PB Mining -- 5 year mining contracts! - page 227.

btcminer84

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Quote from: h3rlihy on April 06, 2014, 06:34:42 PM

Rapidly declining profit yeah but profit all the same.

Profit on PBMining isn't possible for customers. Go back to school and learn basic mathematics.

To all guys, who want to buy GH/s on PBMining: I can do the same GH/s power delivery like PBMining, but cheaper:

1 GH/s = 0.0058 BTC (offer is valid until 2014-04-08)

h3rlihy

sr. member

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Gonna throw it out there that I'm customer ~~#21~~ #23, have been part of PB for a good couple of months now and I have actually got to the point now where I am making profit. Rapidly declining profit yeah but profit all the same.

btcminer84

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Quote from: MICRO on April 06, 2014, 06:28:37 PM

But when 5 yr contract expire u keep ur ghs or u can sell them ? Or they keep them ?

People asking those stupid questions are good customers. Grin

botolo86

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Quote from: MICRO on April 06, 2014, 06:28:37 PM

True that. But when 5 yr contract expire u keep ur ghs or u can sell them ? Or they keep them ? Maybe u get ROI in like 10 years Cheesy

?

You can't sell the GHS you buy on PBMining and they will expire after 5 years.

MICRO

legendary

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CEO @ Stake.com and Primedice.com

Quote from: botolo86 on April 06, 2014, 06:02:29 PM

Quote from: locopao on April 06, 2014, 05:57:16 PM

Not exactly what i (tried to) said.

You have already bought 20-25 GH.

And then you never buy any GH again and the btc price goes up to $1000.

That's what i meant. Then you should have some profit, right?

I think this does not change my conclusion. When you bought those 20/25 GHS, you paid them X amount of BTC, right? You did not get them for free.

Let's say you bought them today, at the current price of 0.0064 BTC and let's say you bought 25 GHS. You would have paid them 0.16 BTC or $73.28 USD at today's exchange rate.

If in the end those GHS will mine less BTC, let's say 0.12 BTC and if the exchange rate will be $1,000 you will have received an amount of BTC equal to $120 (good ROI on USD) but if you just kept the original 0.16 BTC instead of buying GHS, you would have had $160. Therefore, unless you mine more BTC than what you paid, it makes more sense to buy BTC and keep them.

True that. But when 5 yr contract expire u keep ur ghs or u can sell them ? Or they keep them ? Maybe u get ROI in like 10 years Cheesy

?

btcminer84

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Quote from: locopao on April 06, 2014, 05:31:16 PM

if i get it right, the only way to make it even or mybe have some profit is to get as many referrals as you can.

If you refer new boneheads who are buing GH/s for expensive money (in BTC) on PBMining, you can reduce your lost in ROI.
But don't forget. Buying on CEX is still much stupider than buying on PBMining. Buying BTC is get you the best ROI and you get the BTC instantly instead of waiting FIVE years to get back a little bit(coins) of your invested money.

locopao

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Quote from: btcminer84 on April 06, 2014, 06:17:50 PM

Quote from: locopao on April 06, 2014, 06:15:40 PM

I am a wiser guy now

So, will you buy expensive GH/s or better invest your money directly in BTC?

ohh, you are being provocative now sir Grin

btcminer84

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Quote from: locopao on April 06, 2014, 06:15:40 PM

I am a wiser guy now

So, will you buy expensive GH/s or better invest your money directly in BTC?

locopao

legendary

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ok i think this was a very constructive little talk.

I am a wiser guy now

Thanks!

btcminer84

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Quote from: locopao on April 06, 2014, 06:11:27 PM

What do you mean 0.00205445 BTC is the full amount? ...
EDIT. Ok, you change it

0.1294292 BTC, sorry. Fixed. Wink

Quote from: btcminer84 on April 06, 2014, 06:09:01 PM

But: 0.1294292 BTC is the full amount, you can mine using 25 GH/s. So the ROI is a total lost of 0.0305708 BTC (this is the win for PBMining).

locopao

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Quote from: btcminer84 on April 06, 2014, 06:09:01 PM

Quote from: botolo86 on April 06, 2014, 06:02:29 PM

You would have paid them 0.16 BTC or $73.28 USD at today's exchange rate.

If in the end those GHS will mine less BTC, let's say 0.12 BTC and if the exchange rate will be $1,000 you will have received an amount of BTC equal to $120 (good ROI on USD) but if you just kept the original 0.16 BTC instead of buying GHS, you would have had $160. Therefore, unless you mine more BTC than what you paid, it makes more sense to buy BTC and keep them.

Correct! This is, what I try to say.
But: 0.00205445 BTC is the full amount, you can mine using 25 GH/s.

What do you mean 0.00205445 BTC is the full amount?

Per day until the next difficulty

EDIT. Ok, you change it

btcminer84

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Quote from: botolo86 on April 06, 2014, 06:02:29 PM

You would have paid them 0.16 BTC or $73.28 USD at today's exchange rate.

If in the end those GHS will mine less BTC, let's say 0.12 BTC and if the exchange rate will be $1,000 you will have received an amount of BTC equal to $120 (good ROI on USD) but if you just kept the original 0.16 BTC instead of buying GHS, you would have had $160. Therefore, unless you mine more BTC than what you paid, it makes more sense to buy BTC and keep them.

Correct! This is what I try to say.
But: 0.1294292 BTC is the full amount, you can mine using 25 GH/s. So the ROI is a total lost of 0.0305708 BTC (this is the win for PBMining).

locopao

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Quote from: botolo86 on April 06, 2014, 06:02:29 PM

Quote from: locopao on April 06, 2014, 05:57:16 PM

Not exactly what i (tried to) said.

You have already bought 20-25 GH.

And then you never buy any GH again and the btc price goes up to $1000.

That's what i meant. Then you should have some profit, right?

I think this does not change my conclusion. When you bought those 20/25 GHS, you paid them X amount of BTC, right? You did not get them for free.

Let's say you bought them today, at the current price of 0.0064 BTC and let's say you bought 25 GHS. You would have paid them 0.16 BTC or $73.28 USD at today's exchange rate.

If in the end those GHS will mine less BTC, let's say 0.12 BTC and if the exchange rate will be $1,000 you will have received an amount of BTC equal to $120 (good ROI on USD) but if you just kept the original 0.16 BTC instead of buying GHS, you would have had $160. Therefore, unless you mine more BTC than what you paid, it makes more sense to buy BTC and keep them.

Ok Now that makes sense.

locopao

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Quote from: btcminer84 on April 06, 2014, 05:57:56 PM

Why people think a lost will ROI?

i don't really know.

I am just asking if someone (me) pays 50 something dollars to buy GH, and then finds out that he 'll never get this money back and decides to just leave it there (no extra GH purchase in the future) what will happen if the btc price goes up.

That's all . According to your example, in the next 3 years i'll have a loss of about $12 (if the price never change). I am supposing that you might have some profit if the price reach higher levels (and the pbmining will not close down).

Right?

botolo86

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Quote from: locopao on April 06, 2014, 05:57:16 PM

Not exactly what i (tried to) said.

You have already bought 20-25 GH.

And then you never buy any GH again and the btc price goes up to $1000.

That's what i meant. Then you should have some profit, right?

I think this does not change my conclusion. When you bought those 20/25 GHS, you paid them X amount of BTC, right? You did not get them for free.

Let's say you bought them today, at the current price of 0.0064 BTC and let's say you bought 25 GHS. You would have paid them 0.16 BTC or $73.28 USD at today's exchange rate.

If in the end those GHS will mine less BTC, let's say 0.12 BTC and if the exchange rate will be $1,000 you will have received an amount of BTC equal to $120 (good ROI on USD) but if you just kept the original 0.16 BTC instead of buying GHS, you would have had $160. Therefore, unless you mine more BTC than what you paid, it makes more sense to buy BTC and keep them.

btcminer84

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Why people think a lost will ROI?

locopao

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Quote from: botolo86 on April 06, 2014, 05:47:37 PM

Quote from: locopao on April 06, 2014, 05:43:29 PM

ok, but there is one factor that can reverse anything:

the BTC price itself

What will happen if you don't buy any more GH and price will rise up to let's say $1000 or more?

(i am not talking about the price goes down to $1 Grin

)

This does not work because we are talking about two options:

should I buy X BTC today and keep them or
should I buy X BTC today and invest them in GHS?

If you choose the second option and you end up with less BTC than option one, you are loosing money and USD/BTC does not have any effect.

Not exactly what i (tried to) said.

You have already bought 20-25 GH.

And then you never buy any GH again and the btc price goes up to $1000.

That's what i meant. Then you should have some profit, right?

Steiny217

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Quote from: botolo86 on April 06, 2014, 05:52:54 PM

Quote from: Steiny217 on April 06, 2014, 05:49:34 PM

Well, everyone jump on the hater wagon now.......... If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple! Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is. I've made really good money mining and believe in PBmining!

Your answer is legitimate and I don't want to create a flame reply. I am very interested in PBMining, I already have 53 GHS with them (you can check on the global stats) and I was thinking about buying more GHS. The first purchase was a impulse purchase, I did not think about it a lot. Now I wanted to invest a little bit more and I was doing some calculations and I wanted to get the feedback of other piggies who have invested a lot.

My question was: am I correct when I say that with the current PBMining price you will never ROI or am I missing something? In the first case, why people has massively invested in PBMining? Bad calculations or anything else?

Thanks!

Botolo86, my comment wasn't directed at you. I'm gonna shoot ya a pm and tell you my opinions. will 53GH/s ever pay off maybe maybe not no one knows. buying and holding is the best option but it's boring. lol

btcminer84

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If PBMining really is having real hardware, why they reduce the pricing per GH/s? This is impossible (power and other costs). They just keep your BTC and your ROI is a LOST of actually 0,0012228 BTC per GH/s.

botolo86

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Quote from: Steiny217 on April 06, 2014, 05:49:34 PM

Well, everyone jump on the hater wagon now.......... If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple! Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is. I've made really good money mining and believe in PBmining!

Your answer is legitimate and I don't want to create a flame reply. I am very interested in PBMining, I already have 53 GHS with them (you can check on the global stats) and I was thinking about buying more GHS. The first purchase was a impulse purchase, I did not think about it a lot. Now I wanted to invest a little bit more and I was doing some calculations and I wanted to get the feedback of other piggies who have invested a lot.

My question was: am I correct when I say that with the current PBMining price you will never ROI or am I missing something? In the first case, why people has massively invested in PBMining? Bad calculations or anything else?

Thanks!

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