PB Mining -- 5 year mining contracts!

[RavenXBR]

I'm with PBMining for 24 weeks now and the payment is "religious" correct every single week.

I started 2014.03.10 and had break even at 2014.08.03.
This week I got 1,84% profit from my initial investment.

Just showing some real experience for those willing to use PBMining services.

[litro02]

I'm with PBMining for 24 weeks now and the payment is "religious" correct every single week.

I started 2014.03.10 and had break even at 2014.08.03.
This week I got 1,84% profit from my initial investment.

Just showing some real experience for those willing to use PBMining services.

congrats!  Pbmining is great!

[PilotofBTC]

Saw that the price per GH/s went up to 0.0031 BTC today, any reason it went up?

I think it is because of the increase in equipment and electricity cost at their end. By the way, does anyone know where PBmining hardware are actually located or they mine across the globe by renting different mining infrastructure ?

It could be due to the decrease in the USD value of Bitcoin. As much as people here have said you shouldn't calculate your ROI in $, the truth is, mining equipment is priced in US$. Even though you can perhaps use BTC to buy their equipment the BTC price of a miner will be different if BTC is $490 vs BTC at $610.

[AC~DC]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

If buying a hanfull of GH/s only maybe it does not matter. Or does it ?

Just my personal opinion but, they may have other reasons (that does not fit the end user) to go that route.

Regards

[Minnlo]

Saw that the price per GH/s went up to 0.0031 BTC today, any reason it went up?

I think it is because of the increase in equipment and electricity cost at their end. By the way, does anyone know where PBmining hardware are actually located or they mine across the globe by renting different mining infrastructure ?

IIRC, the price was 0.0027 btc per GH/s before the increase.
Difficulty went up 20% and the hashrate price went up from 0.0027 to 0.0031 (14.8% increase)...

[jseppeli]

Saw that the price per GH/s went up to 0.0031 BTC today, any reason it went up?

I think it is because of the increase in equipment and electricity cost at their end. By the way, does anyone know where PBmining hardware are actually located or they mine across the globe by renting different mining infrastructure ?

IIRC, the price was 0.0027 btc per GH/s before the increase.
Difficulty went up 20% and the hashrate price went up from 0.0027 to 0.0031 (14.8% increase)...

BTC value has gone down ~14% in two weeks. pbmining gets paid in BTC but most probably has to pay for hardware either directly in USD or by USD/BTC value.

so I think that the increase in price is just due to that BTC/USD value has gone downwards and that has caused a increase in costs totally. most if not all costs for hardware and facilities are paid in USD so if BTC value keeps decreasing we're probably going to see even more increases in price.

[rodeoclownicp]

there is a huge difference between a contract from 6 months ago and now.... it has been one dificulty rise after another not kept in pace with price declines.... so what i am saying is this.. with current pricing trends (even before the price increase) u could re invest every payout ever and the end game would be you would wind up with nothing one day...never gettting a single cent.. so investing at this time makes no sense... if your new dont use  1 month calculators to figure profitability use

https://bitcoinwisdom.com/bitcoin/calculator

roi aint happening

 

[Netwerked]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

[MrPiggles]

Price has probably gone up because theres so much bad press about it being a ponzi and they're close to collapsing.

Ponzis collapse pretty fast when they don't get any new investments, hence the need for more money.

[Netwerked]

Price has probably gone up because theres so much bad press about it being a ponzi and they're close to collapsing.

Ponzis collapse pretty fast when they don't get any new investments, hence the need for more money.

The goal of a ponzi is to keep new investments flowing in.  It would be bad for a ponzi to raise prices, since it could further slow the inflow of new money.  Typically when a Bitcoin-based ponzi gets in trouble, they announce that they've received a threat of harm or blackmail, and then disappear as opposed to raising prices.

In any case, difficulty is rising rapidly, which means that payouts are falling rapidly.  A ponzi selling contracts today at 0.0027/GHs could still make all promised payments on those contracts, pay the positive ROI on earlier contracts, and likely pocket some of the money.

[rodeoclownicp]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a  larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

[byt411]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a  larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

Good. That's correct , if it doesn't look good, simply don't invest in it.
PBMining is forced to increase the price because they have to. You can't just expect profit for yourself, no one would run a business that loses money. While we'd like to earn, PBMining needs to earn too.
Please stop insulting people. It's meaningless and getting quite annoying.

[BitCoinDream]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a  larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

Good. That's correct , if it doesn't look good, simply don't invest in it.
PBMining is forced to increase the price because they have to. You can't just expect profit for yourself, no one would run a business that loses money. While we'd like to earn, PBMining needs to earn too.
Please stop insulting people. It's meaningless and getting quite annoying.

OMG !!! Did u read what he said at all ? He said that U r an idiot and U said that's correct ?

[MrPiggles]

OMG !!! Did u read what he said at all ? He said that U r an idiot and U said that's correct ?

we already established already that the only people are investing are Bryan and his acolytes, all of whom are idiots, so yeah.

[BitCoinDream]

OMG !!! Did u read what he said at all ? He said that U r an idiot and U said that's correct ?

we already established already that the only people are investing are Bryan and his acolytes, all of whom are idiots, so yeah.

Who is Bryan ? Does he have anything to do with AnxPro ? Because, as I can see, the other person posted here is associated with this exchange.

[Netwerked]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a  larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

My point is that it is good from holistic point of view.  It throws points in favor of pbmining not being a ponzi in my opinion.

With that being said, I think we already established that customers are not going to break even at the old or new price.  The price going up is good, because it further discourages people from buying contracts.

[testerman]

i think, we , kindly need an explanation from pbmining admin about the ghs price went up.

[apsvinet]

Price has probably gone up because theres so much bad press about it being a ponzi and they're close to collapsing.

Ponzis collapse pretty fast when they don't get any new investments, hence the need for more money.

Doesn't make any sense, if they wanted people to invest they wouldn't increase the prices, that makes it even worse.

[rodeoclownicp]

I enjoy using PBMining and no complains here so far.

However, I personaly think increasing prices is the wrong move while ANTMINER S3+ -B8 price is going down and a competitor sells for 0.0026 GH/s. ( 50 min. )

I see the price increase to 0.0031 as a good thing for several reasons:

1. The value of BTC has gone down relative to fiat currencies.  While the cost per contract still went up, we may be paying less if we think of the fiat price.

2. Even though we buy contracts with BTC, they do have expenses based in fiat currency.

3. It shows that pbmining is paying attention to the cost of carrying a new contract, and that the price is not some imaginary/arbitrary number.  They recently ran out of GH capacity.  Adding the recent capacity must have cost more BTC.

4. It slows the rate of issuance of new contracts, which may not break even.  Unless future difficulty increases become milder, you would probably not break even at the old or new prices.

no its not a ponzi but you are a plant or stupid.... the only thing that matters from the buyer is roi... why would you say something so stupid... roi is almost gone or just ended now... u cant increase the price of gh and get a profit... if difficulty increases 20% prices have to drop 20% just to stay the same-thats not even improving . so from going 6 months back if the difficulty increases were always higher than the price drops(and they were) things have only gotten worse for 6 months straight profits on pb have gone down-down down down- and only down, you cant even get a calculator to say you will break even- YOU WONT BREAK EVEN- now that the the value of btc has declined things are even worse.....pb has said over and over "the conversion doesnt matter", him and that idiot byt411, and now you,the plant, say its good-on what fu#king planet? the only thing a value dip in btc is good for is to convert fiat to btc to buy some gh and that works only if btc is going right back up, it could offset some of the profit loss..... i wish pb would open up the books so we could play a  larger role in managing our investments- this may have grown to big for him.... try putting in 5000gh in 2 years its worth less than 1$.... again if u took every btc u had and just bought more gh with it one day you would just have nothing, thats not investing,...investing is supposed to be you reinvest and profits increase....so if it doesnt look good dont buy it nobody can make you

Good. That's correct , if it doesn't look good, simply don't invest in it.
PBMining is forced to increase the price because they have to. You can't just expect profit for yourself, no one would run a business that loses money. While we'd like to earn, PBMining needs to earn too.
Please stop insulting people. It's meaningless and getting quite annoying.

byt411 stay the fu#k out of it...i already know how stupid you are and that you are a cry-baby... yes we can expect profit-that is 100% of what we can expect- there is nothing else to expect you dumb ass- when u see my post  dont reply again i already know how stupid your opinions are here is a good example- oyu say give btc to somebody so they can have profits by investing your btc that you wont get profits with ----idiot

[PilotofBTC]

Price has probably gone up because theres so much bad press about it being a ponzi and they're close to collapsing.

Ponzis collapse pretty fast when they don't get any new investments, hence the need for more money.

Doesn't make any sense, if they wanted people to invest they wouldn't increase the prices, that makes it even worse.

It's not an investment vehicle for them. They are providing a service of re-selling hashing power for a profit. I expect their prices don't care about ROI at all. They set their price based on their HASH rate and hosting costs. I'm actually surprised they change the price based on difficulty. Since I'm not sure what that has to do with the cost of buying/running the devices. If anything makes me suspicious of whether they are actually hashing, it is that.