Is cloud mining with PBmining.com profitable ???

[eid]

I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.

A ponzi, by definition, is unsustainable. It only lasts as long as new investments come in.

https://en.wikipedia.org/wiki/Ponzi_scheme

Hey, you know, as bitcoin difficulty rises, payouts will go down. The funds from the bought contracts can be then paid out. So it will last more and more.

If the expected payout is reduced, so then will be the money coming in from new investors, so it makes no difference.

And even if they don't have that many TH/s, they should at least have some.

I have no idea

[byt411]

I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.

A ponzi, by definition, is unsustainable. It only lasts as long as new investments come in.

https://en.wikipedia.org/wiki/Ponzi_scheme

Hey, you know, as bitcoin difficulty rises, payouts will go down. The funds from the bought contracts can be then paid out. So it will last more and more.

If the expected payout is reduced, so then will be the money coming in from new investors, so it makes no difference.

And even if they don't have that many TH/s, they should at least have some.

I have no idea

No, because there will always be newbies trying out cloud mining.

[DeboraMeeks]

You will most likely NEVER get ROI unless you can sell back your GHS like on cex.io

[eid]

I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.

A ponzi, by definition, is unsustainable. It only lasts as long as new investments come in.

https://en.wikipedia.org/wiki/Ponzi_scheme

Hey, you know, as bitcoin difficulty rises, payouts will go down. The funds from the bought contracts can be then paid out. So it will last more and more.

If the expected payout is reduced, so then will be the money coming in from new investors, so it makes no difference.

And even if they don't have that many TH/s, they should at least have some.

I have no idea

No, because there will always be newbies trying out cloud mining.

In which case, you have to pay more and more people using the money from each set of new investors. This is why ponzi schemes can never be sustainable as you claimed.

[odolvlobo]

I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.

These insignificant payments you are receiving don't prove anything. You will find out that it is a ponzi scheme when they stop paying. They can stop paying at any time and you will lose all of your money.

And even if they don't have that many TH/s, they should at least have some.

They don't have to have any mining equipment if they don't intend to pay the full amount.

[byt411]

I got paid today too. Look, it might be a ponzi, but the whole point is that it's a sustainable and paying ponzi.

These insignificant payments you are receiving don't prove anything. You will find out that it is a ponzi scheme when they stop paying. They can stop paying at any time and you will lose all of your money.

And even if they don't have that many TH/s, they should at least have some.

They don't have to have any mining equipment if they don't intend to pay the full amount.

I'm like 2 weeks to break even
And yes, they might not have any mining equipment at all, but I think they do. However, that's just my opinion.

[Zyborg]

Use a calculator. You will most likely find that it will take a LOT of time to break even not to mention making a profit worthwhile. Cloud mining is definitely not recommended at the prices today. I think PB mining has proven to be legitimate enough, and while I don't doubt their service, I do doubt the concept.

[silvestar]

Hey Guys !

I am a newbie in mining first I was planning to purchase mining equipment but when I saw this website PBmining.com

They sell 0.0044/BTC per GH. So, if I purchase direct GH from that website site will it make me profit?
I am planning to purchase 200GH/s. 

Please share your views! 

Thanks
Danny 

To me, the site is very likely a ponzi because of 2 reasons.
1. It has no indication of any hardware, even if they claim to have sold about 600TH/s.
2. The weekly payments aren't sent from block rewards.

[silvestar]

Use a calculator. You will most likely find that it will take a LOT of time to break even not to mention making a profit worthwhile. Cloud mining is definitely not recommended at the prices today. I think PB mining has proven to be legitimate enough, and while I don't doubt their service, I do doubt the concept.

Is it because they are still paying weekly as promised?

To be honest, all ponzi/hyip make payments to their "investors" as promised, until the owners run away with your money...

[Wusolini]

I found one thread on other forum where OP caims "pure profit" but he started in January so it took him 5 months (still good for 5y contract)

but who know, maybe he profits from his referals  

check
http://www.moneymakergroup.com/Pbmining-Bitcoin-Mining-t465153.html&pid=1108834170&mode=threaded#entry1108834170

[Zyborg]

Use a calculator. You will most likely find that it will take a LOT of time to break even not to mention making a profit worthwhile. Cloud mining is definitely not recommended at the prices today. I think PB mining has proven to be legitimate enough, and while I don't doubt their service, I do doubt the concept.

Is it because they are still paying weekly as promised?

To be honest, all ponzi/hyip make payments to their "investors" as promised, until the owners run away with your money...

If you distrust everyone even when they're paying what they promise they do you're probably a very close minded person. People know what ponzis are. Of course they pay a few people. Investments are always risky.

[ejinte]

Well, it's a contract for five years, so you will definitely break even.
If you are going to buy, please buy through my ref link

This is not true. The difficulty for bitcoin is rising so fast that at one point you will not even make 1% of your first payment.
However I've been looking at PBmining and it might actually go break even.
I bought mining contracts from e-pickaxe in November and they gave me ROI +10-20%. That's ROI in BTC. If I were to buy the contracts in dollars and straight away sell whatever was payed out for me I would probably not get ROI.

[dannyrayat]

can you guys tell me the litecoin cloud mining contracts websites ?

[KimNam]

can you guys tell me the litecoin cloud mining contracts websites ?

maybe you can try this website
https://scrypt.cc
learn about it before you buy contract

[Zyborg]

can you guys tell me the litecoin cloud mining contracts websites ?

maybe you can try this website
https://scrypt.cc
learn about it before you buy contract

Cloud mining isn't profitable.
There, lesson learned.

[KimNam]

Cloud mining isn't profitable.
There, lesson learned.

yeah agree
it's better to buy our own mining rig and mine with it instead cloud mining

[cookiemonsterwhat]

Its the same thing as getting any miner, you need a lot . I mean a lot of gh/s to get something out of it, you're just not paying the mining pool fee and electricity but everythings about the same as pay.

Hence with no one can change about the daily/weekly/monthly difficulty factor.

[Zyborg]

Cloud mining isn't profitable.
There, lesson learned.

yeah agree
it's better to buy our own mining rig and mine with it instead cloud mining

And even that is hard to break even with. Unless you already have been mining for a long time it's gonna be hard to break even, not to talk about making a profit worthwhile.

[dannyrayat]

Guys I am really confused now ! 

Please tell me is bitcoin mining even profitable? if so, what will be the best way to mine? or just purchase some coins and hold em ??

Thanks 

[DolanDuck]

Guys I am really confused now ! 

Please tell me is bitcoin mining even profitable? if so, what will be the best way to mine? or just purchase some coins and hold em ??

Thanks 

No, it isn't profitable, buy and hold is the way if you want to increase your capital.