Author

Topic: PB mining, Ponzi or Succesfull Business (Read 2658 times)

sr. member
Activity: 280
Merit: 250
August 30, 2014, 10:34:48 PM
#25
I think if you want to invest in such cloudmining PBmining.com, you must have a rather large funds, because at this moment is very volatile rate movements bitcoin, and the likely benefits to be obtained can not be predicted in the near future, so If you want to invest and to profit in a short time, do not invest in cloudmining ...  Undecided
hero member
Activity: 859
Merit: 1000
August 19, 2014, 07:15:35 AM
#24
The truth is there is no reliable contract cloud mining offering big profits at no costs. At the end of the day you loose all your investments when the scumbags disappear with the coins.
hero member
Activity: 644
Merit: 500
August 19, 2014, 06:32:35 AM
#23
Successfull Ponzi Grin
waiting for collapse (or owner run)
oh wait, maybe schematic and brilliant ponzi
PBMining will be 100% Successful Business if they prove they really mining  Cheesy
Otherwise, if they ponzi. Someday they will detected & close their service

I think lunamine / cex.io / zenminer is trustable cloud mining
You should consider 3 of them  Smiley
lunamine already scam Cheesy
sr. member
Activity: 476
Merit: 250
August 18, 2014, 11:44:51 PM
#22
PBMining offers 5 year mining contracts that are priced waay higher than the contract could earn in the given time frame. Though they seem to be up and running for months now, their "hashing power" have no proofs or whatsoever (pictures of the hardwares and data centres please). If you want to get some nifty profit and at the same time experience some hashing, try trading and using cex.io (I do not promote their service xD).
They have proof as they have their own pool and they prove their hashrate via their found blocks as they would not be able to find as many blocks as they do without as much hashrate as they claim.

What I do agree with is the fact that their prices are much higher then what the GHs that they sell could ever produce. In order to possibly ROI with their contracts the rate of increases of difficulty would need to slow a lot, of which it is not showing any signs of doing.
So instead of being a ponzi they are just scamming their customers by selling their product at overpriced rates. I have noticed that most cloud mining services tend to "estimate" the difficulty rises to be much lower then what would be realistic. Their customers run the numbers with this low increases and buy thinking it is a good deal when if they had done their homework they would see that their assumptions are not going to happen.
legendary
Activity: 938
Merit: 1000
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August 18, 2014, 07:48:02 AM
#21
It is obviously a successful business if they can convince people to buy their product with premium.

Willing seller and willing buyer and no coercion is involved.

With that logic Lumanine was a very succesfull company, a succesfull company doens't run away with money....

Lumanine didn't deliver the service and product as promised. So they belong to scammer category.

In your words, It is obviously a successful business if they can convince people to buy their product with premium, without cohersion, that's what Lumanine did, no cohersion, do you catch my drift?
legendary
Activity: 938
Merit: 1000
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August 18, 2014, 07:36:13 AM
#20
They don't react to my pm, shame....
hero member
Activity: 859
Merit: 1000
August 18, 2014, 03:31:13 AM
#19
PBMining offers 5 year mining contracts that are priced waay higher than the contract could earn in the given time frame. Though they seem to be up and running for months now, their "hashing power" have no proofs or whatsoever (pictures of the hardwares and data centres please). If you want to get some nifty profit and at the same time experience some hashing, try trading and using cex.io (I do not promote their service xD).

Well maestro... if you really want to get some nifty profit and at the same time experience some hashing, try trading and using kryptologika.com because it is way cheaper. What I am trying to say here is that we are here to breake the monopoly of the well known three letter company for the benefit of our customers and ourselves (yes we do this for profits). We have cheaper maintenance fees and we protect the value of the GH/s with physical silver.

Please take a minute and have a look on our thread
https://bitcointalk.org/index.php?topic=732733.20
full member
Activity: 126
Merit: 100
August 18, 2014, 03:28:01 AM
#18
PBMining will be 100% Successful Business if they prove they really mining  Cheesy
Otherwise, if they ponzi. Someday they will detected & close their service

I think lunamine / cex.io / zenminer is trustable cloud mining
You should consider 3 of them  Smiley

Do your research with the company by sending them emails, getting their contacts and the likes, so far pbmining is doing well but lunamine is a no go area.
full member
Activity: 350
Merit: 104
August 18, 2014, 02:51:16 AM
#17
It is obviously a successful business if they can convince people to buy their product with premium.

Willing seller and willing buyer and no coercion is involved.

With that logic Lumanine was a very succesfull company, a succesfull company doens't run away with money....

Lumanine didn't deliver the service and product as promised. So they belong to scammer category.
legendary
Activity: 938
Merit: 1000
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August 17, 2014, 07:27:31 AM
#16
It is obviously a successful business if they can convince people to buy their product with premium.

Willing seller and willing buyer and no coercion is involved.

With that logic Lumanine was a very succesfull company, a succesfull company doens't run away with money....
full member
Activity: 350
Merit: 104
August 17, 2014, 05:37:29 AM
#15
It is obviously a successful business if they can convince people to buy their product with premium.

Willing seller and willing buyer and no coercion is involved.
full member
Activity: 142
Merit: 100
August 17, 2014, 02:34:39 AM
#14
With mining having negative expectation of profit, PB mining doesn't really need to have actual mining farm to sell anyone cloud hashing service. They can simple take your bitcoin and return part of your bitcoin on weekly or monthly basis and still be profitable.
member
Activity: 70
Merit: 10
August 17, 2014, 02:10:32 AM
#13
my personal experiance with pbmining was awesome have about 50 ghs in it.. but because of diff increasing its hard to mine.. but its not a ponzi best site.Smiley
sr. member
Activity: 252
Merit: 251
Knowledge its everything
August 17, 2014, 02:04:45 AM
#12
PBMining will be 100% Successful Business if they prove they really mining  Cheesy
Otherwise, if they ponzi. Someday they will detected & close their service

I think lunamine / cex.io / zenminer is trustable cloud mining
You should consider 3 of them  Smiley
full member
Activity: 238
Merit: 100
August 17, 2014, 12:18:28 AM
#11
PBMining offers 5 year mining contracts that are priced waay higher than the contract could earn in the given time frame. Though they seem to be up and running for months now, their "hashing power" have no proofs or whatsoever (pictures of the hardwares and data centres please). If you want to get some nifty profit and at the same time experience some hashing, try trading and using cex.io (I do not promote their service xD).
They have proof as they have their own pool and they prove their hashrate via their found blocks as they would not be able to find as many blocks as they do without as much hashrate as they claim.

What I do agree with is the fact that their prices are much higher then what the GHs that they sell could ever produce. In order to possibly ROI with their contracts the rate of increases of difficulty would need to slow a lot, of which it is not showing any signs of doing.
member
Activity: 69
Merit: 10
August 17, 2014, 12:18:05 AM
#10
If it sounds too good to be true...

I'm going to say 100% fishy...

legendary
Activity: 3542
Merit: 1352
Cashback 15%
August 16, 2014, 09:03:38 PM
#9
PBMining offers 5 year mining contracts that are priced waay higher than the contract could earn in the given time frame. Though they seem to be up and running for months now, their "hashing power" have no proofs or whatsoever (pictures of the hardwares and data centres please). If you want to get some nifty profit and at the same time experience some hashing, try trading and using cex.io (I do not promote their service xD).
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
August 16, 2014, 05:17:57 PM
#8
I wouldn't say that they are so much a ponzi scheme, however they do sell mining capacity that is way overpriced. Their cost per GHs is well over what each GHs will likely earn over the 5 year period. Another thing that is very unfair to their customers is that they force customers to prepay for 5 years worth of electricity when they buy a contract, however after several months the hardware is likely to produce less BTC then the cost of the electricity will consume so their customers would be better off if they simply turned off the GHs after a certain time.
sr. member
Activity: 476
Merit: 255
August 16, 2014, 02:47:32 AM
#7
Please be careful about pbmining. They are acting basically he same as lunamine did and lunamine recently ran away with everything. They got something like 1900 bitcoins stolen from people who were trying to hash with them. Don't put all your eggs in one basket. Seriously lunamine was responsive and friendly...and it didn't mean squat. They even did a successful sig campaign for a month to lure people in.

I've signed up at PBmining since May, and got some GHS
and until now they are still paying,
and income continued to decline, due to increased difficulty
hero member
Activity: 700
Merit: 500
August 15, 2014, 07:23:49 PM
#6
Please be careful about pbmining. They are acting basically he same as lunamine did and lunamine recently ran away with everything. They got something like 1900 bitcoins stolen from people who were trying to hash with them. Don't put all your eggs in one basket. Seriously lunamine was responsive and friendly...and it didn't mean squat. They even did a successful sig campaign for a month to lure people in.
sr. member
Activity: 248
Merit: 250
August 15, 2014, 04:16:44 PM
#5
Preorders?? It's cloudmining!?

yes, its cloud mining

there is discussion about pb mining before you made this thread
check this https://bitcointalksearch.org/topic/pbmining-legit-484355
legendary
Activity: 938
Merit: 1000
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August 15, 2014, 02:54:07 PM
#4
Preorders?? It's cloudmining!?
legendary
Activity: 1045
Merit: 1000
August 15, 2014, 02:20:33 PM
#3
you should put that topic into mining section.

in my opinion let me say it this way:
I dont think pre-orders are fair for you as customer, because you have the risk of the project get done, but getting nothing from the gain of the company, so I am NOT doing it.

If you think its not fair running a mining company without giving any information to their customer as, who is behind the operation, who is the owner, where is it situated, how is the data center looking, then be honest to yourself and DONT support this companys. Do something for a change. When customers not more buying their products they will consider being more open.
sr. member
Activity: 364
Merit: 250
August 15, 2014, 01:27:28 PM
#2
They gave us free GH/s before peoples started to mine. And we've got payments before there was many people with bought GH/s.
legendary
Activity: 938
Merit: 1000
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August 15, 2014, 12:00:41 PM
#1
I'm a customer since recently and have some questions.

I wish to buy another 200 GH-s, but after reading about the company I´m not so sure anymore. Don´t get me wrong, I think PBmining is awesome, if it´s the real deal.

2 things, people accuse PBmining of a ponzi scheme, yet PBmining does nothing I can see to disprove those people, like stating where the datacentre is or photo´s, or proof of hashing in the blockchain. Does anyone know something about PB mining and can prove it?

Secondly, why do the people behind this company want to remain anonymous, if they have good intentions and do what they say?

I now have 50 GH/s and wish to expand with PB mining. But something is holding me back.

What is my fellow member take on this?

Thanks for your time and respons!
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