PB Mining -- 5 year mining contracts! - page 89.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Flep182 on November 17, 2014, 06:41:01 AM

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

but pbmining don't pay out on block reward, they pay out on a fixed calculation, as previously set out in this thread, a few months ago.
Unless that has changed?

Flep182

legendary

Activity: 938

Merit: 1007

The magic term here is "variance".

The "payout per 24 hours" is strictly theoretical. There is no blockreward of 0.0127. There is a blockreward of 25 BTC and if a certain block isn't found as fast as would be expected the reward per Gh/s is lower than the theoretical average since the revenue is generated over a longer period of time.

petahashminer

legendary

Activity: 1890

Merit: 1037

Hi PBMining Admin,

There has been a 7.5% cut in rewards in global page in all users statistics since last payout..

According to https://bitcoinwisdom.com/bitcoin/difficulty ;

1000 GHS has to pay 0.0127 BTC in 24 hours, also you can also calculate this with this formula too, 1000 GHS/DAY = (24*1000)*1000000000*3600*25/(D*2^32) = 0.0127 BTC/day where D is the current difficulty which is 39603666252 right at the moment. But since yesterday, it is paying 0.0117 BTC/24hours ..which is a reduction of 7.5% .

You always say that, there is no recurring costs, there is no fees, there is no any other fees applied to these contracts, and you always say in your website front page and in this forum that you are willing to pay full payment even if there will be downtime too. and users made these contracts with these circumstances.

So, what is the reason of this huge cut?

i hope this problem is caused by a miscalculation in the system and will be fixed soon.

ajw7989

legendary

Activity: 924

Merit: 1000

Quote from: petahashminer on November 16, 2014, 07:00:48 PM

Quote from: Angelina Jolie on November 16, 2014, 04:31:28 PM

Quote from: dimiro on November 16, 2014, 01:22:01 AM

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Quote from: galdur on November 16, 2014, 08:17:24 AM

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

aT THIS DIfficulty level,

1000 GHS pays, 0.08889 BTC in a week..

check it out that site

https://bitcoinwisdom.com/bitcoin/difficulty

1TH is not really anything to sneeze at anymore which is sad since it was a huge amount at the beginning of the year. The price at Pbmining looks decent for now based on the way difficulty has been going (pretty steady) should make ROI possible although the amount of days is hard to tell

petahashminer

legendary

Activity: 1890

Merit: 1037

Quote from: Angelina Jolie on November 16, 2014, 04:31:28 PM

Quote from: dimiro on November 16, 2014, 01:22:01 AM

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Quote from: galdur on November 16, 2014, 08:17:24 AM

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

aT THIS DIfficulty level,

1000 GHS pays, 0.08889 BTC in a week..

check it out that site

https://bitcoinwisdom.com/bitcoin/difficulty

Angelina Jolie

member

Activity: 169

Merit: 10

Global Risk Exchange - gref.io

Quote from: dimiro on November 16, 2014, 01:22:01 AM

Payment Received

May I know this payout of 0.06855476BTC in one week span is against how much hash power ? I think it is 1000 Ghs. Is not it ?

Quote from: galdur on November 16, 2014, 08:17:24 AM

Paid like clockwork as usual.

As u r also running a thread on cloudmining.website review, can u please tell the return of cloudmining.website in one week for 10/100/1000 Ghs hash power ?

vipgelsi

legendary

Activity: 1736

Merit: 1001

Paid thanks.

galdur

hero member

Activity: 616

Merit: 500

Paid like clockwork as usual.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Payment Received as always, ty!!

fiddelingones

full member

Activity: 127

Merit: 100

Quote from: Biomech on November 16, 2014, 12:47:57 AM

Quote from: petahashminer on November 16, 2014, 12:13:35 AM

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

Just a guess here, but the payout seemed earlier to me. That could be it.

This, plus there was difficulty increase last week, so part of the last week mining was with lower difficulty (thus higher last week payout)

dimiro

full member

Activity: 224

Merit: 100

Payment Received

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: petahashminer on November 16, 2014, 12:13:35 AM

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

Just a guess here, but the payout seemed earlier to me. That could be it.

petahashminer

legendary

Activity: 1890

Merit: 1037

why is this weeks payment are lower than last week?

and i do not see any difficulty increase between the period 09/11/2014 and 16/11/2014

so payments must be the same, or greater than last week(in case a purchase of new contract in the middle of the week)

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Paid!

EDIT: And first for once Cheesy

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

To the gentleman or lady who over the last few days has bought a fairly significant amount of hash under my ref link, THANK YOU!

I was told it was bad form to post customer numbers, but you know who you are even if I don't Cheesy

pbmining still going great for me, two asic machines have failed. (though my gridseed continues to be a beast!)

bennynjetz

member

Activity: 66

Merit: 10

Mining til I puke

It's great to see so many happy PB mining customers here! I have been mining with them for a good while, and I haven't had a single issue yet. Payouts are always on time and customer service is lightning fast and always friendly. After some very high electricity bills thanks to my home mining farm, I decided to sell my miners and flip all my hash rate over to PB. The payouts are exactly the same as my mining farm efforts and now I don't have to worry about the expensive electric bill. No maintenance fees and no electric bill = MORE BTC! Can't say enough great things about PB

BTW, the 10% referral bonus is another great feature. If you are interested, please use my ref link which I proudly put here: http://bit.ly/1u5pCJz

omega_man_13

newbie

Activity: 8

Merit: 0

My problem was finally resolved, continuing to mine.

I've been trying to reach you guys over this. I have been very happy with your mining service so far, otherwise.

Thank you for replying,

Customer #: 20222

KEEP ON MINING! Wink