PB Mining -- 5 year mining contracts!

[jimmothy]

-snip-
PBMining's whole schtick was that you would get 100% PPS equivalent for your hashrate, no fees or costs. Network luck should have no bearing on it.

For a real miner, this is impossible. If they satisfy this demand of yours, u can be 110% sure that they are Ponzi.

Do you see now why people think pbmining is a ponzi?

I see you're advertising cloudmining.website which also has zero fees/variance.

[MrTeal]

-snip-
PBMining's whole schtick was that you would get 100% PPS equivalent for your hashrate, no fees or costs. Network luck should have no bearing on it.

For a real miner, this is impossible. If they satisfy this demand of yours, u can be 110% sure that they are Ponzi.

Of course it's impossible, but it's what they promised when they sold the contracts.

1. Of course we are hashing, otherwise we would be paying our users out of our own pockets and that would eventually make us bankrupt.  We are here to succeed and have paid out our customers on time since our launch.
 
2. There are no mining pool fees to the customer.  We cover our own mining fees from our pool workers which the customer will never have to see.

Instead, the customer is payed based on this fixed formula, taken right from our PHP script:

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

This formula is standard with all Bitcoin Profit Calculators.  Our users do not mine directly with our hardware -- the advantage of this is that we are capable of insuring them during any downtime or performance reductions.  PB Mining guarantees a fixed rate of hash power at 100% efficiency -- a luxury you will not find anywhere else. 

Enough time will pass to the point where the Blockchain ledger speaks for itself when you look at all our happy piggies.   

We are also the first company to give away free hash power. 

Can you break this calculation down?

[PBmining]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  Customers who bought contracts that early have made more than their ROI back.   If any of these customers who bought those formula dependent contracts feel that they have been somehow ripped off and/or have not exceeded their principal, please e-mail support and we will make sure you are taken care of.  At the moment we are paying out exactly what we are making, and this is why it's called "Piggyback mining".  A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources. 

Despite what the trolls will tell you, we remain very competitive and will continue serving our customers until all contracts have expired.  Again, if anyone feels that they have been excluded in any way from our service, please contact us and we will look at everyone on a case by case basis.  We don't want any sad piggies. 

Yes, this account is online quite a bit but it is to answer support requests.  It has not been active in this specific thread due to an influx of butchers.  A butcher is similar to a troll, but they are here to specifically slaughter the piggies.  Don't worry, piggies.  We will prevail.

[Mabsark]

A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources. 

Where exactly is this introduction page with this vital information? I can't see it on your website and it's not in the initial post in this thread. So where exactly can this information be found?

[PBmining]

A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources. 

Where exactly is this introduction page with this vital information? I can't see it on your website and it's not in the initial post in this thread. So where exactly can this information be found?

Please direct your browser to www.pbmining.com.
"We purchase our own ASIC hardware as well as hash power from other sources. When you buy a contract with us, you will begin earning Bitcoins instantly."

[PBmining]

Also...
Although we are backlogged with support requests, an enormous effort will be dedicated in the following days to catching up.  When you make a support request, please give full details (eg. Transaction ID if the request is about an order, or new e-mail address if you wanting to change that, etc.)

[newIndia]

Also...
Although we are backlogged with support requests, an enormous effort will be dedicated in the following days to catching up.  When you make a support request, please give full details (eg. Transaction ID if the request is about an order, or new e-mail address if you wanting to change that, etc.)

What are the information u need, if withdrawal address change is requested ?

[RussianRaibow]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  Customers who bought contracts that early have made more than their ROI back.   If any of these customers who bought those formula dependent contracts feel that they have been somehow ripped off and/or have not exceeded their principal, please e-mail support and we will make sure you are taken care of.  At the moment we are paying out exactly what we are making, and this is why it's called "Piggyback mining".  A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources.  

Despite what the trolls will tell you, we remain very competitive and will continue serving our customers until all contracts have expired.  Again, if anyone feels that they have been excluded in any way from our service, please contact us and we will look at everyone on a case by case basis.  We don't want any sad piggies.  

Yes, this account is online quite a bit but it is to answer support requests.  It has not been active in this specific thread due to an influx of butchers.  A butcher is similar to a troll, but they are here to specifically slaughter the piggies.  Don't worry, piggies.  We will prevail.

I'd have been happier, if u specifically mentioned that these butchers are fed by Chinese cartel formed by ASIC miner, RockMiner, ZeusMiner and XBTec. This group is led by Panamian cheat fund HaveLock Investments to troll every cloud mining thread.

In case if u r unaware about this group, check: https://www.cryptocoinsnews.com/zeusminer-expands-partnerships-include-asicminer-xbtec-rockminer/

[galdur]

Also...
Although we are backlogged with support requests, an enormous effort will be dedicated in the following days to catching up.  When you make a support request, please give full details (eg. Transaction ID if the request is about an order, or new e-mail address if you wanting to change that, etc.)

What are the information u need, if withdrawal address change is requested ?

It´s on the profile page

Payout Address: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx change

Click change.

[galdur]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  Customers who bought contracts that early have made more than their ROI back.   If any of these customers who bought those formula dependent contracts feel that they have been somehow ripped off and/or have not exceeded their principal, please e-mail support and we will make sure you are taken care of.  At the moment we are paying out exactly what we are making, and this is why it's called "Piggyback mining".  A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources.  

Despite what the trolls will tell you, we remain very competitive and will continue serving our customers until all contracts have expired.  Again, if anyone feels that they have been excluded in any way from our service, please contact us and we will look at everyone on a case by case basis.  We don't want any sad piggies.  

Yes, this account is online quite a bit but it is to answer support requests.  It has not been active in this specific thread due to an influx of butchers.  A butcher is similar to a troll, but they are here to specifically slaughter the piggies.  Don't worry, piggies.  We will prevail.

I'd have been happier, if u specifically mentioned that these butchers are fed by Chinese cartel formed by ASIC miner, RockMiner, ZeusMiner and XBTec. This group is led by Panamian cheat fund HaveLock Investments to troll every cloud mining thread.

In case if u r unaware about this group, check: https://www.cryptocoinsnews.com/zeusminer-expands-partnerships-include-asicminer-xbtec-rockminer/

The crap on Havelock yields 800 satoshi per GHS/day vs. 1090 at PBM

which explains why they needed to hire totally psychotic nutjobs

to push it.  

[Mabsark]

Please direct your browser to www.pbmining.com.
"We purchase our own ASIC hardware as well as hash power from other sources. When you buy a contract with us, you will begin earning Bitcoins instantly."

I want to know how you calculate payouts. The website mentions nothing about that. Why should I buy 1 Gh/s from you when the payout can be anything you say it is?

[PBmining]

Also...
Although we are backlogged with support requests, an enormous effort will be dedicated in the following days to catching up.  When you make a support request, please give full details (eg. Transaction ID if the request is about an order, or new e-mail address if you wanting to change that, etc.)

What are the information u need, if withdrawal address change is requested ?

newIndia, have you tried changing this yourself from the profile page?  Our new feature allows you to do that, although it does take a couple days for us to validate the change.  If for some reason your e-mail provider is blocking you from communicating with our automatic validation process, please e-mail admin@pbmining with the following information:

Old Address: _____________
New Address: _____________

Make sure you request this change from the same e-mail you are registered with in our system, otherwise we will not trust the request.

[PBmining]

Please direct your browser to www.pbmining.com.
"We purchase our own ASIC hardware as well as hash power from other sources. When you buy a contract with us, you will begin earning Bitcoins instantly."

I want to know how you calculate payouts. The website mentions nothing about that. Why should I buy 1 Gh/s from you when the payout can be anything you say it is?

If you are not comfortable with our lack of full transparency, please don't buy a contract. 

[PBmining]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  Customers who bought contracts that early have made more than their ROI back.   If any of these customers who bought those formula dependent contracts feel that they have been somehow ripped off and/or have not exceeded their principal, please e-mail support and we will make sure you are taken care of.  At the moment we are paying out exactly what we are making, and this is why it's called "Piggyback mining".  A good portion of our hash power in the recent months have come from other mining sources, as clearly indicated on our introduction page which we updated many months ago.  We simply pay out what we receive from all combined sources.  

Despite what the trolls will tell you, we remain very competitive and will continue serving our customers until all contracts have expired.  Again, if anyone feels that they have been excluded in any way from our service, please contact us and we will look at everyone on a case by case basis.  We don't want any sad piggies.  

Yes, this account is online quite a bit but it is to answer support requests.  It has not been active in this specific thread due to an influx of butchers.  A butcher is similar to a troll, but they are here to specifically slaughter the piggies.  Don't worry, piggies.  We will prevail.

I'd have been happier, if u specifically mentioned that these butchers are fed by Chinese cartel formed by ASIC miner, RockMiner, ZeusMiner and XBTec. This group is led by Panamian cheat fund HaveLock Investments to troll every cloud mining thread.

In case if u r unaware about this group, check: https://www.cryptocoinsnews.com/zeusminer-expands-partnerships-include-asicminer-xbtec-rockminer/

The crap on Havelock yields 800 satoshi per GHS/day vs. 1090 at PBM

which explains why they needed to hire totally psychotic nutjobs

to push it.  

Havelock is registered in Belize.  Therefore, their legal responsibility is much smaller than ours.  Just something to keep in mind.

[raskul]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors. 

You initially gave a calculation in a PPS method as to how your customers will be paid. This was a good move as it persuades customers that earnings may indeed be made on a PPS algorithm and there is a possibility that you are mining.

To then simply delete the post without notice to your customers, is rather deceitful is it not?
As a customer, I had presumed payouts were still as-per that PPS calculation.
You should have advised the new calculation, instead of leaving us to notice payments were being reduced.

You will have to go a long way from here to convince those of us who - you must admit to yourself - have every right to be dubious about your practices.
I'm not yet convinced in any way that you are actually mining anything by these remarks.

[galdur]

I think it´s Panama actually.

[PBmining]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  

You initially gave a calculation in a PPS method as to how your customers will be paid. This was a good move as it persuades customers that earnings may indeed be made on a PPS algorithm and there is a possibility that you are mining.

To then simply delete the post without notice to your customers, is rather deceitful is it not?
As a customer, I had presumed payouts were still as-per that PPS calculation.
You should have advised the new calculation, instead of leaving us to notice payments were being reduced.

You will have to go a long way from here to convince those of us who - you must admit to yourself - have every right to be dubious about your practices.
I'm not yet convinced in any way that you are actually mining anything by these remarks.

I will state this one more time.  If you are one of the customers who read this formula while it was still posted in the forums at that time which resulted in you buying a contract, please e-mail our support and we will make sure you are compensated for any losses you feel that you endured.  

[raskul]

$per24 = ($totalHashingPower * 25 / $difficulty) * (60 * 60 * 24 * 65535 * pow(10,6) / pow(2,48));

That is quoted from January, and was deleted after, as we changed our formula to include other factors.  

You initially gave a calculation in a PPS method as to how your customers will be paid. This was a good move as it persuades customers that earnings may indeed be made on a PPS algorithm and there is a possibility that you are mining.

To then simply delete the post without notice to your customers, is rather deceitful is it not?
As a customer, I had presumed payouts were still as-per that PPS calculation.
You should have advised the new calculation, instead of leaving us to notice payments were being reduced.

You will have to go a long way from here to convince those of us who - you must admit to yourself - have every right to be dubious about your practices.
I'm not yet convinced in any way that you are actually mining anything by these remarks.

I will state this one more time.  If you are one of the customers who read this formula while it was still posted in the forums at that time which resulted in you buying a contract, please e-mail our support and we will make sure you are compensated for any losses you feel that you endured.  

I don't mind being open and transparent.

i am customer #51.

your turn to be open and transparent.

[Mabsark]

If you are not comfortable with our lack of full transparency, please don't buy a contract. 

Why do you refuse to share this information with potential customers? This is vital information required to assess the profitability of the service.  Potential customers have no way of knowing whether to expect 1 Satoshi or 1000 Satoshis per Gh/s.

I'm not comfortable with that at all and most certainly will not be buying any contracts from you.

[PBmining]

If you are not comfortable with our lack of full transparency, please don't buy a contract. 

I'm not comfortable with that at all and most certainly will not be buying any contracts from you.

That is fine.  Perhaps https://www.havelockinvestments.com is your cup of tea. 
Good luck.