PB Mining -- 5 year mining contracts!

[galdur]

Maybe the guy has something in the works to get

this going again. At least he has surfaced here today

and the meter is running, albeit at a snail´s pace for

now. More information must be forthcoming soon.

How big is this adventure anyway in the whole ?

Hundreds of thousands ? millions ?

[MrTeal]

Maybe the guy has something in the works to get

this going again. At least he has surfaced here today

and the meter is running, albeit at a snail´s pace for

now. More information must be forthcoming soon.

How big is this adventure anyway in the whole ?

Hundreds of thousands ? millions ?

He's taken in millions. How much he has left is unknown, but it's at least a half million in liquid BTC.

[galdur]

He´ll have to cough up what he can and distribute

it among the stakeholders if this isn´t going to

continue mining at an acceptable rate.

[rooster2000bka]

I checked it appears that the number of Bitcoin received on a day down about 10 times the data on the site calculated based on GHS! I want an explanation from you to the problem.
26-06-2014   228    0.00028644     0.01604863
06-12-2014 22:51:01
I feel very sad to have to trust and use your services!

[galdur]

26-06-2014   228    0.00028644     0.01604863 06-12-2014 22:51:01

This is what, 2.5 GHS ?

It isn´t my service. I´m just another wanker with a stake here.

[5ick3uffalo]

26-06-2014   228    0.00028644     0.01604863 06-12-2014 22:51:01

This is what, 2.5 GHS ?

It isn´t my service. I´m just another wanker with a stake here.

Looks like 228 GHS

[galdur]

Ah yes, I´m  half asleep.

[galdur]

So, it´s what 200 satoshi/gh/day now.

That´s bloody skimming no way around that.

[rooster2000bka]

Looks like 228 GHS
[/quote]
My contract is 228 GHS, from last payout to now about 16 - 18 hour only show 0.00028644 BTC

[MichaelNZ]

I have 4500 GH/s and my current balance is 0.00576576 which is around 1/10 or 10% of where I would expect for a full day.

BUT ... I'm still prepared to give them the benefit of the doubt until I hear from them that I should be worried.

All I've seen so far is a load of hotheaded reaction and conclusions leapt to without any solid evidence.

Let PBM come to the table and explain to us what is actually going on.

[btcminer84]

Maybe the guy has something in the works to get

this going again. At least he has surfaced here today

and the meter is running, albeit at a snail´s pace for

...

Why

do

you

need

to

write

every

sentence

in

a

seperate

line

which

is

broken

by

a

blank

line

after

each

second

word

?

[MrTeal]

Why ...

Lack of sleep, maybe? It's 4 in the morning.

[galdur]

I like it that way. Think it´s more readable.

Narrow columns, like a newspaper. Tried and

trusted model for like forever. if it gets on

someone´s nerves, well fuck them.

[5ick3uffalo]

3130 GHS mined 0.004 BTC until now? Can´t be true....

more like 0.04BTC, Payouts 10 times lower  ?

[Syke]

Let PBM come to the table and explain to us what is actually going on.

They already explained. They didn't like paying out the old rate, so they cut everyone's payouts.

Assume the position... https://www.youtube.com/watch?v=qdFLPn30dvQ

[btcminer84]

3130 GHS mined 0.004 BTC until now? Can´t be true....

more like 0.04BTC

Me too: 1250 GHS mined 0.0016 BTC until now (1 day) instead of 0.01576946 BTC

PBMining is totally scam right now. I think they have skimmed again and add a 0 too much in there admin panel.

[galdur]

3130 GHS mined 0.004 BTC until now? Can´t be true....

more like 0.04BTC

Me too: 1250 GHS mined 0.0016 BTC until now (1 day) instead of 0.01576946 BTC

PBMining is totally scam right now. I think they have skimmed again and add a 0 too much in there admin panel.

I think 200 or thereabouts allows them to keep this thing going.

[Mabsark]

I have 4500 GH/s and my current balance is 0.00576576 which is around 1/10 or 10% of where I would expect for a full day.

BUT ... I'm still prepared to give them the benefit of the doubt until I hear from them that I should be worried.

All I've seen so far is a load of hotheaded reaction and conclusions leapt to without any solid evidence.

Let PBM come to the table and explain to us what is actually going on.

We know what's going on, they're running a ponzi. That's why they flat-out refuse to provide any evidence of legitimacy.

Read up on Bitcoin Difficulty Derivative (BDD) and you will learn how to operate a cloud mining service without needing actual miners. This is why it is absolutely essential for cloud mining operators to provide evidence of their legitimacy.

BDD basically has 2 components, MINE and SELL. SELL has always been vastly more profitable (B.MINE=71.87% vs B.SELL=874.51% yield on Havelock) due to the size of the difficulty increases. Now, imagine running a service like that and keeping the SELL component for yourself and only allowing people to purchase the MINE component. That is essentially how you run a cloud mining ponzi.

Cloud mining ponzis like that will collapse once the difficulty increases drop below a certain threshold. With the recent low difficulty increases, some of the ponzi schemes may not have paid out as much as expected due to the above.

It's obvious what's going on, people just don't want to believe it though.

[btcminer84]

PBmining.com is "Powered By: giBoard"?
If I google that, I found another website domain called pbminer.com, which is suspended by their hoster.
It seems the GI.Board script is from garrett-innovations.com

So PBMining.com is another DMS?
What is DMS >>> http://cryptocoinblog.com/understanding-dms

Is PBMining.com just adding all our funds to Havelock (http://www.havelockinvestments.com)

[5ick3uffalo]

Let PBM come to the table and explain to us what is actually going on.

They already explained. They didn't like paying out the old rate, so they cut everyone's payouts.

Assume the position... https://www.youtube.com/watch?v=qdFLPn30dvQ

Where they explained that the payouts 10(!)  times lower now?