PB Mining -- 5 year mining contracts! - page 72.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: Puppet on November 27, 2014, 02:37:27 AM

Quote from: Syke on November 26, 2014, 11:22:02 PM

Quote from: Puppet on November 26, 2014, 12:23:45 PM

Ive only recently been logging their stats

Have you tracked their payout addresses? I think 1Payday1sm5wGqtatKscfXnxARZ2B2MF3z is one of them. I'd like to know how many contracts they are actually paying out on. 38,000 transactions would be half of all transactions on Sunday, so I have a hard time believing that stat.

No, havent looked in to that yet. But if you look at their stats page, they have ~6700 customers, not 38K. And you can pay thousands of those in one transaction.
If your listed payout address is correct, then they are paying ~225 BTC /week through that. Theoretical payout for 4.4PH is >380. Perhaps they use other addresses, perhaps customers have been reinvesting their divs..?

Yup that 1Payday address is PB mining's payout address as reported by their customers consistently.
Mar 2014: https://bitcointalksearch.org/topic/m.5617470
May 2014: https://bitcointalksearch.org/topic/m.6674107
Aug 2014: https://bitcointalksearch.org/topic/m.8607692

Puppet

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Activity: 980

Merit: 1040

Quote from: Syke on November 26, 2014, 11:22:02 PM

Quote from: Puppet on November 26, 2014, 12:23:45 PM

Ive only recently been logging their stats

Have you tracked their payout addresses? I think 1Payday1sm5wGqtatKscfXnxARZ2B2MF3z is one of them. I'd like to know how many contracts they are actually paying out on. 38,000 transactions would be half of all transactions on Sunday, so I have a hard time believing that stat.

No, havent looked in to that yet. But if you look at their stats page, they have ~6700 customers, not 38K. And you can pay thousands of those in one transaction.
If your listed payout address is correct, then they are paying ~225 BTC /week through that. Theoretical payout for 4.4PH is >380. Perhaps they use other addresses, perhaps customers have been reinvesting their divs..?

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Puppet on November 26, 2014, 12:23:45 PM

Ive only recently been logging their stats

Have you tracked their payout addresses? I think 1Payday1sm5wGqtatKscfXnxARZ2B2MF3z is one of them. I'd like to know how many contracts they are actually paying out on. 38,000 transactions would be half of all transactions on Sunday, so I have a hard time believing that stat.

TradeSmart

newbie

Activity: 42

Merit: 0

Why do people still try to find some info about their mining equipment and more? It is obvious Charles P scheme, but who cares, they are still paying and doing a good job. After closing a lot will be lost, so invest only what you can afford to loose.

Peace.

galdur

hero member

Activity: 616

Merit: 500

The reason why women are so intelligent

is why the very survival of the species

depends on it.

Anyayakubu

member

Activity: 71

Merit: 10

Wow, came home and 5 more pages of this same to read today. I never thought this whole topic could have this much wind in it's sails to go on for weeks like this.
Maybe I should write a poem? Ok let me give it a try.

PB mining up north so far, where the weather is cold,
the days are long.
Can I ask you a question, tell me if I'm wrong.
Your mining is in secret, never to be shown?
We would like to know you and learn how you mine.
Some are saying your a ponzi, others claim it's a scam.
I'm a bitcoin girl with my money on the line.
Can I trust you to come though for me,
When it's the right time?
The coins I will loose really don't matter. although would be nice if my wallet was fatter.
I'm having my say although I wasn't appointed. How nice it would be
if we didn't have a lot of people disappointed.

galdur

hero member

Activity: 616

Merit: 500

I rested my case but if I might add

I´m a simple man with simple thoughts

but I believe in certain well worn principles.

Bending them can result in bad things.

Micro, like regarding this co. is of little

consequence but Macro the results can be

truly horrific

galdur

hero member

Activity: 616

Merit: 500

Hey ATCkit, still haven´t got your signature hyperlinked ?

ATCkit

hero member

Activity: 786

Merit: 1000

Quote from: MrTeal on November 26, 2014, 02:28:49 PM

Quote from: galdur on November 26, 2014, 02:18:37 PM

Quote from: MrTeal on November 26, 2014, 02:14:21 PM

Quote from: galdur on November 26, 2014, 01:54:23 PM

Quote from: MrTeal on November 26, 2014, 01:51:07 PM

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

....not just consider what fits your

preconceived outcome.

No, I live in Saskatchewan and deal quite often with Northern projects. Saskatoon is the largest city, and while hardly cheap due to labour shortages construction prices are fairly reasonable. The average daily mean temperature is 2.6C. If you go up to La Ronge (the northernmost reasonably sized town pop 2500) your average yearly temperature drops to -0.1C, but construction costs rise dramatically. If you really want to head to the cold north, you can do so somewhere like Stony Rapids (pop 243) or Fond-du-Lac (pop 226) where the daily mean is ~-5C, but now you're transporting materials in over ice roads or air and labour costs are 3x to 5x what you'd pay in the southern part of the province. Communications infrastructure is similarly much more limited.

There is no economic sense to trying to have a project in northern Saskatchewan unless you absolutely need to access something geographically fixed, like a mineral deposit.

Maybe it´s not Canada that I have in mind.

Just because some clueless wankers (that freely admit that they don´t have a clue)
tell you something doesn´t necessarily mean it is so as a fact.

Which is fine, there are many cold places in the world with better access than Northern Saskatchewan. The person you were replying to was specifically talking about the location being in Saskatchewan, close to the Manitoba border.

It's all a bit moot since there isn't actually a PB Mining mine of any size in any case, but I'm sure you're more than aware of that.

Yup I meant somewhere due east of Saskatoon or North Battleford. They could have their office in Saskatchewan and hop over the border to a facility in Manitoba where Hydro is cheaper and they do their mining...say somewhere off hwy 77.

Anyhoo, anywhere in that locale is likely much cooler than most of the world....even in the summer. I think even Ottawa would be much hotter.

Speaking off Ottawa, if i lived in canada, that would be a decent place to reside. I could slip up the Quebec side of the Valley and rent a barn from a retiring relative. He's a dairy farmer with tons of heavy electrical equipment that eats way more power than 100s of miners. I could throw in a bunch of Antminers and do my own thing. I may have to sweep out some cob webs etc tho- lol.

galdur

hero member

Activity: 616

Merit: 500

I rest my case.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: galdur on November 26, 2014, 02:34:09 PM

MrTeal, just for clarity and better understanding of where you´re coming from.

Are you familiar with the judicial concept

innocent until proven guilty ?

I am, although I am not quite sure how that applies here. Are you suggesting that criminals should not be stopped from robbing victims until it's proven in a court of law?

galdur

hero member

Activity: 616

Merit: 500

MrTeal, just for clarity and better understanding of where you´re coming from.

Are you familiar with the judicial concept

innocent until proven guilty ?

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: galdur on November 26, 2014, 02:18:37 PM

Quote from: MrTeal on November 26, 2014, 02:14:21 PM

Quote from: galdur on November 26, 2014, 01:54:23 PM

Quote from: MrTeal on November 26, 2014, 01:51:07 PM

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

....not just consider what fits your

preconceived outcome.

No, I live in Saskatchewan and deal quite often with Northern projects. Saskatoon is the largest city, and while hardly cheap due to labour shortages construction prices are fairly reasonable. The average daily mean temperature is 2.6C. If you go up to La Ronge (the northernmost reasonably sized town pop 2500) your average yearly temperature drops to -0.1C, but construction costs rise dramatically. If you really want to head to the cold north, you can do so somewhere like Stony Rapids (pop 243) or Fond-du-Lac (pop 226) where the daily mean is ~-5C, but now you're transporting materials in over ice roads or air and labour costs are 3x to 5x what you'd pay in the southern part of the province. Communications infrastructure is similarly much more limited.

There is no economic sense to trying to have a project in northern Saskatchewan unless you absolutely need to access something geographically fixed, like a mineral deposit.

Maybe it´s not Canada that I have in mind.

Just because some clueless wankers (that freely admit that they don´t have a clue)
tell you something doesn´t necessarily mean it is so as a fact.

Which is fine, there are many cold places in the world with better access than Northern Saskatchewan. The person you were replying to was specifically talking about the location being in Saskatchewan, close to the Manitoba border.

It's all a bit moot since there isn't actually a PB Mining mine of any size in any case, but I'm sure you're more than aware of that.

galdur

hero member

Activity: 616

Merit: 500

Quote from: Mabsark on November 26, 2014, 02:21:25 PM

Quote from: galdur on November 26, 2014, 02:18:37 PM

Just because some clueless wankers (that freely admit that they don´t have a clue)
tell you something doesn´t necessarily mean it is so as a fact.

Exactly! The thing you don't seem to grasp though is that you are the clueless wanker.

If you say so.

Absolutely no problem with me.

I don´t have to prove anything here.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: galdur on November 26, 2014, 02:18:37 PM

Just because some clueless wankers (that freely admit that they don´t have a clue)
tell you something doesn´t necessarily mean it is so as a fact.

Exactly! The thing you don't seem to grasp though is that you are the clueless wanker.

galdur

hero member

Activity: 616

Merit: 500

Quote from: MrTeal on November 26, 2014, 02:14:21 PM

Quote from: galdur on November 26, 2014, 01:54:23 PM

Quote from: MrTeal on November 26, 2014, 01:51:07 PM

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

....not just consider what fits your

preconceived outcome.

No, I live in Saskatchewan and deal quite often with Northern projects. Saskatoon is the largest city, and while hardly cheap due to labour shortages construction prices are fairly reasonable. The average daily mean temperature is 2.6C. If you go up to La Ronge (the northernmost reasonably sized town pop 2500) your average yearly temperature drops to -0.1C, but construction costs rise dramatically. If you really want to head to the cold north, you can do so somewhere like Stony Rapids (pop 243) or Fond-du-Lac (pop 226) where the daily mean is ~-5C, but now you're transporting materials in over ice roads or air and labour costs are 3x to 5x what you'd pay in the southern part of the province. Communications infrastructure is similarly much more limited.

There is no economic sense to trying to have a project in northern Saskatchewan unless you absolutely need to access something geographically fixed, like a mineral deposit.

Maybe it´s not Canada that I have in mind.

Just because some clueless wankers (that freely admit that they don´t have a clue)
tell you something doesn´t necessarily mean it is so as a fact.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: galdur on November 26, 2014, 01:54:23 PM

Quote from: MrTeal on November 26, 2014, 01:51:07 PM

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

....not just consider what fits your

preconceived outcome.

No, I live in Saskatchewan and deal quite often with Northern projects. Saskatoon is the largest city, and while hardly cheap due to labour shortages construction prices are fairly reasonable. The average daily mean temperature is 2.6C. If you go up to La Ronge (the northernmost reasonably sized town pop 2500) your average yearly temperature drops to -0.1C, but construction costs rise dramatically. If you really want to head to the cold north, you can do so somewhere like Stony Rapids (pop 243) or Fond-du-Lac (pop 226) where the daily mean is ~-5C, but now you're transporting materials in over ice roads or air and labour costs are 3x to 5x what you'd pay in the southern part of the province. Communications infrastructure is similarly much more limited.

There is no economic sense to trying to have a project in northern Saskatchewan unless you absolutely need to access something geographically fixed, like a mineral deposit.

galdur

hero member

Activity: 616

Merit: 500

Quote from: MrTeal on November 26, 2014, 01:51:07 PM

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

....not just consider what fits your

preconceived outcome.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: galdur on November 26, 2014, 01:07:36 PM

Maybe their mining operations are located in a place up
far north that has a cold climate and truly excellent
electricity rates and where the dollar buys A LOT. Grin

Yeah, that's not how it works. The further north you go, the less a dollar buys. Once you get past the southern strip of the country costs for everything skyrocket. It would be unwise to build a large farm in a place in the far north when the climate isn't that much different.

galdur

hero member

Activity: 616

Merit: 500

I mean, since you ponzi specialists freely admit

that you don´t know shit about this company

maybe you should not just consider what fits your

preconceived outcome.

Topic: PB Mining -- 5 year mining contracts! - page 72. (Read 378917 times)