

It should work fine.
What kind of error message are you getting?

When I login it goes straight to a Guest page. If I login with incorrect info it will let me know that I did so. I don't know why I'm not getting my personal account.

It sounds like a problem with your browser cache or cookies.  

Is anyone else having this problem?

You may have to rely on "global stats" until we find a solution.
Let me know your username so I can tell you your customer #.. (PM me if you don't want this info public)

[LavaWave]

Is the site currently down? I've been unable to login for awhile now. Thanks!

It should work fine.
What kind of error message are you getting?

When I login it goes straight to a Guest page. If I login with incorrect info it will let me know that I did so. I don't know why I'm not getting my personal account.

It sounds like a problem with your browser cache or cookies.  

Is anyone else having this problem?

You may have to rely on "global stats" until we find a solution.
Let me know your username so I can tell you your customer #.. (PM me if you don't want this info public)

I sent you a PM. Thanks!