Topic: PB Mining -- 5 year mining contracts! - page 131. (Read 378920 times)

Here is a thought about their model...

Everybody is assuming their are not actually mining...

Average ROI time people is claiming to get is around 20 weeks that means (with round numbers) that youre getting a 5% of your investment back every week.

If they lend your money at some margin trading website they can get a 2.5% out of it every week...

So after 5 months you will have your money back and the will earn a 30% ... yes, the still will have to pay you some pocket money for the next 4 and a half years.... but did you hear of anyone getting a 30% profit here?

Its sustainable? probably... risky? yes... but getting a 30% out of other people investment... definetely sound like a good business to me...

And btw, I have some money put there and in other websites, but I will not damage my credibility posting referral links

I have a 5 year contract. So 1 week 1 time payment

Assuming you've had the contract for this entire week, you should receive approximately 0.1634 this Sunday.

Instead of buying that amount each day, it might be better to buy larger amounts right after a difficulty change.  The cost to purchase contracts usually drops at each difficulty change.  The next one is expected in just under 7 days.

Yes, that is correct, but payouts are made every week, on Sunday. Also, due to difficulty increases, you will earn less every time.

If I buy 916ghz with 2.6btc each day how much I get from pbming.com btc??
Pleasea calculator help me. Thank
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=916&p=700.00&pc=0.10&pf=0.00&d=19729645940.57710000&r=25.00000000&er=580.00000000&hc=0.00
I try every day to calculate 0.023btc
Such correct?

Apparently you can cross lunamine off the list. In fact they were implying that PB was a ponzi but now it turns out they are ones having an issue.  No withdrawals and didn't pay their sig campaign, what a joke!

There are much, much more than 2 more ponzi schemes competing for your money.

If pbmining were real they would provide a mining address and pics/videos of their ever-expanding mine.

It would take 2 seconds worth of work to silence the skeptics and open their service to the huge number of people who previously thought it was a ponzi.

But instead they implement a complicated bitcoin mixer to make sure everyone thinks it's a ponzi.

There is always a risk that this is a ponzi.  That's why you shouldn't put all of your eggs in one basket.

With that being said, I found a competitor, located in the UK, with the same business model and similar prices.  Their mines are located in the UK, USA, and South America.  They list their company name and address.

It shows that either:

1. PBmining has a viable business model and is not necessarily a ponzi
or
2. There are 2 rival ponzi schemes competing for your BTC.

I think the bigger risk is whether the difficulty increases will erode any profits.  The next increase is projected to be around 19% in 7 days.  This calendar year, the average increase has been 16.15%.  Some customers have recently reported breaking even.

Running the historical numbers, if you purchased a 1,000 GH/s contract on January 24th, you would have paid 16BTC.  Your milestone dates would have been:
25% Feb 11
50% Mar 8
75% Apr 16
100% (break-even) Jul 1
107% Aug 10

Using the same difficulty increases and shifting the dates, if you purchase a 1,000 GH/s contract on August 8th, 2014, you pay 2.9BTC.  Your milestone dates are:
25% Sep 10
50% Nov 13
70% Apr 30
72.5% Sep 6
No break-even

Hmmm, I hope we have some single digit difficulty increases coming up.  As the difficulty gets higher, it will take an increasing amount of equipment to sustain the double digit difficulty increases.

Does nobody care that this is an obvious ponzi?

Payday! That explains why my wallet contained more then nada 

payday went well for me

Back when everyone was cloudmining with a CPU or GPU, it was relatively profitable.  The average person already had the equipment sitting in front of them, so there was no upfront cost or risk of the equipment quickly depreciating and becoming worthless.  You can still use those old CPUs for web surfing, and you can still use those GPUs for game playing.  Even the people who bought a lot of GPUs were probably able to sell them to recoup some of the cost.

I think the preorder frenzy of buying mining equipment in 2012-2013 really got people upset.  Purchased equipment rapidly depreciated, even before it was delivered.  For example, some Butterfly Labs customers placed preorders in mid-2012 for equipment that was delivered in June 2013 or later.  They started taking preorders for their Monarch line late last year.  Last November, they had a preorder sale on their 600GH/s miner for only 3,510USD    I don't think they're even shipping yet, and once they do ship, the customers will likely never break even.  This led many people to associate Bitcoin mining with being unprofitable.  In addition, some other cloudmining operations turned out to be scams.

Pbmining offers a big advantage.  You can begin mining immediately with a known up-front cost.  Yes, you still still take on the risk that comes with Bitcoin mining, but you don't have to worry about when you can start mining.  It's also great to see that the early users of the service are breaking even on their contracts!

Congraz.

Proofes people wrong again cloudmining can not be profitable (my GHS i purchased back in march also in pos. ROI)

I got even a negative trust level just for speaking about cloud mining, lol

The guy who who did that should have listened instead wasting time flag me as a scammer or something , he would be in positive ROI now !

He even is a (german) forum moderator here and won`t delete it, asked sereval times with proof (sceenshots) that my GH/s i bough back in March have positive ROI.

Ah well , buying 100 GH/s more now 

Annnnd i ROI'ed my first 100 GH/s ! 



Take some time...( almost 5 month) but it's cool and now i'm going to re-invest .

Thank you Pbmining ! 

i got lucky- c u next week

Damn, I was trying this time too!

Paid!

just recieved payment- first baby

Hmm.. So where could they be.. I wanna know how much is their electricity rate