Topic: PB Mining -- 5 year mining contracts! - page 177. (Read 379008 times)
well in years 3,4,5 i dont think you could blame pb for not mining the coin and not using greater cost to produce almost nothing - for instance and i am just making something up for examples sake - lets say in year 4 it cost pb $10,000 in electricity to produce 2 coins doo to difficulty jumps(made up number) u would just pay out the 2coins from previous profit and not bother mining it ,,,but most likely hardware will get cheaper ....my brain will have wifi and thousands of pico-meter asics in it- my electricity will be generated through my movement like an automatica wrist watch.. i will just think my money into existence...poor pb he will need to wear a neck brace around to handle the hardware in his head from his one century long contracts
his overhead doesn't always drop though
attractively priced equipment is getting harder to find, for the time being.
if chips advance to a 15 nm process or something, maybe. but if not, diff rise may lessen as fewer buy overpriced equipment.
attractively priced equipment is getting harder to find, for the time being.
if chips advance to a 15 nm process or something, maybe. but if not, diff rise may lessen as fewer buy overpriced equipment.
price, consistent with yield, has actually gone up 61%.
so yield is actually down 61%
as compared to pb price in february, when it was .0107/ghz
so bitcoin out per bitcoin in has dropped drastically
never mind price per ghz, its price per btc yield per time that counts
todays price to equal februarys proportional yield should be about 0.0027btc/ghz
so yield is actually down 61%
as compared to pb price in february, when it was .0107/ghz
so bitcoin out per bitcoin in has dropped drastically
never mind price per ghz, its price per btc yield per time that counts
todays price to equal februarys proportional yield should be about 0.0027btc/ghz
That's correct. If difficulty increases by +15%, price should theoretically go -15%.
yes, just putting out the figures FI
oztusk, we sell hash power for what we determine we can get for it on the market just as any business would. We have remained competitive and still have the best prices available.
Got my first referral, he bought 50Ghs, and now I see another contract in my dashboard showing 5Ghs 
!!! If anyone else want to get in
http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
!!! If anyone else want to get in http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
if part of your referral will get a share?
I am interested to join
Got my first referral, he bought 50Ghs, and now I see another contract in my dashboard showing 5Ghs !!! If anyone else want to get in
http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
!!! If anyone else want to get in http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
if part of your referral will get a share?
I am interested to join
price, consistent with yield, has actually gone up 61%.
so yield is actually down 61%
as compared to pb price in february, when it was .0107/ghz
so bitcoin out per bitcoin in has dropped drastically
never mind price per ghz, its price per btc yield per time that counts
todays price to equal februarys proportional yield should be about 0.0027btc/ghz
so yield is actually down 61%
as compared to pb price in february, when it was .0107/ghz
so bitcoin out per bitcoin in has dropped drastically
never mind price per ghz, its price per btc yield per time that counts
todays price to equal februarys proportional yield should be about 0.0027btc/ghz
Got my first referral, he bought 50Ghs, and now I see another contract in my dashboard showing 5Ghs !!! If anyone else want to get in
http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
!!! If anyone else want to get in http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
look at you, lucky dog!
Got my first referral, he bought 50Ghs, and now I see another contract in my dashboard showing 5Ghs !!! If anyone else want to get in
http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
!!! If anyone else want to get in http://pbmining.com?ref=chinchs
the Price has dropped to 0.0044
Is there a way to work out what I'm getting per GH on pbmining? What the rate of satoshi is per GH?
Do an effort, maybe? scrool down a few posts, at least
I gave it all away for free, ffshttps://bitcointalksearch.org/topic/m.6957655
you get the calculated rate...
just use calculator @ upper right of page:.. https://bitcoinwisdom.com/bitcoin/difficulty
pb will pay at this rate.
for a nice estimate of return, multiply the weekly yield x ten... its all guesswork and prophecy if you want a more exact figure.
I made a video about PBmining.
How to Mine Bitcoin on the Cloud - PBmining
https://www.youtube.com/watch?v=swnojmlPV2k
http://pbmining.com?ref=kainedamo
Thanks everyone.
How to Mine Bitcoin on the Cloud - PBmining
https://www.youtube.com/watch?v=swnojmlPV2k
http://pbmining.com?ref=kainedamo
Thanks everyone.
It hadn't even occurred to me until rodeoclownicp mentioned it, I've always just thought of it in terms of BTC, ignoring exchange rates, not too worry, just go with the flow, see what happens when it happens
yeah, I don't really care how much it costs in USD, because I look at this as an investment and I think we are all still early in this game. In the end I think it'll all work out in our benefit in the end!
It hadn't even occurred to me until rodeoclownicp mentioned it, I've always just thought of it in terms of BTC, ignoring exchange rates, not too worry, just go with the flow, see what happens when it happens
and that is a good point, What rodeo clown was pointing out is that lets say BTC/USD jumps to say USD$5000 tomorrow, what would the price for contracts do, as it would make them seriously unattractive over buying from someone who charges in USD
Would PB change price accordingly to stay attractive or everyone else will raise their prices accordingly to capitalise on the high BTC price
option 2 would be my guess
Would PB change price accordingly to stay attractive or everyone else will raise their prices accordingly to capitalise on the high BTC price
option 2 would be my guess
So......... I've been with PBmining for a couple months now and have noticed them do the following a couple times now. Beginning of this week the price per GH was 0.0048BTC then we had the BTC value jump, they dropped the price to 0.0046BTC and then on Friday we had the Difficulty increase and they dropped the price again to the current price of 0.0044BTC. No guarantees that it's because of price but sure seemed like that might have something to do with it. Like I said they've done this several times in the past. It would be a complete pain in the ass to chase the value of BTC/USD/CAD and drop the price, due to the fact that the value is fluctuating like crazy all the time as we had a $20USD drop in value over night.
Is there a way to work out what I'm getting per GH on pbmining? What the rate of satoshi is per GH?
Do an effort, maybe? scrool down a few posts, at least
I gave it all away for free, ffshttps://bitcointalksearch.org/topic/m.6957655
Is there a way to work out what I'm getting per GH on pbmining? What the rate of satoshi is per GH?
and that is a good point, What rodeo clown was pointing out is that lets say BTC/USD jumps to say USD$5000 tomorrow, what would the price for contracts do, as it would make them seriously unattractive over buying from someone who charges in USD
Would PB change price accordingly to stay attractive or everyone else will raise their prices accordingly to capitalise on the high BTC price
option 2 would be my guess
Would PB change price accordingly to stay attractive or everyone else will raise their prices accordingly to capitalise on the high BTC price
option 2 would be my guess
I added something to my previous post I thought I would point out, most businesses work on USD and do a conversion to BTC when you pay for stuff. PBmining is not doing that, they are working on BTC (on the client side) and when they need cash for the business they convert it into whatever currency they need. This is my perception not a fact
I now see exactly what you were asking, hope the above paragraph helps
I did see you comment on the murraycoin thread, but I'm not technical so I couldn't help u, thats why I cloud mine
I now see exactly what you were asking, hope the above paragraph helps
I did see you comment on the murraycoin thread, but I'm not technical so I couldn't help u, thats why I cloud mine
Nothing I said was personal, it was all facts. And yes you are right about part of what you said, your calculations about how the business might be run, could show it is legitimate
But your USD$2.5 figure doesn't equate to anything , the price is in bitcoin, because it is the base currency we are all using, PBmining will drop the price in Btc because what we are doing has nothing to do with the price of the US $, I don't work my numbers on the price of the US$ (because I can't tell the future, so I have no idea what the BTC/USd will be in the future).
Your profit and loss from mining should be worked out in BTC (Base Currency). It would be like me wanting to buy something from the US and asking them to change their prices because the NZD (where I'm from) used to be worth more. I don't think any business works like that
but I do see your point, I did misread your previous post
But your USD$2.5 figure doesn't equate to anything , the price is in bitcoin, because it is the base currency we are all using, PBmining will drop the price in Btc because what we are doing has nothing to do with the price of the US $, I don't work my numbers on the price of the US$ (because I can't tell the future, so I have no idea what the BTC/USd will be in the future).
Your profit and loss from mining should be worked out in BTC (Base Currency). It would be like me wanting to buy something from the US and asking them to change their prices because the NZD (where I'm from) used to be worth more. I don't think any business works like that
fare enough, u are light years above the rest- im ahead of the time as well (but i concede that people do not see me that way) by the time the magnitude changes twice it will be very obvious what i am saying but too late to discuss- at least you did not freak out on me so i hear by eat my words - there is one good man left - the 2.5 barrier is significant but bringing it up is so difficult because people want to fight about it... i would never consider the lesser of a currency the base,, soft power is def w the usd/euro/etc .. if i were buying a mining machine that would net me 5000 usd .. if the price drops in btc and the value of btc has gone up the deal is still the same but if the price drops in btc and btc hasnt changed i am now going to get more,,, well when machines prices are dropping more people will follow supply and demand and the other asspect is when time passes profitability goes down adjusting the btc price isnt nothing but a sticking base price is worthy of discusion- thats all- so you dont agree ok - if the value of the dollar changes it isnt based on btc if btc is traded for more or less dollars it is a huge deal--- i really hope to hear about it but i have been c-blocked to death, oh well
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