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Topic: PB Mining -- 5 year mining contracts! - page 213. (Read 378921 times)

hero member
Activity: 798
Merit: 1000
April 15, 2014, 10:33:27 PM
Would be awsome if pbmining would also start a scrypt share pool for litecoins.
I've thought this too, but give em time, focus should be on Bitcoins at the moment which is the primary thing. Smiley

Just bought some more hashing power on pb do u guys think the price will go down more when difficulty hits 7?

The price goes down every upward difficulty change.
legendary
Activity: 1736
Merit: 1001
April 15, 2014, 10:09:41 PM
Would be awsome if pbmining would also start a scrypt share pool for litecoins.
I've thought this too, but give em time, focus should be on Bitcoins at the moment which is the primary thing. Smiley

Just bought some more hashing power on pb do u guys think the price will go down more when difficulty hits 7?
full member
Activity: 224
Merit: 101
April 15, 2014, 11:18:20 AM
Would be awsome if pbmining would also start a scrypt share pool for litecoins.
I've thought this too, but give em time, focus should be on Bitcoins at the moment which is the primary thing. Smiley
legendary
Activity: 1736
Merit: 1001
April 15, 2014, 09:40:00 AM
Would be awsome if pbmining would also start a scrypt share pool for litecoins.
sr. member
Activity: 327
Merit: 250
April 15, 2014, 01:03:57 AM
Lemon chutney, same as for curried kitten.
sr. member
Activity: 434
Merit: 250
April 15, 2014, 12:54:18 AM
http://cdn.attackofthecute.com/March-16-2014-00-36-10-rr.jpg
 rare albino shortfurred longeared hopping minipig

which flavour of gravy do you have with that?
sr. member
Activity: 327
Merit: 250
April 15, 2014, 12:49:17 AM

 rare albino shortfurred longeared hopping minipig
hero member
Activity: 742
Merit: 502
Circa 2010
April 15, 2014, 12:33:45 AM
i can give a reasonable estimate for ~christmas time : if you don't have 10TH/s running, don't bother.
 Cheesy

signed - the raskul.

In this particular instance, profitability is irrelevant to the amount invested as each unit of investment will give you a specific unit of return that doesn't shift according the amount invested. Sure there are difficulty shifts but those will affect all units of investment and hence are irrelevant. Basically, having 1 GHs and 1 THs will give you the same % return on your investment.

On the topic of profitability, without accurately being able to predict difficulty shifts it is hard to know whether you'll make a profit (and if so much). Most people assume a 20% increase each time but in the long term that may vary with new ASIC technology/reduced demand for new equipment etc.
sr. member
Activity: 434
Merit: 250
April 15, 2014, 12:26:35 AM
Does anyone have a comprehensive excel file on how these 5 year contracts play out?  Huh
Not a real one. That would require predicting the future accurately. So far the very best prognosticators have been off significantly after about three months. The ASIC arms race is just out of the iron age and hitting the industrial revolution, so you pays your money and you takes your chance. Regardless of the vendor.

i can give a reasonable estimate for ~christmas time : if you don't have 10TH/s running, don't bother.
 Cheesy

signed - the raskul.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
April 14, 2014, 11:28:29 PM
Does anyone have a comprehensive excel file on how these 5 year contracts play out?  Huh
Not a real one. That would require predicting the future accurately. So far the very best prognosticators have been off significantly after about three months. The ASIC arms race is just out of the iron age and hitting the industrial revolution, so you pays your money and you takes your chance. Regardless of the vendor.
newbie
Activity: 19
Merit: 0
April 14, 2014, 11:01:36 PM
just buy some more contacts, hope will get my profit soon..



sr. member
Activity: 308
Merit: 250
April 14, 2014, 09:19:50 PM
Does anyone have a comprehensive excel file on how these 5 year contracts play out?  Huh

What exactly do you mean by "play out"??

probably pay out Wink
hero member
Activity: 798
Merit: 1000
April 14, 2014, 08:50:27 PM
Does anyone have a comprehensive excel file on how these 5 year contracts play out?  Huh

What exactly do you mean by "play out"??
legendary
Activity: 994
Merit: 1000
April 14, 2014, 12:01:48 PM
1PorkyB6s8Tb7JU8QiBpreD159iW6aaSWt

 Grin
I want make cool btc adress same, is it free or cost money ?





This little piggy went hashing Cheesy

0fd683d487dcf21c3a53dbd0de027f4214db795c3d18ff2b1bd13359d58f59a9

sr. member
Activity: 434
Merit: 250
April 14, 2014, 10:52:29 AM
full member
Activity: 200
Merit: 100
April 14, 2014, 10:09:15 AM
cex might have the real fancy site and the picture of "their" equipment but that doesn't make them legit!

The blocks they mine show up on the blockchain is what makes their farm legit.
It seems you're rather uninformed on the subject. Which makes it really regrettable you chose to invest money with a service you don't understand.

You see the blocks mined by the GHASH pool which, what a coincidence, offers 0% fee to gather as much outside miners as they can. The issue here is: how much of the total mining power of GHASH is real hardware owned by CEX and how much is hardware owned by outside miners?
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
April 14, 2014, 09:08:34 AM

What's wrong with the handle, if I may ask? I've used it for over 20 years.

Nothing, just my rambling Grin just a twisted way to point to the "bio" part of my argument, not really an actual connection Tongue

Ah. I ramble far too much to argue with that Tongue
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
April 14, 2014, 09:07:08 AM
Have wondered why a guy with the handle "Biomech" seems to have some insights??

Biomech has admitted elsewhere his profitability comes from referrals.
It's obvious he's just pushing PB to increase his referral income.

The rest of your post is entirely irrelevant to the issues at hand.
Never said otherwise, nor implied it. The question at hand was whether or not PB is mining. Not whether or not I got lucky on referrals. If you believe the company is legit and you are NOT using that avenue of revenue gathering, then I would have to wonder why not.

Unfortunately, the more I trumpet them the less referrals I seem to get Tongue
sr. member
Activity: 294
Merit: 250
April 14, 2014, 08:25:02 AM

Biomech has admitted elsewhere his profitability comes from referrals.


Didn't read all the posts and everywhere. Thanks for the info.


It's obvious he's just pushing PB to increase his referral income.


Aren't we all? I want PB to fulfill its contracts entirely, hope PB and everybody else that pay for them also.

The rest of your post is entirely irrelevant to the issues at hand.

If your referring to transparency, here's the relevance: those that claim for more transparency must be willing to give up their anonymity too, it's a two way street, sir.
Unless your willing to do so, it's just trolling, not discussing - but hey, I'm just the irrelevant guy, right, so who cares?

PM or email PB, identify yourself and demand for PB for do the same. Maybe that will ease your mind, maybe you even get to go on a site tour and see the miners.

Tracking the blockchain *might* allow you fell more comfortable, but doesn't solve any transparency issues whatsoever.
As for the rest of the information that would, well, I'll repeat myself: it's a two way street. Don't expect a business to give it up while the customer is but a handle in a internet forum. That was my point, even if irrelevant.

And now, I have also taking part in the not productive posting too, alas Sad

member
Activity: 88
Merit: 10
April 14, 2014, 08:18:30 AM
And this little piggy went hashing

#33

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