Topic: PB Mining -- 5 year mining contracts! - page 133. (Read 378920 times)
It is no longer competitive, a few months ago the price was almost half that cex are now almost equal, besides that you can not trade, not instant payments, time indefinite, etc
You should do the math and figure it out. Like look at other companies too like in my sig. No hardware, that is one downside, but you have to look at difficulty and fees to see if it makes sense.
Let's say I want to buy 1TH/s of mining.
pbmining.com - Cost is 2.9BTC, with no other fees and 10% referral program
lunamine.com - Cost is 2.2056BTC + 0.0032USD per GH/s per day and 5% referral program
0.0032USD * 1000 * 7 * 52 = 1,164.80USD or ~2.0BTC at today's exchange rate for one year of fees.
So, lunamine is 2.20568BTC + ~2.0BTC or ~4.20BTC expenditure during the first year of mining.
On lunamine, it looks like it is a lifetime contract, but the odds of receiving any significant revenue after the first year is low, especially with their daily fees. Pbmining looks like a much better deal, all things considered.
Did I do the math correctly?
Your math looks correct, if those are the actual rates they are crazy high.
I thought Cloudhashing was expensive at $3,000 for 1 TH/s for 1 year. The big bonus there is you can buy cloudhashing contracts for cash using a credit card. So, it's a way to "buy" bitcoin with a credit card.
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I also cloud mine with nXtGen mining http://nxtmining.com/, although they pay out in NXT not BTC. Given the price of NXT they are charging ~$2.05 per GH/s. But, that is lifetime contract, and you can sell them on the AE if you want to at any time, assuming there is a buying, similar to cex. They also have a small fee, I think 3%.
You should do the math and figure it out. Like look at other companies too like in my sig. No hardware, that is one downside, but you have to look at difficulty and fees to see if it makes sense.
Let's say I want to buy 1TH/s of mining.
pbmining.com - Cost is 2.9BTC, with no other fees and 10% referral program
lunamine.com - Cost is 2.2056BTC + 0.0032USD per GH/s per day and 5% referral program
0.0032USD * 1000 * 7 * 52 = 1,164.80USD or ~2.0BTC at today's exchange rate for one year of fees.
So, lunamine is 2.20568BTC + ~2.0BTC or ~4.20BTC expenditure during the first year of mining.
On lunamine, it looks like it is a lifetime contract, but the odds of receiving any significant revenue after the first year is low, especially with their daily fees. Pbmining looks like a much better deal, all things considered.
Did I do the math correctly?
I won't be able to respond, my posts keep getting deleted for anything that isn't praising PBmining I guess.
You should do the math and figure it out. Like look at other companies too like in my sig. No hardware, that is one downside, but you have to look at difficulty and fees to see if it makes sense.
Let's say I want to buy 1TH/s of mining.
pbmining.com - Cost is 2.9BTC, with no other fees and 10% referral program
lunamine.com - Cost is 2.2056BTC + 0.0032USD per GH/s per day and 5% referral program
0.0032USD * 1000 * 7 * 52 = 1,164.80USD or ~2.0BTC at today's exchange rate for one year of fees.
So, lunamine is 2.20568BTC + ~2.0BTC or ~4.20BTC expenditure during the first year of mining.
On lunamine, it looks like it is a lifetime contract, but the odds of receiving any significant revenue after the first year is low, especially with their daily fees. Pbmining looks like a much better deal, all things considered.
Did I do the math correctly?
I see. Wouldn't it be more profitable to just buy a mining hardware then mine for 1 or 2 months then resell it at a discount? 
I don't get this cloud mining
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
It varies by vendor, but in this case you are buying a 5 year mining contract.
If I won't be getting my BTC2.9 back, will I have something to resell, like a mining hardware?
Nope. It's just a mining contract. You pay them to use their equipment on your behalf at an agreed upon rate foran agreed upon amount of hashpower. They pay out the proceeds once a week to your wallet. You may or may not recover all that you spent, depending on difficulty, in a reasonable time frame.
Pretty normal stuff for a performance contract. To determine whether it's worth it to you or not, you have to do the calculations of physical hardware, money you have to invest, electricity costs, expected return vs. anticipated difficulty increases (I'd aim high on diff and low on return for the sake of safety in calculation) and make a choice. You are esentially renting their hardware for 5 years.
You don´t get your money back and you don´t have any hardware to sell. You only get the money you earn from mining.
I don't get this cloud mining
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
It varies by vendor, but in this case you are buying a 5 year mining contract.
If I won't be getting my BTC2.9 back, will I have something to resell, like a mining hardware?
I don't get this cloud mining
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
It varies by vendor, but in this case you are buying a 5 year mining contract.
I don't get this cloud mining
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
So let's say I buy 1TH/s, that's worth BTC2.9 then I mine for 30 days. Then after that, I don't want to mine anymore.
Do I get my BTC2.9 back plus my earnings from mining??
which is the next Price: 0.0022 BTC ??
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
Cex price is currently 0.00315, and pb is at 0.0029. How is that not competitive?
How dare you screw up a perfectly good fight with FACTS!!!
which is the next Price: 0.0022 BTC ??
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
Cex price is currently 0.00315, and pb is at 0.0029. How is that not competitive?
I have some GH/s on PBmining and it's really awesome 
highly recommandate and without fees
highly recommandate and without fees
which is the next Price: 0.0022 BTC ??
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
THE CURRENT PRICE NO LONGER WITH COMPETITIVE CEX
When we get asked this it usually feels like somebody trying to pump a coin.
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
Please don´t get me wrong, i don´t want to pump any coin.
I´ve just thought about to mine other currencys too and just hold them in my wallet.
However, i´m in to spend more money soon to gain some profit, buying hardware isn´t profitable anymore i think..unless you have much money and a big photovoltaic system on the roof
Scrypt ASIC is very risky investment imo, these coins are not as usefull as Bitcoin because hardly anyone using it and almost no merchant support. So you need hope the Scrypt altcoin price does not crash before you mine enought to be at least break even. The altcoin price is only backed by speculation imo, not real usage of the coins
What percentage of bitcoin transaction/use do you think is "real usage"? My guesstimate is that over 85% of the transactions are just trading/investment/speculation type stuff rather than commerce.
Scrypt ASIC is very risky investment imo, these coins are not as usefull as Bitcoin because hardly anyone using it and almost no merchant support. So you need hope the Scrypt altcoin price does not crash before you mine enought to be at least break even. The altcoin price is only backed by speculation imo, not real usage of the coins
When we get asked this it usually feels like somebody trying to pump a coin.
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
I think many are. But not all. Most that aren't are actually PoS coins. So, you can't mine those.
Via and dare I say Doge (with digibyte) aren't really pump and dump. But, I'm not sure how profitable mining Doge is given the small price, although you do get 62,500 coins per block at this point.
Via is the opposite. It has a great value, like 40k sat right now after an IPO price of 6k sat a few weeks ago, but the block reward is 5 Via (every 24 seconds) at this point to discourage miners that just want to dump rather than support the network.
DarkCoin has the anonymous function that separates it from Bitcoin, but it is X11, so I'm not sure if you can merge mine that or mine it at all with ASIC machines.
Also, may people say Bitcoin is a poinzi scheme as well.
When we get asked this it usually feels like somebody trying to pump a coin.
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
At the moment I don't see any altcoins that have any sort of overall advantage over Bitcoin, so I don't see us taking a different direction with what we're already doing. It seems that most altcoins are pump and dump schemes, are they not?
Hi Guys,
does anyone know if PBMining is planning to use mining power to mine other currencys like Peercoin and so on?
I think it would be very nice to decide for yourself what you want to mine.
Thanks in advance!
WantaDuff
does anyone know if PBMining is planning to use mining power to mine other currencys like Peercoin and so on?
I think it would be very nice to decide for yourself what you want to mine.
Thanks in advance!
WantaDuff
i visit this thread regularly and i can say that is not going to happen
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