PB Mining -- 5 year mining contracts!

[leozzo]

Order Number    Total Price       Quantity          Order Date   Status   Options
1097704131239    0.03182024   6         04-05-2014   New     Cancel   Finalize

Transaction ID (BE): 483fa246784e3d7e5b606d22c74687ffa7fe0e8b24be92f36cd0560d148cea7d

Transaction Time: 2014-May-04 03:03pm

Transaction Amount: -0.03202024 BTC

Tx Fee Paid: 0.0002  BTC

Recipients: 1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

A wallet issue?

Please email admin@pbmining.com.  We have a support team very eager to help you!  . It does look like you sent it to an old address, but we can help you out with that.

PBMINING where do you mine BTC with your 300TH MINERS? Where are your block found? Please copy and paste your block, it's time to sponsor yourself or simply say the true

[Biomech]

Order Number    Total Price       Quantity          Order Date   Status   Options
1097704131239    0.03182024   6         04-05-2014   New     Cancel   Finalize

Transaction ID (BE): 483fa246784e3d7e5b606d22c74687ffa7fe0e8b24be92f36cd0560d148cea7d

Transaction Time: 2014-May-04 03:03pm

Transaction Amount: -0.03202024 BTC

Tx Fee Paid: 0.0002  BTC

Recipients: 1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

A wallet issue?

Please email admin@pbmining.com.  We have a support team very eager to help you!  . It does look like you sent it to an old address, but we can help you out with that.

PBMINING where do you mine BTC with your 300TH MINERS? Where are your block found? Please copy and paste your block, it's time to sponsor yourself or simply say the true

I know they mined at Eligius for a time. Not sure if they still do, nor would I reveal any info they gave me in private. I believe they hash at more than one place.

Now, this from here out is speculation on my part, but they have indicated to me that I'm on the right track. It's based on what I would do if I had the money to kickstart something like this.

One. Buy twice the hashpower you sell.

Two, reinvest every penny into more hash as it comes in.

Three, repeat one and two.

Doing it that way, for a while to build a large farm, guarantees the ability to pay out (mining twice as much in hashpower gives a fair margin to cover power, expansion, etc) Now, over time, you'd probably want to scale back the purchases to some extent, but they have likely not got there yet. Also, bear in mind that five years from the beginning of any contract, the hash reverts to PBmining, regardless of whether my model is correct. Given this, unless difficulty skyrockets, they would at the end of the five years, have a substantial farm going on, or a bunch of equipment to sell that was already paid for. Obsolete equipment at low cost is not a bad bargain for the second market anyway.

Is this sustainable? It depends on how well they buy equipment and how badly difficulty skyrockets. But we're already seeing equipment prices come down, and the vertical growth of the network has slowed substantially. It would take a HUGE amount of new equipment to even approach the 40 percent increases of a few months back, as the network is now so large! Basically, barring a breakthrough in either technology or programming, the network isn't going to go ballistic again for quite some time, if ever. If they were only aiming for the short term, I'd be more suspect of the whole thing. As it stands, I'm already in the black (due to referrals), and they have never done me any wrong. My only gripe, and it's so minor that it don't matter, is they are inconsistent about what time they pay out. Not what day, just what time. Makes calculation a bit difficult, but not so much that it matters. Frankly, since that's the only gripe I can really come up with now that they've added a text box to the order page, I don't think it's worth more than a quibble. These guys have been good to me, and the other piggies as well. If they screw up in the future, well that happens. I don't see them as a scam, and I do think they are trying to be the best cloud option there is. Give them time, they are new. I've yet to see a single complaint from actual customers, other than little quibbles like mine. Which they've addressed.

Now, some more of you click on my link, willya???

[oskuro]

Let me ask you something guys.

Antminer S1 costs 178 EUR at bitmain.

Ok, u buy it and u mine every month, and lets say for example u earn ~120 EUR /month, ~1440 EUR /year and u have to pay also POWER.

On the other hand, u can buy 180 GH/s on pbmining(0.0053 right now BTC / GHs.... 180 GH/s would be 297 EUR),  so in 1 year u earn with 180 gh/s on pbmining ~1668 EUR because u dont have to pay power. u payed 297 EUR for those 180 GH/s yeah but u get ROI and more...

So... how can this be that easy?.

I mean... yeah, u earn maybe 20 eur less than with S1 / month, BUT u dont have to pay for power...... what am i missing here??.

Thanks!

Anyone?

[locopao]

Let me ask you something guys.

Antminer S1 costs 178 EUR at bitmain.

Ok, u buy it and u mine every month, and lets say for example u earn ~120 EUR /month, ~1440 EUR /year and u have to pay also POWER.

On the other hand, u can buy 180 GH/s on pbmining(0.0053 right now BTC / GHs.... 180 GH/s would be 297 EUR),  so in 1 year u earn with 180 gh/s on pbmining ~1668 EUR because u dont have to pay power. u payed 297 EUR for those 180 GH/s yeah but u get ROI and more...

So... how can this be that easy?.

I mean... yeah, u earn maybe 20 eur less than with S1 / month, BUT u dont have to pay for power...... what am i missing here??.

Thanks!

Anyone?

Did you estimate the difficulty rise through all these months? If not, then your calculations may be totally wrong. Difficulty rises up every 12-15 days, so your earnings will be less about 10% - 15% every 12-15 days, if you don't buy more ghs power.

That is what i think

[5ick3uffalo]

Hi PBM ,

would be nice when the website would be optimized for mobile viewing.

Or even better ,a simple Android App maybe


ANYWAY; keep up the great work.

[vipgelsi]

Order Number    Total Price       Quantity          Order Date   Status   Options
1097704131239    0.03182024   6         04-05-2014   New     Cancel   Finalize

Transaction ID (BE): 483fa246784e3d7e5b606d22c74687ffa7fe0e8b24be92f36cd0560d148cea7d

Transaction Time: 2014-May-04 03:03pm

Transaction Amount: -0.03202024 BTC

Tx Fee Paid: 0.0002  BTC

Recipients: 1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

A wallet issue?

Please email admin@pbmining.com.  We have a support team very eager to help you!  . It does look like you sent it to an old address, but we can help you out with that.

PBMINING where do you mine BTC with your 300TH MINERS? Where are your block found? Please copy and paste your block, it's time to sponsor yourself or simply say the true

I know they mined at Eligius for a time. Not sure if they still do, nor would I reveal any info they gave me in private. I believe they hash at more than one place.

Now, this from here out is speculation on my part, but they have indicated to me that I'm on the right track. It's based on what I would do if I had the money to kickstart something like this.

One. Buy twice the hashpower you sell.

Two, reinvest every penny into more hash as it comes in.

Three, repeat one and two.

Doing it that way, for a while to build a large farm, guarantees the ability to pay out (mining twice as much in hashpower gives a fair margin to cover power, expansion, etc) Now, over time, you'd probably want to scale back the purchases to some extent, but they have likely not got there yet. Also, bear in mind that five years from the beginning of any contract, the hash reverts to PBmining, regardless of whether my model is correct. Given this, unless difficulty skyrockets, they would at the end of the five years, have a substantial farm going on, or a bunch of equipment to sell that was already paid for. Obsolete equipment at low cost is not a bad bargain for the second market anyway.

Is this sustainable? It depends on how well they buy equipment and how badly difficulty skyrockets. But we're already seeing equipment prices come down, and the vertical growth of the network has slowed substantially. It would take a HUGE amount of new equipment to even approach the 40 percent increases of a few months back, as the network is now so large! Basically, barring a breakthrough in either technology or programming, the network isn't going to go ballistic again for quite some time, if ever. If they were only aiming for the short term, I'd be more suspect of the whole thing. As it stands, I'm already in the black (due to referrals), and they have never done me any wrong. My only gripe, and it's so minor that it don't matter, is they are inconsistent about what time they pay out. Not what day, just what time. Makes calculation a bit difficult, but not so much that it matters. Frankly, since that's the only gripe I can really come up with now that they've added a text box to the order page, I don't think it's worth more than a quibble. These guys have been good to me, and the other piggies as well. If they screw up in the future, well that happens. I don't see them as a scam, and I do think they are trying to be the best cloud option there is. Give them time, they are new. I've yet to see a single complaint from actual customers, other than little quibbles like mine. Which they've addressed.

Now, some more of you click on my link, willya???

Thank you for this post.

[testerman]

Hi PBM ,

would be nice when the website would be optimized for mobile viewing.

Or even better ,a simple Android App maybe


ANYWAY; keep up the great work.

i also need that,

a good gui for android etc is very usefull

[Koko]

I'm really liking pbmining right now, hope I won't miss the next contest.

[Meech]

Hi PBM ,

would be nice when the website would be optimized for mobile viewing.

Or even better ,a simple Android App maybe


ANYWAY; keep up the great work.

Yes, would like to check while at work - they said they were looking to do this.

[BitBoy900]

Order Number    Total Price       Quantity          Order Date   Status   Options
1097704131239    0.03182024   6         04-05-2014   New     Cancel   Finalize

Transaction ID (BE): 483fa246784e3d7e5b606d22c74687ffa7fe0e8b24be92f36cd0560d148cea7d

Transaction Time: 2014-May-04 03:03pm

Transaction Amount: -0.03202024 BTC

Tx Fee Paid: 0.0002  BTC

Recipients: 1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

A wallet issue?

Please email admin@pbmining.com.  We have a support team very eager to help you!  . It does look like you sent it to an old address, but we can help you out with that.

PBMINING where do you mine BTC with your 300TH MINERS? Where are your block found? Please copy and paste your block, it's time to sponsor yourself or simply say the true

Buy or don't buy. It's plenty of people like me that's been mining through PB for a few months now.
Go on the site and see the payouts or just ask the members about their payouts. If you're scared don't
invest. All I can say as someone who's been a member of PB since March buy a small contract and test
it, if you don't trust it. Or just don't buy. Why would I care who or how they're mining when I'm getting
paid my payouts on time?

[oskuro]

Order Number    Total Price       Quantity          Order Date   Status   Options
1097704131239    0.03182024   6         04-05-2014   New     Cancel   Finalize

Transaction ID (BE): 483fa246784e3d7e5b606d22c74687ffa7fe0e8b24be92f36cd0560d148cea7d

Transaction Time: 2014-May-04 03:03pm

Transaction Amount: -0.03202024 BTC

Tx Fee Paid: 0.0002  BTC

Recipients: 1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

A wallet issue?

Please email admin@pbmining.com.  We have a support team very eager to help you!  . It does look like you sent it to an old address, but we can help you out with that.

PBMINING where do you mine BTC with your 300TH MINERS? Where are your block found? Please copy and paste your block, it's time to sponsor yourself or simply say the true

Buy or don't buy. It's plenty of people like me that's been mining through PB for a few months now.
Go on the site and see the payouts or just ask the members about their payouts. If you're scared don't
invest. All I can say as someone who's been a member of PB since March buy a small contract and test
it, if you don't trust it. Or just don't buy. Why would I care who or how they're mining when I'm getting
paid my payouts on time?

+1

[crazyjack]

i am a member since january and still havent reached ROI.....yes, i havent reinvested my earning but still...just to let you know guys...

[byt411]

Can I suggest something?
Can we have automatic password changes? It really doesn't feel good sending your password through email for someone to change it...

[PilotofBTC]

i am a member since january and still havent reached ROI.....yes, i havent reinvested my earning but still...just to let you know guys...

I'm curious. If you buy X amount of GHs. What is the break even time frame assuming you don't reinvest?

Also, does that say proportional? In other words, if I buy 10 vs 1000 is the break even time frame the same.

Do the earnings go down through the life of the contract as the hash difficulty rises?

[jseppeli]

i am a member since january and still havent reached ROI.....yes, i havent reinvested my earning but still...just to let you know guys...

I'm curious. If you buy X amount of GHs. What is the break even time frame assuming you don't reinvest?

Also, does that say proportional? In other words, if I buy 10 vs 1000 is the break even time frame the same.

Do the earnings go down through the life of the contract as the hash difficulty rises?

break even depends on future diff changes
there is no difference if you buy 10GHs or 1000GHs, the break even is the same
earnings do go down every time difficulty rises

[Bagus23]

i am a member since january and still havent reached ROI.....yes, i havent reinvested my earning but still...just to let you know guys...

I'm curious. If you buy X amount of GHs. What is the break even time frame assuming you don't reinvest?

Also, does that say proportional? In other words, if I buy 10 vs 1000 is the break even time frame the same.

Do the earnings go down through the life of the contract as the hash difficulty rises?

break even depends on future diff changes
there is no difference if you buy 10GHs or 1000GHs, the break even is the same
earnings do go down every time difficulty rises

+1

simple to the point.. good answer sir !

[t3xasdolly]

I'm curious. If you buy X amount of GHs. What is the break even time frame assuming you don't reinvest?

No one know because we dont know future difficulty.

From half year for very optimistic prediction to never for pessimistic prediction

[jamieb81]

I'm curious. If you buy X amount of GHs. What is the break even time frame assuming you don't reinvest?

No one know because we dont know future difficulty.

From half year for very optimistic prediction to never for pessimistic prediction

I think diff could go down.

we are seeing a massive rush on big asic scrypt miners, so alot of BTC miners are going to go that way as it's more profitable.

so it could be that less people will mine BTC and that diff goes down or less high

[minerbobbert]

Little late to the party, but pbmining said:

"I will repeat this again, our priority is taking care of our customers, not gaining new sign-ups."

This doesn't mesh with their practice. If they aren't focused on new customers, why bother paying out referral bonuses and advertising?

[PBmining]

Little late to the party, but pbmining said:

"I will repeat this again, our priority is taking care of our customers, not gaining new sign-ups."

This doesn't mesh with their practice. If they aren't focused on new customers, why bother paying out referral bonuses and advertising?

We never said "We are not going to accept new customers, so we are going to shut down our referral program".  We simply said it is not our top priority.  Our customer service is #1 over anything.