Author

Topic: PB Mining -- 5 year mining contracts! - page 288. (Read 379006 times)

sr. member
Activity: 378
Merit: 250
February 25, 2014, 06:10:56 AM
 Sorry you feel that way.   Ponzi schemes result in people going to jail.  That's why I mentioned them.
full member
Activity: 154
Merit: 100
February 25, 2014, 06:06:08 AM
PBmining, you could link to some blocks generated by your farm?

Also, is someone willing to post a txid of a payout to see if it comes from a block reward?

Just want some indicators this isn't a ponzi scheme.

I'm not too concerned, since I can only count the number of these type of accusations towards PB Mining on 1 hand so far.  We have posted our business registration certificate and been open with our identity and I am sure you will be able to find some of our newly generated coins by looking through our cycled addresses.  We will post more information on our site soon, but we have bigger priorities right now than that.  If you have any further questions about this matter you can contact law enforcement.  We have a very high respect for them, so tell them we say hi.  Smiley

That wasn't the answer I was looking for.

Whether you're concerned about your business or reputation has little to do with me wanting some verification before considering investing.

If you have any further questions about this matter you can contact law enforcement.  We have a very high respect for them, so tell them we say hi.  Smiley

I'm baffled to why you'd even suggest getting law enforcement involved.
If that's your official response towards a potential customer just wanting some peace of mind, then I'm out.
full member
Activity: 227
Merit: 100
February 25, 2014, 06:01:56 AM
I'm trying bit-mining.co for just a few days long, so I'm not very sure and trusted to this company. I mentioned them as an alternative to CEX.IO . Also they are not transparent as CEX.IO at the part of mining details. So we need to be carefull for now.
sr. member
Activity: 378
Merit: 250
February 25, 2014, 05:52:07 AM
It's very possible to start doing this, however a service that trades contracts like this may have to meet a required regulatory compliance which we would have to look into.  Right now we are happy with the way things are, but we will always look at ways of improving ourselves.  Thanks for the suggestions.  

I have also noticed that a couple posters with "https://bit-mining.co?ref=" seem to be popping into the thread, and so I would just like to say that we try to remain friendly with our competition.  This means we actually frown upon any of our users going into competitors threads trying to make users "switch", as this is seen as a dirty way of advertising and could be inviting disaster.  I would hope you are not damaging any good relationships between you and your service with your advertising plugins.  In fact, I urge anyone who is wanting to trade contracts to stick with CEX.IO, as I am completely unfamiliar with this other service.

  
sr. member
Activity: 378
Merit: 250
February 25, 2014, 05:16:11 AM
There should be a warning at your website with big puntos that points; Bought contracts cannot be sold before 5 years! . Otherwise it would not be fair at the market , because this situation may mislead noob bitcoin investors. And this is the most disadvantage or your system I think. There is other markets which we can buy mining power and sell whenever we want, I advice you to think of this option ...

I thought that it was only CEX.IO that offered this feature, but since you have mentioned it is multiple sites I will look into this more and post the necessary warnings.  We never thought this was an issue, but it now has my attention.  Thanks!
sr. member
Activity: 378
Merit: 250
February 25, 2014, 05:14:20 AM
PBmining, you could link to some blocks generated by your farm?

Also, is someone willing to post a txid of a payout to see if it comes from a block reward?

Just want some indicators this isn't a ponzi scheme.

I'm not too concerned, since I can only count the number of these type of accusations towards PB Mining on 1 hand so far.  We have posted our business registration certificate and been open with our identity and I am sure you will be able to find some of our newly generated coins by looking through our cycled addresses.  We will post more information on our site soon, but we have bigger priorities right now than that.  If you have any further questions about this matter you can contact law enforcement.  We have a very high respect for them, so tell them we say hi.  Smiley
member
Activity: 98
Merit: 10
February 25, 2014, 04:53:21 AM
I'm just would like to say that no need to be jealous Smiley Because if you are a jealous then the world around you is jealous.And you get nothing from it.
full member
Activity: 227
Merit: 100
February 25, 2014, 04:48:41 AM
There should be a warning at your website with big puntos that points; Bought contracts cannot be sold before 5 years! . Otherwise it would not be fair at the market , because this situation may mislead noob bitcoin investors. And this is the most disadvantage or your system I think. There is other markets which we can buy mining power and sell whenever we want, I advice you to think of this option ...
full member
Activity: 154
Merit: 100
February 25, 2014, 03:37:54 AM
PBmining, you could link to some blocks generated by your farm?

Also, is someone willing to post a txid of a payout to see if it comes from a block reward?

Just want some indicators this isn't a ponzi scheme.
sr. member
Activity: 294
Merit: 250
February 24, 2014, 11:36:39 PM
This place is a scam taking advantage of noobs or people who don't know anything about BTC.   The GHS for sale is deceiving as there are many hidden fees and such which is nothing more than the owners skimming off as much as they can from unsuspected people who give them their BTC.   There are no refunds btw, once you send your BTC is gone, no getting it back and you will be stuck with them.  Buyer beware!
newbie
Activity: 56
Merit: 0
February 24, 2014, 11:21:01 PM
"And this little piggy went hashing!"   #47



1BXj2Kxc7C2H6UVjfnsJ5P7ohtrQzUAda1
legendary
Activity: 924
Merit: 1000
February 24, 2014, 09:57:22 PM
yes if you are after functionality of the website rather than profitability I would suggest looking elsewhere.  We are currently rebuilding the site and we have this one "locked down".  It has very limited access, just enough to show you what your contracts are doing.  


profitability always comes first. ALthough I think everything about your service is A+. Your support is excellent your update on tech issues is amazing and I like the website design and functionality. All in all it has been a great experience and I was one of the first 50. Keep up the great work  Grin
member
Activity: 112
Merit: 10
February 24, 2014, 08:58:33 PM
yes if you are after functionality of the website rather than profitability I would suggest looking elsewhere.  We are currently rebuilding the site and we have this one "locked down".  It has very limited access, just enough to show you what your contracts are doing.  


This is perfectly fine and thank you for the quick response, just wanted to make sure i wasn't missing something very obvious.
sr. member
Activity: 378
Merit: 250
February 24, 2014, 08:52:49 PM
yes if you are after functionality of the website rather than profitability I would suggest looking elsewhere.  We are currently rebuilding the site and we have this one "locked down".  It has very limited access, just enough to show you what your contracts are doing.  
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
February 24, 2014, 08:52:44 PM
Update from earlier but I purchased my first contract and it has shown up in my Profile, thanks PBmining I am hoping for the best!

I feel like my Dashboard is very bare though, is there anything more to it? I dont even have the ability to type in my Payout address and the Date Joined is blank too.  Maybe this changes after the first day?

It looks like I am looking at my Profile page through a public view.  Cant view my email address or anything....says its hidden for user protection..

Web site is in the early stage . Will get improved. I was thinking the same thing as u now ! Cheesy 
member
Activity: 112
Merit: 10
February 24, 2014, 08:49:34 PM
Update from earlier but I purchased my first contract and it has shown up in my Profile, thanks PBmining I am hoping for the best!

I feel like my Dashboard is very bare though, is there anything more to it? I dont even have the ability to type in my Payout address and the Date Joined is blank too.  Maybe this changes after the first day?

It looks like I am looking at my Profile page through a public view.  Cant view my email address or anything....says its hidden for user protection..
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
February 24, 2014, 08:44:26 PM
Interesting, but in 5 years the difficulty will outstrip the investment.

Maybe it's worth looking into approximate profit over 2 years to see if that could still make it worthwhile.

I take it there are only 5 year contracts for sale?

Do the math u will make your money back in 60ish days . So everything after that is profit. Yes it will drop with diff inc-rise but still its profit. I think this is much better that buying ASIC and mining yourself. You will wait for it, then it will take long time to make return on your money.
hero member
Activity: 644
Merit: 500
February 24, 2014, 08:02:17 PM
Interesting, but in 5 years the difficulty will outstrip the investment.

Maybe it's worth looking into approximate profit over 2 years to see if that could still make it worthwhile.

I take it there are only 5 year contracts for sale?
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
February 24, 2014, 06:24:51 PM
Thanks for the replies PBmining.

Quick question....while my 5 year contract is mining and I start to collect BTC, can I withdraw any amount at any time?  Are there restrictions on withdraws? 

the mined BTC is paid every sunday before midnight GMT-6
minimum payout is 0.000053BTC
all under that limit waits till next sunday or till it is over that limit

but we cannot sell our GHS before that 5 years limit, am I right?

When u buy ghs its with you 5 years. I am not sure what happens then, can u sell them or u can only keep them. But 5 years is SO LONG TIME in btc world . U should get ur money invested in ghs in 60ish days after that all is pure profit !
full member
Activity: 227
Merit: 100
February 24, 2014, 05:59:58 PM
Thanks for the replies PBmining.

Quick question....while my 5 year contract is mining and I start to collect BTC, can I withdraw any amount at any time?  Are there restrictions on withdraws?  

the mined BTC is paid every sunday before midnight GMT-6
minimum payout is 0.000053BTC
all under that limit waits till next sunday or till it is over that limit

but we cannot sell our GHS before that 5 years limit, am I right?
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