PB Mining -- 5 year mining contracts!

[byt411]

PBMining, have you made a deal with this guy or is it a scam?
https://bitcointalk.org/index.php?topic=579771.0

It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know.  I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.  Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes.  For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out.  These deals are done at their own risk.  

From our perspective, the seller would simply ask to change the payout address, which is something we do every day.  Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages.  We will require the signed message and only then will be make any changes to the account.  If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address.  

Well, has that guy contacted you, and could you instead just transfer the hashing power?

[PBmining]

PBMining, have you made a deal with this guy or is it a scam?
https://bitcointalk.org/index.php?topic=579771.0

It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know.  I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.  Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes.  For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out.  These deals are done at their own risk.  

From our perspective, the seller would simply ask to change the payout address, which is something we do every day.  Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages.  We will require the signed message and only then will be make any changes to the account.  If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address.  

so - hypothetically speaking - say for example, someone wanted to sell me all their hashpower, and move it from their account to my (already set up) account, would you accommodate this, for a small admin fee, perhaps?

No we are not currently set up to do this, but it's a feature we will implement in the future.  We won't have anything to do with the sale itself.  

[raskul]

PBMining, have you made a deal with this guy or is it a scam?
https://bitcointalk.org/index.php?topic=579771.0

It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know.  I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.  Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes.  For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out.  These deals are done at their own risk.  

From our perspective, the seller would simply ask to change the payout address, which is something we do every day.  Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages.  We will require the signed message and only then will be make any changes to the account.  If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address.  

so - hypothetically speaking - say for example, someone wanted to sell me all their hashpower, and move it from their account to my (already set up) account, would you accommodate this, for a small admin fee, perhaps?

No we are not currently set up to do this, but it's a feature we will implement in the future.  We won't have anything to do with the sale itself.  

thanks for a prompt response. best wishes for the future.

[jamieb81]

Could be interesting yes to have some kind of "exchange" feature on the website indeed.

[PBmining]

PBMining, have you made a deal with this guy or is it a scam?
https://bitcointalk.org/index.php?topic=579771.0

It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know.  I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.  Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes.  For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out.  These deals are done at their own risk.  

From our perspective, the seller would simply ask to change the payout address, which is something we do every day.  Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages.  We will require the signed message and only then will be make any changes to the account.  If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address.  

Well, has that guy contacted you, and could you instead just transfer the hashing power?

Yes he contacted me, and I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.
PB Mining will not have anything to do with the sale itself.  If the original owner wants to change his payout address, sell his password, then there is nothing we can really do to stop it.  I'm simply stating that we can't enforce you not to sell your account, so go ahead.    Just remember you may be required to sign a message with the private key to prove original ownership.  This is done for the customers protection in case their account is hacked.

[byt411]

PBMining, have you made a deal with this guy or is it a scam?
https://bitcointalk.org/index.php?topic=579771.0

It's not really a deal I made with him, and whether or not it's a scam is impossible for me to know.  I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.  Keep in mind, however that escrow is recommended with something like this and PB Mining will never have anything to do with the sale or mediation of any disputes.  For example, if you were to ask us "Someone wants to buy my account, now what do I do?" then that is where we step away and leave that to the buyer and seller to figure out.  These deals are done at their own risk.  

From our perspective, the seller would simply ask to change the payout address, which is something we do every day.  Now if someone wants to change their payout address and they have a significant amount of hash power, then they must have control over their private key so that they can sign/verify messages.  We will require the signed message and only then will be make any changes to the account.  If you are using a wallet service that does not give you this full control, then selling your account would not be possible if the buyer wants to use their own payout address.  

Well, has that guy contacted you, and could you instead just transfer the hashing power?

Yes he contacted me, and I simply told him that we can't stop anyone from selling their own accounts/passwords.  It's a free market.
PB Mining will not have anything to do with the sale itself.  If the original owner wants to change his payout address, sell his password, then there is nothing we can really do to stop it.  I'm simply stating that we can't enforce you not to sell your account, so go ahead.    Just remember you may be required to sign a message with the private key to prove original ownership.  This is done for the customers protection in case their account is hacked.

If I buy it, can you ensure that the seller cannot take the account back? (With the seller proving everything)

[PBmining]

That prevention happens naturally due to this system.  Just think about this -- if the seller gave full permission to change the payout address, then that action should be irreversible if he no longer controls the account.  For the payout address to be switched back AGAIN would require the buyer to go through the same process of signing the BTC address with their own private key, and turning the account back over.  That is why we say if you are going to sell your account and request a change of payout address, then do so at your own risk.  USE AN ESCROW.   We will not mediate any disputes, so selling your account is permanent.  From our perspective we would simply be following the same procedure as we always have with changing passwords and addresses..

[PBmining]

I should also add that to have the most flexibility with your account, such as in this situation, never sign up to a wallet service that does not give you power over your own private key.  In fact, most of those services aren't even meant to be used as a wallet service, but rather an exchange.  Some customers use strange payout addresses, such as one with another mining service -- bad idea.  Sign up with Blockchain.info or get your own Bitcoin client running.  You always want full access to your private key.    Also stay away from those nasty ones that like to round off your transaction amounts (ironically, the blockchain.info app for iPhone does this).  Bitcoin was intended to be precise to the nearest Satoshi, IMO.. Developers who want to round off these amounts are basically limiting themselves from taking advantage of the full use of Bitcoin and what it has to offer.

[stoner19]

Glad to see someone other than CEX.io out there. I just signed up for 15 Gh/s and and stoked about it. Can't wait to see my first payout next week. Feel free to use my referral link to register PBMining

[Nerazzura]

my giveaway bonus received
thanks pbmining for nice giveaway 

[poelling92]

I was wondering if anybody has received his easter giveaway/win yet?

Original thread is already locked, so I can't find any feedback

I emailed the info 2 days ago and still waiting for the 20GH/s easter giveaway/win .
Should I resend, or it takes so long and everybody has to wait 2+ days ?

There is a chance we missed you.  I will look for your PM again.

Problem resolved, seems the email I sent get lost. After I send PM today, the 20GH/s was added quickly. Thank you

[JWU42]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate? 

[byt411]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate? 

Absolutely no information on that, they refuse to tell us. These questions have been asked many times lol.
Sign up here! ->PBMining Signup

[JWU42]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate? 

Absolutely no information on that, they refuse to tell us. These questions have been asked many times lol.
Sign up here! ->PBMining Signup

I did try and scan the last 4-5 pages of the thread and didn't see anything.  Apologies for beating a dead horse 

Price is attractive but need more transparency for me to be a customer...

[byt411]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate? 

Absolutely no information on that, they refuse to tell us. These questions have been asked many times lol.
Sign up here! ->PBMining Signup

I did try and scan the last 4-5 pages of the thread and didn't see anything.  Apologies for beating a dead horse 

Price is attractive but need more transparency for me to be a customer...

I understand, lol. I just bought 2 GHs to test, but I agree that there should be more transparency. Funnily enough, the "mined" coins are mixed.

[ghur]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate?  

Absolutely no information on that, they refuse to tell us. These questions have been asked many times lol.
Sign up here! ->PBMining Signup

I did try and scan the last 4-5 pages of the thread and didn't see anything.  Apologies for beating a dead horse  

Price is attractive but need more transparency for me to be a customer...

Expect no transparency.

When asked reasonable questions regarding concerns of this being a ponzi scheme (for which there are several indications), their response was "contact law enforcement".
Which of course won't help much, as they hide their identity as well.

[Panteraswift]

Any chance of daily payments as an option in the future?

[jonsi]

Nice surprise. I won

[PBmining]

What pool does PB mine on?  Do we have any input on where hashrate is pointed? What proof is there of ownership of hashrate?  

Absolutely no information on that, they refuse to tell us. These questions have been asked many times lol.
Sign up here! ->PBMining Signup

I did try and scan the last 4-5 pages of the thread and didn't see anything.  Apologies for beating a dead horse  

Price is attractive but need more transparency for me to be a customer...

Expect no transparency.

When asked reasonable questions regarding concerns of this being a ponzi scheme (for which there are several indications), their response was "contact law enforcement".
Which of course won't help much, as they hide their identity as well.

You can't exactly have an eBay account with the # of sales we do without having identity revealed.  Paypal even requires identity verification.  Our identity WAS revealed to the public at one point, actually, and we ended up retracting our transparency due to some disturbing events which occured.  Our stance on the subject has not changed.  We stand strong to protect the identities of our employees and to protect this operation.  As we continue to heighten our security, we will gradually become more transparent again. 

[Meech]

Excited about the future with you and stay invisible.  Best wishes for the future.  MINE ON PB!