PB Mining -- 5 year mining contracts! - page 179.

PBmining

sr. member

Activity: 378

Merit: 250

Our price drops have nothing to do with the price of a Bitcoin in USD. We drop the cost in relation to the difficulty factor and an increasing maintenance cost. It's all relative. If you have mining hardware worth $100, and Bitcoin doubles, it should now be worth $200 since it is capable of mining Bitcoins which have doubled in value. Of course the BTC price of the hardware has stayed the same the whole time. You will see this in a fiat based marketplace, such as eBay -- people will hold onto their miners much tighter and sell higher when Bitcoin goes up. They would rather do this than lose potential profits to you over an increasing Bitcoin value.

We choose to value our hardware higher (in USD, not BTC) as Bitcoin goes up, just as anyone else would.

To counteract this, you will see the market flooded even more aggressively with ASIC hardware. Supply and demand.

We feel our price is fair and very competitive, and remains to stay that way.

rodeoclownicp

sr. member

Activity: 252

Merit: 250

Quote from: PBmining on May 26, 2014, 01:32:59 PM

Quote from: rodeoclownicp on May 26, 2014, 01:13:48 PM

Quote from: PBmining on May 26, 2014, 12:17:04 PM

I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase!

ok, what drives sales is profitability, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash,,, etc , the price of gh is dropping, which means its dropping for you, so i am just asking what the model is for this inevitability
and people lost their shit... so what is on the horizon?

Welcome to the world of Bitcoin mining. As the difficulty factor increases, profitability drops. We all hope for low difficulty increases and a positive rate of return. On the other hand, we also accept the risk that if the difficulty changes are high then it will be more difficult to profit. We didn't create this game -- we simply sell the hash power and try to create a small profit margin for ourselves. There is nothing complicated about our model, you either buy it at our price, or you don't. What the difficulty factor does is completely out of our control and is too unpredictable to guarantee a gain or loss on your investment. I have always recommended to customers that they use a spreadsheet program to determine for themselves the different scenarios that can occur when you purchase hash power. Feel free to publish your results and share them with other forum members.

ok so i will go all the way back to my original question and hopefully it will get answered this time without any audience participation ... will the 2.5usd per gh be part of the next price drop or will price drops jsut be a lower btc per gh but only to maintain the 2.5 usd per gh... please it should have just been answered the first time

PBmining

sr. member

Activity: 378

Merit: 250

Quote from: rodeoclownicp on May 26, 2014, 01:13:48 PM

Quote from: PBmining on May 26, 2014, 12:17:04 PM

I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase!

ok, what drives sales is profitability, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash,,, etc , the price of gh is dropping, which means its dropping for you, so i am just asking what the model is for this inevitability
and people lost their shit... so what is on the horizon?

Welcome to the world of Bitcoin mining. As the difficulty factor increases, profitability drops. We all hope for low difficulty increases and a positive rate of return. On the other hand, we also accept the risk that if the difficulty changes are high then it will be more difficult to profit. We didn't create this game -- we simply sell the hash power and try to create a small profit margin for ourselves. There is nothing complicated about our model, you either buy it at our price, or you don't. What the difficulty factor does is completely out of our control and is too unpredictable to guarantee a gain or loss on your investment. I have always recommended to customers that they use a spreadsheet program to determine for themselves the different scenarios that can occur when you purchase hash power. Feel free to publish your results and share them with other forum members.

rodeoclownicp

sr. member

Activity: 252

Merit: 250

Quote from: PBmining on May 26, 2014, 12:17:04 PM

I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase!

ok, what drives sales is profitability, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash, which then gives you the ability to mine more btc which then gives you the ability to sell more hash,,, etc , the price of gh is dropping, which means its dropping for you, so i am just asking what the model is for this inevitability
and people lost their shit... so what is on the horizon?

byt411

hero member

Activity: 798

Merit: 1000

Quote from: PBmining on May 26, 2014, 12:17:04 PM

Quote from: rodeoclownicp on May 26, 2014, 11:48:01 AM

Quote from: byt411 on May 26, 2014, 02:16:20 AM

Quote from: alinutu78 on May 26, 2014, 01:52:38 AM

Quote from: rodeoclownicp on May 25, 2014, 06:24:06 PM

ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now

Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss?

If the bitcoinwisdom chart was larger, you would see that you will definitely profit over the next 5 years.
Also, stop begging for lower price if you can't afford it. Why should PBMining sell them at a loss?

By the way, difficulty increase was 18% the last time, and 10% before that.

dude stop trolling for them ,,, dont get so but hurt,,,

fuck i have never seen such crybaies,, if you get upset you have misunderstood the post or you are irrrational-at 2.5usd per gh profitability is lost now... the btc per gh drops still reflect 2.5 usd per gh... if it does become profitable it is 1-2% gain from current buys if u get that.. i see prices are lowered,so you do understand that pb, but will the 2.5 usd per gh barrier be addressed thankyou

I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase!

I agree. As I said, why should PBMining lower the prices if they would lose money?
Also, if you think that they are too expensive, don't buy and go away. Also, I am not butthurt, I am merely pointing out facts, and you are making your opinion based on your arrogant attitude, thinking that you are always right. If you think it is unprofitable, prove it, with charts for 5 years.

Doff

sr. member

Activity: 327

Merit: 250

Quote from: Steiny217 on May 26, 2014, 12:28:39 PM

Quote from: tuanvie on May 26, 2014, 12:23:44 PM

I noticed a very nice pbmining market,
but now the price is getting lower GHS,
whether it will continue to fall?

It'll continue to fall but difficulty will continue to rise just consider that aswell......

At some point it will level off. There is a limited supply of power out there, and Asics also have a barrier, its unlikely we see another jump like we did this past year.

Take for example that 20,132,644,564 is double the current network hash rate and how much power the current hash rate is consuming. I see people tossing out 120,132,644,564 difficulty in some of these calculator examples, is that even sustainable power wise?

Steiny217

member

Activity: 118

Merit: 10

Quote from: tuanvie on May 26, 2014, 12:23:44 PM

I noticed a very nice pbmining market,
but now the price is getting lower GHS,
whether it will continue to fall?

It'll continue to fall but difficulty will continue to rise just consider that aswell......

Steiny217

member

Activity: 118

Merit: 10

Quote from: s1ng on May 26, 2014, 12:01:12 PM

if i had 0.02 btc
is PB mining is worth to me Huh

If you want to get into cloud mining, PBmining is the cheapest site out there, so you'll get more bang for your bit then else where! If you are gonna sign up throw someone from the forum a bone and use their link, you'll make their day! Grin

tuanvie

sr. member

Activity: 448

Merit: 250

I noticed a very nice pbmining market,
but now the price is getting lower GHS,
whether it will continue to fall?

PBmining

sr. member

Activity: 378

Merit: 250

Quote from: rodeoclownicp on May 26, 2014, 11:48:01 AM

Quote from: byt411 on May 26, 2014, 02:16:20 AM

Quote from: alinutu78 on May 26, 2014, 01:52:38 AM

Quote from: rodeoclownicp on May 25, 2014, 06:24:06 PM

ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now

Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss?

If the bitcoinwisdom chart was larger, you would see that you will definitely profit over the next 5 years.
Also, stop begging for lower price if you can't afford it. Why should PBMining sell them at a loss?

By the way, difficulty increase was 18% the last time, and 10% before that.

dude stop trolling for them ,,, dont get so but hurt,,,

fuck i have never seen such crybaies,, if you get upset you have misunderstood the post or you are irrrational-at 2.5usd per gh profitability is lost now... the btc per gh drops still reflect 2.5 usd per gh... if it does become profitable it is 1-2% gain from current buys if u get that.. i see prices are lowered,so you do understand that pb, but will the 2.5 usd per gh barrier be addressed thankyou

I'm not sure I quite understand your reasoning so I'm not sure how to address this. We sell the hash power for what we feel we can get for it on the market. If you feel the price is too steep for whatever reason, then please don't make a purchase!

s1ng

legendary

Activity: 1218

Merit: 1001

if i had 0.02 btc
is PB mining is worth to me Huh

rodeoclownicp

sr. member

Activity: 252

Merit: 250

Quote from: byt411 on May 26, 2014, 02:16:20 AM

Quote from: alinutu78 on May 26, 2014, 01:52:38 AM

Quote from: rodeoclownicp on May 25, 2014, 06:24:06 PM

ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now

Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss?

If the bitcoinwisdom chart was larger, you would see that you will definitely profit over the next 5 years.
Also, stop begging for lower price if you can't afford it. Why should PBMining sell them at a loss?

By the way, difficulty increase was 18% the last time, and 10% before that.

dude stop trolling for them ,,, dont get so but hurt,,,

fuck i have never seen such crybaies,, if you get upset you have misunderstood the post or you are irrrational-at 2.5usd per gh profitability is lost now... the btc per gh drops still reflect 2.5 usd per gh... if it does become profitable it is 1-2% gain from current buys if u get that.. i see prices are lowered,so you do understand that pb, but will the 2.5 usd per gh barrier be addressed thankyou

rodeoclownicp

sr. member

Activity: 252

Merit: 250

Quote from: kained on May 26, 2014, 04:45:27 AM

I'd like to ask again, if there is clear cut evidence that this is a legit mining operation. Such as showing an address that receives newly generated coins.

I ask because Bit-mining.co disappeared, with everyone's bitcoin, and it isn't all that clear whether pbmining can be trusted.

were they tracked down

Mike18feb

hero member

Activity: 657

Merit: 500

MΣC

There is no reassuring data available, kaned. Just like scrypt.cc though. Not much info available, yet both have been active and paying for a while.

Still, companies that are considered legit charge criminal prices and/or fees for sure.
Companies that are not generally considered legit might be criminal or not.
Which option is better? Losing for sure or losing maybe

BTW, average Bitcoin difficulty increase since March is almost 16%, average since January is 17%/18%, cant remember exactly.

Minnlo

hero member

Activity: 868

Merit: 1000

Quote from: kained on May 26, 2014, 04:45:27 AM

I'd like to ask again, if there is clear cut evidence that this is a legit mining operation. Such as showing an address that receives newly generated coins.

Nope. No evidence that they have the hashrate (over 500 TH/s now). The payment is sent through mixer rather than from new coins.

You can find lots of discussion here. https://bitcointalk.org/index.php?topic=484355.0;all

kained

newbie

Activity: 35

Merit: 0

I'd like to ask again, if there is clear cut evidence that this is a legit mining operation. Such as showing an address that receives newly generated coins.

I ask because Bit-mining.co disappeared, with everyone's bitcoin, and it isn't all that clear whether pbmining can be trusted.

Steiny217

member

Activity: 118

Merit: 10

YAY!!!!!! WOOT WOOT!!!!!! I got my first referral last night!!!!!!! Thank you very very much!!!!!!!! If I could take you out and buy you a beer I would! Much appreciated whoever you are!

byt411

hero member

Activity: 798

Merit: 1000

Quote from: alinutu78 on May 26, 2014, 01:52:38 AM

Quote from: rodeoclownicp on May 25, 2014, 06:24:06 PM

ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now

Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss?

It is NOT a total loss, that guy is a huge gigantic troll. If the bitcoinwisdom chart was larger, you would see that you will definitely profit over the next 5 years.
Also, stop begging for lower price if you can't afford it. Why should PBMining sell them at a loss?

By the way, difficulty increase was 18% the last time, and 10% before that.

rodeoclownicp

sr. member

Activity: 252

Merit: 250

here look at this chart

http://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-charts

i am trying to buy ,, i just want some traction at 150-300 when finaly even not. a 1-2% return if i break even

rodeoclownicp

sr. member

Activity: 252

Merit: 250

Quote from: alinutu78 on May 26, 2014, 01:52:38 AM

Quote from: rodeoclownicp on May 25, 2014, 06:24:06 PM

ps. if u back date it is to set the calculator ...buy price is irrelevant to topic. you just want to get the same btc over period of time.. then use cuurent price and current day- trying to deal with imbeciles and get a question across has left my purpose potentially convoluted - i will revisit later if it is not addressed rationally now

Ok, so it's not even close to term "profitable". Why people are still buying these contracts if it is a total loss?

again, stop feeling like its personal or like you're being attacked- if you feel that way then please take into account you are the person i am saying is misunderstanding what i am writting,,,alinutu78... i was hoping to hear back from pb mining about a price drop in usd per gh while avoiding misunderstanding that i am not refering to price drop in btc per gh... does that help.. i have a contract and want more but i want to buy even more but the price drops are still 2.5 usd per gh--- please nobody respond who thinks i am being negative- if u do, again you have misundestood, also could i please get an answer

Topic: PB Mining -- 5 year mining contracts! - page 179. (Read 378920 times)