Topic: PB Mining -- 5 year mining contracts! - page 126. (Read 378920 times)

When will more GH/s be available for purchase? How fast did the last batch sell out?

You're welcome. 

Oh ok, I understand now. Thanks for your reply and I'll check them out!

You can buy how much gh/s you want. You can find how much is the amount you want to buy going to the section "Buy a contract" and putting the amount at the window when is placed the amount to buy and seeing beside this window the amount in bitcoin to pay. And at the end you can buy only for 5 years.

So I'm just wondering, would you sell something like 100 Gh/S?
How much would it cost and would you only do 5 year contracts, could you not do monthly contracts?

No company address!
No company register nr!

Wow!!......just little bit over a week when ghs competition begins.... 

Definitely. But unfortunately the dev hasn't been available for a long time.

I know.
But it's the same one he's used in the past. And it does relate to his real name.

Edit. It relates to his real name the same way that Vince Neil's name does.

That's not his real name

Well, since he went public with his name, I am taking the liberty of confirming that Jeremy Biggs was one of the men I spoke to privately some months ago when making my own decision.

I think Jeremy's position is (correct me if I'm wrong):

1. The decision was made to be very secretive about company details and operations in the interest of security.  Information may be revealed at a later date.

2. Despite being a black box operation and despite the risk that customers might not break even due to rapidly rising difficulty, new money is coming in at faster and faster rates.  The business model is very successful, so there is no need to make any changes.

3. No consumer protection was removed.  I don't think there was any to begin with (it's the world of Bitcoin).  However, pbmining has been a trustworthy company with thousands of satisfied customers.

4. The company has always made its promised payouts.  The fact that peer companies have turned out to be scams does not impact pbmining (other than customers might be more skeptical than before).

5. Publishing photos of mining equipment doesn't prove anything (did lunamine post any pics?).

6. If you don't like the terms or lack of information, then don't buy a contract.  Simple as that.

I am a customer.  It is my role to consider the risk of mining, the pbmining contract terms, and the stability/legitimacy of the company.  I decide whether or not to buy a contract as well as the size of the contract.  Once I start collecting my payouts, I become a passive participant.  I've parted with my Bitcoins, and there is no point in worrying about whether or not I will ever break even (as a kid, I learned not to worry about things I can't control).  My role only becomes active again if I am considering purchasing more contracts.

Since I have previously bought contracts, why don't I just blindly buy more contracts?  The contract terms are always changing.  Difficulty increases while the cost per GH decreases.  The two variables might not change enough to offset each other.  Would I buy another contract today?  Personally not right now.  Not because I think it is a scam (although there is always the risk), but because I think my chances of breaking even at today's prices are not so good.  That's a personal decision, but obviously many other customers believe the odds must be very good.

http://cointelegraph.com/news/112329/gavin-andresens-fractional-reserve-mining-cloud-miners-respond

In response to Gavin Andresens claim that many cloudmining companies might be ponzis, genesis-mining goes out of their way to take a few pics to prove they are mining. (like any real company accused of being a ponzi would)

However PBmining responds with a BS excuse as expected:


Is "jeremy biggs" living in a fantasy land where you cannot prove you are mining with a bitcoin address/farm pics? The same alternate reality where you pinpoint the location of a mining operation with nothing but a btc address?

He basically says "we won't provide proof that we aren't a ponzi because everyone else is just as shady/scammy. We will just continue giving payouts to gain trust like every good ponzi.".

He deliberately removes all forms of consumer protection and claims "that's just how the bitcoin ecosystem is". What he really means is that Gavin's points extend to every corner of the world of Bitcoin SCAMS, not real bitcoin companies.

I don't know how anyone could believe this is a legit company.

The solution is an API key. Which would be a great thing to have.

The app is secure. The only "insecure" input is your customer ID. But hey, anyone can put anyone's customer ID in if they want. There is NO password input. There is NO data tracking. The only analytics being run is google play's analytics, which every app has and there is no way to disable. 

The app is not official, but I have been in talks here and there with PB, we're looking at eventually getting an API system so you can create purchase requests via the app, but currently you'd be required to enter your password (which is why that version isn't public, since it is a security hole).

The app is great. There are to many people that use it until now. And there are time that is made. What could be "the reason for that" except that they buy hardware and put those in work.....

Cool app, but is in official? Should I feel safe using it?


Maybe there is a reason for that

I'm sure they will add at least 500TH/s in a day or two so I would not worry about it. They are known for adding GH/s like it's child's play

maybe they are not ponzi...they out of GHS

"Our hash power is currently sold out. "

Checking up, any bugs on the app? Haven't had time to do much work on it unfortunately

Android - https://play.google.com/store/apps/details?id=com.coniform.pbmin