Topic: PB Mining -- 5 year mining contracts! - page 228. (Read 378921 times)

I think, PBMining is doing Mt.Gox, if the price increase so rapidly. Otherwise they increase the price per GH/s to "fix this issue"  
Am sure, PBMining is just Fake Mining, even if they pay out constantly. But think of it: You will never get a ROI.

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!

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.

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  )

The more BTC you buy, the more profit you get. If you buy GH/s via PBMining (or even stupider CEX) you will just lose a part of your money. There is no ROI possible. ROI? You will never reach it. That's it.

Example:

Month         Payout/Weekly per 10 GH/s (fictional 25% Difficulty+ each 2nd week)
Feb 14      0,00575246 BTC
Feb 14      0,00460197 BTC
Feb 14      0,00460197 BTC
Feb 14      0,00368157 BTC
Mrz 14      0,00368157 BTC
Mrz 14      0,00294526 BTC
Mrz 14      0,00294526 BTC
Mrz 14      0,00235621 BTC
Apr 14      0,00235621 BTC
Apr 14      0,00188497 BTC
Apr 14      0,00188497 BTC
Apr 14      0,00150797 BTC
Mai 14      0,00150797 BTC
Mai 14      0,00120638 BTC
Mai 14      0,00120638 BTC
Mai 14      0,00096510 BTC
Jun 14      0,00096510 BTC
Jun 14      0,00077208 BTC
Jun 14      0,00077208 BTC
Jun 14      0,00061767 BTC
Jul 14         0,00061767 BTC
Jul 14         0,00049413 BTC
Jul 14         0,00049413 BTC
Jul 14         0,00039531 BTC
Aug 14      0,00039531 BTC
Aug 14      0,00031624 BTC
Aug 14      0,00031624 BTC
Aug 14      0,00025300 BTC
Sep 14      0,00025300 BTC
Sep 14      0,00020240 BTC
Sep 14      0,00020240 BTC
Sep 14      0,00016192 BTC
Okt 14      0,00016192 BTC
Okt 14      0,00012953 BTC
Okt 14      0,00012953 BTC
Okt 14      0,00010363 BTC
Nov 14      0,00010363 BTC
Nov 14      0,00008290 BTC
Nov 14      0,00008290 BTC
Nov 14      0,00006632 BTC
Dez 14      0,00006632 BTC
Dez 14      0,00005306 BTC
Dez 14      0,00005306 BTC
Dez 14      0,00004245 BTC
Jan 15      0,00004245 BTC
Jan 15      0,00003396 BTC
Jan 15      0,00003396 BTC
Jan 15      0,00002717 BTC
Feb 15      0,00002717 BTC
Feb 15      0,00002173 BTC
Feb 15      0,00002173 BTC
Feb 15      0,00001739 BTC
Mrz 15      0,00001739 BTC
Mrz 15      0,00001391 BTC
Mrz 15      0,00001391 BTC
Mrz 15      0,00001113 BTC
Apr 15      0,00001113 BTC
Apr 15      0,00000890 BTC
Apr 15      0,00000890 BTC
Apr 15      0,00000712 BTC
Mai 15      0,00000712 BTC
Mai 15      0,00000570 BTC
Mai 15      0,00000570 BTC
Mai 15      0,00000456 BTC
Jun 15      0,00000456 BTC
Jun 15      0,00000365 BTC
Jun 15      0,00000365 BTC
Jun 15      0,00000292 BTC
Jul 15         0,00000292 BTC
Jul 15         0,00000233 BTC
Jul 15         0,00000233 BTC
Jul 15         0,00000187 BTC
Aug 15      0,00000187 BTC
Aug 15      0,00000149 BTC
Aug 15      0,00000149 BTC
Aug 15      0,00000119 BTC
Sep 15      0,00000119 BTC
Sep 15      0,00000096 BTC
Sep 15      0,00000096 BTC
Sep 15      0,00000076 BTC
Okt 15      0,00000076 BTC
Okt 15      0,00000061 BTC
Okt 15      0,00000061 BTC
Okt 15      0,00000049 BTC
Nov 15      0,00000049 BTC
Nov 15      0,00000039 BTC
Nov 15      0,00000039 BTC
Nov 15      0,00000031 BTC
Dez 15      0,00000031 BTC
Dez 15      0,00000025 BTC
Dez 15      0,00000025 BTC
Dez 15      0,00000020 BTC
Jan 16      0,00000020 BTC
Jan 16      0,00000016 BTC
Jan 16      0,00000016 BTC
Jan 16      0,00000013 BTC
Feb 16      0,00000013 BTC
Feb 16      0,00000010 BTC
Feb 16      0,00000010 BTC
Feb 16      0,00000008 BTC
Mrz 16      0,00000008 BTC
Mrz 16      0,00000007 BTC
Mrz 16      0,00000007 BTC
Mrz 16      0,00000005 BTC
Total   0,05177167 BTC

This is a lost of EUR 4,00€ per 10 GH/s contract !!!

Or in BTC: You will lose 0,0012228 BTC per GH/s contract!

ok, this is getting very interesting now

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.

There is no other way. Am i right?

It is cheaper for PBMining to buy BTC for you and calculate the current BTC-Payout/1GHs per week for you instead of buying Asic crap. Plus: They don't have any kind of power energy or any other costs. This is the trick. Refer to my calculation, to see the truth about PBMining: https://bitcointalksearch.org/topic/m.6101802

But it would be perfect setup for a ponzi. They doing so small and slow ROI , and in the mean while people buying more and more. They don't even need to bother buying ASIC . Just saying. I don't think they are actually doing ponzi .

No.

Good answer!  
Guys it's clear that PBMining is similar to a consortium. You give them BTC and they buy ASIC of any kind they want at any price they want. They guarantee your fixed return, according to the usual profitability calculators and that's what you get. This is far from being a ponzi.

Anyhow, as jamieb81 has already said, this question has been asked thousands of times before. Just go back and read the messages.

Hah, good point maybe with PBmining written at it Hahah ?

botolo86, you got it. 25.xx% is the difficulty increase every 2 weeks.
Refer to my ROI calculation in https://bitcointalksearch.org/topic/m.6101802

that question has been answered many times.


here look this is my rig, do you believe me?

Why? U think this is ponzi ? That was my thought to. Since we can't see what specific blocks "we" mined or anything.

This question has been answered thousands of times in this thread. PBMining does not disclose this information and we are not here to question this. I am just talking about difficulty increase and strategies of our fellow piggies.

This is true and I agree with you but we also see past difficulty increase and we can gauge the future value. Please do not misunderstand me, I love PBMining and I think the service it provides is great. I am just wondering whether people buy GHS hoping that difficulty will be lower than 18% (which would allow break even after 230 days) or if I am just missing something. The average difficulty increase from June 2013 has been 25.14%  

Out of curiosity, what hardware do you guys use? What devices, what manufacturers?
Can we have photographic proof?

Difficulty is impossible to predict.  Either outcome is possible. 

Mmm, so if you will never reach ROI, why all these people are buying GHS from PBMining? Are they just crazy?

This is, how PBMining works.

Month         Payout/Weekly per 10 GH/s (fictional 25% Difficulty+ each 2nd week)
April 14      0,00575246 BTC
April 14      0,00460197 BTC
April 14      0,00460197 BTC
April 14      0,00368157 BTC
May 14      0,00368157 BTC
May 14      0,00294526 BTC
May 14      0,00294526 BTC
May 14      0,00235621 BTC
June 14      0,00235621 BTC
June 14      0,00188497 BTC
June 14      0,00188497 BTC
June 14      0,00150797 BTC
July 14      0,00150797 BTC
July 14      0,00120638 BTC
July 14      0,00120638 BTC
July 14      0,00096510 BTC
August 14   0,00096510 BTC
August 14   0,00077208 BTC
August 14   0,00077208 BTC
August 14   0,00061767 BTC
September 14         0,00061767 BTC
September 14         0,00049413 BTC
September 14         0,00049413 BTC
September 14         0,00039531 BTC
October 14      0,00039531 BTC
October 14      0,00031624 BTC
October 14      0,00031624 BTC
October 14      0,00025300 BTC
November 14      0,00025300 BTC
November 14      0,00020240 BTC
November 14      0,00020240 BTC
November 14      0,00016192 BTC
December 14      0,00016192 BTC
December 14      0,00012953 BTC
December 14      0,00012953 BTC
December 14      0,00010363 BTC
January 15      0,00010363 BTC
January 15      0,00008290 BTC
January 15      0,00008290 BTC
January 15      0,00006632 BTC
February 15      0,00006632 BTC
February 15      0,00005306 BTC
February 15      0,00005306 BTC
February 15      0,00004245 BTC
March 15      0,00004245 BTC
March 15      0,00003396 BTC
March 15      0,00003396 BTC
March 15      0,00002717 BTC
April 15      0,00002717 BTC
April 15      0,00002173 BTC
April 15      0,00002173 BTC
April 15      0,00001739 BTC
May 15      0,00001739 BTC
May 15      0,00001391 BTC
May 15      0,00001391 BTC
May 15      0,00001113 BTC
June 15      0,00001113 BTC
June 15      0,00000890 BTC
June 15      0,00000890 BTC
June 15      0,00000712 BTC
July 15      0,00000712 BTC
July 15      0,00000570 BTC
July 15      0,00000570 BTC
July 15      0,00000456 BTC
August 15      0,00000456 BTC
August 15      0,00000365 BTC
August 15      0,00000365 BTC
August 15      0,00000292 BTC
September 15         0,00000292 BTC
September 15         0,00000233 BTC
September 15         0,00000233 BTC
September 15         0,00000187 BTC
October 15      0,00000187 BTC
October 15      0,00000149 BTC
October 15      0,00000149 BTC
October 15      0,00000119 BTC
November 15      0,00000119 BTC
November 15      0,00000096 BTC
November 15      0,00000096 BTC
November 15      0,00000076 BTC
December 15      0,00000076 BTC
December 15      0,00000061 BTC
December 15      0,00000061 BTC
December 15      0,00000049 BTC
January 16      0,00000049 BTC
January 16      0,00000039 BTC
January 16      0,00000039 BTC
January 16      0,00000031 BTC
February 16      0,00000031 BTC
February 16      0,00000025 BTC
February 16      0,00000025 BTC
February 16      0,00000020 BTC
March 16      0,00000020 BTC
March 16      0,00000016 BTC
March 16      0,00000016 BTC
March 16      0,00000013 BTC
April 16      0,00000013 BTC
April 16      0,00000010 BTC
April 16      0,00000010 BTC
April 16      0,00000008 BTC
May 16      0,00000008 BTC
May 16      0,00000007 BTC
May 16      0,00000007 BTC
May 16      0,00000005 BTC
Total   0,05177167 BTC (Investment was 0,064 BTC)

This is a total lost of around EUR 4,00€ per 10 GH/s contract !!!