Is cloud mining with PBmining.com profitable ???

[Zyborg]

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 

Cloud mining isn't profitable, no. Purchase, hold. Remember not to invest more than you can afford to lose. It's not a sure thing.

[ajw7989]

Pbmining can reach an ROI it will just take a while. I reached ROI in the middle of may from an investment in the very end of January

[lapah]

Pbmining can reach an ROI it will just take a while. I reached ROI in the middle of may from an investment in the very end of January

So pretty much you broke even.

How much did you invest just curious, cause I`m debating on making a large purchase. Some people are claiming it to be a ponzi since they wont show any miners facility etc.

Despite the weekly payouts.

[ajw7989]

Pbmining can reach an ROI it will just take a while. I reached ROI in the middle of may from an investment in the very end of January

So pretty much you broke even.

How much did you invest just curious, cause I`m debating on making a large purchase. Some people are claiming it to be a ponzi since they wont show any miners facility etc.

Despite the weekly payouts.

Not much I bought a few (6ish) gh at .013btc/gh back in January and then a small amount on ebay. I made a good amount of profit from referrals from my sig. I do not believe they are a ponzi. Their mining address was public at some point but due to harassment they had to go into hiding. Also the early customers like me actually have more info about them they we probably should although we keep it private for their own protection. Their prices are not too good to be true since you can buy your own mining equipment at a cheaper rate but obviously there are other costs such as cooling and electricity to take into account. The prices though are the best I have seen and their support is pretty good.

[Dannie]

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 

From my own calculation, bitcoin mining is not profitable for all the existing ASICs (excluding pre-orders), unless difficulty increases in a very low rate (say, just 5% every 2 weeks) in the future.

[dannyrayat]

yea I have 145gh/s on pbmining and they are paying me the exact amount which is shown in bitcoin mining calculator..
   they have a 5 year contract.. lets wait and watch if they keep on paying me till they GH/s expires..
and if u have an account on pbmining you can see the global status of people mining.

like this guy makes like 1 coin a day with about 26011 gh/s 

http://i58.tinypic.com/j6ms1i.png

[silkywizard]

I have bought from BPmining and they have paid me Bitcoins every Sunday into my blockchain wallet without fail, just like clock work.

Below are my results for you to make your own mind up to see if it will be profitable or something you might want to invest into.

On 18/05/2014 I stared with 336 GHS and made on the 25/05/2014 0.12574762 Bitcoins then I reinvested the Bitcoin profit back in and that bought me 29 GHS giving me 365 GHS on the 01/06/2014   I made 0.11989724 Bitcoins which I reinvested it giving me 27 GHS giving me 392 GHS in total. On the 08/06/2014 I made 0.12596721 and reinvested it giving me 30 GHS giving me 422 GHS and the next lot of BItcoins will be sent on 15th June 2014.

I think it is making me money for me personally but you have to remember over time due to the bitcoin difficulty the amount you make each week will become less. The other thing to bear in mind is if the price of bitcoins rises so does your profit if you were to sell them for your countries currency.  

They also have a great referral affiliate program giving you 10% of anyone one under you. For example if the person under you buys 2000 GHS you will receive 200 GHS.

[KimNam]

yea I have 145gh/s on pbmining and they are paying me the exact amount which is shown in bitcoin mining calculator..
    they have a 5 year contract.. lets wait and watch if they keep on paying me till they GH/s expires..
and if u have an account on pbmining you can see the global status of people mining.

like this guy makes like 1 coin a day with about 26011 gh/s 

and do you believe that coins from actual mining?
if you understand how to mine work, we won't see your payout same with calculator
in my mind, they just do "fantasy mining" and everyone pay from that calculation based on that calculator, not actual mining
imo

[Lamigo]

yea I have 145gh/s on pbmining and they are paying me the exact amount which is shown in bitcoin mining calculator..
    they have a 5 year contract.. lets wait and watch if they keep on paying me till they GH/s expires..
and if u have an account on pbmining you can see the global status of people mining.

like this guy makes like 1 coin a day with about 26011 gh/s 

and do you believe that coins from actual mining?
if you understand how to mine work, we won't see your payout same with calculator
in my mind, they just do "fantasy mining" and everyone pay from that calculation based on that calculator, not actual mining
imo

Exactly.
The weekly payment amount is calculated using formula, and the bitcoin is not sent from block outputs.

[KimNam]

Exactly.
The weekly payment amount is calculated using formula, and the bitcoin is not sent from block outputs.

yeah, that's why many people doubt with pbmining
since bitcoin sent from mixing coin instead from block reward coin
many noobs believe buy contract in pbmining will make them riich, too bad

[makebitcoin]

I invested in this and got paid every Sunday. I wish they would provide more proof of ownership of the ASIC's though. Be careful...

[thefaucetlist]

PBmining offers 5 year contracts for those of you who are sure you want to mine for a long time.  they accept their payments in bitcoin.  Their minimum contract price is is 10GH/s that's $24
Bitcoin mining with ASIC hardware
Begin earning Bitcoins instantly
They cover the electricity costs and all pool fees
Contract is 100%. insured

I own a website and i thought their site was worth looking in to. My final decision was to add them to my site. Their prices are pretty fair and, if your looking for long term mining it is a good place to invest IMO, but if your not sure you want to buy that much gh/s or if you dont want a contract right away there are other options. I do list a few different cloud mining options on my site.

Final decision should always be made after doing your own homework and using a mining calculator though. these are my thoughts.
If you'd like to check out my site the url is in my signature. hope this help a little

[odolvlobo]

PBmining offers 5 year contracts for those of you who are sure you want to mine for a long time.  ...
Contract is 100%. insured

Insured by who?

Anyway, I implore everyone to do the math before sending them any money.

Pbmining offers people a deal that has a reasonable chance of making the customer a small profit. However, they are virtually guaranteed to lose money. So, either they aren't very bright or they are running a scam.

[dannyrayat]

I am really getting confused now 
but have invested the money now so , lets see what happens ? lol