PB Mining -- 5 year mining contracts!

[omega_man_13]

My problem was finally resolved, continuing to mine.

 I've been trying to reach you guys over this. I have been very happy with your mining service so far, otherwise.

Thank you for replying,

Customer #: 20222

KEEP ON MINING! 

[bennynjetz]

It's great to see so many happy PB mining customers here! I have been mining with them for a good while, and I haven't had a single issue yet. Payouts are always on time and customer service is lightning fast and always friendly. After some very high electricity bills thanks to my home mining farm, I decided to sell my miners and flip all my hash rate over to PB. The payouts are exactly the same as my mining farm efforts and now I don't have to worry about the expensive electric bill. No maintenance fees and no electric bill = MORE BTC! Can't say enough great things about PB

BTW, the 10% referral bonus is another great feature. If you are interested, please use my ref link which I proudly put here: http://bit.ly/1u5pCJz

[Biomech]

To the gentleman or lady who over the last few days has bought a fairly significant amount of hash under my ref link, THANK YOU!

I was told it was bad form to post customer numbers, but you know who you are even if I don't

pbmining still going great for me, two asic machines have failed. (though my gridseed continues to be a beast!)

[Biomech]

Paid!

EDIT: And first for once

[petahashminer]

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

[Biomech]

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

Just a guess here, but the payout seemed earlier to me. That could be it.

[dimiro]

Payment Received

[fiddelingones]

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

Just a guess here, but the payout seemed earlier to me. That could be it.

This, plus there was difficulty increase last week, so part of the last week mining was with lower difficulty (thus higher last week payout)

[okae]

Payment Received as always, ty!!

[galdur]

Paid like clockwork as usual.

[vipgelsi]

Paid thanks.

[Angelina Jolie]

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

[petahashminer]

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

aT THIS DIfficulty level,

1000 GHS pays, 0.08889 BTC in a week..


check it out that site

https://bitcoinwisdom.com/bitcoin/difficulty

[ajw7989]

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

aT THIS DIfficulty level,

1000 GHS pays, 0.08889 BTC in a week..


check it out that site

https://bitcoinwisdom.com/bitcoin/difficulty

1TH is not really anything to sneeze at anymore which is sad since it was a huge amount at the beginning of the year. The price at Pbmining looks decent for now based on the way difficulty has been going (pretty steady) should make ROI possible although the amount of days is hard to tell

[petahashminer]

Hi PBMining Admin,

There has been a 7.5% cut in rewards in global page in all users statistics since last payout..

According to https://bitcoinwisdom.com/bitcoin/difficulty  ;

1000 GHS has to pay 0.0127 BTC in 24 hours, also you can also calculate this with this formula too, 1000 GHS/DAY = (24*1000)*1000000000*3600*25/(D*2^32) = 0.0127 BTC/day where D is the current difficulty which is 39603666252 right at the moment. But since yesterday, it is paying 0.0117 BTC/24hours ..which is a reduction of 7.5% .


You always say that, there is no recurring costs, there is no fees, there is no any other fees applied to these contracts, and you always say in your website front page and in this forum that you are willing to pay full payment even if there will be downtime too. and users made these contracts with these circumstances.

So, what is the reason of this huge cut?


i hope this problem is caused by a miscalculation in the system and will be fixed soon.

[Flep182]

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

[raskul]

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

[Flep182]

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

Ah, I was under the impression it was based on actual miningresults

[Anyayakubu]

You are see a lesser payment from the week before because the week before the difficulty changed in the middle of the week.  This past week is a full week at the current difficulty.  This week the difficulty will also change mid week.  This is quite common here. No big mystery to it.

[raskul]

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

Ah, I was under the impression it was based on actual miningresults

i've been away for a while but as of yet, i don't know if there has been any proof of any mining whatsoever by pbmining. following the payout tx's never leads to a coinbase transaction and pbmining has refused to offer any other physical proof. this is why i stopped buying contracts months ago - I have however, returned a profit as I was an early investor so every payout i receive is now pure profit (albeit small payouts now ~0.04btc per week these days)

i'm pretty sure the payouts are still based on their own calculations, and not coinbase rewards. please feel free to correct me if i'm wrong, as I said, i've been away working for some time.