PB Mining -- 5 year mining contracts!

[xstr8guy]

man I wish I had enough BTC to bunk mine up to over 1TH.
more importantly.. gotta catch up with Biomech on referrals!!!
 

Biomec is my referrer.  

Man, am I ever taking crap for posting about PBMining in various threads!  Lol.  I'm not spamming threads either.  I'm just letting people know that there is now a very viable alternative to hardware purchases.

Dollar for dollar, a THs on PBMining is actually less than most preorder offers from hardware vendors.  Is that news I should share or what?!

yup. top bloke he is. but why would someone think it's not going to last 5 years... as mentioned i've been doing my job for over 15 years - because i'm bloody good at it. same should be said for PBmining, they seem to be bloody good at this. if it's making them money today, i see no reason why it shouldn't still be making money in 5 years.

You've heard of 'dog years' right?  7 years for a dog = 1 year for a human.  From my experiences in the bitcoin world, 5 years in the future is a very, very long time!

So anyways, I'm a believer in PBMining.  But people keep suggesting to me that PBMining shows signs of being a Ponzi scheme.  And now I'm worried a bit.  Someone quick, convince me that these guys are completely legit!

[raskul]

You've heard of 'dog years' right?  7 years for a dog = 1 year for a human.  From my experiences in the bitcoin world, 5 years in the future is a very, very long time!

So anyways, I'm a believer in PBMining.  But people keep suggesting to me that PBMining shows signs of being a Ponzi scheme.  And now I'm worried a bit.  Someone quick, convince me that these guys are completely legit!

myself and another couple of guys are doing a backtrack on payment links, as yet, we have not found a 'newly generated coins' pointing at PBMining on the blockchain, we have however, found that PBMining has plenty of reserves from the coins they have received. I'm not massive on this type of investigation, but would be keen to find out... if PBMining were just to post a tx from their mining payouts, it would make it so much easier.

[5ick3uffalo]

do you guys really expect this company will last 5 years ?

Reasonably speaking a 1 year contract and a 5 year contract will pay out essentially the same thing. Hardware that's 1 year old at this point can no longer be run profitably due to its inefficient energy use compared to modern equipment, and suffice to say that the current equipment will be made obsolete before a terribly long time.

[apsvinet]

do you guys really expect this company will last 5 years ?

Why not wonder?

Depends on if bitcoins last for 5 years.

inb4 fanboys telling me it'll exist for forever.

[xstr8guy]

You've heard of 'dog years' right?  7 years for a dog = 1 year for a human.  From my experiences in the bitcoin world, 5 years in the future is a very, very long time!

So anyways, I'm a believer in PBMining.  But people keep suggesting to me that PBMining shows signs of being a Ponzi scheme.  And now I'm worried a bit.  Someone quick, convince me that these guys are completely legit!

myself and another couple of guys are doing a backtrack on payment links, as yet, we have not found a 'newly generated coins' pointing at PBMining on the blockchain, we have however, found that PBMining has plenty of reserves from the coins they have received. I'm not massive on this type of investigation, but would be keen to find out... if PBMining were just to post a tx from their mining payouts, it would make it so much easier.

Ah so, they have not publicly stated which pool they are mining on?  How about pictures of their datacenter at least?

I didn't do my homework. 

[apsvinet]

You've heard of 'dog years' right?  7 years for a dog = 1 year for a human.  From my experiences in the bitcoin world, 5 years in the future is a very, very long time!

So anyways, I'm a believer in PBMining.  But people keep suggesting to me that PBMining shows signs of being a Ponzi scheme.  And now I'm worried a bit.  Someone quick, convince me that these guys are completely legit!

myself and another couple of guys are doing a backtrack on payment links, as yet, we have not found a 'newly generated coins' pointing at PBMining on the blockchain, we have however, found that PBMining has plenty of reserves from the coins they have received. I'm not massive on this type of investigation, but would be keen to find out... if PBMining were just to post a tx from their mining payouts, it would make it so much easier.

Ah so, they have not publicly stated which pool they are mining on?  How about pictures of their datacenter at least?

I didn't do my homework. 

They've said that they're not posting pictures or whatever. If you wanna see what people think about their service, look around in this thread and check their website. People seem satisfied, and that's what matters.

[swetlife]

Now up to 37.

[apsvinet]

do you guys really expect this company will last 5 years ?

Reasonably speaking a 1 year contract and a 5 year contract will pay out essentially the same thing. Hardware that's 1 year old at this point can no longer be run profitably due to its inefficient energy use compared to modern equipment, and suffice to say that the current equipment will be made obsolete before a terribly long time.

This is true, you can't buy a 5 year contract and think you'll make the same profit for 5 years, it's not realistic. If they last even 1 year, and bitcoin price doesn't explode, crash, it'll have been a win for most of the investors.

[5ick3uffalo]

do you guys really expect this company will last 5 years ?

Reasonably speaking a 1 year contract and a 5 year contract will pay out essentially the same thing. Hardware that's 1 year old at this point can no longer be run profitably due to its inefficient energy use compared to modern equipment, and suffice to say that the current equipment will be made obsolete before a terribly long time.

If they last even 1 year, and bitcoin price doesn't explode, crash, it'll have been a win for most of the investors.

First months / year is most important and all that matters for me.

5 year or 5000 years contract i don´t care.

[raskul]

it'll still tick over and gather dust tho, after break even, it's all profit, nomatter how little.

[BigBoy89]

Sorry, we are currently sold out.
Please try again later.

still can't buy GH/s?

[Danglez2907]

Sorry, we are currently sold out.
Please try again later.

still can't buy GH/s?

I was able to buy yesterday but yes, they seem to be sold out for now.

I guess I was lucky.

D

[Bagus23]

Sorry, we are currently sold out.
Please try again later.

still can't buy GH/s?

I was able to buy yesterday but yes, they seem to be sold out for now.

I guess I was lucky.

D

yeah bro, same problem here,
sounds like they're going vacation :p

[5ick3uffalo]

Sorry, we are currently sold out.
Please try again later.

still can't buy GH/s?

I was able to buy yesterday but yes, they seem to be sold out for now.

I guess I was lucky.

D

yeah bro, same problem here,
sounds like they're going vacation :p

Or maybe people want buy more Gh/s than hardware they have?

100 Th/s is a lot and we´re close to it.

They can not sell more Gh/s than they have hardware. Only Ponzi do that, then only the SKY is the limit, not the hardware.

[raskul]

could be just a selling tactic. pause orders for a while... open up again in a few days and watch the BTC flood in.
anyhoo, all speculation, i'm sure PBMining will be here soon to advise.

[5ick3uffalo]

could be just a selling tactic. pause orders for a while... open up again in a few days and watch the BTC flood in.
anyhoo, all speculation, i'm sure PBMining will be here soon to advise.

Selling tactic, hm think not. They could sell WAY more Gh/s than hardware they have i think?

If it´s a Ponzi they would sell always , everyday, 24 hours, because there is no hardware limitation

[n2004al]

could be just a selling tactic. pause orders for a while... open up again in a few days and watch the BTC flood in.
anyhoo, all speculation, i'm sure PBMining will be here soon to advise.

Congrats for the imagination. After this statement everything can be done. Even told that will not be selling of gh/s for one month in order that people believe that pb mining sell only when they have hardware and needed time to have more because there is a stop of selling from the vendors because pb mining has purchased to much hardware the last times and they are sold out.....           

[Satterfield]

How many can i add in it?

[ghur]

If it´s a Ponzi they would sell always , everyday, 24 hours, because there is no hardware limitation

They wouldn't. There's more money to be wiggled loose when keeping up the appearance of being legit.

[raskul]

Even told that will not be selling of gh/s for one month in order that people believe that pb mining sell only when they have hardware and needed time to have more because there is a stop of selling from the vendors because pb mining has purchased to much hardware the last times and they are sold out.....  

in perfect engrish; with immaculate, punctuation.
i have no fucking clue what you are on about.