Topic: PB Mining -- 5 year mining contracts! - page 218. (Read 379004 times)

++1

This would be a great addition!

I'd like to see the time of the payout optimized a bit, for the sake of consistency, but otherwise I'm quite happy with a weekly payout. I know approximately when and how much I'm going to get. Not as random as straight mining, though I have more fun with that

What I'd really like to see is that fucking slider on the buy page be banished back to whatever hell spawned it and replaced with a text box where you can just input a number.

no, i'm quite happy with the service which PBMining provide. if I want self-customised mining, i'll point my home rig at a chosen pool. again, you are totally off-topic.

You are right, we should talk about PBmining so what about new payout system? 0.01 BTC or customizable threshold like on the pools would be nice, wouldn't it?

This isn't really the place to discuss the political theories. as it's about pbmining. But no, Anarchy is not chaos. Chaos is where you have so many rules that they cannot be obeyed without violating causality. Anarchy is self rule, and an ideal to be aspired to. The modern "democracy", on the other hand, is demonstrably the most tyrannical form of polity ever devised.

As for the above idiot... Well, some days I suffer fools more easily than others.

i don't care about your trolling mate, this thread is for users of PBMining, please take your teenage angst elsewhere.

Look at previous posts about "flying pigs" and shit, that's normal?

at current prices on both, 2.10 per GH/s for an Ant, $2.70 GH/s for pbmining. calculate electricity and PSU into it, and I suspect you're looking at a better deal at pbmining. There are too many regional variables for that to be a blanket statement, but it's going to be generally true. @ $.10 kw/h, the ant eats just shy of 87 cents a day, so right out the gate it's more expensive to operate. And you pay that every day you run it instead of just once in five years.

You can profit both ways, and if you play Alt mining and trading games you MIGHT outperform the bitcoin mining at pbmining. I think they are both valid investment vehicles. But very different animals as well. Ants give you more flexibility, pbmining gives you more stability. The electricity cost vs. difficulty pretty much means that even though the linear growth cannot continue, the ant will cost more to operate than it returns well before five years have passed. AT least in bitcoin.

how intellectual a response!? personal abuse does in no way back up your arguments. in fact it makes you look like a dunce, who didn't actually understand what the poster was alluding to.

You, sir are troll. Anarchy is not chaos? I LOL'd though

Your point is taken. I do however think they're legit. I chose the avenue of referrals because I enjoy the game, partially, and because I posted the link in my sig on a total whim and it paid off Truth is since I started actively promoting it I've done worse than when it was just sitting there.

Mainly, though, I compared the cost to existing hardware, vaporware scams, er, I mean, Pre orders! yeah, that's it. Pre orders. And I came down to basically two choices at the time. There are a few more now, fortunately, but then there were basically two choices. pbmining and Bitmain.

Bitmain is hardware that I can put my fingers on and play with. But it don't come with a decent PSU and it sucks electricity like a politician sucks life. Still the best game in town... but when you factor in electricity costs, even as low as Idaho rates are, and the expense of a PSU, plus the possible down time from power outage, children fingerpoking, random acts of vengeful gods... it worked out better to go with pbmining. Not by much, pretty close to even in fact, but slightly better using those same calculators that the trolls love to (ab)use.

There is a school of thought that holds that mining is never as profitable as buying and holding. I think people like this suffer from tunnel vision, or have a very narrow view of profit. Or just no patience. Bitcoin is at a nexus right now. It will either die very quickly, or it will soar in value. I can't really see any other outcomes. Also, to all you buy and hold people? Without us who mine, there would be nothing for you to buy and hold.

Mining gold is not as profitable as trading gold. But without the miner, the trader has empty pockets. We may not be the most financially savvy people in the world, or perhaps the compulsion to hunt treasure is a disease... but we produce what others want because we want to produce it. Sometimes the adventure is worth a monetary loss. Other times it's just a fuckup, but nevertheless, without the miners there is no bitcoin/gold/silver/platinum/shiny rocks...

It's completely over. They will never be worth anything again. Nobody will adopt it, as there is no central authority to oversee and steal confiscate devalue regulate it.

Therefore I think it best if you send all of your BTC to this address, lest they take it from you by force. 15KU7NmtLdu49yu7ZCf5SamuSH8C9A8U8j

"On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning."

Challenge: Do the sums, buy an ant and sell the GHS. Can profit?

I disagree. His calculations are not useless. They are illustrative of several logical fallacies and can therfore be of some value if you have a strong bullshit detector.

Exponential growth is impossible in the long run. This has been prove so many times that anyone claiming it as a basis for real world calculations should just go ahead and check themselves into either the mental ward or the Federal Reserve.

Except, in a ponzi there's always a bunch making a profit.
That doesn't make it less of a scam.

Honestly, the subject has been debated to death.
Anyone still opting to invest only has themselves to blame when the payouts stop coming.

I get it, you're pulling revenue from a different source. If you spam "pbmining is great" enough times, you'll get more signups through your referral.
That still doesn't help the other people who genuinely believe it's a good investment.

I made a measurable ROI within fifteen minutes of paying my money. Due to referrals I broke even in three weeks.

This is one of those things on this forum that drives me nucking futz. ROI is a very specific financial term and it does NOT coincide with breakeven or profit. It means Return ON Investment. Not Return OF investment.

If it were a scam, you wouldn't make an ROI. If they didn't pay you every sunday like clockwork, you would not make an ROI. If you don't break even, but still got paid, then you made an ROI.

I'm sure I'll get flamed, but I can guarantee you that if you walked into any other setting involving money management and started using ROI in the manner that it is on this forum, you'd either be yelled at, shunned, or a laugingstock.

and since somebody always brings up the "language evolves" load of bovine excrement, it's only true in a general sense. ROI is NOT a general term. It's an accounting term, technical jargon. It doesn't evolve. It's definition is fixed. Short of the disciplines of accounting getting a complete linguistic overhaul, it's not going to change. ROI =/= breakeven or proft.



On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning.

If I were the one running this, I'd sell 2/3rd's of the actual hashpower I bought, allowing a fair amount of "slush" along with a profit. Would be sufficient to guarantee the returns as per the way PB pays out, and make a handsome amount for those who invested in the hardware as well.

was like: "what, you never heard about it?  "

nie = never